Expat Money News

Latest 10 news items tagged Money

20 May at 9 AM 2015

Expats in Africa have highest salaries but work longest hours

A global survey has revealed that expats in Africa earns more money than their counterparts elsewhere, bringing in an average of £160,000 per year. However, the downside to the high salaries received on the world’s poorest continent is that expats there are working longer hours than anywhere else, with four out of 10 nations on the longest working hours list being in Africa. Africa’s most populous country, Nigeria, is home to the most high-earning expats, largely due to the fact that it is the continent’s biggest oil producer...
6 May at 2 PM 2015

Finnish expats happy in Estonia

Most Finnish expats in neighbouring Estonia are enjoying life and would recommend theuir fellow countrymen to make the move, according to a recent online survey. Of the respondents, 59 per cent admitted that they would “definitely recommend” living in Estonia, while 37 per cent said they would consider it. Only two per cent said they wouldn’t recommend making the move. Around 300 Finns living in Estonia were surveyed out of a total of roughly 6,300 that have made the move, equating to approximately five per cent of the Finnish...
22 Apr at 4 PM 2015

Expat couple to star on Channel 5 documentary about demolition of Spanish villa

A British expat couple will appear on Channel 5’s Horror Homes to reveal all about how their dream villa in Spain was demolished. Len and Helen Prior, who were living in the Andalucian town of Vera, saw their villa bulldozed on January 2008 because of “planning irregularities”. Despite being in possession of the required documents which were signed by the local town hall, the Priors, from Berkshire, received a call informing them that their property was to be demolished. Five years on in 2013, Helen told reporters that the...
21 Apr at 6 PM 2015

Half of UAE’s expats thinking about relocating

The United Arab Emirates has long since been a major draw for expats because of the quality of life on offer for qualified individuals in particular, with perks such as tax-free salaries on offer. Such benefits have meant that expatriates could live and work in the Middle Eastern country, earn and save potentially vast amounts of money and enjoy the year-round hot weather, albeit conditions that can sometimes be unbearably hot. In fact, the country is home to so many expats that just 20 per cent of the population is made up by...
20 Apr at 6 PM 2015

British pensioners heading overseas after cashing in on reforms

With the new pension reforms in the UK, British retirees are cashing in and heading to pastures new in foreign lands. Among the main investments pensioners are making after withdrawing substantial sums of money from their savings are holiday homes abroad with, unsurprisingly, Spain being the most popular destination. Chancellor George Osborne introduced reforms earlier in April that enable people over the age of 55 to make unlimited withdrawals from their pensions. Although the majority of people in this bracket are not looking for...
11 Apr at 9 AM 2015

Frenchman arrested after British expat found in well

Police have arrested a frenchman on suspicion of murdering his British neighbour and then disposing of the body in a well in Normandy. The British expat originally from London has been named as David King, aged 70. He hadn’t been seen by anyone for the past six months. After he retired from his job as an engineer 15 years ago, he moved to the south west of Caen, to the charming hamlet of Pierres. It is thought that Mr King got into a fight about money with one of his friends, aged 28, on 27 October when he visited for...
8 Mar at 3 PM 2015

A third of migrant wives in Korea plan to return home

Thirty-five per cent of migrant wives from Southeast Asia and China living in South Korea have admitted that they eventually plan to return to their home countries. The Korean Women’s Development Institute surveyed a total of 534 migrant wives from China, Vietnam and the Philippines last year and found that 34.5 per cent said they had thought about returning home. Some 45 per cent of wives from the Philippines said that they had considered moving home – the highest proportion among the women. Around 33 per cent who have thought...
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...