Our newest book, by two authors who have spent many years as expats themselves, is Living and Working Abroad. This title is less technical than some of our books, being aimed more at the individual expat and at companies employing individuals to go and work abroad.
The book has been described as “a library of factual detail” by an expat working in Papua New Guinea. And a retired couple living in New Zealand have suggested that it should be “almost mandatory reading” for anyone contemplating an overseas posting.
Examples of the issues addressed include the following:
- If I am going to work abroad for the first time, why are the details of my employment contract crucial?
- What are the tax and other financial considerations if I sell my UK property, let it out or simply keep it free for my use when visiting home?
- My salary package may seem amazing or frankly disappointing, but with huge variations in living costs, what will the reality be?
- What schooling options may there be for my family, and at what cost and with what pros and cons?
- Should my spouse/partner and I have separate or joint bank accounts, or both? What are the implications?
- Will my spouse be allowed to work in the new country? If not, what will he or she do all day long?
- Will I pay tax in the UK or my new host country or both, and what will the effects be on my overall tax liability and on the timing of that liability?
- What important considerations are there with regard to avoiding HMRC penalties when I am overseas?
- What will happen in the event of a crisis (pandemic, civil war, terrorism, etc.). Who will help me repatriate my family?
- Do I need a foreign will in my new country of residence? How will that interact with my UK will (if I have one)?
- What effect will living abroad have on my eventual entitlement to the UK state pension? And what about my lifetime allowance restriction?
- Should I have an offshore trust? What will it achieve?