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EXPATNETWORK
25 YEARS OF EXCELLENCE
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Expat Money Newsletter - September 2015 Your Latest Free-To-Use Money News & Resources Welcome to the Expat Money Newsletter for September. 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 take a close look at the foreign exchange issues faced by expats as they travel the globe, and suggest some solutions. Elsewhere we consider the new EU rules on passing on expat assets, and the virtues of Spain and Portugal as low-tax locations for expats. 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. Just click on Forward to a friend or colleague below. Iain Yule Editorial Director
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Foreign Exchange: The Currency Challenge
As an expat you need to be able to juggle your currency commitments so that you do not lose out on exchange rate moves. Some offshore banking arrangements can help with that but for big currency commitments you may need to look to the specialist foreign exchange companies…  |
Foreign Exchange: Money In And Money Out
To avoid exchange rate risks, expats should try to have their income and expenditure in the same currency. This will be the case if you are earning and living in the same country or if you move within a currency zone. |
Of the estimated 8.7 million Americans living overseas, more than half fail to file their US tax return each year. Perhaps they don’t know they need to file or, more likely, it’s too overwhelming to attempt. But there are ways to avoid falling foul of the IRS.
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New Rules On Passing On Expat Assets
Differing EU member state laws have made the passing on of assets complicated for many expats. New rules aim to make it easier, and succeed in some respects, but some expats will find they add new complications. |
In a three-part series, with the help of accountants BDO, we have been considering the tax benefits of certain locations to go alongside the promise of a better lifestyle. In the second part we look at southern Europe, focusing on Spain and Portugal. |
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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. Yet again in the absence of changes to UK base interest rates, the best offering for sterling offshore 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. If you can leave at least £5,000 untouched for three years then 2.05% annual interest is on offer from Nationwide International. |
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Sign up for free at the Expat Network to enjoy the following benefits: access the latest overseas jobs; get help with writing winning CVs and social media profiles; and upload your CV so that our unique network of recruiters and employers can find you. 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. |
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. If you are not free to attend why not offer your friends and family back home free tickets? Find out more and apply for the limited number of free tickets at www.theexpatshow.co.uk |
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