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About GaryC

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  • Location UK
  • Nationality British
  • Hometown Swindon
  • Gender Male
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  1. I would be tempted to look at Starling Bank and ask them what they are doing.    I have opened and account with them  You get 2 for the price of 1 - a £ account and € account.  Transfers between them are at Mastercard rates and a small fee and you can use the attached Mastercard debit card on either of the accounts, depending where you are.  
  2. According to something I read elsewhere, HSBC is one of those not taking such action.    
  3. Indeed.  You might find this BBC Moneybox interesting[0]=AT2_ZdTQCmVoMAxZuSxxNg4G57FGPNFk5v8QhmRYnFsrcehZr6CJB8f2mAW_4hpv3RS5hP-kqRo5HK0Op8hPYVKTyqPbGkcGV7NbWiilWKIcWFZo9KNwgdKn7pqrEIQuZjUPUwIIteBzbUzjC2KcH0MolVtq8Ags-ANhPO7MW5V41OJGpeBV0BGW7HRdKexe0qCKAB_yLuDJpqo6  
  4. I recently opened an account with Starling Bank (I am UK resident though).  You get a sterling account and a Euro account attached to the same Mastercard debit card.  The card can be set to use on or other currency and movements between the two accounts is at Mastercard exchange rates with (I think) a tiny fee.  Whether you can get one of these as a non-res is not known but worth exploring in my humble opinion.  
  5. Sorry but what you describe is not tax avoidance but evasion - you are deliberately not declaring part of your worldwide income for tax purposes in the country in which you are tax resident.   Edit - and in the UK there are severe penalties for those who evade tax using offshore structures and for those who enable them to do so.  The latter is described in     
  6. With respect, Barclaycard is not a bank but a credit card company and part of the Barclays Bank group.    Credit card companies often inform people that because an account has been dormant for a long time they will close it in X days, months or on a specific date unless transactions are made.  Your letter sounds like one of those.    I have a credit card which I keep for emergencies, e.g. loss of main card etc, and occasionally get letter of the sort to which you refer. I usually just make a small purchase using the card to ensure the account remains open. 
  7. Likewise with the German State Pension
  8. Not sure what the position will be post-Brexit but pre-Brexit I cannot see why a person anywhere in the EU should not open and keep an account anywhere else in the EU - free movement of capital being one of cornerstones of the EU.  We opened a German bank account as UK residents in 2018.  Had to prove residence etc in person at the post office in Germany but was a fairly harmless process.  And post Common Reporting and FATCA, I cannot see why holding bank accounts anywhere should be an issue, seeing as that fact is fed back to your revenue authority every year, with interest details etc.  But who knows how individual banks decide to run their businesses within the terms of the regulations?  
  9. National Insurance - freelancer

    Perhaps on the about me page?  But I think I have clarified that in my later post
  10. National Insurance - freelancer

    I accept that the requirement to pay into a state pension system is neither tax nor duty and was perhaps a little loose with my wording but as I understand it, there is a statutory requirement to register and pay in Germany, even if one finds that unpalatable.  The same applies for those working in the UK with regard to NIC as well as taxes and duties.  My comments above apply equally to NIC in the UK as they do to taxes and duties.    Just because a lot of people do something contrary to the regulatory requirements does not make it right or acceptable and those who choose to go down that road should not complain when the authorities catch up with them and they end up paying more because they are charged interest for late payment and potentially penalties.  I don't what the German system does in these circumstances but others will comment if they feel the urge.   The reason I pointed you are my profile was so that you could read the about me page.  I am neither teacher, nor employed by DRV but was a senior policy advisor in HMRC, spending much of my career advising Ministers on how to tackle tax and NIC avoidance.
  11. National Insurance - freelancer

    Not for me to judge but I cannot believe you are suggesting a person acts unlawfully, even if that illegal act does not lead to a criminal offence - unbelievable!  What you are suggesting is not even payment avoidance - it is evasion and evasion is always against the law.   None of us like paying taxes and duties but they are there for a reason and I would suggest that the OP ignores such advice - but then, if you read my profile you will understand why I have the views I do!  
  12. Tax on UK pension

    The UK State Pension is taxable only in the UK.  I can't remember whether for a resident of Germany, subject to taxation on their worldwide income, it still feeds into the Progressionsvorbehalt but pretty sure it does.   The German State Pension is taxable in Germany of course.   The UK company pension is potentially covered by Article 17(3).    3) Notwithstanding the provisions of paragraph 1, such a pension, similar remuneration or annuity arising in a Contracting State which is attributable in whole or in part to contributions which, for more than 15 years in that State,     a) did not form part of the taxable income from employment, or     b) were tax-deductible, or     c) were tax-relieved in some other way shall be taxable only in that State. This paragraph shall not apply if that State does not effectively tax the pension, other similar remuneration or annuity, or if the tax relief was clawed back for any reason, or if the 15 year condition is fulfilled in both Contracting States.   Were the contributions tax deductible for more than 15 years in the UK and not also tax deductible for that length of time in Germany? In essence, did the person work only in the UK and for at least 15 years? Was the tax relief clawed back?   These are all questions of fact but if the conditions are satisfied, the pension would be taxable only in the UK but again, will almost certainly feature in the Progessionsvorbehalt - oh the joys of the German tax system...     @PandaMunich will correct my errors...
  13. Working in Germany for UK Ltd with >1 shareholder

    For what it's worth, HMRC will have taxing rights over the separate legal person that is the company.  This is because for UK tax purposes a company is tax resident in the UK if it is: incorporated in the UK; or centrally managed and controlled in the UK.  The latter is of course a question of fact.   I'll leave others to comment on the German tax etc consequences for you as an employee of that legal person but as far as I am aware you can continue paying voluntary NIC in the UK to protect your state pension.  Assuming that that is Class 3 NIC it currently costs about £850 per year and you need to draw your pension for about 3 1/4 years to recoup the investment.   
  14. Transfer money from UK

    Have a look at the Starling Bank account.  You open a Stirling account but then get a Euro account if you want it.  Transfers between the two accounts are at Mastercard rates which are probably about the best you can find.   The pound is pretty weak at the moment - about 1.07 € per £.  Pre Brexit vote it was 1.26 or so and since then it has been as high as about 1.18 but as low as about 1.05.  On £100k every cent equates to 1,000€. 1.18 compared to 1.07 is 11,000 €, so timing will be everything.  I guess you'll want to weigh up the risk that the pound could sink to 1.01 or something, causing further cost/loss and set against that what you are paying in interest on your mortgage.  If you were to invest in a bank account in the UK you could get 1.16% at the moment with NS&I.  Time for a spreadsheet!   I'll leave others to comment on the German aspects of moving money.
  15. I think put simply, if you are, in reality, being paid for services provided to the payer, i.e. paid for the work you are doing for them, then it is almost certainly taxable income in whichever country.  If they are simply supporting you without receiving anything in return then it may be treated as non-taxable, depending on the precise facts.