There is a a conference in English by Blacktower Financial Management Group on May 11th at 11:00 at the Cultural Centre in Calle Granada 45. The conference, entitled ‘your pension in Spain’, will last approximately 90 minutes, after which, wine and tapas will be offered.
This from Blacktower Financial Management Group:
The New Finance Act 2011 has brought more changes to the pension sector; the most notable change is rise on death duty from 35% to 55%. This will come into affect from April this year.
Not many ex-pats are aware of “their rights” when it comes to pensions, whether it be a personal or company scheme that is currently still in the UK. After a change of legislation within the pension sector, all UK ex pats have now the opportunity to move their pensions from the UK to the EU, where all UK tax implications could cease.
This means that an ex-pat living in Spain may have their pension paid to them gross and they even have the choice of their preferred currency, either sterling or euro.
If you still have your pension in the UK, in the event of death, your next of kin will have to pay minimum 35% death duty on your fund before their options commence. As from April this year (2011) this will now increase to 55%.
We have found that our services have been welcomed in Spain for over 10 years, with offices in Alicante, Marbella, Gibraltar, France, Portugal and UK. We are regulated by the FSA in the UK and FSC in Gibraltar, thus giving our clients valuable protection.
Please join our seminar on May 11th at 11am in the Cultural centre, Nerja,
We will discuss:• State pension benefits in Spain.
• How the Finance Act of 2011 will affect you.
• How to make the most when transferring your funds.
The above topics will be presented by Peter Davis, an Independent Pension’s Actuary from the UK.
For more information or to reserve your place, please contact our head office on 952 816 443 / 650397314 or e mail us at [email protected]
BLACKTOWER – YOUR FINANCIAL FREEDOM.
Blacktower Financial management is regulated by the Gibraltar Financial Services Commission, license number 00805B.