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If our last blog post didn’t convince you to stay in the glorious UK and appreciate all that’s great about it – here are a few things to take into consideration before you make that jump and move overseas.

Pensions

Needless to say, a move abroad will affect the rights you probably take for granted as a UK citizen.

You’ll still be entitled to your state pension if you move abroad, but it will only be subject to yearly increases if you move to a European Economic Area, or a country that has a special agreement with the UK.

If you’re planning on building a pension abroad, your rights will vary from country to country.

More information on pensions when moving abroad is available here.

Health

Moving abroad may mean sacrificing your entitlement to free health care. Many countries have no national healthcare service at all, while those that do may operate it in a very different way.

Ensure to research the healthcare in your chosen country: what’s available and are you entitled to it? If you will need private healthcare, are you able to afford it?

Home

While your initial instinct might be to sell your home in the UK, consider renting it instead. This means that should the grass not be greener abroad, a return to the life you had before is quick and painless.

However: you will need to inform your mortgage lender and insurance providers that the property is now being rented out. You’ll also need to find a trustworthy letting agent to deal with any problems while you’re overseas.

It’s also a good idea to provide the Land Registry with your new address since empty or rented properties can be targeted by fraudsters.

You will also need to notify the council, your bank and your utility companies of your move and should contact the Post Office about mail forwarding. If you have children, you’ll need to tell their school and local education authority when they will be leaving.

Your New Home

Buying a home abroad takes careful consideration. As well as the obvious pitfall of language barriers, many countries have strict laws regarding immigration and it’s not uncommon for scammers abroad to target foreigners wishing to move.

It’s also a good idea to avoid buying an unfinished property. Many Briton’s have been left with an unfinished and unsellable properties without windows or doors on a derelict estate. Buying in an established area should protect you from such eventualities.

Thank you to FreeDigitalPhotos.net for the image.