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  #1  
Old 20th February 2018, 10:41 PM
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Default Euros

I know a car forum doesn't seem like the best place for money advise but I am keenly aware that there a few people on here that are more finanically savvy then I.

So here goes, I have recently quit my job and will be starting a new one at the end of the month that will pay me in Euro's.

So what is the best or most efficient way that you know of to get Euro's in to Pounds so I may pay the bills etc.

I signed up for Revolut but thats not a euro account that can receive payment from employer that I'm aware of.

So I'm all ears on others experiences of dealing with currency conversion, euro accounts or other services.

Thanks

Del
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Old 20th February 2018, 10:45 PM
HPsauce HPsauce is offline
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I think we need to know more, such as where will you be working, where will you be paid and where pay tax?

Most people I know with significant Euro holdings keep separate accounts in the relevant country. Their tax situation can be complex.
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Old 20th February 2018, 10:59 PM
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I'll be working all over the world and getting paid by an umbrella company based here in UK but in euro's.

I should qualify for Seamans tax which allows me to claim all my taxes back.
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Old 20th February 2018, 11:04 PM
HPsauce HPsauce is offline
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I'd be talking to:
a) The new employer to see what others do
b) You current bankers, most (all) major banks offer currency accounts with easy transfers to/from the base Sterling account

There's always a penalty when converting currencies but I expect the majors will all be pretty much the same.
Unless you're earning megabucks and can get a "premier" type account which may get better rates.
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2003 D2 FL S8. Irish Green Pearl/Beige. Solar sunroof, auto-dim mirrors, electric rear seat functions and extended leather. Ski hatch retrofit. Aftermarket reversing camera. DVB-T and XCarlink now removed as redundant.
2016 Volvo V40 T5 Cross Country (4WD) with ALL the toys including adaptive cruise etc. etc. Osmium Grey with Blonde/Charcoal leather interior. Polestar performance "optimisation". (Even rarer than a D2 S8!) Oh, and a brand new engine at just under 30,000 miles on the factory one!
Finally: gone, but not forgotten.....
1998 D2 PF S8. Agate Grey/Platinum. Every option (I think) except electric rear seats, Tiptronic steering wheel, ski hatch, towbar & dimming door mirrors.
e.g. Cruise control, NavPlus/TV, Bose, GSM, Xenons, Solar roof, Parking sensors, Alcantara/leather everywhere of course. (internal dimming mirror added later)
1998 (very early) Ford Focus 1.8 Zetec; ABS/TCS, Heated screen/mirrors, Aircon. Added Auto-dim mirror, Leather seats, Trip computer, Cruise control, OEM Ford SatNav with CD changer.
And before that a lot of Rover 800s, a few oddities, a lovely Triumph Dolomite 1850HL with Overdrive and way back in my schooldays an Austin Seven aka Mini 850!
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Old 20th February 2018, 11:18 PM
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The others that are doing the same as me are a mixed bag, some are just having it deposited into their normal account and accepting whatever rate plus fee's the bank decides.

One other has opened a Euro account but I don't know what fee's he get's charged but it allow's him to transfer when the rate has moved in his favour.
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Old 21st February 2018, 10:20 AM
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Depending who you bank with something like this might be suitable:

It states no account fee and provides live FX rates and can be managed online.
https://www.hsbc.co.uk/1/2/currency-account

Are you going to be working offshore to claim the Seamans tax, if you are on land I would have thought you pay the tax where you earn the income. Rather than claiming the tax back though you might want to look into requesting an NT tax code and have the employer to pay wages without deducting?
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Old 23rd February 2018, 10:54 PM
jonnypym123 jonnypym123 is offline
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Del I hope it's not umbrella.co.uk

avoid them at all costs if it is, I went through them a year ago before being employed directly with the company I now work for, can honestly say the worst company I have ever dealt with wouldn't trust them with an abacus!



Quote:
Originally Posted by Delboy View Post
I'll be working all over the world and getting paid by an umbrella company based here in UK but in euro's.

I should qualify for Seamans tax which allows me to claim all my taxes back.
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Old 24th February 2018, 10:15 AM
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Quote:
Originally Posted by jonnypym123 View Post
Del I hope it's not umbrella.co.uk

avoid them at all costs if it is, I went through them a year ago before being employed directly with the company I now work for, can honestly say the worst company I have ever dealt with wouldn't trust them with an abacus!
No Johhny, Currently looking to use Binks.

On other news I confirmed that I can indeed pay earnings into Revolut so I spent the afternoon yesterday back and forth with them getting the top up limit increased to a suitable amount as I didn't want to run into issues there.

Gotta say I like the whole app at the moment. Pity it couldn't be expanded to have a family in the one app so you could keep tabs on spending in one place.

But overall I like it.
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Old 24th February 2018, 07:55 PM
jonnypym123 jonnypym123 is offline
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great stuff
Quote:
Originally Posted by Delboy View Post
No Johhny, Currently looking to use Binks.

On other news I confirmed that I can indeed pay earnings into Revolut so I spent the afternoon yesterday back and forth with them getting the top up limit increased to a suitable amount as I didn't want to run into issues there.

Gotta say I like the whole app at the moment. Pity it couldn't be expanded to have a family in the one app so you could keep tabs on spending in one place.

But overall I like it.
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  #10  
Old 26th February 2018, 05:52 PM
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Quote:
Originally Posted by Architex_mA8tey View Post
. . . says the man masquerading as an Ambulance driver on the south coast
I'm deffo not masquerading.

Quote:
Originally Posted by Delboy View Post
I could but I need a mule with a vehicle big enough to transport it. Something that wouldn't get stopped by the police.

Any ideas?
Hmmmm? A boat maybe
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