Expat Pension Transfer News

Latest 10 news items tagged Pension Transfer

23 Sep at 6 PM 2016

How to avoid expensive mistakes when buying Spanish property

For decades, Spain has been the top choice for British expats looking for second homes or retirement villas, but ‘look before you leap’ is still the best advice. Spain’s sunshine, friendly people, great food, fascinating history and culture and ready-made expat communities have been attracting the British since the early days of cheap flights. However, buying a Spanish property can be fraught with risks such as dodgy developers, unstable property prices and even off-plan purchases of condos which are never built. That said,...
22 Sep at 4 PM 2016

Totals of UK expat pensioners winter fuel payments slashed following crackdown

The recent crackdown on payment of winter fuel allowances to UK expat pensioners living overseas has resulted in the total cost of providing the benefit falling by two-thirds. The British government’s bill for winter fuel payments to pensioners living outside the UK has fallen dramatically since new rules for its entitlement were brought in. The winter of 2015/2016 saw just 42,015 pensioners resident in EU member states receiving the benefit, a striking contrast to the 2014/2015 payments to 137,845 expat retirees. Former work and...
20 Sep at 6 PM 2016

91 year old UK pensioner in Canada fights for pension indexing

One of the 150,000 British state pensioners living as expats in Canada is carrying on her fight to have frozen pensions outlawed. Anne Puckridge served her country during the Second World War, receiving two medals for her exceptional contribution to the war effort, but is now living on a knife edge due to the British government’s refusal to end the frozen pensions scandal. Now 91 years old, this feisty lady says she is now fighting a government which continues to disallow her cost of living increases. Decades of diplomatic...
19 Sep at 6 PM 2016

New Oz rules for pension cap to affect UK expats

A confirmed Australian government rule change has raised the lifetime pension contribution limits to $1.6 million, and is likely to complicate pension planning for UK expats. After scrapping a previous plan aimed at capping lifetime pension contributions at AU$500,000, the Australian government has done a u-turn and increased the cap to AU$1.6 million. Since the change, UK expats living in OZ can now transfer at an upper limit of £900,000 rather than the previous £280,000. Although the change initially sounds positive, the...
16 Sep at 6 PM 2016

UK expats wanting snow as well as sun should head for Canada

For UK would-be expats with post-Brexit worries about settling in EU states, Canada is the perfect answer, especially if snow as well as sun is a requirement. The vast expanses of Canada are no strangers to Britons, as the first UK citizens arrived in the 15th century and have been arriving ever since. Nowadays, ultra-modern cities nestle amongst some of the world’s most dramatic scenery, making the country the perfect place for those looking for an outdoor lifestyle year-round. Canada is a country of contrasts, with Vancouver...
14 Sep at 6 PM 2016

British expats in Spain say NO to Brexit

British expats in Spain are still reeling from the shock of the Brexit result, plus the fact they’ve been left in limbo ever since. The strength of feeling and resentment against the chaos resulting from the referendum result is ramping up in Spain’s expat communities as time passes and no reassurances as to their status are being given. The fall in the value of sterling caused by the Leave vote plus the almost total stagnation of the Spanish property market are forcing the British expat community to simply sit and wait for...
13 Sep at 6 PM 2016

Post Brexit expats may need residency visas to live in Europe

According to the Home Office, Britons planning to emigrate to European Union member states may well need long-term residency visas. European countries are favourite destinations for British citizens wishing to retire overseas, with the EU freedom of movement laws allowing easy access. The Brexit vote takes away freedom of movement, potentially wrecking the plans of many thousands of UK state pensioners searching for a lower cost of living and warmer weather. Once Britain leaves the EU, freedom of movement will become a thing of...
12 Sep at 6 PM 2016

UK Treasury launches lost pension tracking project for Brit expats overseas

The UK Treasury’s new online project will hopefully be a godsend for long-term Brit expats who’ve lost track of their various employer pension plans. It’s estimated that the average UK worker will rack up around 11 different jobs over his or her working life, several of which will involve pension plans maturing on retirement. The Treasury’s project, to be known as the Pensions Dashboard, will help retirees who’ve lost track of the various schemes to see them all on one webpage, and is expected to be of especial value to...
7 Sep at 6 PM 2016

Three Spanish teenagers arrested for starting Costa Blanca fires

Local reports of the arrest of three teenagers accused of starting the blazes have confirmed police reasonings that arson was the cause of the devastating Costa Blanca fires. After Sunday night’s evacuation of several thousand people including expat residents and tourists, police and firefighters became convinced the three separate blazes were the work of arsonists. Local sources have now confirmed the arrest of three 15-year old Spaniards, although no official announcement by the authorities has yet been made. Although the...
7 Sep at 6 PM 2016

US expats overseas may hold the key to locking out Trump

Eight million US expat voters living and working overseas may hold the key to locking Donald Trump out of the White House. The vast majority of US citizens living abroad are regular followers of the US political scene, especially in presidential election years. This time, with both candidates contentious, to say the least, it’s hoped that more US expats exercise their right to vote in order to make sure Republican candidate Donald Trump gets his marching orders. The millions of overseas US citizens have had the power to tip...