Expat Australia News
Latest 10 news items tagged Australia
28 Jul at 6 PM 2014
The 15 July official QROPS list published by the UK’s HMRC has suspended a total of 118 Qualified Recognised Overseas Pension Schemes (QROPS).
The mass cull is the third largest since the scheme itself was introduced in April 2006, and includes 99 Australian QROPS, one from Mauritius, 15 from India and two from Canada. The tax authority declines to explain the reasons for its decisions, but suspensions can be the result of pensions no longer qualifying for inclusion, tax abuse, single member schemes losing members or reviews of a...
15 Jul at 6 PM 2014
Skipton International, the offshore Channel Islands base of the well-known high street building society, is now offering expat mortgages on UK buy-to-let properties.
Including UK buy-to-let options in expat pension planning has traditionally been tricky for those requiring mortgages, but the recent rise in UK property prices has encouraged a few offshore banks to offer the service. Skipton is the latest to jump on board with its plan for UK citizens living and working overseas.
The scheme is available to native UK citizens only,...
15 Jul at 6 PM 2014
According to a report by the United Nations, well over five million British citizens have emigrated for reasons of work, retirement or general dissatisfaction with the state of their home country.
Since 1990, the number of British-born migrants has increased by 23 per cent, with the majority of those leaving heading for sunnier climes. Australia
is the all-time favourite destination, now home to some 1.27 million former British residents.
America is the next most popular place for immigration, with 758,919 Brits in residence, and...
4 Jul at 6 PM 2014
Poor standards and bad management at 12 expat medical centres in Saudi Arabia has forced their closure amid fears of the spread of the MERS virus.
Expats working in the kingdom are concerned that their applications for visas and residency permits may be jeopardised by the recent closure of 12 expat health centres for decontamination and re-training of workers. The health tests are necessary requirements for the granting of work visas as well as residency permits for expats and their families.
The as yet uncontrolled spread of the...
27 Jun at 6 PM 2014
With Ramandan beginning this weekend, expats in Saudi have been warned they will be deported should they disrespect the rules of the holy month of fasting.
An announcement by the kingdom’s Interior Ministry urged non-Muslims to respect the feelings of practicing Muslims by not smoking, drinking or eating at work, in public places or in the streets between the hours of sun-up and sundown. Expats caught disobeying the order, it stated, will have their contracts cancelled and be deported, adding that not being aware of the restrictions...
18 Jun at 6 PM 2014
Expat investors living in Spain’s popular Costa del Sol started their own action group in 2008 after losing millions to unregistered, unregulated financial advisors targeting the mostly retirement communities.
Six years later, the main aim of the group remains the same: the outing of unlicensed, unpricipled FAs mis-selling unsuitable products to the unwary and backed up by the offshore product providers themselves. The group’s online magazine, entitled ‘The Sharks Exposed’, details the total lack of protection for expat...
13 Jun at 6 PM 2014
The two masterminds behind one of the biggest ever boiler room scams have been jailed for ripping off £millions from unwary investors. Jeffrey Revell-Reade and Anthony May were found guilty in a London court of conspiracy to defraud over a thousand investors.
The total sum lost was estimated at around 70 million sterling, and sentences of eight and seven years respectively were handed down by the judge. The pair, based in Spain, ran a team of telephone salesmen targeting British pensioners using high-pressure sales techniques....
13 Jun at 6 PM 2014
Oz’s new campaign to lure British millionaires to a new life will include an immigration fair in London featuring tastings of Victoria State’s best vintages.
Australian wines are highly regarded worldwide, with Victoria State’s vineyards some of the country’s best known for premium vintages. The government’s campaign aims to attract millionaire investors by demonstrating Australia
’s upscale lifestyle exemplified by tastings of its fine wines.
An ever-popular emigration destination for British citizens, Australia
11 Jun at 6 PM 2014
As the popularity of New Zealand as an expat destination soars, fears of increasing upward pressure on the country’s real estate prices are emerging.
The recent excess of immigrants to New Zealand against the fast-falling number of migrants is putting pressure on the already-stressed Kiwi housing market, with professionals in the field expecting a further 12 per cent rise in house prices by the end of 2015. Net inflow of immigrants is expected to rise to 45,000 by December this year.
A similar boom in net migration last year...
10 Jun at 6 PM 2014
The revenue to be gained worldwide by investing in and promoting medical tourism has resulted in a slew of countries setting up private hospitals and clinics, with Dubai the latest to announce its aim to become a world medical tourism hub.
The oil-rich country now boasts internationally-accredited hospitals with world-class facilites as well as acclaimed specialists in the field, and is well-placed to fulfill its ambition. The emirate’s health authority met last week to invite stakeholders to benefit from the extensive financial...