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...
Singapore The Best Place For Expats
Singapore is ranked the best place for expats for the second year in a row, in a new survey. Expats in Singapore enjoy some of the world’s best financial rewards and career opportunities, while benefiting from an excellent quality of life and a safe, family-friendly environment, found HSBC’s Expat Explorer country league table. More...
Brexit: The Bank Of England View
The Bank of England has quickly responded to financial questions raised by the UK’s referendum result on leaving the EU, in a handy Q&A format. What do any financial market movements after the vote mean? The economy will need to adjust to whatever new trading relationships are put in place in the future. These decisions...
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....
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...
With Oil Below $40 What Can Energy Workers Do?
Expats working in the oil and gas sector are enduring tough times – markets are volatile, and oil is striking seven-year lows Much has been written by learned economists, traders and strategists about the direction of oil prices, says Patrick Breen of expat financial advisers AES International. The heat and noise around the latest OPEC meeting...
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
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...
Take Care With Pension Transfers Overseas
Qualifying Recognised Pensions Schemes (QROPS) may seem ideal to transfer your pension overseas, but beware of changes to these scheme rules which could cost you dear. Read more…
Paying Off A UK Mortgage From Abroad
My son and I are both UK non-residents. It is possible that he might return to the UK after some years. I will not return. My son bought a flat in UK and has asked me to pay the remaining mortgage on it. The flat is rented out and is not his/my home. What are the...