Expat Money Newsletter - April 2016

Your Latest Free-To-Use Money News & Resources

Welcome to the Expat Money Newsletter for April. We are once again focusing on the personal financial issues that matter to you as an expat, or would-be expat.

In this month’s edition we consider the merits of internet finance, discover that the number of younger expats is on the rise, and that older expats can find more affordable property overseas if they know where to look.

We also learn how UK inheritance tax can affect expats and showcase the best offshore bank savings rates.

I hope you enjoy this newsletter. I welcome your thoughts on other topics you would like us to cover. Or do you have your own tale to tell or question to ask about expat money? Let me know.

Feel free to forward this newsletter to anyone who you think may benefit from reading it. Just click on Forward to a friend or colleague below.

Iain Yule

Editorial Director
Expat Network
iain@expatnetwork.com

Internet Finance: Computing the Benefits

The internet has made managing your finances as an expat much easier. As more of us become more prepared to trust the internet as a means of handling our money transactions so financial services firms are developing more and more exclusively online offerings.

Dream Over For Expat Retirees?

A third of British people who have retired abroad intend to return to the UK, according to a survey. While ‘retired expats’ retiring to warm European countries is an enduring cliché, the number of younger expats aged 25-35 is actually increasing and now makes up 27 per cent of all British people living overseas.

How UK Inheritance Tax Affects Expats

One of the most important financial tasks you have as an expat is to plan how and to whom you will leave your assets. It can be a complex process, involving inheritance taxes and succession law of more than one country, but it is vital to have a solid plan so your estate is distributed as you wish and your heirs avoid paying unnecessary tax.

PROMOTED: A Better Deal To Send Money Abroad

As expats, or expats-to-be, we all know how many overheads and worries, both large and small, are involved in making a move abroad. If you’re lucky enough to have a new job lined up, there are still issues around accommodation, visas, taking family members (and pets) – and this is before you even buy the flight.

New Health Insurance Plan Just For Expats

The new plan is aimed at the ‘traditional’ longer-term expat who is looking for a cost-effective solution to medical insurance. It offers three plan options across three areas of cover and is available to new applicants of any age. Cover can be taken out for short-term assignments as well as long.

World’s Most Affordable Destinations For Property

There are some serious bargains to be had in the search for the best places to buy retirement property abroad, as long as you are prepared to consider some which are off the beaten track.

PROMOTED: Opening A Global Bank Account In Singapore

As an expatriate, you may be constantly relocated to different countries for work. Regardless of locality, you will still require a bank account to perform your financial transactions. Setting up a bank account can take up a lot of time and effort, especially when you are in a new environment.

Best Savings Rates In Expat Banking

The best offering for sterling offshore savers is Standard Bank’s 1.4%, if you have £10,000 and can give 196 days’ notice of withdrawals. For dollars, Standard Bank pays 1% for $10,000 or more, with 196 days’ notice. Nationwide International is best for euros, paying 0.65% for €25,000 or more, with instant access.

The only way to beat these rates is to lock your money away for longer. If you can leave at least £5,000 untouched for two years then 1.6% annual interest is on offer from Nationwide International.

SPONSORED: Property Investing, But Less Taxing

Investing in property seems the natural choice for many investors these days. But should you be buying actual bricks and mortar or are there smarter ways to invest in UK property?

Doing Business Effectively Around The World

An online service aims to make it easier for you to conduct business effectively as an expat in different parts of the world. GlobeSmart is a resource to assist you to fit into unfamiliar business environments.

Read Your Free Expat Living Magazine

The Spring edition of Expat Living magazine is now available to read completely free of charge. You can learn about relocating to the USA and Hong Kong, the property markets of Cyprus and Malta, and much more about the expat experience.

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