Can't read this email, view online

Expat Network Newsletter – May 2023

Welcome to Expat Network’s May newsletter.

As an expat it is important to manage your finances we have some tips to financial planning for expats as well as a guide to the best travel insurance policies.

For those investing in the UK property market we have an article suggesting there are green shoots in the market, one covering tax changes affecting UK landlords and another covering HMOs” (ie houses in multiple occupation).

For US expats we have news of a potential windfall under the Government’s Covid Stimulus Initiative.

For digital nomads we have an article from Blevins Franks setting out who’s eligible and the tax benefits as well as another showing which Spanish cities are cheapest for digital nomads. If you are looking at moving to Portugal we have an outline of the strategic financial planning issues to consider.

For those planning to work abroad we have six benefits to ask your employer for and an outline of what you should know about your employment contract as an expat.

If you are living in Singapore or planning to do so we have an explanation of what you should know about the Singapore health system.

Interstaff give an update on the latest developments in the Australian government plans for Visa applications in a series of articles.

And finally, wherever you are in the world there are benefits of hiking in the great outdoors.

The Expat Network Team

Money Matters: A Guide To Financial Planning For Expats

Living abroad as an expat can be an exciting and enriching experience, but it also comes with unique financial challenges. From managing bills and taxes to planning for retirement and protecting assets, financial planning is key to ensuring a secure and comfortable lifestyle while living overseas.

In this guide, we’ll provide helpful tips and strategies for expats to navigate financial hurdles and achieve their financial goals. So whether you’re a seasoned expat or planning to move abroad for the first time, this guide will help you make the most of your finances.

The Best Travel Insurance Companies

In today’s unpredictable world, travel insurance has become the most important accessory for any international traveler. Travelers want trip cancellation insurance to protect their trip and travel medical insurance plans to protect their health. But with so many companies out there, which ones can you trust?

Maximizing Investment Returns With Real Estate In Dubai

Investing in real estate has become an increasingly popular strategy for many people looking to increase their financial returns. Dubai, in particular, offers investors a number of opportunities that can be used to maximize investment returns. This article will discuss the benefits and risks associated with real estate in Dubai for investment as well as how investors can approach investing strategically so they may optimize return on their investments.

Green Shoots In UK Property Market – Good News For Expat House Buyers

The Royal Institution of Chartered Surveyors (RICS), whose members carry out property surveys and valuations for mortgage banks and building societies, are reporting fewer house price falls in March, with an expectation that prices may start to rise in the next 12 months.

Six 2023/24 Tax Year Changes You Should Know If You’re A UK Landlord

April 6, and that can mean only one thing – the start of the new UK tax year. It’s when most changes to UK tax rules come into force, which can be good or bad news for you and your rental income. It can also be the perfect time to make tax less of a hassle and look for ways to reduce your tax bill. So, what key tax changes are planned from 6 April 2023 and how could they impact you as a UK Landlord?

Key Tax Facts For Current And Would-Be HMO Landlords

There are reported to be about half a million “HMOs” (ie houses in multiple occupation) in the UK. A rented property is considered an HMO if at least three tenants live in it and they make up more than one household, with shared toilet, bathroom and/or kitchen facilities.

US Expats In Line For Potential Tax Windfall

The US Government’s Covid Stimulus initiative offers a tax silver lining to US Expats and Green Card Holders. Those with children could receive a double tax windfall in the form of Child Tax Credit. Tax returns need to be filed by June 15th to take advantage of financial benefits.

Spain’s New Digital Nomad Visa – Who’s Eligible And The Tax Benefits

Spain’s Digital Nomad Visa allows those who work remotely to live in Spain for a few years, and also provides access to a beneficial tax regime. You may be able to move to Spain a few years earlier than expected now, and not have to wait right until retirement. The new Start Up Law and its Digital Nomad Visa has opened the door for UK and other non-EU nationals to live and work in Spain if they are able to work remotely. And besides the considerable benefit of enjoying living in Spain, the regime can offer considerable tax advantages, including for those winding up a UK business.

The Cheapest Spanish Cities To Live In For Digital Nomads

New research has discovered the top 10 cheapest Spanish cities to live in for digital nomads, with Ávila taking the top spot. Travel experts at Why This Place analysed the average cost of several factors in each Spanish city, including rent for a 1-bedroom apartment in the city centre, utilities, groceries, and transport. The cost of each factor was added up for each city to determine which ones are the cheapest to live in.

Strategic Financial Planning For Living In Portugal

Check your financial planning is on track to meet your needs and protect your family’s long-term financial security in Portugal this year. A key reason to review your wealth management is to check it’s all up to date. You need to establish whether any changes in tax rules, financial regulations, or your own personal circumstances mean you should adjust your arrangements.

6 Benefits To Ask Your Employer For When Working Abroad

If you enjoy traveling and discovering new cultures, working overseas can be a tremendously rewarding experience. You can not only work and live overseas, but you can also learn about a new culture and develop new abilities that will benefit your career in the long term. But, choosing to work overseas is a big decision that shouldn’t be made hastily.

Employment Contract For Expats: What You Should Know

Embarking on a journey as an expat can be an exhilarating and fulfilling adventure. But with the excitement comes a unique set of obstacles, such as adapting to a foreign legal and cultural landscape. This is where understanding your employment contract becomes essential. And if you are already struggling with it, this blog will help. Read below to learn everything you need about your employment contract and its importance.

The Healthcare System In Singapore And What Expats Should Know

Are you considering a move to Singapore? One thing you must prepare for before your move is health insurance. Sure, Singapore’s healthcare is world-class, but the medical bills can break the bank if you are not insured. In this article, the competent fellows at Pacific Prime Singapore provide an overview of the Singapore system and what you should bear in mind as you decide what health plan is right for you.

What The Federal Budget Means For Migration To Australia

The government’s first Federal Budget since it was elected in 2022 has revealed the size and composition of the migration program will continue to focus on skilled migration in 2023-2024. Here’s a summary of the main Budget announcements under the Department of Home Affairs portfolio and what they mean for migrants and employers of visa holders.

How The Australian Government Prioritises Skilled Visa Applications In 2023

International arrivals to Australia are getting back to pre-pandemic levels. In February 2023, there were 1.38 million arrivals compared to only 270,000 at the same time last year. Organisations can again rely on the migration program to recruit suitably skilled talent for positions that are hard to fill locally, as 482 TSS visa processing times are being managed in as little as a week in some cases.

Major Skilled Visa Changes Announced

After much anticipation, Home Affairs Minister, Clare O’Neil has today announced several major skilled visa changes based on a comprehensive Review of the Migration System. Most of the changes will make it easier for highly paid skilled professionals to enter and start working in Australia.

5 Benefits Of VPNs For Expats And Digital Nomad

A Virtual Private Network (VPN) allows the user to establish a protected network connection when accessing public networks. VPNs for expats and digital nomads help you to stay safe on unsecured Wi-Fi and allows you to bypass geo-restrictions on social media and when streaming content.

Exploring The Great Outdoors: The Mental Health Benefits Of Hiking

It is probably fair to say that everyone has been on a hike in some form or another. From walking the dog in the park, to an equipment loaded day hike to a gorgeous viewpoint- there is one thing that links them all; the natural world. Getting out there in the great outdoors, having a good old explore; enjoying nature and the peace you can find within it. These are the essential ingredients that make up a hike.

Capital Consulting

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

Kevin Sewell Mortgages

Kevin Sewell Mortgages are independent UK and international mortgage brokers, offering positive solutions to suit the customer’s needs.

International Citizens Insurance

Find the best expat international health insurance plan for your budget and needs. We are independent brokers and will help you understand the various plan and provider options.

Bright Tax

Bright!Tax is a leading, multiple award-winning provider of U.S. tax services for Americans living abroad.

Tax Samaritan

Are you a U.S. expat worried about your U.S. taxes? Are you worried about an IRS Audi? Tax Samaritan helps expats like you with their U.S. tax compliance so that you never have to fear an IRS audit again.

1st Move International

1st Move International are a specialist international removals company offering fast, weekly services direct from the UK to a range of destinations worldwide.

Cambridge Home School Online

CHS is the most established selective over-subscribed online independent school based in Cambridge UK.

You are receiving this email because you have elected to receive emails from Expat Network.

You can Unsubscribe at any time by using the opt-out links included on every communication from us.

You can read our Privacy Policy here.

©2023 Expat Network Ltd, International House, 12 Constance Street, London, E16 2DQ