 WelcomeFinanceSpain.com brings you news, guides, and information on overseas finance matters. Connecting expats with leading, English speaking, professionals.
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Directory of Advisors in the Alicante region of Spain, including Javea | Benidorm | Torres | Altea. Services include Mortgages | Pensions | QROPS | Overseas Savings | Offshore Investment | Inheritance Tax Planning | Insurance | Life Cover | Health Cover | Wealth Management. Leading experts in expatriate financial advice, regulated by Europe's largest financial services watchdog. If you would like to be included in the directory please email Directory@FinanceSpain.com
 At the core of financial planning is recognition of the main objectives, which can often be expressed as a need for growth or income. Even if the objective is simply wealth preservation, a focus on growth will be needed to offset the effects of inflation.For people moving or retiring abroad, currency risk is a further consideration. Pension income may arise in the currency of the country of origin and fluctuations in exchange rates will affect the level of income. However, some private pensions can be transferred into a new plan held in the appropriate currency which will remove future currency risk. Inheritance Tax may be a major consideration, particularly if property or other assets are maintained in the UK. Even when they are not, the UK tax authorities may still have an interest. Inheritance Tax in the UK is calculated by reference to the Estate of the deceased person. In Spain, it is calculated by reference to the beneficiaries, with the rates of tax varying, depending on who the beneficiaries are and their relationship to the deceased. Tax may also be due in both countries but there is a dual tax treaty which should ensure that double taxation can normally be avoided. Your earlier UK planning may have involved the use of Trusts in the UK or offshore. If this is the case, you need to be aware that Spain does not recognise the status of Trusts and if you are a Trustee who has become Spanish tax resident, the local tax authorities are likely to ignore the Trust and treat the assets and income or gains arising as your personal income or gains and seek to tax you accordingly. Clients of RAFP benefit from our relationship with local tax specialists in each country and can be confident that their investments will be appropriate to their individual tax position and future plans.  Richard Alexander Financial Planning Limited is an appointed representative of L J Financial Planning Limited which is authorised and regulated by the Financial Services Authority. Registered company number in England 7277868. |
 Richard Alexander has 36 years financial industry experience and founded RAFP to provide a specialist financial planning service to clients with accumulated capital who prefer the personal touch of a dedicated and trusted financial adviser. The aim is to build long term client relationships and understand their aspirations, to appreciate their concerns, sensitivities and risk tolerances and to provide a bespoke solution designed to achieve their goals. Initial meeting, introduction and information gathering, without charge or commitment Ask Richard a Question :
Richard has a wealth of experience of dealing with expatriate clients, focussing on the regions of Malaga and Alicante in Spain, with a strong adherence to the FSA Treating Customers Fairly rules. Spain (correspondence address)
C/Lagasca, 79
San Pedro de Alcantara 29670 Malaga Spain Richard Alexander Financial Planning Limited (RAFP)
Anderida, Curtisden Green Goudhurst Kent TN17 1LE United Kingdom Mob: +44 (0)7545 697473 Tel: +44 (0)1580 212617 Email: info@ra-fp.com Website : www.RA-FP.com
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