Expat Citizenship News

Latest 10 news items tagged Citizenship

22 Aug at 6 PM 2014

Has UK government declared open season on expats

Hard on the heels of the projected loss of tax allowances, the banking clampdown on expat accounts and credit cards and other punitive measures comes the threat of expat tax errors being criminalised. As if frozen pensions, cancelled winter fuel allowances, disenfranchisement and the dysfunctional passport replacement changes weren’t enough, it seems that the government is continuing to dream up more ways of wrecking overseas pensioners’ lives. The latest news that an error or oversight in declarations of overseas income will...
21 Aug at 6 PM 2014

Best 10 low tax jurisdictions for wealthy expats

The rash of changes in international tax laws have caused difficulties for wealthy would-be expats, but the globe still holds a number of low-tax jurisdictions happy to accept large pension pots and savings. A recent investigation revealed the top ten most tax-friendly countries based on actual tax rates, lifestyles, political and economic security and tempting expat packages for the wealthy or comfortably off. Many are idyllic tropical paradises, and several have tax rates as low as zero. The Bahamas is an ever-popular refuge with...
21 Aug at 6 PM 2014

UK expats encouraged to complain about treatment by UK banks

British citizens living overseas are being urged to complain to the Competition and Markets Authority (CMA) about unfair treatment by onshore UK banks. The controversy over the treatment of UK expats by onshore banks is ratcheting up after calls to report offenders to the UK authorities. A majority of expats working or retiring overseas have kept their former UK bank accounts to facilitate transfers of pensions and other payments to bank accounts in their countries of residence. Although UK state pensions are able to be paid into...
18 Aug at 6 PM 2014

Run up to New Zealand election marred by racism

As New Zealand’s election campaign hots up, a disturbing new theme is emerging as at least two political parties are being accused of racist comments. In this peace-loving island country, racial tolerance has always been regarded as a cause for pride. Remarks made by the leader of the New Zealand First party’s campaign launch last Sunday have caused dismay amongst the South Pacific nation’s 4.5 million citizens. In the initial speech of his party’s campaign, Winston Peters slated the government for condoning the sale of...
15 Aug at 6 PM 2014

Are British banks ridding themselves of their UK expat customers

Between five and six million UK citizens living overseas may be at risk of losing their UK-based bank accounts. Of the millions of UK-born expats living overseas, at least 800,000 are believed to be domiciled in European Union states as business owners, retirees or employees of foreign or UK-based companies. Creeping moves by British high street banks suggest that British citizens living in the EU or farther afield may no longer be welcome as customers. The recent cancellation by Santander of expats’ debit cards held on their UK...
12 Aug at 6 PM 2014

UK government to strip personal tax allowance from expats overseas

Non-resident UK expats are to be hit by a £400 million tax raid if government plans to abolish their personal tax allowances pass a consultation. The proposal, hinted at during the Chancellor’s March 2014 Budget speech, has now been released for formal consultation and, if passed, will be brought in next year. At present, EU nationals and UK expats living or working overseas can offset income earned in Britain against the basic £10,000 personal tax allowance. Expats with buy-to-rent properties or those who are letting their UK...
8 Aug at 6 PM 2014

Do retirement dreams fade after second thoughts kick in

Survey after survey indicates that an increasing number of Brits can’t wait to retire overseas, but second thoughts later in life can wreck the dream. One recent study revealed that around six million British citizens are eager to move to other countries for a variety of reasons. However, many are younger people who find that, the older they get, the less they can face up to the challenges involved. In the real world, retirement overseas has its pitfalls, most of which can be avoided by careful planning and a large dose of...
6 Aug at 6 PM 2014

Research shows Saudi expat private sector workers earn less than locals

A new study has revealed that expats employed within Saudi Arabia’s private sector are paid around 50 per cent less than their Saudi equivalents. The survey, undertaken by the Saudi Labour Ministry, revealed a huge gap between comparative salaries for similar positions held by Saudi employees and their expat equivalents. A report on the study, confirmed by the Saudi Arabian Monetary Agency, suggests the practice covers all available jobs in the kingdom. For example, expat administrators and secretaries average SR1,640 against...
30 Jul at 6 PM 2014

Expat Brits reject EC call to vote in local and EU elections

In spite of a massive online and media campaign to encourage UK citizens living overseas to register to vote in the EU election and local polls, the results were embarrassingly small. The Electoral Commission’s campaign appeared on expat radio stations, online via expat forums and local English language newspapers and in various political parties’ overseas networks. The goal was to have 25,000 new registrations in time for the EU election, but the result was a sorry 7,079 votes. An increased number of registration forms were...
25 Jul at 6 PM 2014

Amsterdam scores as expat happiness central in spite of high tax rates

Many would-be expats would balk at the thought of paying 52 per cent income tax on their earnings overseas, but the charm of Amsterdam is such that no-one seems to mind. Most expats living in the historic Dutch capital were lured by the promise of a choice of literally thousands of jobs in the tech, oil and other sectors. In spite of losing over half their salaries to the tax man, most have stayed due to the benefits and lifestyle they’ve learned to love. The Netherlands ranks consistently in the top ten tworld 's happiest...