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Did you know...?
... Telefonica are NOT the only service provider of Telephone Lines, Internet Access or Mobile Phones?
Tumbit recommends Telitec Communications. Find out how Telitec Communications can help you here!
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- USD weekly currency update- 27 May 2016
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- QROPS 2014
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- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
Could equity release be the answer for expats who have lost their savings in the recession?
Expats are having to cut back on their spending as a result of the recession, new figures have shown.
This could inspire expats over 55 who may still own a propety in the UK to seek equity release in order to see how the value of their home could offer them a welcome boost to their income.
According to the latest Retirement Nation survey by MGM Advantage, more than three-quarters of the expats say their spending habits have been affected by the economic downturn.
The study also showed that one-third has cut back on essentials like gas and electricity.
Craig Fazzini-Jones, director of the organisation, said: "While it is understandable that we should all be tightening our financial belts, it is wrong that more than six million people over 55 years have had to cut back on essential services such as gas and electricity.
"As we move out of recession, there is a real chance of higher inflation, which will in turn increase pressures on household income, particular those who are retired."
Expats aged over 55 years who may still own a property in the the UK and who are concerned about the level of income they will receive in retirement can find out how the value of their property could offer them a tax-free cash boost by consulting with a reputable scheme provider.
Latest News & Stories
- Facebook and Microsoft to install “megacable” between Spain and US
- Vodafone Spain to start offering Telefonica indirect fibre
- Spain arrests 30 suspected of laundering money in bitcoin centres
- Passenger flight dodges three drones before landing in Bilbao
- Almost 30% of Spaniards at risk of poverty or social exclusion
- Spain tops euro zone for political risk to the economy, says ECB
- 30 arrests in Spain for pay-TV piracy
- Spain's centre-right PP to strengthen position in election - poll
- Popular Party faces freeze on assets if it fails to pay €1.2m civil bond
- Spain trade deficit falls 10.6% in March y/y
- Lifetime Loans & Equity Release
- When you can’t pay the Mortgage
- Claiming a Spanish or UK Pension in Spain
- Claiming Spanish Benefits in Spain
- Claiming UK Benefits in Spain