{"id":18326,"date":"2016-07-02T13:01:01","date_gmt":"2016-07-02T06:01:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/falling-pound-hits-british-pensioners-living-overseas\/"},"modified":"2016-07-02T13:18:16","modified_gmt":"2016-07-02T06:18:16","slug":"falling-pound-hits-british-pensioners-living-overseas","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/falling-pound-hits-british-pensioners-living-overseas\/","title":{"rendered":"Falling pound hits British pensioners living overseas"},"content":{"rendered":"


\nSome retirees could be forced to return to the UK after the dramatic drop in the value of sterling after Brexit voteThe dramatic fall in the value of sterling has dealt a heavy blow to hundreds of thousands of older Britons living abroad who depend on a UK pension. If the pound doesn\u2019t recover its losses, they will suffer a major hit in purchasing power, which may force some to return home. Earlier this week, UK pensioners living in the US, Australia and Canada were in effect 8 to 10% worse off, though the pound later regained some ground.John Markham, 83, who moved to Canada more than 30 years ago, gets a UK basic state pension of \u00a3260 a month, which he receives in Canadian dollars after it is converted from sterling. On the day of the referendum his pension payment would have been C$488, but by Friday this week the figure stood at C$451 \u2013 a near-8% fall. If he had been living in the US, Australia or Spain and in receipt of the local currency, the fall would have been 9.3%, 8% and 7.5% respectively. Continue reading…
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\nSource : theguardian.com
\nRead more…Falling pound hits British pensioners living overseas<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Some retirees could be forced to return to the UK after the dramatic drop in...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-18326","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4LA","jetpack-related-posts":[{"id":94665,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-pensioners-income-growth-outstrips-wage-rises-figures-suggest\/","url_meta":{"origin":18326,"position":0},"title":"UK pensioners' income growth outstrips wage rises, figures suggest","date":"July 25, 2018","format":false,"excerpt":"\r Median disposable income of retired households increased by 1.4%, according to ONSBritain\u2019s pensioners enjoyed a faster rate of growth in their disposable incomes last year than working-age adults after guaranteed state pension increases outstripped wage rises, according to official estimates.The median disposable income for retired households increased by \u00a3300\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1540,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensioners-lose-out-as-boost-for-delaying-state-pension-slashed\/","url_meta":{"origin":18326,"position":1},"title":"Pensioners lose out as boost for delaying state pension slashed","date":"July 26, 2014","format":false,"excerpt":"\r The government is to almost halve the rate for deferring state pension \u2013 from 10.4% a year to 5.8%The financial boost older people can enjoy by delaying taking their state pension is being slashed almost by half, it emerged this week.The move means some future pensioners who decide to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130702,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pound-sterling-bailey-bank-of-england-ftse-100-bond-yield-gilts-gdp-uk-economy\/","url_meta":{"origin":18326,"position":2},"title":"Pound sterling Bailey Bank of England FTSE 100 bond yield gilts GDP UK economy","date":"October 12, 2022","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Pound sterling Bailey Bank of England FTSE 100 bond yield gilts GDP UK economy","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7066,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-sweeping-pension-shake-up-that-could-leave-you-with-nothing-at-all\/","url_meta":{"origin":18326,"position":3},"title":"The sweeping pension shake-up that could leave you with nothing at all","date":"March 7, 2016","format":false,"excerpt":"\r A new system to be introduced next month is supposed to be simpler and fairer. But many are in for a nasty retirement surpriseA major overhaul of the state pension system that comes into effect on 6 April will mean thousands of people who do not have enough national\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130377,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/exchange-bureaus-offer-85-cents-for-one-pound-sterling\/","url_meta":{"origin":18326,"position":4},"title":"Exchange bureaus offer 85 cents for one pound sterling","date":"September 27, 2022","format":false,"excerpt":"\r British pound continues slump after UK mini budget\r \r Source : arabianbusiness.com\r Read more...Exchange bureaus offer 85 cents for one pound sterling","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/09\/sterling-pound-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":73333,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/scandal-of-a-hidden-tax-rule-that-punishes-widows-on-a-pension\/","url_meta":{"origin":18326,"position":5},"title":"Scandal of a hidden tax rule that punishes widows on a pension","date":"May 10, 2008","format":false,"excerpt":"\r Jeanne Brown's tax bill soared when her husband died. As she tells Tony Levene, this age-related penalty is a policy that 'stinks'While the furore over the abolition of the 10p tax rate refuses to die down, a largely forgotten group of pensioners has been hit with losing 30p in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/18326"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=18326"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/18326\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=18326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=18326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=18326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}