Expat Euro News
Latest 10 news items tagged Euro
9 Dec at 6 PM 2013
The UK chancellor’s Autumn Budget Statement will bring a raft of changes for pensioners both home and abroad as well as affecting private pension investors.
The state pension will be increased by £2.95 per week from April next year, but Britons retiring in European Economic Area states which are on average warmer in winter than the hottest UK region will no longer receive the winter fuel payment from April 2015. Those living in northern Spain, France and Italy are likely to be severely affected.
In a nod to the already wealthy,...
2 Dec at 6 PM 2013
A wealthy property entrepreneur and his culinary-talented wife have won a landmark case brought by HMRC over £5 million capital gains tax bill.
James and Sarah Glyn sold up their £29 million of assets and moved to Monaco, believing that, as they no longer had a home in the UK, they were not subject to capital gains tax on the property sales. The revenue department, unsurprisingly, disagreed, and sent Glyn a bill for £5 million.
The basis for HMRC’s decision was that Mrs Glyn, an accomplished cook, often returned to the UK to...
26 Nov at 6 PM 2013
Results of a recent survey on salary trends suggest that expats working in Latin America will see the highest salary increases in 2014.
The Salary Trends survey, initiated by ECA International, revealed bad news for UK employees, who may only receive 3 per cent rises, if any at all. With inflation in the UK taken into account and the recent swinging increases in power prices and commuter rail tickets, it seems British workers will feel no relief from hard times.
The UK is second only to Finland as regards the miserliness of...
26 Nov at 6 PM 2013
Living, working or retiring abroad is the end of the rainbow for many disgruntled Brits these days, with many planning to chase their dream as far as is necessary.
The expat experience is seldom what was expected in the months of planning and getting ready to leave. It can be emotionally and financially rewarding with careful planning but many are forced to return to the UK after losing everything.
The Foreign and Commonwealth office consider that success or failure depends on adequate planning and, although it’s often not that...
22 Nov at 6 PM 2013
The boom in expat retirees over the past decade has led to real estate prices in a number of world expat hot-spots to soar, with many new arrivals now deciding to rent rather than buy.
Homes in developing nations deemed suitable for expats have increased considerably in value, with many reaching prices seen in the USA and even the UK. With investments underperforming and the cost of living a vital consideration, renting a home in the sunshine is becoming more popular.
Real estate specialists are in agreement, saying that renting...
15 Nov at 6 PM 2013
A recent press release by ITV is set to warm the hearts of expats living in Europe and deprived until now of their favourite soaps.
The press release revealed that a new ITV channel, ITV Essentials, has been set up in order to allow expats and holidaymakers to keep up with the goings on in their favourite soaps. The service is being provided in partnership with Saffron Digital, specialists in the delivery and management of OTT solutions, and saw its launch earlier this week.
The channel can be watched in Spain, Italy, France,...
14 Nov at 6 PM 2013
As if the frozen pensions scandal wasn’t enough, the controversy over the payment of winter fuel allowances for expat pensioners has ignited again.
Since they began, winter fuel allowances have been paid to pensioners in the UK, in the EU and in several other world countries. As part of the new Pensions Bill, it now seems that those retirees living in countries deemed to have a higher winter temperature than most of Britain are to lose the benefit.
The method by which temperatures in European countries have been calculated has...
12 Nov at 6 PM 2013
Currency fluctuations since the 2008 financial crisis have hit British expats all over the world, but retirees in Canada have been the worst sufferers from the falling pound sterling.
Taking the UK state pension as it was in April 2007 as a benchmark, foreign exchange expert have calculated the losses to British pensioners in a number of worldwide destinations. At that point in time, sterling was strong against a range of currencies, and bought 2.29 Canadian dollars.
Six years later, the exchange rate has fallen to 1.65 CA$ to the...
11 Nov at 6 PM 2013
Filipino expats and US/UK citizens with friends and relatives living in the typhoon-devastated areas are struggling without news as the communications blackout continues.
The devastating storm, one of the strongest the modern world has seen, laid waste to popular beachside areas in Cebu as well as other more remote ecotourism destination islands popular with visitors. The worst-hit was the Visayas archipelago, home to a number of beach communities popular with retirees.
The Filipino community worldwide is taking part in prayer...
4 Nov at 6 PM 2013
In spite of the higher earnings potential of the region, expats in the United Arab Emirates are finding their disposable income is being hit by rapidly rising living costs.
Recent survey results showed that, although the region was high on the list for its social life, expat employees’ disposable income is amongst the lowest of all the countries surveyed. Inflation and recent sharp increases on property prices and rents are a considerable cause for concern nowadays, according to those surveyed.
The survey, conducted by HSBC on an...