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New Cayman Islands retirement planning laws

The Cayman Islands is currently experiencing an exodus of overseas workers looking to leave the autonomous British Overseas Territory before it closes a loophole which currently allows expats to convert their retirement savings to cash before they leave.

The law previously allowed expats to access pension accounts of $5,000 or more once they had been living outside Cayman for six months and had not made pension contributions for at least two years.

From 31 December, 2019, it will only be possible to receive payouts at retirement age. Those who want to take their pensions early must leave the Cayman Islands by the end of 2017.

Spectacular Tax Savings for Expats using Spanish Compliant Investments!

Hacienda, or the Spanish taxman to you and me, has granted significant tax advantages for savings & investment plans held by Spanish Tax Residents, under certain conditions.

The advantages are considerable and further compounded as the Hacienda treats non-compliant investments negatively with extra reporting and punitive taxation every year.

Are your existing investments safe from punitive tax?

Expats make property a priority before Spanish renaissance

Expat financial advisers in Spain have been helping numerous British expats arrange their financial affairs so they can take advantage of the relatively low property prices across the country. Many properties could soon be unaffordable, but are still currently within tantalising reach for those who have the means.

Experts are warning that this period of opportunity cannot continue forever, as it is expected that the Spanish economy will soon rebound from a recent period of trouble with what is anticipated to be a marked and prolonged period of prosperity.

Most British expats in Germany decide to stay

New figures published by the Office for National Statistics (ONS) have given a more accurate idea of the number of Britons living in Germany (and vice versa) and also show that many UK expats in Germany have made the decision that they will stay.

The report was compiled as part as a series and published as a response to the need for data on the British lives that will be most affected by Brexit. It included statistics on where British expats live and work, how long they've lived there, and what sort of employment they most often take on.

The Catalan Crisis in Spain

Catalonia’s push for independence after a referendum has plunged Spain into its worst political crisis since the attempted military coup in 1981.

The crisis could have huge repercussions for the Spanish economy. Catalonia itself has its own language, parliament, police force and controls some of its own public services, such as schools and healthcare.  It is one of Spain's wealthiest and most productive regions and has a distinct history dating back almost 1,000 years.

Are these factors affecting your retirement age?

Most people look forward to their retirement and see it as the time to achieve some lifelong dreams; perhaps finally being able to move to a perfect retirement destination, such as Portugal.

But the road to retirement has gradually become increasingly more difficult, as new research has found out.

How to learn a language when moving to a new country

One of the biggest concerns for prospective expats moving overseas is how easy it will be to fit in with the locals. Moving to a foreign country can be intimidating, especially when travelling to a place with a vastly different culture to home.

It's understandable to want to make a good impression in the community, and the most effective way is to learn a language.

Understanding structured notes

Work and Calculator on BenchInvesting is rarely risk-free, so it’s important to have a strong grasp of what you’re getting involved with. And structured note investments are no different. Outlining what this form of investment is, in as plain terms as possible, we offer detail around the types of structured notes and the complexities that you should be aware of.

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