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Planning ahead using a simple and disciplined
approach will help ease the stress of the move and ensure that both
your life and career get off to a flying start.
Your expatriate checklist:
Questions to ask your employer:
How long is the contract and is there a chance it might be extended? Does the contract of employment cover the posting overseas?
Will you help with relocation costs and accommodation costs for me and my family?
Do you provide any financial help towards my children’s overseas education?
Will you provide information or classes in the language and culture of my new country in advance of my departure?
What medical insurance cover is offered as a package with the job?
Will you help with finding me a job when I return?
Financial questions to consider before leaving:
Does the salary on offer take full account of living costs in your
destination country and cover any problems in converting local currency
back to sterling?
In what currency will your salary be paid? If you salary is to be
paid in local currency, how stable is the economy of your new country
of residence?
Will you receive financial help towards regular flights back home? How many times can you return?
Will your employer contribute to your pension while you are overseas and how will that affect your tax position?
What will you do with your property in the UK – tell your mortgage lender if you are going to let it out.
How are you going to run your finances? A good offshore bank will
include a current account, savings account and debit or credit card.
You may also be able to access specialist financial help with tax and
pensions via your offshore bank.
For further information on offshore banking call + 44 (0)1534 885000 or log onto www.abbeyinternational.com
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