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

 

Sponsored: Is Employer Health Cover Enough?

When a person becomes an expat, there are many things to worry about upon arriving in a new home country. Fortunately for many, health insurance is often not among them, as employers will have a group insurance policy that an expat employee and their family can join. Are these group insurance plans all they’re cracked up to be, though? Here, insura ...

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Expats: Consider The Basics Of Wealth Management

In managing your money you may wish first to consider your residence and tax situation before looking at the principles of investing. By Iain Yule First of all – where are you resident? If you are British, make sure you are truly UK non-resident, meaning you do not have to pay UK income tax (and may also avoid capital gains tax). A statutory definition of tax residence was introduced in the UK wit ...

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Why Some British Expats Are Liable For IHT

You may not be aware as a British expat who pays no UK income or capital gains taxes that you can still be liable to inheritance tax (IHT). Your liability for UK IHT depends on if you are deemed domiciled in the UK, says Stuart Ritchie of expat financial advisory firm AES International. If you or your father were born or raised in Britain, you are likely to be deemed domiciled in Britain. If your ...

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Top Savings Rates For Expats – June

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 have £10,000 and can give 196 days’ notice of with ...

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Working In South Africa: The Tax Implications

South Africa is one of the expatriate jurisdictions where proactive planning makes a significant difference to the tax and exchange control implications of an international mobile employee. The primary reasons for this proactive planning are: Unlike most other countries, with good planning you only become ‘tax resident’ in the beginning of your sixth year in South Africa; and There are various tax ...

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Will Care Visits To UK Affect Our Tax Status?

My wife and I have permanent residence in Bermuda. We are returning to the UK for maybe several months to assist with the care of my elderly father. Will we become resident in the UK at some point and subject to UK taxes? Jason Porter of expat financial advisory firm Blevins Franks answered this question. “Basically, if you spend more than 183 days in the UK in a tax year (6 April 6 to 5 April), t ...

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Malaria Poses A Risk To Contractors And Beyond

Protection form mosquito bites is not being taken even by professionals in the travel risk business, a new survey has found. Less than a quarter of organisations have pre-travel health programmes in place. Data from medical and travel security risk services company International SOS shows that malaria represents an increasing proportion of offshore medical and accident or injury cases, such as on ...

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Choosing A School When Expats Return To UK

When moving to a new expat posting, often the best-known expat school is the obvious choice for your child. Even when there are wider options, often these are restricted by where there are places, or where a company may have a fast-track debenture. By Fiona Hodgkins Perhaps the most complex and challenging school choice of all for expats is when you decide that either it is time to return to the U ...

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Expats With Kids Take Six Months To Settle

Despite the benefits of raising a family abroad, parents and children alike take time to settle into their new life. However, the challenge can bring families closer together, according to new data. Almost half of expat parents say their children take longer than six months to feel at home in their new country, with 25% saying they take more than a year, according to the HSBC Expat Explorer survey ...

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Top Savings Rates For Expats – May

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 have £10,000 and can give 196 days’ notice of with ...

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