5 Ways To Save Tax With Offshore Bonds

saving and money in a jar

Everyone wants their savings to work harder, and for British expats offshore bonds are a good way to squeeze every penny out of an investment. Offshore bonds are effectively a portfolio of up to 100 insurance policies that hold savings in a tax-efficient wrapper. The main advantage of saving into an offshore bond is ‘gross … Read more

Categories Tax

Pensions Overhaul Frees Doctors From Taper Trap

The National Health Service, NHS, Logo

Budget 2020 was big on spending but light on cutting taxes – but pension rules have changed for the highest earners. The tapered annual allowance for pensions has been a buffer stopping doctors working longer hours because their pay arrangements meant earning more put them at risk of tax penalties as much of the extra … Read more

How Coronavirus Is Impacting The Climate And How We Work

home office

Coronavirus will change the way we live and do business, according to a technology expert. Up to now, the technology has been available but not used to full potential, but the fear of catching and spreading the deadly illness has changed the world. Businesses are facing seismic changes as markets dry up and travel plans … Read more

Cost Of Living Overseas Is A Shock For Expats

expensive

The cost of living in a new country is a concern for many expats who find their bills are higher than expected. Half are forking out more than planned after moving, research by Axa Global Healthcare reveals. Expats with families are especially hard hit, with 40% shocked by the cost of higher education and one … Read more

Spending Cash Is Becoming A Thing Of The Past

The days of handing over cash could be numbered as the economy is in a shift to digitisation, warn campaigners. New laws are needed to protect the pound in the pocket, says lobby group Access to Cash Review. And they are calling on Chancellor Rishi Sunak to take urgent action to protect spending money in … Read more

Crypto Platform Slammed For Misleading Advertising

Crypto-derivatives trading platform BitMEX published misleading advertising in a leading UK newspaper with a graph showing exaggerated returns from investing in Bitcoin. Consumer watchdog the Advertising Standards Authority (ASA) ordered the exchange not to publish the ad again – and to make sure future financial claims were laid out in a way that could be … Read more

Best And Worst Cities To Live For Expats

Austria

The Syrian capital of Damascus is rated the worst place to live in after suffering from years of civil war, according to a new global survey. The city scored a measly 30.7 points out of an ideal score of 100 to come bottom from 140 cities in the 2019 Economist Liveability Survey. Not far behind … Read more

Watchdog Plans UK Ban On Crypto Derivatives

watch dog

City regulators are proposing a ban on selling investors derivatives and exchange traded notes based on cryptocurrency. The Financial Conduct Authority believes consumers fail to understand the risks of the market. A damning analysis fears investors face sudden and unexpected losses and argues the market should be cleared of poor products. The FCA went on … Read more

Men Take More Risks With Their Money Than Women

risk reward

Men are more likely to take risks when investing their money than women, who are much more conservative with their cash. One in four men will invest any spare cash they have in riskier investments, compared to one in six women. But just over half of men (51%) are confident that their investments will deliver … Read more

We All Worked 149 Days This Year Just To Pay Our Tax Bills

taxes

Taxpayers worked 149 days in 2019 just to earn enough to pay their taxes – but from May 30 onwards, all the money they earn belongs to them. This was the latest date Tax Freedom Day has fallen in the year since 1995, says financial think-tank the Adam Smith Institute. Every year, the institute crunches … Read more

Categories Tax