Expat Moving News

Latest 10 news items tagged Moving

11 Jul at 6 PM 2014

Expat medical problems made worse by language barriers

One of the major expat concerns is the adequacy of local health systems in the host country, particularly if emigration includes the children of the family. Moving abroad and settling into an unfamiliar country with a young family is a stressful experience at the best of times, made even more difficult when health problems occur. Even if comprehensive health insurance has been provided as part of a salary package, finding the right medical practitioner can be complicated by language issues. It’s easy to lose confidence in a...
30 Jun at 6 PM 2014

Most expensive and cheapest places to live in Europe

Cost of living considerations are one of the most important aspects of deciding on the perfect place to live outside your home country. Whether you’re moving overseas for work or retirement, balancing the cost of living in your chosen country with your financial status is essential, and doesn’t necessarily rest on average prices experienced whilst on holiday. In spite of the single European market place, everyday costs vary country to country and even between conurbations and rural regions. Most surveys focus on specific wealth...
27 Jun at 6 PM 2014

Expats urged not to lose sight of QROPS benefits

However confusingly expat IFAs describe QROPS, the original intent in 2006 was simple – to comply with EU rulings giving expat pensioners living permanently overseas easier access to their cash. No mystery there, but many pension savers seem to have lost touch with this basic truth. QROPS have nothing to do with tax avoidance, early access to funds or any other convoluted reason IFAs in expat destinations may dream up. QROPS also benefit overseas workers nearing retirement who have worked in the UK over time, thus building up...
27 Jun at 6 PM 2014

Are QROPS still the way forward in the new UK pension climate

Overdue adjustments to the rules concerning UK pensions have resulted in confusion over the long-term implications of proposed changes and their effects on expats. Whilst the added flexibility and options promised in the March budget speech offer positive results for holders of UK pensions, many expats are confused about its possible effects on QROPS. Since March the take-up of QROPS has soared by a third, depleting the total UK pension pot by millions and stoking fears of tighter regulation. At present, government think-tanks are...
25 Jun at 6 PM 2014

Expat cross border money transfers made easier

Every year, around 150,000 UK citizens move overseas to live and work, with most still keeping financial and familial links with the home country. Transferring money is a necessary evil for a majority of expats, whether it’s pension payments, mortgages on property at home or abroad or interest payments on UK or offshore investments. Between the relatively high costs of transfer and the threat of negative currency fluctuations, it’s one of the least favourite of all the practicalities of living overseas. Banks, alternative...
24 Jun at 6 PM 2014

Death benefit pension taxes in line for massive cut

A little-noted comment made by the British Chancellor in his March budget speech concerned the present unacceptably high rate of taxes on unused pension funds charged on the death of a saver. At present, families must pay a 55 per cent tax on the remnant of pension funds left after the saver has died. Following his concerns, George Osborne has now published a consultation paper and is requesting comments about a proposed shake-up resulting in a reduction in the tax percentage. Both on- and offshore pension companies are expecting...
11 Jun at 6 PM 2014

NZ immigration surge likely to cause soaring real estate prices

As the popularity of New Zealand as an expat destination soars, fears of increasing upward pressure on the country’s real estate prices are emerging. The recent excess of immigrants to New Zealand against the fast-falling number of migrants is putting pressure on the already-stressed Kiwi housing market, with professionals in the field expecting a further 12 per cent rise in house prices by the end of 2015. Net inflow of immigrants is expected to rise to 45,000 by December this year. A similar boom in net migration last year...
12 May at 6 PM 2014

A dozen reasons why choosing a QROPS investment is best for expat retirees

Surveys show that many expats working abroad, as well as those intending to retire overseas, are not considering all options as regards investing their pension pot. Now that annuities have been exposed as a poor deal and there’s no restriction on taking out your savings, moving your pension offshore via a QROPS is an important part of today’s retirement strategy. Standard UK pensions are restrictive as regards choice of investments, with QROPS offering far more funds, commodities and markets in more varied currencies than exist in...
8 May at 6 PM 2014

Strengthening sterling brings good news for expats overseas

Strong economic data during the first quarter of 2014 has sent the pound into an upward spiral, benefiting expats on fixed or frozen pensions as well as those looking to buy a home. Real estate in many favourite expat spots in the Eurozone is at its cheapest since well before the 2008 crash, and the strong pound is resulting in even better bargains on properties priced in euros. Savings on cash-in-hand property purchases can be considerable. Sterling is also at a four-year high against the US dollar, with one pound now buying $1.67...
5 May at 6 PM 2014

Soaring school fees and axed subsidies may start expat exodus from Kuwait

Apart from making expats feel unwanted and unappreciated, the slashing of subsidies on fuel, utilities and local products may spur a mass exodus from the emirate. The Kuwaiti government’s drafting of laws axing the valuable subsidies comes at a time when rental charges, property prices and international school fees are soaring. A recent survey revealed that 33 per cent of expat respondents believe that their compatriots will feel unwelcome, with 25 per cent believing an expat exodus will be the result of the law being passed. A...