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Concerned you hold too much cash in a bank?

Fiduciary Wealth Team

Are you holding more than €100,000 in your bank account and worried about new EU rules which force depositors to bear the risk of bank losses? Have you been told by your bank that new rules which come into force in 2018 require they bail themselves out through the imposition of hair-cuts “a la Cyprus.” Do you realise that risk aside investments in a bank whether in Spain, Gibraltar or any other financial centre are inefficiently structured from a tax perspective and offer no protection against inheritance tax on death of first spouse? What is the purpose of holding assets that are terribly exposed to a hair-cut but with no tangible tax benefits?

Wake up and smell the coffee. To speak to a financial consultant about cross border financial planning, tax led wealth management, pensions and investments call Tel: +34900102374 or email enquiries@fiduciarywealth.eu