Expat Wins Right To Take Job Gripes To British Tribunal

Expats working overseas for British companies may take claims before UK employment tribunals following a landmark ruling. Lawyers claim the case could mean thousands more employees scattered around the world working for British-based firms gain protection from employment laws in the UK. Until the case went before a tribunal, the general rule was where a […]

Brexit Could Have Been Worse For The UK, Says Economists

Brexit’s not that bad really, says economists who forecast recession and financial chaos after the June referendum to leave the European Union. As the world moves on, successive companies claim they have suffered no downturn on their profits from Brexit. The Organisation of Economic Co-Operation and Development (OECD) even reckons Britain will be the only […]

Brexit Is Go As May Triggers Article 50

Britain has finally started talks to leave the European Union after the Brexit referendum voted ibn favour of the split. Nine months and a few days after the referendum, Prime Minister Theresa May has written to European Council president Donald Tusk. Her six-page missive basically said thanks for having us, but we’re off and would […]

Markets Wait On Fed For Interest Rate Rise

All eyes are on the US Federal Reserve as interest rates were left at a record low of 0.25% by the Bank of England in the face of better than expected economic data. Markets are waiting with bated breath for the Fed to hike interest rates – which chair Janet Yellen has hinted will happen […]

May Under Pressure To Do A Brexit Deal For Expats

Pressure is mounting on Prime Minister Theresa May to promise to safeguard the rights of European Union citizens in the UK after Brexit. Parliamentary groups in Britain are urging her to make a unilateral declaration as a show of good will to other European governments before Brexit talks start. May and her ministers have already […]

Britain’s Love-Hate Relationship With Europe Ends In Divorce

Britain is leaving the European Union – the first major economy to vote to withdraw from the trade and economic bloc. After 43 years of a love-hate relationship, British voters said no to closer ties with the EU, no to accepting more migrants and no to accepting laws made in Brussels. Voting 52% to 48% […]

What Brexit Means For British Expats In Europe

Close to 1.2 million British expats in Europe are worried that a Brexit leave vote will lead to a huge upheaval in their lives. The future for expats looks bleak on several fronts if Britain leaves the European Union, according to a respected European think-tank. Expats on both sides of The Channel will be left […]

HMRC, HM Revenue And Customs

HM Revenue and Customs (HMRC) is the agency tasked with collecting the money the government declares everyone should pay in tax. The agency also oversees the payment of some state benefits, such as child benefit, and plays a regulatory role supervising compliance with legislation such as the national minimum wage. Established in 2005, the department […]

Pension Freedom – Taxing Your Retirement Cash

Working out how much pension cash you will actually have can be rather taxing. Remember that the following tax rules apply to UK taxpayers and that expats who are tax resident elsewhere will have a different pension tax regime. They should take local professional financial advice about the best way to take their pension cash. […]

Pension Freedom – How To Pay Less Tax

Pension providers must deduct income tax from any payments they make to you in the same way an employer takes tax and national insurance from your salary. This can trigger tax issues for some retirement savers if the tax due on any pension withdrawal is set off as an emergency tax because the personal allowance […]