Expat Switzerland News

Latest 10 news items tagged Switzerland

21 May at 6 PM 2019

UK expat retirees hit hard by sterling volatility

British expat retirees in Europe have lost 14 per cent of their pensions’ purchasing power since the Brexit referendum. A report from a technology service handling more than 6,000 regular monthly payments to UK pensioners living in EU member states has revealed British expat retirees’ costs of living have risen by 14 per cent due to currency volatility. In comparison, the rate of inflation in the UK over the same time period is seven per cent. In addition to sterling’s Brexit-induced instability, the USA’s trade war with China...
15 May at 6 PM 2019

Scandal of NHS charges for British expat pensioners living overseas

British expats living across the world can be confused as to their entitlement to free NHS healthcare should they need to return to the UK. For British citizens who’ve decided to retire overseas after paying social security dues all their working lives, the use of the UK’s free NHS healthcare whilst living in another country as an expat has been controversial for some years. Up until recently, the law stating the NHS is a residence-based service was mostly ignored, especially for UK expats who’d returned to the UK specifically...
9 May at 6 PM 2019

Oz is all-time favourite for high net worth expats

Australia is migrating millionaires’ number one destination. If there was ever any doubt that the past several years saw more people deserting their countries of birth than ever before, the latest figures on millionaire migration prove it’s all about the money, one way or the other. High net worth individuals can go where they please, as can the top talents in tech and other 21st century sectors, with destination cities all resembling each other in the race to attract mega-wealthy incomers. Over the past year, 12,000 or so...
24 Apr at 6 PM 2019

At least 31 expats killed during Easter Sunday terror bombing

As the Sri Lanka death toll continues to rise, the number of expatriates who died in the terror attack is becoming clearer. The majority of victims killed or injured in the devastating Easter Sunday terrorist attack were Sri Lankan members of the country’s Christian minority, but it’s now becoming clear at least 31 expatriates lost their lives. Information is slow in coming out as the Sri Lankan authorities have blocked the use of social media in order to prevent the possibility of revenge attacks on local Muslim communities. The...
28 Mar at 6 PM 2019

Expat investors in Middle East now have financial advisory aggregator website

For the first time, would-be expat investors in the Middle East will be able to check out their IFAs via an online financial advisory aggregator site. UAE-based communications, consultancy and research agency Insight Discovery is the brains behind the website, with its aim to discourage cold-calling malpractice as well as financial scammers in general. Found at www.whichfinancialadvisor.com, the site is the first of its type in the Gulf States. Only financial advisory companies which have been pre-approved by the two major UAE...
20 Mar at 6 PM 2019

Expats and locals in Sihanoukville suffering from Chinese invasion

Expats in Sihanoukville welcome Cambodian investigation into Chinese invasion. Expats still living in Sihanoukville are supporting the Cambodian government’s investigation into the statuses of the high number of Chinese nationals now taking over the city. When the influx of Chinese workers and investors began, local people were happy to sell their land to the incomers at high prices, but are now being pushed out of their homes and businesses as the city increasingly becomes Chinese. Over the last few years, Sihanoukville has been...
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...
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...
30 Jan at 6 PM 2019

Shock horror for Brit expats as no-deal means no healthcare

A no-deal Brexit will rob British expats in EU countries of their rights to free healthcare. British expatriates living in EU member state, including France, Italy and Spain, will no longer be entitled to free heathcare in the event of a no-deal Brexit. The news is a major blow to retired British citizens living in popular destinations such as the Spanish Costas, France’s Provence region and Italy's Tuscany. It’s also bad news for the UK’s NHS, now struggling to cope after many of its EU citizen medical staff have opted to...
2 Jan at 6 PM 2019

Saudi Fund hires top talent but can’t keep it

The Saudi Arabian Crown Prince is being blamed for the departure of expat experts involved in the Saudi Fund. Crown Prince Mohammed bin Salman is relying on the kingdom’s sovereign investment fund to drive diversification of the economy as part of a wider strategy to reduce dependence on oil revenues. However, the flagship investment scheme has suffered recent setbacks due to the departure of Western expatriate executives. The British head of legalities for the fund, its Spanish private executive associate and its Swiss head of...