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Expats urged to consider financial matters

Article Date : Tuesday, May 06, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

People who are thinking of relocating to Spain have been urged to consider various financial issues such as tax.

According to ShelterOffshore.com, this is essential for expatriates who wish to at least maintain the quality of life they are used to.

The online portal stated that expatriates need to work out what their tax liability and outgoings will be.

This, it said, means they will be able to budget for their move to the sun and see whether they can avoid compromising on their living standards.

ShelterOffshore.com remarked: "Determine if you can afford to retire to Spain and reside in the manner to which you would like to become accustomed."

The website added that Spain is currently very popular with expatriates from the UK, especially older people who want to spend their retirement in sunny climes.

This comes after a recent poll of expatriates by NatWest revealed that the vast majority believe they are financially better off now that they live abroad.
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