Infographic: Are you losing money living abroad? - Offshore savings - News - Moneyfacts


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

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 It is now over 6 months old so the content may be out of date.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:

Click here to enlarge image

Embed this infographic on your site:

What Next?

Transfer money quickly, easily, securely 24 hours a day, seven days a week

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

International money transfer – points to remember

International money transfer can be vital to the success of your work or home life abroad, but if you don’t go about it the right way, you could spend far more than you need to. So, we’ve outlined a few points to remember.

How to be savings savvy as an expat

If you’ve decided to take the plunge and start a new life abroad, there’s one key thing you need to do – make sure your finances are in order.

Expats suffering from low savings rates

If you thought savings rates onshore were bad, spare a thought for expats living elsewhere – because their rates are even worse.