Published: St. George’s Society Helps UK Families Dealing with Pediatric Cancer

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St. George’s Society’s Scholarship Program

Senior wealth manager and financial advisor Bradley Hamilton moved to New York City after completing his degree in London. Bradley Hamilton remains involved with the British community while living abroad through his membership with the St. George’s Society.

Founded in 1770, the St. George’s Society has been a pillar for the UK ex-pat community for more than 250 years. In addition to arranging accommodation and support for British families traveling to the U.S. for pediatric medical procedures, the Society also supports the achievement of promising students through its scholarship program. Students must demonstrate a cultural tie to the UK or any of the Commonwealth countries.

Launched a decade ago, the scholarship program provides financial assistance to students attending two City Universities who may be forced to drop out of college due to an inability to pay. Since the program was established, the Society distributed more than $1 million to 400 financially-disadvantaged students. St.George's aims to expand its scholarship program to benefits students at all City Universities.

Three Ways to Experience Local Culture When Traveling

New York City-based financial professional Bradley Hamilton serves as the senior wealth manager of Blacktower (US), LLC. In this position, he manages over $60 million in assets for more than 80 clients. Outside of work, Bradley Hamilton enjoys traveling the world and experiencing new cultures.

Experiencing a new culture means understanding the everyday life of the people in an unfamiliar destination. Here are a few ways to authentically experience the local culture of a new place:

- Enjoy the local food. In foreign places, food is a journey into the local culture. Because of this, taking the time to find local spots to eat is much more effective than eating at a familiar chain or tourist-recommended restaurant. Visiting local food markets can also make tourists feel connected to the culture.

- Use public transportation. This form of transportation allows tourists to observe the locals and lets them talk with residents while they wait. Public transportation also makes random exploration of a destination much easier.

- Stay with locals. While residing in a hotel may be preferred by many tourists, it keeps them separated from the locals. By staying with residents, tourists have a better opportunity to witness and learn about the daily life and values of the culture.

Basics of US Taxation for British Expatriates

Bradley Hamilton serves as a senior wealth manager at Blacktower Financial Management (US), LLC in New York. Bradley Hamilton specializes in assisting British expatriates in navigating various regulatory and tax issues that come with cross-border wealth.

The United States is home to more than 1.3 million British expatriates. Although the language and lifestyles in the US are similar to that in the UK, tax matters have massive differences. There are multiple ways of filing taxes in the US, unlike in the UK where the tax system is relatively straightforward. Different tax rates are also applied, depending on the transaction, whether it is Federal, Municipal. Penalties amounting to up to 25 percent of the tax due may be charged for failing to pay the proper taxes at the right time.

Moreover, It is the expatriate’s responsibility to file the W-4 Form if he or she is employed in the US. In the form, the expatriate will inform his or her employer how much tax is deductible to him or her. However, if the expatriate employed in the US is earning for an American company, he or she will be taxed at source and will have to file a tax return with the Internal Revenue Service.

If the expatriate is unsure whether he or she is required to file a tax return, he or she can go through the Substantial Presence Test, the counterpart of the UK’s Statutory Resident Test. If through the Substantial Presence Test the expatriate is deemed a permanent US resident, his or her worldwide income will be subjected to US tax laws. This same rule applies to expatriates who have obtained US citizenship. April 15th is the deadline for filing tax returns in the US. The workload in the IRS increases while April 15 approaches. To avoid incurring penalties, expatriates are advised to file their tax returns at earlier dates.