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Financial

What Is The British State Pension And How Might It Change?

Posted on Friday December 06, 2019 (18:24:27)


by Oliver Heslop, UK Tax Specialist

Calling all Brits in the Middle East (and the USA, and Europe, and…)

The British State pension: Is this a dead duck, and do you as an expat ever think about it?

You can still be eligible and secure one. For many years (probably fifty), the UK government have honoured the state pension rights of British people living abroad, as well as anyone who worked in the UK for a few years (normally three or more).   more ...

Financial

Expat Focus Financial Update November 2019

Posted on Monday November 25, 2019 (10:34:48)


Saudi Arabia Announces Continuing Fees

Saudi Arabia's fees for expats will continue to increase in 2020, according to the Finance Ministry. Currently, expats have to pay 300 SAR (£62 GBP / $80 USD) per month for any dependents they bring into the country. In 2020, this fee is slated to rise to 400 SAR (£83 GBP / $106 USD).   more ...

Financial

Expat Focus Financial Update October 2019

Posted on Monday October 28, 2019 (12:29:15)


Preparations For South African 'Expat Exemption' Amendments Under Way

The "expat exemption" act has some considerable changes planned for March 2020. Under the new rules, expats' income will be taxable abroad, including any benefits and expenses they might have claimed.   more ...

Financial

Expat Focus Financial Update September 2019

Posted on Thursday September 26, 2019 (14:27:38)


Retiring Abroad 'Increasingly Unachievable' For British People

Brits who dream of retiring to sunnier climes are facing increasing difficulties when they try to do so, according to the Department for Work and Pensions.

The main reason for this is the deflation of the pound compared with other currencies, particularly the euro. Popular destinations with British expats, such as Spain, Portugal and the South of France, are no longer seen as affordable by many.   more ...

Financial

Expat Focus Financial Update August 2019

Posted on Monday August 19, 2019 (18:00:07)


More money lures young expats overseas

Young expats heading overseas on a work assignment could see a 35% salary boost, a survey reveals. According to the HSBC report, their salary rises from $40,358 to $54,484 (£33,204 to £44,826), on average.   more ...

Financial

Expat Focus Financial Update July 2019

Posted on Tuesday July 23, 2019 (15:42:30)


Offshore account crackdown by HMRC

A crackdown by HM Revenue and Customs on money hidden offshore by British expats has delivered £560 million to its coffers. HMRC’s ‘Offshore, Corporate and Wealth Unit’ generated the tax take from its investigations into British taxpayers with offshore assets and income. That’s a 14% rise on the year before.   more ...

Financial

Expat Focus Financial Update June 2019

Posted on Tuesday June 25, 2019 (12:00:53)


UK is the most expensive country to send expats

The UK has overtaken Japan as the most expensive destination to send expat employees, a survey reveals. The findings from ECA International reveal that while salaries have remained static, costs have increased with higher tax and housing costs.   more ...

Financial

The Most Important Things Expats Need To Consider When Moving Abroad

Posted on Monday June 17, 2019 (17:06:41)


by FC Exchange

Moving your life from one country to another gives you so much to think about; whether it’s applying for visas, researching private healthcare, finding work, or sending your money overseas, it can be a busy time.   more ...

Financial

Who Could Replace Theresa May And What Might It Mean For The Pound?

Posted on Monday June 10, 2019 (17:15:10)


by FC Exchange

The Pound exchange rate has been softer in recent weeks as UK political uncertainty heats up once again. With Theresa May having stepped down on June 7th, the Conservative Party leadership race is on, and a no-deal Brexit could be very much back on the table.   more ...

Financial

Expat Focus Financial Update May 2019

Posted on Monday May 20, 2019 (11:13:55)


HMRC warns expats 'time is running out'

Taxpayers and expats with offshore accounts are being warned by HM Revenue and Customs that ‘time is running out’ to declare their interests.In addition, all financial advisers who have referred a client to an overseas financial institution or helped them to find offshore advice and services must declare this to HMRC by the end of May.   more ...



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