Week In Expat Money Matters April 8 – April 12, 2013


Below is what happened in a week in Expats Finances, as reported on iExpats and from other places across the web.

From iExpats:

  • No Change For QROPS In Budget 2013
    Qualifying Recognised Overseas Pension Schemes (QROPS) are in for no changes following Budget 2013 following the major ‘next generation’ rule changes after the last budget
  • Expat Pension Pound Slumps 50% Less In 10 Years
    There’s more bad news for British expat pensioners as new research shows income has fallen by 50% in the past 10 years – and as if that wasn’t bad enough rising inflation is expected to push company pension funds deeper into the red
  • BT Pension Fund Slumps Further In To The Red
    BT’s rocketing pension deficit is causing alarm among analysts and investors after one merchant bank said the telecoms company would have to pump more cash in to ease the stress
  • HMRC Draws Offshore Tax Net Tighter
    British taxpayers who have been hiding money and assets in offshore accounts are being urged to come clean and use a disclosure facility before the taxman comes knocking

Financial News From Around The Web

Euro area house prices down by 1.8% – Eurostat

Quarter of adults have lost a pension pot – The Independent

EU losing 1 trillion euros a year to tax dodging – Yahoo!

Expats forced out of Beijing and Shanghai by Chinese returning from West – Telegraph

Singapore and the rise of the opportunistic expat – Telegraph

Give a Little, Get a Lot: Crowdfunding in the Arab World – Arabian Gazette

Pension scheme deficits up ‘at worst time‘ – BBC News

China’s Latest Threat to Gold and Silver – Motley Fool

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