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

Man on a bike in city

Mid-life pension MOTs on road to longer working lives

Former CBI Director-General John Cridland has published his review into the State Pension Age (SPA). It recommends raising the SPA, options for people unable to work in later life and mid-career pensions planning advice.

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.
Family in the park

Helping families meet the challenges of moving to the UK

Assignees moving to the UK face a host of challenges, both practical and emotional. Neil Barsby, head of NatWest Global Employee Banking, explains how having the right bank account can help them and their families to adjust to life in a new country, reducing the risk of assignment failure and enabling the employee to be productive from the outset.

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.
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