Expat Pension Transfer News
Latest 10 news items tagged Pension Transfer
6 Dec at 6 PM 2019
British expats living overseas could see yet another sterling crash if a hung parliament is the result of the upcoming general election.
UK expats living on their state pensions
in Europe and other favourite retirement destinations are having a tough time since the pound fell against a basket of other currencies including the Euro, the US dollar and several Asian currencies such as the Thai baht. Any further devaluation of sterling could mean elderly expats are forced to choose between paying rentals, service bills and medical costs...
26 Nov at 6 PM 2019
Expats forced to leave Thailand are finding themselves caught in a property sale trap.
For an increasing number of expatriates in Thailand looking to leave for a less restrictive alternative or even returning to the home country, the property market slump is seriously bad timing. Many long-stay Western expat retirees who sold their homes and used the cash to buy a Thai condo or villa are now unable to keep up with immigration’s ever-increasing financial demands and are looking to sell or rent before giving up and trying somewhere...
25 Nov at 6 PM 2019
British expats expressed their anger and confusion over conflicting advice at a Costa del Sol Brexit event.
After more than three years’ lack of concrete information given to British expatriates living in Spain, British consulate staff were faced with confusion and anger at their latest attempt to clarify expats’ rights post-Brexit. In answer to a question about pension
rights, the recently-appointed UK ambassador Hugh Elliot gave one answer whilst British consul Charmaine Arbouin’s reply contradicted his comment.
22 Nov at 6 PM 2019
According to the UK’s financial regulator, very few retirement savers are smart enough to spot a financial scam.
In spite of numerous, regular warnings from the UK’s financial regulators as well as from other online sources, both British residents and expats are too slow to spot financial scammers. A recent report estimates that the majority of those approached either online or offline decide to follow the scammer’s advice within just 24 hours of receiving an offer.
The report doesn’t discriminate between British residents...
21 Nov at 6 PM 2019
Expats on basic UK state pensions
and living the simple life have been badly hurt by the slump in sterling, but their wealthier counterparts couldn’t be more pleased.
Put simply, wealthy expats living and working overseas are cashing in on lower-priced buy-to-let properties in the UK. For British estate agents, the fall in the pound is a dream come true as the numbers of non-resident landlords increases month by month. At this point in time, overseas landlords make up just over one in ten of property investors, a four per cent rise...
20 Nov at 6 PM 2019
UK house price increases are proving lifelines for Brits hoping to retire overseas.
For the hundreds of thousands of Brits who haven’t saved enough cash to fund a retirement far from Brexit Britain, soaring UK house prices may well be a lifeline. A recent survey by a leading insurance company has revealed just nine per cent of Brits over the age of 50 have amassed enough savings to see them through their retirement years, even if they choose a less expensive country in which to settle.
According to the survey, the average...
19 Nov at 6 PM 2019
Will Brexit finally wreck British dreams of a retirement in the sun?
By now, it’s common knowledge that the least important aspect of Brexit is the future for Britons who decided some years ago to leave the UK for a better, less pricey lifestyle. The loss of freedom of movement isn’t just bad news for holidaymakers and digital nomads, it’s mostly about the wrecking of dreams for hundreds of thousands of everyday British emigrants who made the choice based on their needs as retirement drew near.
Unless a miracle happens and...
18 Nov at 6 PM 2019
Nowadays, many small business owners in the West are taking early retirement and heading to warmer, less costly shores.
Once the initial novelty of a new country begins to wear off, many new retirees consider starting a new business in order to utilise their knowledge and experience as well as topping up their pensions
as a hedge against inflation. A small business enterprise can give new meaning to expat life, but only if the laws of the relevant country are fully understood.
The World Economic Forum’s newly released report on...
13 Nov at 6 PM 2019
Expats in Cambodia are in support of the government’s strict new property construction laws.
Following the disastrous collapse of a seven story building in Sihanoukville which caused 28 deaths and 26 injuries, Cambodia’s government has issued new rules for all constructions. Basically, should a faulty building cause death, injury or damage to an adjacent building by collapsing, developers will face fines, building license cancellations and suspension from any further construction projects. F
or unlicensed buildings already...
7 Nov at 6 PM 2019
Retirement savers are still taking cash from their pension
pots, but less has been taken out than in 2018.
It seems pensions
freedoms are still the name of the game for soon-to-be expat retirees, even although last year’s total withdrawals were slightly higher than this year’s to date. Official data revealed by HM Revenue and Customs shows some £30 billion sterling withdrawn since pension
freedoms were introduced in 2015, with more detailed data for 2019’s third quarter showing £2.4 billion taken in flexible drawdowns. The...