33 Super Rich Join Ranks Of World’s Wealthiest Daily

33 Super Rich Join Ranks Of World’s Wealthiest Daily

An astonishing 33 people a day are minted as ultra-high net worth individuals with personal fortunes of more than £19 million. Just over 12,000 wealthy people joined the ranks of the world’s richest individuals in the past 12 months, according to a new report by Swiss bank UBS and market research firm Wealth X. The

Compensation Conundrums For Expat Workers

Compensation Conundrums For Expat Workers

As countries travel the global economic crisis at different levels on the escalator to recovery, one of the biggest challenges for expats and their employers is rewarding talent with the right compensation. Getting the balance wrong can mean a company losing top talent to rivals and falling behind in the race to recruit new talent.

5 Tips For Owning A Home Overseas Without Hassle

5 Tips For Owning A Home Overseas Without Hassle

Owning a property overseas is part of living the dream for many expats, but buying a foreign home can be fraught with difficulties. The problems start with failing to understand the finer details of complicated contracts presented in a foreign language. Many expats will also regale new property buyers with tales of mortgage and planning

Gold Demand Takes A Tumble As Markets Fall

Gold Demand Takes A Tumble As Markets Fall

Gold demand is falling as spot prices for the precious metal are falling on the world’s markets. The price of an ounce of gold is just shy of US$1,200, down 7% from $1,288, while the World Gold Council, a trade body for producers and sellers, confirms demand is down 2% in the third quarter of

Canada QROPS Win IRS Tax Deferral Status

Canada QROPS Win IRS Tax Deferral Status

US retirement savers locked out of many Qualifying Recognised Overseas Pension Scheme (QROPS) by tax rules now have Internal Revenue Service (IRS) approval to switch their funds out of a British pension. For many years, the IRS has not considered QROPS and many other international pensions as suitable products qualifying for tax breaks in the

Alternative Finance Plugs Entrepreneur Funding Gap

Alternative Finance Soars As Banks Shun Businesses

Alternative finance is starting to plug a multi-billion pound funding gap for entrepreneurs and startup businesses. The market has mushroomed to a £2 billion a year business from almost a standing start just two years ago, according to new research by innovation charity NESTA. The finance is equivalent to high street banks lending to 7,000

Expat Saving Rates: November 14, 2014

Expat Saving Rates November 14 2014

If you’re an expat saver and think interest rates paid on your cash in offshore branches of British and Irish banks and building societies are miserable, then spare a moment’s sympathy for your German counterparts. High inflation and low interest rates have dragged down savings rates for several years, but Deutsche Skatbank has the unenviable

Companies May Waste Too Much Money On Expats

Companies May Waste Too Much Money On Expats

Sending expats on overseas assignments could be a huge waste of money for many companies, argues a new report. Around 60% of global companies believe their expat workers are not worth the money, says the study by international accountancy firm PwC. Most companies do not know whether assigning expats to overseas projects is cost-effective because

Why Your Cash Is Better Off In A SEIS

Why Your Cash Is Better Off In A SEIS

Investing spare cash in a Seed Enterprise Investment Scheme (SEIS) startup company can be hugely more tax effective than keeping the money in a bank or other low interest paying investment. SEIS comes with a string of tax breaks designed to lure investors to stake their cash in fledgling companies. Companies and scheme promoters often

The Best Place to be an Expat

The Best Place to be an Expat

With over 1.4 million members, InterNations can rightly claim to be the world’s leading expatriate community by quite some distance. So when the networking organisation compiled a survey to find the top 10 expat destinations across the globe, most people would sit up and take notice, even if the number one country comes as a

Week in Expat Money Matters 10th November – 16th November 2014

Below are the articles from last week, documenting events from the world of expatriate finance, as reported on iExpats and from other places across the web: From iExpats: Alternative Finance Soars As Banks Shun Businesses Banks are still not comfortable with offering start-up businesses the necessary funding to get things off the ground. As a

Tax Avoidance FAQ

Tax Avoidance FAQ

The tax man is sending out thousands of letters to individuals and companies allegedly involved in illegal tax avoidance schemes. Around 43,000 letters are in the post, with 33,000 going to individuals. Recently HM Revenue & Customs (HMRC) issued a list of myths about tax avoidance and here are some of the key points: Do

Getting a QROPS Recognised by the USA

Getting a QROPS Recognised by the USA

A Qualifying Recognised Overseas Pension Scheme (QROPS) can be a great option for those now living in the US, but with an accumulated UK pension remaining in Britain. There are tax advantages and investment flexibility options offed by a QROPS which are not available in the UK, as well as a choice of currency denomination

QROPS List – November 15, 2014

QROPS-List

Gibraltar QROPS are proving one of the offshore retirement market success stories with 20 new schemes opening in the past year. Three more QROPS were added to the Gibraltar portfolio in the past two weeks, making a total of 44 pensions available in the financial centre. Australia, Ireland and Guernsey have all more new QROPS

How Savvy Investors Balance Risk Against Return

How Savvy Investors Balance Risk Against Return

Investing is all about combining your comfort with risk against your expectation of returns to generate wealth. Risk and return are personal to each investor. Some investors are willing to take higher risks to increase their returns, while others are more conservative and accept a lesser amount. Defining your attitude to risk is hard –

Teachers Flock to QROPS

Teachers Flock to QROPS

As coverage of the torrid situation the UK public sector pension market is in continues to be the subject of various articles and forum debates, QROPS providers have reported a huge increase in the number of enquiries they are receiving, particularly from teachers. Many teachers from the UK now work in the same profession overseas,

Don’t Fall For These Common Expat Scams

Don’t Fall For These Common Expat Scams

Expats are regarded as fair game by any number of scammers and con artists out to grab some of their cash. If you are starting life in a new country – or thinking about the best place to move to enjoy your retirement – separating professionals who can help with financial and property decisions from

SEIS, More Help For Entrepreneurs Seeking Business Cash

More Help For Entrepreneurs Seeking Business Cash

Entrepreneurs have trouble raising finance to grow their businesses because they do not know where to look for investment once a bank turns them away, says a new report. To try to level the playing field, the government has introduced a raft of new measures to help them with alternative finance sources – but 50%

Proud Leaders Fail To Make Right Currency Decisions

Proud Leaders Fail To Make Right Currency Decisions

The saying pride comes before a fall is apt for governments and the way they view managing their currencies, according to financial experts. National pride is linked to foreign exchange rates and often the best decision for the currency and economy is put aside for political reasons. The point is made by currency professionals at

How Fund Supermarkets Work

How Fund Supermarkets Work

Investing money in equities or funds can be a scary proposition for many ordinary people who have worked hard to save some cash but have no idea how stock markets operate. Many look to financial advisers to help – but find a significant amount of their savings are can be spent as fees. Some armchair