Expat Pension Transfer News

Latest 10 news items tagged Pension Transfer

6 Sep at 6 PM 2019

Paywalls preventing Brits in Europe from accessing reliable news

How many UK expat retirees struggling with sinking sterling can’t now afford to follow responsible media outlets due to paywalls, leaving them reliant on the often fake news and biased opinion in the tabloid press? In these trying times, it’s essential for British expat retirees to keep a very close watch on the day-to-day political shenanigans threatening to end their chosen lifestyles in Europe. It’s not just the unprecedented shambles in parliament, nor even the looming reality of Brexit, it’s also related issues such as...
5 Sep at 6 PM 2019

Ongoing UK political chaos sparks fears amongst British pensioners in Europe

Even although British expats in Europe have now been promised uprated state pension for three years post-Brexit, the present political chaos suggests the good times won’t last. Around half a million UK pensioners in Europe are being informed about the three-year uprate by text message, with a good few thankful for crumbs from the government’s table but the remainder still concerned about the parlous state of sterling and the short term of the increase. Politico/financial experts also have their concerns about the duration of the...
3 Sep at 6 PM 2019

British expats suffering more every week from crashing pound

As the British parliament reassembles for the fight of its life, expats and holidaymakers get slight relief as sterling temporarily stabilises, albeit at a low rate. Ever since the so-called ‘election’ of Boris Johnson as the UK’s latest prime minister, the slide of the pound against the euro and a host of other currencies has continued amidst doom-laden projections of its final fate after a no-deal Brexit. It seems as if every time Johnson makes yet another upper class-accented statement, more British expatriates get less...
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,...
2 Sep at 6 PM 2019

Retired Brit expats in EU to get state pension upgrade of £200 for three years

Retired British expats living in EU member state are being promised an annual £200 pension increase for three years following a no-deal Brexit. In a move aimed at quashing scare tactics suggesting British expat pensioners in the EU would lose out after a no-deal Brexit, Work and Pensions Secretary Amber Rudd has guaranteed the increase for British retirees in the EU, including those in Cyprus, Spain, Portugal and France. The current British state pension is £168 a week, with the triple lock-based increase amounting to £16.66 a...
30 Aug at 6 PM 2019

Expat investor fraud is the new financial threat for Brits overseas

Both at home and overseas, British investors are still falling foul of financial scammers. Although the risk of so-called ‘pension liberation’ scams is now receding as government interventions kick in, the number of scams based on the value of investments is about to hit an all-time high. It seems government action as regards pension-linked fraud, including the cold-calling ban made law on January 9 plus a massive public awareness campaign, has finally taken effect. However and as always, fraudsters are one step ahead of...
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...
29 Aug at 6 PM 2019

UK expat Boris backers tell why they want a no deal Brexit

Whilst the majority of British expats in Spain grow ever more fearful of the effects of a no-deal Brexit, a determined few are actively backing Boris. It’s difficult to imagine why any long-stay expat retiree would consider a no-deal exit from the bloc is a good idea, but those who voted leave are maintaining their stance in the face of warnings from business leaders and financial experts who’re claiming economic disaster as a result. Even as the shrinking pound and cost of living increases make life less far comfortable for...
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...
27 Aug at 6 PM 2019

Is Thailand seeing an expat exodus to Vietnam?

For more than a decade, Thailand has been a favourite destination for Western expats looking to enjoy better weather than in the home country, a more laid-back lifestyle and a lower cost of living. For expat retirees in particular, Thailand was the top choice for many years, but a recent change in attitude by the military-run government and its immigration department has caused a good number to consider relocating to friendlier shores. Another reason for this decision is the combined effect of inflation and the overly strong baht on...