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Santander Fined £12.4m For Giving Bad Financial Advice
High Street banking giant Santander must pay a fine of almost £12.4 million for giving customers poor financial advice. An investigation by regulator the Financial Conduct Authority (FCA) found the...
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Key Points For Expats As New Tax Year Kicks In
It’s a new UK tax year and it’s limped in with a pile of new rates and thresholds for savings, pay and pensions. To help expats make the most of the changes, the key point is proving residence for the...
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Forex Failings Push Model Train Firm Off Track
Model train maker Hornby has hit the buffers in a lesson to any expat or business involved in foreign exchange transactions. The firm has signalled to the markets that £1.2 million was lost in the last...
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Financial Firms Attacked Over Rip-Off Call Charges
Consumer watchdogs are investigating whether financial firms charge rip-off phone charges to customers. The inquiry follows a complaint from consumer group Which? alleging the firms make customers pay...
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Budget 2014 Pension Changes and QROPS
Expats with Qualifying Recognised Overseas Pension Schemes (QROPS) remain unaffected by Chancellor George Osborne’s new pension changes. As retirement savers at home face a massive pension upheaval...
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Can I invest in property with my QROPS?
Residential property has long been an asset class pension savers wish to invest in, driven by strong yields and, as far as the UK is concerned, a fast pace of recovery. HM Revenue and Customs (HMRC)...
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Brits In Iraq Ready To Flee Advancing Militants
British nationals in Iraq are urged to contact the Foreign & Commonwealth Office with details of their whereabouts in readiness for an evacuation. Thousands of British expats are working to help...
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Rich Man, Poor Man In A Divided Britain
The richest British households are 15 times better offer than the poorest, according to new official figures. The office of National Statistics has crunched the numbers on the impact of taxes and...
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Tax-Free Savings Opportunities With A Flexible NISA
British taxpayers can take advantage of new tax-free ISA rules from July 1. Investment experts are urging savers to review their investments to benefit from the higher limit of £15,000 a year. The new...
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Britain’s 1,128 Tax Reliefs Are Out Of Control, Say MPs
Politicians have finally decided that Britain’s £100 billion tax relief system is a mess with no one in control of how they work. Now, they want a tax framework to consider the impact of tax relief on...
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Britain Powers Ahead As A Top World Economy
Britain is set to surge ahead of France to take over as Europe’s second largest economy and the fifth largest in the world. Although Britain will push ahead of France and close the gap on Germany,...
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British Households Would Rather Spend Than Save
British savers are putting aside less money than those in many developed countries. The disappointing level of savings for British households shows that people are living more for today and spending...
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BRICS Lay Foundation For New World Economic Order
A brave new world order may be emerging almost unnoticed as an economic power shift is taking place, according to an investment expert. The trigger was the recent agreement between BRICS countries to...
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Surge In US Expats Returning Passports Due To FATCA
The cost of renouncing US citizenship has gone up with the introduction of the new Foreign Account Tax Compliance Act (FATCA) tax reporting rules. Many US expats are unhappy with their government...
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British Expats Still In Love With Australia
British expats still rate Australia as the best place to live in the world – but other destinations in the Asia Pacific are seeing a surge in expat popularity as well. Australia was voted top by 90% of...
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Week in Expat Money Matters 23rd February – 2nd March 2015
Below are the articles from last week, documenting events from the world of expatriate finance, as reported on iExpats and from other places across the web: From iExpats: SIPP Compensation Pay Outs For...
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Week in Expat Money Matters 30th March – 5th April 2015
Below are the articles from last week, documenting events from the world of expatriate finance, as reported on iExpats and from other places across the web: From iExpats: Money Laundering Laws Set To...
View ArticleBritish Expats Face FATCA Account Closures
Banks are threatening to close accounts of British expats living in the USA if they fail to complete piles of paperwork to comply with the Foreign Account Tax Compliance Act (FATCA). Millions of US...
View ArticleMore Gold-Plated Company Pensions In Crisis
News that the BT pension fund has an enormous £10.6 billion black hole and that other private company retirement funds are in crisis has followed hot on the heels of the government wanting to change...
View ArticleBrexit Is Triggering An Expat Exodus, Say Financial Firms
British expats are dropping their homes overseas and are preparing bolt-holes back home as Brexit uncertainty starts to bite. Despite reassuring leaks from Whitehall that British expats in the European...
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