Finance News - Emigrate UK Page 26

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Expats looking to buy property in Australia hit by 7 per cent surcharge

Expats looking to buy property in Australia hit by 7 per cent surcharge
Foreigners looking to buy a home in Western Australia will be charged a seven per cent surcharge starting next January. According to last week’s confirmation by the Western Australia Treasury department, the current four per cent surcharge is to be increased to seven per cent, starting on January 1 next year. The increased charge will...

Asian international schools now concentrating on affordable quality education

Asian international schools now concentrating on affordable quality education
Expat professionals relocating to Asia are forced to accept the new order of diminished allowances and less perks. Prior to the 2008 financial crisis, being an expat employed in Asia by a multinational corporation meant housing allowances, help with international school fees and a good number of other tempting perks including the ability...

UK expat private pensioners concerned over lack of news on passporting rights

UK expat private pensioners concerned over lack of news on passporting rights
Fears over the post-Brexit loss of access to private pensions are stalking the British expat community overseas. At the present time, cross-border financial services allow the ‘passporting’ of private pensions from the UK to all other EU member states, a facility which will cease once Brexit is a done deal unless special arrangements...

Demystifying expat car insurance

Demystifying expat car insurance
Insurance, whether for house, health, business or car is often a nightmare for newly arrived expats, especially if they can’t yet get by in the local language. The positive on this subject is car insurance, the requisites for which don’t seem to differ much from country to country. Prices, however, are another matter and range from...

Brit expats in UAE reluctant to remit due to sterling volatility

Brit expats in UAE reluctant to remit due to sterling volatility
The sterling slump following the Brexit referendum result was a gift to British expats in the UAE dedicated to sending money home or investing in British buy to let properties. Following an initial flurry of remittances and over the next year or so, the pound made up some 10 per cent, making sending money home less of a temptation. Now...

Dissecting living costs for expats in Luxembourg

Dissecting living costs for expats in Luxembourg
Is Luxembourg’s reputation as an expensive city for expats really deserved? In comparison with other European countries, Luxembourg seems always to come out as a place for those with massive salary cheques, but is this reputation truly deserved? When basic necessities such as clothing, food and accommodation are taken into account, the...

Expats mourn the good old days of generous Gulf States relocation packages

Expats mourn the good old days of generous Gulf States relocation packages
The Gulf States employment market is shifting away from mega relocation packages and employing younger expat professionals. It seems the good old days for expats in the Middle East will soon be a memory as a market shift towards less generous subsidies, lower wages and fewer perks takes hold. According to recruitment market analysts,...

Brit expat couple blame Danish banks for eight years of hell

Brit expat couple blame Danish banks for eight years of hell
Following a successful lawsuit which saved their home from being seized, a British expat couple in Spain can’t forget the years of hell they suffered due to two Danish banks’ crooked and callous behaviour. British expats Eric and Mary Mould are disgusted by the callous behaviour of representatives of both Sydbank and Nykredit, both...

Anger grows over Dutch government change to expat tax break

Anger grows over Dutch government change to expat tax break
As the controversy rumbles on over the Dutch government’s shrinking of the popular eight year 30 per cent tax break to five years, the majority of expats still believe it should be only for new arrivals. The Dutch government’s recent announcement of a reduction in qualifying years for its 30 per cent expat tax break took the foreign...

Portugal Golden Visa investment scheme facing corruption accusations

Portugal Golden Visa investment scheme facing corruption accusations
The popular Portuguese Goldan Visa scheme aimed at wealthy investors needing second passports and citizenship is under attack for corruption. European MP Ana Gomes led a surprise attack on the scheme earlier this week, accusing it of prostituting European citizenship and being open to organised crime and money-laundering. Gomes, also the...