Contact

News & Insights

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

City watchdog to probe pension freedom rip-offs

The Financial Conduct Authority (FCA) has launched the investigation amid concerns that savers are in danger of being ripped off when they cash in their pensions. Insurers are to be probed by the City regulator over fears they are offering poor deals to savers who take advantage of new pension freedoms to dip into their nest eggs.

As you are probably aware from previous articles, new rules were introduced last year to allow savers to cash in their pension pots to spend as they like, rather than turning them into an annuity to pay for an income for life.  Reportedly, fears are growing that many customers are choosing the first pension their insurer offers them and risk missing out on the best deals. Findings suggest that in the final quarter of last year, 53 per cent of savers who chose to dip into their pensions stuck with the same insurer, while 57 per cent of those who signed up for an annuity didn’t move elsewhere.

Read More

UK Workers Unprepared for Retirement Compared to Europeans

With the cost of living crisis worsening in the UK, many workers are concerned about the future as well as the present as the pressure of rising interest rates and the prospect of a recession makes it increasingly difficult to put money aside for retirement.  However, when compared with the population of mainland Europe, it […]

Read More

Select your country

Please select your country of residence so we can provide you with the most relevant information: