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The ‘wheres’ and the whys of UK expats in Europe

Among the most surprisingly popular destinations are Czech Republic, Slovakia and Finland (each of these countries is home to 5,000 or more UK expats).

Why do expats become expats?

You could be forgiven for thinking that migration is only a recent trend – one that reflects the “increasingly globalised world we live in”. However, although you would be right in assuming that the rate of migration has increased in recent years, the fact remains that humans have been migrating ever since our ancestors left the savannahs of Africa around two million years ago.

In reality, it is just much easier to achieve nowadays – the benefits of modern transport, the internet and expert expat financial advice are all pretty obvious.

And yet, it still takes imagination, as well as no small amount of gumption, to move from one’s country of birth to a place which may have only been visited for a few annual holidays. After all, it is so often easier to simply stick with the environment and lifestyle you know. MoveHub, a company specialising in helping expats make the move, analysed more than 180,000 of their customers’ experiences and discovered that the following were the major reasons people cite for deciding to embrace the expat life:

  • Better quality of life
  • Career progression
  • Economic pressure
  • Family ties
  • Lifestyle change
  • Politics
  • Wanderlust

Making the most of your brave new world

Whatever your motives, if you’re in it for the long-term and want to be assured of the best possible chance of future financial security for both you and your loved ones, the best way to achieve this is to receive expert expat financial advice.

So whatever the next few weeks, months and years bring in terms of whether the UK stays in the EU, Blacktower will remain by your side with all the most pertinent international financial advice that is right for you.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Expats Mount Fresh Referendum Challenge

EU FlagBritish expats in Spain, France, and Italy are behind a legal challenge submitted to the High Court in London calling on the result of the 2016 referendum to be invalidated.

Those behind the legal action argue that the outcome should not stand as it has now been proven that the Leave campaign broke the Electoral Commission’s rules on campaign spending.

The “UK in EU Challenge” group states its belief that two major campaign groups — BeLeave and Vote Leave – conducted their campaigns unlawfully, preventing the possibility of a free and fair vote.

Read More

Private Pension – Options Explained by Keith Littlewood, International Financial Adviser Costa Blanca

Many people have pension pots just sitting, not really doing anything, but at every stage in life it is very important that you should keep track of your retirement provision.

If you are in your 30s or 40s look closely to what provision you have and what you might need in the future. State Benefits are not going to kick in for you until you are 67.

If you are in your 50s then this is a very critical period. One bad investment year can affect the income you receive for the rest of your life, so make sure you are looking at setting your investments up in a balanced way so that no unforeseen disasters can hurt you – this is called ‘Life Styling your Pension Pot’.

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