| Expenses for the Constant Globetrotter |
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zulu113
Member
Cash: $ 2.15
Posts: 10
Joined: 04 Dec 2006
Location: San Diego, CA
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| Expenses for the Constant Globetrotter |
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First off, Happy New Year to everybody.
I've recently been posed a question by my management that I'm not sure how to answer. I'm in a new position that has had me spending about 6 months of each year in the US, and the other 6 months in the UK in 1 month trips for the last year and the foreseeable future. Roughly, it's one month on, one month off. I currently 'live' in San Diego, but when I go over I usually get a short-let flat for the duration, and with it the usual sort of bills depending on where I go.
Now, the question asked of me is as follows: would I rather be paid a US currency based per diem or a GBP-based cost of living adjustment to cover the much higher costs of living in the UK (London to be precise). My main salary would still be in dollars.
Now, assuming that the after-tax pounds equal the no-tax dollars, is there any real advantage to one versus the other? Most of my assets are in the US, so I'm inclined to stick with dollars. The exchange rate has been increasing between the two (1.75 a few months back, 1.95 today) which would favor pounds, but who knows what tomorrow brings there?
In any case, I just want to be sure I'm not missing an opportunity here, as I'm inclined towards maintaining the status quo and being paid in per diem dollars.
As always, appreciate any advice,
regards,
Zulu
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Tue Jan 16, 2007 12:09 pm |
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zulu113
Member
Cash: $ 2.15
Posts: 10
Joined: 04 Dec 2006
Location: San Diego, CA
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That's the idea, although in practice it generally ends up working the other way around. Not fun when accounting decides to go slow for some reason and I'm several thousand out of pocket in the meantime.
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Fri Jan 19, 2007 8:37 am |
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