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Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 18 July 2016




Expats in UK express fears for future

The fallout from the Brexit vote for the UK to leave the European Union continues, with reports of growing concerns among expat workers living in the United Kingdom.

Their fears grew after Theresa May was questioned during her campaign to be Conservative leader and she refused to guarantee the immigration status for millions of Europeans who currently live in the UK.    more ...


Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 06 July 2016




Brexit impact rumbles on for expats

A settlement for British expats living in the European Union will be a key issue in the upcoming Brexit negotiations after the UK government said European nationals can continue to live in the UK.

However, the Foreign Secretary Philip Hammond said the announcement was 'absurd' without arranging a similar commitment from European governments for British expats settled in their countries.    more ...


Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 06 June 2016




Demand for expat skills continues to grow

Despite the rise in technology to make global communications easier there is still a rising demand from employers for expats to fulfil overseas assignments.

Consultancy firm ECA International says that 10 years ago experts were predicting the demise of expats having to move overseas with the introduction of webinars and videoconferencing. In fact, the opposite has been the case.    more ...


Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 30 May 2016




Where are expats moving to?

A new survey has revealed which countries expats are moving to - and where they are moving from.

The findings come from international relocation experts MoveHub, who analysed 180,000 client moves to find out who is going where, with some countries including the US, UK and Australia managing to make both lists.    more ...


Financial > Expat Focus

Expat Focus

The Best Countries For Expats According To The Personal Finance Index

(c) teegardin on Flickr

(c) teegardin on Flickr

The opportunity for expats to live and work overseas brings with it the opportunity to explore and experience new countries to live in, but how will they fare financially in their new homes?

The answer is, according to a survey of thousands of expats living around the world, that they will do very well indeed in most countries but not in all.    more ...


Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 23 May 2016




Expats in Australia hit by lifetime allowance

British expats are among those living in Australia who could see their plans for retirement being derailed following legislation that limits how much they can save into their pensions.

That's because the Australian government has brought in a lifetime allowance cap for pensions of £250,000 or A$500,000. In comparison, the lifetime pension savings allowance in the UK is £1 million - it was, until last month, £1.25m.    more ...


Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 16 May 2016




British expats struggle to get BTL mortgages

British expats looking to invest in property with buy to let mortgages have a mixed environment with lenders leaving the market.

NatWest and RBS have announced they are no longer offering mortgages to expats and this extends to current expat customers wanting to increase their borrowings.

The only applicants that will be considered by both banks are diplomats, consulate staff and members of the Armed Forces.    more ...


Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 09 May 2016




Firms worried over global prospects

A global survey of employers' confidence reveals that more than half of companies around the world are looking at freezing or cutting employment and just 14% are taking on more staff, according to a survey.

The Global Economic Conditions Survey from the Association of Chartered Certified Accountants (ACCA) says that business confidence was at its lowest in the first quarter of this year than it has been at any point in the past four years.    more ...


Financial > Expat Focus

Expat Focus

Expat Focus Financial Update 2 May 2016




Thousands of expat oil and gas jobs to go

The slump in oil prices has seen 84,000 jobs in Texas disappear in the last 16 months, and 150 workers are laid off every day in Britain's oil and gas industry.

In addition, a recent OPEC summit which wanted to freeze production levels but failed in its bid will lead to thousands more jobs in the oil sector disappearing.    more ...


Financial > Expat Focus

Expat Focus

New Expat? Don't Become A Victim Of Bad Financial Advice




For many expats, working temporarily overseas or deciding to emigrate to a new country means having to make financial plans to help prepare for their future income.

While this is easy to do in a home country, it's a more complex situation when living abroad and the expat is vulnerable to unscrupulous salesmen.

Indeed, one national British newspaper investigated the standard of financial advice being offered to expats and described the situation as a 'financial Wild West'.    more ...