Finance News - Emigrate UK Page 29

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Landmark UAE case convicts IFA of working illegally

Landmark UAE case convicts IFA of working illegally
As Dubai-based expat investors continue attacking a rogue financial advisor, the latest court case acts as a warning to expats in the Gulf States. It’s the same old story of an illegally working, unprincipled scam artist preying on expats with cash to invest. This particular offender, one Neil Grant, was caught due to his victims raising...

EU member states enticing expat professionals with tax cuts

EU member states enticing expat professionals with tax cuts
European countries are promising low taxes for wealthy UK would-be expats considering relocation. According to a recent study, a British professional earning an average of 250,000 euros in an overseas job would pay more tax and social security contributions were he working in the UK than he or she would in no less than five European...

Italy looking to attract the wealthy but none are arriving

Italy looking to attract the wealthy but none are arriving
The latest country looking to attract wealthy expats is Italy, but no-one wants to know! Last year, Italy hit on a great idea to attract millionaires and possibly billionaires to its charms, simply by offering a flat tax rate of 100,000 euros annually, no matter how much tax would have been due in the real world. Sadly, the scheme fell...

Getting along with the neighbours in rural France

Getting along with the neighbours in rural France
It’s always advisable to do your best as a newly arrived expat to make friends with your neighbours, but in France it’s sometimes not that easy. France has a not entirely undeserved reputation for being rather less than welcoming to new expat arrivals, especially if they’ve decided to live in rural havens rather than in the...

Cold calling pension fraudsters targeted by police and pensions watchdog

Cold calling pension fraudsters targeted by police and pensions watchdog
If you’re coming up to retirement and thinking of heading overseas, you’ll need to watch out for fraudsters aiming to steal your hard-earned cash. As consumer watchdogs issued yet another warning to pension savers about cold-calling offering free pension reviews, the UK’s Pension Regulator revealed detectives are investigating a...

Setting up an expat business overseas

Setting up an expat business overseas
For most would-be entrepreneurs, setting up a new business is a challenge, but doing so in an unfamiliar county can seem like a nightmare. Many world countries are sympathetic towards those wishing to set up new enterprises, but language, different laws, financial requirements and visas can make it seem as though it’s not worth the...

Getting the best salary when offered an overseas job

Getting the best salary when offered an overseas job
Being offered a job overseas can mean a chance to improve your career prospects and lifestyle as well as your salary level, but assessing the required income to make the most of your posting should determine whether all that glitters is indeed gold. Examining your present salary in the currency of your country of residence and comparing...

Need to know QROPS facts for expat retirees

Posted on February 23, 2018 in Finance Relocation Tax UK
STORY LINK Need to know QROPS facts for expat retirees
Need to know QROPS facts for expat retirees
Much has been written on expat forums about the pros and cons of transferring a personal pension to a QROPS, but the exact definition of the overseas pension scheme is often missing. Qualifying Recognised Overseas Pension Schemes (QROPS) are offshore pensions certified by their providers to meet HM Revenue and Customs rules permitting...

UAE worst in world for predatory expat financial advisors

UAE worst in world for predatory expat financial advisors
According to an expert investor and author whose life mission is protecting expats from fraudulent IFAs, the UAE is the world’s worst for risky investment mis-selling. In a round table discussion organised by the National English-language newspaper, Andrew Hallam compared the UAE’s market for long-term pension savings plans to...

Where to retire if heathcare is important

Where to retire if heathcare is important
More and more older people approaching retirement are considering leaving their countries of birth for warmer, more exotic and less expensive surroundings. Of all the convoluted decisions needing to be made when considering retirement overseas, healthcare is possibly the most important. Nowadays, it’s fairly straightforward to find...