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New tax advisory service launches in Luxembourg
Economics

New tax advisory service launches in Luxembourg

12.10.2012 From our online archive
A tax-led financial planning service has returned to Luxembourg, this time with the support of a company specialising in tax advice for British expatriates.

A tax-led financial planning service has returned to Luxembourg, this time with the support of a company specialising in tax advice for British expatriates.

Fulcra, a Brussels-based service with 16 years' experience is now part of the Fry Group, and the new combined entity celebrated the launch of its financial planning service in the Grand Duchy to be managed by Mark Ritchie at a reception on Thursday.

The Brussels office which has a workforce of 14, has formerly worked with clients in Luxembourg and returns with the expertise of its new British-based owners the Fry Group.

Fulcra director Ed Read Cutting told wort.lu/en: “We're very excited for both Mark Ritchie and ourselves. Both Fulcra and The Fry Group already have a number of existing clients in Luxembourg in the European Institutions. It's less a launch and almost a re-launch with two brands under one roof.”

Fulcra specialises in tax-led financial planning, be it for international and domestic pension planning, retirement planning, residence and domicile advice, and wills and estate planning. The company has a good knowledge of the tax areas affecting people who relocate to France, Spain and Portugal, meanwhile the Fry Group offers expertise on expatriates returning to the UK.

“Pensions and retirement planning remain the number one issue with which we deal. Luxembourg, in common with many countries, has recently carried out a pensions review and remains a generous environment from which to claim if you have a full 40 years of service. And this is key”, explained Mr Read Cutting, adding: “For those who are mobile, not just trying to calculate any entitlement to State provision but projecting the value and buying power of company pensions and then how to complement this personally, remains a challenge."

Among the challenges people face when it comes to financial planning for retirement, Mr Read Cutting outlined the difficulty in predicting future inflation, interest and annuity rates.

He said: "Added to which we need to ensure that any risk to savings and investments is in line with objectives and any such risk is fully understood by those who are making these decisions which, let’s be clear, will very much affect our future livelihoods. And then there’s the potential tax issues.”

To find out more, visit www.fulcra-international.comor call  +322 639 45 60.