The number one reason why expatriates are forced to give up on their dream of a new life abroad is because they fail to get their money matters in order – fact.
This fact alone should be enough of an incentive for you to ensure you do not make the same mistake. But just in case you need more convincing, allow us to point out that even those British retirees who planned well and then moved within the eurozone a few years ago have been hit extremely hard by the fall in the value of the pound. I.e., even careful planning may not be enough to secure your future.
Therefore, as we will impart and explain in this report, the key to success when it comes to managing money matters ahead of and following retirement abroad is keeping on top of your finances at all times. This needn’t be arduous, time consuming nor difficult and there are those who can and will assist you – but it is critical if you want to enjoy your retirement and have a good, guaranteed standard of living overseas.
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Have you heard the one about the British peer who claims to be non-domiciled in the UK? Not ‘non-resident for tax purposes,’ but apparently ‘not domiciled in the UK?’ We’re talking about Lord Ashcroft, the deputy chairman of Britain’s conservative party who also has a seat in the influential House of Lords – yet who apparently doesn’t have to pay UK tax on his alleged billions of offshore pounds. Wow, what a story!
In fact, it’s a story that must make Robert Gaines-Cooper weep. Mr. Gaines-Cooper recently lost his appeal against the HMRC ruling that he was UK domiciled because of the extent of his personal ties with Great Britain, and therefore he was subject to UK tax on his worldwide assets and income. Yet Mr. Gaines-Cooper certainly didn’t live in the UK, have a seat in the House of Lords nor hold a peerage, seemingly wholly unlike Lord Ashcroft. But then again, Mr. Gaines-Cooper wasn’t a huge donor for the conservative party – or the labour party, or any other political party for that matter. So, that was probably where he went wrong and why he lost his case…
Indeed, it seems you can be proud to be a British peer like Lord Ashcroft and Lord Paul, (another peer allegedly up to the same tax avoidance ‘tricks,’ but this time a labour supporter) – but you can’t make these over privileged people pay tax like the rest of us because they can bend, flaut and even invent the rules to suit themselves. Does it make you proud to be British and happy to remain in the UK, pouring more and more of your income in the form of tax into the void that is the budget deficit, when you know there are others out there who have massive influence over the direction of this country but who refuse to contribute fairly to it in the form of tax?
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New developments in the world of international currency exchange mean that now you can take control of your foreign exchange money matters and even trade different currencies online …
An onshore British pensions expert has slammed and slated pensions as a retirement savings vehicle, leaving many expatriates wondering what they should be doing to secure their retirement income ……
Taking a close look at why personalised, independent and qualified advice is critical for anyone considering whether QROPS are right for them…
According to sensationalist headlines in the likes of the Sunday Times, British expats should all now be running scared from the taxman in the UK who’s likely to launch a crackdown on them…
Shelter Offshore is pleased to welcome a new expert into the fold – Ian Manwaring of UK2US Wealth is on hand to offer financial advice and wealth management services to British readers planning a relocation to America or British expats already living in the US.…