Expat Pension Transfer News

Latest 10 news items tagged Pension Transfer

20 Mar at 6 PM 2019

British government to pay one year’s expat health costs

In the event of a no-deal Brexit, the British government has agreed to pay certain health costs for retired expatriates for a one-year period. The healthcare costs for 180,000 British expat pensioners retiring in EU member states are to be paid by the UK government. Healthcare provision for conditions which began prior to exit day for up to a year will be covered, with the promise expected to cost around £500,000. According to the health minister, the scheme is being introduced to protect the most vulnerable, and is expected to come...
15 Mar at 6 PM 2019

Soaring London housing costs await reluctant Brit expat returnees

For British retirees reluctantly returning to the home country post-Brexit, the biggest shock may well be the price of London property. Although most EU member states have reassured their UK expat communities they’ll keep the majority of their rights, a significant number of Britons may well decide to give up and go home rather than face even the slightest hint of further uncertainty. However, for many former Londoners heading back to their home turf, affording to buy or even rent a property may be well out of reach, as the capital...
15 Mar at 6 PM 2019

Brit expatriates still fearful no-deal will prevent access to funds

As Britain’s parliament continues to demonstrate its appalling inefficiency amidst total chaos, fear and uncertainty still stalks British expat investors in Europe. Although the risk of a no-deal Brexit now seems to be up to European lawmakers, its impact on both British expats overseas and UK citizens in general is still a cause for extreme concern if not out-and-out panic, especially where financial matters are concerned. In spite of yesterday’s vote to reject no-deal, it’s still the default option if May’s despised...
13 Mar at 6 PM 2019

Cutting your expat retirement spend without wrecking your lifestyle

If you’re thinking of retiring overseas using your pension as your sole means of support, it’s wise to work out the best way to cut your spending once you’ve arrived. Understanding exactly where your monthly pension transfer goes is the first step in managing your money as an expat and even being able to save for the occasional treat. According to research in Europe and the USA, some 80 per cent of expat retirees’ monthly income is spent on food, clothing, housing, healthcare and transportation. Exact amounts depend on the...
11 Mar at 6 PM 2019

Expat couple in Spain arrested in gruesome multiple murder case

Spanish police are investigating an expat couple alleged to have murdered a number of lonely expatriate pensioners. An Andalusia-based German man and his German-Cuban wife have been arrested in connection with a number of unsolved deaths of elderly pensioners. During the arrest, a disabled Dutch pensioner and an elderly German man were discovered immobile in their beds, showing evidence of malnutrition and drugging using tranquilisers. The victims were attached to nasogastric feeding tubes, thus keeping them just alive. Police...
11 Mar at 6 PM 2019

Brit expats in Canada join fight against frozen pensions

Over half a million British state pensioners live overseas in countries where their pensions are frozen. Retired Britons living in Australia, Canada and New Zealand make up a considerable number of the half -million UK expats existing on frozen state pensions in spite of the fact they’d paid National Insurance contributions for all their working lives. Oddly enough, those living in the USA have annual upgrades, as do those living in EU member states – at least until the UK’s 29th March deadline for leaving the EU. Chair of...
6 Mar at 6 PM 2019

Spanish decree reassures Brit expats but caveat still cause for concern

Remain campaigners based in Spain are welcoming the Royal Decree protecting British expats’ rights. After more than two years of worry and fear, British expats living, working and owning SMES in Spain can now relax, secure in the knowledge they will be able to access the country’ s excellent healthcare options, their pensions and their unemployment benefits. According to Spain’s foreign minister, the aim of the decree is to ensure Britons and their families are protected from the effects of a hard Brexit, and for their lifestyles...
1 Mar at 6 PM 2019

Brit expats in Spain slam May for uncaring healthcare stance

British expats living in Spain are furious with Theresa May for her total lack of concern over post-Brexit healthcare. With just 29 days to go until the UK leaves the EU, British residents in Spain suffering chronic medical conditions are voicing their fears and disgust at the British PM’s attitude. With a no-deal Brexit still a strong possibility, May’s warning that British nationals may need to pay for their medications and treatment after March 29 has caused a storm of fury from those who may be affected. Although the...
1 Mar at 6 PM 2019

Spanish Royal Decree grants Brit expats free healthcare and social security benefits

A Spanish Royal Decree has just been issued, guaranteeing British expats’ continued healthcare access until the end of December 2020. If Theresa May was listening, she might well have heard a massive sigh of relief issuing from the ether hovering over Spain, as tens of thousands of British expats realised they would continue to be looked after healthwise for at least 22 months, even if the UK crashes out of the EU. The decree also allows British expatriates to continue their access to Spain’s social security network with its...
26 Feb at 6 PM 2019

Are US expats contributing to inequality in Latin America?

For decades, Latin America has been the favoured destination for millions of Americans looking for an enjoyable, inexpensive retirement or a hassle-free chance to start again. Encouraged by online lifestyle marketers such as International Living working hand in hand with real estate developers and investors, US citizens are looking for a ready-made expat community closed off to the realities of the country in which it’s situated. Usually, the main spur for emigration is the cost of living, with American expats able to live...