Posts Tagged ‘banking’
Andorra has abandoned its reputation as a tax haven and will soon introduce income tax, giving into the pressure of its European neighbours. This small country has always been very attractive for expat residents and property buyers, but will this change with the new income tax? Expats attracted by the idea of no tax on […]
When someone is moving abroad to lower their taxes, there are a few European countries that they often look to. The obvious choices are the Isle of Man, the Channel Islands, Andorra or Monaco. Monaco has zero income tax, but while the lifestyle might be glamorous and the weather far better than the Isle of […]
The Chancellor of the Exchequer, George Osborne, recently announced another raid on pensions. This time the target is tax relief on pension contributions. Incentives to keep retirement funds in the UK are being increasingly eroded. Experts predict that the already booming overseas pension transfer market is set to grow significantly as these proposals are implemented.
Bags packed. Last goodbyes made. Accommodation arranged. All set. But what about your money? Each year, many expats leave their country, for work, new challenges or retirement. What they often neglect, however, is the money they are leaving behind. Money is often left in low-return savings accounts, when it could be earning more offshore. Many […]
Expats have a lot on their plates when moving: housing, schooling for children, visas and permits… the list goes on. It’s no wonder many expats fail to make proper financial arrangements before relocating—a costly (and thoroughly avoidable) mistake. Below we’ve identified the 5 essential steps for effectively managing your finances abroad. 1. Open two bank […]
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