Expat Caribbean News

Latest 10 news items tagged Caribbean

30 Nov at 6 PM 2016

Frozen pensions force repatriation on UK expats overseas

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...
21 Oct at 4 PM 2016

Harlequin Property insolvent after scamming expats out of millions

Harlequin Property SVG, infamous amongst expats for its Caribbean and Thailand property scams, is now insolvent and has appointed a professional trustee. The company is based on St Vincent and the Grenadines, a Caribbean offshore location for many companies with doubtful legitimacy, and is the offshoot of another company with the same name. Briton David Ames and his sidekick Richard Houghton were instrumental in swindling expat pensioners out of their savings by selling off-plan beachside condos, only a few of which were actually ...
19 Aug at 6 PM 2016

EU based retirees fear loss of UK state pension increases

Many thousands of UK state pensioners living in the EU fear losing their rights to regular pension increases due to the post Brexit fallout. The expat communities of Spain and, to some extent, France, are crammed with UK citizens who’d made the choice between poverty in Britain and comparative comfort abroad. Many sold their UK homes in order to buy an apartment in one of the Andalusian coastal resorts, and have been living within their means on just their UK state pension. With the advent of Brexit, their financial security may...
9 Aug at 6 PM 2016

How will Brexit affect UK expat state pensioners

European Union membership has ensured that retired UK citizens living in member states have their pensions annually updated, but Brexit is expected to change the rules. The situation is now unclear, but one thing is certain in that, when the UK leaves the EU, all rights to updated pensions will be lost unless new agreements take place with each individual country. Over a million Britons who chose to leave the home country are now in limbo as regards their future state pension income. Emigrating to an EU / EEA member state ensured...
26 Jul at 6 PM 2016

Unconventional destinations for adventurous British expats

If the usual expat destinations have lost their appeal for the more adventurous British would-be emigrant, these five countries are well worth considering. Over 5.5 million Britons are believed to be living, working or retiring overseas, with the most popular destinations being Spain, Australia, Ireland, Canada and the USA. Great weather and cultural similarities are attractions in themselves, but for those who don’t want to be encased in a Little Britain scenario, there are other interesting choices out there. Provided the...
20 Jul at 6 PM 2016

Survey suggests ten best comfort zones for overseas retirement

Retirement overseas means different things for different people, but the essentials remain the same when searching for an affordable comfort zone. Given the political chaos spreading across the Western world, it’s no surprise that more and more people are looking for an escape hatch to exotic climes. Essentials aren’t likely to be as they were in the home country, but neither are the stresses of living in uncertain times. Affordability as regards cost of living and real estate, acceptable, accessible health care, low crime...
10 Jun at 6 PM 2016

Expat favourites in this global migration century

With global migration now at an all-time high and involving huge numbers of international professionals as well as retirees, where do they come from and where do they go? Professional expats have many reasons for leaving the home country, with career prospects, increased salaries, an improvement in the work/life balance and the excitement of a new challenge some of the most important. A new report from the United Nations tracks the most popular destination countries and maps the home countries of the international diaspora. The...
12 May at 6 PM 2016

Brit expats face state pension slash should Brexit succeed

UK expats settled in European hot spots could see their triple-locked state pension frozen pending negotiations with EU member states regarding the annual increase. The present system permits British retirees living in European Economic Area (EEA) countries to receive annual pension increases related to either inflation or 2.5 per cent, whichever is greater. Should the UK leave the EU, pension payments are likely to be frozen at the current level due to the necessity of negotiating new agreements with individual countries. Should...
5 May at 6 PM 2016

Mexico may be easy option for EU expat life

Already popular with expats from the USA and Canada, Mexico could also be a great option for retirees from European countries. Familiar Western comforts, reliable services and, most importantly, English-speaking locals have all made Mexico the destination of choice for a million Americans and half a million Canadians. For those wanting a predictable lifestyle, it’s seen as a half-way house between the first world and distant exotic destinations with almost as many negatives as positives. The country’s culture is Americanised due...
30 Mar at 6 PM 2016

Currency exchange roller coaster hitting Brit expats in Europe

British pensioners who’ve moved to other EU member states over the past ten years have seen currency rates shave 11 per cent off their income. Fluctuating exchange rates since 2006 have reduced the actual value in euros of British pensions by 11 per cent, according to pension provider companies. Combined with a rise in the cost of living across the Eurozone and a major fall in property values, it’s bad news for expats who planned a comfortable retirement overseas. The latest fall in the value of the British pound is the result...