Finance News - Emigrate UK Page 32

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Pension fraudster flees Spain after scam collapses

Pension fraudster flees Spain after scam collapses
Over 300 British expats have lost up to €20 million to a pension fraudster who fled Spain after his scams were discovered. Darren Kirby, boss of Continental Wealth Management in Alicante, fled the country for Australia after closing his Javea office as soon as his illegal practices were discovered. Expat investors in Spain. Turkey,...

British expat retirees worldwide feel the pain of shrinking sterling

British expat retirees worldwide feel the pain of shrinking sterling
Brexit’s effect on sterling has eroded the spending power of hundreds of thousands of British expats worldwide. Whether they’re struggling on an already less than generous UK state pension, have top-ups from personal pensions or are receiving an income from investments, the reality is that the value of their monthly incomes has fallen...

Getting real about withdrawing cash from pension savings

Getting real about withdrawing cash from pension savings
Pension scammers won’t be eradicated until all retirement savers get real about their financial options. A recent survey found the most popular reason for pulling cash out of pension savings is investment to generate an income in retirement. Holidays and travel came next, followed by stashing emergency cash in a bank account. Helping...

Guide to expat financial survival in the New Year and onwards

Guide to expat financial survival in the New Year and onwards
As the old year staggers to a close, making financial resolutions for 2018 will help ensure a prosperous twelve months. Small savings and sensible investment decisions are what’s needed at the end of December, especially if the past year hasn’t been great on the financial front. Whether you’re overseas and searching for a better...

Expat living within your means in Dubai

Expat living within your means in Dubai
Dubai is now one of the expat world’s most desired relocation destinations, but managing your salary to its best advantage can be somewhat of a challenge. Rediscovering your new life in a new country isn’t easy at first and Dubai, for all its first-world comforts, is no exception. As with all other first-world destinations, the cost...

Spanish property sales highest since financial crisis

Spanish property sales highest since financial crisis
Spain’s Development Ministry has reported a surge in property sales since the beginning of October, giving a 16 per cent increase on last year’s figures. Between September 2016 and the end of September this year, just over 510,000 homes were sold, with 121,000 finding buyers during 2017’s third quarter. The figure is only slightly...

Netherlands is the place for expat entrepreneurial businesses

Netherlands is the place for expat entrepreneurial businesses
For the ever-increasing number of younger entrepreneurs moving overseas to create their dream businesses, the Netherlands has much to offer. Surveys of ‘best countries’ have their place in many would-be expats’ choices of where to go, but mostly concentrate on expat professional relocations or expat retiree destinations. Moving...

China to open doors for Western healthcare insurers

China to open doors for Western healthcare insurers
China is seeking both investment and expat professionals to boost its lagging healthcare and health insurance provision. That the Chinese government regards the country’s healthcare provisions as of national importance is old news, with improvements of the system a priority for several decades. However, public healthcare has been...

Expat retiree exodus now heads for Asian countries

Expat retiree exodus now heads for Asian countries
Foreign retirees are flocking to Asian destinations to avoid freezing winters, political chaos and cost of living hikes. Over the last few years, the numbers of retirees heading for Asia has soared, with the majority arriving from the USA, Australia, Europe and the UK. They’re from a wide mix of socioeconomic backgrounds and are...

Landmark High Court ruling lets expats off HMRC taxman hook

Landmark High Court ruling lets expats off HMRC taxman hook
A landmark ruling in the British courts has taken away HMRC’s power to chase expats overseas for information used in a tax enquiry. n the past, expats who live permanently overseas have been called on by Her Majesty’s Customs and Excise office to release information or documentation related to possible tax evasion or avoidance....