Expat Working Abroad News

Latest 10 news items tagged Working Abroad

9 Jan at 6 PM 2017

Expats and retirees paid in sterling feel exchange rate pinch

The shocking decline in the value of the pound sterling against major currencies is hitting UK expat pensioners as well as expats working overseas and being paid in sterling. The majority of UK expats are either retirees drawing pensions originating in the UK or professionals working on overseas contracts including sterling payments. Both groups are now being hard hit by the pound’s spectacular fall against a basket of major currencies. Overall, the currency has dropped 11 per cent over the last two years, but its fall post-Brexit...
21 Dec at 6 PM 2016

Expats overseas queuing to purchase UK buy to let properties

In spite of the UK government’s recent change in its tax policy for buy-to-let purchases, sales of British properties to overseas buyers have soared since Brexit. Since the sterling crash following the Brexit result, mortgage enquiries by non-British residents have soared by almost 50 percent, with the majority of the increase taking place in the fourth quarter of 2016. Opportunistic property investors living overseas are taking advantage of the discounts caused by the weaker exchange rate. UK property is now considerably...
30 Nov at 6 PM 2016

Survey shows Thailand losing popularity as an expat destination

Thailand’s overall position in the well-known HSBC Expat Insider survey has dropped in one year from seventh position to 18th, with its positions in several sub-sections of the poll dropping still further. Once a dream destination for expats, whether working or retiring, Thailand’s reputation now seems to be on the line as regards personal happiness, quality of life, travel and transport, friendliness, settling in and safety and security. The only categories still in positive territory seem to be leisure options and healthcare,...
24 Nov at 6 PM 2016

QROPS rules for British expats to tighten next year

New UK Chancellor Philip Hammond’s budget speech yesterday indicated the eligibility rules for the Qualified Recognised Overseas Pension Schemes are about to become tougher. British expats are being warned that Hammond’s budget includes a plan to tighten up on eligibility rules for QROPS, starting April 6 next year. The devil, apparently, is in the details of an add-on clause in Treasury documents presented yesterday to the British parliament by Hammond. Unsurprisingly, policy advice set up in Para 4.21 Page 38 of the...
18 Nov at 6 PM 2016

Survey slams London as worst world city for expats

A recent survey left London in the doldrums as the worst city in the world for expat life. Quality of life, personal happiness and personal safety were all scored low in the InterNations expat survey, with its overall rating a poor 27 out of 35 world cities. The shocking results included a rate of 24th for quality of life, 26th for leisure options, 18th for travel and transport, 24th for health and well-being, 24th for safety and security and a dismal 33 for personal happiness. The survey was taken before the announcement of the...
17 Nov at 6 PM 2016

Expat buy to let property investments soar since sterling fall

New research has shown a considerable increase in the number of British expats overseas investing in UK buy-to-let property. The surge is being attributed to the sterling crash following the Brexit vote. Skipton International, one of the few British financial institutions offering expat buy-to-let loans, has shown an 80 per cent increase in loan applications from UK expats working overseas. British nationals working in the Gulf States have been first in line to take advantage of the exchange rate, and are being followed by expats in a...
2 Nov at 6 PM 2016

Young Britons in EU countries feeling the Brexit chill

Endless articles on the plight of expat retirees in EU member states have now become the post-Brexit norm, but young Britons working in the EU are also in confusion. It’s not just elderly Brit expats whose lives are being turned upside down by the Brexit vote, it’s also the huge number of millennial expats who’ve chosen to live thier lives and begin their careers overseas. For young Britons, the EU’s freedom of movement is an option they’ve grown up with, and working overseas is seen as a great way to kick-start the rest of...
24 Oct at 6 PM 2016

Vietnam trebles its popularity with expats in just one year

According to a recent survey, Vietnam’s popularity as an expat-friendly destination has soared over the past year. In 2015, InterNation’s 64-country survey rated Vietnam in 35th place in its Working Abroad index. Amazingly, the 2016 result showed the Southeast Asian country in 12th place, a huge jump in just one year. In addition, all the major points in the index also improved considerably. Work-life balance, extremely important for expats working overseas in an unfamiliar culture, was rated in 2015 as completely satisfactory...
19 Oct at 6 PM 2016

Disillusioned Brits rush to become expats in Irish Republic

Spurred by the ubcertainty following the Brexit result, a huge number of disillusioned Britons are seeking to become expats working overseas. Ever since the result of the Brexit referendum was announced, online international recruitment sites have been deluged by huge numbers of British workers seeking a new life abroad. A recent analysis of the millions of search results is showing the Irish Republic as a favourite destination for those starting a new life and wishing to remain EU citizens by any possible means. Enquiries for...
12 Oct at 6 PM 2016

UK government finally announces details of expat lifetime right to vote

The British government has now seen fit to finally scrap the rule disenfranchising all UK expats who’ve lived abroad for more than 15 years. One of the most controversial issues highlighted by the Brexit referendum was the 15-year voting rule which disallowed hundreds of thousands of British expats in Europe from having a say in their own future. The scrapping of the despised rule has been on the agenda since the 2015 general election, but is only now being brought in despite claims it would be impossible to check all expat voters...