Expat Pension Transfer News

Latest 10 news items tagged Pension Transfer

2 Jul at 6 PM 2019

Expatriates in Spain have no problems with being called expats!

Online poll shows foreign nationals in Spain don’t take offence at being called expats! A popular English language media outlet serving British expatriates living in Spain has just released the results of its survey about the possibly offensive term. Fortunately, a large majority of respondents made it clear they didn’t take offence when called ‘expats’. The reason behind the survey was that a flood of emails were sent to the newspaper’s news desk, all complaining about its usage of the word and demanding foreign residents...
26 Jun at 6 PM 2019

Brit expats counting the pennies as sterling sinks

Whilst British expat retirees are counting the pennies, multinationals relocating staff to London are cashing in on the weak pound. By now, it’s a well-known fact that British retirees in popular EU retirement destination are having a hard time making ends meet due to the falling pound, but many don’t realise that companies sending expat staff to the UK are saving money for the same reason. In the 2018 annual surveys, London was the 19th most expensive world city for relocating expats, but this year’s rating for the capital is...
25 Jun at 6 PM 2019

Determining your preferred expat lifestyle before emigrating

For those looking to become expats, one of the first and most important issues is the cost of living in the chosen country. Nowadays, social media and the internet in general is crammed with articles aimed at would-be expatriates, with most if not all extolling the virtues of this, that or another country based on its cost of living. Few mention the fact that costs of living depend on just one thing – the desired lifestyle of those emigrating. The decision on how to live, not on how much will be needed to live like you’ve just won...
24 Jun at 6 PM 2019

Expats and tourists in Spanish reports targeted by criminal gangs

Expats and British tourists in Spanish resorts are being warned over gang robberies. Just as the tourism high season starts in popular Spanish resorts including Benidorm and the Majorca destination of Magaluf, gangs of robbers are spiking revellers’ drinks and stealing their belongings. Expats as well as tourists are at risk, with prostitutes and pickpockets arriving in Spain from Nigeria as part of organised gangs. The influx of criminal gangs at this time of year isn’t new, but this year’s report suggests more criminals than...
20 Jun at 6 PM 2019

Brit expat retirees advised to choose countries with UK state pension uprates

Britons looking to retire overseas using their state pension are forced to choose their destinations carefully. Since the failure in government of a good number of attempts to deal with the scandal of frozen UK state pensions in major retirement hubs worldwide, would-be British expatriate retirees are having to continue choosing their destinations carefully. For many, the decision to retire overseas on the state pension is based on the ever-rising costs of staying in the home country, but those who take the chance of losing their...
17 Jun at 6 PM 2019

British expats warned over Johnson PM effect on sterling and investments

UK financiers are warning a victory for Boris Johnson will result in plunging sterling exchange rates and a massive loss in investor confidence. Should the controversial candidate win his battle for leadership of the Conservative party and the PM job, a general election would follow no later than May 2002, with bookies predicting a landside triumph likely to wipe out the Labour party as well as its leader Jeremy Corbyn. Worse still, even before a general election could be called, Johnson’s promise to yank the UK out of the EU on 31...
13 Jun at 6 PM 2019

Rogue IFAs now illegally targeting British expats in Cyprus

In spite of the seemingly unending official and unofficial warnings against dodgy IFAs, rogue financial advisers are now swarming around Cyprus’s expat community. Most British expatriates living in Cyprus fall into two categories – retirees and small business owners. Both groups see the need to invest their pension pots or capital in order to get a reasonable return whilst keeping the cash safe in case of emergencies. Sadly, a good number are financially naive, and are falling for every trick in the unregistered, unregulated...
11 Jun at 6 PM 2019

New SA expat tax law sparks expat professional exodus

South Africa’s new tax laws are forcing expats to cut financial ties with the home country. Reports that financial emigration has risen by 30 per cent in the past two years have confirmed the effect on high earning South African expats of the new tax rules about to be brought in. From March next year, South African expats working overseas will pay up to 45 per cent tax on annual earnings of over one million rand. The first announcements of the upcoming change started the financial exodus as South African expat professionals rushed...
7 Jun at 6 PM 2019

Financial pundit deepens expat fears of a Johnson victory

British expats in Spain will face the threat of further sterling devaluation should Boris Johnson become the UK’s next PM. The possibility of the controversial politician’s triumph in the race to become Britain’s Prime Minister has raised alarms amongst Spain’s British expatriate community, with many already forced to tighten their belts due to the fall in the pound’s value since June 2016. In an advertorial poorly camouflaged as an article, the head of one of the UK’s financial groups well known for its often unwelcome...
4 Jun at 6 PM 2019

New Malta FSA rules to affect IFAs and protect investors

The new rules applying to sales of Malta-based QROPS investments are likely to negatively affect unscrupulous IFAs as they’re designed to enhance client protection. Following a seemingly unending run of media reports identifying mis-selling and high commission-based scams by IFAs in expat retirement communities, it seems Malta is now biting the bullet and coming out in favour of consumer protection. Basically, the new rules impact a number of levels of the procedure by which Pension Trustees administer both existing members and new...