Posted: 8th July 2016 | Written by: Patrick Maflin
With uncertainty comes opportunity, and yacht crew will already be reaping the benefits of a weaker Pound if they are paid in Euros or Dollars. For anyone wanting to enter the property market there is also further good news as the Bank of England announced plans to allow banks and building societies to increase their lending, so it will now be easier and cheaper to obtain a mortgage.
Posted: 24th June 2016 | Written by: Patrick Maflin
When the world woke this morning social media and the news outlets were ablaze with the news 'Britain has voted for Brexit'. The UK is in a state of shock and despite the many polls during the referendum, nobody could have predicted this outcome. The question on everyone's lips is what happens now?
Posted: 31st May 2016 | Written by: Kevin Tullett
Voting ‘yes’ or ‘no’ means people will be forced to take a ‘side’ - its easier than sitting on the fence. As Brits, we enjoy a healthy debate but the media is hardly inundating us with facts, so each vote cast on 23rd June will arise from a decision based on uncertainty. As an electorate, we do not know the alternatives to membership. However, many are ignoring that a ‘leave’ vote is likely to be IRREVERSIBLE, while a vote to ‘stay’ can always be reviewed in the future.
Posted: 28th May 2016 | Written by: Patrick Maflin, Marine Accounts
Ever since the referendum was announced, politicians and finance experts have been confusing the general public with crystal ball statistics. So, let’s look at the nuts and bolts and how Brexit would affect you personally as a British ex-pat or crewmember.
Posted: 22nd May 2016 | Written by: Patrick Maflin
The Panama Papers leak revealed details of more than 200,000 offshore entities, the main focus being on senior politicians and public figures. However, the knock on effect for those of us without billions to hide in offshore accounts could mean unexpected tax bills and, at worst, no bank account to store our earnings in.
Posted: 20th May 2016 | Written by: Kevin Tullett, Infinity International
Infinity International provides unbeatable currency exchange rates for superyacht owners, yacht management and yacht crew, with effective strategies for protecting your interests at home and abroad. We are FCA regulated, offering bank-beating FX rates, with secure payments, on time, every time.
Posted: 22nd April 2016 | Written by: Patrick Maflin
Buying your first home or buy to let is an event that will stay with you for life, mainly for all the right reasons! However it can be a daunting experience nonetheless as there are lots of parts to the process that as a first time buyer you may not be aware of from the outset. This short 9 step guide will enable you to handle the process with confidence.
Posted: 26th February 2016 | Written by: Patrick Maflin
If you asked a cross section of yacht crew what it was about the job that keeps them coming back I’m sure most would say that it’s the travel and lifestyle but, there are those like myself who may be a little more candid in acknowledging the financial benefits. The yachting industry, unlike any other, affords you the opportunity to save and invest so that when you move ashore you can afford to reinvent yourself.
Posted: 12th February 2016 | Written by: Heidi Watson & Mark Howard
The Administrative Court has recently had to grapple with the issue of whether seafarers, who work on vessels which spend all or most of their time outside the UK, qualify for automatic enrolment into a UK-based pension scheme.
Posted: 8th February 2016 | Written by: Patrick Maflin
The Seafarers Earnings Deduction (SED) as it has become known is a unique piece of tax legislation that allows seafarers to claim a 100% tax exemption on their foreign earnings. It stands as testimony to a bittersweet battle fought between HMRC and the trade unions.