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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.

Other News

Buying residential property overseas in 2017 post-Trump with Brexit influences

Advice on buying overseas property from financial expert Simon Conn:

After the “shocks” of 2016, how will the overseas property market be affected in 2017 and will the most popular areas still be of interest? Although the Trump and Brexit decisions did have an initial effect on clients potentially purchasing an overseas property – where some people have deferred until the markets have settled down in the USA after the Presidential inauguration and Article 50 is finally implemented – others have seen this as a good time to look for opportunities and bargains available in the market.

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CSG Changes for Expats in France

Couple holding handsThe wealth management plans of many expats in France have received a welcome boost with an announcement by the French government that there will be a reduction in the rate of social charges on investment income, meaning that low income expats will now be subject to a 7.5% charge compared to the previous 17.2% rate. However, the basic rates will remain as they were in 2018.

The news, which was announced as part of the social security budget for 2019, is of particular interest to expats in retirement as well as those who draw investment income. It also benefits those who do not live in France but receive income from investments in the country.

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