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23 Apr at 6 PM

Should expats be wary of cashing in their pensions under the new rules

Experts are warning that UK retirees living overseas may face tax implications if they choose to cash in their defined contribution pension pots. The new rules outlined in the chancellor’s 14 March Budget speech appeared to offer enhanced flexibility, but the finer details have yet to be worked out. Although the present rules as regards...
23 Apr at 6 PM

Brit expats flee Spain due to troubled economy

A recent data release has revealed that the number of British expats officially registered as living in Spain decreased in 2013 by 20 per cent. The official number of Britons living in the crisis-hit country as recorded by town hall registers totalled 385,179 at the beginning of last year. However, the British Embassy believes there are at...
22 Apr at 6 PM

UK Consumer Panel fears risks for savers after budget annuity shock

When the Consumer Panel published its damning report on annuity sales at the end of last year, no-one expected reform to arrive as early as the March 2014 budget. However, now that the dust is beginning to settle, the Panel is concerned over risks for consumers at home and abroad once the market is flooded with new, flexible financial...
22 Apr at 6 PM

Do expats remember what drove them mad in their home countries

Following an amusing take in the expat media about frustrating experiences in the host country, do expats still remember what drove them crazy in their countries of birth? It’s easy, once the trauma of moving across half the world has subsided, to forget what prompted such a drastic solution to the stress and strain of everyday life...
21 Apr at 6 PM

Public sector pension QROPS transfers under fire

Public sector workers and civil servants are being warned by pension experts that they may be barred from transferring their pension pots to a QROPS. UK chancellor George Osborne has already stated that different pension rules may be introduced for pension savers working in the public service sector and the civil service. The plan may...
21 Apr at 6 PM

Innovative graph shows global migrant flow over 20 years

Researchers have published a graph showing the migrant pattern between countries over the last 20 years. Many believe the 21st century to be the century of migration, with surveys suggesting that more people than ever before are keen to try for a new life outside their country of birth. However, a new and innovative graph has demonstrated...
18 Apr at 6 PM

When is a third country QROPS the best expat choice

Since 2006, expats planning to emigrate and those already living abroad can transfer their pension pot in to a QROPS, with pension savers allowed to base their investment outside the UK. As long as the product provider has complied with HM Revenue and Customs’ regulations, savers can base their QROPS in a choice of worldwide financial...
18 Apr at 6 PM

New international health insurance gives expats freedom to roam

Hard on the heels of the possible withdrawal of overseas heath benefits for expats and travellers, a health insurance company has launched a cross-border medical insurance plan. A major medical insurance company is re-jigging its plans in order to give customers the freedom to cross borders without having to rearrange their health...
17 Apr at 6 PM

Expat savers rates may rise in early 2015

Expat savers frustrated by the literal lack of interest in their fixed term savings accounts may see a light at the end of the tunnel by the second quarter of 2015. Although, earlier this month, the Bank Of England’s Monetary Policy Committee failed to upgrade its legendarily low interest rate of 0.5 per cent, analysts predict that...
17 Apr at 6 PM

Former Dubai expats plan trip down memory lane

Expats who helped build the businesses which brought Dubai from a desert oasis to its present cosmopolitan luxury and wealth are hoping to revisit the city by invitation. Those working in Dubai during its transformation still hold fond memories of simpler times including romantic camping trips into the desert, and have formed a Facebook...
17 Apr at 6 PM

Strong pound boosts expat spending power in South Africa, Turkey and Thailand

As the pound strengthens along with the recovery in the UK, a newly-introduced online currency index will help travellers and expats to select the countries with the most favourable rates. Fluctuating currency rates are an endless worry for most expats on UK pensions or with investments paying interest in sterling. Over the last year, the...
17 Apr at 6 PM

Kuwait considers scrapping expat fuel subsidy and reducing electricity subsidy

Expats in Kuwait could find their petrol and electricity bills soaring if the Kuwait parliament agreed a proposal to scrap the expat fuel subsidy and cut the subsidy on electricity charges. According to a recent report, the Kuwaiti parliament is prioritising the controversial proposal for debate, amid rumours that a black market would be...
15 Apr at 6 PM

FCA warns insurers to treat clients fairly on pensions advice

In yet another move to protect savers at home and abroad from mis-sold investments, the FCA has warned insurers, IFAs and pension providers against disadvantaging clients when advising on the recent changes in annuity law. The regulator is to issue a set of guidelines telling pension providers and financial advice firms how to handle...
15 Apr at 6 PM

Advice for expat confusion over living in Singapore

Given that Singapore is now the most expensive world city for expat living, a few useful pointers can ensure financial survival as well as having a great time. Most expats arrive in the booming city aiming to stay several years at most, and rush out to rent an apartment rather than buying straight away. Experienced expats consider renting...
14 Apr at 6 PM

Figures show massive scale of LM fund sales by expat FAs

A year after the LM Investment Management Fund (LMIM) called in the administrators, figures have revealed the huge scale of sales of its Managed Performance Fund. Now referred to in the financial press as the latest in a long line of Ponzi schemes, the fund was touted by FAs in many expat destinations for its alleged returns. However, a...
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Here are the latest 5 reader comments:
  • "The law has been passed this week and Spain offers arguably the most attractive "Golden Visa" option in Europe. We should not expect this to move the market in Spain. We are talking about investment over €500,000, the luxury end. And nationwide we would expect no more than a few hundred transactions in the first year. But it is a positive..." left by La Vida Spain on New Spanish property investment visa draws Chinese and Russians
  • "After reading about the expats survey in our local freebie paper and deciding to take part, logging on to this left me quite bamboozled as to where the survey is, there seems to be no sign of it. I suggest if a survey is being conducted under whatever guise a list of questions be published for expats to answer. Otherwise this survey is..." left by Brian Milnes on Massive new independent expat survey now live online
  • "The article is quite clear and as usual in this country ( spain) because I live in a remote area I only find things out accidently or by being surprised and fined. I don't understand how the European parliament does not act against this type of 'robo'. It is so frustrating to see a corrupt and authoritarian Spanish government get away with..." left by john porro on Spain to apply stealth tax to residents with solar power
  • "Absolutely right - already we have been receiving requests from cliets based in Italy to look at how they can 'avoid' the new regime. The Italian government is shooting itself in the foot on this one - people will relocate!" left by TaxTeddy on Changes to Italian tax regime to hit hard on expats
  • "Although there are a large number of British curriculum school in Dubai it's not easy to get into one. The waiting lists are long to start with, sometimes artificially long. People move away and don't remove their name from lists, and fearing the long lists parents put their children's names down on several lists. It's also an expensive..." left by Expat Explorers on British curriculum international schools popular in UAE and Asia