Planning your move.
To make the most out of your life abroad, asking some big questions before you go about how you intend to maintain your links to the UK will be time well spent. Thinking about the practicalities and logistics will help ensure that your move abroad whether for career, personal development or lifestyle reasons works out well for you.
Planning exactly how you will keep in touch with family and friends and how often you plan to see them is just the start. Budgeting for the costs of staying in touch will give you a feel for what might be involved. Who’s paying for the flights home, for example, you or your new employer? You’ll also want to ensure you keep a grip on other practical financial matters such as how a move abroad might affect your tax status, whether you can claim benefits or even draw a pension.
If you own property in the UK and intend on letting it out whilst abroad, working out how you will manage this – either by yourself or through a property agency – is also vital.
It’s also worth establishing exactly what your relationship with the mother country will be. And, if you’re going for good, will you retain your rights as a British citizen? And how might this affect your tax position where you end up living? Continue reading “Guidance for your move abroad”