Wealthy DIY Investors Don’t Need Financial Advice

IFAs are fast becoming irrelevant to a new breed of wealthy and sophisticated investors ready to take on managing their own money. Research shows that DIY investors feel competent dealing with their own portfolios with little professional help. Online platforms and robo-advice are making their task even easier, says research by Cerulli Associates, who spoke […]

Don’t Expect The Tax Man To Offer A Sporting Chance

Homeowners planning to make some extra cash from renting their properties to sports and festival fans this summer need to be on guard for the tax man. If potential renters can see an online advert on web sites like AirBnB, so can HM Revenue and Customs, warns London tax accountant Stefanie Stapleton of Blick Rothenberg. […]

Rip-Off Small Pot Pension Advice Fees Scrapped

Rip-off advice fees for retirement savers with small pot pensions have been scrapped under a new law. The new rules mean retirement savers with pensions that have safeguarded benefits must no longer look for expensive financial advice if they want to cash-in their pots. Safeguarded benefits include benefits such as guaranteed annuity rates. Under the […]

Tax Avoidance Crackdown On Wealthy Expats In Spain

Wealthy British expats in Spain face a tax crackdown as huge amounts of information about their offshore finances is swapped with other countries. Spain’s tax authority, the Hacienda, has new powers and technology to scrutinise data received under the international common reporting standard. Under Spanish laws, every expat should have filed a Modelo 720 tax […]

Mining Digital Coins Is More Expensive Than Digging For Gold

Mining cryptocurrency worth a dollar is three times as expensive as digging out a gold nugget worth the same amount of money. The energy needed to rive farms of mining servers has outstripped the total energy consumed by entire nations and the global environmental impact of the hunt for wealth from digital currency is yet […]

Slumping Pound Boosts Expat Pay In the UK

The Brexit effect of the falling pound has seen British cities plunge down the rankings in the latest list of the most expensive places to live in the world. London has traditionally sat near the top of the rankings, but has even fallen out of the top 100. The city is now the 103rdmost expensive […]

Spotify Manages To Hit The Right Note With Investors

The world’s largest music streaming service has completed the first day of trading on the New York Stock Exchange. Share prices opened at $165.90 – much higher than the expected $132 guide price set by the NYSE in the lead-up to the float. After an initial surge, the price settled at $149, valuing the company […]

How The Political Revolving Door Influences Investing

The world may seem a different place in a few months as a serious of political events unleashes uncertainty about the future of several developed countries. And that political uncertainty is one of the factors that undermines economic growth and market sentiment, according to a detailed study by economist Stephanie Kelly of financial firm Standard […]

Protest Grow Over Tax Demands For Accidental Americans

Thousands of people around the world are facing unexpected tax bills because they are Accidental Americans. Accidental Americans are those considered as US citizens by birth even if they have never set foot in the country. Many are children of American expats captured in the US tax net by the Internal Revenue Service. They are […]

Who Can Have A QROPS Offshore Pension?

QROPS are widely available but come with some restrictions for expats seeking to move their retirement money overseas. With almost 1,300 current schemes across 28 financial centres, a QROPS pension is almost available for any expat. Expat is the first key word. QROPS are designed as a place for retirement savers who have savings in […]