Archive for the ‘International Movers’ Category

British and American retirees move for lower cost of living

Thursday, September 16th, 2010

Many American and British retirees are moving to countries with a lower cost of living according to a recent study by Aon Consulting.

At present the US State Department has estimated that around 4 million Americans currently live abroad, with 25 per cent of those expats estimated to be retired.

2009 saw nearly 150,000 British people move abroad last year, with a survey by NatWest Bank discovering that 70 per cent of British people who have moved abroad are happy and plan on staying.

“Retiring abroad is still very much a popular choice and expats are happy with their chosen life paths,” stated Dave Isley, from NatWest International Personal Banking. “It’s encouraging to see that the majority of expats believe they made the right decision in retiring abroad and are living their chosen dream.”

Panama, an expatriate retirement haven, was ranked as the second best place to retire in Central America in InternationalLiving.com’s 2010 Index of the World’s 25 Best Retirement Destinations. There are a plethora of reasons to why people retire there, from the availability of flights to and from Panama, government benefits for retirees, real estate investment value as well as a warm climate create a fantastic and highly attractive lifestyle for retirees looking for a relaxing and easy life during their golden years.

If you are looking to move abroad and need to consider an overseas removalscompany to help you safely ship your personal belongings then you need to consider Robinsons removals today. The dedicated removals company allows you place your trust in our hands to ensure that your personal belongings arrive safely to your new destination.

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55 per cent tax demand leaves British expats in fury

Tuesday, September 14th, 2010
Thousands of British expats have been left fuming after a Qualifying Recognised Overseas Pension Scheme (QROPS) was branded with not meeting the set criteria forcing British expats to pay 55 tax charges.

Investors into the pension scheme are left dumbfounded after HMRC stated that the Beazley Consulting Pension Scheme qualified as as a QROPS then later suggested that it didn’t.

British expats are looking set to fork out 40 per cent of the amount they transferred to the Hong Kong based scheme and a 15 per cent surcharge on top.

HMRC have stated that they will waiver the 15 per cent surcharge if each investor can state that they believed they were putting their money into a genuine QROP scheme.

Based on an individual basis, the taxman will look at whether investors can appeal against the unauthorised 40 per cent payment charge.

Legal firm, DLA Piper, has been brought in to act upon behalf of Beazley, have stated that the correct advice was sought when the scheme was set up. “The Beazley Consulting Pension Scheme was set up in 2007. At the time Hong Kong lawyers advised that the scheme met HMRC’s criteria to qualify as a QROP Scheme in the UK,” it said in a statement.

“Appropriate legal advice was taken in Hong Kong before Beazley Consulting submitted its application to HMRC and HMRC accepted that the scheme met its relevant criteria. Some 18 months later, after taking its own advice, HMRC decided that the regulations to which the scheme was subject did not meet its criteria and that the scheme no longer qualified as QROPS.

“This decision also affected other similar schemes. Since then Beazley Consulting has been working closely with HMRC to resolve the issue and has advised members of the best way forward.”

If you are looking for advice and information on an overseas move, speak to Robinsons removals today.

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Tips to moving overseas

Monday, September 13th, 2010

If you are considering a move abroad, then you need to carefully plan and prepare for the big day as there are a lot of stresses involved with an international move.

To give you a helping hand, here at Robinsons we have listed a few things you need to consider when moving abroad and what is involved with a big overseas move.

Firstly you need to consider:

  1. Making sure you have a job to move straight into when you move abroad.
  2. Whether you are considering buying a property or whether you are looking to rent first.
  3. Do you understand the language? Make sure that you know and understand the basics so you can get by.
  4. It’s a good idea to visit the place a few times before you move abroad. So you get a feel for the place and know which area you want to live in.
  5. The climate in your new country and whether you can live with it long term.
  6. Your family situation and how it will affect you being away from them over long periods of time.
  7. A removals company that you can trust. You need to locate an international removals company that you can rely on.
  8. Locating schools, doctors, dentists, etc before you consider a move abroad.

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