Posts Tagged ‘expat wealth’
Over the past few months, news portals have been expressing concern about the fluctuation of the pound in the exchange market and its effect on British expats. Its value continues to decrease and not only is it losing them income, but it’s pushing Brits to confide in local currencies for savings instead. The press first […]
The well-known BRIC countries (Brazil, Russia, India and China) have been growing intensively in terms of economics, GDP and power over the last few years. They are predicted to be the most influential and largest economies of the 21st century. Considering that these countries put together make up 40% of the world’s population, it seems […]
Saudi Arabia has turned heads recently with a proposed cap on expat money transfers. Expats send the majority of their money out of the country, which officials say hurts the non-oil economy and keeps local unemployment high. The proposed transfer limit has sparked heated discussion not only among expats, but also Saudi businessmen and officials. […]
The Channel Island of Guernsey has long been a popular destination for Qualified Recognized Overseas Pension Schemes (QROPS). But it stands to lose that status when new UK tax rules go into effect in April. QROPS were originally created to help expats transfer their pensions overseas without crippling tax charges. But Her Majesty’s Revenue and […]
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