bulletEDITOR'S PICKS

 

Licensed providers and brokers named by UAE regulator

From Middle East Oct 20 2014 @ 12:44

The UAE Insurance Authority has published, for the first time, a full list of companies...
view article

Gibraltar set to open first stock exchange next month

From Europe Oct 14 2014 @ 16:05

Gibraltar is to open its first stock exchange next month, having received approval from the...
view article


bulletRELATED ARTICLES

 

bulletNEWS

 

LATEST NEWS

North Asia builds a dividend culture

North Asia builds a dividend cultureRecent government policies in Japan and Korea are creating potential dividend...
view article

Avoidance investors must ‘carefully consider...

From Tax & Regulation Oct 20 2014 @ 16:53

Guernsey Finance appoints new chief executive

From United Kingdom Oct 20 2014 @ 14:52

MORE FROM Asia

LATEST NEWS

Axa IM launches HY US bond fund

Axa IM launches HY US bond fundAxa Investment Managers has announced the launch of the Axa WF US Dynamic High...
view article

Licensed providers and brokers named by UAE...

From Middle East Oct 20 2014 @ 12:44

Franklin Templeton goes international with...

From Products Oct 20 2014 @ 12:36

MORE FROM Products

LATEST NEWS

Thousands of Standard Chartered UAE accounts closed

Thousands of Standard Chartered UAE accounts closedSmall and medium enterprise customers in the UAE have been told by Standard...
view article

IFIA signs pact with Chinese association

From Asia Oct 20 2014 @ 03:00

Tax gap widens to £34bn

From Tax & Regulation Oct 17 2014 @ 13:03

MORE FROM Middle East



Simon Danaher

More than five million Brits now live abroad – one fifth in Australia

From News May 22 2012 BY: Simon Danaher , Online Editor , International Adviser

Add to My News Comments (1)

Add to My News Print

Add to My News

add to twitter

add to linkedin


There are almost five million British expatriates living and working abroad, according to research from NatWest International, more than a fifth of which are based in Australia.

The figures come from NatWest International Personal Banking’s fifth annual quality of life index and reveal that, while Spain is also a highly popular destination for Brits, with 940,000 estimated to be living there, Australia has a staggering 1.4 million population of Brits. Meanwhile, the US comes in a close third, with 794,000 resident Brits.

The rise in the number of expatriates choosing Australia as their preferred destination has been steady since it overtook New Zealand in July 2010. Canada meanwhile, which was in the second spot in 2010, has now been superseded by both Spain and the US, although those living in Canada were recently revealed to be the happiest.

In the second release from this year’s survey, NatWest International highlights the importance of the prevalence of the English language in business, saying it is now an “industrial tool as common as the screwdriver”.

NatWest also suggests that British expatriates have become unofficial ambassadors of the UK, “shaping the global knowledge economy by promoting values to their host countries”.

“Either by design or accident, British expats are our ambassadors abroad and are playing a pivotal role in promoting values and best practices,” said Dave Isley, head of NatWest International Personal Banking.

“Their contribution to local economies and communities -- either financially or socially -- cannot be underestimated.

“The common glue is the English language which has proved to be a vital tool and has played a leading role in the globalised world. It has provided a common platform for international drive; driven global collaboration and thinking; and opened the doors to opportunities around the world.”

Add to My News Comments (1)

Add to My News Print

Add to My News

add to twitter

add to linkedin


COMMENTS


Have your say

Have your say!

Please sign in or register here to leave a comment. Registration is free and only takes a few moments.

clive walford

Opinion Former

Posted by clive walford
OPINION FORMER
on May 25 2012 @ 03:57


Of the five million British expatriates living and working abroad, 1.2 are UK State pensioners. Roughly half get their full UK State Pension living in for example the EU or the USA , Barbados or Croatia. (approx. 50 countries), the other half have their UK State Pension frozen to that when they moved to one of 120 odd countries such as Australia, Canada, Thailand, Indonesia, India, Burma, and the Falklands.
All paid the same N.I. contributions and income tax whilst living and working in the UK. So why are they not paid out as equally as they paid in? 554,000 UK pensioners on frozen pensions of anything up to 40 years out of date!
One Pensioner in Australia receives £6.20 a week! It should be £ 107.45.
Most frozen pensioners STILL PAY UK INCOME TAX on state and occupational pensions. They also save the UK government £billions by not claiming other benefits or using the National Health Services.
I am sure that most readers of this article are shocked at the figures for the 100 year old. A 90 year old does not get half of his paid for pension.
NatWest financial experts would, I am sure, after examining the cost savings against cost outlay for the frozen and unfrozen pensioners would agree that with further migration from the UK the un-freezing of pensions would further increase the Governments savings on overseas pensions.
1) Perhaps NatWest would like to support the frozen pensioners by proving it from the figures available from the Government and from the International Consortium of British Pensioners, (ICBP).
2) Would all those 5 million working or living overseas also like to support those frozen pensioners by signing the e-petition to get this discrimination at least discussed in Parliament. Just spend 5 minutes going to the following web site and sign the e-petition. http://bit.ly/BritPensions
3) Whether you are young or perhaps getting closer to retirement this could affect you if you decide to retire in Australia or one of those other frozen countries. Signing wont cost you a thing, but if you don’t it may cost you thousands if you do move overseas in the future!





Share us on Twitter

SHARE US ON TWITTER
Join the community

Join us on Linked In

SHARE ON LINKED IN
Inform your colleagues

Switch to our mobile site

SWITCH TO MOBILE SITE
News on the go

Back tot he top of the page

BACK TO TOP OF PAGE
Just click here...