Comprehensive guide to maximising your retirement income in Spain whilst minimising tax exposure through strategic planning and compliant investment structures.

Chancellor Rachel Reeves has delivered Labour's first budget in 14 years. It brings a raft of changes aimed at raising over £40 billion each year in extra taxes. Those with the 'broadest shoulders' will bear the brunt, as the government looks to plug the £22 billion 'black hole' left by the previous administration. So, what does this autumn's tax-heavy Budget mean for you and your finances? Let's look at some of the key announcements and talking points. Non-dom tax status gon

The Labour Party has tabled their first Budget in nearly one and a half decades. The changes  are set to have a big impact on expats, especially those with high net-worths. Below, we take a close look at some key announcements from the Autumn Budget that foreigners working in the UK and British expats should be aware of. Non-dom tax status abolished One of the biggest changes is the abolition of the non-dom tax status, which the chancellor described as an "outdated concept".

It's clear that Donald Trump will assume office for his second term as the US President come 20th January following an overwhelming win in the 5th November election. What's not so evident to many expats and high-net-worth individuals (HNWIs) is what his presidency will spell for the next four years. Here, we slice and dice some of the economic policies and changes that he promised on his campaign trail. Tax cuts and reforms One of the central planks of Trump's economic agenda

If you're thinking about offshore investing, you're not alone. Many expats - especially high-net-worth individuals and retirees - are looking to this option to keep their wealth safe and growing. But what's it all about, and could it work for you, as an expat? First up - What’s offshore investing for expats? Put simply, offshore investing means putting your money to work outside the country where you live. For British expats, this often means investing through places like Lux

Portugal has long been a magnet for expats looking for property investments. The same goes for Golden Visa holders looking for a second home in the country. With its crypto-friendly business environment, you can now buy real estate using Bitcoin and other cryptocurrencies. Here’s a quick rundown of what you need to know. Portugal's crypto-friendly stance Portugal has become an investment haven for crypto investors, thanks to its progressive policies. Tax-friendly environment

British Prime Minister Keir Starmer recently met with German Chancellor Olaf Scholz and European business leaders in a bid to reset UK-EU relations post-BREXIT. The two sides have agreed to work on an ambitious cooperation treaty that’ll primarily cover defence, trade, investment, and more. Here’s what you need to know. A new reset in UK-EU relations Starmer's visit to Berlin, part of a broader European tour, looks to move Britain beyond the fractious EU relations of previous

Retirement planning is no easy walk in the park, but it doesn't have to be complicated. The key to a financially secure retirement often lies in diversifying your income streams. That’s especially true if you’re an expat. Let's talk about ways you can generate more passive income for a comfortable retirement. What is passive income? Passive income is money earned with minimal ongoing effort. Unlike active income from employment, passive income continues to flow even when you

The British pound has reached a two-year high against the US dollar. This surge has caught the eye of investors worldwide, particularly expats with ties to the UK. In this article, we'll break down the key talking points following sterling's gains against the greenback. We'll also cover what expat investors need to know about the strengthening pound and British economy. Sterling's rise: A closer look Sterling rose to $1.3160 in the third week of August, its highest level sinc

The Bank of England (BoE) Monetary Policy Committee voted 5-4 in the first week of August in favour of cutting interest rates. The narrow decision saw interest rates slashed by 25 basis points from a 16-year high to 5%. However, BoE's Governor Andrew Bailey has noted that the central bank will be cautious with its monetary policies and rate cuts in the near future. This decision is likely to stir up various markets, including real estate, stocks, and fixed-interest products.

The US Federal Reserve plans to cut interest rates twice before the end of 2024, first in September and then again in December. This comes on the back of stronger consumer spending, easing inflation, and falling jobless rates. Of course, expats and investors are keen to understand how the rate cuts will play out in the grand scheme. Let's break it down. 1. Impact on bond investors Interest rates and bond prices have an inverse relationship. When the Fed cuts rates, existing b

Loan notes are a popular fixed-interest investment product, offering investors the opportunity to lend money to companies. These notes can be secured, unsecured, traded, or convertible. The convertible variety, often referred to as convertible loan notes (CLNs) or convertible bonds, are a hybrid debt instrument that expat investors ought to understand. Let's get into what they entail. What are Convertible Loan Notes? A convertible loan note is a type of short-term debt that c

When it comes to succession and estate planning, the British royal family can teach us a thing or two about managing wealth and securing a lasting legacy. With centuries of experience in navigating the delicate matters of inheritance and preserving their assets, the royals have mastered the art of effective estate planning. Borrowing from a leaf from the British monarchy’s book, the following strategies can prove invaluable for expats, especially those looking to invest or ma

After Brexit, moving from the UK to Spain as an expat involves several considerations regarding your investment portfolio. Your lifetime ISA, fixed-interest investments like premium bonds, and other UK-based investments may no longer be tax-compliant or recognized in Spain. There are important things and tips you need to keep in mind ahead of your move. UK Investments and Tax Implications Firstly, it's important to understand that UK tax-advantaged investments, such as ISAs a

What is Spanish Wealth Tax? It is an annual tax levied on the total net worth of a person's wealth as of 31st December each year. An individual's net wealth is comprised of all the assets and economic rights owned by him less encumbrances that diminish their value and other allowable deductions such as personal obligations or debts. Wealth tax is a progressive tax which means the higher the wealth, the higher the rate of tax. People with more wealth are going to pay more taxe

On the 5th of November, the American electorate will choose their next president, with the race likely seeing a repeat of the 2020 candidates: Joe Biden and Donald Trump. This rematch, the first in nearly seventy years, comes after a contentious period following the last election, including attempts by Trump's supporters to contest the result. Trump now faces federal charges related to these efforts, among other criminal cases, while Biden's term has been marked by challenges

The concept of diversifying investments is not something new for most investors. This should be a piece of cake on paper, but it's easier said than done. Exchange-traded funds (ETFs) offer a quick route to diversify in a single investment product. Let's take a closer look. What are ETFs and How Do They Work? An ETF is a basket of investment securities that can be traded like a single stock. Most ETFs are designed to track an index, such as FTSE 100 and S&P 500. Some are struc