Moving abroad 'is all about planning'

Tuesday February 24th , 2009

Beginning a new life abroad is "all about planning", it has been claimed.

According to the Independent, people hoping to escape the cold weather and economic gloom of Britain should begin their preparations by tying up their financial affairs as soon as possible.

Those who will be regularly transferring smaller amounts of money in different currencies should consider a specialist account such as a local euro-denominated current account to reduce transfer and exchange costs.

People should also take the time to research possible financial advantages they may be entitled to, such as maternity leave, sick pay and winter fuel allowances for pensioners.

However, the newspaper advises taking into account the cost of visas, private healthcare and schooling.

British expats in Tenerife can now seek advice on how to get through the recession, thanks to a new book.

Tenerife Lifeline, written in English, has been produced to help expats struggling under the weight of the weak pound.
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