New analysis from the financial firm covers current accounts for UK workers planning to live overseas.
Current accounts can provide emigrating Britons with a financial quandary, analysis from Alliance and Leicester International (ALIL) indicated today.
The current account provider said that several factors must be taken into consideration when choosing an account once abroad. ALIL's new comments come in the wake of research from the firm, showing that emigrating is a big concern for many Britons.
Having conducted a poll of expats, the current account provider found that 51 percent miss their family and that 21 percent have difficulties with learning the language. However, 56 percent feel that they enjoy a better "quality of life" abroad and 53 percent have found a preferable standard of living.
Simon Ripton, joint managing director of ALIL, said: "One essential part of life [for an expat] is making sure you make the most of your finances while you are abroad and looking at getting the right account that suits your needs and provides you with great returns."
He added: "You should also look at the financial cost of moving, not only the physical cost of moving, but also the financial stability of the economy of the country that you are looking at including employment opportunities."
