update

Expat Focus Financial Update August 2024

UK Election: Will There Be an Exodus of Wealthy British Expats? Back in June, investment migration firm Henley Global estimated that there could be a net loss of 9,500 millionaires from the UK in 2024 – and that was before the general election. Given Labour’s landslide victory, alongside rumours of tax increases, could these projected … Read more

Expat Focus International Healthcare Update August 2024

Retirees Struggle with UAE Health Insurance Retired expats in the UAE report difficulties with accessing affordable health insurance. There is, they say, a shortage of packages for the over 60s, with a corresponding increase in premiums, especially if you have pre-existing conditions. One expat reported an annual cost of Dh30,000 ($8,168), which tripled after she … Read more

Expat Focus Financial Update July 2024

UK Elections: Financial Impact on Brits Abroad British expats were able to vote in the recent UK elections, held in the first week of July, after legislation removing their voting rights if they had been out of the country for 15 years was scrapped. This change increased the potential voting pool from 1 million to … Read more

Expat Focus Financial Update June 2024

EU to Harmonise Withholding Tax At the Economic and Financial Affairs Council (ECOFIN) meeting in Brussels in mid May, financial ministers of the EU agreed to implement a proposal to streamline existing tax barriers to the capital markets union (CMU), thus harmonising tax across the EU. The move is designed in part to create more … Read more

Expat Focus Financial Update May 2024

Expats’ Pensions Affected By Serious Fraud The Times reported in late April on a fraud that may affect £2.37 billion worth of pensions held by 10,000 British expats. An investigation by the Sunday Times has revealed that executives at financial advice firm Brite may have transferred millions of pounds from expat pensions to their own … Read more