Expat Money News

Latest 10 news items tagged Money

25 Feb at 6 PM 2015

UK: Changes to pension tax to affect expats

British retirees looking to cash in their pensions could benefit because of changes to the rules regarding withdrawing lump sums that will be introduced in April. The new regulations do not require a person to buy an annuity, while an added bonus for those wanting to take out large amounts before moving overseas is that there will be a reduction to the tax charge imposed – which currently stands at 55 per cent – when withdrawing cash from a pension pot. As of April this year, anybody aged 55 or above will have more freedom to...
20 Feb at 12 PM 2015

Thailand: French expat attack linked to deadly Russian kidnapping

Police on the Thai resort island of Phuket have yet to investigate reported links between a violent hatchet attack on a French expat and a Russian abduction case. Eric Seigneurin, an expat who runs the Blue Garden Resort and Spa in Cherng Talay, sustained four-inch-deep wounds to the back and side of his head after being attacked with a hatchet near his home on 8 February. Despite stories linking the attack to an alleged kidnapping in which 22-year-old Russian Iana Strizheus was discovered battered and bruised in Mr Seigneurin’s...
20 Feb at 9 AM 2015

More students opting to study in New Zealand

The number of foreign students opting to study in New Zealand is higher than it has been for four years, according to official figures. The figures show that between January and August last year there was a 12 per cent rise to around 10,100 in student numbers compared to the same period the previous year. The numbers mean foreign students are now worth roughly NZ$2.85bn to New Zealand and have brought in NZ$83m in tuition fees – 13 per cent more than in 2013. Education, Skills and Employment Minister Steven Joyce described it as...
19 Feb at 4 PM 2015

Search for missing Brit in Portugal widens to Spain

Police searching for a missing British expat in Portugal have said that he may have crossed over the border into southern Spain. Thirty-one-year-old Jon Edwards, originally from Arbroath in eastern Scotland, lived in the southwestern Portuguese town of Lagos but hasn’t been seen since September. Two days before disappearing, Edwards knocked himself out after falling down a hill when drunk at a party. The following day he said on Facebook that the night was a “complete disaster” and that he was a “broken man”. He also...
16 Feb at 4 PM 2015

Phuket barman charged after attacking non-paying expat

A barman on the Thai resort island of Phuket has been charged after attacking a British expat with a baseball bat when he said he didn’t have the money to pay his bill. Thirty-seven-year-old Sarawuth Kongphat, who works at the Green Leaf Bar in Rawai, beat Christopher Stark so badly upon being told that he had run out of cash that he fractured his skull. Kongphat initially told police Stark had punched him first but, according to Lieutenant Chollada Chokdeesrijun of the Chalong Police, there was no evidence the barman had suffered...
6 Feb at 9 AM 2015

Expat landlord in Spain wins court case against non-paying tenant

A British expat landlord in Spain has won a lengthy legal battle against a tenant who failed to pay rent for two years. Sixty-six-year-old Dave Lomas from Middlesbrough can finally breathe a sigh of relief after his non-paying tenant was ordered to move out of the premises in Campillos, southern Spain, by 10 March. This came after a two-year legal struggle in which Lomas fought for the tenant to be evicted. Lomas, who even staged a one-man protest outside his property in November, might have his home back but he is unlikely to ever...
2 Feb at 6 PM 2015

British expats on Phuket burgled

Two British expats on the Thai resort island of Phuket were burgled on Friday evening, with money and valuables being stolen. The expats, who lived with their partners in Mission Heights in Thekrasattree, were not the first to be burgled in the area this year, with three other expats suffering the same fate in Bang Rong, just a few kilometres away, on 10 January. Police believe the same people may be responsible for all five burglaries. Fifty-four-year-old Peter Tiehurst, from the UK, and his Thai partner Luksanawan Srisamut, 46,...
13 Jan at 2 PM 2015

Filipino expat in Saudi Arabia handed seven-year prison sentence for murder

A Qatari court has sentenced a Filipino expatriate to seven years in jail after finding him guilty of murdering one of his compatriots. The court has also told the man to pay QR200,000 in blood money to the victim’s family after the death sentence was waived. The man has appealed the judgment and the case has been adjourned till 23 February, when it will be heard at a higher level. The man was found guilty of repeatedly hitting the victim with an iron rod, before stabbing him with a knife and pouring burning oil over the...
8 Jan at 10 AM 2015

Remittances from Egyptian expats equate to three times Suez Canal revenues

The amount of money expatriate Egyptians send home is equal to three times the revenue earned by the Suez Canal, according to the World Bank’s director of migration and remittances Dilip Ratha. Egyptians send home around US$20bn annually, with Ratha revealing that the figure had doubled more than once in the past four or five years. He pointed out that the money sent home was now three times greater than revenues earned from the Suez Canal. However, he noted that a number of countries, including Egypt, were currently thinking...
29 Dec at 12 PM 2014

UAE: Expats workers made to pay for visa renewal

Expat workers in the UAE are being illegally charged as much as AED15,000 by employers to renew their working visas every two years, a Bangladesh embassy employee has said. It costs AED2,879 to renew a manual worker’s visa, but the law states that it is the employer’s responsibility to pay for it. But, according to the embassy staff member, expats from Pakistan, Nepal, India and Bangladesh are being forced to front the bill by many owners of small businesses. Bangladeshi embassy councillor Mohammed Shahadat Husain in Abu Dhabi...