Expat Network: 25 Years of Excellence Serving the Expatriate Community.

 

Top Savings Rates For Expats – April

Many expats can benefit from using offshore bank savings accounts. They are useful for working in different currencies and for gathering interest without deduction of taxes. By Iain Yule See the article ‘British Expats – Do You Need An Offshore Bank Account?’.   The best current offering for sterling offshore savers is Standard Bank’s 1.2%, if you ...

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UK Expats: Beware The Pension Transfer Tax

A new overseas pension transfer tax could see the UK taxman take a quarter of expats’ transferred funds. Those thinking of moving UK pensions need to know the new rules. One of the few surprise announcements in the UK Spring Budget was the ‘Overseas Transfer Charge’ – an immediate tax on certain transfers to offshore pension schemes. According to Jason Porter, director of expat financial advisers ...

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Property Or Pension For Retirement Savings?

My wife and I have been expats since 2000 and are likely to return to the UK this year. We have invested in UK property as a ‘retirement fund’ but have heard that new capital gains tax rules may affect our returns. We have been offered a qualifying non-UK pension scheme (QNUPS) as an alternative. Would this help? Stuart Ritchie, chartered financial planner & chartered wealth manager with expat ...

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New Personal Pension For Expats In France

Expat financial advisory firm Alexander Beard Group (ABG) has launched a self-invested personal pension scheme (SIPP) in France for British expats with pensions left behind in the UK. The new scheme, €uvest, is designed for France-based Britons with no cross-border transfer options rather than qualifying recognised overseas pensions schemes (QROPS). Most UK pension providers are now refusing to tr ...

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US Expat Tax: Don’t Lose Your Passport!

If you are an American have seriously delinquent tax debt, IRC 7345 authorises the Internal Revenue Service (IRS) to certify that to the State Department. The department generally will not issue or renew a passport to you after receiving certification from the IRS.   Upon receiving certification, the State Department may revoke your passport. If the department decides to revoke it, prior to revoca ...

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Move To Europe During Brexit?

Do you think that now is a good time to relocate to the continent? I am not sure how things are going to pan out, and whether it would be better to move to France or Spain in the current Brexit climate. Jason Porter of expat financial advisory firm Blevins Franks answered this question. “Whether it would a good idea to relocate to the continent will depend upon a number of factors, and an awful lo ...

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US Expat Tax Deadlines You Need to Know

We are quickly approaching the first of several US tax deadlines – and as an American abroad, it’s time to begin preparing to file your US expat taxes. Since your reporting and filing requirements can be a bit more complex while living abroad, being prepared well in advance can set your mind at ease when it comes to staying compliant with the IRS. By David McKeegan Here are the most important dead ...

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Sponsored: Managing Your Currency Transfers In 2017

Now that 2017 is in full swing have your New Year resolutions gone by the wayside? Giving up on that musical instrument you’ve been meaning to learn, or missing a few – or most – of your planned visits to the gym is an annual tradition. But if reducing your expenditure was top of your list of good intentions, there’s every chance you fully intend seeing it through. After all, the health of our fin ...

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Sponsored: Your Currency Guide For 2017

2016 wasn’t the greatest year that we’ve seen in our life, with Brexit, Donald Trump’s surprise election win and the fall of the pound; expats everywhere were unsure what the uncertain future holds By TransferGo Of course, there are negatives to each of these events, there are also positives regarding Brexit and Trump and it’s important we take the bad with the good. So with these in mind, here ar ...

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British Expats With Sterling Incomes Feel The Pinch

Greater economic uncertainty has contributed to the pound declining in value against the majority of major currencies in the past year, according to latest research from Lloyds Private Banking. Over the past 12 months, the pound has fallen in value – to varying degrees – against 56 of the 60 currencies analysed. This followed a good year for the pound in 2015 when sterling gained in value ag ...

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