Wednesday, 31 May 2017

Readers’ Favourites - Monthly Update

‘Financial Pages in Spain’ provides information for English - speaking expats and Spanish property owners


The most popular posts last month were;

·        Foreign Exchange beating the banks 
·        QROPS
·        EU 261 Flight delay compensation: your rights
·        Hidden Costs & Charges
·        Misplaced UK Assets often left behind



1. FOREIGN EXCHANGE
La Torre Fx – Foreign Exchange – Beating the bank

The post was easily the most popular post in the month. With current foreign exchange rates very volatile and record lows of sterling, this is a GREAT PLACE to make a comparison and to By-Pass YOUR bank.

This excellent service, with rates to beat the banks and high quality customer service, by linking to the very best Foreign Exchange Platform – FTT Global. The service offers great rates on all major currencies

Money Transfer - ONLINE


           
2. QROPS
Qualifying Recognised Overseas Pension Schemes

Making a return to popularity, following changes made by the UK Chancellor of the Exchequer in the March Budget. On reflection, the notice of extra charges, also known as a TAX, might be bad news, yet most expats living in Spain will not be affected. Notice I said ‘most’. Whilst it has become increasingly NECESSARY to seek Qualified and Regulated Advice, the changes in the budget make it VITAL.

In addition, the changes are different in EEA (European Economic Area) countries which includes all of the EU. This is likely to be scrapped, in my opinion, if Britain leaves the EU and the Single Market. REGULATED ADVICE IS VITAL

·               QROPS post
·          


3. FLIGHT DELAYS: EU 261 gives your RIGHTS

The very unfortunate British Airways delays and cancellations brings this into sharp focus. KNOW YOUR RIGHTS.
It is your right, using EU 261 and confirmed by UK Courts to seek financial recourse. The post here largely covers my five year war of words with Ryanair to get compensated. But claimants now will get their rights much more quickly. My article gives useful links, including BA to help with the process. If you’ve had a flight delay YOU might be DUE welcome compensation!

·         Flight Delay Compensation



4. MISPLACED, FORGOTTEN & LOST ACCOUNTS

There are £ Billions awaiting rightful owners in the
 UK
The most common reason for mislaying assets is change of address. That of course will apply to the vast majority of expats.  It only takes about 5 or 10 minutes to check and even the most careful can find misplaced funds!

There are many different types of funds you might find, including shares, pensions, National Savings inc Premium Bonds, bank accounts, Building Society savings and much more. Please check the links in my post

·         Lost accounts



5. HIDDEN COSTS & CHARGES

It’s worth checking if you are paying TOO MUCH for charges attached to financial & pension products.
However, if you have a personal financial adviser, who constantly gives ongoing good service, they will explain and deserve payment. But please make sure there are no charges deducted where no service is given and especially if they were NOT DISCLOSED

·         Hidden Charges



If I can help, I gladly will – Financial Pages in Spain is an INFORMATION site with NO ADVERTS



David Goodall
Financial Pages in Spain


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