Do I Pay UK National Insurance Overseas?

Money Shot by Andi Sidwell

One concern for many considering leaving the uk is what might happen if they fall ill, or lose their job. In Britain we pay social security contributions to cover such scenarios, but do you still need to pay National Insurance overseas? Britain’s welfare system is highly regarded. We pay a percentage of our monthly income… [Continue Reading]

The Basics of International Banking

Two International Finance Centre, Hong Kong http://www.flickr.com/photos/9119782@N07/

Offshore banking is considered a dirty term by many in the UK, often associated with shady millionaires, caribbean islands and tax evasion. But by its most basic definition, it just means using a bank in a country other than your own. For anyone planning to leave the UK to work abroad, understanding the basics of… [Continue Reading]

5 Reasons You Won’t Save Money Abroad

Beware of online temptations when working abroad

Many people choose to leave the UK to work abroad with the intent of saving money. Perhaps it’s saving towards a deposit on a house, or to pay off debts. Although a higher income and/or lower cost of living might sound simple, you must bear other factors in mind. 1 – Travel Costs So you’ve… [Continue Reading]