Expat South Africa News

Latest 10 news items tagged South Africa

15 Mar at 6 PM 2019

Alicante now cheapest rental destination for would-be British expats

Alicante is now a favourite for British retirees due to its cheap rentals. As the value of sterling staggers due to Brexit uncertainty, finding a cheap rental apartment in Spain is a priority for many British expat retirees. A recent survey by a local appraisal company could well help with decision-making, as it’s identified the five Spanish retirement destinations with the cheapest rentals. Alicante is the best known, already popular with British expats, and Huelva, Elche, Almeria and Castellon de la Plana are also mentioned as...
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...
8 Mar at 6 PM 2019

South African high-salary expats furious over proposed new tax law

In spite of its condemnation by several panels of experts, the South African government is determined to go ahead with its controversial new expat tax laws. As the rules stand today, South African nationals working overseas for over 183 days – 60 of which must be consecutive – ar exempted from paying home country taxes on their earnings. Once the new amendment are enacted, South African expat professionals in high-salaried positions overseas must pay home country taxes of up to 45 per cent of their earnings once they exceed 1...
1 Mar at 6 PM 2019

Hong Kong crashes in survey of best Asian cites for Asian expats

All that glitters is no longer gold as Asian expats query Hong Kong liveability Once every expat’s favourite destination due to its fascinating culture, unique history and stunning lifestyle, Hong Kong is now losing its shine, especially with Asian expats. To be fair to the former British colony, a proportion of the disenchantment is being based on the effects of last year’s devastating Typhoon Mangkhut, the most powerful storm to hit the archipelago since records began. Although no-one was killed during the chaos, damage to...
22 Feb at 6 PM 2019

HMRC chasing expats for back taxes due on disguised remuneration loans

The British taxman is now chasing expats for back taxes due because of a rule change on disguised remuneration loans. Almost 2,000 unhappy expats have now received income tax demands related to disguised remuneration loans taken out almost 20 years ago. Some 50,000 active cases are now being investigated, with expats being sent awareness letters by HMRC in an attempt to recover around £3.2 billion in unpaid taxes. The regulator has already agreed payments totalling £1 billion in unpaid income tax and national insurance contributions...
18 Feb at 6 PM 2019

Popular FLYbmi carrier now under administration due to Brexit

The low-cost airline, popular with British expats as well as holidaymakers, was apparently taking bookings right up until its bankruptcy announcement became public. Based in the Midlands, the carrier operated over 600 scheduled flights to European destinations including France and Spain, and employs some 450 staff. A spokesperson told the media the decision to go into administration was made due to the rising cost of fuel and the imposition of carbon taxes caused by the EU’s decision to exclude UK-based airlines from its Emissions...
11 Feb at 6 PM 2019

Are QROPS still an option post-Brexit?

Retirement – what about a post-Brexit QROPS? The freedom to choose another country for your retirement years is a romantic notion, but it’s now become far more popular due to ease of travel and a wide choice of destinations to suit all pockets. The excitement of a whole new environment is hard to resist, especially as many Western countries are mired in political chaos and instability. Sadly, for would-be British expats, Brexit is almost certain to slash their options as regards choice of a new homeland, but it’s also providing...
8 Feb at 6 PM 2019

Venezuelan sex traffickers targeting Brit expats in southern Spain

People-trafficking mafias in Venezuela are targeting the sexual services market in southern Spain, aiming their activities at expats and tourists. Articles in the British press are claiming prostitution arrest statistics are soaring, quoting an astonishing 12,000 per cent increase in victim numbers over the past four years. The modus operandum of the sex traffickers is straightforward, simply involving flying prostitutes from Venezuela to popular expat and tourist destinations and putting them to work. Alicante is a favourite hotspot...
6 Feb at 6 PM 2019

British expats across Europe now claiming foreign citizenship and a second passport

Even before Brexit becomes a reality, many thousands of British citizens have voted with their feet by applying for European citizenship. One major reason for expatriating is that the UK just doesn’t feel like home any more, according to those who can’t wait to leave or have already left. Those with Irish grandparents are the luckiest, with 200,000 Brits claiming to be descendents of Irish citizens stating their relationships on their passport applications in 2018. The mass exodus includes those whose families were originally from...
4 Feb at 6 PM 2019

British expats’ anger and fear escalating as time runs out

Spain’s 300,000 British expatriates are still living in anger, fear and desperation just weeks before Brexit day. During the past two and half years, the focus of possible Brexit damage and destruction to expats’ lives has concentrated on retired pensioners on the Costa del Sol, but the majority of Brit expat business owners are still in an impossible situation. The problem for many of those with the most to lose is that Spain does not allow dual citizenship. In order to allay healthcare and pension worries by securing Spanish...