Expat Uk News

Latest 10 news items tagged Uk

22 Sep at 6 PM 2014

Expats in Thailand worried about long term stay prospects under junta

For decades, Thailand has been a favourite expat destination for Westerners due to its relaxed immigration rules, great weather and exotic culture, but the dream may be about to end. Traditionally, immigration laws were interpreted loosely, allowing long-term stays on short-term tourist visas for those not married to Thais or ineligible for retirement visas. Since the military took over the running of the country last May, long-forgotten rules have been brought out, dusted down and applied with rigorous intent by immigration police....
19 Sep at 6 PM 2014

Survey reveals most investors have problems with financial jargon

According to the UK government’s Money Advice Service, most investors and pension savers have difficulties understanding financial jargon. Almost 90 per cent of those surveyed admitted they didn’t read the small print before signing up to investments or funds. Worse still, the majority had no understanding of the acronyms used by financial advisors when selling an investment. Over the years, failure to grasp the real meaning of simple financial terminology has had devastating effects on many investors’ life savings, with...
19 Sep at 6 PM 2014

EU court rules against Spanish inheritance tax discrimination

Expats with properties in Spain and holiday home owners are to benefit by an EU court ruling allowing them the same range of tax relief options as Spanish citizens. Discrimination against non-residents as regards tax liabilities has long been an issue amongst UK expat property owners who spend time in both countries. By the use of tax relief options, residents’ taxes can be cut to around zero, but the same options have not been granted to part-time expat residents owning holiday homes. The European Court of Justice stated that...
18 Sep at 6 PM 2014

Expats in UAE shunning local banks for offshore accounts

A recent study has revealed that almost 50 per cent of expats working in the UAE prefer to put their savings in offshore bank accounts rather than in UAE banks. The survey, undertaken annually by an emirate-based financial comparison website, showed that 48 per cent of respondents were happier saving their spare cash in home country or offshore banks than in UAE banks. As a result, according to the authors of the survey, UAE banks are missing out on new business aimed at keeping expat residents’ savings in the emirates. Results...
18 Sep at 6 PM 2014

Will UK politics interfere with pension freedoms after general election

Insurers and financial experts are holding meetings behind closed doors to discuss the possibility of a Labour win next May derailing last March’s budget changes to pension withdrawals. Most pension savers as well as expats have welcomed the new pension freedom measures allowing them to withdraw or transfer their savings without having to purchase an annuity. Many hailed the new legislations as a masterstroke, whilst on- and offshore providers of the unpopular, often mis-sold annuity products shivered in their corporate shoes....
16 Sep at 6 PM 2014

US renounce citizenship fee soars as thousands leave to avoid FATCA

The fee payable to the State Department by US citizens wishing to renounce their citizenship has soared by over 400 per cent since the introduction of the FATCA reporting system. Originally just $450, the charge for renouncing US citizenship now stands at $2,350. State Department officials claim the new amount represents the actual cost of the procedure and are admitting that demand for the service is at an all-time high. In some regions, the US Consular waiting list for the required expatriation interview is now six months or...
16 Sep at 6 PM 2014

Survey shows vast majority of Brit expats happier overseas

It’s not just the combination of weather, lifestyle and lower cost of living that appeals to disenchanted Brits, it’s also that the majority of their expat neighbours are loving thier new lives as well.. Estimates reveal that at least 5.5 million UK expats have given up on their home country’s ever-worsening weather, soaring taxes and household bills, disintegrating environment and lack of career opportunities. Scattered across the world in a variety of countries, most have taken a step into the unknown and most, it seems, are...
15 Sep at 6 PM 2014

How to avoid losing your pension savings pot in Qatar

Many expats living and working in the Gulf States are becoming concerned about UK-based pension savings plans and pension transfers. Qatar is fast becoming the most popular of all the Gulf States for expats, with its capital Doha attracting a large number of foreign professionals due to its recent expansion and improvements. The oil and gas, education and construction sectors are booming right now, with international companies opening local offices and seeking qualified expat talent eager to earn more and enhance their career...
15 Sep at 6 PM 2014

Scots expats missing out on momentous independence vote

Scots living or working overseas can only watch from the sidelines as the crucial independence referendum threatens to change their home country for ever. Hundreds of thousands of expat Scots are forbidden from making their feelings known about potentially their home country's most momentous decision in several centuries. According to many, watching and holding strong views but unable to make them heard is agony. Confusion, frustration and even homesickness predominate in Scots living in England, Europe or even farther afield, all...
12 Sep at 6 PM 2014

UK pension reforms in a nutshell for retirement savers

The continuing fallout from the bombshell of the March 2014 Budget Speech pension reforms has confused many retirement savers as to their rights and the best way to plan for their future financial lives. A fact sheet recently issued by the UK Treasury department is aimed at clearing the fog surrounding the new rules, even although some detailed decisions have yet to be made by Westminster. Eight major points which every retirement saver should know are noted. Firstly, pensioners can do whatever they please with their pension pots,...