How to move to Australia: Immigration guide

  • Posted by Lauren on November 25, 2014 in Financial Tips

Moving to Australia is an appealing prospect for people from all over the world, with large numbers of Brits, Kiwis and people from other countries making the decision to head to the lucky country every year. With a strong economy, a fantastic climate, loads of opportunity and friendly people, it’s really no wonder that relocation to Australia is something that so many people around the world want to do. Things to Consider Before Moving to Australia Of course, as with anything there is a lot to consider before you relocate. It’s not such a lucky country if you can’t arrange the means to support yourself and, depending on where you’re from (New Zealanders are particularly lucky in this regard) you’ll have to jump through a few hoops with the Australian immigration department in order to obtain the right kind of visa. Moving to Oz from New Zealand For Kiwis it’s really easy. Thanks to the reciprocal arrangements that are in place between the two governments, you can travel and work freely between the countries. New Zealanders only need to apply for a special visa if you have spent a certain amount of time in prison or have convictions for certain … Continue Reading →

The Best Way to Send Money Transfers UK to Poland

  • Posted by Paul on November 25, 2014 in Financial Tips

Sending money back to Poland for Polish migrants and expats in the United Kingdom is a common requirement and, as with all things that involve personal finance, there are a big range of companies out there that will help you do it. Naturally, some ‘help’ themselves (to your money) more than they actually help you. The Rules Around UK to Poland Money Transfers Financial institutions offering bank-to-bank transfers within the European Union, are legally required to charge no more for the transfer than they would for a domestic transfer of the same value. There is a catch though – this only applies in countries that use the Euro as their currency or in countries that are members of the Union but use an alternative currency (such as the United Kingdom, and indeed Poland) in the event that the transfer is conducted entirely in Euros. This is obviously complicated, as anyone earning money in the United Kingdom is most probably getting paid in Sterling and the costs of converting from Pounds to Euros and back at the other end can often outweigh the benefit of the reduced transfer fees. So unless both sender and recipient have Euro based accounts, then this … Continue Reading →

How to Move to the UK: Immigration Guide

  • Posted by Tom on November 23, 2014 in Financial Tips

Moving to the UK is something that many Aussies do at some stage, be it for a couple of years or for the long term. Moving to the United Kingdom from Australia is not a terribly difficult process, but there are a few things that you have to take into account when it comes to immigration and visa formalities. Working Holiday Visas (Tier Five Youth Mobility Visa) These are a popular choice for Aussies under 30. They are available in many countries, including the UK under the reciprocal Working Holiday Visa (WHV) Scheme. Under the WHV nationals of eight countries, including Australia, are able to head to the United Kingdom for 24 months to work and travel. There are some restrictions however. You must be between 18 and 30, you can’t function as a professional coach or trainer, you must have around 2000 pounds in savings to support yourself and you can’t readily transfer the WHV to an alternative visa. Note that while this scheme is referred to in most countries as a Working Holiday Visa, United Kingdom immigration refers to it under their Tier Five (Youth Mobility Visa) programme. Getting a Work Permit (Tier 2 General Visa) For professionals … Continue Reading →

Filipino Migrants to the UK on the Rise: Reasons and Impacts

  • Posted by Paul on November 21, 2014 in Market

Natives of the Republic of the Philippines have long spread their reach far and wide to other countries in search of a better life, more opportunity and political stability. Many Pinoys who leave the Philippines do so because they have a family to support back in their home country and they are hopeful that other countries will provide them with the opportunity to be able to send money to the Philippines in order to support them. Filipino Expats in the UK The United Kingdom has long been a very desirable destination for people from the Philippines and other parts of the world. It is a stable, established democratic country with strong ties to Europe. Establishing themselves in the United Kingdom not only enables them to earn far more money than they would at home, but gives their children the opportunity to have access to the economic and opportunity-rich powerhouse that is the European Union. How Many Filipino Migrants Are There? The Manila Times estimated that there were 200,000 Philippines nationals working in the United Kingdom in 2007, 10,400 of which gained United Kingdom citizenship – this is compared to a figure of less than 1,500 just six years before. This … Continue Reading →

How to Send NZ IRD Payments from the UK

  • Posted by Paul on November 6, 2014 in Financial Tips

Making New Zealand IRD payments from overseas can be a big hassle and a very expensive proposition. When you’re living in the United Kingdom it can be difficult to keep on top of your commitments to the New Zealand tax authorities. For anyone living overseas with a New Zealand student loan, they will also find that their loan starts attracting interest once they’ve been out of NZ for more than half the year. This makes it essential to get that student loan paid off as soon as possible, if you want to avoid what can become a lifelong drag on your finances. Student loan repayments for overseas residents are due twice a year, one on September 30th and one on the 31st of March. While overseas residents are free to make regular payments throughout the year if they wish, these transfers can often come at quite a significant cost so they find it easier and cheaper to pay in two lump sums. As of April 2014 the IRD has released revised minimum payments for expatriate New Zealand student loan holders. At the time of writing these are the annual obligations of student loan holders who are not resident in New … Continue Reading →

Settling In: Tips for New Filipino Migrants to New Zealand

  • Posted by Lauren on November 3, 2014 in Financial Tips

So you’ve relocated from the Philippines to New Zealand? Congratulations and Haere Mai (that’s Maori for ‘Welcome’)! There are a few things that you’re going to find here that work very differently from back in the Philippines, so we’ve put together a few tips on aspects of NZ society like socializing, language, communication with the Philippines, and how to send money back to family to help you get settled in. Don’t Be Scared of the Locals! One thing you’re going to find out very quickly after moving to New Zealand is that Kiwis are a friendly and welcoming bunch who are usually very interested in finding out more about visitors. They are also great travellers themselves and they’re always looking for the next place to visit. Don’t be afraid to ask questions – they’ll be more than happy to help you get used to the way things work. Living in New Zealand is a great experience and the locals will be more than happy to help get you settled. Socializing in New Zealand Kiwis also love to eat and drink, and they love to do it together. Every weekend all over the country you will see barbecues being lit in … Continue Reading →

Sending Money to Malaysia from the UK: Do’s and Don’ts

  • Posted by Paul on October 30, 2014 in Financial Tips

The United Kingdom and Malaysia have a long intertwined history and, even in modern, independent Malaysia there are still strong ties with the centre of the former British Empire. There is often the need for Malaysian expats in the United Kingdom to send money back to Malaysia or business deals to be transacted efficiently between the two countries. There are many ways to go about this process, but the fact remains that sending cash from the UK to Malaysia can come at quite significant expense. We have compiled a few do’s and don’ts here for you to consider before you make the final decision about how to go about your money transfer from the UK. Do -Make sure that you have checked not only what fees are being charged at both the UK and Malaysian ends, but how good the exchange rates are too. It’s a good idea to compare the rates that you have been offered to an independent source so you know you’re not getting a raw deal, as many providers will load the rates in order to appear cheaper than their competitors. -Talk to the company you are using to send funds to Malaysia about what is … Continue Reading →

How to Repay NZ Student Loans from Overseas

  • Posted by Paul on October 29, 2014 in Financial Tips

Kiwis living in Australia and the UK trying to make the most of their qualifications represent a pretty big group of people and many of them have student loans to contend with. Just like any other debt, a student loan is not something you want to be shackled to for any length of time – especially when the interest starts accumulating. The sooner you can get rid of the burden, the better off you’ll be, so you can get on with your life without the stress of being in debt. Four things to remember about New Zealand student loans, especially if you’re overseas: 1. Any student loan with a balance of over $20 will attract an administration fee from the IRD every single year. If you’ve got a loan with a small balance, get it paid down as fast as possible. It’s not worth accruing additional debt if you only owe a few hundred dollars. 2. If you’re overseas for more than half of the tax year, then you can expect your student loan to attract interest. As with any interest the rate fluctuates, but the fact is that if you’re in Australia and still holding a student debt in … Continue Reading →

Sending Money to India from NZ: Tips for Indian Expats

  • Posted by Lauren on October 28, 2014 in Financial Tips

As Diwali is upon us again it is hard not to think of friends and family back at home in India. Many expats in New Zealand will be considering transferring funds home during the festivities. Transferring money from New Zealand to India can be a time consuming (not to mention expensive) process. You need to carefully look at all of your options, whether they be online, in person or via a wire transfer. The main problem with using a transfer service at your bank is that the amount of time it takes for the funds to arrive in India is unpredictable at best, and they can also be very expensive. Bank transfers can cost up to $25 at each end for even a small amount of cash and, in some cases, taking 10 or more days before the funds arrive safely in the hands of your family members in India. One of the best choices to get money back to your family is to use an online transfer service. This can speed your transfers up significantly, while cutting out many of the unnecessary costs and fees attached to bank transfers. OrbitRemit is completely transparent with our exchange rates, which means … Continue Reading →

AUD/USD Forecast: Predictions for the Aussie Dollar

  • Posted by Paul on October 6, 2014 in Market

In the past few weeks the Australian Dollar has taken a pretty substantial hit against the US dollar, losing nearly three cents in one week alone. In this article we’ve put together a quick analysis of what has caused this correction and had a look at some factors that are likely to impact the value of the AUD in coming weeks. The Australian Export Economy One of the biggest things that exerts pressure on the value of the Australian dollar, is commodity prices. When it comes to international trade, the Australian economy is very reliant on high value mineral exports. Australia’s largest export commodity is iron ore and, as such, fluctuations in its value are a very good indicator of the value of the currency. A surge or decline in value of iron ore can have a dramatic effect on the value of the AUD, so it’s certainly something that currency speculators keep an eye on. One such surge occurred in the middle of this month, with the price of iron ore skyrocketing by nearly four full percentage points, and this resulted in a rise in the value of the Aussie Dollar. Of course with any currency exchange, there are … Continue Reading →