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Considering move to Dubai
Have been offered a package including healthcare of 50k AED per month to emigrate from the UK. The salary does not include accommodation nor schooling - i have a wife and two kids.Would the salary be enough and would the quality of schools be as good as the UK?
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Re: Considering move to Dubai
Depends on your UK salary really. AED 50k/month equates to approx GBP 125k/year. If you're earning near that (say over GBP 100k) in UK, I'd stay put. If it's a big jump in salary, then it's worth considering.
Salary would certainly be enough for a 3/4 bedroom property in a nice area. If you can put your wife to work, even better. Quality of schools varies, they're all private for-profit schools and the best ones tend to be on the very expensive side. An averagely-priced school is probably not the same quality as an average UK public school. As a rough guide, you could budget AED 160k/year for a house, AED 24k/year for utility bills, AED 140k/year for school fees for 2 kids, AED 60k/year for 2 cars. That's AED 32k/month. That leaves you AED 18k/month (plus whatever your wife earns - if anything) to cover food/outings/holidays/savings, which is around GBP 3,800. Plus you can always find somewhere cheaper to live, cheaper schools, cheaper cars, and end up with more money in your pocket. |
Re: Considering move to Dubai
As has been said before - no one actually ''emigrates'' to Dubai.
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Re: Considering move to Dubai
Originally Posted by Sabi Star
(Post 12558790)
As has been said before - no one actually ''emigrates'' to Dubai.
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Re: Considering move to Dubai
Originally Posted by Gavtek
(Post 12558724)
Depends on your UK salary really. AED 50k/month equates to approx GBP 125k/year. If you're earning near that (say over GBP 100k) in UK, I'd stay put. If it's a big jump in salary, then it's worth considering.
Salary would certainly be enough for a 3/4 bedroom property in a nice area. If you can put your wife to work, even better. Quality of schools varies, they're all private for-profit schools and the best ones tend to be on the very expensive side. An averagely-priced school is probably not the same quality as an average UK public school. As a rough guide, you could budget AED 160k/year for a house, AED 24k/year for utility bills, AED 140k/year for school fees for 2 kids, AED 60k/year for 2 cars. That's AED 32k/month. That leaves you AED 18k/month (plus whatever your wife earns - if anything) to cover food/outings/holidays/savings, which is around GBP 3,800. Plus you can always find somewhere cheaper to live, cheaper schools, cheaper cars, and end up with more money in your pocket. |
Re: Considering move to Dubai
Originally Posted by abzman
(Post 12558842)
Thanks. Not sure i understand the context, Apologies I am new here
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Re: Considering move to Dubai
I'd say a AED 50k deal is not enough for a family of 4, especially if you are giving up a secure job in the UK.
Hidden costs to factor in your calculation are... UK Income Tax and NI liability on your worldwide earnings, until you are confirmed UK Non-resident (6th April 2020 at the very earliest, but can be backdated to when you left the UK, if you meet set criteria) Class 3 NI contributions for you and the wife, if you both want a UK pension when you retire Private pension contributions x2, unless you want to survive on the UK State Pension Non-earning time as you mobilise and demobilise Sickness/ unemployment insurance Family flights back to the UK, for visits, plus a UK rental car Mobilisation/ demobilisation costs, especially home furnishing Money transfer costs, to move your savings somewhere safe Exchange rate fluctuations, you could easily take a 20% effective salary cut if the GBP strengthens against the USD Job insecurity, you will have none, and no rights. You could find yourself out of work, unemployable and back in the UK virtually overnight. Worth remembering that the typical expat spends a year or two at most in the Middle East then moves on. There are reasons for that... |
Re: Considering move to Dubai
Originally Posted by Gavtek
(Post 12558724)
Depends on your UK salary really. AED 50k/month equates to approx GBP 125k/year. If you're earning near that (say over GBP 100k) in UK, I'd stay put. If it's a big jump in salary, then it's worth considering.
Salary would certainly be enough for a 3/4 bedroom property in a nice area. If you can put your wife to work, even better. Quality of schools varies, they're all private for-profit schools and the best ones tend to be on the very expensive side. An averagely-priced school is probably not the same quality as an average UK public school. As a rough guide, you could budget AED 160k/year for a house, AED 24k/year for utility bills, AED 140k/year for school fees for 2 kids, AED 60k/year for 2 cars. That's AED 32k/month. That leaves you AED 18k/month (plus whatever your wife earns - if anything) to cover food/outings/holidays/savings, which is around GBP 3,800. Plus you can always find somewhere cheaper to live, cheaper schools, cheaper cars, and end up with more money in your pocket.
Originally Posted by Johnnyboy11
(Post 12559088)
I'd say a AED 50k deal is not enough for a family of 4, especially if you are giving up a secure job in the UK.
Hidden costs to factor in your calculation are... UK Income Tax and NI liability on your worldwide earnings, until you are confirmed UK Non-resident (6th April 2020 at the very earliest, but can be backdated to when you left the UK, if you meet set criteria) Class 3 NI contributions for you and the wife, if you both want a UK pension when you retire Private pension contributions x2, unless you want to survive on the UK State Pension Non-earning time as you mobilise and demobilise Sickness/ unemployment insurance Family flights back to the UK, for visits, plus a UK rental car Mobilisation/ demobilisation costs, especially home furnishing Money transfer costs, to move your savings somewhere safe Exchange rate fluctuations, you could easily take a 20% effective salary cut if the GBP strengthens against the USD Job insecurity, you will have none, and no rights. You could find yourself out of work, unemployable and back in the UK virtually overnight. Worth remembering that the typical expat spends a year or two at most in the Middle East then moves on. There are reasons for that... |
Re: Considering move to Dubai
Originally Posted by Johnnyboy11
(Post 12559088)
Worth remembering that the typical expat spends a year or two at most in the Middle East then moves on. There are reasons for that...
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Re: Considering move to Dubai
Originally Posted by Gavtek
(Post 12558724)
Quality of schools varies, they're all private for-profit schools and the best ones tend to be on the very expensive side.
Price doesn't always = quality, you could have the one shit teacher in the gold-plated school for example. Lots of good schools but the costs can be alarming.
Originally Posted by abzman
(Post 12558843)
Thanks for the insights, schools are key for me, the uplift is better than my current take home savings. Is the quality of life good in Dubai?
Schooling is phenomenal on the whole for the opportunities that kids get compared to the UK....especially around sport.
Originally Posted by Johnnyboy11
(Post 12559088)
I'd say a AED 50k deal is not enough for a family of 4, especially if you are giving up a secure job in the UK.
Hidden costs to factor in your calculation are... UK Income Tax and NI liability on your worldwide earnings, until you are confirmed UK Non-resident (6th April 2020 at the very earliest, but can be backdated to when you left the UK, if you meet set criteria) Class 3 NI contributions for you and the wife, if you both want a UK pension when you retire Private pension contributions x2, unless you want to survive on the UK State Pension Non-earning time as you mobilise and demobilise Sickness/ unemployment insurance Family flights back to the UK, for visits, plus a UK rental car Mobilisation/ demobilisation costs, especially home furnishing Money transfer costs, to move your savings somewhere safe Exchange rate fluctuations, you could easily take a 20% effective salary cut if the GBP strengthens against the USD Job insecurity, you will have none, and no rights. You could find yourself out of work, unemployable and back in the UK virtually overnight. Worth remembering that the typical expat spends a year or two at most in the Middle East then moves on. There are reasons for that... |
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