Moving To Spain? Seven Questions Could Save You Money
If you are moving to Spain or have recently relocated, you have made an excellent choice. Aside from its obvious appeal, Spain can offer real tax-efficient opportunities – if you are well prepared. By Jason Porter This article was written exclusively for Expat Network by Jason Porter, Business Development Director at tax and wealth management advisors Blevins...
Health Guidelines For New Zealand
There are no pervasive diseases in New Zealand that would affect travellers or expats. There are a few illnesses, however, that can be contracted by drinking water directly from lakes and streams in some areas. Some lakes in South Island are home to a tiny organism that can cause a skin irritation. As the organism is...
Saudi Arabia Collects New Tax On Expats
From July, Saudi Arabia is collecting a new tax from expats and their dependants, a move that is seen to boost the country’s revenues amid weak oil prices. The new fee will be 100 Saudi riyals (SAR) per dependant per month, around £21 or $27. The amount is expected to increase gradually every year until...
Will Care Visits To UK Affect Our Tax Status?
My wife and I have permanent residence in Bermuda. We are returning to the UK for maybe several months to assist with the care of my elderly father. Will we become resident in the UK at some point and subject to UK taxes? Jason Porter of expat financial advisory firm Blevins Franks answered this question. “Basically, if...
How Are Expat Savings Protected?
When you have worked hard to build up your savings, it is important to understand what level of protection you will receive in the event the financial institution is unable to repay your money. For peace of mind you should establish what investor protection you have with each of your banks, and how it works,...
Most Expat Buy-To-Let Loans In South East UK
A majority of UK expat buy-to-let mortgages are concentrated in greater London and the South East, according to new figures. Figures from lender Skipton International show up to 40% of expat mortgage customers are investing in buy-to-let property in Greater London, with another 25% in the South East of England. Just 10% of British expats...
Life Insurance For Expats
Increasing numbers of people are living and working abroad either permanently or temporarily and, at present, the vast majority of those who have existing life insurance are unlikely to retain their coverage as they do so. The different levels of risk associated with living in different countries makes it impossible for life insurance policies aimed...
Tax On A Move Back To Canada?
I am a Canadian non-resident in the Czech Republic. I plan to return to Canada in two years’ time to finish working and eventually retire. I filed a T1 General form for 2015 as I had a small amount of interest income from a bank account I hold in Canada. Must I always report interest...
Brexit’s Impact On Job Search
Freedom of movement, long-enshrined as a key pillar of the EU, will soon be a thing of the past for UK citizens following the Brexit vote. But what, if anything, will replace it? And how will the referendum result affect the three million EU citizens who currently live and work in the UK? Businesses and...
Should I Bank Offshore?
I want to set up an offshore bank account as I have been an expat for many years and have been told this would be a good place to keep my savings. Can you help? Stuart Ritchie, Chartered Financial Planner & Chartered Wealth Manager with expat financial advisers AES International, answered this question. I believe...
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. By James McLeod, Head of Pensions at chartered financial planners AES...
Puzzles Over Expat Pension
I am unsure if my overseas pension (QROPS) is free from UK inheritance tax? It seems the case if you remain offshore, but is a bit grey if you come back to the UK – even after five years away. Stuart Ritchie, Chartered Financial Planner & Chartered Wealth Manager with expat financial advisers AES International,...