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An expatriate 'should check their finances'

It is important for people to look at the financial cost of moving abroad before becoming an expatriate, according to Alliance and Leicester International Limited (ALIL).

Simon Ripton, joint managing director of ALIL, said that people should think about not only the physical cost of moving abroad, but also the financial stability of the economy of the country they want to become an expatriate in.

"There are a number of very important considerations that will be central to how your new life abroad pans out. The most important is which destination you choose," he said.

Mr Ripton went on to say that an expatriate should have the right bank account that suits their needs in order to make the most of their finances while they are living abroad.

"Look at getting the right account that suits your needs, and provides you with great returns. That means you can also take a little bit of Britain with you," he added.

Research by ALIL revealed that experiencing better weather is the best thing about living abroad for 57 per cent of expatriates.

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