Could international money transfers benefit high earners?

Recent research has revealed that a large proportion of expatriates in certain countries are making and saving significant amounts of money.

The HSBC Expat Explorer survey found that Qatar was the number one nation for expats who want to save and invest more than they could in the UK.

International money transfers could prove useful for people on short-term work contracts who want to invest or save their money back home in the UK.

Commenting on the financial opportunities available overseas, expatriate advice website Shelter Offshore said: "You don’t have to sit idly by and watch your work life going nowhere whilst your savings earn less than inflation-proofing interest rates.

"There are strong, exciting, well-paid and positive opportunities for you, your wealth and your future out there."

The survey also revealed that Russia is a good short-term base for expats to intensively save their often high income.

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Posted by Sarah Pitton