A seminar to increase the understanding of the financial and fiscal implications of the Brexit vote was hosted by John Westwood, Chairman of The Federation of European Independent Financial Advisers (FEIFA) on November 14 in São Brás de Alportel.
It followed an address in July by the British Ambassador Kirsty Hayes to British residents at the auditorium of the Santa Casa da Misericórdia in São Brás de Alportel on the topic of the post Brexit-vote.
Westwood aimed to provide guidance that may support decisions leading up to the triggering of Article 50 and stressed the importance of taking time to review present arrangements such as residency, domicile, pension and investment portfolios and health care arrangements.
“Currency is also presently under the spotlight and could create difficulties for those investors reliant on income from pensions and investments thus very careful planning considerations should be acted upon,” he said.
“Now is also a good time to review arrangements such as inheritance tax planning and international structures in light of potential changes to present planning methods.”
The seminar was attended by Clive Jewel, British Vice-Consul, Jim Ditheridge, President of the Rotary Club Estoi Palace International, and Marlene Guerreiro, Vice-President of São Brás town hall. Wine and canapés were provided by Prime Wines and Food Perspective.
If you were unable to attend and wish to obtain information on what was discussed, call 912 273 807.