Expat Money News

Latest 10 news items tagged Money

22 Aug at 6 PM 2016

Swiss expat in Chiang Mai victim of brutal murder

A retired expat living in Chiang Mai was found stabbed and strangled to death, and tied up to the stair rails in his rented house. Daniel Straub’s body was found a week ago in his rented house in Soi 6 off Suan Dok Road. He’d rented the house for six years and was well-known to his landlord, who found his body after he’d not seen him around for a day or so. The dead man’s motorcycle was missing from its usual parking spot, and belongings were stolen from the house. As is commonplace with expat deaths in Thailand, local...
19 Aug at 6 PM 2016

EU based retirees fear loss of UK state pension increases

Many thousands of UK state pensioners living in the EU fear losing their rights to regular pension increases due to the post Brexit fallout. The expat communities of Spain and, to some extent, France, are crammed with UK citizens who’d made the choice between poverty in Britain and comparative comfort abroad. Many sold their UK homes in order to buy an apartment in one of the Andalusian coastal resorts, and have been living within their means on just their UK state pension. With the advent of Brexit, their financial security may...
18 Aug at 6 PM 2016

Are offshore QROPs at risk following Brexit

Perhaps more than any other sector of British society, UK expats are likely to feel the effects of Brexit in most aspects of their lives, especially those related to money. Many British retirees now domiciled in EU member state companies will have paid into private or work-related pensions in order to ensure a comfortable retirement with little in the way of financial worries. At present, transferring a pension pot overseas is straightforward, but it’s possible that the Brexit negotiations may change the rules. The Qualified...
18 Aug at 6 PM 2016

Survey shows Switzerland is best choice for expat careers

HSBC’s Expat Explorer survey gives one of the best comparisons of locations suitable for career development, with Switzerland placed high on the list. Selecting the right relocation destination for a move to expat life isn’t easy, as it depends as much on personal preference as it does on salary and perks. However, for career development, Europe is still a great choice, with Switzerland considered by expats to be the best for salaries, job security, working conditions and lifestyle. Over 66 per cent of expat professionals working...
16 Aug at 6 PM 2016

Expats and tourists aghast at proposed Indonesia booze ban

Shock-horror and incomprehension amongst expats and tourists is greeting the news that the Indonesian parliament is debating a total ban on drinks containing more than one per cent alcohol. The shocking annoucement has caused world media headlines as well as panic amongst local bar owners, distributors and manufacturers of alcoholic drinks. The thought of Balinese sunsets without sundowners isn’t at all appealing to tourists and the country’s expat communities, even although alcohol is already banned in Papua and Java’s port city...
15 Aug at 6 PM 2016

Expats hitting a brick wall over cashing in pension pots

Pension savers living overseas are being denied access to their pension pots due to a Financial Conduct Agency stipulation that egulated financial advice must be taken before monies are released. The pensions revolution has become a chaotic nightmare for expat pensioners wanting to access their savings in British employers’ pension schemes as the FCA is now insisting on evidence of having consulted a UK registered IFA. Given that most holders of smaller pension pots know exactly what they are planning to do with their money, the...
12 Aug at 6 PM 2016

Spain still hub for expat financial fraud

Despite all the recent publicity about unlicensed, unqualified IFAs scamming expats out of their savings, fraudsters are still targeting Brit retirees in Spain. A warning from Britain’s Financial Conduct Authority about the growing trend of pension scamming by unqualified IFAs overseas has highlighted a number of incidents in Spain. The danger of losing a lifetime's worth of savings has escalated since the change in UK law made it possible for savers to access their pension pots at age 55. Expats in popular Spanish retirement...
4 Aug at 6 PM 2016

Citizenship and financial tips for UK expats in France

Although the final impact of Brexit on UK expats in France is not yet clear, it’s best to take all the precautions you can to ensure your right to remain. Preparing well in advance for the worst scenario whilst hoping for the best is simply common sense, given the uncharted post-Brexit waters. The first step in ensuring you are able to stay in France is to apply for French citizenship, as there’s no indication as yet of any firm plan to extend the right to remain to British citizens, however long they’ve lived in France. French...
27 Jul at 6 PM 2016

Buying real estate in Europe still the way to go

Whatever the final result of the Brexit negotiations, purchasing property in Spain and other European countries popular with British expats will still be possible. One fact that seems to have been forgotten in the post-Brexit chaos is that many non-EU member state nationals can and are still purchasing homes and holiday villas in EU countries. Even after the UK finally quits the EU, British buyers will still be able to live in EU countries, although there may be more stringent and expensive immigration and financial requirements....
25 Jul at 6 PM 2016

Does expat retirement live up to expectations

A new survey has asked the question most often ignored by polls involving expat retirees – how does the reality compare with your dreams? For most expats, dreams of retiring overseas conjure up visions of glorious weather, dramatic sunsets over warm oceans, fascinating cultures, great food and many new friends. Plus of course, a favourably cheap cost of living. However, a new survey has identified quality of life issues as one of the most important triggers for leaving one’s country of origin. The results of the poll make...