Are Your Savings Still In The UK?

many people who have moved to Spain do not want to bring all their savings and investments with them to this country. Spanish banks do not have a great track record and then there is currency question – Sterling or convert to euros?

one of the main problems with keeping your money in the UK, is a lack of adviser to keep an eye on your investments and switch funds when the need arises. Your UK financial adviser should not continue to work on your behalf if you are living as a Spanish tax resident.

another problem is that UK based savings like iSa’s, premium Bonds and other nS&i products are not suitable for Spanish residents. as a Spanish tax resident there are a number or products offered by some of the worlds’ largest financial institutions specifically tailored to meet your investment needs. indeed, one such provider, prudential international, have a Spanish tax compliant savings bond that outperforms the UK equivalent simply because of the taxation treatment. here at Seagate Wealth we understand that many ex-pats do not wish to bring their money to Spain and for that reason we work with a number of product providers to ensure their money works as hard as possible with minimum risk. the prudential savings bond offers clients a way to grow their money virtually tax-free, with no need to report on their annual tax return or the modelo 720. the other major benefit is the money is not held here in Spain, but in the republic of ireland. the Seagate team has a wealth of experience in providing advice on all aspects of savings and investment options. if you have an investment, but no adviser, we can help to get your portfolio back on track.

For a free no-obligation chat with a UK qualified adviser, call 965 704 338 or email: contact@seagatewealth.es