Expat Moving News

Latest 10 news items tagged Moving

18 Sep at 6 PM 2014

Will UK politics interfere with pension freedoms after general election

Insurers and financial experts are holding meetings behind closed doors to discuss the possibility of a Labour win next May derailing last March’s budget changes to pension withdrawals. Most pension savers as well as expats have welcomed the new pension freedom measures allowing them to withdraw or transfer their savings without having to purchase an annuity. Many hailed the new legislations as a masterstroke, whilst on- and offshore providers of the unpopular, often mis-sold annuity products shivered in their corporate shoes....
16 Sep at 6 PM 2014

Survey shows vast majority of Brit expats happier overseas

It’s not just the combination of weather, lifestyle and lower cost of living that appeals to disenchanted Brits, it’s also that the majority of their expat neighbours are loving thier new lives as well.. Estimates reveal that at least 5.5 million UK expats have given up on their home country’s ever-worsening weather, soaring taxes and household bills, disintegrating environment and lack of career opportunities. Scattered across the world in a variety of countries, most have taken a step into the unknown and most, it seems, are...
25 Aug at 6 PM 2014

New online map charts British Curriculum schools across the world

A new, fully comprehensive map shwoing the location of schools offering the British Curriculum has been launched online and is aimed at helping expat parents world-wide to find the best international schools for their children. The British Curriculum is considered to be the prime educational system for UK expat children whose parents are or are planning to work in diverse overseas regions. It’s not offered at all international schools, but is essential for British youngsters who will be returning to the UK for further...
21 Aug at 6 PM 2014

UK expats encouraged to complain about treatment by UK banks

British citizens living overseas are being urged to complain to the Competition and Markets Authority (CMA) about unfair treatment by onshore UK banks. The controversy over the treatment of UK expats by onshore banks is ratcheting up after calls to report offenders to the UK authorities. A majority of expats working or retiring overseas have kept their former UK bank accounts to facilitate transfers of pensions and other payments to bank accounts in their countries of residence. Although UK state pensions are able to be paid into...
8 Aug at 6 PM 2014

Expat women in UAE learning to deal with employment challenges

Trailing spouses in the UAE are finding work and learning to adapt to a new style of professional challenge. Whilst taking an executive job in the UAE is the dream of many professional men looking to further their careers and secure their financial futures, for many of their wives the move can become a nightmare. Trailing spouses used to working for a living and forced to put a hold on their own careers are often left wondering why they came. Even with the compulsory trappings of life in the UAE such as a live-in maid, child care...
1 Aug at 6 PM 2014

Retired expats in Asia warned to monitor currency fluctuations

Expat pensioners living in Asian destinations are enjoying far better exchange rates than they were a year ago, but is the trend set to continue? Britain’s strengthening recovery, rumours that the Bank of England is close to raising the base rate after its six years in the doldrums, and the European Central Bank’s growth policy have uplifted pension payments in Asia. However, expat pensioners are more at risk should a downtown occur than any other expatriate sector. The 2008 financial crash and its resulting global recession...
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...