|
|
EXPATNETWORK
25 YEARS OF EXCELLENCE
|
Expat Money Newsletter - July 2015 Your Latest Free-To-Use Money News & Resources Welcome to the Expat Money Newsletter for July. We are once again focusing on the personal financial affairs that matter to you as an expat, or would-be expat. In this month’s edition we tackle the important issue of making sure you are covered for medical expenses. This is especially important now that the UK is charging non-residents for National Health Service treatment. Elsewhere we consider ways to cut your tax bill, how the buy-to-let property market works, and getting the best interest rate on your savings. I hope you enjoy this newsletter. I welcome your thoughts on other topics you would like us to cover. Or do you have your own tale to tell or question to ask about expat money? Let me know. Feel free to forward this newsletter to anyone who you feel may benefit from reading it.
Iain Yule Editorial Director
|
Not Insured? You May Have To Pay For NHS Care
New rules introduced in April of this year mean that expats who become non-residents of the UK will have to pay for National Health Service treatment. Medical insurance which works at home and abroad might help. |
Should you consider the UK buy-to-let property market? This has been considered a difficult market for expats to enter but there are ways it can be done.
|
|
Don't Pay More Tax Than You Need To
The key to not paying tax unnecessarily is to be sure you have sorted out your residence status and confirm with the taxman that he agrees. You should learn the basics of the Statutory Residence Test.  |
The latest in our expert guides to buying foreign property looks at the markets in Italy and Australia. If you are planning a property purchase in these markets or elsewhere read our guides first. |
|
Get The Best Offshore Bank Savings Rates
If you have money to save, make sure it fetches the best interest rate, so here's our round up of what's on offer. Still the best offering for sterling savers is Skipton international's 1.75%, if you have £10,000 and can give 150 days' notice of withdrawals. For dollars, Nationwide International pays 1% for $25,000 or more, with instant access. Nationwide International is also best for euros, paying 0.65% for €25,000 or more, again with instant access. The only way to beat these rates is to lock your money away for longer, as the sterling fixed rate accounts table shows. If you can leave at least £10,000 untouched until the end of August 2018 then 2% annual interest is on offer from Skipton International. See more rates and how offshore banking works here. |
|
Expat Money: Your Questions Answered
At expatnetwork.com you’ll find an archive of some of the most frequently asked expat money questions with answers from financial experts. Among the latest questions answered is an unusual one about gaining UK tax residence. See the answer to this and other queries here. |
|
Expat Living Magazine - Summer 2015
Can you feel the allure of Australia? Ever thought that trouble tracks you down when you travel overseas? Need to know where the foreign property bargains are? Look no further than the summer edition of Expat Living Magazine, available free of charge here. |
If you are going to be within travelling distance of London this 11 and 12 September, come and join the team behind Expat Network at The Expat Show – Living and Working Abroad, held at Olympia. Whether you want a new job overseas, to learn about new contract opportunities, get a work visa, or simply want a second home to escape to, The Expat Show will introduce you to what is available outside the UK and show you how to get it! There will also be specific guidance on achieving non-residence status for a better tax and financial position in free seminars. Find out more and apply for the limited number of free tickets at www.theexpatshow.co.uk If you are not free to attend why not offer your friends and family back home free tickets? |
|
|
|
