British Expats Earn More After Moving Abroad

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Pryce Warner International Group advise that the British workers overseas overwhelmingly report that they earn more after moving.

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there's plenty of work available to those willing to travel to get it, and it is much better paid as well

Pryce Warner International Group – As reported by Expatica, recent research from Lloyds TSB International shows that 68% of British expats working abroad earn more than they did in the UK.

This also comes with the revelation that the amount of British citizens moving abroad for work has crept up since this time last year. In February 2012 27% of people moving abroad did so for work, now 30% of new expats left the UK for work.

The improved salaries and lower cost of living meant that 79% of expats reported they now feel better off financially after moving abroad.

Despite the improved financial situation abroad, many expats stated that they would have liked more transition services from their company as part of the move (47%), more investment advice (37%) and more advice on pensions (33%).

David Retikin, Director of Operations at Pryce Warner International Group: “This research shows with stark clarity that not only is there plenty of work available to those willing to travel to get it, but that it is much better paid as well. The fact that the vast majority of expats are reporting that they are more financially secure and better paid overseas speaks volumes of the virtues of taking a chance on moving abroad. However, the fact that roughly 30% of expats feel they are under-informed when moving abroad is cause for concern. Companies moving people abroad need to very carefully ensure that they give expats as much information as possible and help them setting up their financial arrangements when moving abroad. There is always a lot to do at once when re-loacting and expats almost always need some help doing it.”

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Aneil Fatania
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