Expat Money Newsletter - May 2016

Your Latest Free-To-Use Money News & Resources

Welcome to the Expat Money Newsletter for May. 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 have a particular focus on how contractors should structure their employment arrangements and how they are paid.

We also examine how China is building a database of expert expats and detail the best rates of interest being paid by offshore banks.

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

Contractor Or Company 1: Options For Employment

Contractors can present themselves for employment in a number of ways, ranging from employee to offshore company director. Make sure you take the approach that suits your circumstances best.

Contractor Or Company 2: Watch Out How You Are Paid

Disguised remuneration loans have in the past been used to pay contractors. But a clampdown announced in this year’s UK Budget may mean tax and national insurance contributions may be levied – possibly going back ten years.

China Builds Foreign Talent Database

China is to build a database of overseas talent as part of a digital platform to match foreign experts with potential employers, a senior official has said. China Daily reports that the platform, the first project of its kind in the country, will include all legally employed foreign workers' nationalities, areas of expertise and industry, their employer and city of residence.

Best Savings Rates In Expat Banking

The best offering for sterling offshore savers is Standard Bank’s 1.40%, 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 1.50% annual interest is on offer from NatWest International.

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.

Your Money Questions Answered

The team of experts assembled by Expat Network is happy to answer any of your questions on expat finance. On the theme of expat contractors and companies, we have an expert answer on this subject.

Healthcare For Expats In Australia

Moving to Australia has been a popular choice for expatriates for generations. Apart from one of the strongest economies in the world and wonderful natural assets, Australia offers a high quality healthcare system. Australians are in great hands when it comes to medical care; but what provisions have been made for expatriates residing in the country?

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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