Expat Working Abroad News

Latest 10 news items tagged Working Abroad

25 Mar at 6 PM 2014

Expat tax breaks threatened by UK 2014 Budget announcement

Many of the five million UK citizens living and working overseas may not have heard last week’s Budget allowance that non-residents’ personal tax allowances are to be reviewed. At present, expats working overseas and pensioners with investments and state and private pensions are allowed an annual income of £10,000 before being taxed on sums above that amount. According to Chancellor George Osbourne in his budget speech, the allowances are to be examined and could be cancelled for non-resident expats living overseas who no longer...
25 Mar at 6 PM 2014

British international schools abroad overrun by local students

International schools across the world, started for the purpose of teaching expat children a British curriculum, are now being overrun by local students. A recent study has revealed that some 80 per cent of places in overseas international schools are being grabbed by wealthy local people for their children. Expat families living and working overseas are gradually losing out on the chance to standardise their kids’ education in preparation for their return to UK schooling. Increasing growth in the market is noted in the Middle...
13 Mar at 6 PM 2014

Homesick Spanish migrants looking to return one day

Many thousands of Spaniards are now expats in foreign lands, having left to find work during the years since the economic crisis kicked in, but most are hoping for a swift return to their beloved country. Results of a recent survey have shown that a massive 82 per cent of Spaniards working overseas since 2008 are planning to return home within at least the next five years. Less than one in five of those polled have decided to stay in their host country. The Hay’s Guide to the Labour Market survey has revealed a direct link...
5 Mar at 6 PM 2014

New UK spousal immigration rules tearing families apart

UK expats who met and married their partners whilst working overseas are having their lives torn apart by new financially-based spousal UK immigration rules. The minimum income requirement now mandatory for migrants from outside EU member states was introduced to limit the numbers entering Britain. However, the net result has been that UK citizens wishing to return home together with their foreign wives and families have only two options - get a well-paying job or leave them behind. One such expat, born in the UK and privately...
24 Feb at 6 PM 2014

Expat parents hit hard by soaring school fees

Most expat parents living and working overseas do their best to get their children an international education, but the soaring costs of private school fees are becoming hard to meet. A recent study by a leading expat bank has revealed that, however hard expat parents try to give their children the stability of a private school education, at least a third are being forced to consider removing them from their exclusive schools. Fees are believed to have risen by at least 25 per cent since 2009, and expat salary packages in general have...
14 Jan at 6 PM 2014

Expat oil and gas workers heading home in dramatic industry turnaround

Cross-border travel has been the norm for oil and gas workers looking for lucrative expat assignments overseas, but many are now returning to their home countries. Although high salaries and acceptable working conditions are still the norm in the worldwide industry, many Australian, American and Brazilian expats are giving up overseas work and heading home. Specialist recruiters say that visa restrictions are the main reason for the exodus. Now that oil and gas workers with on-the-job experience in overseas locations such as the...
21 Dec at 6 PM 2013

Brits returning from overseas to be hit by Eastern European benefit curbs

UK expats returning home after living or working overseas for three months or more are due to be hit by the same benefit restrictions as will apply to immigrants from Romania and Bulgaria. In a bid to dissuade Bulgarians and Romanians from coming to the UK for work and claiming benefits, the Department of Work and Pensions has introduced new, restrictive rules which will also apply to UK nationals returning from overseas posts or time abroad. The reruenting UK expats will be affected as the government is unable to discriminate between...
19 Dec at 6 PM 2013

UK capital gains tax changes may not affect London house price boom

Given that around five million Britons have chosen to live overseas and most keep an eye on the news from back home, how severe will the changes be for expat property investors? Expat investors living outside the UK have traditionally favoured buy-to-let property back home, both to have a home ready and waiting when it’s time to return, and as a way to beat the measly returns most banks are offering. The Chancellor’s confirmation during his Autumn Budget Statement that foreign investors will be liable for CGT didn’t come as much...
9 Dec at 6 PM 2013

Winners and losers on UK expat state pension new rules

The UK chancellor’s Autumn Budget Statement will bring a raft of changes for pensioners both home and abroad as well as affecting private pension investors. The state pension will be increased by £2.95 per week from April next year, but Britons retiring in European Economic Area states which are on average warmer in winter than the hottest UK region will no longer receive the winter fuel payment from April 2015. Those living in northern Spain, France and Italy are likely to be severely affected. In a nod to the already wealthy,...
20 Nov at 6 PM 2013

UK expats to be caught in wealthy foreigner tax raid

As part of his Autumn Budget Statement the UK Chancellor is expected to announce that overseas nationals and British expats will be charged capital gains tax on UK property sales. The tax raid due to be announced by George Osborne was revealed by Deputy PM Nick Clegg, and was originally aimed at wealthy foreign buyers of luxury London properties, a trend which has seen house prices rocket amid fears of a housing bubble. Thousands of expats who live abroad but have kept their UK homes are expected to be caught in the tax net should...