Expat Emigration News

Latest 10 news items tagged Emigration

30 Nov at 6 PM 2017

Plunging pound angers Brit retirees on frozen pensions

More than half a million UK expat pensioners are suffering from the effect of the plunging pound on their frozen state pensions. UK expats living in EU member states were told in September their state pensions would still be upgraded annually as per the ‘triple lock’ rule. The agreement covers British pensioners remaining in the EU post–Brexit a well as those in the European Economic Area and Switzerland, but no mention was made and no reprieve was given to the half a million and more pensioners living overseas. For several...
27 Nov at 6 PM 2017

Brit owner of bar hit by Irma is determined to rebuild

A British expat and his family living and working on St Martin when Hurricane Irma struck are determined to rebuild their popular Honky-Tonk Bar. Born in the Lancashire town of Bury, Simon Healey swapped the rainy northern town for the sunny Caribbean island when he was just 23 years old. Some 14 years later, he’d married, had children and was the proprietor of one of the island’s most popular bars. His expat dream was shattered when Hurricane Irma made landfall on the island, flattening thousands of homes, destroying the...
30 Oct at 6 PM 2017

Brit expats dream lives ruined by nightmare neighbours

UK expats in Spain feature on UK TV documentary proving bad neighbours can turn heaven into hell. Nightmare Neighbours Abroad was screened in the UK, featuring three tales of woe in which the expats’ Spanish dreams turned into a daily nightmare due to problems with nasty neighbours. The expats claim their lives in the sun were totally ruined by the attitudes and acts of both expats and locals. Retirees John and Karen Dobinson chose Spain for their hopefully peaceful retirement, settling in the coastal town of Murcia. Initially,...
24 Oct at 6 PM 2017

Financial firms log a deluge of complaints from clients

Consumers are lodging millions of complaints with the UK's Financial Services Agency over poor and unsuitable financial services. Allowing a financial advisor to manage investments and savings can be seriously detrimental to the heath of your wealth, according to consumer watchdogs. IFAs, financial firms and banks have been hit with a deluge of complaints about mis-selling and poor advice over the first half of 2017, with the vast majority based on financial losses. Over 950,000 consumers are claiming they’ve been wrongly sold...
20 Oct at 6 PM 2017

State pensions not enough for comfortable expat retirement

New research reveals state pensions worldwide don’t provide enough for a comfortable retirement in any country. A study by the Swiss bank UBS has made it crystal clear that relying on a state pension anywhere in the world makes no sense, as all pay the minimum amount necessary to cover basic expenses. The bank’s research identified a pension gap in all major world countries’ state pensions large enough to make even the necessities of life difficult to cover. The widest gap is found in Hong Kong, one of the world’s most...
19 Oct at 6 PM 2017

Baby Boomers still retiring overseas in droves

As the 21st century gets even more confusing, the Baby Boomer generation is heading off into the sunshine for a tropical retirement. Survey after survey is revealing the most important factor in the decision to emigrate is the wish to enjoy a lower cost of living in a warmer, more laid-back environment. The Baby Boomer generation still has its zest for life, and seems to be determined to live it as far away as possible from their countries of birth. Better weather is a must-have, as is a lively community which believes life begins at...
5 Oct at 6 PM 2017

Good news for expats as Spanish property market stabilises

After a wild ride down, up and down again during the past decade, the Spanish property market is now stable. Over the past five years, the real estate market in Spain has undergone a remarkable transformation resulting in its becoming attractive to a far wider range of buyers. Whether purchases are made by newly arrived expats, Brits fleeing Brexit, second home buyers or investors, the rush to buy has seen prices increase substantially, especially in the country’s most popular tourism and expatriate destinations. Marbella,...
19 Sep at 6 PM 2017

Portuguese government to tax expat retiree pensions

Portugal’s foreign retiree community’s pension payments are about to become taxable, according to the country’s Finance Minister. The introduction in 2009 of a special tax break for ‘non-habitual residents’ has seen an increase in Portugal’s popularity as an international expat retirement hub, but confirmation that the government is now planning to introduce a new income tax regime is certain to cause concern in the expat community. When quizzed by journalists, the Finance Minister stated the necessary amendment would be...
18 Sep at 6 PM 2017

Brit expats in UAE appalled and angry over tube train bomb

British expat professionals living and working in the UAE are furious and appalled at the explosion in a London tube train. The failed major terrorist attack on a London commuter tube train last Friday has resulted in anger amongst the many British professionals working in the UAE. Although the device itself was flawed and its explosive content did not ignite, the flash when the detonator blew up was enough to injure 20 commuters and cause panic across the capital. One Britisher working in the UAE told local reporters the train...
18 Sep at 6 PM 2017

Post Brexit chaos threatens UK expats with private pensions

British expat retirees with private UK pensions are being warned their regular payments may be at risk post-Brexit. Chairperson of the parliamentary Treasury Committee Nicky Morgan is calling for immediate action over the risk to UK expat private pension holders that their regular payments may be blocked after Brexit takes effect. Morgan is attempting to draw attention to the possible problem by writing to the UK chancellor to ask whether the issue will be discussed during the next round of UK/EU negotiations. The problem is...