Jan Bjorkmann

Inflation is the root of all-evil in an economy; it erodes the purchasing power of money and has caused untold damages causing the collapse of powerful nations. That said, there are signs of late that governments/central banks have been overtly too hawkish on inflation and if we are not careful we may face a period of deflation.

Despite all the rhetoric of governments pontificating that one should have private savings for retirement, they need you to spend to get the economy back on track – or they’re out of a job.

Like all things in life, it’s about finding equilibrium. The balance between saving and spending is always a difficult one to assess. It is essential to maintain a level of cash in the bank for prudence but when it costs money to keep it in the bank, one has to ask why!

There are many offshore jurisdictions with tax-friendly policies that offer attractive investment opportunities to expatriates. When choosing the right jurisdiction it is paramount to establish a number of key points:

• Domicile status

• Inheritance tax

• If and when you will be returning home

To find out what investment opportunities are available to you, speak to a locally focused consultant with a comprehensive understanding of available options on how to invest your funds.

Jan Bjorkmann – Country Manager Malta at Blacktower Financial Management (International) Ltd T: 2149 6769; E: info@blacktowerfm.com

Blacktower Financial Management (International) Limited is licensed by the Gibraltar FSC License 00805B.