Expat Working Abroad News
Latest 10 news items tagged Working Abroad
5 Mar at 6 PM 2014
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
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
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
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
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
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
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...
13 Nov at 6 PM 2013
According to a major investment bank, the traditional expat life for senior executives abroad is shrinking fast as assignment become shorter and perks are cut.
Investment experts at Coutts Asia and Middle East are having to deal with executive-level clients’ complicated tax planning as assignments diminish from decades to a few years and rewards are slashed. Shorter contracts are now the norm, with countries such as Singapore now preferring to employ domestic staff.
Expats working abroad
are increasingly unable to commit to a...
16 Oct at 6 PM 2013
Most children of expats working abroad
are sent to local international schools, but boarding schools in overseas location may have their advantages.
Wherever in the world you’re living, expat life gives you a unique chance of becoming a true global citizen, but deciding on the best education system for your children can be a strain. Many expat workers on shorter-term contracts in exotic locations prefer to send their youngsters to boarding schools in their home countries, especially if the location is less than safe or very remote...
11 Sep at 6 PM 2013
Expats planning on returning to the UK after a working stint overseas are falling foul of lenders who refuse to grant mortgages until they’ve been home for several years.
The mortgage companies’ stance is connected with the fact that expats who’ve been abroad for number of years no longer have a financial track record in the UK. It’s bad news for British citizens who’ve chosen to work abroad
in order to save a large enough deposit to enable them to climb onto the housing ladder.
Mortgage lenders invariably check...