Expat Pension Transfer News

Latest 10 news items tagged Pension Transfer

29 Jun at 6 PM 2016

Romantic expats propose to counter Brexit effect

One certain strategy to avoid being caught up in disastrous Brexit side-effects is to get married very quickly to your chosen Spanish partner Brits in long-term partnership with Spanish nationals are queuing up to pop the question in order to ensure their rights to stay in Spain after the UK finally leaves the EU. ‘Marry me so that I can stay here’ isn’t the most romantic of proposals but, provided the answer is ‘Yes’, it’s the fastest and most sure way to secure a happy future in the sun. Google searches on the subject of...
29 Jun at 6 PM 2016

Brexit threats affect Brits at home and abroad

The full effects of Britain’s leaving the EU won’t be felt until two years of negotiation are done and dusted, but the reality is that the majority of changes won’t benefit either UK expats or UK residents. The 40 years’ norms of travel, passports, jobs overseas and in the UK, visas, immigration, free movement and more will all be turned on their heads once the UK finally withdraws from the EU. It’s only now that many British citizens who voted Leave due to immigration concerns are realising they’ve not been told the whole...
28 Jun at 6 PM 2016

Will Brexit kill the Spanish property market

Recent good news that the Spanish property market is finally escaping years in the doldrums has been overturned by Brexit and the slump in sterling. Although a glimmer of hope for long-term British expats on the Costas was given yesterday by the Spanish prime minister, the long-term projections as to Brexit’s effect on the property market, tourism in general and expats’ right to remain are far less than optimistic. Up until the referendum, foreign buyers, mostly from the UK, were queuing up to grab their own slice of Spanish sun,...
27 Jun at 6 PM 2016

UK expats in Thailand worried about Brexit reverberations

As the value of sterling shrinks due to the disastrous and unexpected result of the Brexit referendum, expats living in the southeast Asian retirement hub as well as visitors are expressing their concern. According to Thailand’s popular English language newspaper Bangkok Post, it’s not just British expats living, retiring and working in Thailand who are concerned about the effects of the Leave win. British tourists are also worried about the increased cost of holidays and the economic instability caused by the exchange rate. At...
24 Jun at 6 PM 2016

Anti Brexit online petition response crashes website

An online parliamentary petition set up by furious Remain voters has proved so popular that its site has crashed. The online petition calls for the UK government to implement a rule relating to the percentage of votes and turnout. It states that in the case of a turnout of less than 75 per cent with either Leave or Remain votes totalling less than 60 per cent, a second referendum should be triggered. Uploaded online this morning, the 'petition.parliament.uk' site was initially difficult to access due to the huge response from...
24 Jun at 6 PM 2016

Brit expats in Spain shock horror reaction to Brexit win, pound to euro exchange rate plummets

UK expats living and retiring in Spain are in a state of shock as their worst fears about Brexit are confirmed. Brits living the good life in Spain woke this morning to their worst nightmare – the decision of a majority of eligible referendum voters to leave the UK. Immediately, <a href="http://www.exchangerates.org.uk/news/15681/gbp-eur-pound-euro-exchange-rate-news-and-outlook-.html">the pound to euro exchange rate plummeted</a> and world stock markets braced themselves for a replay of the financial crash of...
23 Jun at 6 PM 2016

UK expat retirees backtracking as more young people leave

A recent survey has revealed an increase in younger people becoming expats whilst more retirees are returning to the UK due to financial woes. In 2015, more than 121,000 UK citizens left the UK and headed for expat destinations across the world, according to the Office for National Statistics. At the same time, a NatWest International survey indicated that almost half the total left to work overseas, and around 6 per cent left to study at overseas universities. Taking the two studies into account, it seems that expats are becoming...
17 Jun at 6 PM 2016

Tragic murder of MP Jo Cox puts hold on Brexit campaigning

Yesterday’s shocking news of the murder of Batley MP Jo Cox resulted in both the Remain and Leave camps suspending their campaigning until at least Saturday out of respect for the popular parliamentarian. As the appalling news broke that one of politics’ brightest young stars had been stabbed and shot to death outside her constituency centre in Birstall, Yorkshire, the entire nation reacted with horror and grief. Since then, condolences and tributes have been arriving from her constituents, her parliamentary colleagues, British...
16 Jun at 6 PM 2016

UK consumer watchdog claims FAs charging exorbitant fees for pension freedom

A report from Britain’s Citizens Advice Bureau is claiming that pension providers and financial firms are demanding up to 10 per cent from clients wishing to draw down from their retirement savings. According to the highly regarded consumer watchdog charity, not only are financial firms being greedy in setting up their charges, they are also failing to offer the best value products to suit clients’ needs. Charges levied by pension providers can be as high as 10 per cent of the amount taken in what is a relatively simple process....
14 Jun at 6 PM 2016

Brexit currency fluctuation scares dont work on expats in Cyprus

With the remain/leave debate accelerating by the hour, the latest attempt by the Remain campaign has been to focus on the falling value of post Brexit sterling. Whichever group is putting itself forward at any one point in time, one thing they both agree on is that the value of sterling will take a significant hit should the UK vote to leave the EU. Expats living across most of the 28 EU member states also realise this, and are able to work out the ramifications themselves. Let’s face it, they’ve been through enough exchange rate...