Expat Pension Transfer News
Latest 10 news items tagged Pension Transfer
20 Oct at 6 PM 2016
Everything in life, including food and shelter, needs to be paid for, but expats on a budget can still get quality of life in a number of European cities.
Every expat knows the ‘best things in life are free’, but the reasonable cost of living in your chosen destination isn’t as important as a friendly community. Given that, it’s possible to have both in at many European cities.
Berlin is becoming increasingly popular with expats for its cultural scene and thriving nightlife, with a beer costing around three euros and...
10 Oct at 6 PM 2016
The dramatic decline in the value of sterling is causing misery for a huge number of British expats living in EU member states and other world countries.
British retirees in Spain, France and Italy are not only facing an uncertain future as regards their rights to stay in their chosen countries, they’re also seeing their spending power eroded at an unprecedented rate. A majority of UK expats living in other EU states are the worst off, as they rely on UK state pensions
, private pensions
or company schemes, with the pound now...
7 Oct at 6 PM 2016
Expat campaigner Harry Shindler MBE has applauded the UK government’s now published ‘votes for life’ proposals.
95-year old Harry has been campaigning for 16 years against the controversial UK government ruling which disenfranchised hundreds of thousands of expats who’d lived overseas for 15 years or more. The World War 11 veteran has lived in Italy since 1982 and has never let up on his campaign, even presenting his case unsuccessfully to the European Court of Human Rights in 2009.
Harry’s case for scrapping the highly...
6 Oct at 6 PM 2016
Ailing pensioners in Germany are being dumped in Asian and Eastern European care homes and retirement villages in a push to cut spendin on spiralling heathcare costs.
A shocking report in an international newspaper highlights the plight of elderly and infirm German pensioners unable to afford high-cost private health insurance. The country’s heath care services for the elderly are equally unaffordable to those receiving a state pension
, leading to thousands being shipped off to facilties in foreign lands.
The German economy is...
6 Oct at 6 PM 2016
Four months after the devastating Brexit announcement, British expats in France are beginning to feel its effects.
A majority of Britishers living in France are either retirees on pensions
or owners of small businesses serving mainly the local expat community. The initial shock of sterling’s fall following the referendum result hit hardest on retirees living on just the UK state pension
. The currency’s partial recovery gave a brief respite, but Theresa May’s recent announcement that Article 50 will be triggered next March sent...
5 Oct at 6 PM 2016
Yesterday’s announcement by a Spanish minister that the UK should be forced to pay for expats’ post-Brexit heathcare is about to spark a bitter political wrangle between the two countries.
Madrid’s statement made it clear that Theresa May’s tough Brexit would result in hardship for expats at present residing in Spain. Of the 800,000 Brits living in Mediterranean costal resorts, well over half are elderly and chose Spain in order to make the most of their British state pensions
. Should the UK government refuse, self-funding of...
5 Oct at 6 PM 2016
Cambodia is now in the process of creating its first dedicated retirement visa for expat pensioners, but its lack of first-world heathcare may result in a diminished takeup of the new initiative.
Cambodia is attracting increasing amounts of interest from expat retirees, many of whom are considering transferring from neighbouring Thailand. The country’s government is eager to provide an easy ride for older expats and has announced a new retirement visa aimed at retirees with pensions
or adequate amounts in savings.
With its eye...
4 Oct at 6 PM 2016
In its first post-Brexit announcement concerning pensioners living in Spain, the country’s foreign minister told listeners at an Alicante event that the UK should pay its’ expats’ medical bills.
Spanish foreign minister Jose Manual Garcia-Margallo is quoted as saying one of the country’s post-Brexit goals is to force Britain to pay the medical bills of UK pensioners domiciled in Spain. He insisted the two countries need to agree that expat retirees are able to access local heathcare services, but the cost must be covered by...
3 Oct at 6 PM 2016
A UK government measure at present under consideration is likely to leave thousands of expat retirees vulnerable to pension
The UK is considering easing existing consumer protection laws relating to pension
transfers by both onshore and offshore residents. Government claims that changing the law as regards regulations will make it easier for expats wishing to transfer their pension
pots offshore aren’t taking into account the risks involved.
However, political awareness that any rule relaxation may leave offshore retirees...
29 Sep at 6 PM 2016
A victims’ group attempting to get redress for the LM Investment Management Ponzi scheme collapse is investigating the feasibility of legal action in the UK and other jurisdictions.
The LMIM scandal is perhaps this century’s most damaging example of investor fraud and is believed to have cost the 12,000 investors involved some A$750 million in losses. The investments were heavily pushed by mostly illegally working financial advisors in expat destinations including Hong Kong, Thailand and other Asian countries.