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How safe is my cash?

By Pauline Bowden - Topics: Spain
This article is published on: 17th February 2021

17.02.21

Many people view cash as a safe investment because they’re not exposing their money to any direct stock-market risk. However, tying up too much of your savings in cash doesn’t mean you are risk free. Low interest rates: Interest rates are at historically low levels.

This is not good news for savers. That’s because the interest is unlikely to grow their money enough to help them achieve their financial goals. Then there’s the effect of inflation. Inflation erosion: Whilst inflation is at such a low level, you may think to yourself why should this matter? When it comes to your longer term investment plans, typically 5-10 years, you should consider how much the price of goods has risen over the last five years. If the cost of goods has risen, for example 1%-3% a year, and the interest rates continue to be low, it becomes clear how the purchasing power of cash savings may actually fall over time.

What are savers looking to do with their cash?
If you’re sitting on too much cash, either in your bank account or your investment portfolio, you could be missing out by not being fully invested. Tax efficient investments, compliant in Spain may be your answer to a diverse investment portfolio.

Cash is no longer the safe haven people once considered it to be, for long term investment. While it’s important as part of your financial plans, having too much could mean your money isn’t working as hard as it could, meaning that you may not realise your financial goals. Everyone should have a cash buffer in case of emergencies, but it’s important to get the right balance between your short- and long-term plans. This is where professional advice becomes invaluable.

Speaking to a financial adviser will help you to identify the most suitable way for you to make the most of your cash. Together you’ll be able to define your aims as well as formulate a personalised plan.

Claiming your UK State Pension whilst living in Spain/EEA

By Chris Burke - Topics: Pensions, Spain, UK Pensions
This article is published on: 16th February 2021

16.02.21

Perhaps the most common questions I have been receiving since Brexit was agreed are in respect of UK State Pensions, particularly how it will work moving forward having contributed to the UK social security pension system:

  • What is my entitlement and how will UK nationals be able to claim their state pensions moving forward after Brexit?
  • What age can I start claiming (different EU countries have different age limits)?
  • How are these state pension calculations achieved?

Well, this should give you some clarity
First things first, to receive a Spanish state pension, you need at least 15 contributing years (combined years from any EU country) to be entitled to a minimum pension which will amount to 50% of the ´base reguladora´ (for Autonomos) or minimum state pension for employees, based on your past wages. At least 2 contributing years need to be within the period of 15 years leading up to your legal pension age. If you do not qualify for this, you should go directly to each country you have contributed to previously and see if you qualify from them.

Before the UK joined the EU, you would claim your state pensions from each country individually. Once we joined the EU and if you lived and contributed social security payments there, you would contact the relevant department of the country you were residing in i.e. worked and paid taxes in that country. They would then claim ALL your state pensions throughout the EU system. Under the Withdrawal Agreement for Brexit, this system has remained in place for both existing and new residents:

final salary pension review

‘The EU-UK Trade and Co-operation Agreement announced on 24 December 2020 includes a protocol on social security co-ordination. UK government guidance on the rights of UK nationals in the EU, EEA or Switzerland to UK benefits and pensions from 1 January 2021, states:

UK State Pension
You can carry on receiving your UK State Pension if you move to live in the EU, EEA or Switzerland and you can still claim your UK State Pension from these countries.
Your UK State Pension will be increased each year in the EU in line with the rate paid in the UK.

You can also count relevant social security contributions made in EU countries to meet the qualifying conditions for a UK State Pension.

This guidance is for UK nationals; however these rules on the State Pension apply to everyone regardless of your nationality and regardless of when you moved. (Gov.UK Benefits and pensions for UK nationals in the EEA and Switzerland, 24 December 2020).
(source – house of commons library)

Never worked in Spain or paid social security there?
You claim directly from the UK here www.gov.uk/state-pension-if-you-retire-abroad

retire

Differences in retirement ages
In some EU countries, you will have to wait longer to start drawing your pension than in others.

You can only receive your pension from the country where you now live (or last worked) once you have reached the legal retirement age in that country. If you have accumulated pension rights in other countries, you will only receive those parts of your pension once you have reached the legal retirement age in those countries.

So, it’s important to find out in advance, from all the countries where you have worked, what your situation will be if you change the date on which you start receiving your pension.
If you take one pension earlier than the other, it might affect the amounts you receive.

You can get more advice from the relevant authority in the country where you live and/or in the countries where you worked. Find out about the retirement ages and pension systems in the different EU countries you have contributed.

What age can you start claiming the state pension in Spain?
Currently 66 years, increasing by 1 & ½ months per year, until it reaches 67 in 2027.
(source trading economics)

How many years do I need to contribute for a full Spanish state pension?
36 years in general (35 for most people in the UK)

How is your state pension calculated?
Pension authorities in each EU country you’ve worked in will look at the contributions you’ve paid into their system, how much you’ve paid in other countries, and for how long you’ve worked in different countries.

The EU-equivalent rate
Each pension authority will calculate the part of the pension it should pay taking into account periods completed in all EU countries.

To do so, it will add together the periods you completed in all EU countries and work out how much pension you would get had you contributed into its own scheme over the entire time (called the theoretical amount).

This amount will then be adjusted to reflect the actual time you were covered in that country (called the pro-rata benefit).

The national rate
If you meet the conditions for entitlement to a national pension irrespective of any periods completed in other countries, the pension authority will also calculate the national pension (known as an independent benefit).

Pensions health check

Result
The national authority will then compare the pro-rata benefit and the independent benefit; you will receive whichever is higher from that EU country.

Each country’s decision on your claim will be explained in a special note you will receive, the P1 form.

See the below example of how this would work:
Dalila worked for 20 years in France and 10 years in Spain.
Both countries apply a minimum period of 15 years of work in order to have the right to a pension. Each country will calculate Dalila’s pension:
The French authority will make a double calculation:
• It will calculate Dalila’s national pension for the 20 years worked in France – let’s say EUR 800.
• It will also calculate a theoretical amount, the pension Dalila would have had if she had worked the full 30 years in France – let’s say EUR 1 500. Then, it will determine the pro-rata pension, which is the part of this amount that should be paid for the years worked in France: 1 500×20 years in France/30 years in total= EUR 1 000.

Dalila is entitled to the higher amount — EUR 1 000 a month.

The Spanish authority will not calculate the national pension because Dalila has worked in Spain less than the minimum period required. It will only calculate the EU-equivalent rate starting with the theoretical amount, the pension Dalila would have had if she had worked all the 30 years in Spain – let’s say EUR 1 200.

Then, it will determine the pro-rata pension – the part of this amount which should be paid for the years worked in Spain: 1200×10 years in Spain/30 years in total= EUR 400.
In the end, Dalila will receive a pension of EUR 1 400.
(source – Europa.eu – official website of the European Union)

State Pensions After BREXIT

Here is the official UK government wording on the continuation of Social Security Coordination between the UK & EU from Brexit:
“The provisions in the Protocol on Social Security Coordination will ensure that individuals who move between the UK and the EU in the future will have their social security position in respect of certain important benefits protected.

Individuals will be able to have access to a range of social security benefits, including reciprocal healthcare cover and an uprated state pension.

Article 114. This Protocol supports business and trade by ensuring that cross border workers and their employers are only liable to pay social security contributions in one state at a time. Generally, this will be in the country where work is undertaken, irrespective of whether the worker resides within the EU or the UK, or indeed whether the employer is based in the EU or the UK.

Article 115. UK workers who are sent by their employer to work temporarily in an EU Member State which has agreed to apply the “detached worker” rules will remain liable to only pay social security contributions in the UK for the period of work in that EU Member State. Similarly, if an EU worker is sent by their employer to work temporarily in the UK from a Member State which has agreed to apply the “detached worker” rules, they will remain liable to only pay contributions in that EU Member State.

116. Under the Protocol, the UK and EU Member States will be able to take into account relevant contributions paid into each other’s social security systems, or relevant periods of work or residence, by individuals for determining entitlement to a state pension and to a range of benefits. This will provide a good level of protection for people working in the UK and EU Member States. The Protocol also provides for the uprating of the UK State Pension paid to pensioners who retire to the EU.

117. On healthcare, where the UK or an EU Member State is responsible for the healthcare of an individual, they will be entitled to reciprocal healthcare cover. This includes certain categories of cross-border workers and state pensioners who retire to the UK or to the EU.

118. In addition, the Protocol will ensure necessary healthcare provisions – akin to those provided by the European Health Insurance Card (EHIC) scheme – continue. This means individuals who are temporarily staying in another country, for example a UK national who is in an EU Member State for a holiday, will have their necessary healthcare needs met for the period of their stay. 119. The Protocol also protects the ability of individuals to seek authorisation to receive planned medical treatment in the

(source – UK government summary annex – UK-EU TRADE AND COOPERATION AGREEMENT Summary December 2020)

If you would like help talking this through, or making sure your financial assets are tax efficient, working for you in a safe manner adapting to the world as it changes, don’t hesitate to get in touch.

Prochaines échéances fiscales et guide 2021 des impôts en Espagne

By Cedric Privat - Topics: Modelo 720, Spain
This article is published on: 15th February 2021

15.02.21

Que vous viviez en Espagne depuis de nombreuses années ou que vous soyez un nouvel arrivant, vous êtes soumis à certaines déclarations obligatoires et devriez donc être concernés par une ou plusieurs échéances listées ci-dessous.

Ces dates sont inchangées depuis plusieurs années et devraient le rester.

Modelo 720

Modelo 720

Déclaration informative mais obligatoire sur les biens et avoirs à l’étranger. Vous devez présenter ce Modelo 720 si la somme de vos actifs est supérieure à 50 000€ dans une ou plusieurs des trois catégories:

  • Comptes bancaires situés à l’étranger
  • Titres, droits, assurances-vie et placements gérés ou acquis à l’étranger
  • Biens immobiliers et droits sur les biens immobiliers à l’étranger

Les années suivantes, il n’est demandé de représenter le Modelo 720 qu’en cas d’augmentation de plus de 20 000€ par rapport au capital initialement déclaré.

Des sanctions sont possibles en cas de non respect de cette déclaration.

À déposer avant le 31 mars.

Saving in Spain, ISA, Tax Free Saving in Spain

Déclaration De La Renta

La déclaration d’impôt se fait entre les mois d’avril et juin. Vous pouvez soit l’effectuer directement sur internet, soit prendre rendez-vous avec un

conseiller du Trésor Public (Hacienda), soit léguer cette tâche à un “gestor” (conseiller fiscal).

L’année fiscale en Espagne va de janvier à décembre, vous déclarez donc vos revenus de l’année précédente.

En Espagne les impôts étant prélevés à la source, Agencia Tributaria n’effectuera qu’une vérification. Dans la plupart des cas, vous ne paierez pas de supplément.

À déposer avant le 30 juin.

What is the point of having money?

Impuesto Sobre El Patrimonio (Catalogne)

Impôt sur le patrimoine: cette déclaration est obligatoire si votre patrimoine brut (sans déduction

des dettes) est supérieur à 2 000 000€ ou votre patrimoine net supérieur à 500 000€.

La résidence principale est exonérée jusqu’à 300 000€.

À déposer également avant le 30 juin.

Afin de vous aider à mieux comprendre la fiscalité en Espagne, Spectrum a créé le “Guide des impôts en Espagne 2021” (document en anglais).

Ce guide vous aidera à comprendre les règles de résidence fiscale locale et les impôts sur le revenu, les successions, les investissements, la propriété et les retraites.

Vous pouvez librement télécharger ce document sur notre site et dans le même temps, si vous le désirez, vous abonner à ma newsletter “actualités financières et fiscales en Espagne”.

www.spectrum-ifa.com/cedric-privat/spanish-tax-guide-cedric-privat

Je reste à votre disposition pour vous apporter des informations complémentaires.

New Spanish bank charges post-Brexit

By John Hayward - Topics: Bank Charges, Spain
This article is published on: 11th February 2021

11.02.21

If you bank with Sabadell, you may well have noticed that they are charging you for transfers in and out of your account. Although you may have an account that didn´t attract changes before Brexit, it could do now. When approached by a client of mine, who has a Premium account with Sabadell, their response was, and I paraphrase “because we can”, using the Bank of Spain rule book to justify the charges. It is because the UK is no longer in the EU. It appears that these charges are being applied to ad hoc transfers as opposed to regular payments such as pensions.

I have heard of other instances where transfers have been made from the UK using a currency exchange company. Currencies Direct, for example, have stated that they will cover the charges made by banks as they feel that it is incorrect and goes against the SEPA (Single Euro Payments Area) agreement, challenging the actions of the banks.

Solutions

  1. Close the account with Sabadell. (This is probably not convenient for many)
  2. Tell Sabadell that you will close the account if they continue to charge. (You will probably not get too much of a reaction to this one)
  3. Instead of transferring money as and when required, which is something many people do, set up a regular payment.
  4. Make transfers via companies where you can have an account in GBP and another in Euros. When the money is received or paid by Sabadell in Euros, from or to an EU based account, they do not charge.

I understand that other banks are also making charges when they did not before Brexit, so check with your bank. You do not have to just accept what they are doing.

Cash is King?

By John Hayward - Topics: Investments, Spain
This article is published on: 10th February 2021

10.02.21

What are investors doing with their cash?
Last year, Quilter, a British multinational wealth management company, conducted research* with 2,000 UK investors. The Covid-19 pandemic has provided many investors the opportunity to save more than they were before. However, many are either choosing to lock this money in a bank account or are waiting for what they believe is the ‘right’ time to invest in markets. But when is the right time to invest?

The research also found that most of those surveyed don’t understand the potential risks that having too much of their savings tied up in cash can have on their financial plans over the long term.

More recently, Quilter reached out to a sample of their international customers and found that the very same sentiment was shared by them. Many investors are sitting on cash that is not necessarily working for them and they could be missing out by being too cautious with their money.

Prudential have reported that, according to the Bank of England 28% of households have seen savings increase in 2020. That could mean they have a cash pile sitting unproductively earning minimal interest.

We understand that people are concerned about the future, even more so now with Covid-19 in play, but we also know that interest rates are likely to stay low for the foreseeable future whereas as inflation remains in the background. Many were waiting (years) for Brexit to go through and then Covid-19 came along and now they are waiting for this to go away before taking action with their money. In the meantime, the value of their cash has gradually reduced whilst those invested have seen the benefit of being so.

Here is a link to Prudential’s Investing for Beginners for those who are would like to know more about some investment basics and we can provide additional guidance.

Investing for Beginners | How to Start Investing | Prudential

There are many articles which call themselves ‘Investing for beginners’ but maybe a better place to start is to simply understand the ‘point’ of investing. Why could it be a good idea? Why should you consider it?

To find out how we can help you decide how best to plan for your current needs and those of the future, contact me today.

Is it necessary to have a Spanish will and a British will?

By John Hayward - Topics: Spain, Spanish will, Wills
This article is published on: 9th February 2021

09.02.21

Dying without a will can have serious consequences for the people you care about, making it hard (or even impossible) for them to claim what is due to them. Even with a will there may not be enough detail as to what assets the deceased had, which is why it is vital to have to have a separate list of all your property including bank accounts and investments, as well as details for key contacts (lawyer, accountant, financial adviser).

Now we are talking about two different countries with two different sets of probate law and two different languages. Although you may hear of “international” wills, the fact is that there could be conflict with one will trying to deal with, effectively, two different estates.

What tends to put people off making a will is:
a) Writing a will makes the certainty of death even more so
b) Cost

If the cost is a problem (around €200 for Spanish will and £200 for an English will), it is important to think of the subsequent costs, inconvenience, trauma, and potential loss of assets, by not making a will. It is generally considered wise to have a Spanish will to cover Spanish property and a British will to look after everything else.

We can help you deal with both types of will and save those who you wish to benefit a whole lot of problems.

*Note that England and Wales, Northern Ireland, and Scotland have different processes

Domicile re-visited – has Brexit had an impact?

By John Lansley - Topics: Domicile, Spain
This article is published on: 8th February 2021

08.02.21

This article is aimed at those living in Andalucia, but also applies to the rest of Spain and further afield.

UK domicile has always been a rather difficult topic, but, as it determines whether UK Inheritance Tax (IHT) will apply to your estate or not, it has always been important to understand how it works, especially since Brexit.

Inheritance Tax in Andalucia provides much more generous exemptions. So, is it a matter of choice? Are you able to choose which Inheritance Tax regime applies to you?

Domicile
Firstly, some ground rules. As far as the UK HMRC are concerned, if you were born in the UK, the probability is that you will have a UK domicile of origin. Unless this changes, at your death your estate will be exposed to UK IHT, and this applies to your assets anywhere in the world.

If you are not domiciled in the UK, only UK assets will be subject to IHT. So, straightaway, it’s clear there can be a huge advantage in not being UK domiciled.

Example
For example, imagine someone who lives in Andalucia and is tax resident there, owns a house in the UK worth £300,000 and has £300,000 worth of assets outside the UK. If UK domiciled at death, his estate would face a bill of £110,000*. If domiciled outside the UK, the UK IHT tax bill would be zero.

So, on the face of it, losing his UK domicile would make sense as it would save his heirs £110,000 (don’t forget Spanish Inheritance Tax! See below). But is it as simple as that?

Can I change my domicile?
Changing domicile is very difficult in practice. In the old-fashioned sense of emigrating to another country, where all UK links were severed and new ones established with your new home country, you might easily acquire a domicile of choice elsewhere. However, these days, when moving to Spain or France, or another country close to ‘home’, it is not so easy – for example, retaining a property in the UK, having UK investments and income sources, and even writing your Will under English Law, can all demonstrate that you have not sufficiently severed your links and acquired a new domicile.

Intentions
Beyond simple facts such as these, domicile also hinges on intentions. So, someone who moves to Spain and vows never to return stands a better chance of losing UK domicile than someone who is pretty sure that, when poor health and family pressure become significant, a return to the UK is almost certainly going to happen.

Inheritance Tax in Spain
Spain’s Inheritance regime is different to the UK, in that it applies to those who die in Spain and also to assets situated in Spain. It is the recipient of an inheritance who pays the tax, and the amount depends upon the relationship between beneficiary and deceased.

As mentioned above, Andalucia’s Inheritance Tax rules are very generous, and an estate of the same size (ie, £600,000 or equivalent) located in Andalucia could attract no tax at all, if all the assets are left to the deceased’s children, for example, but a more distant beneficiary, or an unconnected person, would likely see tax having to be paid. Other Spanish regions are not so generous and bigger bills would ensue, as would be the case in many other countries, so it pays to check carefully.

Brexit

Brexit
So, has Brexit had any effect on this? Not in terms of UK and other Inheritance Tax laws themselves, nor Wills, but perhaps in the sense that your thoughts about moving back to the UK in later years might have been changed, especially if you have a non-UK spouse (due to the tough new income requirements in such cases). Or you might have UK assets that fall foul of various rule changes, and you need to consider making changes which could have an impact on your domicile, for better or for worse.

Loss of freedom of movement
If you have spent a lot of time in Spain in recent years, perhaps had a ‘foot in both camps’, and enjoyed the freedom of being able to come and go as you please, the recent realisation that you need to be rather more specific about which country you are based in might have meant looking closely at such things as where you pay tax, healthcare access, Wills, driving licences, bank accounts and other investments, and many more. Domicile and Inheritance Tax exposure in both the UK and Spain should have been part of the review because a wrong decision could prove costly.

Equally, if you left the UK after 31 December 2020, or considering doing so, you might find that the requirements for residence in Spain are too much of a hurdle and your intentions of remaining in Spain indefinitely (and saying goodbye to UK tax concerns) have had to be shelved and replaced with the alternative of spending much less time in Spain each year, with the resultant impact on domicile and UK IHT liabilities.

Wills
Don’t forget that your Will is an integral part of domicile and Inheritance Taxes planning in both Spain and the UK. Now is a very good time to consider whether yours needs to be updated.

So, as always, it’s vital to obtain proper professional advice, and this is a subject that, while perhaps not affecting you personally, could have a tremendous impact on the long term wealth of your family. Brexit has generated a number of less than obvious changes – domicile isn’t an obvious one, but it is certainly something that should be given careful thought.

*NB other exemptions and reliefs are available that might reduce the liability.

Document pour mieux préparer son décès

By Spectrum IFA - Topics: Spain
This article is published on: 4th February 2021

04.02.21

Document pour mieux préparer son décès

Benjamin Franklin disait: “En ce monde rien n’est certain, à part la mort et les impôts.” Cette réflexion peut paraître pessimiste mais elle est néanmoins réaliste.

En ce début d’année 2021, nul besoin d’alimenter la morosité ambiante; et pourtant, n’oublions pas la réalité.

Personne ne souhaite laisser ses proches dans l’embarras lorsqu’il ou elle viendra à partir (le plus tard possible!). Alors quelque soit votre âge, pourquoi ne pas anticiper et faire en sorte de ne pas ajouter au deuil des vôtres des complications administratives qui pourraient être facilement évitées?

Afin de vous y aider, Spectrum a créé un document récapitulatif (pdf à remplir) regroupant l’ensemble des informations relatives à votre situation actuelle. Il résume vos données personnelles, fiscales, financières, vos contacts, vos mots de passe, vos assurances, vos factures à résilier, etc.

Il vous suffira ensuite d’envoyer ce document à une ou plusieurs personnes de confiance (conjoint, enfant, avocat, notaire, “gestor”, conseiller financier, à qui bon vous semble) qui se chargeront de le conserver en lieu sûr.

Financial Advisers in spain

Vous pouvez librement télécharger ce document sur notre site et dans le même temps, si vous le désirez, vous abonner à notre newsletter “actualités financières et fiscales en Espagne”.

     

    The Spectrum IFA Group is committed to building long term client relationships. This form collects your name and contact details so we can contact you about this specific enquiry. For further information, please see our Privacy Policy.

    Currency Exchange and the benefits of using a specialist provider

    By Spectrum IFA - Topics: Currencies, currency fluctuations, France, Spain
    This article is published on: 2nd February 2021

    02.02.21

    Relying on a bank to transfer currency is an expensive option. Currency transfer specialists provide competitive terms, secure, swift transactions and a range of other benefits including regular payments, forward contracts and rate tracking alerts.

    At The Spectrum IFA Group we work with Smart Currency Exchange to deliver the best possible rates, service and support for our clients.

    Whilst nobody can predict exchange rate direction, the relative strength (or weakness) of the euro is relevant for most of us. I attached a weblink to Smart’s 2021 quarterly currencies forecast.

    Smart Currency Exchange
    Quarterly Forecast 2021

    A historic Presidential election, Brexit deal and global pandemic sent currencies in directions that no one could have predicted in 2020.

    Does that mean matters will settle down in 2021? We wouldn’t suggest you bet your transfers, your property budget and your future plans on that!

    Fresh uncertainties for the year ahead bring new challenges for economies – and currencies – too. So, predicting the pound’s movements accurately can be a near-impossible task – even for the major banks.

    I invite you to read this quarter’s currency forecasts, but with a strong suggestion that you do not base any decisions on them. Predictions for GBP/EUR range between 1.06 and 1.28 over the next 12 months!

    Smart Currency Exchange

    What’s in your Quarterly Forecast?

    Post-Brexit special – what happens now?
    Looking to buy a property overseas this year? What do you need to consider in a post-Brexit world? Our resources section can help.

    New and improved tables and charts
    How are economies coping in the midst of the pandemic? Our new charts and tables offer a deeper insight.

    Expert analysis sections
    Smart’s Senior Risk Management Analyst offers his insight and opinion – do you agree with him?

    Your next move?
    In this climate of uncertainty, how should you plan for the future?

    For any further information on currency exchange, please contact your local adviser or please send an email to: info@spectrum-ifa.com

    Financial Advisers in France
    Financial Advisers in spain
    Smart Currency Exchange

    Financial and Retirement Planning – Cash flow Modelling

    By Chris Burke - Topics: Cash Flow Planning, Financial Planning, Pensions, Saving, Spain
    This article is published on: 2nd February 2021

    02.02.21

    Many people seek financial advice, or financial planning, but if you asked them what they would like to get out of it, most people would probably say clarity on their finances, planning how to make their monies work and to have what they need in retirement, or partial retirement. Only 45% of people in Spain save into private pensions, and now with the government reducing the amount you can save that way tax efficiently, retirement planning is even more important.

    Most financial advisers will look at your assets, see what you are doing, talk through why, then recommend a product to improve what you are doing. There is nothing wrong with that, in fact that is part of what we do, however this isn’t really giving people what they hoped to get out of the meetings/talks.

    A key part of helping people with their finances, as well as making their monies work, is real life planning of what they have now, what their goals are and showing them how to get there. People take in and understand much more visually, as most of us know; in fact 65% of us are visual learners. That’s why it’s important that when planning your finances you consider using a visual modelling system that shows your monies, what they are doing, future monies potentially coming in, and if you save ‘X’ amount into a pension/property/investment this will be the outcome. For example, which of the below would you prefer to see as your advice?

    ‘We recommend you place your €50,000 with ‘X’ company, and over the years achieving ‘X’ % return. Also, save ‘X’ a month in a savings program and both of these at retirement will give you ‘X’

    OR TRY THIS…

    Cash Flow Chris Burke
    Cash Flow Chris Burke

    What it really comes down to is the expertise of the planning, the knowledge of the financial adviser with whom you are working, and how much is actually put into planning your finances, rather than just making what monies you have work.

    This is just one example why I/we at Spectrum stand out as excellent professional financial advisers and planners, if you would like to seriously start planning your retirement and investments or review what you are doing now, don’t hesitate to get in touch, or sign up to my Newsletter below to keep well informed.

    Chris Burke newsletter