What Are The Consequences Of A No Deal Brexit For British Expats?
With Theresa May’s Chequers plan firmly rejected by Donald Tusk, President of the EU as well as by her fellow leaders within the EU where does this leave us now? Many are predicting that there will inevitably be a ‘no deal’ Brexit focusing attention on the contingency plans announced in August. Others cling to the...
Why Expat Tenants Need Home Insurance
Even before you moved to Hong Kong, you may have heard about the highly unaffordable rent in the city, which always ranks top among the world’s most expensive housing markets. This perennial problem has become so extreme that a resident needs to spend 19.4 years without any other expenditure in order to be able to...
Don’t Miss the US Tax Compliance Boat – OVDP Ends Sept 2018
If you are an American citizen or green card holder living abroad who has unreported assets and income, time is running out to take advantage of a critical Internal Revenue Service (“IRS”) tax compliance program. Written exclusively for Expat Network by Kevin Sweeney, Senior Counsel, Chamberlain Hrdlicka Here’s why. Effective September 28, 2018, the...
International Schools Continue To Expand
Over recent years there has been a significant growth in the number of international schools set up around the world. Traditionally the preserve of expats, they are increasingly fuelled by the growing importance of the English language in global business. International schools are now being used by parents as a choice to educate their children...
What Is The Most Expensive Place To Raise A Family? – Global Study
Today, new research by leading price comparison website MoneySuperMarket reveals that the UK is the most expensive place to raise a family. The running costs associated with a four-person family in the UK exceeded those of Spain, USA, Germany and Sweden due to the high costs of rent, utility bills and groceries. The data is...
The Most And Least Liveable Cities In The World 2018
The Economic Intelligence Unit has published its 2018 Global Liveability Index, looking at the most and least liveable cities in the world. The survey assesses 140 cities around the world to establish which provide the best and worst living conditions: Vienna has taken the top spot overtaking Melbourne who have topped the survey for seven...
Skilling Australia Fund Levy Comes Into Effect
On 12 August the Skilling Australia Fund levy commenced. The SAF levy is a levy payable by employers nominating overseas skilled workers for Temporary Skill Shortage (TSS) (subclass 482), Employer Nomination Scheme (ENS) (subclass 186) and Regional Sponsored Migration Scheme (RSMS) (subclass 187). The SAF levy replaces the Training Benchmarks, which required visa sponsors to show that they had...
Missing The Tastes Of Home? COMPETITION To Win A British Gift Box!
What do British Expats miss the most about home? Whilst expats are generally motivated by the lure of adventure, opportunity and new lifestyles and experiences, most do come to miss those little things that we all take granted. Culture, history, sense of humour and even the weather are things Brits often cite as things they miss about...
Australian Expats Returning Home: How To Prepare
Simon DePaoli of Moore Stephens lays out the issues regarding financial planning and expat life that Australian expats returning home need to consider – writing from the perspective of an Australian who has done it. Expatriate life is a heady existence. There’s the opportunity to fast-track career aspirations, the novelty of travelling to new countries...
Why Has My Military Pension Suddenly Reduced?
“Why has my military pension suddenly reduced? Is there anywhere I can find a definitive guide to the Taxing of expatriates’ pensions? I know there are two main categories of expatriates those that are in countries and territories that have reciprocal agreements with and those that don’t. I know this affects if your pension is...
Brexit – Increasing Uncertainty For British Expats In The EU
British expats face continuing uncertainty in the light of the increasing risks of a no deal Brexit and the Brexit Select Committee has called on EU leaders to guarantee the rights of British expats in Europe. Many British expats fear that they stand to lose their rights to live and work in member states if...
What Are The Benefits Of Offshore Banking For Expats?
It is true that offshore banking has sometimes been associated with tax avoidance schemes which give it a bad name. However, offshore banking for expats can have many benefits, even if there are no tax savings. Expats by definition work away from their home country and will therefore tend to earn in one currency whilst...