Beat the Currency Crunch –ProACT’s Top Tips Sam Orgill of ProACT Partnership advices expatriates on the top tips to beat the currency crunch.
1. Keep savings in Sterling for now. 2. Pay pensions to Sterling bank accounts and only change what you need. 3. Buy goods and services in Sterling. 4. Use internet shopping to buy in Sterling. 5. Set up a UK Royal Mail redirection to get
Sam Orgill of ProACT Partnership gives advice to expatriates getting bashed by a wave of currency shocks and looks at the positives for those living abroad.
A few months ago the US Federal Reserve agreed to pump $700 million into the economy to stop it slipping into recession. The main question then was "What if that doesn't work. What then?"
It hasn't! Supply side economics doesn't work when there is no one shopping and no demand.
Since then a raft of new measures have been introduced, led by Flash Gordon Brown.
World financial markets pass judgement by reducing the value of Sterling dramatically. What now?
Weak is Good
A weak currency is good for the UK..... but who has Madeoff with your money?
Currency Crunch Solutions Save your Sterling GBP and pay Cyprus Taxes and Fees in GBP through ProACT
Sterling is taking a hammering at the moment so ProACT Partnership wish to remind you of our long-standing client commitment.
ProACT in CYprus will accept any payment for Euro fees or tax payments from expatriates as a Sterling cheque at the exchange rate of the day FREE of ANY exchange charges.
This means that you can pay tax or fees from UK bank accounts or a Cyprus GBP account without transfer or exchange costs.
If you need to conserve Euros this should provide welcome relief to ProACT clients in uncertain times.
Contact either Paul Clarke or Heather Bryce for more details.
Wishing all ProACT clients’ past and present a very Merry Christmas and a Prosperous 2009.
ProACT Partnership based in Paphos Cyprus offer professional expatriate advice to expat family and business living, working retired or investing in property abroad covering tax returns and rebates, making a will, trusts and estates, investment and pensions. ProACT offer free reviews and seminars in Cyprus & the UK on the topics contained in this article or for more information;
