Expat Usa News

Latest 10 news items tagged Usa

24 Sep at 6 PM 2014

Missing expat Premium Bond prizewinners urged to claim their windfalls

Two British expats who’ve probably forgotten they’d bought Premium Bonds are sitting on a major windfall totalling £150,000. The UK’s Premium Bond scheme encouraged millions of post-war Britons to buy its shares at £1 each and take part in its monthly draws. Many savers won small or larger prizes over the years until the National Lottery and the later Euro lotteries began offering huge prizes not linked to savings. One of the two unclaimed prizes is due to a woman holding six bonds who emigrated to Australia and...
23 Sep at 6 PM 2014

Travel insurers refusing accident claims on alcohol grounds

A warning from the UK’s Financial Ombudsman Service (FOS)has accused travel insurers of turning down medical claims using a reference to alcohol in their small print. Expats who have private health insurance restricted to their country of residence and book travel insurance online for their overseas holidays are warned to read the small print before making payment. Warnings from the UK authority indicate that occasional or normal alcohol consumption is being used as an excuse to refuse a claim. Travel insurance policies exclude...
22 Sep at 6 PM 2014

Saudi banks to monitor expat account incomes in proportion to salaries

In a move designed to trace foreign workers with unofficial as well as officially permitted jobs, Saudi banks will now begin monitoring expat bank accounts for unexplained income. The move is aimed at expat workers in the kingdom who are receiving salaries for a permitted job and are also operating businesses on the side. It’s also expected that a crackdown on unofficial businesses will help stem the flow of overseas remittances leaving the country. According to Saudi’s Media and Banking Awareness Committee’s secretary...
18 Sep at 6 PM 2014

Singapore to introduce mandatory driving tests for expats

Singapore’s driving rules and regulations are due for an overhaul, with new laws due to take effect from June 2015. Mandatory driving tests will be introduced for all foreign workers whose job includes driving commercial vehicles, and the tests will be backed up by a basic theory exam. Employees holding work permits or the Singapore S-Pass will be subject to both tests, according to the Road Traffic Bill Amendment passed last week, with conversion of home country licenses no longer allowed. The new driving test rules will apply...
18 Sep at 6 PM 2014

Top ten world cities for the ultimate healthy expat lifestyle

Environmental concerns are creeping up the list of must-haves for a successful life overseas, but healthy places to live aren’t just found outside major world cities. A recent survey by CNN News identified no less than 10 world cities which offer a healthy lifestyle for migrants. Surprisingly, the giant metropolis of New York featured in the final list for its facilities and the healthy habits of most of its millions of residents. Given that clean air and water aren’t as pristine in world cities as in the countryside, several...
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...
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

Is private health insurance really necessary in Thailand

Most expats arriving in Thailand have been used to paying for private heathcare in their home countries, but is the expense of an international healthcare plan really necessary in Thailand? Due to its recent Westernisation, low cost of living and great weather, Thailand is an ever-popular destination for expats from Australia, the UK and the USA. As a result, heathcare, access to Western foodstuffs, Western-style restaurants and the latest in consumer comforts are easily accessed. Along with massive shopping malls and Thailand’s...
11 Sep at 6 PM 2014

Are expats missing out on value for money healthcare deals

Many would-be expats may be missing out on international value-for-money private heathcare insurance by simply signing a leaver option on their existing package when they retire. The majority of Western heathcare policies, including those which involve employer contributions, allow retirees to carry on with the same cover by simply signing a leaver option form. According to professional associations in the sector, those wishing to retire overseas may be missing out on cheaper but equally relevant deals. Shopping around is...
10 Sep at 6 PM 2014

House prices in Singapore slated to fall 20 per cent by 2016

A recently-published research report by Bank of America Merrill Lynch (BAML) suggests that the price of a home in Singapore is likely to fall by 20 per cent over the next two years. The bank believes that property loan curbs and economic restructuring will continue to drive down house prices until at least 2016, and overkill on population policies will encourage the dominance of the country’s ageing population over an influx of younger expat workers. At the same time, holding back on relaxing property measures may cause a negative...