One subject that a lot of people are interested in is money. Because it is the fun, festive season that is December, and just to give you something to discuss with your friends over wine and food, AES International gives you these 11 Fun Financial Facts in our expat blog:
So, we are nearly finished with the excesses of the silly season and now trying to make amends… Time to tighten the belt again (after all that turkey, too!).
Buying a UK property just got cheaper for many with cuts in stamp duty for homebuyers set out in the UK government's Autumn Statement. But for expats who own property, there was confirmation that capital gains made on the property will be subject to 18% or 28% tax from next April. There was better news in the confirmation that individuals can now pass on their pension funds free of UK inheritance tax to their loved ones without the so-called 55% 'death tax' on the transfer of pensions. But individuals who are UK resident non domiciled, must pay more each year to retain this tax-advantaged status.
Our wealth DOES affect how happy we are, with people on higher incomes, more education and more possessions happiest of all. These are the findings of a new study (October 2014) from the Pew Research Centre and contradicts some previous studies on how happy money makes us. One of the most striking findings is that people in the emerging economies of China and Malaysia are happier now than when the survey was last done 7 years ago. It also found that women are growing more satisfied with their lifestyles. Find out where your country ranks for happiness.
Winning the lottery or start saving early are two ways to get to the average £1m plus that a couple that live in the UK will need to meet all their basic needs of getting married or entering into a civil partnership, buying a home, raising children and retiring.
The £1m figure is revealed in new research from the UK bank, Lloyds, but the reality for most of us is that we'll need much more than that. We take a look at why.
One in ten of the 2.6 million households in the UK that have interest-only mortgages have no plans in place to repay the cost of their home, according to new research from mortgage broker, London and Country.
Shocking research from the Law Society of England & Wales reveals that 64% of Brits over 55 have NOT made a UK Will, meaning they are leaving a "financial and emotional mess" for their loved ones to sort out.
There are many benefits of offshore banking for international expats. If you are from country A and you live in country B, you should bank in country C. Once you have decided that an offshore bank account is right for you, you will then need to look into the different types of accounts available, as well as deciding on the right country in which to hold your money.