Week In Expat Money Matters June 29 – July 5, 2013


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

From iExpats:

Hidden Costs Of Healthcare In The USA

Expats face a welter of hidden health costs if falling ill in the US. Figures from accounting and consultancy firm Deloitte suggest federal budgets have underestimated spending on healthcare by more than $10,000 per person

Swiss Offer The Best Paying Expat Jobs

Expats looking for the best paying jobs should head to Switzerland which has topped a survey of countries offering the highest salaries. Recruitment consultancy firm Mercer looked at the pay packets of workers in 75 countries to place the Swiss in first place

HMRC Suspends 432 QROPS

More than 430 Qualifying Recognised Overseas Pension Schemes (QROPS) have disappeared from the latest HM Revenue and Customs list of recognised pensions

Health Care Scammers Prey On Sick Expats

Expats have long suspected they have paid too much for private health care in Dubai – and now the government has finally admitted they are right

Croatia Counts Down To EU Membership

Britain may huff and puff about leaving the European Union, but other nations are queuing up to join. The latest new member to accede to the EU is Croatia

Expats Are The Brains Behind The US Technology Boom

A new generation of expats is powering the US economy by creating jobs and innovation

Pension Unlocking Fraudsters Blocked In £12m Cash Grab

Pension liberation scammers are picking up the pace in persuading retirement savers to move their lifetime savings in to risky funds

Malta QROPS Top The List For USA Residents

Malta is heading the list for US residents looking for a QROPS – Qualifying Recognised Overseas Pension Scheme, as a retirement saving solution

HMRC Admits Suspending 432 QROPS By Mistake

HM Revenue and Customs has been left embarrassed over another QROPS bungle that saw 432 pensions suspended in error

QROPS List Update July 2nd 2013

HM Revenue and Customs has published a revised QROPS list – this time not omitting 432 Qualifying Recognised Overseas Pension Schemes

Oil And Gas Output Pumped Up In North Dakota

Wells in the remote US state of North Dakota have hit new record highs in oil and gas production

Turn Over A New Leaf As A Rare Book Collector

If you want a word of advice about making money from collectibles, talk to a bibliophile investor

Spanish Holiday Home Licensing Even Confuses Lawyers

Letting out a holiday home in Spain has become a major headache for property owners as a new law has helped little in clarifying an already confusing issue

Swiss Digging A Deeper Hole Over Foreign Tax Evasion

Swiss lawmakers are in a twist over agreeing how to resolve a long running tax dispute with the USA

Fund managers concerned about working with FATCA

International fund managers still have concerns about how the US Foreign Account Tax Compliance Act (FATCA) will work

Hollande Eases CGT For British Expat Homeowners

French President Francois Hollande has eased demands on expat second home owners for capital gains tax (CGT)

Plunging Pound Hits Expat Pensioners Spending Power

Retiring overseas has cost thousands of British expat pensioners around £10.6 billion since the credit crisis due to the falling value of the Pound worldwide

Financial News From Around The Web

Record-Breaking Number Of Millionaires In The World – The Telegraph

Saudi rents to soar due to increased demand for apartments – Expats Blog

How much does that cheap smartphone really cost? – OECD Insights

FATCA: ‘Headache of the decade’ – Cay Compass

Lifetime cost of a UK household is over £1.8 million – Prudential

Govt to halve £300m state pension delay incentive – Money Marketing

Free FATCA Guide for Our Readers


iExpats.com expert writers have created a simple guide to FATCA

Expat Guide to Understanding the Foreign Account Tax Compliance Act and ways to optimize your liability. A no-nonsense guide that will introduce investment and tax planning options and talk through the pros and cons. Download the free guide by following the link below

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