Expat Pension Transfer News

Latest 10 news items tagged Pension Transfer

18 Sep at 6 PM 2017

Post Brexit chaos threatens UK expats with private pensions

British expat retirees with private UK pensions are being warned their regular payments may be at risk post-Brexit. Chairperson of the parliamentary Treasury Committee Nicky Morgan is calling for immediate action over the risk to UK expat private pension holders that their regular payments may be blocked after Brexit takes effect. Morgan is attempting to draw attention to the possible problem by writing to the UK chancellor to ask whether the issue will be discussed during the next round of UK/EU negotiations. The problem is...
12 Sep at 6 PM 2017

Thai brides offered one day free government course in interracial marriage

The Thai Social Development Ministry is now offering Thai women a free one-day course in interracial marriage and moving overseas. Thailand is a favourite destination for romance and marriage between older Western expats and younger Thai women, but cultural differences are often ignored. According to the country’s Social Development Ministry, many see marrying a foreigner as the best way to enhance their economic statuses, but most don’t appreciate the rifts cultural differences can cause. The course is based on an understanding...
8 Sep at 6 PM 2017

US expats heading to Ecuador for retirement

As it becomes increasingly difficult to fund an enjoyable retirement in the USA on the average pension or social security payment, older would-be expats are looking to exotic yet affordable locations such as Ecuador. Many are finding they can enjoy luxuries as well as plan a comfortable budget for necessities, and there’s lots to see and do in this rapidly developing country. Ecuador is a small country set on South America’s northwest coast, with its citizens enjoying a relaxed pace of life unknown to almost anyone living in...
6 Sep at 6 PM 2017

Brit expats in Europe in no rush to repatriate

In spite of predictions of a mass exodus from Europe, expats living in European Union states seem to be in no hurry to up and leave. A report for the UK’s Office of National Statistics, (ONS), has stated the number of UK expat pensioners leaving the UK for sunnier climes is still rising despite the uncertainties caused by Brexit. In contrast, recent media reports suggest the exodus is going the other way, with increasing numbers of EU citizens working in the UK deciding to either repatriate or find suitable jobs in EU states....
4 Sep at 6 PM 2017

British high street banks still closing UK expats accounts

Over the past 18 months, UK expats living overseas have seen British banks clamping down on accounts held by expatriates. Traditionally, Britons who chose to emigrate to warmer and often cheaper climes were able to maintain their UK bank accounts in order to receive pensions and other regular payments. Nowadays it’s almost impossible for expats to either continue an existing account or open a new one, as British banks are now insisting their services are only available to customers domiciled in the UK. No major high street building...
1 Sep at 6 PM 2017

Expats EHIC healthcare agreed by EU and UK

Today’s good news is that, for expats living overseas on the date Britain leaves the EU, healthcare rights under the European Health Card scheme will be protected, as will those of EU citizens in the UK. The bad news is that the rest of the Brexit negotiations are proceeding at a snail's pace with, according to Davis, ‘some way to go’. His announcement was the first positive news available to Brits living in EU member states, and will be especially welcomed by UK state pensioners unable to afford private health insurance....
31 Aug at 6 PM 2017

Britons still rushing to buy European real estate

Although there’s still no certainty about UK expats’ rights post-Brexit, increasing numbers of disenchanted Brits are opting to leave now and take their chances in Europe. Rather than the expected post-referendum fall in the numbers of Brits moving to European Union member states, there’s a rush to emigrate before the UK leaves the EU. It’s a ‘it’s now or never’ moment, based on hopes that their new country of residence will take pity on its expats and allow them at least to stay where they are rather than being forced...
30 Aug at 6 PM 2017

UK expats in rural Spain afraid of losing their peaceful lives

Not all British expats in Spain choose the noisy, tourist-heavy Costa beach resorts, with more than a few living peaceful, rural lifestyles in small, mountainous towns. The small conurbation of Baza perches high on a plateau edging Spain’s Granada province and is home to a different style of British expats happy to live a rural lifestyle away from the crowds and noise of the Costas. The stunning mountainous setting, inexpensive property prices and genuine Spanish lifestyle have attracted a steady flow of incoming expatriates, many...
28 Aug at 6 PM 2017

Local UK authority dumps starving British expat pensioner on the streets

A British pensioner who returned from living in Spain has been found starving and homeless on the streets after being refused local council housing by Bournemouth Borough Council. David Sutcliffe, an 82 year-old British citizen, was picked up by local police after being spotted by a concerned member of the public who noticed he was severely malnourished and confused. Attending officers told the media the starving old man was found to be clutching a Bournemouth Borough Council letter informing him he had no entitlement to housing...
28 Aug at 6 PM 2017

UK expats say good weather is a first requirement

The first thing the majority of British would-be expats consider is the weather in the country of their choice. Over 60 per cent of British expats study weather reports in a variety of possible expat destinations before making their final choice. For good reason, the sun is a prime requirement for a satisfactory new life overseas after decades of making do with the downpours and dull skies of the so-called British summer. A recent Internations survey involving over 14,000 expats living across the world confirms the effect of climate...