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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

Spain support reciprocal agreement for expats

Spanish flagThe Spanish government has supported the idea of a reciprocal deal with Britain over expats during Brexit negotiations.

It has said that, in principle, it would support an agreement allowing British expats in Spain to retain all existing benefits, including access to healthcare and pensions (which has been a particular concern among the elderly expat population residing in the Costas).

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Type of Pensions – Jargon Buster by Laura Mann Regional Manager Canary Islands

Blacktower FM - Costa Blanca - PensionsAs you already know there are a substantial number of pension types available.  How we came to have them, or what they actually are, still remains a mystery to many of us since these were thrust upon us (to some extent) by well meaning employers way back when.  This week we´re going to bust the Pension Jargon for the types of Pensions available.

Cash Balance Pension

A Cash Balance Pension is a pension arrangement, where your employer promises you a pension pot of a specified amount, when you reach retirement age.  Typically, the amount is calculated as a proportion of your salary for each year of service.  You know how much your pot will be, but there is no promise as to the amount of pension you will be able to buy (or take) from it.

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