Expat Money Newsletter - March 2020

Welcome to Expat Network’s Money Newsletter.

This month’s newsletter features retirement abroad. Retirement abroad to enjoy a better climate and a different lifestyle has long been popular. We carried out a survey to find out the main motivations and concerns of those considering retirement abroad as well as the experiences of those who have already retired abroad. Here we set out the results.

For Brits considering retiring abroad to Europe the Brexit transition period offers a final opportunity to retire and lock in the current residency rights. We set out what will happen during the transition period in 2020 and what we know about the arrangements after the end of the year.

We are holding a Retire Abroad Roadshow at Epsom Racecourse on 4th July to help anyone planning to retire abroad and set out the issues that need to be considered.

The Expat Network Team

expats@expatnetwork.com

What Are People’s Motivations And Concerns When Planning Their Retirement Abroad?

Expat Network has carried out a survey into the plans of those considering retiring abroad as well as the experiences of those who have already retired abroad. What are the main motivations for their decision to retire abroad, how are they financing it and what do they plan to do about property?

Retire Abroad Roadshow

Expat Network is holding a Retire Abroad Roadshow on 4th July at Epsom Racecourse.

If you are considering retiring to Europe over the next few years the Brexit transition period may be the best time to do it or to prepare for your future retirement. As most people are aware, under the Withdrawal Agreement anyone who has established their legal residence in an EU country before the end of the year will be able to remain with the same rights. What many do not notice is that provided you have moved before the end of the year you have until the end of June 2021 to submit their application for residence.

This event will provide a step by step guide to what you need to do to retire abroad: from choosing the target destination and looking at various property options, to funding the move and discussing practicalities. A specialist group of companies have been selected to cover the full process, including foreign exchange, wealth management, financial planning, legal, property purchase, home rentals, relocation, international mortgages and health care.

Find out more and register for the event by following this link.

How A Lifetime Of Financial Rights In The EU Can Be Locked In Now

While the Brexit transition period offers some certainty for 2020, the clock is ticking for UK expats and those wishing to move to the EU to lock in protections for residence, healthcare and pensions. Jason Porter of Blevins Franks sets out what changed for British expats on 31st January, what the Withdrawal Agreements says about residency, healthcare and pensions and what will happen after the end of the transition period.

I Want to Retire To Spain – Should I Make the Move Now?

As The UK’s exit from the EU has finally takes place attention switches to the final deal. There has been much talk about trade deals, but for those planning to retire to EU countries the arrangements for expat retirees is a prime concern. What do we know now and what is likely to happen?

Non-Lucrative Visa: A Good Option For Those Retiring To Spain

Spain’s Non-Lucrative Residence Visa is an option for non-EU citizens who would like to retire in the country as well as those non-EU citizens who would like to live in the country but work remotely from Spain. It can also be an option for those who would like to spend a year in Spain without working before obtaining a work permit. As the name implies it is about non-EU citizens who have the financial means to support themselves in the country without working and any accompanying family.

It should also be an option for Brits looking to retire or live in Spain after the end of the Brexit transition period if more favourable terms are not negotiated.

Top Tips For Managing Currency Risks When Retiring Abroad

Retiring to a life overseas, comes with many important considerations, not least of all how to manage the exchange and international transfer of your money, be it accumulated savings or ongoing income.

Tom Arnold of Currency Index says that there are various options open to you in terms of the organisation you decide to use, be it your bank, a currency broker or an online platform, and each have their perceived advantages and disadvantages. But irrespective of the mechanism you decide to use, the most important considerations are how to manage currency risk and your international payments.

Your Free Guide To Living In Spain

Spain is a country rich in heritage with beautiful scenery, bustling cities, wild coastlines and sunny island outposts. No wonder it is the most popular destination for expats planning to retire abroad as well as for people planning to invest in a second home. Whether you are planning to retire, buy a second home, take up a temporary visa to work, set up a business in Spain, there are many issues to address before you go. Make the transition work better with this free-to-download, full-colour guide. Your Guide To Living In Spain provides you with guidance on the issues you will need to address as you plan your move.

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