Expat Australia News
Latest 10 news items tagged Australia
7 Dec at 6 PM 2016
The increasing financial burden of international standard education for the children of expats is now a major problem.
As the world economy stutters and relocation packages are replaced by local contracts, the ever-increasing fees changed by international schools overseas are becoming a major problem for expat families. As a result, globally mobile expats are being advised to stay firm on education costs when negotiating salaries and benefits.
The situation is becoming critical, with more and more expat parents deciding to...
7 Dec at 6 PM 2016
A hidden message in the Chancellor’s Autumn Statement indicated a government plan to align the process of taxation on overseas pension with that of UK pensions.
At the present time, pensioners living overseas and taking their income from the so-called Qualifying Registered Overseas Pension Schemes’, (QROPS), are only paying income tax of 90 pc on their earnings from the fund. The recent proposal will increase the tax payable to 100 pc, bringing it into line with the amount charged to UK pensioners.
The reason behind the change...
6 Dec at 6 PM 2016
Two long-stay expats living in the Chinese city of Hangzhou have been given Good Neighbour awards for their service to the community.
One of the traditional highlights of the annual Hangzhou Neighbour Festival is the giving of Good Neighbour awards to residents who’ve made significant contributions to their local community. This year, two foreigners were voted the awards for the first time by local residents.
Australian hotelier Pater Zaunmayr arrived in China 15 years ago and has lived in Hangzhou’s Xixi community for three...
30 Nov at 6 PM 2016
Over the past year, over two thousand retired British expats have been forced to repatriate to the UK due to their state pensions being frozen.
Official figures from Britain’s Department for Work and Pensions show several thousand British citizens who’d chosen to live overseas In retirement were forced to return to the UK due to their state pensions being frozen. Many of the returnees had lived abroad long-term and were no longer able to support themselves on the original amounts paid at the time they left the UK.
The data was...
28 Nov at 6 PM 2016
The latest investment fraud warning to expats in New Zealand, Australia
and South East Asia involves two fake companies with misleading websites.
Expatriates retiring, living and working in Asia Pacific countries are the latest to be targeted by British boiler room fraudsters located in Bangkok, Manila and Cebu. According to an online investigative journalist, two websites pretending to be based in Oregon and New York are, in fact, no more than fronts for the boiler room scams.
The scammers are reported as promoting the online...
22 Nov at 6 PM 2016
If there’s one thing which leads to wrong decisions by retiree investors in expat finance and pensions, it’s the language used by their advisors.
Many expat retirees are totally inexperienced as regards the terminology of money management and investment, a lack which has led a large number to lose a large chunk of their pension savings simply by believing what they were told as regards annual returns. Since the introduction of the so-called ‘pension freedoms’ last year, the problem has worsened, especially in expat retirement...
18 Nov at 6 PM 2016
Following a number of incidents, expat and tourist women in Dubai and across the UAE are being advised not to report rape and sexual violence attacks
The warnings come after a 25-year old British national was arrested and charged with adultery after reporting her rape by two British tourists. The victim, at present released on bail after being held in custody since the attack, is to face trial by Sharia law, whilst the two rapist were allowed to return to the UK. Sharia punishments for extramarital sex include floggings, imprisonment,...
16 Nov at 4 PM 2016
The latest expat survey gives an extensive glimpse into expatriate lives and identifies the best world cities for quality of life and career success.
The InterNations Expat Insider 2016 survey was based on all aspects of expat life including career prospects, lifestyle quality, friendliness of locals and even the weather. No less than 17 world cities were highly rated, giving prospective expatriates a choice of cultures, salary levels and more.
Top of the range was Melbourne, Australia
, with 80 per cent of expats commending the...
14 Nov at 6 PM 2016
In spite of endless warnings about online and offline financial fraud, it’s still a major problem across the world, with expats particularly vulnerable.
Financial crime is still the most likely crime to hit ordinary people across all first-world countries, in spite of countless efforts by the media, financial authorities and police worldwide. It seems that as the warnings get louder, the crooks get smarter and more people find they’ve lost their savings.
Expats, especially retirees, are at risk due to the fact they often have...
7 Nov at 6 PM 2016
Whilst the world waits with bated breath for tomorrow’s US presidential election result, Kiwi expats in New York are considering leaving should Trump win.
The New Zealand expat community in New York is well-established, with many immigrants running successful businesses in Brooklyn serving both New Zealanders and Australians. The race to occupy the White House has caused friction all over the USA, with Kiwi expats feeling its effects as much as American citizens.
One Kiwi restauranteur who’s been serving up favourite New...