 British expatriates are finding themselves left out in the cold when it
comes to opening or retaining a UK bank account. Despite the fact many
Brits leave the country for work with every intention of returning back
home at some point, the Know Your Customer (KYC) anti-money laundering
regulations are leaving expats baffled and frustrated when it comes to
establishing their rights to a UK bank account. A new financial website for expats has launched a campaign to challenge the current banking regulations
and calls on the government and regulators to bring clarity and
consistency to this vital area of expat money management.
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 But as film stars and wealthy oligarchs have sought to make Britain
their new home in recent years, native Britons are fleeing the islands
in unprecedented numbers. The number of emigrants has soared by 70% in
the last 10 years and on average nearly 700 Britons are leaving the
Scepter’d Isle each day in search of a better quality of life.
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 The main benefits of a QROPS transfer are obviously the tax benefits.
These benefits can save individuals who transfer into a QROPS in a tax
free jurisdiction such as Guernsey sometimes 50% if the pension is
large and they are in the top bracket. Obviously the absolute dollar
amount of these savings grows as the size of the pension moves one up
in tax brackets and the charges drop in percentage terms.
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 A budget focused on tax rises and spending cuts brings with it a mix of fortunes for British Expatriates. No change to the QROPS rules and the announcement that Government will
end the effective requirement for members of registered pension schemes
to purchase an annuity by age 75 with effect from 2011 - 2012 are
positive.
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 We started our second emigration journey in about August 2005. Our
first one had been to New Zealand in 1996, where my wife is from
originally. Suffice it to say that it was not successful, we found New
Zealand to be so expensive with such low wages that living there was
not financially sustainable, and we returned to the UK after 18 months.
We did see, however, that there was an opportunity to have a good
lifestyle if you could cope financially. We never considered Australia
at the time.
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 British expatriates move to America for a number of reasons, to pursue
higher education and employment opportunities, but many soon move back
home again, disillusioned with their American experience. If you are
about to move to America, what should you know so that you can you
settle in more quickly and easily?
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 Firstly you need to decide what is important to you about your move,
are you making your decision purely on price or are there other factors
to consider? For example the time it takes your things to get there,
how they plan to protect your special items, someone who can take the
stress away from you, their choice of destination agent or additional
services that can be bundled?
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