Blog Archives
What is the seafarers’ half-day rule and how does it work?
If you’ve ever worked on board a Superyacht, you’ve probably heard of the Seafarers’ Earnings Deduction. The Seafarers’ Earnings Deducation, or SED as it is commonly known, is a piece of legislation that helps people who work at sea significantly reduce their tax bill. In fact, it allows seafarers to claim up to 100% tax exemption on their earnings!
Is working on a cruise ship tax free?
Have you recently finished school and are unsure what step to take next? Or perhaps you are about to graduate and are looking for a varied and exciting career? Whatever your reason for considering working on a cruise ship, you’ve probably got a number of questions buzzing in your brain, from where to begin your job search to what type of positions are available and even if you need to pay tax when you work on the ocean.
How to blow your Superyacht Steward/ess career out of the water
If you’ve decided to begin a career as a Superyacht Steward or Stewardess, congratulations - you’ve made a brilliant choice! After all, what other career allows you to travel to some of the world’s most exotic locations onboard a luxury vessel whilst earning an incredibly competitive salary?
How do I complete my seafarers tax return?
Whether you’re working as a Deckhand or a Stewardess, are just starting out as a Yachtie or have years of experience, when you work on board a Superyacht, one thing’s for sure: it’s essential that you complete a seafarers’ tax return.
The ultimate checklist: everything you need to know about seafarer tax exemption.
If you work on board a Superyacht, did you know that you may be able to significantly reduce your tax bill?
It’s true – thanks to a tax legislation called the Seafarers’ Earning Deduction, UK residents who work at sea are exempt from UK income tax.
So, if you work on a Superyacht as a Deckhand or a Steward, read on to find out everything you need to know about why seafarers are exempt to pay tax and whether you can claim
Discover how our seafarers tax service takes the headache out of finances on deck
With the end of the year fast approaching, we’ve been talking about seafarers’ tax and finance quite a lot recently.
The deadline for seafarers’ self-assessment tax returns is 31st January for the previous tax year. However, if you want to make sure you have plenty of time to complete everything, we recommend starting your tax return sooner rather than later.
In fact, in order to guarantee that your return can be submitted on time, it’s advised that you send all the details
“Do seafarers pay tax?” and other superyacht crew finance questions answered
“Do seafarers pay tax?”, “What is a seafarers self-assessment tax return?”, and “What is the Seafarers Earnings Deduction”?
Whether you’re just starting out as a yachtie or have years of experience sailing on board superyachts, seafarers’ finance can be a tricky subject. You’re bound to have questions about your finances and taxes – but don’t worry, help is at hand!
In this blog, we’ve gathered together your most frequently asked finance questions, so you can have all the answers you need in
What is a seafarer’s self-assessment tax return, and why must you do it?
Working on a Superyacht is one of the most exciting career choices there is. From visiting amazing places and meeting awesome people to fabulous financial rewards, there’s so much to love about working as a Deckhand or Stewardess. However, despite the glitz and glamour, there’s one thing you can’t escape from, no matter how exotic your next destination is - and that’s the dreaded tax return.
I’m a man… can I be a Superyacht Steward?
One of the most common questions we’re asked at Flying Fish is whether men can work in Superyacht stewarding jobs. Although you might be used to usually seeing female Stewardesses working in the interior and male Deckhands outside on the exterior (especially if you’re a Below Deck fan!) the fact is that of course men can be Stewards - just as women can be Deckhands!
5 reasons to train as a Superyacht Stewardess or Deckhand after graduating
After graduating from university, you’re likely to fall into one of two camps:
Either, you’ll have a plan in place ready to embark upon your chosen career path, or you’ll be unsure as to what you want to do next.
In either situation (although we are of course a little biased here at Flying Fish!), we would recommend completing Superyacht Deckhand training or Superyacht Stewardess training after you’ve graduated!
But what does this mean exactly, and why should you at least consider it
Why working on a Superyacht is the best way to spend your gap year
Planning on taking a gap year before starting university or your career? If so, working on a Superyacht as a Deckhand or Stewardess is undoubtedly the best way to spend it! Of course we may be a little biased here at Flying Fish (Superyacht training is, after all, what we do!), but in reality, working on a Superyacht covers a lot of different gap year “bases” (from travel to saving money and beyond), and will prepare you for your future, whatever it may be, in so many ways that you might not initially realise!
3 reasons to employ a seafarer’s tax specialist
If you work on a Superyacht, you are classed as a seafarer… and as a seafarer, you are required by law to complete an annual self-assessment seafarer’s tax return!