Jeremy Ferguson Spectrum IFA

If things quieten down for you during the summer months and you have a little more time, I urge you to schedule some of that time for creating your folder. It’s something I’ve helped many clients do over the years and feel is so important.

𝗧𝗛𝗘 𝗙𝗼𝗹𝗱𝗲𝗿 is a single file (digital or physical) where you keep all of your important personal and financial information together. It allows easy access to these documents in the event that you are no longer around to help. It is really important to have it in place when one family member takes the lead on the family finances; this includes paying bills, managing accounts and storing documents. Even if that is not the case, it is an important exercise.

I’ve written an article about this and it includes a link to download your copy of our template which makes it even easier to do. Please put aside some time to do this, your family will really thank you for it.

Link in the first comment 👇

𝘘: 𝘔𝘺 𝘢𝘤𝘤𝘰𝘶𝘯𝘵𝘢𝘯𝘵 𝘩𝘢𝘴 𝘢𝘴𝘬𝘦𝘥 𝘮𝘦 𝘢𝘣𝘰𝘶𝘵 𝘢 𝘸𝘪𝘵𝘩𝘥𝘳𝘢𝘸𝘢𝘭 𝘐 𝘮𝘢𝘥𝘦 𝘧𝘳𝘰𝘮 𝘮𝘺 𝘗𝘳𝘶𝘥𝘦𝘯𝘵𝘪𝘢𝘭 𝘱𝘰𝘭𝘪𝘤𝘺 𝘐 𝘩𝘢𝘷𝘦 𝘧𝘰𝘳 𝘮𝘺 𝘵𝘢𝘹 𝘳𝘦𝘵𝘶𝘳𝘯𝘴. 𝘞𝘩𝘢𝘵 𝘥𝘰 𝘐 𝘩𝘢𝘷𝘦 𝘵𝘰 𝘥𝘰?

A: With any products like this that I offer my clients, one of the requirements is that the provider has a fiscal representation in Spain. What that means is they are responsible for the tax due when you take some money from your policy, and this is paid directly to the Hacienda by them. The certificate you will have received at the end of the year is all you need to give to your accountant here, to show there is nothing further to do.