Expat Disposable Incomes Compared

Expat Disposable Incomes Compared

Expats tend to look at the size of their wage packets rather than what’s left once tax and living costs are taken out. Sometimes this can end in a big surprise as that tax free salary does not go as far as many expats would believe once housing costs, private health and day to day

Luxury Rents Subdued By Weak Global Economy

Luxury Rents Subdued By Weak Global Economy

Prime residential property rents have slumped to their lowest increase in six years, according to property experts. Worldwide, the Knight Frank Prime Global Rental Index increased by just 0.6% in the last quarter of 2014. The firm explained that weak economies around the world dragged down the index – with Moscow the biggest faller at

QROPS Timing Is Everything To British Expats In USA

QROPS Timing Is Everything To British Expats In USA

British expats who want to take their pension with them retiring to the United States are often caught in a tax trap. Around 23,000 Brits leave to live permanently in the US every year, according to the Office of National Statistics. This makes the USA the second most popular destination for British emigrants – top

Fund Managers Go Online With SEIS Exit Strategy

Fund Managers Go Online With SEIS Exit Strategy

A new online share exchange will give shareholders in tax-effective investment schemes the chance to sell shares while planning a business exit strategy. One of the issues facing investors in the Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) is how to dispose of shares before the end of the 36-month investment term.

Dead Singer Holds Key To Election 2015 Marginal Vote

Dead Singer Holds Key To Election 2015 Marginal Vote

While the party leaders are battling out for who wins the most seat in General election 2015, the absurdity of Britain’s voting system has thrown up some astounding anomalies. Voters in Hampstead and Kilburn have the option of casting their vote for a dead candidate – Sixties pop star and Eurovision contender Ronnie Carroll. Unfortunately

46% Of Expat State Pensions Frozen

46 Of Expat State Pensions Frozen

Only 54% of British expat state pensioners have their payments from the government index-linked, according to new official figures. Out of 1.2 million state pensioners overseas, 548,000 are not updated each year in line with any increase in the cost of living in Britain. The increase for the rest – including state pensioners in the

Boardroom Confidence Grows As Economies Improve

Boardroom Confidence Grows As Economies Improve

Bruised faith in the global economy is improving as executives across the world report more confidence in their boardrooms, according to a new study. Companies based in developed markets also have stronger balance sheets and are delivering higher returns, says the Fidelity 2015 Global Analyst Survey. The highest hopes come from healthcare companies, while the

Poor Language Skills Show Up Expats

Poor Language Skills Show Up Expats

British expats get their red faces from embarrassment due to a lack of understanding foreign languages as well as sun burn, according to a new survey. Although more than half try to learn a few well-used phrases before departing overseas, many of us still manage to trap ourselves in misunderstandings, says AA Financial Services. Typical

Week in Expat Money Matters 6th April – 13th April 2015

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: Setback As Chinese Push Yuan As Major Currency The Chinese Yuan has stalled in popularity despite its initial ent5try into the league table of the world’s most

Smartwatch Ticks Up $20m From Crowdfunders

Smartwatch Ticks Up $20m From Crowdfunders

Investors keeping a watching brief on a crowdfunding pitch from Pebble Time have seen the deal become Kickstarter’s largest ever fund raiser. Pebble raised $20,338,986 from 78,471 backers – the second time crowdfunding projects from the company breached the $10 million barrier. The first campaign hit $10.3 million in 2012, but the latest pitch eclipsed

Expat Savings – April 9, 2015

Expat Savings

Only one change in expat offshore money rates for the week – a new account launched by Skipton International. The 18 month fixed rate bond follows the market lead in offering shorter fixed terms. The rate is 1.75% and savers can open an account with £10,000. The savings market is unlikely to change pending the

Gulf States Green Light For Imposing VAT

Gulf States Green Light For Imposing VAT

Dipping oil prices are forcing Gulf State leaders to bury their differences over a controversial move to introduce VAT. The leaders of the states have argued for years about bringing in the tax on the sale of goods and services. Two main reasons have stopped them to date. They did not need the money due

Cash In Pensions Locked For Bankrupts Over 55

Cash In Pensions Locked For Bankrupts Over 55

Retirement savers with financial problems are barred from declaring bankruptcy or seeking a debt relief order if they can access a pension to clear what they owe. From April 6, anyone aged 55 years old or over who can legally draw cash from their pension is subject to the new guidance from the government’s Insolvency

Expat Savings – April 1, 2015

Expat Savings

The official interest rate is only going up, according to Bank of England governor Mark Carney. In a recent speech he explained that he felt inflation and economic growth did not any further intervention – but he gave no indication of when or how much rates will rise. That news makes the Permanent Bank fixed

FATCA List – March 01, 2015

FATCA List – March 01, 2015

The list of international financial institutions signing up to comply with the US Foreign Account Tax Compliance Act (FATCA) is still growing. Another 3,734 registered as FATCA compliant during March, taking the total number to 160,010 from 227 financial jurisdictions – up from 156,276 in February. Every organisation listed has pledged to report the financial

15 Die In Terror Attack After Travel Warnings

15 Die In Terror Attack After Travel Warnings

The tragic prediction by Australian intelligence services that a major terrorist attack was coming in Kenya has proved correct. The British, US and Australian governments all warned their nationals to get out of Kenya unless they had essential reasons for staying last week. At the time, the Kenyan government argued the Western terror alert was

Tax Warning As Expat Bank Accounts Are Closed

Tax Warning As Expat Bank Accounts Are Closed

Expats with bank accounts in Jersey but live elsewhere are facing a tax avoidance crack down which is likely to spread around the world. Financial regulators on the Channel Island are forcing banks to identify their customers – which includes checking out their tax residence. If they do not have an address on the island,

China’s Biggest Equity Crowdfunder Ready To Go

China’s Biggest Equity Crowdfunder Ready To Go

China’s largest equity crowdfunding platform is under construction by the nation’s leading direct sales company. JD.com is the Chinese equivalent of Amazon, with massive online sales and a huge delivery network worldwide. The company has announced a number of measures to finance and mentor startups in China. The company’s equity crowdfunding platform is expected to

Expat Savings – March 26, 2015

Expat Savings

If you are thinking of moving overseas to take up an expat lifestyle and giving up your home in the UK, then you will need to open an offshore bank account. For many expats, having an account with a name they know and trust from home is often the best option – which is why

QROPS Tracker – March 15, 2015

QROPS Tracker

Qualifying Recognised Overseas Pension Scheme (QROPS) are opening at the rate of one every day around the world. In the past 12 months, 395 QROPS have opened in 19 financial centres, while 32 have been delisted in seven. Australia leads the way for new QROPS, with a net 277 new QROPS, while India tops the