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Premier FX collapse – What to do next for customers

The following, wherever possible, should be included:

  • Copies of any contract or agreement documents with Premier FX
  • Evidence of the total amount of money sent to the company
  • A schedule of payments made to Premier FX (including details of the currency and any instructions made to the company in this respect
  • Copies of bank statements confirming payments to Premier FX
  • Details of the specific Premier FX account or accounts paid into

These details should be sent to:

PKF Geoffrey Martin & Co
1 Westferry Circus
Canary Wharf
London
E14 4HD

Customers can contact the administrators using the following details: Email: premierfx@geoffreymartin.co.uk
Tel: 0207 495 1100

If you have been affected by the Premier FX collapse, and have been trying to contact the firm, you are advised to now send all correspondence, in writing, to the administrators.

Various investigations are being launched and news reports suggest that the Bank of England and the Financial Ombudsman are already involved alongside the Financial Conduct Authority.

While the inevitable worry and uncertainty that expat investors must be feeling is understandable, at the very least the knowledge that a process of investigation is now underway should hopefully mean that answers, and hopefully financial restitution, will be provided at some time in the future.

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Returning British expats could face high property prices

Spanish buildingsIt’s hardly a new revelation to state that Brexit has caused uncertainty for British expats. Until the EU and British government reach a final agreement in Brussels, the lives of many expatriates are certainly in a state of limbo.

Depending on how negotiations unfold, Britons who are living abroad may need to move back to their home country. But trends in the housing market, in both the UK and EU countries, suggest they could run into financial difficulty if they haven’t made sufficient wealth management plans for the future.

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Keeping the NHR Tax Regime Could Be Good for Portugal in 2018

Cave on beach in PortugalIn September 2017, it was announced that the Portuguese Government, following pressure from Sweden and a number of other European countries, was looking to water down the country’s non-habitual residency (NHR) tax regime, potentially bringing to an end a programme that has worked in the interests of expats since 2009. The uncertainty this proposed move provoked certainly threatened to put a dampener on the financial plans of quite a number of expats and would-be expats as they moved into 2018.

However, the budget proposal presented by the Portuguese government in November seemed to allay these fears. There was not a single mention of the scheme, which would have seen the introduction of a flat rate of tax of either 5% or 10% on income drawn from the pensions of NHRs.

In all probability any such move would have seen the pensions of existing expat NHRs unaffected; however, it would have presented a significant stumbling block to the retirement plans of many looking to move both their wealth and their residence status to the country.

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