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Those who are looking to move abroad to avoid top tax rates should be aware that there are many other important considerations other than the fiscal regime of a chosen country.
In an article for the Guardian’s Comment is Free, a City trader writing under the name The Spoon claimed that while there are fears that higher taxes will lead to a brain drain, those who are considering flying the coop may come to regret their actions unless they research destinations carefully.
The trader explained that high-quality schools should be a key factor for parents considering a move overseas, while political and economic stability should also be a prime consideration.
He added: "The cost of moving is an immediate concern and while properties in Spain are cheap even with the euro soaring, Switzerland and Monaco still maintain a premium on property value."
For those who are considering a move abroad, Shelter Offshore encouraged researching expat medical insurance carefully, as going with the broker’s option may not offer the optimum level of cover.
Moving abroad? Get a free quote for your international medical insurance online.
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Expatriate Group & Expatriate Healthcare are trading styles of Strategic Insurance Services Limited who is authorised and regulated by the Financial Conduct Authority (FCA). FCA Firm reference Number is 307133. Strategic Insurance Services Limited is authorised to carry on Regulated Activities in accordance with the permissions granted by the FCA under PART IV of the Financial Services and Markets ACT 2000.