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EFPG

Spanish Compliant Bond

EFPG can advise on a range of interesting savings products to suit all risk profiles. One such product is the Spanish Compliant Bond.

If you have settled in Spain for your retirement and are concerned about how to invest appropriately, receive regular income, protect your cash from the effects of inflation and the relatively small danger of a bank collapse, a Spanish compliant bond may be the right solution for you.

The Hacienda has agreed a favourable tax regime for certain savings & investment plans held by Spanish Tax Residents. The advantages of such plans are cemented by the distinctly unfavourable tax regime for non-compliant plans. See the below scenario that compares the tax regimes for a 2 Spanish Tax Residents; the first has invested €200,000 in a compliant overseas bond and the second who has invested in a non-compliant overseas bond.

Additionally:

  • Funds held do not need to be declared on the Modelo 720 – the form that needs to be completed by all Spanish Residents with assets worth over €50,000 held overseas.
  • Any tax due is paid by the Bond so you do not need to pay it yourself or pay someone to do it on your behalf.
  • They are inheritance tax efficient (We would recommend that you seek regulated tax-advice regarding this.)
  • If you do decide to live somewhere else, the bond can “move with you” to suit where you relocate to.

EFPG has a partnership with a household UK insurance company that provide a Spanish Complaint Bond with a suite of investments available that suit a wide range of needs to match your goals and plans.

 

  • Non-compliant
  • 200,000
    After one year
  • Add 10% investment gains: €220,000
  • Tax charge (no income taken): €4,080
  • Tax charge if withdraw €20,000: -
  • Total tax payable: €4,080
  • End value: €195,920
EFPG

Wealthbuilder Plan

Effective Financial Planning Group provide savings and investment solutions through our Wealthbuilder Savings Plan. The Wealthbuilder can be used as a flexible, efficient and low cost investment scheme, savings scheme or both.

Wealthbuilder features at a glance:

  • A single scheme that can accept both regular savings and/or lump sum investments
  • Flexible - make lump sum investments or change your level of savings when you like
  • Make withdrawals whenever you wish
  • Save regularly from as little as £100 per month
  • Low charges
  • Simplify investment management and save money by investing funds according to EFPG’s recommendations
  • Alternatively a huge choice of investments and investment funds which can be chosen by you
  • Allows all your savings and investments to be in one place which makes it easier to keep track of your money
  • All investment returns are free of tax in Gibraltar

Wealthbuilder FAQs

The EFPG Wealthbuilder Investment & Regular Savings Scheme is an investment scheme, a savings scheme or, if you wish, both! It combines in one powerful plan the opportunity to save and invest in one place. This is not only simple and convenient, but it enables you to access, manage and monitor your finances more easily and effectively.

The scheme allows you to invest in a very wide range of investments ranging from safer investments such as accounts and bonds to potentially higher yielding investments such as investment funds and individual securities such as company shares.

Wealthbuilder is a “no-nonsense” scheme with simple, low and transparent charges and which can comfortably be whatever you want - whether this be a simple single investment or a platform for a portfolio of investments for the more ambitious, active and hands-on investor.

BOOK A FREE FACT FIND CONSULTATION

We will work closely with you to identify and quantify your financial needs, targets, issues, risks and priorities and produce a comprehensive financial planning report that details a range of recommended solutions - all tailormade to your specific desired outcomes.

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