Page 9 - The Portugal News - Online Issue
P. 9

Advertiser’s Announcement                                       The Portugal News • 16 Nov 2019 9



      Brexit and your Expat Life - Take Control Today



      For British expats in Portugal who are worried about the possible consequences of No Deal Brexit (still a very real
      possibility at the time of writing) there are at least two certainties: residency rights and healthcare access are secure until

      the end of 2020.
              owever, only
              those British
              expats who are
       H already resident on the
       official date of Brexit will be
       guaranteed a permanent right to
       reside, and they will still need to
       apply for a registration certificate.
       Unfortunately, the issue of
       pensions for British expats in
       Portugal post-Brexit remains
       altogether less clear. As it stands,
       we are currently in the situation of
       not knowing whether there will
       be a deal or indeed whether
       there might be a second
       referendum or even no Brexit at
       all.
       Take control of the things
       Take control of the things
       Take control of the things
       Take control of the things
       Take control of the things
       you can control
       you can control
       you can control
       you can control
       you can control
       In a way, it is unhelpful to fixate on
       the things we cannot control or
       predict and if the last few months
       have taught us anything it is that
       Brexit, despite the considerable
       efforts of successive prime
       ministers, is too complex to
       govern easily and the whole
       process quite simply refuses to
       play out in a predictable way.
       Inevitably, this has brought about
       a great deal of uncertainty; not
       least for the 1.3 million British
       expats living in the European
       Union who have rightful
       concerns about how their long-
       term futures and retirement
       plans will be affected, particularly
       in the event of No Deal.     your long-term interests.    checks with the appropriate  all or some of their cashflow  testimonials from recent clients
       Against this background, while  It is also useful to consider what a  regulatory body.  should look into making     who have been through the
       taking control of your wealth  no-deal Brexit might mean for  Make  contingencies      sufficient contingencies to  pension planning process with
                                                                 Make
                                                                 Make
                                                                 Make
                                                                         contingencies
                                                                         contingencies
                                                                 Make
                                                                         contingencies
                                                                         contingencies
       management is recommended,   UK-based funds and your      The Association of British   ensure they are able to maintain  us. Speak with us today about
       emotion and fear can easily drive  spending power. For example,  Insurers has warned that a no-  their usual level of cashflow in the  putting contingencies in place,
       you into making bad decisions,  many UK pension schemes are  deal Brexit may prevent some  event that No Deal occurs and  whatever the future may hold.
       particularly during times of  heavily weighted towards UK-  insurance companies from   there are any short-term issues.
                                                                                                           Financial
                                                                                              Blacktower
                                                                                              Blacktower
                                                                                              Blacktower
                                                                                              Blacktower
                                                                                                           Financial
       economic or political volatility.  based assets; if you are a  being able to pay pensions to  Blacktower  Financial
                                                                                                           Financial
                                                                                                           Financial
                                                                                              Management, so you can
                                                                                              Management, so you can
       One way to stay disciplined and  member of one of these   British expats. The organisation  Management, so you can
                                                                                              Management, so you can
                                                                                              Management, so you can
                                                                                              plan with confidence
                                                                                              plan with confidence
       stick to your retirement planning  schemes, any UK economic  claims that unless the UK  plan with confidence
                                                                                              plan with confidence
                                                                                              plan with confidence
       strategy is to take trusted,  downturn precipitated by Brexit  negotiates a temporary “mini  Blacktower Financial
       regulated financial advice about  could adversely affect your future  Brexit” deal or succeeds in  Management has an
       the future of your cross-border  spending power.          striking deals on a country-by-  outstanding track-record in
       assets, especially private   It is important to remember you  country basis, these insurance  assisting clients to understand
       pension funds, which face an  should only ever take pensions  companies will not have the  and manage the situations that
       uncertain post-Brexit future.  advice from a fully regulated and  facility to make payment.  affect them. From our office in
       Your pension and Brexit
       Your pension and Brexit
       Your pension and Brexit
       Your pension and Brexit      independent firm. There are  Here at Blacktower, we believe  Lisbon we provide British expats
       Your pension and Brexit
       This period of uncertainty is the  many unconscionable and  that this is unlikely to be the case  in Portugal with specialist bi-
       ideal time to review your pension  unregulated firms in operation  and strongly suggest that  lingual cross-border wealth
       planning options and to consider  that are looking to prey,  making any change to your  management and pension
       whether a transfer of your UK  opportunistically, on the uncertain  pension plans without taking the  planning so that they can
       based employer scheme into a  climate caused by Brexit. As such,  proper advice is likely to be a far  confidently achieve their financial
       Qualifying Recognised Overseas  only ever look to take on a firm  riskier move than waiting for a  goals.
                                                                                                                              Article by: Antonio Rosa,
                                                                                                                              Article by: Antonio Rosa,
                                                                                                                              Article by: Antonio Rosa,
                                                                                                                              Article by: Antonio Rosa,
       Pension Scheme (QROPS) or    with clear credentials and,  definite outcome. However, any  As an EU licensed and regulated  Article by: Antonio Rosa,
                                                                                                                              Joint Country Manager -
                                                                                                                              Joint Country Manager -
                                                                                                                              Joint Country Manager -
                                                                                                                              Joint Country Manager -
       Self Invested Personal Pension  whenever possible, seek   person who is dependent on   firm of many years’ experience,  Joint Country Manager -
                                                                                                                              Lisbon
                                                                                                                              Lisbon
                                                                                                                              Lisbon
                                                                                                                              Lisbon
       (SIPP) might be better suited to  references and make necessary  payments from a UK scheme for  we can provide references and  Lisbon
        ADVICE FROM BLACKTOWER
        ADVICE FROM BLACKTOWER
        ADVICE FROM BLACKTOWER
        ADVICE FROM BLACKTOWER
        ADVICE FROM BLACKTOWER
         The Blacktower Group was formed in 1986 and has earned its reputation providing wealth
        management and pensions planning advice to clients in the UK as well as those who are resident
        abroad. Our proven and bespoke service can help you accomplish your financial goals.
         With offices in the Algarve and Cascais and representatives servicing expats all over Portugal, we can
        help you today by calling 289 355 685 or 214 648 220 or email info@blacktowerfm.com. All companies
        under the Blacktower Group are Regulated/Licenced in the locations they are positioned. For full details
        on how and who we are regulated by please visit www.theblacktowergroup.com
                                                                                                                 www.blacktowerfm.com
                                                                                                                 www.blacktowerfm.com
                                                                                                                 www.blacktowerfm.com
                                                                                                                 www.blacktowerfm.com
                                                                                                                 www.blacktowerfm.com
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