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…

 

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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  more...

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  more...

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  more...

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  more...

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  more...

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