NatWest finds expats are 'financially better off'

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NatWest finds expats are 'financially better off'

Fri 28th Mar 2008

New research from NatWest has revealed that many expatriate professionals have benefited financially from making the move abroad.

It found that the average wage for Brits working abroad is £67,000, compared to their UK salary of £47,000.

Overall, the British expats surveyed reported a 43 per cent increase to their salaries as a result of relocating overseas.

The United Arab Emirates (UAE) came top of expatriate wealth ranking table, with professionals earning an average of £79,000 a year.

However, the UAE also has high living costs so those questioned reported being in a similar financial position to when they were working in Britian.

In Spain, Italy and Portugal however, expats can expect to earn higher wages but also enjoy lower living costs, leaving them with more money in their pocket at the end of the month.

Consequently, 90 per cent of those surveyed considered themselves to be financially better off than they were in the UK.

David Isley, head of NatWest international personal banking, said: "The wage packets of expats are very encouraging for people who are looking to move abroad."

A recent study from the Fair Investment Company found that 44 per cent of first-time buyers would consider buying their initial propety abroad, in order to help them get on the housing ladder.

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