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Expats can stay strong in face of Brexit

However, these are the salient points to keep in mind:

  • Blacktower’s clients should be reassured that for now they retain the same residency status and healthcare benefits as they did prior to the Brexit vote.
  • Tax treaties, investments and financial arrangements are not dependent on the EU but on both individual wealth management firms and individual member states, Blacktower’s members should feel confident in moving towards the future.
  • Blacktower is in a strong position to take advantage of any volatility in the market and expects to be able to benefit from any opportunities which present themselves, such as the ability to make favourable purchases of high quality companies with solid dividends.
  • Blacktower operates right across the EU, including France, Spain, Italy, the Netherlands, Portugal, the Canary Islands, Gibraltar, Grand Cayman as well as the UK. In the short to medium term our wealth management services and financial advice will not be affected by the Brexit vote and we look forward to serving the needs of our clients whatever the future may hold.

For contact details and to arrange to speak to your local IFA please see our country by country location pages. To fill in a contact form, please click here.

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.

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Reclaiming the QROPS Transfer Charge – Clarification of Regulations

HM Revenue & Customs has introduced new regulations to make it easier to reclaim the QROPS overseas pension transfer charge. The rules came into effect on April 25, 2019 following a decision by the House of Commons on April 3, 2019.

The Pension Schemes (Information Requirements – Repayment of Overseas Transfer Charge) Regulations 2019* outline the necessary procedures for recovering the charge in cases where it has been incorrectly levied or a change in the member’s situation means that the charge is no longer applicable and a retroactive exemption can be applied.

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Expats must consider school fees planning

LibraryEducation and school fees planning is a major concern for any person looking to provide the best opportunities in life for their children or grandchildren. It’s a serious enough burden whoever and wherever you are in the world, but if you are one of the several million British expats living abroad, the issue can seem particularly daunting.

Especial empathy should be reserved for those families who have chosen, whether it is for work, lifestyle, health or other concerns, to move abroad and to send their children to private boarding schools back in the UK.

For parents in this position just a small change in their financial circumstances can occasionally place their children’s private education at risk. Fees can be onerous and effective wealth management planning can mean the difference between comfortably affording them or finding the bill a distinct headache.

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