Expat Money News

Latest 10 news items tagged Money

4 Sep at 6 PM 2019

Managing your expat spending habits after a salary increase

Expats are being advised not to let a salary increase turn into a financial disaster. For expats who don’t run a household budget linked to their salaries, an increase in wages can lead to a spending trap, especially if they’re living and working in luxury locations such as Dubai, Paris, Switzerland or New York. Salary increases are good news, but can turn a carefully planned budget into a debt crisis within a surprisingly short time. Known as ‘lifestyle creep’, the syndrome is easy to understand but difficult to reverse....
2 Sep at 6 PM 2019

British government gives £3 million to help UK expats in EU get residency

The British government is setting up a £3 million fund aimed at helping UK citizens living in the EU prepare for Brexit. The money will be distributed to voluntary organisations and charities and will be focused on those having problems filling out the necessary forms for residency. Those helped will include the disabled, pensioners, Britons living in remote areas and those who need assistance with translations. It’s not known how many of the estimated 1.3 million British expats living in the European Union will need assistance,...
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

To retire or keep working is the new expat dilemma

If you’re working in the UAE and hoping to retire there, planning your financial future is important. Expats in the emirates are facing a retirement crisis, according to investment professionals. The UAE makes no provision for expat pension schemes or social security, in spite of the fact that a good number of expat professionals would prefer to spend their retirement in a place they now call home. As with the vast majority of developed countries, life in the Gulf States isn’t cheap, with costs of living similar to those in...
26 Aug at 6 PM 2019

Resident expat reactions to Hong Kong’s continuing protests

Hong Kong’s massive expat community is diverse in age, nationality and the reasons why they came, but the vast majority have one thing in common – love for this unique island, its natural beauty and its vibrant energy. Often accused of living in a protected, luxurious bubble whilst ignoring the island’s local society and only thinking about the money they’re making, Hong Kong’s expats in reality are well-rounded and down to earth, realising it’s the indigenous population which makes the island so special. The expat...
23 Aug at 6 PM 2019

Sharia compliant loans open to expat buy-to-let applicants

As British banks cut back on expat buy-to-let mortgages, there’s one lesser-known way to secure a loan. As the number of British banks offering buy-to-let mortgages to British expats working overseas decline still further and those still in the market now cherry-picking applicants, getting a loan whilst still overseas is a tough task. With only one or two high street banks still serving this niche market, the few lenders still operating are tightening their requirements and restrictions, thus excluding all but a privileged few...
19 Aug at 6 PM 2019

Expat conservationist voices grave concerns over massive power line installation in Albujarras

Expats and local protestors are still fighting over a power company’s plans to erect 362 massive pylons in one of France’s most spectacular areas of natural beauty. A local expat newspaper was the first to alert conservationists and nature-lovers to the threat of damage to the precious environment as well as to the protected species in the region. The paper’s ‘Fight the Power’ campaign recently attracted the attention of a British conservationist to the risks to wild life, especially bird species, should the installation in...
13 Aug at 6 PM 2019

Expats in UAE considering online gaming as an alternative career

As the UAE jobs market shrinks due to nationalisation, expats wanting to stay in the region are considering online gaming as a full-time job. Esports are the latest fad as well as a potential money-maker due to the esports tournaments paying out as much as millions of dirhams in prize money to successful players. The industry is now flourishing in the Gulf States, attracting a growing number of events as a result. One organisor, YaLaEsports, has garnered a massive amount of funding from investors and now has 50 players taking part in...
8 Aug at 6 PM 2019

Massive Czech Republic tree-planting project welcomes expat participation

As the news about global warning gets worse, the Czech Republic is taking action. In an effort to stall the effects of global warming, the Czech Republic’s Ministry of the Environment is planning to plant 10 million trees with the help of private citizens, companies, schools, social organisations and expatriates living and working in the country. Experts believe the huge numbers of new trees will emit enough oxygen for some 30 million people and lower the ambient temperature by three degrees Celsius over 200,000 square kilometers....
7 Aug at 6 PM 2019

Expats in Denia fear shelter dogs will be killed if not rehomed within two months

Dog shelter volunteers fear takeover by for-profit company will result in mass euthanasia. A much-loved municipal dog shelter in Spain’s Denia City is about to be taken over by a commercial for-profit company with the agreement of the local municipality, sparking fears it will become simply a ‘kill station’ for rescued dogs. Its previous management APAD have worked tirelessly to rescue, care for and re-home the city’s strays, promoting animal rights and their zero euthanasia policy. According to the group and the vets who...