Posted on September 23, 2022 by FinancialUAE
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When a new Prime Minister takes office, it is usual for them to want to put their own stamp on things and Liz Truss and her team are doing just that. Kwasi Kwarteng, the current Chancellor of the Exchequer, has made a few announcements today, a mini-budget if you will, or an oddly named ‘fiscal event’ according to the government.
As has been the case in recent years, many measures have already been announced or deliberately leaked so this was largely about clarification.
This article is a brief overview of some of the main points with particular reference to any changes that have relevance to those living outside of the UK and especially in the GCC. The UK press will cover many points in detail but many of the points will not be directly relevant to expats so this article focuses on the points that will be most relevant to us.
EDIT. As this mini-budget went down so poorly, and did such dmanage to UK financial markets, Kwazi Kwateng was replaced by Jeremy Hunt and many of the announcements have since been rescinded so I have commented under each section to clarify. Added comments are in italics.
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Posted on June 20, 2022 by FinancialUAE
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An offshore bank account is a useful tool for any GCC-based expat. You don’t need to be wealthy to have one and there are multiple benefits.
Offshore banks are highly regulated and they are not just for the rich, or for anyone wanting to be a bit shady – quite the opposite!
To find out why an offshore account is right for you, and how to open one, read on…
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Posted on May 30, 2022 by FinancialUAE
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There is no question that we are in interesting times for investment markets and we have all seen falls in the value of our portfolios This article is designed to explain why you really should not worry and why you need to remain invested.
The key thing to remember is that to make money over the long-term it is not about timing the market, but about time in the market.
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Posted on May 17, 2022 by FinancialUAE
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I last covered this topic many years ago, so it is time for an update. If you are a Brit with a foreign husband or wife, or you are not British but are married to a Brit, this article is for you.
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Posted on April 24, 2022 by FinancialUAE
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Join us on Wednesday 27th April at 1pm UAE time, for a presentation about a property investment opportunity that will complete soon. Tenant enquiries are already being taken so this is a good option for anyone who wants to complete a purchase in the next few months.
If you miss the date, let me know as the presentaton is being recorded.
I have written about options for UK property investment a few times and in most cases these are off-plan developments with completion some time ahead. I know a few clients would prefer quick completion so I would like to share details of an opportunity that fits that requirement
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Posted on March 23, 2022 by FinancialUAE
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The Spring Statement is essentially a mini-Budget, allowing the Chancellor of the Exchequer to make announcements, some minor changes, and to provides updates on the economy. It does not usually include major tax or spending changes.
This is not an easy time for the UK with an economic backdrop of rising energy, fuel and food costs.
This article is a brief overview of some of the main points with particular reference to any changes that have relevance to those living outside of the UK and especially in the GCC. The UK press will cover many points in detail but many of the points will not be directly relevant to expats so this article focuses on the points that will be most relevant to us.
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Posted on February 25, 2022 by FinancialUAE
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On 24th February, we woke to the news that Russia had invaded Ukraine. The situation had been deteriorating for a while but now we have the terrible reality of military conflict.
The article is about financial matters, not politics, but they are closely aligned and I want to tell you why you shouldn’t panic about falls and fluctuations in stock markets – and what you must not do.
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Posted on January 3, 2022 by FinancialUAE
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Many of us make New Year resolutions, but how many of those are about our finances? And how many of them do we really keep?
2020 and 2021 have been tough years for large numbers of people and we can’t be sure of what else is in store, but knowing you have taken all the right financial steps will put you in a good position to weather any future storm.
Invariably, we could all do a little better and some focus rarely goes amiss. With that in mind here’s a list of 10 steps you can take to get yourself financially fitter in 2022.
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Posted on October 27, 2021 by FinancialUAE
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As has been the case for the past couple of years, many of the Budget measure have been leaked or drip-fed to the press so we were not expecting much in the way of surprises and there is nothing that dramatic.
This article is a brief overview of some of the main points with particular reference to any changes that have relevance to those living outside of the UK and especially in the GCC. The UK press will cover many points in detail but many of the points will not be directly relevant to expats so this article focuses on the points that will be most relevant to us.
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Posted on October 12, 2021 by FinancialUAE
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In an uncertain world, it is understandable that we have seen an increase in interest in investing in property. It is human nature to want to put your money into something that you can see and touch.
Property markets are not equal and the legalities and potential for growth and/or income vary hugely but Europe still presents many opportunities for long-term investment and yield.
Surveys have shown that many expats are keen to invest in property in their home country either as they consider it a more secure place than where they are currently living, or as a potential base should they need to move back.
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