Infographic: Are you losing money living abroad? - Offshore savings - News | moneyfacts.co.uk

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Infographic: Are you losing money living abroad?

Infographic: Are you losing money living abroad?

Category: Offshore savings

Updated: 23/10/2013
First Published: 23/10/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Due to the falling strength of the pound, British expats living abroad who claim UK state pension have lost out on over £10.6 billion in income since 2007, according to leading foreign exchange specialist HiFX.

The research, published by HiFX, analysed the top 13 countries where some 2 million British expat pensioners live and receive the state pension, finding that the value of their monthly payments has significantly dropped in value.

For more information on 'why pensioners abroad are losing money' check out HiFX explained infographic below:

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