People thinking of moving to Australia are being advised to open a bank account before they arrive and arrange expat medical insurance to take care of any unexpected health-related costs, the Telegraph reports.
The country attracts thousands of expats, with 56,000 British expatriates moving there in 2008, the paper said.
Australia was recently voted the best country in which to bring up children of expatriates, with 78 per cent of children there spending more time outside than before they moved abroad and 68 per cent playing more sport.
The Offshore Offspring survey, commissioned by HSBC, looked at the health, well-being and integration of foreign-born children living in six countries.
The Telegraph advised those thinking of moving to Australia to look closely at their finances before making the decision. Currency fluctuation could mean that expats are at the mercy of exchange rates, so setting a fixed currency exchange rate ahead of their moving date could solve this problem.
Expatriates are also advised by the paper to take out international health insurance. Medicare, the Australian public healthcare system, could cover some of the cost of private healthcare but expats should be aware that there may be a financial gap to plug.
Men over 55 and women over 51 are not covered by Medicare, nor are retirees who are temporary residents, so older expats could look at taking out a medical plan.
Expatriate Healthcare specialise in providing international health insurance. Make sure you’re protected.