Lifeline for recession-hit expats?
A new book clearly explaining the rights of Tenerife residents could be just
the ticket for recession-hit expats...
Expatriate British and Irish residents in Tenerife may be more likely to feel
the recession pinch than other residents on the island.
Both retired and working residents are particularly vulnerable to a combination
of factors brought about by this recession and according to Tenerife Lifeline,
a lack of information has made dealing with these problems even worse.
Wide-ranging effects
A weak pound has substantially reduced any income that may have come from the
UK, which has directly affected many retired residents claiming a pension as
thousand are lost in currency transfers to Tenerife.
An increasing number of remote workers who have settled in Tenerife, earning
money from the UK and Ireland, have been equally affected.
The effects of recession may be hitting expats in Tenerife hard, but it is made
worse because many British and Irish residents are unaware of how the Spanish
system works and how to benefit from it.
Practical guide
Assumption and misinformation are rife, but many people are deterred from
getting professional advice because of the cost. An increasing number of residents have
discovered Tenerife Lifeline, a book written in English that answers all
these questions.
The book clearly explains expat rights in all aspects of life, from employment,
health to mortgages, credit and tax, and is relevant whether you own a
business, work for one or you are retired.
The book is very practical, showing you how to go about getting what you are
entitled to. Available from shops all
around the island, this invaluable guide is helping more and more of Tenerife's
expats through the recession.
www.tenerifelifeline.com