Expat Pension Transfer News

Latest 10 news items tagged Pension Transfer

19 Aug at 6 PM 2019

British expats in France advised on ensuring their rights to stay

As the likelihood of a no-deal Brexit creeps ever closer, British expats in France are being encouraged to prepare for the worst whilst hoping for the best. The citizens’ rights campaign group Remain in France Together has issued a checklist aimed at helping those likely to be affected make preparations against the wider implications of Britain’s crashing out of the EU without a deal of any kind. Firstly, in order to comply with France’s ‘no deal’ ordinance, you’ll nerd to be legally registered in the country, as owning...
8 Aug at 6 PM 2019

Early retirement for expats in Germany is only for the wealthy

Early retirement in Germany for citizens and long-stay expats is becoming more popular, but it’s only for the rich. For older expat professionals in Germany and workers in general, retiring early is a far-fetched dream only made possible by paying additional contributions to the state scheme. Those taking it up are increasing in number year on year, but it’s an expensive issue that’s almost unavailable to those on less than high salaries. According to the German government’s ministry for statutory pensions, voluntary pension...
6 Aug at 6 PM 2019

Are QROPS a good idea gone wrong?

In spite of scams, warnings and general confusion, expat websites are hopefully predicting QROPS’s popularity with expats is on the rise. One way and another QROPS seem to be a sensible way to reinvest your cash when retirement as an expat investor kicks in, even although several scandals have been uncovered and HMRC is still determined to take its cut. Official data covering 2018 has revealed some 5,000 expats went ahead with their plans to switch their funds from either their existing QROPS or a UK-based pension. The increase...
5 Aug at 6 PM 2019

UK DWP letting Brit expats in Cyprus down on required S1 certificates

British pensioners in Cyprus are jumping through hoops to re-register with the island’s new GESY health service. Until now, British recipients of the UK’s state pension were entitled by means of a reciprocal agreement to Cyprus NHS care. The new Cypriot General Healthcare System (GESY), is its replacement, but Britain’s Department of Work and Pensions is making the already complicated task far harder for many. For the majority of UK expats on the island, their local surgery will be willing to help with explaining the...
5 Aug at 6 PM 2019

Massive Costa Blanca investment fraud loses UK expat retirees some 25 million

In spite of endless warnings by authorities and online advice sites, pensioners in the Costa del Sol have lost millions to yet another investment scam. Continental Wealth Management, now defunct, was using the familiar technique of shovelling expat retirees’ life savings into high-risk investments paying massive commissions to dodgy IFAs operating from a high-end office in Denia. Hundreds of British pensioners in Spain, Portugal, Italy and France have now lost a total of up to £25 million, with little or no chance of getting any of...
30 Jul at 6 PM 2019

Will a no deal Brexit mean the end of UK state pension uprates for expats?

UK expat concerns are rising fast over the effect of a no-deal Brexit on their state pensions. The ‘triple lock’ annual increase in the British state pension paid to those living and retiring in the EU, the EEA and certain other countries is essential for long-stay expats, as it mitigates the worst effects of inflation. Up until the shock victory of Boris Johnson as the UK’s new prime minister, retirees living in countries which have an agreement with the UK were fairly confident the annual triple lock increase and the pension...
30 Jul at 6 PM 2019

Brit expat woes increase as sterling dives again

The battered pound is now causing genuine hardship for British expats living in Europe and across the world, with gloomy predictions of further falls in the event of a Johnson-engineered no deal Brexit. Over the past several years, the referendum itself, Brexit predictions and parliamentary chaos had already caused a drop in sterling versus the euro and other world currencies, but the selection of Boris Johnson as Britain’s prime minister has forced the currency to a two-year low due to his focus on a no deal Brexit. At this point...
30 Jul at 6 PM 2019

Costa warns Johnson over expat lawsuits for loss of rights damages

For those who thought the recent report on UK expats’ rights to sue the British government was fake news, perhaps it’s time to think again. A British MP has issued a warning to Boris Johnson that UK expats in Europe will be legally entitled to sue the British government should they lose their rights to live and work in Europe due to a no-deal Brexit. Senior Tory back-bencher and former government legal advisor Alberto Costa issued his warning to Johnson via a letter, having resigned from a government position earlier this year over...
24 Jul at 6 PM 2019

British expat pensioner widow in Spain killed and buried by farm hand

A British expat pensioner living on her Spanish estate and looking to move to Estepona has been brutally murdered, probably by her farm hand. Popular pensioner Lesley Pearson lost her husband in 2017 and was planning a move from her estate in Sierra de Cadiz de Algar to her property in Estepona as, after her husband’s death, she felt she needed to integrate into a larger expat community. As a result, she intended to sell her small country estate and its land. Tragically, she was found dead the day after she’d been reported as...
19 Jul at 6 PM 2019

Inflation in Europe stays low but currency exchange rates have expats worried

Expats living in Europe are seeing low cost of living increases. Expatriates living and working in the European Union are facing an average cost of living increase of 1.6 per cent in both May and June this year. According to the European Central Bank, it’s targeting an increase of just below two per cent, with European parliament members now saying they’re ready to support increasing inflation by means of raising interest rates. Those living in Romania have seen the highest inflation at 3.9 per cent, with Hungary coming in on...