Defining Qualifying Recognised Overseas Pension Schemes, analysing their potential benefits and the considerations you need to take before you apply to transfer your pension offshore
People living in Middle Eastern countries who retain savings accounts in the UK may wish to transfer some money back home given the current economic climate.
According to Maktoob Business, exchange rates have meant that salaries in this part of the world will have jumped by up to ten per cent this year.
The changes were attributed to the Greek monetary crisis and developments in UK parliament.
Pradeep Unni, a spokesperson for Dubai’s Richcomm Global Services, said that further uncertainty is likely.
"The markets will be volatile. There will be enough hiccups on the way that can cause further decline [in the value of the euro and the pound]," he added.
However, Mr Unni advised people seeking to benefit from the exchange rates to transfer money to the UK soon in case of fluctuations later this summer
It was revealed today (May 17th 2010) that the euro has fallen to a four-year low against the dollar.
Written by Jamie Musk
The second part of our close up review of Belize and what you can expect if you move to live, work or retire to this beautiful Central American country.
Savings account holders have received positive news about the employment market in the US, which may benefit anyone emigrating there in the near future.
It was announced this week by the country’s Labor Department that private sector business increased hiring by 4.8 per cent, the highest increase in 14 months.
Meanwhile, the total number of people taken on for new jobs was 4.24 million, the largest number since January 2009.
It was also found that workers are now more willing to quit the jobs they have, as confidence has increased regarding ability to find new vacancies.
In March 2010, gross hiring exceeded projected figures by 226,000.
This comes after it was revealed by the Commerce Department that imports are still exceeding exports in the US, a sign that consumer demand is increasing following the global economic downturn.
The trade deficit increased to $40.4 billion in March, a rise of 2.5 per cent.
Written by Tom Britten
Online savings account holders may be interested to hear that New Zealand could be a good place to relocate to, as its economy is currently in a very positive state.
According to Shelter Offshore, the country is now out of recession and is experiencing "unprecedented" demand for workers, which the website said "bodes well" for anyone hoping to emigrate there.
"It’s a country that mainly allocates residency visas to in-demand skilled workers from abroad," the website pointed out.
Furthermore, there is likely to be a relatively good choice of affordable housing outside the towns and cities, although Shelter Offshore urges anyone buying to ensure there is adequate insulation to cope with the cold winters.
Finally, the advice portal cites figures from Bloomberg which show that unemployment is now at only six per cent in New Zealand, below the expected level of 7.3 per cent.
Earlier this month, Quotable Value reported that New Zealand’s house prices have increased by 6.1 per cent since last year.
Written by Jamie Musk
The first part of our a to z guide all about elements and aspects of living in Belize – so that a would-be expatriate can get to know the lay of the land before deciding upon relocation
Is it any cheaper to go and live in Ireland now that their property bubble has burst and the recession has bitten? We look at the cost of living and inflation in Ireland today.
A complete and absolutely essential guide to keeping your marriage or relationship alive when you move abroad and face the inevitable pressures of expatriate life from money worries to potential infidelities for example
A comprehensive guide to the laws and rules in the UAE that expatriates need to know all about before they move to live and work in Dubai – from drugs to drink driving from non-married couples living together to public displays of affection.
Apparently up to 75% of Britons have thought about moving abroad, with Australia the most popular destination – here we look at whether relocation Down Under is still so favourable and even possible in the face of the ongoing global economic mess