Will You Lose State Pension Indexation With Brexit?
Many British Expats are Living and Retired Abroad in EU countries such as Spain, Portugal, France, Cyprus and Germany and receive indexed annual UK state pensions. This applies to all EU countries, plus EEA countries, Switzerland and Gibraltar.
With EU Brexit this automatic right will be lost. It may be during Brexit that Britain negotiates replacement arrangements, to allow pension indexing to continue
Pension Freedom for Expats - Business or Retired
New Pension Freedom Rules allow Expats to Draw the whole of their UK based pension fund and pay tax in their country of overseas tax residence. This offers potentially large tax savings for Expat Business and Retired people Living and Working Abroad.
You don't have to retire to free your pension, even if living and working abroad, you can still reclaim the pension once you are over 55.
In the UK any Pension fund over £43,000 could generate a UK tax bill of 40% (£17,200)
The freed pension funds can then be invested in any way, cash investments, family business, overseas property, family education, repay loans, enjoy retirement.
ProACT can help free your Pension and reclaim big tax savings up to 40%.
Title Deeds Developers & Reclaiming Immovable Property Tax
Title Deeds, Developers and Reclaiming Immovable Property Tax,
Sam Orgill www.proactpartnership.com How to protect your Cyprus Property Cyprus
In 2015 Big changes allowed buyers to claim title deeds without waiting for developers and their banks to release them. Also banks can reclaim property where mortgages in default. We understand Bank of Cyprus has reprocessed Secret Valley from Aristo developers, illustrating the dangers to property buyers of not securing their title deeds now.
Big changes in 2016 Immovable Property Tax (IMPT) on Cyprus Property mean that tax savings are available for Expats owning Cyprus Property.
Will You Leave In the Way you Want? Or Will Law of Succession Decide for You?
Sam Orgill www.proactpartnership.com How Do You Want To Leave This World ? Laws of Succession and Estates can limit your chooses once your gone
When you make a Will you are setting out how your accumulated processions, assets and wealth are to be passed on and who to. You could create legacies for the good of family down the generations, or through charities that you support. You can also choose your funeral service.
These choice are available during your lifetime, but not always on death. as you wish.
Who Will you Trust? What Control Do You Have? Does EU Brexit Impact?
Read the Full Article What Will You Wish For? Cremation V Burial
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EU Brexit - Can You Trust Laws of Succession for Overseas Property?
Sam Orgill ProACT Partnership examines the impact of EU Laws on Overseas Property Assets in Euroland
In 2015 an EU directive on Laws of Succession became law in all EU countries other than those who opted out - UK Ireland and Denmark. In the first step towards Brexit the UK choose not to give up sovereignty of its national Laws of Succession and hand them over to EU law. Once an EU directive is adopted into law the member state loses sovereignty on that aspect of law, and the 'supreme court' of justice moves to the European Court of Justice in Luxembourg.
EU Laws of Succession
The EU law of Succession is based upon on EU traditions dating back to the Romans: the principle being assets pass to blood relatives. This distribution to relatives is fixed and means that trusts, charities, friends, unmarried partners, step children and children born out of wedlock can lose out.
UK law of succession allows each person to make a Will and leave benefits to people they choose, irrespective of the blood connection, marriage. There are rules for distribution of an estate if you die and do not leave a WIll.
This could be a great cause of concern to Expats owning Overseas Property in the EU.
EU Brexit - Living Abroad With Currency Ups and Downs
Sam ORGILL of ProACT Partnership goes with the flow - Living Abroad With Currency Ups and Downs
If you must change currency today you could lose out. So take a long term view. If you are an Expat and have assets in different currencies then take a balanced view.
I will use GBP and EURO to compare on this article.
BALANCED CURRENCY RISK
Most expats living and working abroad have overseas property, savings, pensions and maybe business or loans.
What is the total value? Of Income and of Capital ? What proportion is in the home currency and foreign currency?
Stay Calm Exchange Rates : EU Brexit for Expats
Stay Calm and Carry On Exchanging Currency
Forget the headlines. Exchange rates go up and down but on average they don't change much.
Do not let the headlines scare you. A headline exchange rate GBP : EURO of 1.20 exchange rate is in line with exchange rates between 2012 / 13 / 14.
This rate is better than 2009 / 10 / 11.
EU Brexit for Expats - No Change Today Though the Love Has gone Away
Sam Orgill ProACT PArtnership Expatriate Advice on What is the Same Today
If we look back 100 years, the Austro-Hungarian Empire still existed, and a Tsar was Empire of Russia. Before 1908 you got on your horse, there were no motor cars for the masses, this modern necessity only arrived with the Ford model T introduced that year. Powered flight started in this period. Freedom of movement meant that people were no longer tied to live and work within walking distance. Much has changed over the last 100 years in security, trade, lifestyle and politics. We are still here, and better off.
The rules will change for the UK and EU whether Brexit Lite or Brexit Full emerges in the coming years. What we know today is:
1. Nothing changes today for Expats Living and Working Abroad – in the UK or in the EU.
2. UK is legally bound within the EU law, these will protect the rights of expats
3. Change is inevitable for EU Expats whatever happens.
