Working Abroad Boosts Salary
Published / Last Updated on 04/05/2008
Working Abroad Boosts Salary
According to research by NatWest International Personal Banking, British expats opting to work abroad earn £67,000 compared with a UK average of £47,000. Expats could see a 43 per cent increase on their current salary if they relocate abroad. The survey revealed that 90 per cent of expats consider themselves to be better off in financial terms as a result of living abroad.
The United Arab Emirates has the highest wealth ranking, with expats earning £79,000 a year on average. More than 90 per cent of respondents in Spain, New Zealand and Norway say living costs are lower than in the UK.
Our view
It stands to reason that certain states that have low and zero tax rates will allow you to earn more than in the UK. There are many positives and negatives to moving or working abroad. You should take professional advice from our expatriate specialists before making such a decision.
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