Expat England News
Latest 10 news items tagged England
30 Oct at 6 PM 2014
QROPS are still a good choice for expats living permanently overseas as they give significant tax advantages in addition to conforming to the new pension rules.
Overseas workers and expats who’ve reached retirement will benefit tax-wise from a QROPS, provided they have left the UK
on a permanent basis. According to the Treasury, the new pension rules announced in the March budget speech will apply to QROPS, although the final wording has yet to be drafted.
Whatever the result, QROPS will still be a good deal for those who wish...
28 Oct at 6 PM 2014
A recent survey undertaken with a sample of US expats living in popular destinations revealed that almost three-quarters of respondents had considered voluntarily renouncing their citizenship to avoid the onerous FATCA requirements.
The complications of endless form-filling, the threat of being barred from opening local bank accounts and the invasion of personal financial privacy have already resulted in an unprecedented number of US expat citizens giving up their passports. According to the survey, 73 per cent of respondents admitted...
27 Oct at 6 PM 2014
The recently-published annual HSBC Expat survey has revealed that Asian locations offer the most affordable costs of living due to their cheaper accommodation, utility charges and groceries.
The well-regarded survey, based on expats’ ability to afford essential services and goods as well as on average disposable incomes, saw Switzerland hit the number one position as regards overall quality of life. However, for mere expat mortals rather than retired bankers, Asian destinations won out on sheer affordability.
Thailand and Vietnam...
24 Oct at 6 PM 2014
One of the most trying aspects of living overseas is currency transfer between your home country or offshore bank account and your account in your host country.
Whether you’re retiring overseas, working for a company which pays salaries from the UK
, freelancing, or just touring around the places you’ve always wanted to see before you make a decision about permanent residence, the stress and expense of currency transactions is often a negative experience. However, new technologies and several innovative start-ups are about to...
24 Oct at 6 PM 2014
’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...
21 Oct at 6 PM 2014
A recent survey revealed that 25 per cent of UK
expats no longer believe that costly international medical insurance is a necessity.
Factoring in the ever-increasing expense of international health insurance is a headache for all but the wealthiest of expats, wherever in the world they’ve decided to make their new homes. Overseas private hospitals, especially in Asian countries, are businesses first and healthcare providers second.
The 75 per cent of participants who bought health insurance seemed satisfied with the service...
21 Oct at 6 PM 2014
As conflicts erupt in European as well as the Middle East and Asia, the UK
Foreign Office has stepped up its travel warnings to both tourists and expats.
France is the number one target for the latest British authority warnings to UK
residents as well as visitors to the popular tourism and expat hub. A triple warning has been issued, with the expected terrorist backlash against France’s military intervention in the war between the Kurds and ISIS at the top of the list.
According to the French government, security measures have...
20 Oct at 6 PM 2014
A gang of fraudsters who targeted UK
pensioners living along Spain’s Costa del Sol in a coloured diamond scams are now all behind bars.
The gang of six, masterminded by Liverpudlian Adam Simmonds, operated a boiler room–style scam in the retirement hotspot of Marbella, hitting on unwary pensioners with offers of ‘rare’ coloured gemstones at hugely inflated prices. The pracitcally valueless diamonds were touted as an investment through the gang’s company, No 1 Gemstones.
Thousands of retiree Brits were cold-called with the...
17 Oct at 6 PM 2014
Whilst most expat attention nowadays is focused on how to avoid financial fraud, a British expat is on the run in Spain after being accused of a long-term rental property scam.
Many expats don’t realise that life in paradise can swiftly turn to life in hell, often with the assistance of seemingly trustworthy business people from their own home country. Rebecca Wells, a keen horserider from the UK
, provides a perfect example of the kind of helper no-one needs, having gone on the run after being accused of property fraud.
16 Oct at 6 PM 2014
Whilst the ever-changing new UK
rules regarding British pensions are confusing almost every saver and investor both on and offshore, HMRC’s recent QROPS announcement seems to bring good news for expat retirement savers.
Basically, the controversial Budget reforms are now to be applied to QROPS holders as well as to those with work-related or private pensions. However, according to the tax office, the finer details still need to be worked out and may result in modifications to the rules applicable to UK