HSBC Bank International, the Jersey-based offshore arm of the financial services giant, and  the Guardian newspaper in London have teamed up to launch a series of online financial guides to help expats manage their money when shipping off to live abroad. 

The first guide, called the The Expat Guide to Money Management, offers expats information to help them deal with setting up their finances in their new home country, planning for a change in cost of living and the importance of understanding the tax implications in their new country.

“Starting a new life abroad is a fantastic and exciting experience, but there is a lot of planning to do to ensure all the necessary arrangements are in place ahead of the move.  We speak with expats on a daily basis, and through this we know the financial frustrations they face when looking to move to a new country – from moving money between different locations and currencies to dealing with differing tax situations,” said Lisa Wood, head of marketing at HSBC Bank International.

The Expat Guide to Money Management is the first of three; two more are set to launch later this year. The second in the series will cover “family finance”, dealing with multiple currencies, school fees, insurance and inheritance planning. The final instalment will be on “growing your wealth” and will look at how expats should prepare for their retirement.

Aside from its head office in Jersey, HSBC Bank International is present in the Isle of Man, Dubai, Hong Kong and South Africa, and has an affiliate office in London.