10 Tips to Securing your Foreign Currency Transactions
Worried about how to keep your money safe while travelling? Here are tips on foreign currency transactions that will help you stay secure.
Worried about how to keep your money safe while travelling? Here are tips on foreign currency transactions that will help you stay secure.
As it stands, sterling’s rally is good news for Brits sending currency abroad. Anyone moving £100,000 to Australian dollars could have gained AU$5,500 in the space of just 10 minutes, from before to after the exit polls were announced.
Westpac is accused of 23 million breaches of the anti-money laundering and counter-terrorism financing law, with the alleged breaches include transfers of money to the Philippines for child sex exploitation.
The ongoing drama, as a result of the Brexit impasse, is playing havoc with the pound’s value and creating significant volatility, which is influenced by the smallest amount of good or bad news.
SPECIAL FEATURE: How do the new US-China trade tariffs affect us and what are the consequences for the Australian dollar (AUD)?
SPECIAL FEATURE: What influences movements in exchange rates? And more, what makes them ‘volatile’? That word gets thrown around a lot in the foreign exchange space, but what does it mean?
While the growing market of foreign exchange is seeing many players rapidly appear then disappear, it doesn’t mean that the bank is the only way to go.
OPINION & ANALYSIS: Society cannot withstand a launch of a cryptocurrency in Facebook’s infamous “move fast and break things” style.
The impact of Brexit indecision cannot be understated. Continuing delays mean that households and businesses remain hostage to the crippling economic uncertainty that has already been plaguing the UK since the referendum in 2016.
Transferring funds overseas to pay a mortgage can be daunting. But it doesn’t need to be.
When purchasing property in another country, it could be difficult to find the appropriate financing option, especially since some countries might not have any financing options for foreign buyers at all.
Now that the latest dates for a meaningful vote on Theresa May’s Brexit deal have passed, what’s next and what can you do with your money?
Here are the six most important questions our banks will need to answer for their stakeholders to regain trust:
The Chancellor also announced a change to the CGT rules on the sale of a residential property. Going forward, if CGT is due, a payment on account will be required.
The annual allowance for tax relief on pensions has been fixed at the current level of £40,000 since 6 April 2014. The previous allowance was £50,000 and prior to 6 April 2011, the annual allowance was as high as £255,000.
There are special reporting requirements and the possibility of a tax bill when you sell your home in the UK and you are living overseas.
The statutory resident test (SRT) is used to determine if someone is resident in the UK for tax purposes when coming to the UK.
Announcing the retreat after failing to secure support from cross-benchers including Pauline Hanson, Mathias Cormann reaffirmed that the government remained committed to the cuts, and cast the July 28 byelections as a referendum on them.
Returning home for good is an important financial milestone for any returning expat, so you may even want to start planning for leaving your adopted home as soon as you arrive.
The recent Australian state level land tax changes for Australian property owners are important and something to ensure that each property owner is aware of and registered for if applicable, according to expat property and tax firm ATS.
SPECIAL FEATURE: Do expats, especially those living in the UK, the USA or Australia, have to pay taxes? What is a foreign tax credit? What exchange rate do I use? The answers to these questions and more...
SPECIAL FEATURE: Timing tricks help politicians avoid dealing with the substance of their policies. That isn’t going to change any time soon.
If successful, proposed changes would take away any rightful Capital Gains Tax Free status for a family home if sold when living overseas. Expat property and tax firm ATS has been leading a formal submission and petition against the changes.
The best way to reduce the stress of a big move overseas is to plan ahead. Preparing as much as possible before your international relocation will help everything go as smoothly as possible.
It is never an easy decision on whether to fix your interest rate on your loans, so we have put this quick guide together to assist you in assessing your options.
The Tax-Free Childcare Scheme (TFCS) was launched in April 2017 to the first tranche of working parents.
In December 2017, the US Senate approved reforms to the tax system put forward by Donald Trump and his administration.
AUSSIE LENDING UPDATE: We continue to see great change in lending conditions in Australia, especially for overseas based borrowers.
Your new year should be in full swing by now. If you haven't completed your 2017 UK tax return by now, you'd better get going with it right away.
OPINION & ANALYSIS: Public housing might get some people off the streets, but it also puts many people permanently onto the backs of the taxpayer. Albeit well-intentioned, it is a poor substitute for a vibrant private housing market.
TAXING MATTERS: An understanding of the local tax system is a must if your non-Australian partner or family are planning to move there, writes Steve Douglas.
AUSTRALIAN LENDING UPDATE: We continue to see great change in lending conditions in Australia, especially for overseas based borrowers.
LitePay International Payments offers a secure and safe way to transfer money from Australia to family and friends in the UK with a low transaction fee and competitive FX rate.
AUSTRALIAN TAX UPDATE: Federal and state taxes have seen some significant developments that you need to know about.
This can be a complicated area and landlords are often surprised at the expenditure that can and cannot be claimed.
THE LUCKY COUNTRY: If you have an innovative start-up idea, or have an existing business you want to bring to Oz, you could very well be in with a good chance of success.
The impromptu election was expected to be a simple win for Theresa May and the Conservatives, but nothing has gone to plan. The effect on the pound could be substantive, with volatility correlating to recent polling results and sensational international politics.
The Australian Financial Review have released their 2017 rich list. Check out who made the top 10 and how many billions they are worth.
The ultimate value of your experience abroad will depend on your willingness to take risks and embrace the newness and uncertainty that comes with living overseas. Ultimately, living overseas can be challenging, but it’s worth the effort.
Whether you’re a forex pro or a total newbie, it can be hard to tell the fact from the fiction when it comes to foreign exchange.
There are penalties for failing to file the NRCGT return within the deadline and also for failing to pay the tax on time.
There are a number of reasons why you might need to complete a Self Assessment tax return if you earn British income.
Ready to make your big move abroad? Before you go, here’s a list of the biggest expat mistakes made by first-timers and how to avoid making them.
OPINION: Airbnb has had perhaps the most long-standing and significant influence in Australia, in most cases prior to any specific legislation being created to regulate it. And if trade and commerce are free of regulation, they are also free of government control, protection and taxation.
January can be a real b*itch when it comes down to finances...
Given the fallout from Brexit, the fragility of the euro, plus Trump’s election victory, the Fed may take a cautious stance.
Treasurer Scott Morrison says so-called 'backpacker tax' negotiations will be finalised "this week".
Sun, sand, surf, tips-free meals and a farewell tax refund can all be yours, Down Under.
As results came in, it became apparent that the polls had it wrong. All eyes will now be on the US Dow Jones opening in Trump's America.
You wake up to an email from the Department of Immigration with your Australian visa grant. All the hard work has paid off - and you’re finally cleared for emigration. But what about your money?
[mc4wp_form id=”2384248″]
In recent years, Instagram has transcended its original purpose as a simple photo-sharing app, emerging as a powerhouse in the...
Social media impacts our love lives especially if you're in Brisbane, you might have noticed a few changes in the...