Expat Money Newsletter - March 2017

Expat Money: Best Retirement Places; US Taxes

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

In this month’s edition we consider the best retirement destinations for expats.

We also look at important tax deadlines coming up for American expats.

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 & Publishing Director
Expat Network
iain@expatnetwork.com

Ranking Top Ten Expat Retirement Destinations

Many people on the verge of retirement see a change of scenery abroad as the perfect life move, when relaxation and indulgence take over following long careers that may have spanned over 40 years. While retirement options differ from person to person, the general consensus is that ending your working commitments and retiring abroad is something to look forward to.

US Expat Tax 1: Don’t Lose Your Passport!

If you are an American and have seriously delinquent tax debt, IRC 7345 authorises the Internal Revenue Service (IRS) to certify that to the State Department. The department generally will not issue or renew a passport to you after receiving certification from the IRS.

US Expat Tax 2: Deadlines You Need to Know

We are quickly approaching the first of several US tax deadlines – and as an American abroad, it’s time to begin preparing to file your US expat taxes. Since your reporting and filing requirements can be a bit more complex while living abroad, being prepared well in advance can set your mind at ease when it comes to staying compliant with the IRS.

Win An Apple iPad Mini 4

Are you a UK expat currently living overseas? If so, your views are extremely valuable to investment firm Old Mutual International and they would really appreciate you taking part in a survey. To thank you for your time, all completed surveys received by 14 March 2017 will be entered into a free prize draw. The winner will receive an Apple iPad mini 4 (32 GB) and two runners-up will receive an Apple voucher worth £100. Terms and conditions apply.

Sponsored: Premiums Cut On Expat Contractor Health Plan

As expat insurance specialists, Bellwood Prestbury have negotiated reductions of up to 25% on the Contractors International Health Plan. The new rates deliver savings of 25% for contractors aged up to 49 years and 20% for anyone over the age of 50. The plan offers a range of medical insurance options designed for expats working in the oil & gas, energy, aviation, engineering, security, NGO, humanitarian, telecommunications and technology industries. Get a quote now.

Best Savings Rates In Expat Banking

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 withdrawals. For dollars, Standard Bank pays 1.05% for $10,000 or more, with 196 days’ notice. Standard Bank is also best for euros, paying 0.15% for €10,000 or more, with 196 days’ notice.

If you want a monthly income from your offshore savings, the best offer currently comes from NatWest International. For a deposit of as little as £1, an annual equivalent rate of 0.25% is paid monthly.

New Expat Mortgage Calculator Launched

Skipton International has launched an upgraded online calculator, giving expat mortgage customers a quick guide to loan options. The calculator uses information such as property value and rental income to show customers the maximum amount they would be able to borrow, along with estimated monthly repayment costs, based on Skipton’s mortgage offerings for the requested term.

Move To Europe During Brexit?

An Expat Network member has asked if now is a good time to relocate to the continent? They are not sure how things are going to pan out, and whether it would be better to move to France or Spain in the current Brexit climate. We put this to our panel of experts.

Understanding Expat Medical Insurance

A new website, expathealthcare.com, provides fully-independent answers to the many questions you may raise as an expat about making sure you are healthy – and have proper insurance cover – while overseas.

Expathealthcare.com is a resource you can use to find out all about healthcare and insurance cover for expats, what you need to know and where to find assistance.

Read Your Free Expat Living Magazine

The Winter edition of Expat Living magazine is now available to read completely free of charge. You can learn about life in Singapore and Spain, property purchase in Australasia, insurance for danger zones, and how to buy foreign currency wisely.

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