Expat Working Abroad News

Latest 10 news items tagged Working Abroad

1 Aug at 6 PM 2018

Is offshore banking the best expat strategy

In spite of rumours about tax avoidance, offshore banking gives a number of advantages for expat professionals. The vast majority of expat professionals working overseas are paid in their local currency, with many having financial liabilities such as mortgages in the home country. Most are planning to either move elsewhere for work or retirement or even return home at some stage in their professional lives. For those concerned about banking security and ease of transferring money in various currencies, offshore banks are the sensible...
30 Jul at 6 PM 2018

Expats advised to remit as sterling struggles

British expats living and working overseas are being urged to remit as the pound sterling is undervalued. As fears of a hard Brexit and its devastating effect on the UK’s economy increase, expats working overseas are being urged to remit before it’s too late. According to analysts, sterling’s instability will continue over the eight months left before Brexit kicks in, with the chance of a no-deal becoming ever more likely. Since mid-April, when the pound was at its highest rate since the 2016 referendum, many factors are...
26 Jul at 6 PM 2018

Saving money on international transfers by shunning the banks

The 21st century is set to be the century of the expat, with more and more millennials opting to leave their home countries in order to further their international careers. As the number of expats working overseas at all levels grows, so do the amounts transferred between currencies and countries. The amount of money being sent across national borders is growing year by year as more and more people realise the world really is their oyster. Until recently, cross-border banking was a chore as well as a necessity, but traditional banks...
24 Jul at 6 PM 2018

Expat graduate dilemma puts pensions before student loan repayment

Thousands of university students will graduate this year, with many taking their hard-earned degrees overseas to a long-term job in a new country. With Brexit looming and British companies backing off from hiring graduates due to uncertainty, a good number of newly-qualified Brits may well be searching for opportunities elsewhere in the world. At the back of their minds will be the dilemma of paying off a massive student loan or beginning to save for their eventual retirement, with very few able to deal with both. At first...
17 Jul at 6 PM 2018

Global expatriate totals to hit at least 87 million by 2021

By 2021, the total number of expatriates scattered across the world is expected to reach over 85 million. Expatriation in the present day is a far cry from its 19th century origins, when various wealthy empires sent their representatives to keep the natives down whilst plundering the resources of their lands. Huge numbers of present day expats also have money on their minds, whether it’s to send home to their families or to work overseas for a salary they could only dream of back where they came from. However, becoming an expat...
11 Jul at 6 PM 2018

Ensuring your financial plan for retirement is all it needs to be

If you’re planning to retire overseas, making sure your financial plans are adequate is essential. More and more older people are opting for a retirement in a warm, sunny, cheaper destination after having spent their lives working and waiting for an excuse to get up and go. For many, Brexit is that excuse, and increasing numbers of Britons are now heading for popular European expat hubs. Hopefully, the majority have made financial plans for their retirement, as the British state pension isn’t exactly generous. Nowadays, planning...
9 Jul at 6 PM 2018

Expat investors discover Brisbane real estate

Following a tough time in the sector, Brisbane’s real estate market is surging due to demand from expat investors. Over the past year, the Queensland capital has recorded a significant increase in the number of expat property purchasers attracted by bargain prices. Demand has risen by 6.7 per cent over the past 12 months, with real estate agencies reporting the vast majority of purchasers were expatriates. Houses in the upscale districts of Paddington, Indooroopilly and East Brisbane proved the most popular, with those looking for...
5 Jul at 6 PM 2018

Accidental Americans petition Trump for independence from USA

A campaign organised by a group of US ‘citizens by accident’ has petitioned Donald Trump to let them relinquish their accidental ties to the USA. Accidental Americans are those born in the USA, often to expat parents working in or simply visiting the country, who’ve never actually lived there long-term. According to the law, they’re still considered US citizens and are liable to be taxed as are American nationals living and working overseas. It’s estimated that around several million people may fall into the category, which...
19 Jun at 6 PM 2018

ING and Citibank stop lending to OZ expat property investors

Aussie expat investors are being cut off from mortgages by an international bank’s Australian subsidiary. ING Australia has announced it will no longer offer mortgages to expat Australians wishing to invest in home country property. It’s the second international lender to cut off credit to expat borrowers despite increasing demand from wealthy Australian nationals living overseas, with Citibank announcing the same cut off earlier this week. Australian property news websites are reporting the reasons behind the move are the...
6 Jun at 6 PM 2018

Survey shows US expats increasing anger over federal tax reporting

The proportion of US-born expats living overseas who resent being forced to pay federal taxes is increasing, with 20 per cent of respondents considering renouncing their citizenship as a result. The survey by a major US expat tax services firm notes some nine million US citizens are living and working overseas, with all still having to submit to the IRS’s federal tax reporting laws. Over 3,800 US expats took part in the study, with 68 per cent of respondents stating they should not be forced to submit tax returns once they’ve left...