Expat Pension Transfer News
Latest 10 news items tagged Pension Transfer
24 Jun at 6 PM 2019
Expats and British tourists in Spanish resorts are being warned over gang robberies.
Just as the tourism high season starts in popular Spanish resorts including Benidorm and the Majorca destination of Magaluf, gangs of robbers are spiking revellers’ drinks and stealing their belongings. Expats as well as tourists are at risk, with prostitutes and pickpockets arriving in Spain from Nigeria as part of organised gangs. The influx of criminal gangs at this time of year isn’t new, but this year’s report suggests more criminals than...
20 Jun at 6 PM 2019
Britons looking to retire overseas using their state pension
are forced to choose their destinations carefully.
Since the failure in government of a good number of attempts to deal with the scandal of frozen UK state pensions
in major retirement hubs worldwide, would-be British expatriate retirees are having to continue choosing their destinations carefully. For many, the decision to retire overseas on the state pension
is based on the ever-rising costs of staying in the home country, but those who take the chance of losing their...
17 Jun at 6 PM 2019
UK financiers are warning a victory for Boris Johnson will result in plunging sterling exchange rates and a massive loss in investor confidence.
Should the controversial candidate win his battle for leadership of the Conservative party and the PM job, a general election would follow no later than May 2002, with bookies predicting a landside triumph likely to wipe out the Labour party as well as its leader Jeremy Corbyn. Worse still, even before a general election could be called, Johnson’s promise to yank the UK out of the EU on 31...
13 Jun at 6 PM 2019
In spite of the seemingly unending official and unofficial warnings against dodgy IFAs, rogue financial advisers are now swarming around Cyprus’s expat community.
Most British expatriates living in Cyprus fall into two categories – retirees and small business owners. Both groups see the need to invest their pension
pots or capital in order to get a reasonable return whilst keeping the cash safe in case of emergencies. Sadly, a good number are financially naive, and are falling for every trick in the unregistered, unregulated...
11 Jun at 6 PM 2019
South Africa’s new tax laws are forcing expats to cut financial ties with the home country.
Reports that financial emigration has risen by 30 per cent in the past two years have confirmed the effect on high earning South African expats of the new tax rules about to be brought in. From March next year, South African expats working overseas will pay up to 45 per cent tax on annual earnings of over one million rand. The first announcements of the upcoming change started the financial exodus as South African expat professionals rushed...
7 Jun at 6 PM 2019
British expats in Spain will face the threat of further sterling devaluation should Boris Johnson become the UK’s next PM.
The possibility of the controversial politician’s triumph in the race to become Britain’s Prime Minister has raised alarms amongst Spain’s British expatriate community, with many already forced to tighten their belts due to the fall in the pound’s value since June 2016. In an advertorial poorly camouflaged as an article, the head of one of the UK’s financial groups well known for its often unwelcome...
4 Jun at 6 PM 2019
The new rules applying to sales of Malta-based QROPS investments are likely to negatively affect unscrupulous IFAs as they’re designed to enhance client protection.
Following a seemingly unending run of media reports identifying mis-selling and high commission-based scams by IFAs in expat retirement communities, it seems Malta is now biting the bullet and coming out in favour of consumer protection. Basically, the new rules impact a number of levels of the procedure by which Pension
Trustees administer both existing members and new...
30 May at 6 PM 2019
A recently released survey of Asian retirement destinations is bucking the current trend by placing Chiang Mai in its top ten choices.
The US-based survey takes into account medical care, the cost of living and the weather, ignoring the more important aspect of visas as well as transportation, the cost of housing and the likelihood of political instability. Noting that Chiang Mai has been a focus for expat retirees for several decades for its distinct culture, rich history and great weather, it fails to take into account that living a...
27 May at 6 PM 2019
The family of an elderly US expat in Thailand are being forced by immigration officials to relocate their Alzheimer-sufferer Mom to the Philippines.
Although reports on expatriate forums may be considered by many as fake news, this sad case is clearly another example of how expat life in the country is being made difficult by local immigration offices. The perfect solution for the 77-year old’s family and the old lady herself has been thrown into disarray by the recently-introduced changes to the so-called retirement visa...
21 May at 6 PM 2019
The UAE is proposing a non-Emirati retirement savings fund to run alongside the expatriate end-of-service gratuity scheme.
The UAE’s Federal Authority for Government Human Resources (FAHR) is in consultation over a new proposal to introduce a retirement fund based on savings for expat professionals living and working in the Emirates. The consultation is expected to decide on the best practice for the management of a pension
According to a spokesperson for FAHR, the move is expected to help both officials and employees plan...