Financial planning can save you money

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The EU has agreed new rules which will mean that investors and depositors will be forced to bear losses. We have already seen losses for account holders in the case of Cyprus where many investors had to suffer a “hair cut” and the new rules which will take effect from 2018 will implement a new regime where banks will effectively have to bail themselves out. In the meantime what might happen is anybody’s guess- are you prepared to take the risk? If you would like to speak to one of our certified financial planners on a no obligation basis about your investments and pensions or even tax planning requirements do not hesitate to contact our offices on Tel: 00 34956796911.

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Fiduciary Wealth:

http://www.fiduciarywealth.eu/ 1 Fiduciary Wealth

Fiduciary Wealth:

http://www.fiduciarywealth.eu/ 2 Fiduciary Wealth Time you made a decision to get your house in order and rearrange your financial affairs properly. If you are looking for financial planning or tax planning from a wealth management firm calling us on Tel: 00350956796911 

Fiduciary Wealth:

http://www.fiduciarywealth.eu/ 3 Fiduciary Wealth This time last year you could have been forgiven for thinking that the idea that the Spanish tax authorities would be closing in on expatriates was all a load of nonsense and just an exercise to worry people into taking some action to rectify their tax affairs.

Fiduciary Wealth:

http://www.fiduciarywealth.eu/ 4 Fiduciary Wealth Well since last year a good deal has happened that might well disturb any complacency that might have set in. We have already had a tax amnesty and then the introduction of Modelo 720 both of which by all accounts were spectacularly unsuccessful in trying to flush out the whereabouts of undisclosed offshore assets. Hacienda is not giving up that easily and to counter this apparent non- compliance with regulatory requirements the authorities are now employing several thousand more tax inspectors a large proportion of whom will specifically target UK expats.

Fiduciary Wealth:

http://www.fiduciarywealth.eu/ 5 Fiduciary Wealth However this may not even be necessary as Spain has recently signed an agreement with other EU countries including the UK to share personal financial information regarding its residents and nationals. Furthermore the UK having already agreed an exchange of information with the Channel Islands has also reached out to a number of offshore jurisdictions such as Cayman and BVI to conclude similar arrangements. All of this is happening prior to the likely revision of the EU Savings Directive which is likely to include a much wider range of financial instruments within it’ scope as well as a look through facility for offshore companies and trusts.

Fiduciary Wealth:

http://www.fiduciarywealth.eu/ 6 Fiduciary Wealth You can now have a situation where the expat resident who is beneficiary of an offshore trust holding assets in an offshore bank account could well be reported to Hacienda via the UK authorities without ever knowing where the information came from.

Fiduciary Wealth:

http://www.fiduciarywealth.eu/ 7 Fiduciary Wealth You can now have a situation where the expat resident who is beneficiary of an offshore trust holding assets in an offshore bank account could well be reported to Hacienda via the UK authorities without ever knowing where the information came from.

Fiduciary Wealth:

http://www.fiduciarywealth.eu/ 8 Fiduciary Wealth We have moved into a new area of tax transparency with all governments desperately keen to collect revenue and prove to their counterparts that they are taking the issue of non-disclosure more seriously than their neighbours.

Fiduciary Wealth:

http://www.fiduciarywealth.eu/ 9 Fiduciary Wealth Of course most people will think that this has nothing to do with them and their financial affairs are all perfectly straight forward. That’s great but we also come across a number of people who have chosen to keep their assets “hidden” from the authorities and who think they will be immune to examination or else they just bury their heads in the sand hoping the problem will go away.

Fiduciary Wealth:

http://www.fiduciarywealth.eu/ 10 Fiduciary Wealth Unfortunately we cannot change the past. What we can do however is help you put your affairs in order moving forward so that your assets are not exposed to the risks of non-disclosure and that they are held in a totally transparent way that will not alert the tax authorities.

Fiduciary Wealth:

http://www.fiduciarywealth.eu/ 11 Fiduciary Wealth To discuss the way forward make an appointment to discuss your financial planning or tax planning or investments and pensions with a certified financial planner specialising in wealth management at a location near you. Tel: 0034956796911 or email enquiries@fiduciarywealth.eu .

Fiduciary Wealth:

http://www.fiduciarywealth.eu/ 12 Fiduciary Wealth If you are looking for financial planning or tax planning from a wealth management firm speak to one of our certified financial planners today by calling us on Tel: 00350956796911  or email wealth@fiduciarywealth.eu.Visit  http://www.fiduciarywealth.eu

Contact Us:

http://www.fiduciarywealth.eu/ 13 Contact Us 45 Welbeck Street London W1G 8DZ England Tel: +44 207 998 0570 email enquiries@fiduciarywealth.eu

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