Brits feel financial pressure when moving abroad

The importance of writing a will has been made before moving abroad are highlighted in a new survey.

According to the Post Office, two-thirds of Brits who move overseas experience financial pressures, which may include problems with accounts and making sure their assets are properly secured.

Many of those who do move abroad are at the stage where writing a will becomes important, with retirement the second-biggest reason for moving overseas.

The wide-ranging survey of expats' experiences also shows that people in the south-east are the most likely to go and live in another country.

Sarah Munro from the Post Office said: "With the global recession impacting interest rates and the performance of the pound on the currency market, relocation doesn't always mean immunity to ongoing financial strain."

It comes after NS&I reported that many people are failing to talk about financial planning issues like writing a will because they feel too embarrassed.

The savings group also noted that it can be hard to get family members together to discuss writing a will, which is another problem for anyone moving overseas permanently.

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Published on: March 10, 2011

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