Why is £-GBP so Low Against the Euro ? 4 Expat Actions to Save on Currency Exchange
The EU Brexit Vote has hit British Expats Living and Working in the EU hard. The day after the Brexit vote on 24/6/2016 Sterling started a currency fall that at the start of September 2017 sees the Pound trading at £1.07 to 1.00 Euro – a might fall of nearly 25% in 15 months.
This means UK Expats transferring there Pound sterling to Euro now get 3 apples not 4. The meal out in a Spanish or Cyprus restaurant is a meal for three with someone left at home.
The UK pension payment that converted to Euro 2000 in June 2016 now converts to 1500.
That has a dramatic effect on your spending plans. It’s one less trip back to the UK this year, the planned mini cruise postponed until another year.
Why is the £Pound so low against the Euro?
Read more to receive our free guide; 4 Expat Actions to Save on Currency Exchange
EU Brexit for Expats: Exchange Rates Can go Down as Well as Up
Sam Orgill of ProACT Partnership considers the Exchange Rate Adjustment and implications of EU Brexit for Expats Living and Working Abroad
EU Brexit for Expats means the UK needs to stimulate the economy and the a lower exchange rates is the main tool at the UK government's disposal. Exchange Rates Can Go Down as Well as Up
If your Euro Overseas Property is valued in Euro and your Investments & Pension in GBP 50:50: then you are no worse off when exchange rates go up and down.
Lower Sterling Exchange Rates Means Change for Expats and a New approach:
PLAN YOUR EXPAT EXIT PLAN - 5 Things To Include
PLAN YOUR EXPAT EXIT PLAN - 5 Things To Include
Sam Orgill of www.proactpartnership.com gives
5 Things Expats Should include in Their Exit Strategy - when Living and Working Abroad Goes Wrong
What gets missed, in the excitement and enthusiasm of relocating overseas, achieving your dream of Living and Working Aboard, investing in overseas property and business, is an exit strategy.
We all get carried away with something new, something exciting, and can easily allow our common sense to be left on the beach while we go in search of promised new lands, home and work abroad. But what then? How do we get back home? What if the dream fails?
Here’s a check list of 5 things for expats to include in their exit strategy.
Countries UK Expats Get State Pension Indexing
ProACT are Expat Experts for people Living and Working Abroad
when Considering a retirement location there are many things to consider.
Contact-Us www.proactpartnership.com/contact-us
for a Free Review on any Expat Expert question.
UK state pensions retain indexing for Expats Living and Working Abroad in The following Countries.
REGISTER for Free Expat Expert Updates
Pension indexing 161101
The EEA countries are:
Bank Deposit Guarantees for Cyprus Banks
Have you ever wondered how safe your Cyprus Bank Deposits are ? Are you fearful of the 2013 Cyprus banking collapse and loss of investor deposits. ? If a bank fails how long before you get your money back.
Here's an outline of how Cyprus Bank deposits are covered. Note these are an EU standard and apply to other EU banks with minor local variations.
Safer Than a Bank
www.proactpartnership.com/contact-us
Brexit Ends Political Union Not Global Trade & Tax Links
Brexit ends political union but not trade links. Many UK businesses are owned by overseas investors.
This slanted video does not bring up say Cadbury's or Liverpool FC owned by Americans
It doesn't highlight the Business Owned overseas by UK business. The Footsie 100 is filled with overseas invested Business.
EU Brexit for Expats - Cyprus Solution
EU Brexit for Expats contains many uncertainties. Expats are concerned to know with cettainty how they will be affected.
Come January 2017 EU Brexit is given momentum by the Trump factor as the new USA president shakes things up globally. The consensus politics of the world are being disrupted and new paradigms are being set.
Read More and Contact Us for Expat Tax, Overseas Property, Wills, Estates, Business
Property Rental & Tax Disclosure
If you are advertising your overseas property rental on third party property rental sites, that service is now required under 'know your client rules' to record your tax number as the landlord.
This is part of Common exchange of information ruleswing introduced globally and company and individual beneficiaries are nowrequire you to now disclose
6 Reasons to Make a Will for Overseas Property Investment
What gets missed, in the excitement and enthusiasm of Overseas Property Investment is the exit strategy if something goes wrong. Over 20 years we have seen many examples where Family, Health, Business issues goes wrong or just change, leading to expense delay and taxes in order to sell an Overseas Property Investment and or Relocate back home.
Our deep understanding helps us guide Expats Living and Working Abroad, or investing in Overseas Property protect the Family Assets and help avoid cost, delay and tax when difficult times arise.
We have created a Free Article for you to Read and Share;- 6-reasons-to-make-a-will-for-overseas-property-investment
Will You Wait for the Date?
When you consider relocation the first thing you consider is somewhere to live. The second is to manage your income, whether from pension, investments, business or as a contractor. When you make the move to become an expat you get busy making local registrations for everything from electricity to visas, tax to social club, bank accounts to medical. We understand this.
Will You Wait for the Date? ProACT Sam Orgill gives 5 Actions to Protect your Overseas Property Investment from Expenses Plus Capital + Inheritance Tax Savings
Read more click the link
3 Big Tax Savings for the Family of Overseas Property Investors
Have you ever had the experience in your family where someone died, or divorced, or remarried leading to a family dispute arose over Property. Where someone within the family fears losing their share of an inheritance, or want to grab it, at the expense of the family membersintended or rightfully beneficiaries.
I have and it is so sad. The loved ones, and future generations, you tried to protect and secure, see their home and finacial security undermined with the family squabble. This is why we make a will or consider life time gifts to ensure your wishes are carried out.
EU Changes to Succession
Changes in European Laws of succession have thrown any plans made up in the air. Expats owning Overseas Property in an EU country could now be subject to forced heirship where only blood or married relatives can benefit - leading to confusion and disputes down the line.
Unmarried couples, children of second marriages, divorced partners, second marriage couples have now got to review there overseas property ownership or risk loss of assets and wealth when something changes.
CONTACT US FOR A REVIEW OF YOUR OVERSEA PROPERTY
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