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EXPATNETWORK
25 YEARS OF EXCELLENCE
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Expat Money Newsletter - June 2015 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 affairs that matter to you as an expat, or would-be expat. In this month’s edition we have a special focus on property and mortgages for expats, looking at where and how you can raise housing finance and how much it will cost. The different mortgage and conveyancing systems in different locations are also explained. If you are thinking of sending your pension overseas you should first of all be aware that the rules for doing so are changing, as our pensions piece below explains. And, if you have money to set aside as savings make sure you are getting the best deal: see Get The Best Offshore Bank Savings Rates below. 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
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Your Guide To Overseas Mortgages
If you’re thinking of moving abroad, one of the biggest things you’ll have to consider is raising the money. Our expert has the answers to some of the questions you’ve been asking about mortgages overseas. Learn more, including who is offering overseas mortgages here.  |
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Buying Property Overseas? Do it Right!
That dream home abroad may turn into a nightmare if you do not follow precisely the right local rules for property purchase. Expat Network’s property expert has compiled guides to many of the property location hotspots, to lead you through the different processes in each country. |
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Expats Face Paying Tax On UK Property Sales
UK non-residents who sell UK property will now have to pay capital gains tax on any gains they make from the sale. This new regime began this April, but many expats are unaware of it. It’s important to take tax-planning measures now. Read our report here. |
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Take Care With Pension Transfers Overseas
Qualifying Recognised Overseas Pension Schemes (QROPS) were intended to enable British expatriates to simplify their affairs by taking their pension savings with them by transferring to a new scheme in their new country of residence. QROPS may seem ideal to transfer your pension overseas, but beware of changes to these scheme rules which could cost you dear. |
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What to Be Aware Of Before Filing US Taxes
While US expats may cringe at the thought of filing US taxes, understanding the important US tax laws will make the filing process a lot easier. If you are a new expat, new to filing US taxes abroad or filing on your own for the first time, here are the five things you need to know! |
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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. 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. The only way to beat these rates is to lock your money away for longer. If you can leave at least £10,000 untouched until the end of May 2018 then 2.2% annual interest is on offer from Skipton International. See more rates and how offshore banking works here. |
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Don’t Mess Up Your Travel Insurance Claim!
Exclusions and conditions vary between travel insurance policies but common ones include claims made as a result of excessive alcohol consumption, fighting (except in self-defence) and taking part in activities insurers deem ‘hazardous’ such as jet skiing, quad biking or diving. Expats who indulge in any of these ‘sports’ should check that their insurance won’t fail here. |
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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 a crucial one for a Briton moving to Canada for a few years: can I avoid having to pay UK taxes? The answer is pertinent to any Briton living or moving abroad. See the answer to this and other queries 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 Overseas, 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 |
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