Anyone planning on
moving abroad needs to do some financial research before they
go, one expert believes.
Dave Isley, head of
NatWest International
Personal Banking, warned that would-be ex-pats need to make
sure they will have enough
money to live off, be it
cash they have in saving
accounts and investments or other forms of
income .
He said: You should be well researched to know that
you're going to a place you can afford to live in, not just for
a couple of years, but if you're taking a long-term view,
you've got to be comfortable there for the rest of your
life.
Mr Isley added that anyone who was planning on living
abroad could benefit from moving their money offshore.
Doing so would offer them
tax related benefits for money kept in
savings accounts and other forms of investment, he
concluded.
A recent study by NatWest found that 90 per cent of people who have
moved abroad feel they are now financially better off.
