May 27, 2016
Whether you’ve found a new job or are simply looking to make an entirely new life for yourself and your family, moving abroad can be a hectic and time consuming process. There is a great deal to consider, whether it be the potential language barrier, sorting out your new doctor and working out whether you qualify for a UK state pension – we have saved you time and effort by putting all this information into one handy guide.
CAREFULLY PLAN YOUR MOVE
Starting with the very basics, even though the idea of moving abroad is an exciting prospect, it’s all too easy to get caught up in all the excitement of the plan and overlook many important aspects of the move itself. Make sure you carry out plenty of research about your destination. Learn about the customs and the local laws that may apply to you and try to familiarise yourself with the area you are looking to move to.
CONSIDER YOUR PROPERTY
If you own a property (or other premises in the UK), it’s important to take these assets into consideration before you move. If you intend to sell, make sure you have your deal finalised before you move. This will save a lot of stress later. If you haven’t yet sold your property, then a quick house sale from Property Rescue might just be your best option for a quick injection of cash.
There are many financial aspects one must consider before making a permanent move to another country. A common mistake that many people make when they move abroad is to underestimate the cost of living and other financial requirements. Of course it’s important to notify any relevant tax authorities of your intentions to move and to discover other potential taxes, such as how Capital Gains Tax will affect you. But more importantly look into exchange rates provided by a forex broker and the inflation rate and the impact they could have on your savings, earnings and income when you arrive at your new home abroad.
DON’T LEAVE WITHOUT SAYING GOODBYE
It’s important that you notify all the relevant governing bodies in the UK of your move. Aside from HM Revenue and Customs there are other departments and people you will need to inform. If you have children you will need to advise the schools of your departure, as you will your local GP. Furthermore, if you have any pets you will need to get them microchipped and immunised against Rabies and other diseases before they arrive in the new country. You will need to allow at least 21 days for this process and after that you will need to work out transport arrangements to make sure your animal companion doesn’t have a traumatic journey.
CONSIDER YOUR CAR
Finally, if you plan to drive in your new home country, you will need to make sure you have a valid license to do so. If you are staying within Europe your UK license should be fine, but outside of the European Union you will need to apply for an international driving permit.