Expat Pension Transfer News

Latest 10 news items tagged Pension Transfer

19 Nov at 6 PM 2018

Cuenca offers UK expat retirees everything at great prices

As popular European destinations become more expensive and less accessible due to Brexit, UK retirees are being urged to consider crossing the Atlantic and heading south! Whether it’s Brexit, diminished savings due to the financial crash or poorly-advised investments, an increasing number of British retirees are fearful their monthly pensions won’t cover their expenses in the UK or in Europe, especially should private healthcare insurance become mandatory. Dream retirements after a lifetime of work definitely shouldn’t include...
19 Nov at 6 PM 2018

Alicante-based UK expats attend consulate’s Brexit advisory meetup

Last week’s advisory meetup by the British consulate in Alicante saw some 350 British expatriates arriving at the Playa Flamenca town hall for updates on Brexit’s effect on their lives. The meeting, entitled Living in Spain and Brexit, was one in a series of events organised by the British consulate with the aim of keeping British expats in Spain informed about the current state of negotiations. In addition to British Consul Sarah-Jane Morris, neighbourhood support groups, charities and various experts were on hand to answer...
15 Nov at 6 PM 2018

UK expats urged to guard against volatile pound

As the Brexit scenario becomes even more confusing and unpredictable, UK expats overseas as well as sterling investors are being urged to take precautions against currency volatility. As the wrangling in the British parliament increases and calls for a second referendum grow louder, the pound sterling is weakening by the day. At the beginning of the week, the pound fell to $1.286 against the US currency and €1.12 against the euro. More falls are expected as it becomes obvious that Theresa May is unlikely to get lawmakers’ support...
12 Nov at 6 PM 2018

QROPS dilemma for UK expat retiree pensioners

Retiring in the sun is the dream of many older Britons, especially since the Brexit referendum. Expats past the age of retirement make up a sizeable percentage of British nationals living overseas, according to the Office for National Statistics. Portugal and Spain are major UK retirement hubs, with pensioners aged 65 and over accounting for 39 and 42 per cent of the total British expat population respectively in the two countries. In addition, 207,300 of the 784,900 UK-born nationals living in Europe are of retirement age or older....
9 Nov at 6 PM 2018

Is Thailand still a bargain basement retirement destination?

For several decades, Thailand has been touted as an affordable, enjoyable retirement destination, but how much has the country changed over the past few years? For retirees from Europe, the USA, the UK and Australia, Thailand has long been a favourite for its low cost of living, natural beauty, warm climate and friendly locals, but recent polls are suggesting it’s in decline as regards these essentials. Admittedly, the beaches are no longer as pristine as before due to overuse and lack of care, the famous street-side cuisine is...
2 Nov at 6 PM 2018

Gender pay gap leaves female expats short of retirement cash

Women planning for an expat retirement need to pay more attention to saving rather than spending. It’s a sad fact that, on average, women’s retirement savings are far less than the amounts squirreled away by men looking towards a comfortable life either in the home country or as an expat retiree overseas. Basically, the pension pot amassed by the average woman by the age of 65 totals around £35,800, whilst that of her male counterpart is at least five times larger. Taking into account the fact that women live far longer than...
31 Oct at 6 PM 2018

Spaniards join UK expats in concern over Brexit

As controversy over the prospect of a no-deal Brexit soars, Spanish businesses join with British expats in concern about its effects. Fears are mounting in the British expat community, the Spanish expat community in the UK and the Spanish business community about the likelihood of Britain crashing out of the European Union without a deal. Spain hosts around 19 million British tourists every year, and bilateral trade is also a major earner for Spanish businesses. Add to these factors the spends of a quarter of a million UK expats...
30 Oct at 6 PM 2018

Brit expat returnees priced out of UK housing market

Brit expats returning to the UK due to Brexit are being priced out of the UK real estate market. Although house prices are falling across the country, they’re still not low enough to be affordable for former British expats returning home due to Brexit uncertainty. Many who bought homes in their country of retirement will have found a quick sale impossible, leaving them short of cash and unable to get a UK mortgage. Many more will face the fact that, although they could live in a European country on the ungenerous British state...
30 Oct at 6 PM 2018

Is the Rock still at risk from Brexit?

Is the Gibraltar dilemma really sorted? Most expat residents on Gibraltar and the Spanish workers who travel across the border daily may be feeling more secure since the news broke about a Brexit deal, but are they celebrating too soon? It’s good that the move is in the positive direction, thus easing fears of a Spanish takeover, but the Rock is a still a small piece of the complicated jigsaw of the Brexit negotiations. The entire two years of talks have been conducted on the basis of ‘nothing is agreed until everything is...
26 Oct at 6 PM 2018

UK state pension amount wins no prizes in survey

If you’ve ever wondered whether the UK’s state pension is more or less than in other world countries, here’s the answer. Whether you’re drawing your UK state pension as an expat retiree living overseas or are considering emigrating in a bid to make ends meet in a cheaper country, the results of a recent pensions survey won’t exactly come as a surprise. The UK’s benefits system is reckoned to be one of the world’s best, but the UK state pension lets the side down hugely. Mercers’ 2018 global pension index states...