This months news from Private Fund Management in Almancil includes...

1. Trusts in blacklisted tax havens will be taxed at 35% by the tax authorities in Portugal, and we also explain what a Trust is
2. Malta aligns itself with the UK - anyone with a QROP pension scheme in Malta will have the same access rights to their pension fund as someone in the UK from April this year
3. Many maybe disappointed that these "pension freedoms" coming into force in April could be thwarted in the UK
4. And, finally, we cover the Clydesdale Bank closure in Guernsey, as we have received many enquiries on this

CLICK HERE to read more.

T: +351 289 392 484
E: info@privatefund.management
W: www.privatefund.management

For those of us not savvy when it comes to serious money matters – which includes many more people than you might think – these are bewildering times.

Journalists, along with estate agents, used to be the most disreputable creatures on the planet. Bankers, economists and politicians now hold this distinction.

Do you want to become a millionaire? It IS possible… A majority of people are giving savings and investments a higher priority since the global economic recession. The million-dollar milestone is still a dream for most people when it comes to monetary savings.

Read up to date financial information, including details about the ECB and quantitive easing, UK election uncertainty, Greece worries resurfacing and an inflation update.

CLICK HERE to read.

The Private Fund Management
Avenida Jose dos Santos Farias, Loja 1, 8135-167, Almancil
T: +351 289 392 484
E: info@privatefund.management
W: www.privatefund.management

The Portuguese Government has changed the country´s tax law and with effect from 1st January of this year, the Portuguese tax authorities recognise Trusts in all tax jurisdictions. The consequence of this is that anyone who has a Trust will suffer tax liabilities in Portugal for the very first time.

The tax rate applicable is set at 28%. This will affect many individuals and families, including individuals that have successfully gained the Non-Habitual Residency scheme.

The Blevins Franks Guide to Living in Portugal is the definitive guide to the tax and wealth management issues for expatriates living here.

Now in its 5th edition, this 180-page book examines the key financial issues for a UK national planning to move to Portugal, already living in Portugal or considering returning to the UK. It is an excellent guide for those who wish to ensure that their finances are properly structured to avoid unnecessary taxation.

Read about The Battle to keep the Winter Fuel Payment - The Manipulation of Facts & Statistics by the Department for Work & Pensions.

CLICK HERE to read.

Read up to date details about the Falling Oil price, Deflation in Europe, China's faltering economic growth and Russia's currency crisis in this months Market Insight from Private Fund Management in Almancil.

CLICK HERE to read the December 2014 Market Insight.