Guidelines for submitting articles to La Torre Golf Resort Today
Hello, and thank you for choosing La Torre Today.com to publicise your organisation’s info or event.
La Torre Golf Resort Today is a website set up by Murcia Today specifically for residents of the urbanisation in Southwest Murcia, providing news and information on what’s happening in the local area, which is the largest English-speaking expat area in the Region of Murcia.
When submitting text to be included on La Torre Golf Resort Today, please abide by the following guidelines so we can upload your article as swiftly as possible:
Send an email to editor@spaintodayonline.com or contact@murciatoday.com
Attach the information in a Word Document or Google Doc
Include all relevant points, including:
Who is the organisation running the event?
Where is it happening?
When?
How much does it cost?
Is it necessary to book beforehand, or can people just show up on the day?
…but try not to exceed 300 words
Also attach a photo to illustrate your article, no more than 100kb
PROPERTY SEARCH
article_detail
Date Published: 17/05/2024
Tax-efficient investing in Spain: A guide to maximising your wealth
Make the most of your investments in Spain with professional advice
by Keith Littlewood, Blacktower Financial Management
Investing in Spain offers a unique blend of opportunities and challenges, particularly when considering the tax implications of your investments. At Blacktower Financial Management, we understand that navigating the complexities of tax-efficient investing is crucial for maximising your financial growth and protecting your wealth. Spain's tax system, with its regional variations, requires a nuanced approach to investment to ensure that you are not only compliant with local laws but also making the most of available tax benefits.
Pension schemes and tax benefits
For expatriates and locals alike, Spain offers various tax-efficient investment vehicles that can significantly enhance the performance of your portfolio. One key strategy involves utilising pension schemes recognised for their tax efficiency. Contributions to these schemes can often be deducted from your taxable income, offering immediate tax relief, while the investment growth within these pensions is typically tax-free.
Investment bonds and property investment
Another aspect to consider is the use of investment bonds. In Spain, these can be structured in a way that defers taxation until you withdraw funds, potentially allowing for a more favourable tax treatment compared to direct investment income, which might be taxed at a higher rate. By carefully selecting the right investment bonds, you can manage when and how much tax you pay, aligning it with periods where your tax rate may be lower, such as during retirement.
Property investment in Spain also offers tax advantages, especially when considering the potential for rental income and capital gains. However, it's important to be aware of the local and national taxes that apply to property ownership and rental income, as well as the potential tax deductions available for property-related expenses. Strategic planning and timing of property sales can further enhance the tax efficiency of your real estate investments.
A comprehensive financial strategy
At Blacktower, we emphasise the importance of a comprehensive approach to investing in Spain, one that considers all aspects of your financial situation. This includes not only optimising your investments for tax purposes but also ensuring they align with your broader financial goals and risk tolerance. Our team of experts is dedicated to providing personalised advice, helping you navigate the Spanish tax system and identifying opportunities to grow your wealth in a tax-efficient manner.
Seek expert guidance for your investment journey
Investing in Spain, with its attractive lifestyle and investment opportunities, can be highly rewarding. By focusing on tax-efficient strategies and seeking professional guidance, you can ensure that your investments work as hard as you do, paving the way for a secure and prosperous financial future. Contact Blacktower Financial Management today for personalised advice on making the most of your investments in Spain.
The local Blacktower address is:
120 Avenida Dr. Artero Guirao 2C. San Pedro Del Pinatar, 30740, Murcia, Spain.
If you want more information or wish to make an appointment to discuss your own situation then call 0034 657 684 094 or email keith.littlewood@blacktowerfm.com
Blacktower Insurance Agents and Advisors Limited is authorised and regulated by the Cyprus Insurance Companies Control Service (ICCS) under Licence number 5101. Blacktower Financial Management (Cyprus) Limited is licensed and regulated by the Cyprus Securities &Exchange Commission (“CySEC”) with Licence number 386/20.
This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.
article_detail
Address
120 Avenida Dr. Artero Guirao 2C. San Pedro Del Pinatar, 30740, Murcia, Spain.
I have been a Qualified Financial Adviser for almost 35 years now. 25 years in the UK for major institutions such as Natwest, RBS and Royal London. I have been in Spain giving expats financial advice now for 10 years and it is quite remarkable the different approaches as well as advice that is required for an expat now living in Spain. Blacktower is a company that has specialised in providing the best solutions for its clients living outside the UK for 30 years also.
The currency issue is always high on the agenda and a discussion for the long term future has to be taken onto account. Questions like What will happen if one partner dies? Will the other remain in Spain? What about other family members? What Inheritance tax provisions do you have in place? The list goes on and on.
Existing portfolio’s and investments that were the mainstay of portfolios in the UK may now be obsolete. An example of this is quite often tax efficient products in the UK like ISA’s and previously held TESSA’s PEP’s actually have low growth rates and provide no tax advantage to a Spanish fiscal resident.
Existing Pension holdings either paid by the state or private pensions built up through working lifetimes are topics that have to be covered. Many expats have lots of small pensions from many ex employers and can be confused by the communications and administration in dealing with them. At Blacktower we specialise in advising on how to consolidate and bring all these pensions together in one place.
Bank accounts and investments in Spain always bring up lots of questions too. Quite often the small print associated with financial products in Spain is in Spanish this can make it very difficult even if you have a good grasp of the language. Understanding Jargon in English is sometime difficult enough. I provide clear easy to understand letters and documents in English so that you fully understand any terms and conditions before making a decision.
Advice on tax efficiency is just as important and offering good returns. There are products available exclusively for Spanish expats that can provide invaluable benefits. Having a good base knowledge of the tax implications both now and in the future is an essential ingredient to making a sound decision.
I will complete a thorough factfind, ask you the right questions, establish your individual needs, attitude to risk and capacity for loss and desired returns before providing you with a full written report of advice and my recommendations in plain English. You will then have time to read and consider all the information before contacting me with how you wish to proceed.
The above information was correct at the time of preparation and does not constitute investment advice and you should seek advice from a professional adviser before embarking on any financial planning activity.
Blacktower Financial Management (Int) Ltd is licensed in Gibraltar by the Financial Services Commission (FSC) and is registered with both the DGS and CNMV in Spain
article_detail
To be listed on the CAMPOSOL TODAY MAP please call +34 .
To be listed on the CONDADO TODAY MAP please call +34 .
Guidelines for submitting articles to Camposol Today
Hello, and thank you for choosing CamposolToday.com to publicise your organisation’s info or event.
Camposol Today is a website set up by Murcia Today specifically for residents of the urbanisation in Southwest Murcia, providing news and information on what’s happening in the local area, which is the largest English-speaking expat area in the Region of Murcia.
When submitting text to be included on Camposol Today, please abide by the following guidelines so we can upload your article as swiftly as possible:
Send an email to editor@camposoltoday.com or contact@murciatoday.com
Attach the information in a Word Document or Google Doc
Include all relevant points, including:
Who is the organisation running the event?
Where is it happening?
When?
How much does it cost?
Is it necessary to book beforehand, or can people just show up on the day?
…but try not to exceed 300 words
Also attach a photo to illustrate your article, no more than 100kb
I have been a Qualified Financial Adviser for almost 35 years now. 25 years in the UK for major institutions such as Natwest, RBS and Royal London. I have been in Spain giving expats financial advice now for 10 years and it is quite remarkable the different approaches as well as advice that is required for an expat now living in Spain. Blacktower is a company that has specialised in providing the best solutions for its clients living outside the UK for 30 years also.
Existing portfolio’s and investments that were the mainstay of portfolios in the UK may now be obsolete. An example of this is quite often tax efficient products in the UK like ISA’s and previously held TESSA’s PEP’s actually have low growth rates and provide no tax advantage to a Spanish fiscal resident.
Bank accounts and investments in Spain always bring up lots of questions too. Quite often the small print associated with financial products in Spain is in Spanish this can make it very difficult even if you have a good grasp of the language. Understanding Jargon in English is sometime difficult enough. I provide clear easy to understand letters and documents in English so that you fully understand any terms and conditions before making a decision.
I will complete a thorough factfind, ask you the right questions, establish your individual needs, attitude to risk and capacity for loss and desired returns before providing you with a full written report of advice and my recommendations in plain English. You will then have time to read and consider all the information before contacting me with how you wish to proceed.
