Expat India News
Latest 10 news items tagged India
3 Nov at 6 PM 2014
Financial advisors providing QROPS pension transfers to expat investors are fearful that the UK’s HMRC is planning to suspend India
’s position as a QROPS jurisdiction.
Alarms were raised in the sector after the authority rushed out a revised list of QROPS just days after the regular list was issued. On the new list, five previously authorised India
-based QROPS were shown as suspended.
Since the beginning of 2013, 19 India
QROPS have been marked as suspended, leaving just seven of the original 26 pensions still able to accept UK...
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...
25 Aug at 6 PM 2014
A new, fully comprehensive map shwoing the location of schools offering the British Curriculum has been launched online and is aimed at helping expat parents world-wide to find the best international schools for their children.
The British Curriculum is considered to be the prime educational system for UK expat children whose parents are or are planning to work in diverse overseas regions. It’s not offered at all international schools, but is essential for British youngsters who will be returning to the UK for further...
11 Aug at 6 PM 2014
Following the revelation that a large number of expats all over the world are cheating on UK welfare payments, investigations are now involving over 100 Brits in Cyprus
It seems that UK expats living in the Mediterranean’s favourite lifestyle hubs are taking advantage of welfare benefits to which they are not entitled. According to the Department of Work and Pensions, benefit fraud is costing the UK some £82 million every year.
The latest expat destination to be investigated is Cyprus, with 126 Britons now being asked...
8 Aug at 6 PM 2014
Survey after survey indicates that an increasing number of Brits can’t wait to retire overseas, but second thoughts later in life can wreck the dream.
One recent study revealed that around six million British citizens are eager to move to other countries for a variety of reasons. However, many are younger people who find that, the older they get, the less they can face up to the challenges involved.
In the real world, retirement overseas has its pitfalls, most of which can be avoided by careful planning and a large dose of...
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...
7 Jul at 6 PM 2014
The complications of cross-border relationships involving expats’ love, marriage and even divorce issues have been revealed by a study of immigration assistance patterns.
Immigration assistance company Global Visa’s analysis of around 5,000 cases over the past few years has revealed the secrets of expat relationships and love lives. Apparently, almost 33 per cent of all visa applications are now rejected by immigration officers, with refusal numbers doubled since 2012 due to stricter rules in many countries.
24 Jun at 6 PM 2014
A new report has revealed that the traditional multi-millionaire haunts of London, Paris, New York and Geneva are losing their super-rich residents to exotic countries previously favoured by adventurous expats.
The survey, undertaken for Knight Frank’s Global Wealth Report, canvassed 23,000 ultra-high net worth multi-millionaires, and came up with some surprising changes. India
, Africa, the Middle East and Indonesia are steaming up the lists as the new, trendy places to settle when there’s no lack of capital to fund your...