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Poor Language Skills Show Up Expats

British expats get their red faces from embarrassment due to a lack of understanding foreign languages as well as sun burn, according to a...

Gulf States Green Light For Imposing VAT

Dipping oil prices are forcing Gulf State leaders to bury their differences over a controversial move to introduce VAT. The leaders of the states have...

FATCA List – March 01, 2015

The list of international financial institutions signing up to comply with the US Foreign Account Tax Compliance Act (FATCA) is still growing. Another 3,734 registered...

Tax Warning As Expat Bank Accounts Are Closed

Expats with bank accounts in Jersey but live elsewhere are facing a tax avoidance crack down which is likely to spread around the world. Financial...

FX Code Aims To Stamp Out Crooked Currency Fixing

The world’s leading foreign exchanges have drawn up a code of practice aimed at stopping traders from manipulating currency prices. Led by the Financial Stability...

Setback As Chinese Push Yuan As Major Currency

Chinese efforts to make the yuan an international currency have been checked by banks and consumers. Data from SWIFT, the global system that coordinates international...

Budget 2015 – How Were QROPS Affected?

Qualifying Recognised Overseas Pension Scheme (QROPS) had an easy ride in Chancellor George Osborne’s Budget 2015 – but did not escape unscathed. Although the Budget...

QROPS List – April 1, 2015

Another 26 Qualifying Recognised Overseas Pension Schemes (QROPS) were opened by offshore pension providers during the past two weeks, according to the latest official...

Banks Accused Of Forex Charges Rip-Off

Expats believe foreign currency transfers cost too much and that many services have rip-off charges. Only 15% of expats who send money overseas believe the...

Tighter Rules Coming For Defined Benefit Transfers

British companies are making big cash offers to workers to move their pension liabilities off their balance sheets. If you have a defined benefits scheme...

Expats Win Right To Cash In Duff Annuities

Chancellor George Osborne’s Budget 2015 has extended the freedom for pensioners to cash in their annuities to expats as well. From April 2016, any retirement...

Pensions Boost For Women As Shares Soar

Women giving up work this year expect to settle for a retirement income of a quarter less than men, according to new research. The pension...

Soaring Living Costs Prompt Expats To Leave UAE

Tax-free salaries and a jet-set lifestyle are not enough to keep expats in the United Arab Emirates, according to new research. While many agree that...

Big Pay Rises For Top Directors Hike Gulf Salaries

The swelling pay packets of top directors were the main reason average salaries in the Gulf went up last year, according to a recruitment...

Expat Pensioners Losing Out On Spending Power

Two thirds of pensioners are financially less well off than they were a decade ago, according to a new survey. Pension payments firm Equiniti has...

6 Million Due For A State Pension Shock

More than 6 million people have not banked enough contributions over their working lives to qualify for the full state pension. Current rules require at...

FATCA List – March 01, 2015

A global financial imbalance is becoming apparent in the number of financial institutions signing up for the US Foreign Account Tax Compliance Act (FATCA). FATCA...

QROPS Solve Expat Pension Banking Problems

Expat pensioners are suffering from the knock-on effects of tighter financial regulation following the credit crunch as British banks close overseas accounts. One often overlooked...

£50m Waiting For Expats Grounded By Delayed Flights

Thousands of expats are waiting for their share of more than £50 million in compensation for delayed flights sitting in airline bank accounts. Three low-cost...

FATCA List – February 1, 2015

Another 6,750 financial institutions have joined Foreign Account Tax Compliance Act (FATCA) over the past month. Almost 154,000 organisations from 225 financial centres are now...