The Finance/Savings/Investments Thread...
May 23rd 2008, 1:06 pm
#16
Banned
Joined: Jan 2008
Location: Bowsher - foot of the mountain, head of an ass.
Posts: 264
Re: The Finance/Savings/Investments Thread...
I am in the position of being paid in the UK tax-free, but am about to move out here full time. My employer has stated because I am being 'seconded' to the ME, I still have to be paid in the UK, because that is where my contract is based.
Can anyone advise on banks that can handle the idea of a monthly transfer from a UK branch to a UAE branch, that wont screw there nose up and tell me how much its gonna cost me in SWIFT charges???
Can anyone advise on banks that can handle the idea of a monthly transfer from a UK branch to a UAE branch, that wont screw there nose up and tell me how much its gonna cost me in SWIFT charges???
Contract law is not tax law and there is no reason why they cannot pay you offshore if you really are non-resident for tax purposes. I'm impressed that you are paid tax free in the UK too!! Well done.
Do you know what I recommend - just go there every now and again and take 7 or 8 K out of the bank - declare it to customs and change is at your leisure. I do it the other way round because I can't be arsed with transferring money.
May 25th 2008, 6:44 am
#17
BE Forum Addict
Joined: Mar 2007
Location: Abu Dhabi
Posts: 3,968
Re: The Finance/Savings/Investments Thread...
I have 2 quick questions:
I am paid in GBP from my office in Singapore direct into my offshore account, Every now and then i will transfer 'living money' so to speak into my local UAE AED current accout. Both accounts are HSBC. What is the cheapest way of doing this?
also i have a one off transfer of approx 150K AED that i need to either place in my offshore account or my RBOS account back home.
What is the cheapest way of doing this?
cheers
I am paid in GBP from my office in Singapore direct into my offshore account, Every now and then i will transfer 'living money' so to speak into my local UAE AED current accout. Both accounts are HSBC. What is the cheapest way of doing this?
also i have a one off transfer of approx 150K AED that i need to either place in my offshore account or my RBOS account back home.
What is the cheapest way of doing this?
cheers
May 25th 2008, 6:50 am
#18
Concierge
Joined: Feb 2007
Posts: 29,625
Re: The Finance/Savings/Investments Thread...
where is Meow when you need her, I know she knows of a way to transfer amounts of over 10,000 Sterling very very cheaply. PM her AA 
May 25th 2008, 7:54 am
#19
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: The Finance/Savings/Investments Thread...
I have 2 quick questions:
I am paid in GBP from my office in Singapore direct into my offshore account, Every now and then i will transfer 'living money' so to speak into my local UAE AED current accout. Both accounts are HSBC. What is the cheapest way of doing this?
also i have a one off transfer of approx 150K AED that i need to either place in my offshore account or my RBOS account back home.
What is the cheapest way of doing this?
cheers
I am paid in GBP from my office in Singapore direct into my offshore account, Every now and then i will transfer 'living money' so to speak into my local UAE AED current accout. Both accounts are HSBC. What is the cheapest way of doing this?
also i have a one off transfer of approx 150K AED that i need to either place in my offshore account or my RBOS account back home.
What is the cheapest way of doing this?
cheers
Aslo assuming yo have set all your HSBC accounts (Premier?) up so you can do transers online, you are not supposed to be explicitly charged for transfers between any HSBC accounts for amounts over (I think) GBP 2,000.
May 25th 2008, 10:40 am
#22
A bubbly-jock...
Joined: Mar 2005
Location: Teneriffe
Posts: 6,262
Re: The Finance/Savings/Investments Thread...
May 25th 2008, 12:48 pm
#24
A bubbly-jock...
Joined: Mar 2005
Location: Teneriffe
Posts: 6,262
Re: The Finance/Savings/Investments Thread...
Off hand, I think they are a species of brine shrimp that are sold in novelty shops for kids to watch them hatch and grow in an aquarium. Em tasol.
May 25th 2008, 12:49 pm
#25
Lost in BE Cyberspace
Joined: Sep 2006
Posts: 18,187
Re: The Finance/Savings/Investments Thread...
May 25th 2008, 8:33 pm
#29
MODERATOR
Joined: Dec 2004
Location: Dubai
Posts: 6,373
Re: The Finance/Savings/Investments Thread...
Oh well...
I've been in a savings/insurance scheme for the past 5 years already...It is supposed to be a 30 year thing, coupled with life insurance as well...The fund that I initially started with was underperforming; 3% gains in a period of 3 years and my advisor wasn't following up on it or alerting me to change the fund...About 7 months ago, I adopted a more aggressive approach and axed the old fund and introduced new funds, still not very good what with the credit situation in the US and all...So I added a third fund which has performed extremely well in the past 4 years... But, i cannot find any info on that fund on the net...
Does the FA have exclusivity on the information regarding those funds???
I've been in a savings/insurance scheme for the past 5 years already...It is supposed to be a 30 year thing, coupled with life insurance as well...The fund that I initially started with was underperforming; 3% gains in a period of 3 years and my advisor wasn't following up on it or alerting me to change the fund...About 7 months ago, I adopted a more aggressive approach and axed the old fund and introduced new funds, still not very good what with the credit situation in the US and all...So I added a third fund which has performed extremely well in the past 4 years... But, i cannot find any info on that fund on the net...
Does the FA have exclusivity on the information regarding those funds???
FA's do not have exclusivity on fund information...
N.
Last edited by Norm_uk; May 25th 2008 at 8:39 pm.
May 25th 2008, 8:41 pm
#30
MODERATOR
Joined: Dec 2004
Location: Dubai
Posts: 6,373
Re: The Finance/Savings/Investments Thread...
I am in the position of being paid in the UK tax-free, but am about to move out here full time. My employer has stated because I am being 'seconded' to the ME, I still have to be paid in the UK, because that is where my contract is based.
Can anyone advise on banks that can handle the idea of a monthly transfer from a UK branch to a UAE branch, that wont screw there nose up and tell me how much its gonna cost me in SWIFT charges???
Can anyone advise on banks that can handle the idea of a monthly transfer from a UK branch to a UAE branch, that wont screw there nose up and tell me how much its gonna cost me in SWIFT charges???
N.
