Public Pension QROPS Transfers – The Story So Far

Pension advisers are warning that Chancellor George Osborne may be thinking about closing the door on Qualifying Recognised Overseas Pension Schemes (QROPS) transfers for civil servants and public sector workers. Osborne has already indicated he is considering different pension rules for retirement savers in defined benefit or final salary pensions paid by councils or the […]

Expats Face Jail And Deportation In Visa Crackdown

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Expats in Saudi Arabia face fines, jail and deportation for visa violations as the police crackdown on illegal workers. Saudi Arabia has around 9 million expat workers – down a million from last year after the government offered an amnesty to those living and working in the country illegally. The Saudi government decided to enforce […]

EU House Prices Still Stuck In The Doldrums

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House prices nudged down slightly at the end of last year – but the biggest price drop was in Eurozone countries. Across the European Union (EU), values fell a negligible 0.1%, while the single currency zone saw prices fall 1.4%. The figures come from Eurostat, the official statistical body for the EU and cover the […]

Investigating Investment Firms Can Pay Dividends

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The choice of online fund managers is massive and often leaves investors perplexed about which companies are consumer-friendly and offer the best deals. One simple measure is data from the Association of Investment Companies (AIC) web site which ranks the most viewed companies visited from the AIC in the first three months of the year. […]

When to use a ‘third country’ QROPS

When to use a ‘third country’ QROPS

Since 2006, individuals with a UK pension who either plan to live or do live abroad can transfer their funds into a Qualified Recognised Overseas Pension Scheme – or QROPS. Once a transfer has been made, and the member has lived outside of the UK for five years, the fund begins to follow the legislation […]

Confused Consumers Slip Into Pensions Black Hole

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Retirement savers are so confused about pension rules almost two-thirds intend to consult an independent financial adviser about their options. But for many, taking advice is an expensive choice as more than half of pension savers approaching retirement have funds of less than £40,000 and IFA fees of up to £3,000 could take a big […]

Frozen State Pension Campaign Gets Icy Response

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British retired expats have taken their fight to unfreeze their state pension payments to the heads of state of the Commonwealth nations. In a campaign fronted by Tory MP Sir Peter Bottomley, thousands of expats have battled with the UK government to have their state pensions index-linked in the same way as retirees in the […]

Global Policies See More Earners Paying Extra Tax

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Investors and workers are paying more tax in three-quarters of the world’s leading economies as governments slash the value tax-free allowances and tax credits. More people are also paying extra tax as governments bring down the limits for paying higher rate tax, according to a study by the Organisation of Economic Co-Operation and Development (OECD). […]

FCA Warns Pension Firms To Put Customers First

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Financial firms have been warned not to disadvantage customers when giving advice about Chancellor George Osborne’s new Budget 2014 pension rules. The Financial Conduct Authority, which polices financial advisers and pension providers, has issued a set of guidelines telling firms what they should tell consumers who want to cash in their pension lump sums under […]

Osborne Declares War On Offshore Tax Avoidance

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Chancellor George Osborne wants to make stashing cash in secret bank accounts and investments offshore a crime for British taxpayers. In a legal U-turn, proposals for a new law shift the balance of proof from HM Revenue & Customs (HMRC) to the taxpayer. So, instead of the tax authority having to prove someone has offshore […]

No Degree Of Success For Expats Seeking Jobs

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Expat graduates moving to Canada for a job are having a tough time finding work that matches their skills. Less than half of expats with degrees are in a highly-skilled job, while 70% of Canadians find professional or management roles, according to research. The study found that 50% of graduate expats found a skilled job […]

QROPS Pensions Still Opening At One A Day

QROPS Pensions Still Opening At One A Day

Qualifying Recognised Overseas Pension Schemes (QROPS) are still opening at the rate of one a day as the number of pensions worldwide hit a new peak of 3,364. During the past two weeks, 15 QROPS opened while four were suspended, moving the gross number of the offshore pensions up 11 from 3,353. Compared with 12 […]

FCA Disappointed With Secretive Financial Advisers

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Investors need straighter talking from financial advisors who are not as upfront as they could be about charges for their services. A review by the Financial Conduct Authority revealed many advisers are failing to give their clients key information about their status, services and costs. The review was designed to reveal if firms calling themselves […]

8 Questions You To Ask About Funding Retirement

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If you are over 50 and thinking about retirement, American economist James Poterba has come up with eight vital questions you need to ask to find out if you have enough savings for your later years. Like all ‘if what’ questions, the answers rather depend on your lifestyle and how you plan to spend your […]

Pension Cash Finds New Home In SEIS As Limits Fall

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The Seed Enterprise Investment Scheme (SEIS) is becoming a refuge for investors who cannot take advantage of pension tax breaks, according to a new study. Hundreds of millions of pounds have poured into SEIS and the Enterprise Investment Scheme (EIS) since Chancellor George Osborne upped the tax ante with market leading income and capital gains […]

Cyprus Home Protection Law Delayed

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Thousands of Cyprus property owners are living in fear of having their homes sold out from under them by banks trying to claw back bad debts and arrears. A controversial new law aimed at stopping the banks from repossessing a borrower’s main home has stalled in the Mediterranean island’s Parliament after arguing between politicians. The […]

IRS Reveals List Of FATCA Compliant Countries

IRS Reveals List Of FATCA Compliant Countries

The US government has revealed the list of 49 countries considered as having a valid Foreign Account Tax Compliance Act (FATCA) inter-governmental agreement in force. The list is split in two, with 27 nations already inking their agreements, while the rest are finalising their FATCA treaties but are far enough along the line to be […]

Forex Failings Push Model Train Firm Off Track

Model train maker Hornby has hit the buffers in a lesson to any expat or business involved in foreign exchange transactions.

Model train maker Hornby has hit the buffers in a lesson to any expat or business involved in foreign exchange transactions. The firm has signalled to the markets that £1.2 million was lost in the last three months of 2103 due to foreign currency exchange rate fluctuations – and warned another £200,000 has gone up […]

Expat Mums Need Baby Blues Medical Cover

Expat Mums Need Baby Blues Medical Cover

Expat mums with the baby blues after giving birth can find support hard to come by in a foreign land sometimes thousands of miles from home. It’s not easy for family and friends to offer practical help because of the distance involved. Best advice to a mum expecting some time near an overseas relocation is […]

US Home Prices Inching Towards April 2006 Peak

US Home Prices Inching Towards April 2006 Peak

The US homes market has stabilised and is on the launch pad ready to fire ahead of pre-recession values, according to a leading house price index. Nationwide, average prices were 12.2% up in February 2014 up compared to 12 months earlier, according to research firm CoreLogic. February was also a landmark, as the month marked […]