Expat Moving News

Latest 10 news items tagged Moving

16 Oct at 6 PM 2019

What’s forcing expat professionals to leave Dubai?

Once every expat professional’s dream destination, Dubai is fading fast at more and more top talents up and leave. ‘Sunny, no taxes and a top quality of life’ was the mantra quoted by expatriates eager to find jobs in the fast-growing Middle Eastern tropical paradise. Salaries their rivals could only dream about kept the legend growing and the land of milk and honey was everyone’s favourite location until the slump in oil process happened and the push to replace expats with locals began. Nowadays, the emirates including...
2 Oct at 6 PM 2019

Expats in Spain now threatened by forest fires after biblical floods

As if biblical floods and the loss of homes and possessions weren't enough, expats and locals in Spain’s Costal del Sol region are now under threat from a raging forest fire. The blaze broke out in the hills overlooking the popular region, with homes evacuated whilst helicopters, fire trucks and firefighters attempted to contain the flames. As night fell, the helicopters were forced to give up and return to base, leaving firefighters to do their best and the fire still blazing. The main MA -8300 was cut off by the blaze between...
26 Sep at 6 PM 2019

USA expat exodus soars as local retirement costs escalate

More and more American citizens are deciding to retire overseas as stateside costs escalate. In the past 10 years, the numbers of American citizens moving overseas after retirement has increased by 40 per cent, with the trend expected to continue. It seems the Baby Boomer generation is now beginning to realise the massive amounts needing to be saved to ensure a comfortable stateside retirement are simply not possible on an average salary. US media outlets are beginning to describe the phenomenon as being fuelled by ‘American...
25 Sep at 6 PM 2019

How risky is entrusting your savings to an expat IFA?

Safety and security are essentially important for newly-arrived expats, especially where pension pots and savings are concerned. Moving overseas for either work or retirement is the dream of many Britons seriously fed up with their homeland’s politics and weather, but keeping hard-earned funds safe isn’t as easy as it seems. For workers and retirees in the UK looking to invest their savings, laws are in place which remove the majority of risks and regularly inform about the rest, but the same isn’t true for expats overseas....
16 Sep at 6 PM 2019

HRMC QROPS tax windfall transfer charge flops

The British taxman’s cunning scheme to grab millions of pounds from British retirees transferring their pensions to an overseas QROPS is now officially an almost complete failure. When the tax-grabbing scheme was first announced, HMRC gave an estimated windfall figure of around £125 million, raised from estimates of transfers in the 2017-18 and 2018-19 tax years. In reality, tax income from the scheme raised just £760,000 from 24 savers last year, and £1.4 million from the 30 transfers made in the previous year. The total numbers...
6 Sep at 6 PM 2019

Paywalls preventing Brits in Europe from accessing reliable news

How many UK expat retirees struggling with sinking sterling can’t now afford to follow responsible media outlets due to paywalls, leaving them reliant on the often fake news and biased opinion in the tabloid press? In these trying times, it’s essential for British expat retirees to keep a very close watch on the day-to-day political shenanigans threatening to end their chosen lifestyles in Europe. It’s not just the unprecedented shambles in parliament, nor even the looming reality of Brexit, it’s also related issues such as...
5 Sep at 6 PM 2019

Ongoing UK political chaos sparks fears amongst British pensioners in Europe

Even although British expats in Europe have now been promised uprated state pension for three years post-Brexit, the present political chaos suggests the good times won’t last. Around half a million UK pensioners in Europe are being informed about the three-year uprate by text message, with a good few thankful for crumbs from the government’s table but the remainder still concerned about the parlous state of sterling and the short term of the increase. Politico/financial experts also have their concerns about the duration of the...
29 Aug at 6 PM 2019

Treating unspent QROPs monies as part of your inheritance strategy

Expats are now asking the question they don’t want to think about - what happens to money in their QROPS when they die. Making a will is a necessity ignored by a high number of expat retirees, wherever in the world they’re located. Whist it’s not a subject expat retirees want to dwell on, it’s especially important to make sure money still in a QROPS goes to the intended person once its owner passes on, rather than to the home country's greedy taxman. It’s necessary to nominate the beneficiary by simply filling in the correct...
28 Aug at 6 PM 2019

Expat residents, tourists and locals in Spain hit by monstrous storms and a tornado

As massive thunderstorms and floods hit Spain’s favourite expat locations, Madrid residents are trapped in biblical-style floods. Worst hit was Arganda, a semi-rural district to the southeast of Madrid, with huge storms releasing torrents of rain turning the streets to rapids and washing away cars just a few minutes after the storm broke. The capital’s metro was badly affected with its lines 5 and 9 cut off, and parts of the M30 and M40 motorways are under water. The fast-moving hailstorm hit yesterday between 5.30 and 6pm, with...
27 Aug at 6 PM 2019

Is Thailand seeing an expat exodus to Vietnam?

For more than a decade, Thailand has been a favourite destination for Western expats looking to enjoy better weather than in the home country, a more laid-back lifestyle and a lower cost of living. For expat retirees in particular, Thailand was the top choice for many years, but a recent change in attitude by the military-run government and its immigration department has caused a good number to consider relocating to friendlier shores. Another reason for this decision is the combined effect of inflation and the overly strong baht on...