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US CONNECTED PERSONS

US CONNECTED PERSONS

At Beacon Global Wealth we meet many interesting people from all over the World. People who have packed up their bags left behind family and friends, whether for lifestyle or professional reasons and have relocated to different climes and cultures.  With this major...

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REVIEWING YOUR FINANCES POST BREXIT

REVIEWING YOUR FINANCES POST BREXIT

We have seen recently a number of UK financial institutions change their stance for clients who live outside of the UK and companies including the likes of Aviva not allowing online access for clients which is causing confusion....

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DECLARING ACCOUNTS HELD OUTSIDE OF FRANCE

DECLARING ACCOUNTS HELD OUTSIDE OF FRANCE

  We have seen recently a number of clients be caught out on the above ruling, including those who use an accountant. If you are tax resident in France, you must declare each year your bank accounts, investment policies and insurance contracts. It does not...

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Dealing with Scams

Dealing with Scams

You may have seen emails alerting you to a new fraud specific to the financial services advice industry. We are not aware of any of our clients having been targeted in the way described below, but it is our responsibility to do everything we can to educate our clients...

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Portugal Non-Habitual Tax Regime

Portugal Non-Habitual Tax Regime

Background and Taxation Summary This summary provides an initial overview and explains the main guidelines and possible implications of the non-habitual resident (“NHR”) regime for foreigners and Portuguese individuals settling in Portugal after an extended period of...

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Statutory Residence Test Portugal

Statutory Residence Test Portugal

If you are planning on moving to Portugal and you are leaving from the UK, then it is most sensible to ensure you leave the UK properly. This means you should take note of the Statutory Residence test rules.  What's new in Statutory Residence Test? On 19 March 2020...

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(Provisional) French 2021 Tax Rates

(Provisional) French 2021 Tax Rates

The provisional bands and rates for 2021 for 2020 household income are below and are subject to parliamentary approval in December 2020. The income levels in each band will increase by 0.2% for inflation, but for two bands the maximum income figure has been reduced as...

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EXPENSES USD EUR GBP

EXPENSES USD EUR GBP

EXPENSES U.S. $ EURO € GBP £ Rent $800 to $1,500 €712 to €1,335 £632 to £1,185 Electricity $100 €89 £79 Groceries (incl. wine) $600 €534 £474 Landline rental fee (excluding call costs) $60 €53.40 £47.40 Gas for heating/stove $60 €53.40 £47.40 Internet $40 €35.60...

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Why the Assurance Vie?

Why the Assurance Vie?

Well over one Trillion Euros (well over one Million, Million Euros) is now held in Assurance Vie (AV) policies and life insurance remains the preferred investment for French tax residents. Although the idea was born in the middle of the 17th century, the Assurance Vie...

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Update

Update

It’s not about timing the market, it’s about time spent in the market In today’s low interest rate environment (and if it is at all possible, interest rates now seem to be getting even lower!), to achieve any growth a measured amount of risk has to be taken, meaning...

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France Tax Rates and changes for 2020

France Tax Rates and changes for 2020

It is the time of year when we find out what tax changes we will charged in the following year and wait for parliament to debate and finalise the proposed budget. President Macron’s government has announced €9 billion worth of tax cuts for families in France. France’s...

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Client function 11th June 2019

Client function 11th June 2019

Beacon Global Wealth Management were delighted to hold a client function in Normandy on the 11th June. This was hosted by Jordan Buchanan and was our way of saying thank to you to existing clients old and new.

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