Expat Currency News

Latest 10 news items tagged Currency

26 Apr at 6 PM 2017

Warnings about QROPS pension scammers still hitting the headlines

Due perhaps to the soaring popularity over the last decade of the Qualifying Recognised Overseas Pension Scheme (QROPS) and its benefits for those on private pensions, the numbers of pension scammers taking advantage of financial novices have also shown a massive increase. QROPS are based outside the UK and must meet stringent conditions imposed by Her Majesty’s Customs and Excise. Should the conditions be breached, the hapless pension saver will be liable for a tax bill of 55 per cent of the full amount. However, for pensioners...
27 Mar at 6 PM 2017

Corbyn calls for immediate repeal of UK frozen pension legislation

UK Labour Party leader Jeremy Corbyn has joined the fight to repeal Britain’s hated ‘frozen pensions’ policy by calling for an immediate parliamentary vote to repeal the ruling. Corbyn has been a strong supporter of the campaign to end expat frozen pensions, and is now urging British lawmakers to vote to end the discriminatory regulation. Labour MPs have just a week to secure a debate and vote in the House of Commons, as the UK Parliament’s Easter Recess begins on March 30. If the party’s efforts are successful, around half...
27 Mar at 6 PM 2017

Newbie expat mistakes and how to correct them

Moving overseas is a stressful experience, whatever your reason for leaving the home country, but avoiding the headaches caused by obvious mistakes isn’t as hard as it may seem. In the rush to make sure you, your family if applicable and even the dog arrive safely in your new country, it’s easy to put off or even forget essential tasks which will make your life easier after you arrive and even ensure your eventual return will be trouble-free. Most of the tips here involve money and the ease of your access to it, a subject which...
22 Mar at 6 PM 2017

Singapore still the most expensive place on the planet

For the fourth year running, Singapore is rated as the world’s most expensive location for expat professionals. The latest league table showing expat costs of living across major world locations has confirmed Singapore as the most expensive city for expatriates.The Economist Intelligence Unit’s study sees the Southeast Asian city state top the league for the fourth year in succession as well as noting 50 per cent of the world’s most pricey expat locations are now in Asia. However, in spite of its high ranking, Singapore offers...
16 Mar at 6 PM 2017

Offshore account benefits for UK expats

Deciding how to organise expat banking needs in order to give easy access to cash held outside the new country of residence can be a trying aspect of planning for a new life abroad. Offshore accounts are often the first option on the to-do list necessary for a smooth transfer from the home country to the chosen expat destination, whether the move is for retirement or for a new job overseas. One thing’s for sure, many expats now feel safer in these difficult days knowing the bulk of their savings is in a secure offshore bank rather...
9 Mar at 6 PM 2017

Avoiding financial worries as an expat in Singapore

Managing money as a newly arrived expat in Singapore has its inevitable pitfalls, but it’s easy to find ways around just about every aspect of budget control. Singapore is one of the world’s most popular expat hubs, and is also one of the most expensive as regards maintaining a comfortable lifestyle, whatever your salary level. The old advice of 'save the pennies and the pounds will take care of themselves' is a good way to start, and comes with the added bonus of feeling smug. Most money worries suffered by expats in...
8 Mar at 6 PM 2017

British buy to let properties back in favour with expat investors

Over the past year, UK expat investors have returned to the home country’s buy-to-let marketplace, with interest fuelled by easier mortgages and the falling pound. Two factors are in play as regards the increasing popularity of British buy-to-let properties with expat investors. Firstly, previous problems with obtaining mortgages whilst living overseas have eased, with several well-known offshore banks reopening their doors to those wishing to enter the buy-to-let market. Secondly, the fall in sterling since the referendum has been...
17 Feb at 6 PM 2017

UK expat frozen pensions still under fire in Australia

In spite of many legal and political knock-backs, the fight against the British government’s stance on frozen pensions is still alive and kicking in Australia. The disgrace of frozen pensions has continued over many years, with many thousands of elderly UK long-stay expats living overseas being forced into increasing poverty by the rule. Currency fluctuations make matters worse, as a heavy fall in sterling can mean the difference between just getting by and being unable to support even the most basic lifestyle. Often, UK pensioners...
10 Feb at 6 PM 2017

Financial mistakes to avoid when emigrating

Moving overseas, whether it’s for a new job or retirement, is challenging at best and terrifying at worst, but care and common sense can make sure financial errors don’t ruin the entire experience. The majority of those intending to stay overseas for a good while are stuck with the necessity of packing and shipping their personal belongings.The obvious way out of this stressful do-it-yourself trap is to use a professional company which takes care of everything on a door-to-door basis, even although the service isn’t cheap....
9 Feb at 6 PM 2017

Cambodia surpassing Thailand as expat Shangri La

Overshadowed for years by its next door neighbour Thailand, Cambodia is coming into its own as the preferred destination for expats looking for friendliness, natural beauty, an inexpensive cost of living and straightforward visas. Famed for decades for its spectacular Angkor Wat temples, Cambodia has drawn tourists to its mostly unspoiled land for several decades, with its attractions as an expat hub now resulting in increased numbers of arrivals looking for a safe, friendly, laid back life. In addition, the country is growing its...