It has been announced that the UK Government will shortly be issuing a new consultation document in which it will propose that the rate of Stamp Duty, the tax payable on purchase of a property, will increase further for non-residents who buy in England and Northern Ireland.
Posted in Mortgages, Need to know, News, Tax & info, Uncategorized
Tagged British Expats, British Expats Dubai, British financial adviser, Dubai financial advice, expat financial advice, expat mortgages, financial advice Dubai, Independent financial advice in the UAE, Retirement planning, Stamp Duty, UK property, UK property investment, UK property tax, UK Stamp Duty
Retirement planning is rarely seen as an exciting topic but no one can deny that planning for your financial future is important. It becomes even more important when you find out that the vast majority of people are woefully underfunded and are sleep walking into retirement. You cannot rely on a government for full financial support so you have to take action yourself.
Most Western countries, and the UK is a prime example, are sitting on a retirement time bomb. With factors such as an ageing population, falling birth rates, and a combination of the widening gap between what people are saving and the amount they would have to put away to adequately fund their retirement, there are major concerns for the future. This was the finding of a World Economic Forum report, published in 2018.
Posted in General financial information, Investment, Pension
Tagged British Expats, British Expats Dubai, Dubai financial advice, expat financial advice, expat pensions, Independent financial advice in the UAE, independent financial adviser, Keren Bobker, pension, Retirement planning, retirement time bomb, UAE, UK pension
At this time of year it is popular to make New Year resolutions, but how many of those are about our finances? Making sure you are financially fit is as important as vowing to visit the gym regularly but once you’ve taken the initial steps is less time-consuming and you can do most of it whilst sat comfortably on your sofa.
We all have to spend money but can you do it more smartly? Invariably we could all spend less and save more and a little focus rarely goes amiss. With that in mind here’s a list of 10 steps you can take to get yourself financially fitter in 2019.
Posted in General financial information, Need to know, saving money
Tagged British Expats, British Expats Dubai, Dubai financial advice, expat financial advice, expat financial planning, expat pensions, financial advice, financial advice Dubai, Financial planning for women, Independent financial advice in the UAE, independent financial adviser, life assurance, life insurance dubai, New Year resolutions
These are the official dates of public holidays for the UAE for the coming year, as well as notable dates, so you can make a note in your diary now and plan ahead. Actual days off work for both the public and private sector will vary but these are the dates announced by the Government so far.
Posted in General financial information, Need to know, News
Tagged British Expats, British Expats Dubai, consumer advice, Dubai, expat pensions, Independent financial advice in the UAE, independent financial adviser, Keren Bobker, offshore investment, professional advice, UAE, UAE public holidays 2019, UK pension, UK tax, Wills in the UAE
It’s the time of year for seasonal cheer and goodwill to all men so for a little fun I’ve put together something a little different. It can be tough to decide what to buy for your significant other, particularly when they seem to have everything, so sometimes you just need to be creative. Most people know the song The Twelve Days of Christmas so to show someone that they really are your true love you could go all out and recreate it!
Here is your guide to how to find the appropriate gifts for all 12 days to your beloved. This is the UAE so we just have to do things a little differently but if you really want to impress the love of your life this Christmas here’s how you can do it, and most importantly what it is likely to cost you.
Posted in General financial information, Radio broadcasts, Uncategorized
Tagged 12 days of Christmas, British Expats, British Expats Dubai, Capita, Capital Radio UAE, consumer advice, Dubai financial advice, expat pensions, financial advice Dubai, Financial planning for women, Independent financial advice in the UAE, independent financial adviser, Keren Bobker, offshore investment, personal financial planning UAE, Retirement planning, UAE
The UK has a progressive tax system and so the rate of tax payable increases as income increases. All UK residents have a Personal Allowance which means that the first part of their income is free from UK income tax. For the current tax year this is £11,850 and from 6th April 2019 it will increase to £12,500 but you need to be aware of a change in the system.
The Personal Allowance is also available to people who are not resident in the UK provided they are a citizen of a European Economic Area (EEA) country, which includes all British passport-holders. It also applies to anyone who has worked for the UK government at any time during the relevant tax year.
There is however a change in the way that non-residents, expatriates, claim this allowance which has not been widely publicised so if you are UK non-resident for tax purposes and have income arising in the UK, such as rental income, you need to read on.
Posted in General financial information, Tax & info, Uncategorized
Tagged British Expats, British Expats Dubai, British financial adviser, Dubai financial advice, Dubai financial adviser, Financial planning for women, Independent financial advice in the UAE, independent financial adviser, UK expats, UK Personal Allowance, UK tax
As we head rapidly towards the end of 2018 the prospect of Christmas and New Year is daunting for many due to the cost of the celebrations. With Christmas being as much a cultural as a religious event for most people, and New Year being a party time too, this article is all about some hints and tips for budgeting at this time of year.
The holidays are a time when people want to splash out but it is all too easy to get carried away with all the advertising, tempting shop displays, and the associated pressure to make everything perfect.
The cost of living in the UAE is higher than ever and with many people having concerns about expenditure, and even job security, there are ways to cut back but still have a good time.