Expat Switzerland News

Latest 10 news items tagged Switzerland

22 Feb at 6 PM 2019

HMRC chasing expats for back taxes due on disguised remuneration loans

The British taxman is now chasing expats for back taxes due because of a rule change on disguised remuneration loans. Almost 2,000 unhappy expats have now received income tax demands related to disguised remuneration loans taken out almost 20 years ago. Some 50,000 active cases are now being investigated, with expats being sent awareness letters by HMRC in an attempt to recover around £3.2 billion in unpaid taxes. The regulator has already agreed payments totalling £1 billion in unpaid income tax and national insurance contributions...
11 Feb at 6 PM 2019

Are QROPS still an option post-Brexit?

Retirement – what about a post-Brexit QROPS? The freedom to choose another country for your retirement years is a romantic notion, but it’s now become far more popular due to ease of travel and a wide choice of destinations to suit all pockets. The excitement of a whole new environment is hard to resist, especially as many Western countries are mired in political chaos and instability. Sadly, for would-be British expats, Brexit is almost certain to slash their options as regards choice of a new homeland, but it’s also providing...
30 Jan at 6 PM 2019

Shock horror for Brit expats as no-deal means no healthcare

A no-deal Brexit will rob British expats in EU countries of their rights to free healthcare. British expatriates living in EU member state, including France, Italy and Spain, will no longer be entitled to free heathcare in the event of a no-deal Brexit. The news is a major blow to retired British citizens living in popular destinations such as the Spanish Costas, France’s Provence region and Italy's Tuscany. It’s also bad news for the UK’s NHS, now struggling to cope after many of its EU citizen medical staff have opted to...
2 Jan at 6 PM 2019

Saudi Fund hires top talent but can’t keep it

The Saudi Arabian Crown Prince is being blamed for the departure of expat experts involved in the Saudi Fund. Crown Prince Mohammed bin Salman is relying on the kingdom’s sovereign investment fund to drive diversification of the economy as part of a wider strategy to reduce dependence on oil revenues. However, the flagship investment scheme has suffered recent setbacks due to the departure of Western expatriate executives. The British head of legalities for the fund, its Spanish private executive associate and its Swiss head of...
19 Dec at 6 PM 2018

UK now cheaper for expats due to Brexit effect on sterling

A recently released new survey has revealed the UK is now one of Europe’s cheapest countries for expat workers. Expat professionals living and working in London have seen a welcome drop in the capital’s cost of living due to Brexit, with the city dropping 81 places to 127th in the latest worldwide cost of living survey. Formerly one of the world’s most expensive destinations for expatriates, London is expected to drop still further in the rankings after 29 March next year. Visitors and incoming workers from Europe will now find...
1 Dec at 6 PM 2018

Brits expats still investing in buy-to-let

Brit expats working in Europe invest in London buy-to-lets whilst those working in the Middle East prefer North of England properties. Perhaps the aboveo is something of a generalisation, but the statistics come from a major UK buy-to-let mortgage lender dealing with British expat property investors across the world. Over the past few years, the buy-to-let boom has forced real estate prices higher across the UK and caused a price explosion in London and its suburbs, but it still shows no sign of slowing down. The survey breaks...
8 Nov at 6 PM 2018

World’s most unfriendly nations for expats

One important aspect when choosing an expat destination is undoubtedly the friendliness of the local people. Leaving friends and family in the home country and settling in an unfamiliar country with a confusing culture isn’t easy, and relies to some extent on the friendliness of new neighbours and work colleagues. Sadly, not all expat destinations offer friendship along with a new career and a generous salary, leaving gregarious expats and their spouses wondering whether they made the wrong choice. The latest Expat Insider...
1 Oct at 6 PM 2018

French study visas for expat students

France is one of the world’s most popular countries for international students. As many as 271,339 foreign students are now studying at French universities as well as enjoying their lives in France’s unique culture. Many have arrived from just across the English Channel, spurred by the thought of getting an internationally-accepted degree without having to tie themselves to decades of debt via the UK’s student loan programme. French universities are world-famous for their modernity as well as for encouraging innovation, and the...
1 Aug at 6 PM 2018

Is offshore banking the best expat strategy

In spite of rumours about tax avoidance, offshore banking gives a number of advantages for expat professionals. The vast majority of expat professionals working overseas are paid in their local currency, with many having financial liabilities such as mortgages in the home country. Most are planning to either move elsewhere for work or retirement or even return home at some stage in their professional lives. For those concerned about banking security and ease of transferring money in various currencies, offshore banks are the sensible...
25 Jul at 6 PM 2018

Is cow cuddling the answer to expat executive stress

Every expat who owns a pet knows cuddling a dog or cat is a stress reliever but, for those without furry best friends, what’s the best thing to do? In the ‘60s, tree hugging was widely recommended as a stress-buster, but finding a tree in today’s fashionable architectural wastelands could be tricky. However, for expats who’ve relocated to the Netherlands, there’s a way forward – cuddling a cow! Cow-cuddling is highly recommended by Dutch scientists as a way to relieve the stresses of the average workplace as it reduces...