UK may have to pay £50 billion into the EU pension fund. About 60% of the votes from the UK to leave the EU are pensioners, and it is the pensions they rely on which will be the hardest hit. The combined deficits of all U.K. defined-benefit pension schemes, normally employer-sponsored and promising a specified monthly payment…
Cyprus gives tax breaks to lure expat home buyers. The new draw for pastures new on the Island of Cyprus is an array of government incentives. Instant residency, half price title deeds, tax breaks for property owners and a chance to obtain a European Union passport. Last summer Cyprus passed legislation that allowed anybody who spends…
Overseas buyers mortgage enquiries have risen 50% since the Brexit vote. International property investors are expected to flood the UK and take advantage of favourable buying conditions by snapping up a wide range of homes across the country, according to a new report. The demand increase from buyers abroad is to be expected, with Sterling…
As time passes since the Brexit vote, the more plausible it becomes that the UK may never actually leave the European Union. Leaving the EU is difficult, and the consequences are potentially economically damaging, that it may be easier for prime minister Theresa May’s government to endlessly delay the process rather than to actually leave. Morgan…
Britan’s Most Valuable Tech Firm’s £24.3 Billion Takeover in Jeopardy What seemed to be the biggest major takeover of a UK company since leaving the European Union by the Japanese internet firm Softbank Group has been placed into doubt. The deal for the largest tech firm in the UK, Arm Holdings for £24.3 billion (29…
Using Home to Fund Retirement is a “Delusion” says former Minister Steve Webb, Britain’s former Pensions Minister, has stated that planning to downsize your home to secure a retirement income is a “delusion”, according to the BBC. He said that the 3 million British people who are relying on their homes for retirement are in for…
Weak Pound Attracts Overseas Investors “like Bees to a Honey Pot” With the weak pound tumbling after the Brexit vote, Sterling has attracted serious investors throughout the world to dig deep and make substantial returns. Financial analysts predict a saving of 10% which will enable foreign investors to save 100,000 on a 1 million pound house…
If you are returning to the UK after being resident overseas, there are things you can do to make your move as seamless and tax-efficient as possible. There are many reasons why you may be considering a move back to the UK after living overseas. It could be part of your retirement plan or you…
Expats throughout Europe are panicking in the aftermath of the EU referendum result, the Brexit vote is in but the political fall-out is far from settling for expats who now have uncertain status within their adoptive countries they call home. The only certainty is Great Britan will leave the EU, when, how, and what new…
In the aftermath of the UK leaving the EU there are a few key questions expats throughout Europe are seeking answers to. One of the main worries expats have is their entitlement to continue living in their adoptive country. There is no reason to panic just yet as the vote will not affect your residency status or your current…