Expat Money News

Latest 10 news items tagged Money

20 Oct at 6 PM 2017

State pensions not enough for comfortable expat retirement

New research reveals state pensions worldwide don’t provide enough for a comfortable retirement in any country. A study by the Swiss bank UBS has made it crystal clear that relying on a state pension anywhere in the world makes no sense, as all pay the minimum amount necessary to cover basic expenses. The bank’s research identified a pension gap in all major world countries’ state pensions large enough to make even the necessities of life difficult to cover. The widest gap is found in Hong Kong, one of the world’s most...
19 Oct at 6 PM 2017

Baby Boomers still retiring overseas in droves

As the 21st century gets even more confusing, the Baby Boomer generation is heading off into the sunshine for a tropical retirement. Survey after survey is revealing the most important factor in the decision to emigrate is the wish to enjoy a lower cost of living in a warmer, more laid-back environment. The Baby Boomer generation still has its zest for life, and seems to be determined to live it as far away as possible from their countries of birth. Better weather is a must-have, as is a lively community which believes life begins at...
16 Oct at 6 PM 2017

Expats left with nothing after upscale Pattaya condo project goes bust

Over a hundred expat and Thai investors are still waiting for their money after the luxury Centara Grand Residence project was declared bankrupt. Basil Development Co’s advertorial for the high-rise condo development ensnared over 100 buyers by focusing on upscale living, resulting in all of them buying off-plan. Several months ago, all building work was stopped as the construction company’s massive debts emerged, with reports of over 911 million baht owing to suppliers. Court orders on behalf of the purchasers were issued, but...
13 Oct at 6 PM 2017

Expat dog rescue charity in Spain finds homes for abandoned pets

A group of female expats in Alhama de Granada are working hard to find new homes for abandoned dogs in their area. One shock for dog-loving expats is to find the citizens of their new country don’t exactly mirror the attachment Brits have for their furry family members. Caring for dogs as an important part of our lives is the norm in the UK, whereas in Europe and especially in Asia the issue can be controversial, to say the least. It’s not easy to ignore the fact that dogs’ lives aren’t considered important, that they can be...
13 Oct at 6 PM 2017

Expat contractors being targeting by UK taxman

British contractors living and working overseas are now under closer scrutiny by the UK’s HM Revenue and Customs department. UK expat contractors are now under scrutiny by the British taxman following the stepping up of its requests to foreign tax authorities for information. Data obtained through a Freedom of Information request from a firm dealing with contractor payrolls and accountancy shows that over one thousand requests to overseas tax authorities for information on expat UK taxpayers were made in 2016 by HMRC. The number is...
6 Oct at 6 PM 2017

Design and décor do’s and don’ts for a quick property sale

Selling your home is one of life’s most stressful experiences but, by making sure you’ve the most marketable chunk of real estate in the area, getting a higher than expected price makes it all worth while. For most of us, having our own home gives the chance to indulge our personal tastes by decorating and furnishing according to our own individual take on home décor. According to new research by the housing sector’s trade body, some aspects of décor and design considered desirable by individual home-owners might actually...
2 Oct at 6 PM 2017

UK banks discrimination against expat Britons is now illegal

UK expats living overseas will be happy to hear British banks’ discrimination against those wishing to retain or open accounts with high street banks is now against UK law. Over the past few years, British banks have been operating an almost total ban on non-resident, non-domiciled, UK expats wishing to open bank accounts in their home country. Worse still, the majority of high-street banks have been busily closing existing expat accounts, often with very little notice, thus causing huge problems for British citizens living...
30 Sep at 2 PM 2017

New expats in Dubai warned over rental property scam

New expats arriving in Dubai and searching for suitable accommodation are warned to watch out for rental scams. The process of finding a rental home in an unfamiliar city can be daunting for new arrivals, but there’s a good choice of agents in Dubai as well as a choice of online classified advertisements. However, as one unlucky expat family found to their loss, all is not what it may seem. One expat family who arrived in Dubai last March conducted an extensive search to find the right apartment at the right price in the most...
30 Sep at 12 PM 2017

Expats in Amsterdam blamed for problems and rising rents

<h2>New arrivals in Amsterdam blamed for affordable housing shortage</h2> Noise, rubbish and affordable housing shortages blamed on expats in Amsterdam An Amsterdam local radio station has hit hard on expats in the city, accusing them of of being the cause of rising rents as well as dropping piles of rubbish on the pavements and screaming in parks and gardens.Initially, Airbnb tourists were blamed, but the radio station is now focusing on the city’s large expat communitym saying expats have more money than locals and...
29 Sep at 6 PM 2017

Costa Blanca police arrest violent teenaged gang following a spate of burglaries

Police in the popular Spanish expat hub of the Costa Blanca are warning British expats to take care following a surge in violent robberies by street gangs. Costa Blanca police have arrested a gang of teenaged burglars targeting expats after a pensioner was badly beaten whilst confronting the intruders. The young robbers’ modus operandum was to wait until expats left their homes for an evening meal at a local restaurant before breaking in and stealing watches, jewelry, mobile phones and cash. Their last victim proved to be their...