There is a common misconception that people who cannot store their unaccounted wealth in their own country open accounts in Swiss banks. Even though this may be true to an extent, Swiss banks are well known for their sophisticated and discreet banking services.
Many of the rich and famous like film stars, business entrepreneurs, top [...]
When I stayed at home to look after my kids, and therefore didn't pay tax, I didn't have to pay tax on the interest I earned on my current and savings accounts. I have now gone back to work. Now that I am a tax payer, how do I reverse this? Do I need to [...]
If you are a student or have recently graduated, then there a large number of bank accounts and financial products designed specifically for you. Although students used to be much derided for the large government grants they received, those days are long gone and students today have to be financially astute in order to avoid [...]
Bank Account – One of the first places to start with asset protection is with an offshore bank account in a favorable jurisdiction. A favorable jurisdiction is one in which bank secrecy laws are in place without a lot of loopholes found in many formerly good jurisdictions that have gone bad. Bank secrecy laws in [...]
A bank serves as a financial institution, providing complex financial services, right from the maintenance of deposits to extending credit. A little guidance and initiative help students to improve their personal credit record.
Banking offers the convenience of not having to handle large sums of money, thereby minimizing the chances of theft. Moreover, most of [...]
Having children isn’t cheap these days, especially in the long term – the older they get, the more they cost. Higher education prices continue to soar and it’s almost impossible to get onto the housing market without having some capital or homeowner loans. All of these things may seem so far ahead, especially if your [...]
Mortgage Equity Withdrawal is the formal name for equity refinance, reverse mortgages or simply home loans based on equity (as the security for the loan).
Mortgage Equity Withdrawal rose to 8.7 billion pounds in the second quarter of this year to its highest since the third quarter last year, official data showed (on Tuesday 4th Oct [...]
I was wondering about this for a long time now. I have subscribed to a credit monitoring service and I have access to my credit report and credit score. But what about bank accounts. These are not reported on the credit report. How would I ever know if someone has stolen my say SSN and [...]
Introduction – Today we read about a large number of people from a variety of different countries going offshore. By going offshore we mean opening offshore bank accounts, forming offshore companies and offshore foundations in tax haven countries. Some are even opening offshore stock trading accounts. This sort of activity and gets a lot [...]
If you are new to banking, then it can seem like a confusing subject. All the different banks, accounts and cards on offer can make the task of starting to bank a daunting one. However, the basics of banking are quite simple, and once you know them you will be on your way to all [...]
