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 internationally transferred currencies.

FX Code Aims To Stamp Out Crooked Currency Fixing

A new code of practice has been introduced to stop crooked traders fixing the price of global currency for personal gain.


FATCA List – March 01, 2015

More financial institutions continue to sign up to the US tax legislation, pledging their commitment to report on the financial activity of all of their US passport holding clients.

Gulf States Green Light For Imposing VAT

There are fears that the appeal of the six member states of the GCC could see their international business appeal become somewhat diluted, amid plans to introduce VAT on goods and services.

EIS Investments Surge To Record High

The Enterprise Investment Scheme was responsible for over 1.4 billion in funding for some of the UK’s most promising breakthrough businesses, a trend which looks set to continue.

QROPS for US Residents – FATCA & IRS Compliant

Some information for those residing in the US who have a pension locked into the UK. A solution is available which meets the demands of FATCA and the IRS.

QROPS Tracker – March 15, 2015

The latest figures according to the most recent HMRC-issued QROPS list.

Travellers Face Exit Checks When Leaving UK

Exit Checks have now been introduced in the UK to help identify illegal immigrants, on-the-run criminals and terror suspects as they try to make a break for it.

Expat Savings – March 26, 2015

Our latest guide to the current interest rates currently being offered to allow you as an expat, to get the most out of your savings.

China’s Biggest Equity Crowdfunder Ready To Go

Equity crowdfunding is going to be massive in China. You heard it here first. JD.com are in the later stages of developing China’s largest crowdfunding website.

Tax Warning As Expat Bank Accounts Are Closed

Anyone with a bank account in Jersey who has no place of residence there, could find their accounts closed in the coming months.

15 Die In Terror Attack After Travel Warnings

There’s many places in the world which are essentially no-go areas for the British. Kenya is one. This is exemplified by the ongoing terror acts the poverty-stricken country is currently witnessing.

Expat Savings – April 1, 2015

Interest rates are steadily going up. Could be time to get the cash out from under the mattress and place it in the hands of a decent institution instead.

Cash In Pensions Locked For Bankrupts Over 55

Lots of confusion exists as those in financial difficulty wait for some clarity about whether they could possibly use their retirement savings to clear any outstanding debts.

From the Web:

‘My husband and I wanted to be able to stay in our bungalow and pay our bills’: Thinking of releasing equity? Here’s what to consider – This Is Money

Inheritance tax reform promised in UK election battle – International Adviser

Amid fears of more bubble trouble, who’d buy in Dubai? – BBC

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Expat Pension Transfers Guide

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Find out how you could save tax, increase growth and investment opportunities with this simple, no-nonsense guide that will introduce QROPS, SIPPs and QNUPS options and talk through the pros and cons. Download the free guide by following the link below

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