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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

Term Life Insurance, a Priority for the Expat in Germany

Life insurance formLiving in Germany brings a few challenges for the expat. Not only do you have to negotiate the language and the culture you also have to get to grips with the German insurance system, which to anyone whose experience of insurance has largely been confined to the UK can seem incredibly complicated.

Yet, once you overcome your unfamiliarity, and get your head around the innumerable syllables of all the various “komposita” involved, you may be able to take advantage of the system so that it works in your best interests. Finding an expat wealth management specialist who has familiarity with the system and the products on offer is likely to be part of the solution to finding the cover that is best suited to your needs.

For example, finding risikolebensversicherung (term life insurance) is about securing cover for all of life’s eventualities so that your family and other dependents are properly looked after in the event you die before they do.

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NEWS WRAP – Eco Investment Scammers Given Prison Sentences

The Old BaileyIncreasing numbers of investors are motivated to put their money into ethically and ecologically minded investments. This is undoubtedly an admirable aim, however, investors who fail to take adequate international financial advice risk becoming vulnerable to scammers looking to prey on their good intentions.

This fact has recently been underlined with the conviction and sentencing of five men for their operation of a multi-million pound fraudulent eco-investment scheme; a scheme which has been described by HM Revenue & Customs as one of the largest of its kind to be carried out in the UK.

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