It is less than a year since Bahrain was named the top destination in the world for expatriates in a global survey that also listed Oman and the UAE among the top 30 global destinations.
The number of Britons retiring abroad increased 26 per cent over the past decade. In order to save the Treasury an estimated £3bn over five years, expatriates in countries including Australia, Canada, New Zealand and South Africa will miss out on as much as £50,000 over the course of...
Every six months financial adviser Bestinvest publishes its list of “dog” funds that have slumped down the performance tables. The latest report contains howlers from some of the biggest investment groups: Invesco Perpetual gets a good kicking for five funds worth £15bn with woeful returns, while Aberdeen Standard has...
Extensive analysis conducted over twelve years by financial advisory consultancy; Hoxton Capital Management has found the average pension pot of over-65s living abroad has reached £210,000.
However, the company’s analysis has also identified that in volatile years, currency market fluctuations removed as much as...
Dubai: A study by UAE-based financial advisory Hoxton Capital Management has revealed that around 85 per cent of expats based in the Middle East are not saving for their retirement, Saudi Gazette reported.
The research found that 22% of expats surveyed reach the end of the month with no money left to save. Another 27% save less than five percent of their monthly salary and 13%said they only put aside between six percent and 20%.
Brits working for oil and gas companies in the Middle East are among those most at risk of incurring additional tax for putting aside more money for their retirement than the current lifetime allowance permits.
Up to two thirds of UK expats living in the Gulf could be unknowingly breaching pensions tax regulations, according to Hoxton Capital Management.
Around two-thirds of under-30s have claimed they would prefer to spend money on travelling, rather than saving for their first home, according to research from Hoxton Capital Management.