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“Quick” divorces – new legislation in Italy

Previously a three-year separation was required in either case and, whilst not being particularly permissive given that a separation period is still needed, this legislation will speed up the civil process and is therefore a welcome change.

The new law modifies Art. 3 of Italian Law no. 898/1970.

Whilst in an ideal world it would be nice if all families could stay together and live in harmony until death, we have to accept that going through a divorce is becoming increasingly more common in this modern era. Becoming independent again can be very stressful for most especially as it can involve organising your wealth/settlement in a new way. We help individuals to invest capital to give them piece of mind, income streams and protection levels in line with their needs and desires, whilst incorporating tax efficiency and estate planning features at the same time.

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

Five Steps to Boost Your Chances of Early Retirement

For many, the idea of early retirement represents freedom — freedom from the 9-to-5 routine, from financial pressure, and from time constraints that limit personal pursuits. Whether your goal is to retire at 55, spend more time with family, travel the world, or simply slow down and enjoy life, careful financial planning is key to […]

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QROPS transfers to get cheaper

CubeIt has just become more straightforward for those looking to transfer their pensions into a QROPS in France, with many pension providers promising to drastically reduce their exit charges in the wake of comments from Chancellor George Osborne saying he will introduce legislation to cap costs.

This comes in the wake of concerns that some savers have been discouraged from making the most of flexible pensions access because of exit charges of between 5% and 10%.

Osbourne commented, “The government will not allow financial firms to rip off customers who have spent their working lives saving hard for retirement.”

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