Pension problems 'forcing expats home'

Problems with pensions are forcing many expatriates to return to the UK, it has been suggested.

Danny Butterfield, an ex-builder, told the Daily Telegraph that many UK expats are leaving countries like Spain because inflation and foreign exchange issues mean that their pensions are no longer sufficient to live abroad.

Mr Butterfield, who now runs a pet relocator business, told the news source that his firm was thriving as people chose to turn tail and move home.

People who own properties abroad may want to consider making an international money transfer through a foreign exchange broker in order to move the proceeds of their property's sale back to Britain.

Mr Butterfield said: "I would say 80 per cent of my customers are expats moving back to the UK from Spain. What was once a dream move has, for many, turned into a nightmare.

"People say that their pensions no longer go far enough out there."

Click here to make an International Money transfer to the UK

Posted by Chris Barber