My Financial Expat

05/09/2021

Thoughts?

A shock tax move could see pensioners being charged National Insurance payments in the UK and British expats in Spain in a bid to boost Government coffers in the face of rising social care costs in the country.

15/07/2021

“Sir Steve Webb, the former pensions minister, advised Helen the over 80s pension does not require national insurance contributions”

British born Margaret Bradshaw had no idea she qualified after her 80th birthday in 2001 - she had no idea she had been entitled to £82.45 a week since 2001

22/06/2021

The Governments plan to 'tax raid' wherever they can the recoup loses due to the pandemic will massively effect UK pension holders whether you are a UK resident or overseas. This may sound ludicrous but not impossible......

History shows this when reviewing the Lifetime Allowance:

2011 - LTA stood at £1,800,000
2013 - LTA was reduce to £1,500,000
2014 - LTA was reduce to £1,250,000
2021 - LTA was reduce to £1,073,100
Will 2022 be the year the UK government reduced the LTA to £800,000?

Experts from across the pensions industry have warned against a rumoured “tax raid” in the autumn budget.

17/06/2021

Do you think that masks should be worn outside?

https://english.elpais.com/spain/2021-06-16/spanish-pm-announces-that-face-masks-will-soon-not-be-mandatory-outdoors.html?fbclid=IwAR1ZGQ3SIBitiTrROL-Q2aQ10Y0fQH9GD4701DLaW3LZJtJRY5UvII_j5kQ

Pedro Sánchez says the Covid-19 vaccination drive has reached ‘cruising speed’ after a record 3.5 million doses were administered last week

04/06/2021

British Airways reported a £2.6bn deficit at the end of March 2020 which was up £1.9bn up from the previous financial year. It appears the pandemic has taken its toll on the airline as well as many of the travel industries. If you are affected by this article please get in touch to find out more information on what this could mean for you.

Deal comes after airline deferred £450m in retirement contributions

01/06/2021

The UK state pension acts as a main income for a number of individuals in retirement. It is therefore crucial to check how many years you paid UK National Insurance to ensure you receive the correct amount. However, some have stated the current levels of support from the Department for Work and Pensions (DWP) do not extend far enough.

If this is something you want to check, please feel free to get in contact for a complimentary UK State Pension informative call.

STATE PENSION payments should rise to £400 per week, with the Government also urged to fund free residential care, a new petition has argued.

25/02/2021

Lawyer has to confirm he is ‘not a cat’ during Zoom mishap

Lawyer Rod Ponton, unable to undo cat filter during court debate, says: ‘I don’t know how to remove it … I’m here live. I’m not a cat’

23/02/2021

Are you liable to U.K. inheritance tax as an expat?

If you were born in the UK and you move to live in Spain you are still likley to be 'UK domiciled' and therefore liable to UK inheritance tax on your worldwide assets.

Protect your legacy. Speak to a specialist: