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Expat Network Money Newsletter - November 2020

Welcome to Expat Network’s Money Newsletter.

With just weeks to go until the end of the Brexit transition period the implications for those UK expats living in EU countries is still not clear. In this newsletter we look at the implications for QROPS and the use of UK-based advisers.

The Expat Network Team

expats@expatnetwork.com

Recruiters: To have your jobs featured in the next Jobs Newsletter
email: expats@expatnetwork.com

Ums, Ahhs, Buts And Maybes…. Are QROPS Transfers Dead!?!?

Over the last 14 years we have seen many reforms in the pensions industry some for better, some for worse. Transferring a UK pension into a QROPS in the EEA has given people significant advantages, but as the end of the Brexit transition period approaches there are risks that these advantages could disappear. Paul Griffiths of 168 Global Health sets out the background and risks.

UK Expats: Beware The Pension Transfer Tax

The overseas pension transfer tax can see the UK taxman take a quarter of expats’ transferred funds. Those thinking of moving UK pensions need to know the new rules. One of the few surprise announcements in the UK 2017 Spring Budget was the ‘Overseas Transfer Charge’ – an immediate tax on certain transfers to offshore pension schemes. In this article we explain how it works.

Can a UK-based adviser continue to support you from 2021? Four things to consider

Once the UK’s Brexit transition period is over at the end of 2020 the UK will no longer be subject to EU financial regulation. In this article from Blevins Franks they look at the implications for British citizens who remain legally settled in the EU and have been using a UK-based adviser.

Wealth Management For Expats

As an expat you are often in your best-earning years while overseas, so you need to make sure you are saving and investing tax-efficiently and getting good advice from people who understand your residence and tax situation. Here are some issues to consider.

Currency Index - Currency Update - Election And Vaccine Give Sterling A Boost

Currency Index give their update on the foreign currency market and the prospects over the coming weeks. With Covid, Brexit talks and the US Presidential elections there is plenty to impact the markets.

Capital Consulting

Expat Network's online Service Directories includes companies to assist with your life overseas. This month we profile:

Currency Index

Currency Index is a regulated currency exchange and international payments provider, specialising in helping Expats manage their currency requirements.

Bordeaux International School

Achieve excellent International GCSE and A Level results while becoming bilingual! Bordeaux International School offers 30 years of distinction and premises extended in September 2018.

British School Brussels

The British School of Brussels (BSB) is an inclusive, international learning community for children ages 1-18.

International Insurance

Find the best expat international health insurance plan for your budget and needs.

HSBC

Why you should open a bank account with HSBC Expat An expat bank account provides the convenience of managing and growing your money in a central location.

Crown Worldwide

Crown Relocations provides transportation, destination and immigration services, as well as family support, to assist people relocating internationally.

Jasper

Relocating to the U.S. and worried about getting a credit card without any local credit history? Jasper is a revolutionary credit card offering premium Mastercards to relocating professionals to the US.

Don’t Miss Your Latest Jobs Newsletter

As well as links to some of the new job opportunities available at www.expatnetwork.com, we explore some of the many issues affecting your working life as an expat - or would-be expat.

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