Expat Focus Financial Update February 2018


Financial - Expat Focus

Global HNWIs Leave UK For Australia And US

The UK may be losing its traditional position as a leading destination for High Net-Worth Individuals (HNWIs), with more ultra-wealthy people heading to the US and Australia, says a new report.

Research from New World Wealth reports that last year, the UK saw more HNWIs leaving the country than arriving for the first time.   more ...

  How To Navigate Brexit When Sending Money Abroad


Financial - FC Exchange

Brexit is in and out of the headlines and the pound has been swinging up and down like a yo-yo as a result. By late January the pound to US dollar (GBP/USD) exchange rate had broken through some key psychological barriers and was trending in the region of 1.43. However, Brexit struck again and papers reported Theresa May’s situation becoming more unstable amid a split in the Conservative Party and leaked reports showed Britain will be far worse off after the divorce. The pound sank to around 1.39 in just a few trading sessions during the final few days of the month, before bouncing higher again.   more ...

  Expat Focus Financial Update January 2018


Financial - Expat Focus

Most expensive places for expats revealed

An annual cost of living index which reveals the most expensive places for expats to live in has been revealed by Numbeo.com. Their figures for 2018 reveal that Hamilton in Bermuda is the most expensive location overall for expats.   more ...

  Top Tips for Buying a Property Overseas in 2018


Financial - FC Exchange

Maybe you’re planning on buying a holiday home now, to retire to in the years to come, or maybe you’re just upping sticks for a life somewhere new. Whatever your reason, if you’re looking to invest in a property overseas in the New Year, there’s lots to think about – not only have you got to decide your location, pick a place you like, and consider removals, you’ve also got to move your money abroad, consider how you’ll make regular overseas payments for mortgages, pensions, property upkeep, or other commitments at home, and try and make the most of your funds in the process.   more ...

  Expat Focus Financial Update December 2017


Financial - Expat Focus

Expat Pensioners Suffer Brexit Blow

Most UK expat pensioners are now having to live off an income that is worth 20% less than it was in the Christmas before the Brexit referendum. The findings come from Equiniti, which handles pension payments for more than 60,000 expat pensioners, most of whom are receiving their pensions in the Eurozone.   more ...

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