Contact

News & Insights

Student Finance Court Ruling A Boon to Expats

The case focused on the rights of expats to claim a type of fee assistance called “student finance”. Not only does student finance provide a loan on favourable terms, it also reduces the overall fee burden from the standard “university tuition fee” to the less demanding “statutory tuition fee”. This has the potential to save expat students and their families as much as several tens of thousands of Euros per year.

Who is Eligible for Student Finance?

Any person who is either an EU/EEA/Swiss citizen or a direct family member is entitled to receive student finance. Permanent residence holder permits and refugees are also eligible.

The judge hearing the case at Amsterdam District Court ruled that the law preventing expats from claiming student finance violated European Convention on Human Rights non-discrimination law stemming from the European Convention on Human Rights because it allowed student finance for some independent residence permit holders, but not others, without providing any clear explanation as to why.

The Dutch Minister of Education may still apply to the Central Court of Appeal in Utrecht in order to contest the decision. However, this must be completed before the end of the month or the District Court’s ruling will prove binding.

Talk to Blacktower Today

If you would like help structuring your wealth and building a long-term strategy for your finances, including education fee planning and retirement strategies, talk to Blacktower’s expat financial advisers in the Netherlands today.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

French QROPS can help protect from currency fluctuations

Given the financial and political situation in Britain and Europe right now it is likely that more and more British people will look to move their pensions out of Britain, with a QROPS in France possibly the most popular potential option.

Over recent weeks the value of Sterling has taken a significant plunge resulting in significant rises in living costs for those reliant on the currency for most or all of their spending needs.

Inevitably, this means that many have had to reconsider their wealth management and financial planning strategies. Against this backdrop it is easy to see why experts are predicting a spike in the numbers of people taking advantage of a .

Read More

Retirees embracing life in new ways

There are very few life changes as profound as those that come with retiring. Increasingly, science is making clear what many retirees know already: that a fulfilling and long retirement is invariably a busy retirement. You might retire from your working age career, but the best way to enjoy your sunset years is to keep active, whether it is playing sport, creating art, being part of a community or having a “second career phase”.

Of course, in order to have an empowered retirement it is necessary that you make the right financial choices and if you are a UK expat in France, chances are that a QROPS will form part of your plan. Not only will your lifestyle change, but your spending habits will also follow suit.

Read More

Select your country

Please select your country of residence so we can provide you with the most relevant information: