Income Replacement Insurance
Income replacement policies help replace part of your regular working income while you are off work. The risks covered can include disability, illness, accidents, unemployment or involuntary redundancy. If you buy a policy, you will usually be paid a tax-free monthly income if you find yourself unable to work. You pay a monthly premium to...
Do You Need An Offshore Bank Account?
The answer is, you may not. But Iain Yule reckons that most British expats will at some stage, if not throughout their time abroad, find offshore banking useful in a number of ways. First and foremost is the potentially huge tax saving you can make by placing your savings offshore. To take the example of...
Tax And Residence Rules For British Expats
You can still be liable for UK income tax even if you think you are safely non-resident. Make sure you pass the statutory residence test, writes Iain Yule. The UK’s statutory residence test is a welcome development after the old system, say advisers at expat specialists Blevins Franks, and provides much more certainty. However for...
British Expats Get Back Right To Vote
The UK government has published plans on how it will deliver its commitment to allow all British expats to vote in parliamentary elections. The Minister for the Constitution, Chris Skidmore, announced the policy statement which sets out how the government will remove the current 15-year time limit on British citizens who live abroad registering as...
Buy-To-Let Mortgage Calculator For Expats
Guernsey-based offshore bank Skipton International has launched a mortgage calculator to help British expats in their property investment planning. The new expat mortgage illustration allows those considering a UK buy-to-let investment to enter the value of the property and its expected rental income. They will then be shown the maximum loan potentially available, and the...
UK Expats: How To Keep Your Vote
Ten Things You Need To Know About Registering As An Overseas Voter 1. British nationals who have been registered to vote in the UK within the last 15 years can register as an overseas elector, to be able to vote in UK Parliamentary General Elections, UK-wide referendums, and European Parliamentary elections. 2. At...
Where Should Expats In The USA Place Their Pension?
Where should expats in the USA place their pension? British expats resident in the US may be tempted to place their retirement savings in overseas pension schemes. But would they be better off with a UK based scheme? By Mark James Many British expats, who are now living in the US, may request transferring their UK...
Expats Not Saving Enough
British expats earn more when they head overseas but tend also to spend more, creating a savings gap for their retirement. Read more
I Want To Be UK Tax Resident
In February 2015 I received my UK residence permit. I am married to a UK resident and now live in the UK. I own a holding company based in Canada from which I earn dividends. I have not received any dividend income since arriving in the UK and I have filed my 2014 return with...
Living and Working in India
Here is a brief introduction to what you can expect if you are considering taking up a contract or permanent post in India. India has a broad ethnic and linguistic diversity. The Indians are divided mainly into the dark-skinned Dravidian with approximately 25 percent of the population and the lighter-skinned Indo-Aryan races with approximately 72...
British Expats: Keep Records Which Show Non-Residence
With tough new statutory residence test rules, British expats have to make sure of their status by keeping careful travel records. The issue of where you are resident for tax purposes can be more complicated than many people realise, say expat advisers Blevins Franks. If you get it wrong, you could face a tax investigation....