When you become an expatriate you undergo a surprising number of changes - your tax situation improves, as generally does your standard of living. However, you often lose state healthcare and free schooling, your company pension freezes and your life assurance may become invalid. Furthermore, you still have to be aware of your tax liabilities back home for when you repatriate or dispose of an asset.

Whilst Candour would always recommend getting sound, impartial advice on your individual circumstances, the articles below provided will give you a good basic understanding of the principles on which we base our advice and your financial status as an expatriate. We also invite you to download our guide to financial planning for expatriates.

Once you are aware of the fundamentals, please feel free to Contact Us should you wish to apply this to your personal circumstances and plan accordingly.

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Advice on... Offshore Banking
Choosing an offshore bank account is not as easy as one might think. The choice of accounts on offer expands each year, with new products regularly entering the rapidly maturing sector.

Advice on... Tax Efficient Savings & Investment

The main reason many of us become expatriates is to become financially secure. However, reaching this goal will involve choosing the right tax-efficient savings plans and investments for your personal circumstances.
 

Advice on... Expatriate Medical Insurance
Having medical insurance while you're abroad is essential but it is not going to be much good if there are conditions that are not covered under your plan. Many medical insurance policies contain a few glaring exclusions that could trip you up but a little time spent going over a company’s terms and conditions will bring to your attention some omissions in plans that you may want to know about before you sign.
 

Advice on... Retirement Planning for Expatriates
Spending part of your working life overseas can be disruptive for your pension arrangements, but with careful planning it may be possible to maintain the continuity of your retirement planning. The articles below cover most of the possible eventualities you are likely to encounter as an expatriate:

Advice on... Residency & Taxation
Many expatriates fall into the trap that, because they live in a tax free environment now, they do not need to worry about tax. However, without careful planning, all the assets they have built up could be seriously eroded when they return home, retire in the sun, or die.

Advice on... Life Assurance

Expatriates require life assurance just like everyone else. Add to this the fact that our families will need money to repatriate should the worst happen, life assurance for expatriates is essential. The articles below will provide you with the basics regarding life assurance, income replacement and critical illness policies for expatriates.