Questions advisers must ask before clients move to Portugal
By Kirsten Hastings, 2 Aug 17
UK advisers with clients looking to move to Portugal and make the most of tax-efficient opportunities but avoid costly mistakes need to consider seven key questions, according to international wealth and tax management firm Blevins Franks.
What is the right currency mix?
Once expats are living in Portugal and spending euros daily, keeping savings and investments in sterling makes their income vulnerable to exchange rate fluctuations.
Advisers should look for structures that allow diversification by holding investments in multiple currencies, with flexibility to choose the currency of withdrawals and convert when rates are favourable.
Tags: Blevins Franks | Currency | Investment Strategy | Portugal
