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Middle- and High-Income Earners Hit by UK Pension Reforms
Despite a pre-autumn-statement appeal made by the UK’s financial services industry to “leave pensions alone”, yesterday Chancellor George Osborne announced reductions in both the annual pensions...
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UK Pensioners’ Expected Retirement Income Falls
UK Pensioners’ expected retirement incomes have fallen for the second consecutive year, according to new research from Prudential, the international financial services group. The insurer’s sixth annual...
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British Expat Pensioners Fight to Come in From the Cold
Thousands of British pensioners in 120 countries have had their pensions frozen in time, staying at the exact same level of payment as the day they emigrated, often surviving on £30 per week according...
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In, Out, Shake it All About…Cameron Stirs up Euro Question
In his long-awaited speech, the UK’s Prime Minister, David Cameron, laid out the path to renegotiation of the UK’s relationship with Europe and promised an “in/out” referendum to be held on the subject...
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UAE Expat Pension Plan Launches
Expats in the UAE form about 90 percent of a population close to eight million people. Most of the expats work in the Emirates but are unable to contribute to in-country, private or state pension...
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UK’s SIPP Providers Must Disclose Exposure to Overseas Property Developer
In January of this year, the UK’s Financial Services Authority (FSA) warned all Self-Investment Personal Pension (SIPP) providers not to recommend Harlequin Property, a UK-based overseas property sales...
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How the UK Budget Will Affect British Expat Pensioners
Amongst many reforms and tweaks announced by the UK’s Chancellor of the Exchequer, George Osborne, in yesterday’s Budget, the principal change that will affect retired British expats is the...
View ArticlePayment to UK Pensioners in Cyprus to be Held in the UK
On 18 March, the UK Government announced a decision to ‘hold’ payments of pensions or benefits to British nationals in Cyprus while banks in Cyprus remain closed. That decision is still current as of...
View ArticleUK Pensions Reform to Affect Overseas Residents
In a Bank Holiday announcement, UK pensions minister Steve Webb said that from 2016, pensions will depend on an individual’s National Insurance (NI) contributions and not the contributions made by a...
View ArticleBritish Expat Pensioners Feeling Pinch Should Seek Alternative Payment Solutions
British pensioners living overseas have lost over £10.6 billion of potential income since 2007 due to the falling strength of sterling, according to a report by foreign exchange specialist HiFX Their...
View ArticleTop Ten Financial Tips for Successful Overseas Retirement
A new study reveals that the most popular place for Britons to retire overseas is Spain. The numero uno location beats France to second place, Australia to third, Ireland to fourth and Cyprus and the...
View ArticleHow to Find a Lost Pension
A recent report in the Telegraph suggests that British expats (and UK residents) may have lost track of one million pensions worth £3 billion. The British government has plans to change the current...
View ArticleProtecting UK Pensions From the Lifetime Allowance
A recent article in MoneyWeek notes the importance of pension protection. MoneyWeek Editor-in-chief, Merryn Somerset Webb, writes: “From 6 April next year, the Lifetime Allowance (LTA) for British...
View ArticleUK: Pension Savers Do Not Move Up Queue in Insolvency Cases
The UK’s Supreme Court, the highest court in the land, has ruled that there is no protection for pensioners whose pension savings have acted as creditor to companies that go into liquidation. The court...
View ArticleUK Pensions: MPs offer Hope to Overseas Pensioners
Sir Roger Gale and Sir Peter Bottomley, two Conservative backbenchers, say they will table a motion to amend the Pension Bill in favour of overseas pensioners who have had their pensions frozen since...
View ArticlePayment of Pensions and Benefits Changes for British Eurozone Expats
In order to receive a payment from the UK’s Department for Work and Pensions (DWP) to a eurozone bank account, all recipients must ensure that they notify the DWP of the bank account’s International...
View ArticleUK’s Expat Tax Payers Could be Losing up to £1,255 a Year
Just over a quarter (26 percent) of UK workers earning more than £41,500, including expats paying into UK pensions, don’t claim the full 40 percent tax relief they are entitled to on pension...
View ArticleThe Country with the Best Pension System is…
Anyone looking for the best pension system should consider Denmark, according to the latest, Melbourne Mercer Global Pension Index. Dr David Knox, Senior Partner at Mercer and author of the research...
View ArticleExpat Explorer’s Top Ten Destinations for Expat Economics
Earlier this year, a record number of expats took part in the Expat Explorer online survey. The survey asked questions about the most important aspects of overseas living and what were the benefits and...
View ArticleUK State Pension: Important Change to Witnessing of Life Certificates
The UK’s Department of Work and Pensions (DWP) might on occasion send a pensioner a ‘life certificate’ form to check the pensioner is still eligible for the State Pension. If a pensioner is sent the...
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