Expat Usa News

Latest 10 news items tagged Usa

18 Apr at 6 PM 2014

New international health insurance gives expats freedom to roam

Hard on the heels of the possible withdrawal of overseas heath benefits for expats and travellers, a health insurance company has launched a cross-border medical insurance plan. A major medical insurance company is re-jigging its plans in order to give customers the freedom to cross borders without having to rearrange their health insurance or pay expensive globetrotter charges. Aviva is offering two plans, one of which excludes the Caribbean and the USA, whilst the other allows full world travel. According to the insurer, the new...
15 Apr at 6 PM 2014

Advice for expat confusion over living in Singapore

Given that Singapore is now the most expensive world city for expat living, a few useful pointers can ensure financial survival as well as having a great time. Most expats arrive in the booming city aiming to stay several years at most, and rush out to rent an apartment rather than buying straight away. Experienced expats consider renting is a waste of money and buying is sensible, as most arrivals love the Singapore lifestyle and stay far longer than they first intended as a result. Early application for permanent residency is...
11 Apr at 6 PM 2014

Expats in Spain take to Twitter with their frustrations

Expat life in Spain, believed to be one long succession of sand, sea, sangria and sex, is taking a hit on Twitter, with foreign residents venting their frustrations online for all to read. ‘Only in Spain’ moments are being tweeted in all their often hilarious glory, with the expat lifestyle laid bare as being somewhat short of paradise. One of the most mentioned moans is common to those living in new developments, where the walls are so thin that residents can hear their neighbours’ bathroom and bedroom habits. A common...
10 Apr at 6 PM 2014

Good news on tax for savers reversing annuity decisions

Following the shake-up of pensions announced in the UK’s 2014 budget speech, many thousands of savers who changed their minds about annuitising as a result have voiced their concerns about tax penalties. The good news that a number of product providers have extended their cooling- off periods, giving savers time to get professional advice, has now been followed by the even better news that Her Majesty’s Revenue and Customs will not demand tax penalties from those who have reversed thier decisions.The radical budget changes, due...
10 Apr at 6 PM 2014

Wealthy Brits overseas rushing to buy into booming UK housing market

International buyers, including wealthy UK expats living in the UAE, France and Switzerland are rushing to take advantage of Britain’s booming real estate market and weak sterling exchange rates. A survey by a British bank has revealed that the boom in house prices in London and the Home Counties combined with a weak pound has attracted attention from an increasing number of overseas buyers as well as high-earning expats. Over a third of those surveyed were planning to purchase UK buy-to-let properties during the next two years....
9 Apr at 6 PM 2014

UK government cracks down on expat second home owners

In a move aimed primarily at expats but sure to hit UK residents as well, the government has announced a crackdown on ‘flipping’ as a means of tax avoidance. Flipping, the practice of changing which of two properties is an owner’s main home in order to avoid capital gains tax on a sale, was notorious as part of the MPs expenses scandal. Certain MPs were discovered to have flipped between their constituency and London homes, thus slashing their liability for tax. The government’s plan, originally conceived to squeeze...
4 Apr at 6 PM 2014

Kuwaiti government curbs police expat deportation powers

The new laws enacted last year giving Kuwaiti police the power to deport expats for traffic offences are to be curbed by order of the government. Following Kuwaiti Labour Minister Thekra al Rasheed’s controversial announcement last spring that 10,000 expats were to be deported annually for 10 years, deportation by senior police officers of foreigners breaching minor traffic laws has soared. In addition, the offence of driving in the emirate without the almost impossible-to- obtain driving license has been used as an excuse for...
3 Apr at 6 PM 2014

Expats to lose out on new top up pension scheme

Over half a million UK state pensioners living in 150 world countries will get a worse deal than their UK-based counterparts if they buy into the government’s top-up pension plan. Those retiring before 6 April 2014 will be unable to take advantage of the higher state pension of £155 per week payable from April 2006. Instead, they will be able to buy up to an extra £25 per week by giving the government £890 for each £1 weekly increase. However, the 46 per cent of all expat pensioners living in countries where the state pension...
2 Apr at 6 PM 2014

UAE expats benefit from UK passport cost cuts but others may not

The news of a cut in passport renewal costs is good for UAE expats, but those living elsewhere may not be overjoyed. The 33 per cent cut in UK passport renewal costs is supposedly due to savings to be made on the cost of processing overseas. In future, all expat passport renewals will be dealt with in the UK. For UAE-based expats, it’s all good news, with many surprised that government fees are actually going down. Renewals are required every 10 years and, for most expats across the world, the renewal process is still...
1 Apr at 6 PM 2014

Singapore to stay expensive for expats but acceptable for citizens

Singapore’s strong currency is likely to continue putting pressure on expats living in the city, but inflation is expected to be manageable for its citizens. A study by the Asia Competitiveness Institute research centre has revealed that expat workers in the country are likely to find the cost of living a serious drain on their finances. However, average Singaporeans are expected to be able to manage price increases as long as the government monitors costs such as education, housing and healthcare. In 2012, Singapore was rated as...