Expat Pension Transfer News
Latest 10 news items tagged Pension Transfer
17 May at 6 PM 2013
The recently announced change in UK pension
law disallowing married women’s pensions
is hitting hard on stay-at-home expat mums.
Married women who have lived overseas with their husbands and never worked will be hit hard by the proposed change in pension
law disallowing them from claiming a spousal pension
. The change in the law is being brought in to save paying expat spousal pensions
to foreign wives who have never worked or lived in the UK but is expected to hit hard on legitimate claimants.
The spousal benefit, known as the...
17 May at 6 PM 2013
As French lawmakers fight over the introduction of new tax laws affecting expats who have overseas investments or pensions
, potentially affected expats in the country are facing financial confusion.
The issue concerns the double tax ruling between France and Britain, with taxing UK expats on their pension
and investment earnings in the UK possibly illegal unless the expat has failed to already pay tax on money earned offshore. French lawmakers are analysing the double tax treaties between France, the UK and other countries but have so...
16 May at 6 PM 2013
Britain’s scam-buster agency is publicly warning expats living abroad to watch out for a money-transfer scam by organised crime gangs.
Action Fraud, an arm of the National Fraud Authority and the National Fraud Intelligence Bureau, warns that many expats are being approached via phone calls, emails or letter to participate in an innocent-seeming, straightforward money-making scheme. Advertisements in expat newspapers and online are also being used to trap the unwary.
The process is deceptively simple, with the expat receiving...
9 May at 6 PM 2013
Nonagenarian WWII veteran Harry Shindler has lost his European Court battle to have the 15-year limit on UK expat voting rights rescinded.
The 91-year old has lived in Italy since he retired from the British Army more than 30 years ago, but still has, he claims, strong ties to the UK. Angered by an archaic law disallowing expats who’ve lived overseas for more than 15 years from voting in UK elections, he took his fight to the European Court of Human Rights.
Mr Shindler is not alone in feeling that disenfranchisement after 15...
8 May at 6 PM 2013
As the frozen pension
debate hots up, government sources in the UK have hit on the reason why pension
payments to retirees living abroad are on the increase – Thai brides.
This stunning conclusion apparently came about due to the discovery that sexy Thai ladies on internet dating sites were luring unsuspecting Brits into marriage in order to get their hands on the UK Government’s ungenerous, but still frozen, £67 a week married woman’s retirement pension
. The government source was clearly not thrilled that these calculating...
7 May at 6 PM 2013
Rumours that gold bars are being removed from gold shops’ shelves until the price recovers have sent expats rushing to purchase jewellery and gold coins whilst the price is still low.
Expats working in the gold-purchase hotspot of the United Arab Emirates are queuing to buy gold coins and jewellery after the commodity’s price suffered the largest and fastest fall in 70 years. Gold bars are now hard to come by, with rumours suggesting the stores are removing them from the shelves until their value goes up again.
The rush to buy...
6 May at 6 PM 2013
The fight to agree a workable solution which unfreezes UK expat pensions
is hotting up, with the International Consortium of British Pensioners demanding an industry and government debate.
The ICBP now represents half a million pensioners living in countries where pensions
are frozen, and is demanding that the debate takes place before the introduction of the Single Tiered State Pension
Bill later this year. Campaigns to have the ‘frozen pension’ Clause 20 removed from the bill are scaling up, and a round-table event is scheduled...
12 Apr at 6 PM 2013
The European Commission is pressurising France to reverse its denial of healthcare to expat retirees in the country.
The ongoing row over health care for expat pensioners began in 2007, when the French government brought in new rules stating that EU member country retirees living in the country were only entitled to free healthcare after a residence period of more than five years or if they were over the official retirement age. The rules caused chaos for early and recently arrived retirees.
Those affected were forced to buy...
9 Apr at 6 PM 2013
The weakened state of the pound sterling has devastated many expats relying on their pensions
for their day-to-day living expenses.
Recent research has revealed that British pensioners living on their retirement pensions
in many overseas countries have seen their purchasing power drop by 50 per cent or more. Pensioners living in the Eurozone have endured falls of 22 per cent, with a sterling pension
of £5,000 worth some €7,300 in 2003 now worth just €5,692.
British retirees in Australia are the worst affected, with a 47 per...
3 Apr at 6 PM 2013
Expats living in Spain are being reminded that the end of April is the deadline for the declaration of any overseas assets, property or pensions
to the tax authorities.
The new rules were introduced as part of a wider anti-fraud scheme aimed at reducing tax evasion.All expats are required to report overseas assets totalling more than €50,000, including trusts, shares, annuities, rental income from property, overseas bank deposits, trusts, capital and equities.
The reportage is for the year 2012, and new assets or an increase in...