Most people prefer not to think about their own mortality but the current coronavirus crisis has made that impossible. It is estimated that over 50% of people do not have a will and have made no plans regarding their estate. This leaves their loved ones vulnerable and unprotected. Surely now is a good time to sort that out?
Staying on top of the latest currency news can help you time your transfers more effectively, so find out what you should be looking out for over the next couple of weeks…
Coronavirus developments and March’s economic reports have continued dictating market sentiment in recent weeks, resulting in significant currency volatility.
The GBP/EUR exchange rate rose from lows of €1.06 to €1.14 while EUR/GBP dipped to €0.87.
Meanwhile, GBP/USD recovered from 1.14 to 1.24, while EUR/USD fell from highs of 1.11 to around 1.07.
Staying on top of the latest currency news can help you time your transfers more effectively, so find out what you should be looking out for over the next couple of weeks…
Despite upcoming reform, Britons moving to Portugal can still enjoy ten years of tax benefits under the special NHR scheme.
Many people move to the Algarve for a lifestyle change or to enjoy some sunshine in their retirement years. But Portugal also offers much wider appeal, as new residents can receive a decade of generous tax breaks through the non-habitual residence (NHR) regime.
Money is one of the hardest, but most important things to master. It is barely taught about in schools and what they do teach will not set you up for the big wide world of finance. If you are like me, you are thinking about your future, primarily how you are going to afford your future. If you have a large number of outgoings this can be a long and grueling task. It was for me, and because of that, I have come up with some insights to make your journey that much easier.
Expatriates to pay at least €7,500 in income tax per year on foreign sourced pensions
With the proposed NHR changes in the 2020 State Budget, promoting Portugal as the “Florida of Europe” might soon become more difficult.
We are all caught in the frenzy of life, working diligently and vigorously in different fields and industries. While some industries may be forgiving and patient with mistakes, others may not be as patient or at all forgiving. This is mostly because of the losses that might occur in some industries, like the foreign exchange market, which would not be as costly in others. For that reason, a strict code of conduct should be followed, and some do’s and don’ts that will protect you from great losses. If you are keen to know some of these do’s and don’ts, read on!
- What did 2019 bring for UK nationals in Portugal?
- Portugal’s burgeoning ‘Sharing Economy’ to redefine lifestyle of future generations, according to experts
- Five questions to help future-proof your legacy
- Seven considerations for a tax-efficient move to Portugal
- What UK homeowners in Portugal need to know about capital gains tax
- Currency Update - October 7th 2019
- Currency Update - Sept 24th 2019
- The Eurozone Crisis: who or what is the culprit?