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Expat Money Newsletter - June 2018

Welcome to the Expat Money Newsletter for June.

As an expat you are often in your best-earning years while overseas, so you need to make sure you are saving and investing tax-efficiently and being properly advised how to do so. We point to some of the principles to consider and Expat Lifeplan set out the implications of ‘free advice’.

The Expat Investors Club can be a great opportunity to share views on the investment market with other expats and gain the insight of other investors and industry specialists.

The Expat Team

expats@expatnetwork.com

Expats: Consider The Basics Of Wealth Management

Expat Tax 1: British Expats Should Keep Records

In managing your money you may wish first to consider your residence and tax situation before looking at the principles of investing. There are a number of basic principles for expats to consider when planning how to manage your wealth.

Why ‘Free’ Advice Costs Much More Than You Think

Were you offered ‘free’ advice by your financial adviser when he or she sold you that investment product, pension or regular savings plan? If the answer is yes, you should remember that all advice costs money, and there are two ways you can pay for it: fees or commission.

Take Care Buying Business Abroad Sponsored

Expat Investors Club

The Expat Investors Club is a social network where expats can meet online and share insights with other investors who are potentially interested in similar markets and face similar cross-jurisdictional issues.

It is powered by Investwits, who are taking their investor network concept from its Danish roots to expand to expats internationally.

Expat Investors Club

Best Savings Rates In Expat Banking

Expat Tax 1: British Expats Should Keep Records

The best current offering for sterling offshore savers (with notice period) is Skipton International’s 1.25%, if you have £10,000 and can give 200 days’ notice of withdrawals.

You can beat this rate if you can leave your savings untouched for three years. Skipton International offer 1.9% annually over this period for a £10,000 minimum.

For dollars, Standard Bank pays 1.05% for $10,000 or more, with 196 days’ notice.

Service Directory

Expat Network’s online Service Directories includes companies to assist with your life overseas. This month we profile Financial Services.

Your Free Guide To Living In America

The largest economy in the world and a land with very different appeals is one of the most popular destinations in the world. Whether you are planning to migrate, take up a temporary visa to work, set up a business or retire to America, there are many issues to address before you go. Make the transition work better with this free-to-download, full-colour guide. Your Guide To Living In America provides you with guidance on the issues you will need to address as you plan your move, whether that is to retire, buy a second property or simply enjoy a whole new life.

Don’t Miss Your Latest Jobs Newsletter

Expat Network circulates a Jobs newsletter every month, the latest looking at tips for getting the best flight deals and examining some of the issues to consider when assessing a salary abroad. If you have missed the latest newsletter you can view it by clicking below.

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You will also find expert answers to the most frequently asked expat questions and receive regular news bulletins on contract awards and other expat news. Registration is free of charge – and you can unsubscribe at any time.

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