Qualified Fee-Based Expat Financial Advisers in Mallorca
Pensions & Pension Transfers
You spent years building up your pension in the UK, but now you have retired to live in Spain! What can you do to ensure you have a tax-efficient income from your pensions in Spain? Your friends have mentioned QROPS or International SIPP’s, but what are they and how can they work for your unique circumstances.
Pensions are a complex subject, even more so when you have cross-border tax implications and currency fluctuations to consider. A “Holistic” overview of your situation with one of our Independent Expat Financial Advisers in Mallorca should be your first course of action.
Investing for Growth, Income or Both
Whether you need to invest for long-term capital growth, an income from your investment or both, the issues are complicated. Do you consider tax-efficiency first, or is it more important to look for better investment growth? Are your current UK investments tax-efficient in Spain?
A full review of your current investments and building a long-term plan for income without depleting your capital is crucial to your financial future. Risk management, tax and costs of investment all play their part. Our specialist Expat Financial Advisers in Mallorca know it is crucial to ensure all of the factors are taken into account.
Saving for the Future
Are you considering saving for the future? It could be saving for the deposit on a property, a child’s education costs or simply saving for a rainy day. With bank interest rates at an all-time low it makes sense to look for better returns elsewhere, but where are better returns available and what are the risks?
Our professional Expat Financial Advisers in Mallorca have been carefully analysing the historical return on savings over recent years with some surprising results. To make sense of all of the options open to you, trusted, fee-based Financial Advice is the way forward. We can advise the right plan for your exact circumstances.
Mitigating Spanish Taxes
We should stress right from the start, that we are not Tax Advisers. That said, we work with selected Tax Advisers (or your existing people) to ensure that the investment, pension and savings advice we give takes full advantage of the available tax-efficiencies granted by the “Hacienda”.
Whether you wish to save tax on your investment growth or income, ensure your estate passes to your chosen beneficiaries without the taxman taking a large portion of it, or simply make sure you are not paying too much tax, our experienced Expat Financial Advisers in Mallorca can help.
Existing Assets in the UK
ISA’s, National Savings, Your UK Property, Bank Accounts and so on. All wise decisions at the time, and some very tax-efficient in the UK. With the emphasis being on “in the UK”. The Spanish Tax Office or Hacienda do not see the tax-efficiency of your UK or indeed your Offshore Investments, they just see cash, and potentially taxable cash at that.
If you are still holding assets in the UK it is vital that you get in touch with our UK Qualified Expat Financial Advisers in Mallorca to undertake a full review of your investment’s tax-efficiency in Spain. You may be surprised and could have a modelo 720 to fill in or a tax bill.
Our Trusted Partners
On some occasions the advice you need falls outside of our areas of specialist expertise. For these eventualities we have carefully selected other firms of trusted experts from the legal, accounting, tax, mortgage and currency exchange professions to make sure things run smoothly. All of our partners offer the same high quality, client focussed service you are used to from Haven Financial Advisers.
We work with them personally so you can be confident in working with them too.
Who are Haven Financial Advisers?
With more than 24 years experience advising both corporate and individual clients in the UK and also world-wide Expats and Yacht Crew, we are ideally placed to help you plan for the future. Unusually, we are Fee-based, Expat Financial Advisers in Mallorca which sets us apart from the usual “commission hungry salespeople” you may have encountered in the past.
Meet the Team
Sandy Paterson DipFA, CeMAP, MLIBF
Principal
With more than 24-years experience advising clients both in the UK and here in Spain, Sandy is well placed to run Haven. He is UK Diploma qualified and UK CeMAP qualified for mortgages.
Sandy has a reputation amongst Yacht Crew as the “go-to” person for Yacht Crew Mortgages, Savings and Investments & is well regarded in Expat circles also.
Haven Financial Advisers are unusual in being “fee-only financial advisers in Mallorca” which makes a significant difference in the delivery of advice to clients.
Lesley Higdon
Practice Manager
With 10-years running Financial Management and Wealth Management offices in the UK and Spain. Lesley knows what it means to be available for our clients to respond effectively and efficiently to enquiries. The “best outcome” for our clients starts with your first contact with Lesley and you will have complete confidence from day one.
Marc Rees
Independent Financial Adviser – ACSI
Marc provides Independent Financial Advice in Mallorca. You are likely to find him at various networking meetings, business conferences and Expat groups around Mallorca or in the Marinas. He could well be your first point of contact with us and will provide you with qualified, fee only Financial Advice to help secure your financial future.
Marc is fully qualified to give International Financial advice via the Level 3 International Certificate in Wealth & Investment Management (ACSI).
Marc is very well known in Yacht Crew circles in Palma and can be found discussing financial matters with Yachties most days. Look him up and discover the Haven difference today.
Contact Information
Get in touch with us today to experience the difference a Haven Financial Adviser can make to your future.