Author Archives | Expat Banking News and Information
Interest-Rates

Expat rates: As one door closes, another opens

Bad news for savers came when one of the major offshore banks pulled its long-term fixed rates – but there was some good news for those struggling to open an account in the UK. [Read the rest of the article here.]  

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The Expat Guide to Offshore Banking

Receive our FREE eBook – The Expat Guide to Offshore Banking

Enter your details below to learn how an offshore bank account can make managing your finances easier.  

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expat financial advice

4 Reasons to Consolidate Your Pensions

Better reporting Consolidated asset allocation Simplicity Lower fees

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Premium Bond Rate Cut

Premium Bond Rate Cut

In a move that will affect many expat savers, National Savings & Investments (NS&I) has announced that it is cutting the Premium Bond prize fund rate to 1.3% from next month to reflect lower interest rates across the savings market. This 0.2% reduction means that if you hold Premium Bonds, the odds of each £1 […]

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Have you lost a pension?

Have You Lost a Pension?

If you have worked in the UK and were a member of a pension scheme (personal or employer) that you have since lost track of, the government’s pension tracking service might be able to help you find it. Just follow this link. Please feel free to forward this post to any friends or colleagues who […]

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What is a QROPS

What is a QROPS?

This is the Wikipedia definition of a QROPS. A Qualifying Recognised Overseas Pension Scheme, or QROPS, is an overseas pension scheme that meets certain requirements set by HM Revenue and Customs (HMRC). A QROPS can receive the transfer of UK Pension Benefits without incurring an unauthorised payment and scheme sanction charge. The QROPS program was […]

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Warning: if the taxman gets your bill wrong it's officially your fault

Warning: if the taxman gets your bill wrong it’s officially your fault

Workers and pensioners are being warned to double-check their tax codes or face being landed with shock bills that they cannot appeal. More than 20 million codes, which tell you how much of your income will be tax-free, are sent to 16 million people at this time of year. But already The Daily Mail has […]

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Five investments that helped your parents retire early

Five investments that helped your parents retire early

The best performer turned £10,000 into £1.47m in 28 years. Emma Wall of the Daily Telegraph on five incredible investments. Read the full article here.

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6 Ways To Wreck Your Retirement

6 Ways To Wreck Your Retirement

Despite the multitude of resources (websites, books, magazines, advisers, etc) available for expat retirees, there will always be those who fail to make their retirement savings last for the rest of their lives. There are many ways to avoid this, some of which are more proactive while others are reactive in nature. But none of […]

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