Five tips for a successful move abroad
Visit where you plan to live. You may have loved somewhere on a holiday but is it actually a suitable place for you to live? Will you be able to find work?
2. Medical clearance
Sort out any medical checks required at an early stage - you don't want your move to be held up because of some obscure medical hiccup.
Leave plenty of time to arrange your visa. This can take up to a year in some countries, including Australia.
4. Sort finances
Get your finances in order before you leave. Think about setting up new bank accounts and how you will manage any UK commitments such as a mortgage. An offshore account can be a tax-efficient home for savings and investments.
5. Expert advice
Take advice from an expatriate tax adviser such as the Fry Group (01903 231545) to protect your savings and investments.
The practice of locating your financial affairs (banking, savings, investments) in a country other than the one you’re a citizen of, usually a low-tax jurisdiction. The appeal of offshore is it offers the potential for tax efficiency, the convenience of easy international access and a safe haven for your money. However, offshore is governed by complex, ever-changing rules (such as 2005’s European Union Savings Directive) and, as such, is the exclusive province of the wealthy and high-net-worth individuals.