expat network

Moving to Spain – Money

So, you are moving to Spain!

Whether you are emigrating, taking a short term assignment or joining family in Spain we have put together the information you will need to make your move a smooth one.

Post-Brexit Banking Issues

How To Avoid Post-Brexit Banking Issues For UK Nationals

  Now that the UK has left the EU many UK nationals living in the EU face problems retaining their UK bank accounts and have difficulties and higher transactions costs making and receiving sterling payments.  Here Monito explain the causes and potential solutions.       Economically, Brexit means that the UK has left the…

Read More
EU Pensions and investments

Britons In The EU Face Investment And Pension Problems

  Brexit has meant many UK citizens living in the EU have seen the forced closure of their UK bank accounts. But this is likely to be just the beginning – EU pensions and investments could be next.         Financial services – 6.9% of the UK economy in 2019, do not form…

Read More
foreign exchange markets

Britons In The EU Face Investment And Pension Problems

    Brexit has meant many UK citizens living in the EU have seen the forced closure of their UK bank accounts. But this is likely to be just the beginning – expat pensions and investments could be next.       Financial services – 6.9% of the UK economy in 2019, do not form…

Read More
Spanish Mortgages

Spanish Mortgages And Covid-19 Update

Covid-19 is having an impact around the world, but as we sit in lockdown many consider their plans for the future.  With the agreement of Mortgage Direct we are publishing an article by Simon Staples which provides a surprising insight into the Spanish mortgage market during these difficult times where it is possible to move…

Read More
tax for uk expats

All Things Tax For UK Expats

Expat tax affairs can be complicated, so GoSimple Tax have gathered some tips to help you understand your tax requirements as a UK expat that is still domiciled in the UK. This article was written exclusively for Expat Network by SimpleTax   Income Tax The tax you’ll need to pay within the UK on your foreign…

Read More
best options

What Are The Best Options For Moving Money Abroad?

Today there are many options for moving money abroad and making the most appropriate choice depends on how much you are moving and whether you will be sending regular amounts.  Short Term Travel Credit cards or holiday cash can cover short term holiday requirements, but if you are planning to buy a house or cover…

Read More
banking in spain

Banking In Spain

When moving to a new country you should take a look at your banking arrangements.  It is generally possible to use your existing bank from your home country for many purposes, but it is worth opening a local Spanish account for most people.  International Online Banks You can also consider using one of the growing…

Read More
taxation

Taxation Of US Expats: The Basics

The basic principle is that Americans living and working abroad are subject to the same tax rules as those who remain in the US.  Americans are subject to US income tax on their worldwide income.  There are the additional reporting requirements of FATCA and FBAR (see Five Things American Expats Need to Know About Foreign…

Read More
Filing US Expat Taxes Late

A Step-by-Step Guide to Filing US Expat Taxes Late

Filing US expat taxes late – if you’re behind on your taxes, you aren’t alone. The 2018 US Expat Opinion Survey, which gathered the opinions of over 3,800 expats worldwide, found that nearly 7% of expats were behind on their taxes. Becoming compliant on expat taxes might be easier than you think! Just follow the…

Read More

Looking To Transfer Your Expat Pension?

Expats generally have the right to transfer their pension abroad into a qualifying scheme.  For some, the benefits of doing so are manifold.  However, there are risks, and it’s fair to say that you need to tread very carefully when considering all your options, as a significant tax charge can apply in certain circumstances. Written…

Read More