bulletEDITOR'S PICKS

 

Pension flexibility extended but advice restricted to FCA regulated firms

From Retirement Jul 21 2014 @ 16:46

Increased flexibility on pensions announced in the UK Budget earlier this year will be extended...
view article

HMRC tax avoidance proposals receive Royal Assent

From Tax & Regulation Jul 21 2014 @ 04:00

Proposals by HM Revenue & Customs to crack down on tax avoidance have now received Royal Assent.
view article


bulletRELATED ARTICLES

 

bulletNEWS

 

LATEST NEWS

RDR compliant reports creating wealth manager headache

RDR compliant reports creating wealth manager headacheProducing RDR compliant investment reports for clients is a major concern for the...
view article

HK investors to increase Asian allocation...

From Asia Jul 22 2014 @ 15:09

Ex-JPM Cazenove chairman fined £450k by FCA

From United Kingdom Jul 22 2014 @ 14:23

MORE FROM United Kingdom

LATEST NEWS

Singapore to regulate ‘non-conventional’ products to safeguard investors

Singapore to regulate ‘non-conventional’ products to safeguard investorsThe Monetary Authority of Singapore has announced a set of measures to offer...
view article

Fines weigh heavy on Credit Suisse earnings

From United Kingdom Jul 22 2014 @ 11:45

IA ANALYSIS: FATCA is stranger than fiction

From Tax & Regulation Jul 22 2014 @ 10:38

MORE FROM Asia

LATEST NEWS

Skandia targets Asian HNW’s with JLT partnership and universal life

Skandia targets Asian HNW’s with JLT partnership and universal lifeSkandia International is targeting high net worth Asian investors in a two-pronged...
view article

Kearney leaves amid Aberdeen multi-asset...

From People Jul 22 2014 @ 10:00

Pension flexibility extended but advice...

From Retirement Jul 21 2014 @ 16:46

MORE FROM Asia



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...