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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

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.

Take Care Buying Business Abroad

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.


Holdings in a foreign bank account.


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.

Service Directory

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.

Take Care Buying Business Abroad

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