Expat Pension Transfer News

Latest 10 news items tagged Pension Transfer

17 Jan at 6 PM 2019

Brit expats in Spain optimistic for second referendum

Following Tuesday’s shock parliamentary vote, British expats in Spain are hoping against hope for a second referendum. Spain is the all-time favourite for British expats fleeing the UK’s unreliable weather and its less than satisfactory quality of life for ordinary people, with those who’ve retired to the sun first in line for the devastation of a no-deal or hard Brexit. Predictions of the damage either option will do to the UK economy may or may not be accurate but would take some time to become apparent to the bulk of the...
16 Jan at 6 PM 2019

Spain pledges rights preservation for UK expats but no details given

Following on from a previous announcement, the Spanish government has now promised UK expats’ rights will be protected following a no-deal Brexit, but has given few details. The rights guarantee is conditional on the same deal for Spanish expats in the UK, but details of the proposed bilateral agreement with the UK haven’t yet been made clear. The total number of British expats living, working or retiring in Spain is estimated to total some 750,000, but could be far more as it’s believed a high number haven’t registered to...
10 Jan at 6 PM 2019

EU states queuing to ensure rights to remain for UK expat residents

Following on advice given by the European Commission to its member states, expats in a number of EU countries are now being assured of their rights to stay. The EC’s call for generosity towards British expatriates living, working and retiring in Europe in the case of a no-deal Brexit is being heeded by an increasing number of EU member states, allowing the vast majority of expats to sleep better at night. The irony surrounding the EC’s welcome intervention is that the Commission seems to care more about expat Britons’ welfare...
9 Jan at 6 PM 2019

UK expat pensioners in Europe still threatened by loss of pension uprate

UK expats in EU member countries are to have their state pensions uprated – but only for a year. Along with all the other negative effects of the Brexit disaster on British expatriates living in the EU, the continuing of the guaranteed annual inflation-proofing increase has been a serious cause for concern, especially for the newly-retired. The uprate is triggered by the higher of two indicators – wage growth and the rate of inflation. Should both be lower than 2.5 per cent, the same percentage uprate is guaranteed. ...
9 Jan at 6 PM 2019

Cold calling pension scammers now banned from operating in the UK

Cold-calling pension fraudsters in the UK are now banned from targeting vulnerable elderly pensioners. Would-be expat retirees with private or work-related pensions should now be protected from pension fraudsters by a new law. Pension scammers who cold-call vulnerable pensioners offering free pension reviews are now banned from operating in the UK and face fines of £500,000 should they continue. The clampdown is long overdue, and is expected to end the practice of cold-calling by unscrupulous so-called IFAs. As many as eight scams...
3 Jan at 6 PM 2019

May’s meaningful vote and possible alternatives affecting Brit expats in Cyprus

For British expats in Cyprus, Theresa May’s ‘meaningful vote’ will affect them almost as much as would a no-deal Brexit. The curse of Brexit is still reverberating across British expats’ favourite long-stay European havens, with the alternatives as clear as mud. Each possible outcome has its own specific nightmares for expat Brits, even if enlightened government do their best for their country’s expatriate community. Oddly enough, May’s winning the upcoming vote is perhaps the best available option for expats, with the...
31 Dec at 6 PM 2018

Are Brit expats in Spain better off than those who’ve repatriated?

Brexit has been described as a pantomime, but is no laughing matter for those caught in its net. The expat community in Spain is overwhelmingly British and mostly comprised of retirees who decided to abandon the UK for two good reasons – the weather and the cost of living including housing. It wasn’t an easy decision for the majority, as it meant leaving close family and friends as well as familiar surroundings and a well-loved home. Staying would have imposed negatives such as braving the winter cold whilst dreading the...
28 Dec at 6 PM 2018

The reality of forcing expats in Thailand to buy expensive private healthcare insurance

As the possibility of all expats in Thailand being forced to buy private health insurance or have their visas cancelled sinks in, one local online English language newspaper publishes its survey results. The long-stay expat community in Thailand is split between those working in Bangkok companies, those running their own small businesses in Thailand’s major cities and those who chose Thailand as the perfect retirement destination. Although there are no demographics showing the comparative numbers in each location, it’s fair to...
27 Dec at 6 PM 2018

Iberia at risk of losing domestic and European routes post Brexit

A no-deal Brexit could become a nightmare for domestic flights across Spain. In the event of the UK failing to ratify the Brexit withdrawal agreement, Spain could be left with no domestic flights. A no-deal break with the EU could leave the country’s national airline Iberia without an operating license for both flights within Spain and those to other European member states. The problem is that Iberia is British-owned by the London-based International Airline Group, (AIG), which also owns Vueling and British Airways. Unless emergency...
24 Dec at 6 PM 2018

Good news at Christmas for UK expats in Iceland

British expatriates living in Iceland can enjoy Christmas and have a happy New Year as their post-Brexit residency is guaranteed. According to UK Ambassador to Iceland Michael Nevin, the post-Brexit residential status of UK citizens in Iceland and their counterparts living in the UK is now secure. Covered by the agreement are some 17,000 UK citizens living in Iceland, Norway and Liechtenstein and the 15,000 nationals from the three countries now resident in the UK. The agreement will come into force at the end of December 2020 and...