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...
Expats’ Money Details To Be Shared
New legislation, the Common Reporting Standard (CRS), came into effect from 1 January 2016. The CRS is an agreement between nations that they will automatically exchange information about residents of another country who hold financial assets in theirs. By Adam Thompson This means that if you are a tax resident in the UK and...
Key Financial Aspects Of A Move To Spain
Britons moving to Spain need to be sure they have fully considered all the consequences for their wealth as well as for their health. Read more
The Currency Challenge
As a globe-trotting expat you have many financial matters to monitor – particularly your taxes. But you must also cope with spending and saving in foreign currencies, writes Iain Yule. The itinerant expat needs to juggle a number of currencies quickly, efficiently and cheaply. So a number of offshore banks have...
US Expats: Learn About The Statement Of Specified Foreign Financial Assets
In an effort to curb tax dodging by United States citizens with foreign assets, Congress passed The Hiring Incentives to Restore Employment Act. The act imposes a new reporting requirement for foreign financial assets, in addition to the requirement of filing an FBAR. The new law applies to specified persons with specified foreign financial assets which...
Taking Over A Business Abroad? Take Care…
There are many pitfalls facing the buyer of a business overseas, so here’s a guide to what to look out for before you commit to a purchase. Read more…
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