Brexit Fears?

Are you worried yet? Do you know what is in store once the Brexit klaxon sounds throughout Europe?

Don’t worry just now, nobody knows, no matter what people think, the situation is too far away and subject to too much negotiation just yet for anybody to have a clear indication. Don’t let gossipmongers and naysayers fill you with fear over this situation.

Things will change, things will also stay the same, there is too much at stake for anybody to have an idea yet. Don’t listen to O’Leary at Ryanair, don’t let people pressure you into decisions, Europe will continue with a Hard or Soft Brexit, the UK will continue and the sun will still shine in Spain and that is what, in the end, we really want!

Clausula Suelo, the saga could be coming to an end

As many people, too many in fact, are aware, since 2013 (and before) the clients of many banks in Spain have been fighting to get back money taken from them without right by the banks who had inserted hidden clauses in Mortgage contracts to ensure the banks would not lose out when interest rates dropped.

Thanks to a ruling from the European Court of Justice in December 2016 and a subsequent ruling from the Spanish Government in January 2017, the banks, finally, seem to be treating this matter with the care and attention it deserves.

In the last 2 weeks, we have had offers come in from various banks for our clients which shows a drastic swing in the bank’s attitude to this situation. Where previously they would not enter into discussions about these “Clausula Suelos”, now they are explaining how to proceed to get a refund, albeit quietly!

Some banks still hold out against the justice their client’s deserve but we will pursue them to the courts if need be in order to get the satisfaction are clients, not only expect, but legally deserve.

Good things come to those who wait and the Suelo, after a long, hard slog is starting to peek its head above the horizon and show the light at the end of the tunnel.

If you feel that you could have been affected by this situation, and you have not looked into it yet, contact us on the information below for a free review of your case to see if you can benefit from a refund. It´s time to strike while the iron is hot.

A new government, a new budget, same old meddling for pensions however

The new budget has tried to crack down on pensions and specifically, QROPS, a right of ex pats abroad but a bugbear for the government and badly run pensions plans in the UK.

However, thankfully, the restrictions put in place in this new insertion into people’s hard earned pensions has been limited. The restrictions are mainly in place to prevent people bringing their money to different continents or “far afield”.

Pennickblackwell however specialise in the transfer of ex pats pensions within the EEA of which Malta, our preferred partner is based. This means that our clients can continue to enjoy the many and wide ranging benefits of QROPS transfers without the added burden of a 25% tax on transfers out of the EEA.

The pertinent point here is that the Budget cracked down on transfers out of the EEA, be careful if you are looking at the Far East, Australasia or any other district outside of Europe, you could well be hit with added charges and, Pennickblackwell are happy to advise you, no matter who you work with, if your chosen destination is a risk or not.

At Pennickblackwell, we pride ourselves on client satisfaction over revenue. If a client has a question or query, we are more than happy to sit down, listen to the concerns and offer them an answer, you have earned this money over your life, it is only you who should benefit and enjoy it now that you can.

If we feel that your decision is a risk to you, or your future, we will tell you and explain why, if we deem it a sound investment, we will also confirm that information to you. You don’t have to be a client to benefit from our advice, our number 1 goal is to help people.

If you have any financial queries or concerns, contact us today for a free, no obligation chat to see if we can help you, either through our unbiased opinion or through our dedicated financial advice.
Don’t get confused in the world of finance, there are specialists available to you and initial consultations are free of charge so you can see how you can benefit from our advice.

Prepare with PennickBlackwell and minimise the risks to your money (and health!)