Expat Money Newsletter - March 2018

Welcome to the Expat Money Newsletter for March. As the tax deadline looms, this month we feature tax for US expats and how to maximise the allowances available to you. We look at the financial and lifestyle benefits of the expat life, and feature our new Guide to Living in America. Top offshore rates and your tax questions answered – please do get in touch if you have questions you would like us to refer to our panel of experts.

The Expat Team

expats@expatnetwork.com

4 Ways US Expat Taxes Have Changed, And How To Prepare

The American tax system underwent significant changes between 2017 and 2018. Some of the changes are made annually, like alterations to tax brackets, deductions, and personal exemptions, though others were distinctive, like the sweeping tax reform that was passed at the end of the year. With tax season well underway, now is the best time to find out how deductions, exemptions, credits, tax brackets, the measure of inflation, and even deadlines have changed! Greenback Expat Tax Services compiled a list of the many ways that expat taxes are different than they were last year so that you can be prepared for the changes headed your way.

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Best Savings Rates In Expat Banking

The best current offering for sterling offshore savers 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 1.5% 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.

Financial And Lifestyle Benefits Of The Expat Life

The HSBC Expat Explorer survey provides insights each year into the life of expats around the world and highlights the locations that expats love. Overall expats are very positive about the experience and there are lifestyle as well as financial benefits.

Does My Employer Have To Deduct Tax In The UK?

A member who may be going to work offshore in Brunei on a 4 on 4 off rota who will be going back to the UK in his time off asked whether his employer is obliged to pay the British tax? Jason Porter of Blevins Franks gave his response.

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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