Expats 'were unhappy at home'

Article Date : 14 February 2008

Britons who have moved to overseas property have highlighted their reasons for choosing to leave the country.

Research by Alliance & Leicester found that the weather was a key motivation for 40 per cent of expatriates, while one in five people said they left because they were worried about rising crime.

Meanwhile, financial matters were also found to a concern among many, with 33 per cent citing taxes as their main reason for leaving home.

Despite this, Alliance & Leicester International found that many people were failing to manage their money as well as they possibly could, overlooking matters such as putting funds into offshore accounts and adjusting their tax to fit their new country of residence.

Simon Hull, managing director of the firm, said: "Ensuring your finances are best placed to make the most of your new life should be a key factor when it comes to planning your move."

He added that "more and more" people from the UK were opting to leave the country, for reasons such as wanting to work abroad or retire to a sunny location.

According to a recent poll by NatWest, nine out of ten British expatriates are financially better off since moving abroad.

Expats 'were unhappy at home'

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