Financials
How much does it cost to buy a property in America? How much does it cost to maintain a property in America? How can you finance the property? What about employment, claiming your pension in America, or finding other sources of income? And what is the biggest financial mistake that US property buyers make? Find answers here…
A simple way to save money
23rd February 2012 - 06:32
While caught up in the excitement of buying a property in the USA, you may
not have stopped to consider how you’re actually going to transfer
your funds to America, but this important step deserves serious
consideration if you want to avoid unnecessary expenses. In fact, well
informed buyers actually save money in the process.
Even if you are getting your mortgage through an American bank, you will
still need to have quick access to a lump sum for your deposit and you
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Claiming your pension in the USA
24th November 2011 - 06:58
If you contributed to a British pension when you lived in the UK, all is
not lost just because you moved to the USA. Even if your contributions were
very small and you made them a long time ago, you are still entitled to
receive your state pension. If your pension fund was with a British company
or if you made social security contributions, your funds will have been
frozen when you ceased employment.
Although these funds will not grow in the absence of your contributions,
your
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Tax planning for a move to the USA
12th October 2011 - 03:38
Moving abroad can make your tax situation complicated if you don’t
do your research, but from the outset you should know that the UK has a
double taxation treaty with the US, which means you can’t be taxed
twice on the same money earned or gained. However, you can still be subject
to UK tax after you have moved if you have substantial investments in the
UK. For example, if you continue to rent out a property in the UK and your
income is above a certain threshold then you will
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The Cost of Living in the US
31st August 2011 - 04:21
If you’ve visited America in the past five years, you will probably
have gone home with multiple items that you found cheaply over here because
the rate of exchange in recent years has meant consumables have been cheap.
To a certain extent that remains true. The reality is that many
“American” goods are cheap, mass-produced Chinese imports. Now
China is developing a stronger economy and Americans are demanding more
home-produced goods, this may not continue. Since the
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The Best Way to Finance a Property in America
21st July 2011 - 04:45
Experience tells us to go with what we know, but sometimes, given the
right advice, it’s a good idea to step out of the box. Everyone knows
how much exchange rates can fluctuate, but the rates don’t just
change daily; they change several times a day. So, how do you know what
rate you will get when the time comes to transfer funds to buy your dream
property in America? You don’t.
The way to navigate the exchange rate successfully is to use a currency
exchange
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