Expat Focus Offshore Banking
Offshore BankingOffshore Banking
Bahamas’ offshore banking industry ‘meets tax standards’
11/03/2010
The Bahamas has become the latest offshore banking centre to have reached the internationally agreed tax standards of the Organisation for Economic Cooperation and Development (OECD). Read more
Savings account holders warned of Australian interest rate slow down
10/03/2010
Savings account holders in Australia could see interest rate rises put on hold in the coming months, according to an expert. Read more
Brits moving abroad ’should consider offshore banking’
10/03/2010
Brits considering a move abroad have been advised to research international savings accounts and offshore banking.
Expat advice publication Shelter Offshore made the suggestions following a poll by the Foreign and Commonwealth Office which revealed 42 per cent of over 55's are thinking of relocating overseas. Read more
Expat advice publication Shelter Offshore made the suggestions following a poll by the Foreign and Commonwealth Office which revealed 42 per cent of over 55's are thinking of relocating overseas. Read more
Concerns raised over funds in pensions and savings accounts
09/03/2010
A significant number of Brits are concerned that their pensions and savings accounts will not provide them with enough money for retirement.
According to a new survey by the National Association of Pension Funds (NAPF), just 34 per cent of people believe that the savings they have put aside will not allow them to live comfortably in their later years. Read more
According to a new survey by the National Association of Pension Funds (NAPF), just 34 per cent of people believe that the savings they have put aside will not allow them to live comfortably in their later years. Read more
‘Consider interest rates’ when choosing a savings account
08/03/2010
People should consider the interest rates paid on savings accounts before putting their money aside, according to Fool.co.uk.
The financial advice website said that those hoping to open an Isa this year should move quickly as the deadline is looming. New limits will also apply to Isas taken out after April 6th. Read more
The financial advice website said that those hoping to open an Isa this year should move quickly as the deadline is looming. New limits will also apply to Isas taken out after April 6th. Read more
International savings account holders affected by exchange rates
05/03/2010
Expats in Australia will be finding that the funds in their international savings accounts are not going as far as expected as the country's currency is experiencing its best exchange rates for a decade.
The Sydney Morning Herald reports that the Australian dollar reached new highs against both the euro and dollar this week as well as achieving the best exchange rate against the New Zealand dollar in almost a decade. Read more
The Sydney Morning Herald reports that the Australian dollar reached new highs against both the euro and dollar this week as well as achieving the best exchange rate against the New Zealand dollar in almost a decade. Read more
Low interest rates mean fixed-term savings accounts offer best deal
05/03/2010
The Bank of England's decision on interest rates this week means that savings account holders will have to be more savvy about where they place their money, according to Defaqto. Read more
Savings account holders face continued low interest rates
04/03/2010
Savings account holders in the UK are not likely to see interest levels rise in the coming month as the rate remains unchanged.
The Bank of England's Monetary Policy Committee decided to leave the official rate paid on commercial bank reserves at 0.5 per cent. Read more
The Bank of England's Monetary Policy Committee decided to leave the official rate paid on commercial bank reserves at 0.5 per cent. Read more
Brits placing lower level of income in savings accounts
04/03/2010
Brits are placing the lowest proportion of their income into savings accounts for over two years, according to new figures.
National Savings and Investments have found that an average member of the public is setting aside 6.25 per cent of their income in savings accounts each month, which is the lowest percentage recorded since the summer of 2007. Read more
National Savings and Investments have found that an average member of the public is setting aside 6.25 per cent of their income in savings accounts each month, which is the lowest percentage recorded since the summer of 2007. Read more
Eurozone inflation fell in February, savings account holders told
03/03/2010
Inflation in the eurozone area has been estimated at 0.9 per cent for February, international savings account holders have been told.
Figures from Eurostat, the statistical arm of the European Commission, show that the rate of inflation dipped slightly from the one per cent measured in January. Read more
Figures from Eurostat, the statistical arm of the European Commission, show that the rate of inflation dipped slightly from the one per cent measured in January. Read more