The best countries for international study
As an expat and parent, one of the most important aspects of your wealth management is bound to be expat education fee planning. You will naturally want the best for your children and investing in their futures could well be at the top of your financial priorities. Receiving proper financial advice can help you maximise your savings so your children, or even grandchildren, can have the educational future they want.
If your son or daughter is interested in moving abroad to study or if you're a family who is planning to move overseas soon, you're also likely to be interested in what various destinations have to offer in terms of education and how accommodating they are to international students. And there's arguably nothing better to give you an accurate idea of the quality of international education than the annual rankings released by Study.EU.
The overall rankings judged the higher education systems of European countries based on three categories: affordable cost (which combined the average tuition fees and cost of living and accounted for 30% of the overall ranking), education (45%), and life and career prospects (25%).
The biggest saving regret? Not starting sooner
"Non, je ne regrette rien".
Expats in France may be able to translate this famous song title to "No, I regret nothing," which is ideally what every saver wants to be able to say as they reach the end of their expat retirement planning period and look forward to moving abroad to their own personal paradise.
But not everyone has the initiative to stay on top of their pension pot, and it might be interesting for the younger generation to hear what older workers and retirees have to say about their pension saving experiences and what they would do differently if they could turn back the clock.
With this in mind, research recently released by Aegon, which asked pension savers about which decisions regarding their pensions they regretted the most, could prove very useful and serve as a firm reminder of why sufficient retirement planning isn't something to leave until the eleventh hour.
Motivation for moving What are your reasons?
Recently released research from AXA Global Healthcare has given a better idea of how living and working abroad has been of value to professional men and women.
The study, which was exclusively focused on people who'd moved as a result of work assignments, aimed to discover how taking on international roles impacted upon life.
Focusing on men and women separately, the results showed that 43 per cent of male respondents believed their international assignments had increased their value to employers by enabling to become regional experts.
Overall, 51 per cent of men felt that shifting their job overseas accelerated their career development, making this is a top benefit for professionals. Of female respondents 39 per cent, said the same.
The cost of care as an expat
Because many UK expats will still have friends and family living back in the UK, it's common for them to make frequent trips back and forth between their previous home country and their chosen destination, especially during holidays such as Easter and Christmas.
This arrangement works nicely for many expats, allowing them to enjoy the best of both worlds as they set up a new life in an new location while still being able to retain a taste of home. But it's not without complication, and it is wise for all expats moving between countries to understand their rights regarding healthcare in every place they visit. Otherwise, they may be left to face the financial consequences if their health take an unexpected turn.