The Channel Island of Guernsey has long been a popular destination for Qualified Recognized Overseas Pension Schemes (QROPS). But it stands to lose that status when new UK tax rules go into effect in April. QROPS were originally created to help expats transfer their pensions overseas without crippling tax charges. But Her Majesty’s Revenue and […]
A “fun” fact: if you are a British expat who retires to a country where your pension isn’t uprated (adjusted for inflation), you stand to lose GBP 24,000 worth of potential income in 20 years. Freezing expat pensions is an unpopular policy. There is a veritable chorus of criticism out there written by individual expats. […]
The preliminary results of Lloyds’ and Just Landed’s Expat Banking Poll are in, bringing a couple surprises with them. So far respondents have shown a strong desire for more secure investments, even if it means sacrificing returns. This extends from investment portfolios down to current and savings accounts.
Do you trust the banks in the country you’re living in? Or do you feel safer dealing with banks from home? Whatever your opinion, we want to know what you think about managing money abroad. In fact, we’re so keen to hear what you’ve got to say, we’ve teamed up with Lloyds TSB International to […]
The European debt crisis seems to be grinding toward a decisive conclusion after a revolt within the Greek Prime Minister’s cabinet. PM George Papandreou had wanted to put Greece’s euro membership to a referendum, but a number of cabinet members–including his deputy finance minister–have refused. Several socialist MPs have also declared opposition to the referendum, […]
Finance firms based in Jersey were recently lauded by the Global Forum on Transparency and Exchange of Information for Tax Purposes, tasked with assessing how well the sector responded to international standards for tax information. Jersey has responded to 84 information requests to date, and was described by the forum as being “effective and expeditious” […]
A double tax treaty recently inked by India and Switzerland grants Indian authorities the right to request information on suspected tax evaders for any period starting January 1st, 2011. This is one of just 70 tax treaties the Swiss have renegotiated since 2009, reported Simon Bradley at Swiss Info.ch, shedding further light on the once […]
Saudi Arabia’s Minister has announced the country will limit the amount of money expats can send out of the country, according to a report by Eman El-Shenawi in Al Arabiya. New regulations will require expats keep the bulk of their money in Saudi Arabia. The measure is aimed at boosting Saudi Arabia’s economy and lowering […]
Two Julius Baer Group Ltd. client advisors were charged with helping American customers evade taxes, according to a recent Bloomberg report by David Voreacos and Giles Broom. The pair, Daniela Casadei and Fabio Frazzetto, are charged with conspiring to aid 180 clients in hiding at least USD 600 million from the Internal Revenue Service. American tax […]
Falling prices and rising demand have made it cheaper to buy than rent property in 45 of Britain’s 50 largest towns and cities. It is now an average 13% more expensive to rent than own, according to research from property search website Zoopla.co.uk. The results were based on a comparison of asking prices and rents […]
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