|
|
|||||||
| Daily banter For everything, and anything that doesnt fit in elsewhere |
 |
|
|
Thread Tools | Display Modes |
|
|
|
#1
20th February 2018, 09:41 PM
|
||||
|
||||
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
__________________
Del 
|
|
#2
20th February 2018, 09:45 PM
|
|||
|
|||
|
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.
__________________
2003 D2 FL S8. Irish Green Pearl/Beige. Solar sunroof, auto-dim mirrors, electric rear seat functions, ski hatch retrofit; extended leather. Aftermarket DVB-T, reversing camera and full XCarlink (Bluetooth etc.). 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".  (A much rarer model than a D2 S8 by the way!) 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. AgateGrey/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, Auto-dim mirror, Leather, 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! 
|
|
#3
20th February 2018, 09:59 PM
|
||||
|
||||
|
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.
__________________
Del
|
|
#4
20th February 2018, 10:04 PM
|
|||
|
|||
|
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.
__________________
2003 D2 FL S8. Irish Green Pearl/Beige. Solar sunroof, auto-dim mirrors, electric rear seat functions, ski hatch retrofit; extended leather. Aftermarket DVB-T, reversing camera and full XCarlink (Bluetooth etc.). 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". (A much rarer model than a D2 S8 by the way!) 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. AgateGrey/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, Auto-dim mirror, Leather, 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!
|
|
#5
20th February 2018, 10:18 PM
|
||||
|
||||
|
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.
__________________
Del
|
|
#6
21st February 2018, 09:20 AM
|
||||
|
||||
|
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?
__________________
Cars... '93 Audi Coupe 2.0 Alpine White (sold) '99 Audi S4 Merlin Purple - K04 upgrade to 412hp (sold) '00 Audi S8 Agate Grey (Sold  )'11 Audi Q7 4.2tdi Unknown Red (Classic Red Pearl Effect - thanks MJ) 
|
|
#7
23rd February 2018, 09:54 PM
|
|||
|
|||
|
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:
|
|
#8
24th February 2018, 09:15 AM
|
||||
|
||||
|
Quote:
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.
__________________
Del
|
|
#9
24th February 2018, 06:55 PM
|
|||
|
|||
|
great stuff
Quote:
|
|
#10
26th February 2018, 04:52 PM
|
||||
|
||||
|
Quote:
Quote:
__________________
1996 A8 4.2 QS. Bose, Solar roof, um...um... rally sport towbar. Now gone to a new home as the Traders 8. Bright yellow bus o love.
|
|
|
|
Hybrid Mode
