Aurecon and Jacobs win $5bn Sydney M5 project
Aurecon to help design one of Australia’s biggest transport projects WestConnex New M5 project. Aurecon is set to contribute to one of Australia’s biggest transport projects, following the announcement of the CPB Contractors Dragados Samsung Joint Venture (CPBDS-JV) as the successful contractor for the delivery of the WestConnex New M5 project in Sydney. Aurecon and Jacobs, in...
Jacobs wins contract with SATORP in Saudi Arabia
Jacobs Engineering Group Inc. announced it received a two year contract from Saudi Aramco Total Refining and Petrochemical Company (SATORP) to provide general engineering services (GES) at SATORP’s Jubail Industrial City II facilities in Saudi Arabia. Under the terms of the contract Jacobs is providing a range of feasibility studies, concept design and detailed engineering design services for a...
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...
Contractors’ Disguised Remuneration Attacked
The latest UKBudget contained an attack on disguised remuneration avoidance schemes with a new charge on outstanding loans. The new scheme outlines how income tax and national insurance contributions (NICs) will be imposed on employee loans which are outstanding on 5 April 2019, irrespective of when the loan was advanced to the employee or individual....
Saipem awarded $1.3bn contract
SAIPEM AWARDED NEW $1.3BN CONTRACT FOR SHAH DENIZ STAGE 2 Saipem and its consortium partners Bos Shelf and Star Gulf have been awarded call-off 007 under the Shah Deniz Stage 2 Master Agreement by BP, on behalf of the Shah Deniz partnership. The total value of the contract is approximately $1.5 billion (Saipem share approximately...
Currency Woes Hit Expat Pensioners
The majority of expat pensioners are now living off an income which is worth at least 11% less than a decade ago, according to Equiniti Group plc which manages the payment of over 60,000 expat pensioners. Of the 60,000 pensioners the largest group is receiving their pension in the Eurozone, where market uncertainty and the...
How UK Inheritance Tax Affects Expats
One of the most important financial tasks you have as an expatriate is to plan how and to whom you will leave your assets. It can be a complex process, involving inheritance taxes and succession law of more than one country, but it is vital to have a solid ‘estate plan’ so your estate is...
Dream Over For Expat Retirees?
A third of British people who have retired abroad intend to return to the UK, according to findings from the eighth annual NatWest International Personal Banking (IPB) Quality of Life Index. While ‘retired expats’ retiring to warm European countries is an enduring cliché, the index has found that younger expats (aged 25-35) are actually increasing...
Most Expats Don’t Plan To Go ‘Home’
Those looking to improve life satisfaction should consider moving abroad it seems, with over half of expats saying they have no intention of going home. Just two per cent of expats are overseas for the short term and actually have a date set to return home. On average, 60 per cent said the move lived...
Expats Head Overseas For Work, Not Play
While the traditional picture of an expat has long been a retiree enjoying their later years in the sun, the Quality of Life Index from NatWest International Personal Banking (IPB) has seen a significant shift in the type of UK adult choosing to live abroad. Work rather than play, makes up the motivation for more...
The Benefits Of International Experience
International experience is key to unlocking innovation in the workplace, a new study argues. The ‘World of Experience’ report reveals that almost half of those who had spent time abroad had gone on to have an innovation-focused role in their working life – including research and development and product improvement. This compares with just one quarter of...
Expats: Get Independent Financial Advice
Many expats may not be confident making their own financial decisions, especially as there are important residence and tax factors to consider. So you may want to turn to a financial adviser with experience of dealing with expats to guide you through the options for your money, writes Iain Yule. If you have British...