Expat Money News

Latest 10 news items tagged Money

8 Nov at 6 PM 2019

Is China a long haul expat destination or just a stop on the road?

Most expats in China eventually face deciding whether they want to leave or stay. It has to be said that China is a unique world destination for expat professionals, whatever their expertise, but the vast majority aren’t in it for the long haul. However fascinating and challenging the stay in this unique country is, sooner rather than later it’s time to consider whether leaving isn’t a better option. For the majority, the factors which need considering are many, with the first usually connected to financial goals. Following...
8 Nov at 6 PM 2019

Expats sending money home to be hit by Kuwaiti tax on remittances

Newly promoted expats’ enemy Safa al Hashem hits out again at expat remittances. Al Hashem, now the head of Kuwait’s National Assembly Financial and Economic Affairs committee, hit out yet again at expats living and working in the emirate by calling for government support on a draft bill imposing taxes on money sent back to the home country by expatriates. Lawmakers are expected to push the bill though its approval stage, giving more chance for it to be voted into Kuwaiti law. T he controversial bill was first introduced by al...
5 Nov at 6 PM 2019

Retirement savers insisting on managing their own money via pension freedoms

Many UK retirement savers are now insisting on managing their own money. Arguments are now ongoing between pension regulators, financial advisors, pension providers and savers themselves as to the ifs and buts about transferring to a defined contribution scheme from a defined benefit pension, with savers wanting more control over their own money and the timing of their retirements. The major reason why pension savers wish to transfer is the pension freedom legislation which allows cash drawdowns from the age of 55. Defined benefit...
4 Nov at 6 PM 2019

Real estate scammer caught targeting new expat arrivals in Amsterdam

New expat arrivals in the Netherlands are being warned to check out the credentials of real estate agents when searching for accommodation. The warning comes as one scam artist is remanded in custody on charges of ripping off 13 victims for a total sum of around €100,000 in order to finance his gambling addiction debts. In a procedural court hearing held last Wednesday, the fraudster admitted he’d scammed some 42 people by means of deposits and pre-payments for rental accommodation not actually for rent. No-one suspected his...
25 Oct at 6 PM 2019

Kuwait debates increased medical insurance fees for expats

If expatriates still need convincing that, whatever the excuse given, the global-wide rush towards compulsory private health insurance isn’t all about the money, this should bring enlightenment! Two days ago, Kuwait’s Ministry of Health announced the collection of some KD25.2 million of charges for expat health insurance over the first six months of the current year. The money came from both online and offline health insurance sites, with last year’s expat health insurance charge figures raking in KD 109.2 million. According to a...
24 Oct at 6 PM 2019

Expats urged to guard against fraudulent text messages

In this internet age, texting is a big part of most peoples’ daily lives, whether they’re living in their country of birth or overseas as an expat. There’s no doubt that texts are an aid to businesses as well as for those keeping in touch with their friends and families at home and away. Unfortunately, not all texts messages are what they seem, as they’re also a convenient tool for fraudsters looking to part the unwary from their money. One absolute favourite is a text seemingly from the UK’s HM Revenue and Customs informing...
22 Oct at 6 PM 2019

Wealthy Hong Kong expats looking to emigrate to Oz

In spite of reports suggesting expat bankers in Hong Kong are in it for the long-haul, realtors are seeing a rush to invest in Australian property. Both expat professionals and Hong Kong’s wealthy elite are now hedging their bets on the outcome of the seemingly endless weekend protests. Although it seems no-one actually wants to leave, those with enough folding money are quietly investing in Australian property as a hedge against a full Chinese military takeover of one of the world’s most important financial hubs. From expat...
18 Oct at 6 PM 2019

Expat volunteers can see the world whilst protecting its species and peoples

For the majority of would-be expats heading overseas to start a new life, it’s all about the money and prestige a successful relocation can bring. However, not every purchaser if an airline ticket to a foreign land has this motivation, as increasing numbers of talented volunteers are taking time off to use their skills to benefit humanity and the planet itself. Materialistic rewards don’t come into the decision, and volunteers often save for several years to realise their dreams of being useful and supportive to the causes...
3 Oct at 6 PM 2019

Is expat suicide becoming endemic in Thailand?

Thailand is seeing an inexplicable increase in expat suicides. For several decades, the chaos on Thailand’s roads and the resultant expat deaths made headlines in both the Thai and English language media. Nowadays, although road accidents are still worth a mention on and offline, a new, inexplicable cause of death for expat males seems to be suicide, even in cases where it’s not obvious. A quick trawl of last month’s online English news websites and a few forums reveals five such possibly self-inflicted deaths over the past...
3 Oct at 6 PM 2019

Thomas Cook bankruptcy spells disaster for expat-owned businesses in Spain

The sudden collapse of Thomas Cook is now threatening British-owned businesses in Majorca with a similar fate. The popular holiday island’s beaches are now bereft of happy holidaymakers, with tourism-oriented British businesses suffering a devastating downturn in trade. The massive repatriation which took place after the firm’s voluntary liquidation has destroyed the resort island’s reputation as a cheap and cheerful holiday destination as well as dealing a huge blow to local businesses. British bar and restaurant owners are...