Expat Financial Planning Blog - Keeping You Informed To Keep You Ahead

Expat Financial Planning Blog

A financial planning blog designed exclusively for expats

Our blog site is designed exclusively to inform on issues that relate to and impact expatriates around the globe.We cover a wealth of topics that include insurances - pensions - investments - estate planning and tax - all designed to keep you informed and up to date.

Three filters are provided to enable you to quickly find the information you seek - "Categories" - "Tags" & "Archive"

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If you would like to ask questions or discuss any issues that relate to any blog post we will be happy to address these with you.

Regards

CSM Ltd - Expat Financial Planning Blog Team

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Dive Instructor Fighting For Life After Stroke

Dive instructor & Oxford University maths graduate fights for life after massive stroke aged 39

A diving instructor is fighting for his life in a Thai hospital after suffering a stroke in his sleep.

Dan Robinson, 39, who is originally from Deighton, suffered a stroke on Ko Tao, an island in the Gulf of Thailand where he has been working as a dive instructor.

The former Greenhead College student, who has been living in Thailand for several years, was taken ill on Wednesday - a year to the day since he married his partner Jurait.

BBC to pay GBP 340m to fund pension scheme

BBC agree to new payment plan to try and bridge pension deficits

The BBC will make annual contributions until 2028 to reverse the current £1.8bn deficit of its defined benefit pension scheme.

The television network as agreed to a new repayment plan, which will imply paying £2.37bn over the next 11 years.

Next year alone, BBC will pay £340m, according to the company’s annual report.

The new repayment plan is the result of a triennial actuarial valuation, completed in June 2017.

MP's probe universities' GBP 12.6bn pension deficit

UK university pension deficits more than double since 2014

The deficit of the pension scheme funding the retirements of UK university staff has more than doubled in three years, and now a prominent MP is asking why.

The Universities Superannuation Scheme (USS) provides pensions for academics and has 390,000 members across 350 universities in the UK.

The annual accounts of the USS, showed the pension fund’s deficit had widened from £5.3bn in 2014, to £12.6bn this year. This is the largest recorded deficit of any UK retirement fund.

Deadline for FATCA FFI agreement quietly extended

FATCA FFI decline extended

Accounting industry sources have flagged up the fact that the Internal Revenue Service (IRS) is now stating that the deadline for FFI Agreements to be renewed is October 24, 2017.

This is the new date by when foreign financial institutions located outside of the US , that wish to remain compliant with the Foreign Account Tax Compliance Act (FATCA) – thus retaining their GIIN (Global Intermediary Identification Number) – are obliged to update their FFI Agreement.

Airlifted from Mauritius

Airlifted from Mauritius

In April 2016, an expat family in Mauritius faced every parent’s worst nightmare when a bad headache soon proved to be a lot more sinister for their 10 year old daughter.

Jamie Copsey and his wife Olivia live on Mauritius with their children Patrick, Matilda (Tilly) and Ferguson.

ReDev Properties announce unconditional sale of Daly Grove Centre

Another successful ReDev Plaza project sold in 2017

TORONTO, Aug. 23, 2017 /CNW/ – Richard Crenian, President of ReDev Properties Ltd., is pleased to announce the unconditional agreement to sell Daly Grove Centre located at 4205-4259 23rd Avenue, Edmonton, Alberta, Canada. CBRE, Edmonton was engaged as the broker for the vendor.

Pensions battleground in divorce cases

Pension assets become battleground in divorce cases

Court orders to split a couple's pensions in the case of a divorce are on the rise, with lawyers seeing a 43 per cent increase in the last year.

Rising asset values make it increasingly attractive for divorcees to seek a share of their spouse’s pension, according to law firm Collyer Bristow.

The number of pension sharing orders, which are issued by courts to divide a pension following a divorce, rose to 11,503, up from 8,027 in 2015/16 - This is despite a 3 per cent fall in divorces in the UK.

5 common mistakes UK expats make with domicile & tax

Misunderstandings persist around issues of domicile - IHT - Wills & tax

British expats still have some crucial misunderstandings about their domicile status and tax position that could leave them and their loved ones financially exposed and even land them in trouble with HM Revenue & Customs, warns Rachael Griffin at Old Mutual Wealth.

The research from Old Mutual International shows that a lack of knowledge can lead to unexpected consequences.

"Inheritance tax will be a concern for many UK expats and appropriate planning needs to be in place to mitigate any on-going liability.”

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