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Archived posts for May 2009

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Trust money transfers may negate inheritance tax

29

May

2009

Tags:
 HiFX News@ 12:00 AM

Emigrants who make money transfers to life insurance policies held in trust may avoid paying inheritance tax, according to industry experts.

Financial advisor Shelter Offshore recently warned that simply moving overseas does not alter regulations governing inheritance tax payments.

Continue reading "Trust money transfers may negate inheritance tax"...

"Risk in appetite" boosts pound

29

May

2009

 HiFX News@ 12:00 AM

Britons making foreign exchange transactions are likely to find their money goes further in the US and eurozone thanks to a strengthening pound.

Figures published by the Herald recently revealed that sterling grew significantly against the dollar and euro.

Continue reading ""Risk in appetite" boosts pound"...

Long-haul destinations see foreign exchange boost

28

May

2009

 HiFX News@ 12:00 AM

Britons are making more foreign exchange transactions in long-haul destinations, it has emerged.

Expedia recently revealed that far-flung destinations are increasingly popular with UK citizens thanks to favourable exchange rates.

Jonathan Cudworth, head of product marketing at the company, revealed that countries such as Malaysia and Thailand are proving popular with Britons.

Continue reading "Long-haul destinations see foreign exchange boost"...

Advice should accompany money transfers

28

May

2009

 HiFX News@ 12:00 AM

Potential expats should seek advice on their tax and pension money transfers prior to leaving the UK, according to a leading newspaper.

The Times recently encouraged Britons to make enquiries regarding payments towards their income tax and retirement plans.

Continue reading "Advice should accompany money transfers"...

British emigrants feature in Expat Power list

27

May

2009

 HiFX News@ 12:00 AM

Emigrants from the UK are making the most of their overseas money transfers, according to new figures.

A poll by Arabian Business will soon reveal the most successful people working in the Gulf.

The publication expects several former UK citizens to feature in its Expat Power list, which is reported to boast 17 Britons.

Continue reading "British emigrants feature in Expat Power list"...

Tax rates may attract Brits overseas

27

May

2009

Tags:
 HiFX News@ 12:00 AM

Lower rates of income tax may encourage Brits to start making overseas money transfers in order to fund their moves abroad, according to industry experts.

Chiara Cavaglieri, finance commentator, wrote in the Independent that Canada, the US and Australia are likely to appear attractive to potential expats wanting to pay less tax.

Continue reading "Tax rates may attract Brits overseas"...

Millions pay "unnecessary" foreign exchange fees

26

May

2009

 HiFX News@ 12:00 AM

Many UK citizens pay high charges when depending on their credit cards for foreign exchange transactions, a leading bank reports.

Figures from Abbey Credit Cards recently revealed that Britons overseas pay more than £74 million in fees associated with using their cards for international purchases.

Continue reading "Millions pay "unnecessary" foreign exchange fees"...

"Positive growth" forecast for Asian property

26

May

2009

 HiFX News@ 12:00 AM

Overseas investors should consider buying property in Asia before house prices rise, according to industry experts.

Nick Marr, chief executive of Homesgofast.com recently advised UK emigrants to make mortgage money transfers to the region in order to benefit from decreases in the cost of premises thanks to the global recession.

Continue reading ""Positive growth" forecast for Asian property"...

'Low rates may lead to offshore banking increase'

22

May

2009

Tags:
 HiFX News@ 12:00 AM

Expats who transfer their money from British banks could be tempted to open an offshore account, according to a bank.

The Halifax recently pointed out that low savings rates offered by banks may encourage Britons to place their investments with other companies.

Continue reading "'Low rates may lead to offshore banking increase'"...

Commercial investments to decline in price

22

May

2009

 HiFX News@ 12:00 AM

UK entrepreneurs transferring money to overseas investments may be able to snap up premises at affordable rates for some time, according to industry experts.

Commercial property consultants Knight Frank recently explained that the prices of business premises in Europe are likely to fall further.

Continue reading "Commercial investments to decline in price"...

Brits should "plan" foreign exchange transactions

21

May

2009

 HiFX News@ 12:00 AM

Brits moving abroad may miss out on cheap foreign exchange services because they do not have a firm understanding of currency rates, according to industry experts.

Stephen Heath, finance commentator, recently explained that as economies alter it can be difficult to work out which foreign exchange facilities offer affordable deals.

Continue reading "Brits should "plan" foreign exchange transactions"...

Brits should "plan" foreign exchange transactions

21

May

2009

 HiFX News@ 12:00 AM

Brits moving abroad may miss out on cheap foreign exchange services because they do not have a firm understanding of currency rates, according to industry experts.

Stephen Heath, finance commentator, recently explained that as economies alter it can be difficult to work out which foreign exchange facilities offer affordable deals.

Continue reading "Brits should "plan" foreign exchange transactions"...

Online foreign exchange services offer "best deals"

21

May

2009

 HiFX News@ 12:00 AM

Some of the most affordable foreign exchange services can be found online, according to a leading consumer watchdog.

Which? Money study recently urged Britons looking to exchange their money to look to the internet for good deals.

Continue reading "Online foreign exchange services offer "best deals""...

Online foreign exchange services offer "best deals"

21

May

2009

 HiFX News@ 12:00 AM

Some of the most affordable foreign exchange services can be found online, according to a leading consumer watchdog.

Which? Money study recently urged Britons looking to exchange their money to look to the internet for good deals.

Continue reading "Online foreign exchange services offer "best deals""...

Expert advice needed for pension money transfers

20

May

2009

 HiFX News@ 12:00 AM

UK Expats planning on retiring overseas should seek expert advice regarding money transfers to pensions, according to industry experts.

Financial Advice recently stepped forward to remind Brits that the pension system has become more complicated and warned that specialist help may be needed when deciding which schemes will receive international money transfers.

Continue reading "Expert advice needed for pension money transfers"...

Tips to save on insurance money transfers issued

20

May

2009

Tags:
 HiFX News@ 12:00 AM

Brits who make international money transfers to insurance policies have been issued tips on how they can save money.

Shelter Offshore recently published advice that can help to cut expats' outgoings so more funds are available to transfer money to other investments.

Continue reading "Tips to save on insurance money transfers issued"...

Europe "very popular" with families

19

May

2009

 HiFX News@ 12:00 AM

European countries are still proving to be favourite destinations for Brits using foreign exchange services, according to industry experts.

Midlands Co-op Travel recently revealed that UK families are continuing to spend their money in the eurozone despite the weak pound.

Continue reading "Europe "very popular" with families"...

Money transfers 'welcomed' in Spain

19

May

2009

 HiFX News@ 12:00 AM

Expats starting a new life abroad may find they ease into their new communities better by making sure they transfer money to within their local areas.

Speaking to the Telegraph, expat Vernon Hall recently revealed his family's transition abroad was helped by his commitment to make international money transfers to businesses near his home.

Continue reading "Money transfers 'welcomed' in Spain"...

Expat dream "alive and kicking"

18

May

2009

 HiFX News@ 12:00 AM

Many British expats are not planning on cutting the number of foreign exchanges they make amid the global recession, according to new research.

The recent NatWest International Personal Banking (IPB) Quality of Life Report revealed that 44 per cent of UK citizens living abroad are not concerned enough by the economic slowdown to reduce their spending overseas.

Continue reading "Expat dream "alive and kicking""...

Property investors "trust" the US market

18

May

2009

 HiFX News@ 12:00 AM

Brits are likely to find the US economy more appealing than others when making international money transfers abroad, industry experts report.

Mayfair International Realty recently revealed how UK citizens may be drawn to the US when buying property as they have more faith in the market recovering.

Continue reading "Property investors "trust" the US market"...

Health insurance tips issued

15

May

2009

Tags:
 HiFX News@ 12:00 AM

Britons living abroad may have to foot costly medical bills if they do not make money transfers to health insurance policies, finance experts warn.

Shelter Offshore recently joined the government in warning expats to protect their health in both the UK and their new country.

Continue reading "Health insurance tips issued"...

'Latin America withstanding recession'

15

May

2009

Tags:
 HiFX News@ 12:00 AM

Investors planning on making international money transfers to acquire assets may find that Latin America offers many opportunities, according to industry experts.

Scottish Widows Investment Partnership (SWIP) has encouraged Brits to consider the region for investments, which it believes is fairing reasonably well during the global economic slowdown.

Continue reading "'Latin America withstanding recession'"...

Brits may benefit from stronger pound

14

May

2009

 HiFX News@ 12:00 AM

Bank charges could mean that expats using foreign exchange services are losing out on the benefits of the stronger pound, finance experts report.

Recent currency rates reveal that Brits are in a stronger position when making international payments in dollars and euros.

Continue reading "Brits may benefit from stronger pound"...

'Pensions stretch further in Bulgaria'

14

May

2009

Tags:
 HiFX News@ 12:00 AM

The cheaper cost of living in Bulgaria is likely to appeal to "asset-rich" Brits making international money transfers, according to industry experts.

Property magazine Quest Bulgaria recently reported that the region has seen an influx of younger UK emigrants who have been attracted to the affordable lifestyle the region offers.

Continue reading "'Pensions stretch further in Bulgaria'"...

Life insurance money transfers advised

13

May

2009

Tags:
 HiFX News@ 12:00 AM

Brits settling into life in new countries have been advised to make international money transfers to life insurance policies.

Financial advisor Shelter Offshore recently issued tips to expats who are unsure as to whether they need the added expense of paying insurance premiums.

Continue reading "Life insurance money transfers advised"...

'Expats may have tax advantage'

13

May

2009

 HiFX News@ 12:00 AM

UK emigrants using foreign exchange services could find their money goes further if they opt to open accounts with offshore banks, according to finance experts.

International Advisor recently revealed how Britons living overseas could make savings by carefully choosing who they bank with.

Continue reading "'Expats may have tax advantage'"...

Egypt offers "excellent value"

12

May

2009

 HiFX News@ 12:00 AM

Investors should look to Egypt when making international money transfers, according to industry experts.

Property Abroad recently reported that the country could prove lucrative for Brits seeking overseas investment opportunities.

Julie Liddle, emerging markets researcher for the portal, explained that Egypt's economy has been boosted by holidaymakers.

Continue reading "Egypt offers "excellent value""...

'Brits should consider foreign exchange rates'

12

May

2009

 HiFX News@ 12:00 AM

As the recession deepens Brits planning on moving abroad have been advised to consider foreign exchange fluctuations.

Peter Ellis, finance expert, recently pointed out that the economic slowdown had raised the costs of living in popular expat destinations.

Continue reading "'Brits should consider foreign exchange rates'"...

'Expat pensions offer flexibility'

11

May

2009

 HiFX News@ 12:00 AM

Expats making regular international money transfers to an overseas pension may find these schemes off more flexibility, according to a financial advisor.

Shelter Offshore recently encouraged Britons who have moved abroad to plan for their retirement.

Continue reading "'Expat pensions offer flexibility'"...

Foreign exchange boost for Cape Verde

11

May

2009

 HiFX News@ 12:00 AM

Cape Verde has seen an increase in the number of Britons using foreign exchange services.

Located off Africa's west coast, the republic is drawing emigrants thanks to its warm climate and falling house prices, according to Cape Verde Property.

Continue reading "Foreign exchange boost for Cape Verde"...

Isas may impact international money transfers

8

May

2009

Tags:
 HiFX News@ 12:00 AM

Emigrants who need to access their funds abroad in order to make money transfers have been advised to take out Individual Savings Accounts (Isa).

The Telegraph recently encouraged Britons to apply for an Isa before they start their new lives abroad.

Continue reading "Isas may impact international money transfers"...

Portugal "affordable and attractive"

8

May

2009

Tags:
 HiFX News@ 12:00 AM

Expats looking to invest abroad may find that Portugal's financial climate offers many business opportunities.

Information portal NuWire Investor recently stated that Brits making international money transfers to the region will benefit from the ease with which they can set up businesses.

Continue reading "Portugal "affordable and attractive""...

Gibraltar money transfer enquires soar

7

May

2009

Tags:
 HiFX News@ 12:00 AM

Enquiries from UK citizens wishing to make money transfers to Gibraltar have rocketed, property developers report.

Ocean Village recently told how calls from potential expats increased following the latest Budget.

The company explained that a large number of Brits are considering making money transfers involving their mortgages to Gibraltar to escape high taxes.

Continue reading "Gibraltar money transfer enquires soar "...

Croatia currency "growing in popularity"

7

May

2009

 HiFX News@ 12:00 AM

Foreign exchange services are increasingly used by Brits entering Croatia, according to industry experts.

The Post Office recently revealed that the Croatia Kuna has soared in sales this year and stated this reflects the growing number of UK citizens making foreign exchanges in the region.

Continue reading "Croatia currency "growing in popularity""...

'Sweden offers favourable foreign exchange rate'

6

May

2009

 HiFX News@ 12:00 AM

Countries that are traditionally viewed as expensive locations for emigrants may still offer affordable exchange rates, industry experts report.

The Association of Independent Tour Operators (AITO) recently encouraged Britons to consider making foreign exchange transactions in Sweden and Iceland.

Continue reading "'Sweden offers favourable foreign exchange rate'"...

International money transfers rise in New Zealand

6

May

2009

Tags:
 HiFX News@ 12:00 AM

Job opportunities in New Zealand could be responsible for an increase in the number of Britons making money transfers to the country.

Figures from Immigration New Zealand show that in the last year a staggering 83,000 people moved abroad to start new lives in the region.

Continue reading "International money transfers rise in New Zealand"...

Grass is "greener abroad"

5

May

2009

 HiFX News@ 12:00 AM

The majority of UK expats making foreign exchanges abroad feel they are getting a better deal than if they were in their home country, industry experts report.

Amid the recent global recession and the weakening pound, Britons recently stated that they are better off in their adopted lands.

Continue reading "Grass is "greener abroad""...

Investors urged to look to Asia

5

May

2009

Tags:
 HiFX News@ 12:00 AM

Money transfers regarding investments could see a healthy return in Asian countries, according to a leading financial advisor.

Speaking to the Scotsman, Ken Taylor, director of Mackenzie Taylor Wealth Management, recently suggested that money markets in China were performing well compared with those in the US.

Continue reading "Investors urged to look to Asia"...

Eurozone rate cuts may impact emigrants

1

May

2009

Tags:
 HiFX News@ 12:00 AM

Proposed rate cuts may soon benefit emigrants making international money transfers to Europe.

As the credit squeeze continues, experts recently forecast that the European Central Bank (ECB) is likely to reduce rates to give economies a boost, which may interest Britons making money transfers, such as loans, to the region.

Continue reading "Eurozone rate cuts may impact emigrants"...

Middle East proving popular for foreign exchange

1

May

2009

 HiFX News@ 12:00 AM

Destinations in the Middle East are remaining popular countries for Britons making foreign exchange transactions, according to industry experts.

Aviation analysts OAG recently revealed that the region is seeing a steady flow of business travellers despite the global credit crisis.

Continue reading "Middle East proving popular for foreign exchange"...


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