Employee Finance

Whether they're Millennials starting out on their careers or middle managers or senior executives taking up a new post, relocating employees and international assignees need to hit the ground running if they are to maximise their employer's ROI.

Arranging their finances – from tax and banking to pensions and foreign exchange – can play an important part in helping international assignees settle quickly in their new environment and focus on their new role from day one. This section contains a wealth of practical financial guidance – essential reading for both employees and employers.

Latest Employee Finance News

Pay worries despite lowest unemployment rate in four decades

Pay worries despite lowest unemployment rate in four decades

Figures from the Office for National Statistics (ONS) have shown that unemployment in the UK has fallen to its lowest rate in 42 years whilst the number of people in work has hit an all-time high.

Banking

Surprise inflation fall but big rise still expected

The UK's inflation rate, which most commentators expected to rise last month after hitting 1 per cent in September, registered a surprise fall to 0.9 per cent in October.
Canary wharf

Interest rate rise still in doubt in 'robust' UK economy

A sluggish global economy as a result of the slowdown in China has pushed back the prospects of an interest rate rise in the UK, the Bank of England has said.

Foreign Exchange

Currency exchange rates electronic display

The hidden currency costs of relocation

By using a currency broker, international assignees can save money when paying school fees or servicing a mortgage. Michael Freedman, of FXcompared Intelligence, explains how.

Tax

New charge targets British expat pension savers

A little noticed provision of Chancellor of the Exchequer Phillip Hammond’s Budget on Wednesday was to impose – with immediate effect – a 25 per cent tax on UK expatriates moving their retirement pots out of the country.

Global Cost of Living

Global slowdown pegs expat salaries in Gulf

Global slowdown pegs expat salaries in Gulf

According to an annual survey conducted by the magazine Gulf Business, the annual increase in expatriate salaries in the Gulf has slowed down dramatically to below inflation rises in the past year.
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