Expat Pension Transfer News

Latest 10 news items tagged Pension Transfer

25 May at 6 PM 2017

Expat retirees in France can expect a longer life

A recent study has confirmed the French are living longer than those in most other countries, making it the perfect destination for expat retirees. According to a French study of life expectancy across the world, French elder citizens are fortunate they were born there due to the fact that life expectancy is at one of the world’s highest levels and still increasing. For example, women’s average age is now approaching 90, and men aren’t far behind. The country has been attracting expat retirees for decades, and it now seems the...
24 May at 6 PM 2017

EU demands lifetime protection for all expats rights

The EU is demanding a lifetime guarantee of rights for all expats affected by Brexit. The demand was made as part of the EU’s negotiation directives, and is focused on the rights and status of all expat citizens and their families, both in the UK and in the 27 EU member states. Safeguarding those likely to be affected due to circumstances beyond their control is essential, according to the directive, due to the high numbers of expats involved and the seriousness of the consequences of the UK’s withdrawal. According to Louis...
24 May at 6 PM 2017

SEC probe hits international FA firm targeting UK expat pension pots

An international financial advice firm specialising in targeting British expats’ pension funds and investments is now being investigated by the USA Securities and Exchange Commission. The DeVere Group has long been active in retirement destinations favoured by expats from the UK, with its high fees and aggressive marketing tactics drawing complaints from retirees whose pension savings have been decimated. Already sanctioned in Hong Kong and Singapore, formerly listed in the Thailand SEC’s unauthorised FAs list and on Japan’s...
22 May at 6 PM 2017

British retirees in Spain face crisis over bad Brexit deal

An increasing number of elderly British retirees living along the Spanish coastline are already feeling the pinch and are terrified of a hard Brexit. For several decades, Spain’s Costa del Sol has been a favourite retirement hub for British state pensioners. Many chose the warm, inexpensive lifestyle over having to decide between heating and eating in the UK, but are now in crisis mode over the Brexit threat to their rights, pensions and healthcare. An article in a popular UK newspaper has revealed Brit retirees are already...
18 May at 6 PM 2017

How Brexit will affect finances for Brits overseas

With so much uncertainty as regards the Brexit effect on freedom to live and work in the EU, a shift of expat focus to the financial consequences of a hard deal can at least help with contingency plans. Basically, the major effect on expat finances is certain to be the fate of sterling once Brexit becomes an uncomfortable reality. If you’re planning to return to the UK, exchange rates will make no difference to your monthly state pension, but if you’re determined to stick it out in Europe by whatever means necessary or are...
11 May at 6 PM 2017

Foreign finances and FATCA for US expats

American expats are far moré likely to up sticks and move between various international destinations than other nationalities, but managing finances can be tricky, especially where taxation is concerned. The result of this constant sampling of new destinations can result in a variety of bank accounts in different countries and currencies, causing headaches when it’s time for the annual tax return. The introduction of the dreaded FATCA has made it even more difficult, as an unintended mistake can result in horrendous fines. However...
11 May at 6 PM 2017

Brexit trap stalks Brit expats in Europe

As the Europe-based clamour for fair treatment for EU expats in the UK accelerates, UK citizens at present living in EU member states are being left out in the cold. Analysts are saying the Brexit negotiations will result in disaster for Britons living in Europe, whilst EU expats in the UK are likely to get a far better deal. Last Monday, a group of long-term expat professional Britons who’ve made their homes in Germany met to discuss serious concerns regarding the lack of understanding of their plight by both the UK government and...
8 May at 6 PM 2017

EU negotiator blames Britain for expats predicament

The EU’s chief Brexit negotiator is blaming Britain’s hardline stance for the uncertainty surrounding the rights of millions of UK and EU expats. Former French minister Michel Barnier put the blame for the continued uncertainty facing both EU and UK expats squarely on the shoulders of the British government, adding that Brussels will demand lifetime citizens’ rights guarantees as a condition of the UK divorce settlement. Speaking at a conference in Florence, Barnier stated the true cause of uncertainty is the Brexit result...
8 May at 6 PM 2017

Avoiding expat property purchase pitfalls when moving overseas

Whether would-be expats are planning to invest in property as a retirement home, for buy to let or simply to benefit from rising prices, one thing’s for sure, purchasing overseas is a popular idea. No matter where in the world or for what reason property purchase is being considered, it’s essential to be aware of possible pitfalls as well as advantages. Taking advice from experts in the real estate and financial sectors is a start, but doing your own research both on and offline makes sure your eventual decision is the right one...
5 May at 6 PM 2017

UK tax reforms affecting expats put on hold until after election

Changes to the UK’s domicile laws about to take place have now been shelved until after the snap general election. The move to temporarily axe several clauses in the 2017 Finance Bill took place at the end of last month, by which time the new rules should have already been activated. Key clauses affecting British expatriates resident in Spain and other EU destinations were deleted from the 760-page bill, the longest Finance bill produced by any UK government. The domicile rules put on hold deal with income tax, capital gains tax and...