Ensuring Long-Term Financial Security for a Wealthy Expat in Portugal

What was the goal?

Brian H, a retired expat, was three years into his NHR tax status and enjoying life in Portugal when a friend at the golf club posed an important question. What are you doing about your income once your NHR ends? The friend warned that failing to act early could result in a tax hike to 48% on day one of year eleven when the NHR benefit ends. Acting on this advice, Brian sought guidance from Beacon Global Wealth Management.

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''David Vacani and his team at Beacon Global Wealth Management reduced my tax burden significantly, saving me a lot of headache and stress. Their expert advice on asset protection and growth has secured my financial future in Portugal. I'm incredibly grateful for their support. '' - Brian H.

Solution:

1. Comprehensive Financial Consultation:
    
   • Income Analysis: Conducted an in-depth analysis of Brian’s pensions, investments, and income sources.
    
   • Tax Strategy: Developed a customised strategy for optimal tax positioning and asset growth in Portugal.
 
2. Tax     Structuring and Optimisation:
    
   • Long-Term Planning: Ensured Brian's income and investments were structured for long-term benefits, beyond the 10-year NHR period.
    
   • Income Optimisation: Created a plan using a cross-border European regulated structure to optimise Brian's tax position for up to 20 years.
 
3. Asset Protection and Growth:
    
   • Capital Growth Protection: Advised on strategies for capital protection and growth security.
    
   • Reduced Tax Burden: Implemented a plan that resulted in a tax burden of just 5.8%, significantly lower than the potential 48%.

Results:

• Significant Tax Savings: Ensured Brian's tax burden was only 5.8% over the next 20 years which equated to €2.1M in tax savings.
• Enhanced Asset Growth: Provided a strategy that secured capital growth and income optimisation.
• Secure Long-Term Planning: Established a clear, effective plan for the future, ensuring peace of mind for Brian and his family.

Summing up

Our personalised investment planning and tax optimisation strategies helped Brian. H secure his financial future in Portugal. By leveraging international tax agreements and strategic financial planning, we provided significant tax savings, robust asset growth, and a secure future for his family. We regularly update our clients, assess portfolio performance, and make recommendations and adjustments with the family every step of the way.

If you face similar challenges and seek expert guidance, we work with wealthy families to provide peace of mind and personalised plans to meet your life goals.