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Interesting curation of Blacktower Financial Management news

Here is an interesting curation of Blacktower Financial Management web pages with financial advice and news mostly for expatriates seeking to grow and protect their wealth.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Safeguarding your Pension and Assets

Many UK expatriates do not realise that even if they have left and are no longer resident in the UK, they remain UK-domiciled and therefore subject to UK Inheritance Tax (IHT) on their worldwide estate at a rate of 40 per cent after allowances. This can come as a major shock. 

Brexit

What can be done about this? There are several options. 

Transfers of wealth on death between husband and wife are exempt from IHT, but only if the spouse is also domiciled in the UK (or both are non-domiciled). This catches out many expatriates who have married a foreign passport holder who is likely to be domiciled elsewhere. Even then, the IHT is only delayed rather than avoided, because on the death of the survivor the tax will be payable on the passing of the family assets to the next generation. 

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Retiring to France – What you need to know

ParisIt’s no surprise that France is a popular destination choice for British expats looking to spend their retirement years overseas. From its beautiful pastoral landscapes to its quaint cobblestoned streets, settling into a new life in France is like living in a Claude Monet painting.

The lure of this picturesque setting is too much for many retirees to resist. If you are considering joining your fellow expatriates, then there are a few things you should consider.

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