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New online trading system PFX ON-LINE

New online trading system PFX ON-LINEPremier FX are pleased to announce their new online trading system PFX ON-LINE, a  new service from Premier FX for new and existing Customers.

Trade from £100 up to £30,000 on line - 24 hours a day 7 days a week.  

Competitive rates, free transfers, all from the comfort of your own computer.

The UK’s Autumn “Budget”- does it affect you?

The UK’s Autumn “Budget”- does it affect you?A few announcements in the UK Autumn Statement may affect expatriates, depending on your circumstances.
Where necessary you should seek professional advice to establish how the changes impact you and if you need to take action.

7 key ‘Habits’ for a financially secure retirement in Portugal

7 key ‘Habits’ for a financially secure retirement in PortugalMany British people on holiday in the Algarve fall in love with the local lifestyle and start making plans to move here.  Or perhaps you are at the final stages of your move, or have recently arrived in your new country.  There are many important financial considerations to plan for, and the sooner the better.  

A Tale of Two Leavers

The Tale of 2 leaversResidence is a curious beast.  For nearly all countries, it determines what income and gains are taxable, and where, with many countries taxing residents on their worldwide income, and often gains.  Some countries have a relatively simple system, whereby if you spend six months there during the tax year, you are resident.  Others have systems which include day counting over several years, the application of several tests, or simply considering where your main home is located.

New Tax Information Exchange Agreements

Tax Exchange agreementThe UK Crown Dependencies have signed their new agreements with the UK to automatically exchange tax information.  Portugal and Spain have agreed to strengthen automatic exchange of information on tax matters.  

These types of agreements are becoming more and more common, with countries globally starting to automatically share information bilaterally and unilaterally.  This kind of information sharing leaves little room for tax evasion or concealed offshore funds going forward.

Are You Sure You Are Managing Risk?

Are You Sure You Are Managing Risk?One common request I get from investors and retirees discussing their financial planning is that they want to take as little risk as possible.   They understandably want to protect the value of the capital they have built up over the years.

In many cases they are only thinking about investment risk, and generally just worry about how risky or volatile particular assets are.

UK Taxman acts on Swiss Bank data

Swiss Bank dataA new landmark tax agreement between Switzerland and the UK has been generating much activity this year.  UK taxpayers had to choose between disclosure and steep withholding taxes, and the UK authorities are now following this up.

The UK/Swiss Agreement on Tax Cooperation came into force on 1st January 2013, to persuade UK taxpayers to regularise their Swiss assets.  One way or another all Swiss account holders will now pay tax to HM Treasury.

EURO, A TIME-BOMB (Part 1) by Jack Soifer

worldsEURO, A TIME-BOMB (Part 1) - THE REAL REASONS FOR RECESSION

In a recent article here in the algarvedailynews, 'Real Economy vs Faked Finances' I wrote about the mess Econometrics is in. For instance, monetarism says that financing brings wellbeing, but it ignores the fact that welfare is not only measured in material wealth. Some expenditures in public accounting are bad, like avoidable hospital expenses in dealing with obesity. Instead of using GNP, which also has some avoidable expenses, the UNDP for decades has been using GINI, where wellbeing is added to the pure financial accounting.