Expat Money Newsletter - June 2016

Your Latest Free-To-Use Money News & Resources

Welcome to the Expat Money Newsletter for June. We are once again focusing on the personal financial issues that matter to you as an expat, or would-be expat.

In this month’s edition we have a particular focus on how expats can raise a mortgage – either on a foreign property or a UK buy-to-let.

We also remind Americans abroad about important tax deadlines and – can you escape it? – how expats in Europe will vote on Brexit.

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 think may benefit from reading it. Just click on Forward to a friend or colleague below.

Iain Yule

Editorial Director
Expat Network
iain@expatnetwork.com

Expat Mortgages 1: Buying An Overseas Property

Despite the tricky financial climate, many Britons are still taking the plunge and emigrating, or buying a second home abroad. But if you want to raise a mortgage to buy an overseas property there are many different underwriting obstacles you may come up against.

Expat Mortgages 2: UK Buy-To-Let Calculator

An expat mortgage illustration facility allows those considering a UK buy-to-let investment to enter the value of the property and its expected rental income. They will then be shown the maximum loan potentially available, and the deposit required.

Health Cover Designed For Expat Contractors

Policies from international insurance broker Bellwood Prestbury now offer contractors the option of taking out health cover for periods of three, six, nine or 12 months, rather than always having to take out annually-renewable policies. All International Contractors Plan policies are renewable and may be extended without re-underwriting, subject to there being no break in cover.

Expats Will Vote To Stay In EU

A large majority of expats are set to vote in favour of staying in the EU in the upcoming referendum, according to recent research. It found that 71 per cent are set to vote to stay in the EU and just 23 per cent will vote to leave. Only 6 per cent are still undecided.

US Expats: Remember June Tax Deadlines

June is a very important time of year for US expats. Your expatriate tax return is officially due this month, along with your Foreign Bank Account Reporting (FBAR), if you meet the filing threshold. Here are the facts you should know so you can be prepared as the deadlines approach.

Healthcare For Expats In Russia

Life in Russia is undoubtedly a unique experience for most expats. Russia is a distinctive country with a history strongly shaped by socialism – which, among many other things, has led to a healthcare system that provides a complete range of state-funded free medical services. But is this really as good as it sounds? Can expatriates trustfully rely on the Russian free public health care?

Need For Middle East Renewables Engineers Heats Up

There is a significant increase in the number of renewable energy contractor roles in the Middle East, with engineers particularly in demand. New research highlights that Saudi Arabia is recruiting the largest number of renewablhe energy contractors in the region, followed by the United Arab Emirates (UAE) and Qatar. Over two-thirds of the roles available are for engineers, one-in-five are for industry specialists and 7 per cent are for project managers.

Best Savings Rates In Expat Banking

The best offering for sterling offshore savers is Standard Bank’s 1.4%, if you have £10,000 and can give 196 days’ notice of withdrawals. For dollars, Standard Bank pays 1% for $10,000 or more, with 196 days’ notice. Nationwide International is best for euros, paying 0.65% for €25,000 or more, with instant access.

The only way to beat these rates is to lock your money away for longer. If you can leave at least £5,000 untouched for two years then 1.50% annual interest is on offer from NatWest International.

Doing Business Effectively Around The World

An online service aims to make it easier for you to conduct business effectively as an expat in different parts of the world. GlobeSmart is a resource to assist you to fit into unfamiliar business environments.

Read Your Free Expat Living Magazine

The Spring edition of Expat Living magazine is now available to read completely free of charge. You can learn about relocating to the USA and Hong Kong, the property markets of Cyprus and Malta, and much more about the expat experience.

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