Offshore Disclosure: Should I be Scared?

Posted on 10th August 2020 by
If you are Superyacht Crew you MUST declare your income: *This article is aimed at British Superyacht Crew but the rules are similar in most countries. There’s nothing wrong with earning money offshore as long as you declare all income…

Foreign Exchange: Why is it so important?

Posted on 7th August 2020 by
One thing that can really complicate the life of Superyacht Crew is Foreign Exchange or FX. Let’s look at an example: Sarah has just started her first job on a Superyacht. She is from the UK and has a bank…

Offshore Banking: What's the point?

Posted on 3rd August 2020 by
Offshore banking has never seen so much press coverage as it has lately.

Things new Yacht crew need to know

Posted on 24th July 2020 by
You’ve just got your first job on a Superyacht. Here are some things that are essential to know Offshore banks are totally unnecessary! Not many people will tell you this as offshore banks normally pay referral fees to anyone who…

Superyacht Crew: 5 Ways to stop Wasting Your Money

Posted on 21st July 2020 by
We talk to a lot of Superyacht crew every day, as you can imagine and something that has become clear to us (and now a lot of crew) is this. Nobody realises how much money they waste each month. So…

Tax returns: What is the point?

Posted on 14th July 2020 by
If you work on a Superyacht there are a variety of reasons to file a tax return, most of the time it is because it is a legal requirement. There are some other huge benefits to filing return regardless of…

So, What is Crew Family Office?

Posted on 22nd June 2020 by
A family office is a relatively new thing. Wikipedia describes it as “a privately held company that handles investment management and wealth management for a wealthy family. The goal being to effectively grow and transfer wealth across generations. The company’s financial…

Retire Young

Posted on 6th May 2020 by
Everyone wants to retire young.  Work hard, earn lots of money whilst you are young, spend the rest of your life relaxing! That’s the dream isn’t it? But how do you do it? Lots of us get into Superyachts for…

Have you Made it?

Posted on 22nd April 2020 by
Have you Made it? Your Escape Plan Check list that is? Last time we talked about the importance of an Escape Plan. As most of you know, working on a Superyacht is not a lifetime career for most people. The…

COVID 19 advice for Crew

Posted on 22nd April 2020 by
A little advice for UK Superyacht Crew regarding COVID – 19 We have been contacted by a lot of Yacht Crew regarding their jobs and COVID 19. There are a number of Yachts making crew redundant and also a fair…

The Escape Plan

Posted on 11th March 2020 by
Does anyone Join the Superyacht industry with a plan to leave? Most of you would say no but the reality is that lots of crew are now making an escape plan. The reason for this is that a lot of…

How Safe is your Wealth?

Posted on 12th February 2020 by
How safe is your wealth? Like so many professions, being in the superyacht industry is all about working hard and saving as much as you can. However, unlike other jobs, the potential to accumulate wealth over a relatively short period…