French Property News - Finance In France: Retirement

Finance in France: Retirement - French Property News

Finance in France: Retirement French Property News, UK - 5 hours ago Almost a third of overseas homebuyers have retirement in mind when they purchase abroad and with around a million Britons already drawing their state ...

Finance in France: Retirement - French Property News
Alongside a yearly budget plan it makes great sense to have an emergency reserve of cash within the plan to cover unexpected costs. Also, any financial plan for an overseas retirement should include a realistic calculation of the costs of running your new property i.e. By thinking about the serious issues in advance you can avoid the common pitfalls and enjoy every penny and every moment of what you have worked so hard to earn. Creating a yearly plan of unavoidable outgoing costs and taking the time to shop around for the best deals can potentially save hundreds of valuable euros. France does have a double taxation agreement with a number of other countries, including EU member states, so that tax paid in one country acts as a credit in the other.You will also need to investigate your pension arrangements before moving to France. France however, has traditionally been considered an expensive place to move, so what are the best ways to ensure that your dream doesn’t become a strain? In my experience, people tend to get carried away with the dream and overlook a number of cost factors when they are budgeting for a retirement overseas. Is there likely to be service costs?Regardless of where you retire, and although it may sound unromantic, retiring overseas is not only about tasting fine wines and strolling through orangeries. It should be stressed that anyone thinking seriously of retiring to France will do well to consult a professional dealing in taxation and property issues beforehand. Of course, if you are planning on spending the majority of your time in France you will need to make regular payments, such as your pension, to your French bank account in order to cover your living expenses. With the net-value of pensions becoming an increasing concern for over-50s and as a result of the continued UK property boom, many UK retirees are considered ‘asset rich, cash poor’.

Economic Times - Weak Pound Shifts Brits’ Holiday Spots

Weak pound shifts Brits’ holiday spots - Economic Times

Weak pound shifts Brits’ holiday spots Economic Times, India - Jun 30, 2008 As the summer holiday season begins, sterling’s frailty coupled with a rise in airfares due to soaring oil prices are changing Britons’ holiday plans in ...

Weak pound shifts Brits’ holiday spots - Economic Times
A weak currency makes travel abroadpainful, as tourists receive less when they exchange their money in many places.Travellers from the UK are already shelling out for fuel surcharges, as oilprices have nearly tripled in the last 18 months. As the summer holiday season begins, sterling’sfrailty coupled with a rise in airfares due to soaring oil prices are changingBritons’ holiday plans in Europe –– by far their most popularplayground. Awaiting his flight at London’s City Airportearlier this month, Bentley said the weak pound was making it hard to travel inthe euro zone. But whileholiday mainstays like France and Italy –– euro zone countries whosesingle currency hovers near a record high against sterling –– remaina magnet for UK tourists, cheaper European destinations outside the euro zoneare gaining in popularity. That figure is easily double the 23.6 million Europeans who holidayed inthe UK during the same period, suggesting Britons for now at least remain keento flock to Europe. The United States is also gaining inpopularity because of a weak dollar, even though it is much further away. Thepound has been pummelled by a slowing UK economy as a struggling housing marketweighs on consumer confidence and growth. Turkish figures show UKarrivals to the country rose nearly 10% in May from the same month last year,having climbed 17% since January. WithBritain’s summer shaping up cold, wet and expensive, there is not muchsign of a big shift to stay-at-home tourism: visits to Europe by UK residents inthe year through to April slipped only by 1% to 55.2 million, official datashow.

Today's Zaman - Turkey Moves Up In Briton's Travel Map

Turkey moves up in Briton's travel map - Today's Zaman

Turkey moves up in Briton's travel map Today's Zaman, Turkey - Jun 30, 2008 Destinations outside the euro zone which are mid-haul rather than long-haul, such as Turkey and Bulgaria, are on the up. Turkish figures show UK arrivals to ...

Turkey moves up in Briton's travel map - Today's Zaman
Destinations outside the euro zone which are mid-haul rather than long-haul, such as Turkey and Bulgaria, are on the up. Travel website Expedia says it has seen a rise in popularity for eastern European countries that do not use the euro among UK customers, as sterling is not as weak against their currencies this year as it is against the euro. Turkish figures show UK arrivals to the country rose nearly 10 percent in May from the same month last year, having climbed 17 percent since January. While holiday mainstays like France and Italy -- euro zone countries whose single currency hovers near a record high against sterling -- remain a magnet for UK tourists, cheaper European destinations outside the euro zone such as Turkey are gaining in popularity.