Expat Emigration News
Latest 10 news items tagged Emigration
10 Feb at 2 PM 2015
Two times as many Chinese people are quitting the country and heading for pastures new than the number of expats returning home, according to a recent survey.
Moving firm UniGroup Relocation revealed that the US topped the list of preferred countries among Chinese expats, while Germany, Singapore and France completed the top four.
The Wall Street Journal reports that UniGroup’s data showed that two times as many people left China than returned to the country last year; however, the company did not state whether the Chinese...
13 Nov at 9 AM 2014
British expats do not properly integrate after emigrating
, according to a new survey, which says they prefer to stick to their own social groups.
British expats living in United Arab Emirates and African countries are the least integrated, said the study, which was conducted by global relocation specialist Robinsons.
The survey showed that almost a third of respondents, 27 per cent, said that their friends were “mainly British”, while 10 per cent described their social group as “exclusively British”. At the opposite end of the...
6 Nov at 6 PM 2014
A recently released survey warns that would-be expats seeking a new life overseas should watch out for hidden hurdles such as tax and currency issues or unfamiliar legalities.
Up to 400,000 Brits emigrate
every year, with most citing a more relaxed lifestyle as a major reason for their life-changing decision. However, the survey revealed that it’s not the most alien destinations as regards language and culture which cause the most stress – it’s mostly all-time favourite English-speaking countries such as Australia and the...
24 Oct at 6 PM 2014
The UK’s Foreign and Commonwealth Office (FCO) is urging retirees heading for life overseas to look carefully and plan ahead before they leap.
Millions of UK nationals are now aiming to relocate or retire abroad, with the tempting prospect of warmer weather and a better lifestyle the main reason for the decision. However, it seems that not all prospective expats know exactly what they’re letting themselves in for as regards cultural differences and financial worries.
A recent survey confirmed that two-thirds of those planning...
20 Oct at 6 PM 2014
Problems with retaining bank accounts and complying with complicated regulations are hitting hard on all US expats, but those who emigrated to Canada many years ago are experiencing the worst effects.
Last February, the Canadian government finally signed on to co-operation with FATCA ruling as regards the disclosure of privately held offshore assets belonging to US expats resident north of the border. The steep penalties imposed on non-compliant foreign banks and the mass of paperwork required has led to many US and foreign banks...
17 Oct at 6 PM 2014
An expat survey conducted amongst new arrivals by the Bank of Canada emphasises that, wherever you decide to settle, getting money matters straight is essential.
Although the survey focuses on Canada, its conclusions hold true in all expat destinations worldwide. New arrivals face similar financial challenges wherever they decide to live, and simple mistakes can ruin lifestyles and cause huge losses.
Factoring in expenses such as the actual cost of the move itself or transporting pets as well as people often aren’t taken into...
24 Sep at 6 PM 2014
Two British expats who’ve probably forgotten they’d bought Premium Bonds are sitting on a major windfall totalling £150,000.
The UK’s Premium Bond scheme encouraged millions of post-war Britons to buy its shares at £1 each and take part in its monthly draws. Many savers won small or larger prizes over the years until the National Lottery and the later Euro lotteries began offering huge prizes not linked to savings.
One of the two unclaimed prizes is due to a woman holding six bonds who emigrated to Australia and...
11 Sep at 6 PM 2014
Workers in the UK’s civil service and public services hoping to retire overseas via a QROPS have had their hopes dashed by a government ban on unfunded defined pension transfers.
UK Chancellor George Osborne has announced that, from April 2015, some transfers from civil service and public pensions will be banned. Although the news wasn’t exactly unexpected, it’s yet another blow for retirees hoping to emigrate
The announcement is part of a raft of pension rule changes presented for parliamentary discussion and is expected to...
11 Aug at 6 PM 2014
In a desperate move to stop the majority of Irish medical professionals leaving for better-paid jobs overseas, the government is being urged to cut an impressive tax deal with newly-graduated doctors.
A detailed proposal from two Irish government departments, Finance and Health, is being closely scrutinised for inclusion in the country’s 2015 budget. The move follows the continuing migration of a huge number of doctors, nurses and other health professionals to the UK, Canada, Australia and New Zealand.
The five million euro per...
28 Jul at 6 PM 2014
The 15 July official QROPS list published by the UK’s HMRC has suspended a total of 118 Qualified Recognised Overseas Pension Schemes (QROPS).
The mass cull is the third largest since the scheme itself was introduced in April 2006, and includes 99 Australian QROPS, one from Mauritius, 15 from India and two from Canada. The tax authority declines to explain the reasons for its decisions, but suspensions can be the result of pensions no longer qualifying for inclusion, tax abuse, single member schemes losing members or reviews of a...