|
|
|
|
|
|
|
|
Expat Money Newsletter -
March 2019 Welcome to the
March Expat Money Newsletter.
This month we are focussing on high risk insurance. As business travel increases and the world continues to be a volatile place there are risks when travelling to remote and troubled areas. It is important to understand the risks, manage them and have the correct insurance cover.
The US tax filing deadline is on 15th April. As the deadline approaches we cover the basics for US expats who may not have filed as an expat before. The Expat Network Team expats@expatnetwork.com |
|
|
High Risk Insurance For An Increasingly Volatile World
Standard travel insurance does not generally cover you for high risk areas, such as warzones, crisis and disaster relief zones and specialist providers have developed to meet the need. Kidnap and ransom can happen anywhere, but there are higher risks in some areas, and policies to support you and pay the ransom, if the need arises can be vital.
|
|
|
Taxation Of US Expats: The Basics
The basic principle is that Americans living and working abroad are subject to the same tax rules as those who remain in the US. Americans are subject to US income tax on their worldwide income. There are the additional reporting requirements of FATCA and FBAR (see Five Things American Expats Need to Know About Foreign Bank Account Reporting). Tax returns are due to be filed at the same time (15th April), but when living abroad American expats get an automatic two-month extension to 15th June.
|
|
|
U.S. Taxes For Expatriates - Pitfalls And Traps
To ensure a smooth tax-filing process be well informed. Having residency in a foreign country without exploring tax ramifications could mean paying more than expected to the U.S. government or home state with possible penalties and interest.
Some important considerations include…
• Foreign earned income amount.
• Host country.
• State most recently lived in.
• Rental income and dividends/interest from assets in the U.S.
• Self-employment.
• Holdings in a foreign bank account.
|
Sponsored |
|
|
|
Best Savings Rates In Expat Banking – March
The best current offering for sterling offshore savers (with notice period) is Standard Bank’s 1.15%, if you have £10,000 and can give 196 days’ notice of withdrawals.
If you can leave your savings untouched for five years, Conister Bank offer 2.40% annually over this period for a £5,000 minimum.
For dollars, Standard Bank pays 1.65% for $10,000 or more, with 196 days’ notice.
|
|
|
Expat Network's online Service Directories includes companies to assist
with your life overseas. This month we feature:
|
|
Bespoke IT Solutions
For domestic and business customers Bespoke IT Solutions operate an internet telephony (VOIP) service for UK people travelling or resident abroad.
|
|
Bordeaux Int'l School
Achieve excellent International GCSE and A Level results while becoming bilingual! Bordeaux International School offers 30 years of distinction and extended premises from September 2018.
|
|
British School Brussels
The British School of Brussels (BSB) is an inclusive,
international learning community for children ages 1-18. .
|
|
Clockwork Removals
Clockwork’s International Moving team are committed to
ensuring your move is stress free, so you can relax and
enjoy starting your new life abroad.
|
|
Greenback Tax
Greenback Expat Tax Services offers a full range of
accounting services for US expats living abroad.
|
|
Integra Global
We’re Integra Global: a different breed of health plan provider. Smaller, more flexible. Intelligent and personal. We create tailored insurance plans for expats, and for others with unique insurance needs.
|
|
Your Free Guide To Living In America
“The Land of the Free” is a wonderfully varied country offering contrasts in both culture and geography. It is a land of stunning coastlines, huge mountain ranges and vast deserts. In this guide, we will provide you with guidance on the issues you will need to address as you plan your move, whether that is to work in the US or simply enjoy a new lifestyle.
|
|
|
Remember To Register!
Sign up for free at the Expat Network to enjoy the following benefits: access the latest overseas jobs; get help with writing winning CVs and social media profiles; and upload your CV so that our unique network of recruiters and employers can find you.
You will also find expert answers to the most frequently asked expat questions and receive regular news bulletins on contract awards and other expat news. Registration is free of charge and you can unsubscribe at any time.
|
|
|
Share this newsletter:
|
|
|
|
|
