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Italy Offers Tax Free Haven for Wealthy Britons Seeking Brexit Escape
In an attempt to entice wealthy individuals to part with their cash on the Italian peninsular, Italy is set to introduce a set of measures which will allow expats to become residents whilst paying no tax on foreign income for 15 years. It is a move designed to entice disenfranchised Britons seeking to escape from…
FINANCIAL WEEK IN A GLANCE: KEY TRENDS
Markets closed down significantly on Friday and have started this week poorly. US stocks entered a bear market, Treasury yields spiked to levels not seen in a decade and the Dollar rallied as the fallout from a hot inflation reading continued to rattle global trading already shaken by worries the Federal Reserve will plunge the…
MARKET UPDATE 10.10.2022
Inflation continued to dominate the markets, US Fed governor Waller said last week that more needs to be done on interest rates and that the Fed should not pause until it sees firm evidence that inflation is easing. Comments were echoed by Chicago Fed governor Evans, who called for policy to be more restrictive and sees…
Investing in Crisis: Personal Perspective.
In our previous article we discussed the historic perspective of investing in the turbulent economic times. Today let’s talk about factors that you should consider when deciding on your investment strategy. First of all, assess your personal financial situation, and discuss it with your financial adviser. Here are some things to consider: Emergency savings. If you…
UK Pension Tax on Death Benefits Proposed Change
On 18th July the UK government announced a consultation on pension taxation linked to the abolition of the Lifetime Allowance. It also considers other aspects of tax linked to pensions and proposes a significant change. Currently where pension member dies before age 75, benefits received by a beneficiary are generally outside the scope of income…
Bank customers paying too much for overseas transfers
If you had needed to send money in different currencies, or indeed to some extent bought foreign currency, you just know that the 0% commission just does not add up. The reason being is that the majority of High Street Banks may not charge commission for a currency sale and purchase, but will have some very wide margins on the…