Finance News - Emigrate UK Page 34
This is the category page for all Finance news here on emigrate.co.uk, where you can view all the Finance emigration news.
US expats at risk from IRS investigation of bitcoin trades
American bitcoin traders both in the home country and overseas are at risk from IRS investigation for failing to declare their bitcoin trades. The US tax authority is looking to close the loophole of tax-free bitcoin trades by both US residents and expats as it considers tax on the trading profits from the virtual currency should go to...
Expats in Spain see private home rental charges soar
Expats living in Spain are seeing rentals on private homes soar, with government ministers believing the increases are due to continue. Record rents are being charged for properties in the Balearics and Catalonia, with rents in the rest of the popular expat destination due to catch up in the near future. According to a report from the...
Are QROPS still viable for Britons retiring overseas
Britain’s divorce from the UK is likely to render a QROPS transfer uneconomic for British expats as they may become liable for a transfer tax at a rate of 25 per cent. For British expatriates, QROPS has long been a no-brainer as regards moving private pensions to tax-efficient offshore jurisdictions. The bad news for UK pension savers...
Expats heading to Saudi can trust local banks
With warnings about fraudulent expat investment schemes, failing banks and online financial scams hitting the news weekly, what are would-be expats to do to safeguard their hard-earned cash? The good news for relocating expats heading to Saudi Arabia is that the kingdom has one of the lowest rates of bank fraud on the planet. The...
UK expat retirees urged to consider all aspects of pension freedoms
Would-be expats considering taking advantage of the so-called’ pension freedoms’ are urged to evaluate their choices carefully. A report by the Pension Institute think-tank should make interesting reading for Britons approaching retirement and considering emigrating to warmer climes with lower costs of living. The study scrutinised the...
Expats in Singapore unhappy about government anti car strategies
Expats planning to head to Singapore should note new, tough measures to minimise the numbers of cars on the city-state’s roads. Nowadays, it seems all major world cities are having problems with the density of traffic on the roads, but Singapore is going further than most in attempting to deal with the issue. The majority of expat...
Claiming your UK state pension from overseas
Retiring overseas is ever more popular with UK citizens already at or approaching retirement age, but the chore of claiming the state pension might be at the bottom of the emigration to-do list for many. Expatriates who’ve already left the UK before they’ve reached state pensionable age are advised to apply to the UK International...
Would be expats warned about pension transfer sharks
If you’re planning to retire overseas and have a personal or work-related pension, you’ll need to be very careful about any advice on pension transfer you may receive. Since pension freedoms were brought in, independent financial advisers have lined their deep pockets with over £715 million, just by persuading savers to transfer...
Paris property prices hit all time high
Britons wanting to live in Paris are now caught in a shocking rise in apartment prices, with a record €9.000 per square metre now considered the norm. It’s believed that pre-Brexit demand for Paris apartments has played a large part in the dramatic increase, bringing the cost of a Paris pad to its highest ever level. It’s not just...
Expat entrepreneurs having problems getting Saudi business licenses
Expat entrepreneurs wanting to set up businesses in Saudi Arabia are being stymied by Saudi laws regarding business licences. Many expatriate businessmen wishing to establish a company in Saudi Arabia are frustrated by laws preventing them from obtaining the necessary paperwork without first finding a Saudi sponsor. It’s virtually...
