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Market Update 4 October 2022
Markets ended last week moving downwards and have started this week in a similar tone. The S&P 500 was down -1.5% on Friday and now stands at its lowest level since November 2020. In European markets yesterday morning the STOXX 600 is down -0.7% and the FTSE 350 down -0.5%, both off initial lows….
Monday, 21 November – quick market update
COP27 ended on Sunday with an agreement for richer countries to fund poorer nations, although details need to be agreed. There was also a failure by countries to agree to phase out fossil fuels, meaning commitments on emissions did not go further than the weakened Glasgow COP26 pledge to phase down polluting coal power and…
Do you know your Domicile?
One area that we have been speaking to residents about more and more recently is domicile, and in particular when they have clients that fall into either of the following categories: – UK Expatriates If clients have left the UK, do they know that they could still be UK domiciled and subject to UK inheritance…
UK Pension Tax on Death Benefits Proposed Change
On 18th July the UK government announced a consultation on pension taxation linked to the abolition of the Lifetime Allowance. It also considers other aspects of tax linked to pensions and proposes a significant change. Currently where pension member dies before age 75, benefits received by a beneficiary are generally outside the scope of income…
Bank customers paying too much for overseas transfers
If you had needed to send money in different currencies, or indeed to some extent bought foreign currency, you just know that the 0% commission just does not add up. The reason being is that the majority of High Street Banks may not charge commission for a currency sale and purchase, but will have some very wide margins on the…
Europe Is The Place To Be For Career-Minded Expats
Europe has been ranked as the best place in the world for expatriates seeking career progression whilst retaining great working conditions, according to HSBC’s Expat Explorer survey. The annual survey ranked Switzerland as the best place to work in terms of earnings potential, career progression and working conditions for the second year running, with average…
