FINANCIAL SERVICE FOR EXPATS IN PORTUGAL IN ENGLISH

FREE FINANCIAL ADVICE FOR EXPATS LIVING IN PORTUGAL

GET FREE, PROFESSIONAL INVESTMENT ADVICE FROM QUALIFIED, LEGAL AND REGULATED FINANCIAL ADVISORS AND CONSULTANTS IN PORTUGAL.

FINANCIAL PLANNING FOR EXPATS IN PORTUGAL

Any financial planning should be made long before moving to Portugal. If you are an Expat moving to Portugal and coming from the UK you will find that financial planning outside of the UK is quite different from what you can and will be offered within the UK. Rules and regulations are very different and you have access to more worldwide products that often offer better opportunities from outside of the UK.

Portugal, like other European countries has regulations and compliance issues, and making sure your investments are protected and your future secured is paramount.

BOGUS FINANCIAL SERVICES AND CONSULTANTS IN PORTUGAL.

Be aware that there are, as in most countries, many financial institutions and Independent consultants that are not regulated and the first thing you should do is check their credentials. It takes many years of hard work and effort to be a Financial consultant or tax advisor in any country, and your financial wellbeing could depend on it. Do your research, meet at their offices and not a bar for any consultations and look into their history.

Some Independent Financial Advisors are able to 'passport' their qualifications into Portugal, or their businesses without going through the arduous task of seeking the full regulatory process in Portugal. Many are UK based and lack the experience in Portugal, promoting products that are compliant from the UK.

TAX ADVICE IN PORTUGAL.

Tax advice is essential if you are planning to invest in Portugal or if you decide to retire or start a business here. By getting the advice before you start anything, you will be in a better position to understand how it works and how taxation can affect you. It is not the same as the UK and a tax specialist in Portugal is available, highly recommended and with a long standing history and speaks English.

HELP WITH PENSIONS, SAVINGS & INVESTMENTS IN PORTUGAL.

Portugal is a magnet for Expats. With one of the lowest cost of living indexes in Europe, plenty of sunshine, glorious beaches and cheap properties, and with a lifestyle that dreams are made of, it is no wonder it is becoming the Florida of Europe. With the low cost of living, you can make your money work for you.

Pension taxation rates are favourable, as non habitual residents are not taxed on their pensions for the first 10 years of residence and from there after at Portugal's marginal rates.

ESTATE PLANNING IN PORTUGAL.

Things can get more complicated when moving your assets abroad. As a UK tax domicile you could still be liable for UK inheritance tax without knowing it. Our experts and specialists in Estate Planning in Portugal will guide you through the process. In the UK tax is paid before an inheritance is received, but in other countries it is paid by the person receiving the inheritance. It is important to put these affairs in order and mitigate your tax liabilities and understand how inheritance works and use it to your advantage.

WILLS IN PORTUGAL.

A death in the family is always a difficult time and if the deceased did not leave a will, can make it very frustrating and costly when dealing with the paperwork associated with inheritance. It can be a long, drawn out process that can be circumvented with a simple will. If you still have assets in the UK, it may well be worth considering two separate wills as long as they are drafted correctly. Our experts can help you decide which type of will or wills is your best option for mitigating any taxes on Inheritance.

If you decide on a UK will, bear in mind that it can take months for the probate to be completed in the UK, particularly now during the Covid Pandemic, which could mean that you may miss the statutory 3 month grace period for paying your inheritance tax in Portugal and could leave you open to hefty fines. Talk to one of our Inheritance tax specialists for more information.

LIFE INSURANCE IN PORTUGAL.

Many people now consider life insurance as one of the most important protection elements or investments for their families. For a small sum, you can have enough life insurance to cover your Funeral Planning and burial costs and leave a small cash sum for your family. For those without considerable income, a pension, or retirement funds, investing in a good quality life insurance policy can give you that piece of mind, knowing that your family will be financially taken care of in the event of your unexpected death.

A life insurance policy can also protect your mortgage or loan, provide an investment value, cover you for any disability, accidents and unemployment. A life insurance policy for the whole of life cover, has an investment element to it and the younger you are when you take it out, the more investment value and return there is likely to be. You can take loans against it in the event of hardship in later years as long as the investment value is adequate, and it will protect your family during the period of life insurance. Other policies may be saleable or redeemable, subject to the terms and conditions contracted at the time.

FUNERAL PLANS IN PORTUGAL.

Over the past decade or so, many Expat Funeral plan providers have saturated the market with pre-paid funeral plans. As the name suggests, you pay for your funeral up front. These usually cost between €3-6,000. Re repatriation is an additional option and you can create your own plan for your funeral to be as elaborate or simple as you wish - you just pay for it up front.

There are many other options which can cost considerably less, like some of the new Life insurance policies, that will pay out enough to cover your funeral expenses upon presentation of the death certificate, easing the financial burden on your family. These Life insurance policies are very affordable and we recommend you contact us for a quotation.

ABOUT FINANCIAL CONSULTANTS AND ADVISORS IN PORTUGAL.

Our Financial advisors and Consultants come from firms and professionals that operate internationally and have an extensive history and knowledge of the products that are suitable for Expats, living, working or just retired in Portugal. They are fully regulated and compliant in Europe and have decades of experience, with accredited credentials. Our intention is to supply you with the most up to date information to ensure that your future is as secure as it can be made to be and that you can rest assured that your interests are taken care of.