British expatriates have plenty of ways to save, say investment experts
04/08/09 18:33
Brits moving abroad have a number of ways they can minimise the expense of relocation, say overseas wealth experts Shelter Offshore.
Before leaving, they could ask for a mortgage payment holiday so as to not face mortgages on properties in two countries, or move to an interest only deal.
If it is rental property they are moving to then by proving their reliability with references and negotiating costs up front, expatriates will also be better off, says the company.
"If you’re considering buying a property abroad take time getting to know the lay of the land – both literally and metaphorically."
Free services such as internet telephone calls will also reduce outgoings for those all important family chats.
Expatriates commonly turn to international health insurance to provide them the specific covered appropriate for their country of choice.
Furthermore, by speaking to an expatriate financial adviser to see how best they can structure their financial affairs, they could also benefit from further tax free benefits.
The government has recently established protocols with governments in New Zealand and Poland to prevent expatriates paying tax twice.
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