October 2017 Emigrate News Archive
Archived Daily Emigrate UK News...
Expats in China pay in for benefits but don?t understand how to claim
Expats living and working in China are confused as to whether the country’s benefits system is any use to them.
Expatriates working legally in China are forced to contribute to the country’s social security system, as it’s automatically deducted from their salaries along with tax due.
Both deductions add up to around 25 per cent...
Expats on overseas assignments more at risk than in previous years
Expats taking on overseas assignments are at more risk of critical incidents than ever before.
Research by a major global relocation firm has shown expat professionals are more at risk from terrorist attacks, medical issues and severe penalties for breaching immigration or tax laws than at any time in the past. The survey revealed some 20...
Brexit woes chasing bankers out of the UK to Frankfurt
Thousands of bankers are expected to move from London’s City financial district to Frankfurt as Brexit looms.
Germany’s financial capital Frankfurt is expecting a rush of thousands of previously London-based bankers, resulting in considerable strain on suitable housing and international school places. The city has always been popular...
Expats with HMRC problems may benefit from recent court judgment
British expats with former UK businesses who are worried about their HMRC tax status may gain immunity by means of a recent court judgement.
Emigrating overseas is a stressful enough experience, but attempting to close down your business at the same time can easily result in a few mistakes. Life being what it is, they’ll focus on tax...
US retirees advised to sort out financial pros and cons before emigrating
US retirees are being urged to consider the financial pros and cons before making the decision to emigrate.
Seduced by travel and expat-aimed websites with alluring headlines about retiring to paradise on a shoestring, many US retirees leave their home country without educating themselves about essential financial matters. In the real...
Emigrating UK retirees warned over new trick on pension scammer sites
British retirees looking to emigrate are being warned pension fraudsters are lifting official scam alerts and inserting them in their web pages in an attempt to portray themselves as legitimate advisors.
The warnings include a description of the bold twist in marketing employed by dodgy websites run by pension scammers. Scammers have hit...
Is Dubai all it seems to be for expat professionals
Taking into account the millions of online advertorials, blogs, articles and expat surveys, would-be expats might well be forgiven for believing Dubai is paradise on earth for every expat professional fortunate enough to land a job in this magical hub of unrestricted consumerism.
However, searching the internet’s endless blogs, forums...
How much do expats in UAE need to save to ensure a comfortable retirement
Given that most expats working in the UAE have chosen the job to ensure financial security, how much should be saved to make retirement all it should be?
Relocating on assignment to the UAE is often seen as one way to ensure financial security in later life, but the trick is knowing exactly how much needs to be put by. Retirement isn’t a...
Brits still heading to Portugal for sunny retirements
In spite of Spain’s claim to fame as a hub for British retirees, Portugal’s appeal to older UK citizens is as strong now as it was decades ago.
Portugal’s Algarve region has been a favourite with Britons heading for a peaceful retirement since the early days of cheap flights. Even last June’s disastrous referendum result has so...
Retirement savers set to lose millions due to over cautious fund placements
Workers saving for their retirement via workplace pensions may lose millions due to pension providers automatically choosing low-risk funds.
Worrying new research has shown that almost all workers enrolled in workplace pension schemes are automatically rerouted to a default lifestyle fund once they approach their retirement age. A report...
Expats need more reliable info on pension options
Experts in the field of expat finance are now realising clients are being short-changed by their providers once they stop paying in to their pension funds.
Debates over the rights of deferred members who stop contributing to their pension but still have a fund are hotting up in the trade after research revealed under a third of providers...
Barnier puts British expats onward movement rights on back burner
The post-Brexit rights of UK expats already living in Europe to move to another EU country are being pushed back by the EU negotiating team.
Future movements by UK expats already in Europe are not to be the subject of any discussions for the foreseeable future, according to the EU chief negotiator Michel Barnier. Campaigners working to...
Rerun of dementia tax could cause post Brexit problems for expats
A throwaway comment by a UK government minister about raiding property to pay long-term care bills could prove problematic for UK expats.
The hated, and at present discontinued, so-called ‘dementia tax’ which forced the sale of property owned by Britons in care homes could soon be re-established. The government’s Care Minister...
South Africa out of favour with expat property investors
Due to its continuing economic stagnation, South Africa is no longer a favourite for expat property investors.
Analysts believe the growing reluctance of both foreigners and South African expat investors to buy property is a reflection of the general collapse in investor sentiment. An uncertain economic policy following years of economic...
China is the new expat hub for digital nomads
Digital nomads and freelance writers are now heading for new experiences in the world’s oldest culture.
In line with the development of the internet across the world, a new style of expat has emerged and can be found in dozens of far-flung locations as well as in the more established expat destinations. A favourite in spite of its...
Expats confused over new Cambodian visa system
A recent announcement by Cambodia’s immigration authorities has left expat residents and those planning to move to the laid-back country confused as its turns the formerly straightforward system on its end.
The plan seems to be to separate the three categories of retirees, students and working expats in order to ensure those who work...
Expat property investors face conundrums between currency fluctuation and capital gains
Property has always been popular with expat investors for its doubly profitable whammy of capital gains and rental incomes, but the Brexit-based devaluation of sterling has brought instability into the frame.
For expat investors, Brexit so far has been a curse and a blessing dependent on the location of their properties and the currency...
Oz tax reforms to affect Australian and international expats
The latest changes in Australia’s housing affordability laws are likely to have an effect on property sales tax liabilities for Australian citizens and associated property taxes for expats living and working in the country as well as property investors.
Firstly, Aussie citizens living overseas may lose their Capital Gains Tax exemption...
Andalucia now favourite for Brit real estate purchases
Andalucia’s beachside cities of Marbella and Mijas as well as Torrevieja in Alicante province are now top favourites for Britons considering purchasing a second home before Brexit finally kicks in.
Torrevieja topped the charts in a recent study, followed by Marbella and Mijas, with the results hinging on affordability and closeness to...
Up and coming Vietnam welcomes skilled expat professionals
If you’re searching for a challenging, totally different environment for your next relocation, Vietnam is fast becoming a favourite with adventurous expat professionals.
Considering Vietnam’s history over the last half of the 20th century, the country’s present-day economic growth is something of a modern miracle. Taking part in...
UAE expat parents fail to plan for hugely expensive education costs
In spite of education to university level in the UAE being the second most expensive on the planet, UAE parents are failing to plan for the costs.
According to a recent survey, expat and Emirati parents alike are facing huge charges for the education to university level of their children, but aren’t investing or saving money to pay the...
Vietnam looming large as expat hub for high salaries
A recent survey has revealed Vietnam is the latest success story for expats’ salaries. \r\n\r\nHSBC’s Expat Explorer survey points Vietnam as the latest up-and-coming destination for expat professionals aiming at high-salaried positions overseas. The average earnings of respondents to the study are $88,100, an increase of 25 per cent over...
