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...

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...

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...

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...

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...

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...

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...

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...

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...

Everyone faces risks that require reliable insurance coverage.  Expats face the same risks as well as additional risks caused by their decision to live abroad.  It is important to recognise the risks that you face and to be sure that the coverage does not have terms invalidating the insurance because of your location or because...

If you are leaving Britain to live abroad there are a number of financial measures you can take before you go to save you facing problems later.

Tax residence is not an issue that most of give much thought to.  As a British taxpayer you are subject to tax on your worldwide income and any capital gains unless you are not UK resident.  So when you spend all or part of the year abroad the issue comes in to sharp relief as...