Expats issued money transfer tips

UK emigrants have been issued tips on how to ensure their new lives abroad run smoothly.

Speaking to the Guardian, Mike Hardaker, founder of website Angloinfo.com, recently offered advice on relocating overseas.

For example, expats are encouraged to safeguard themselves against fluctuating foreign exchange rates by making international payments using more stable currencies, such as euros.

"I lived for six years in South Africa, and the exchange rate fluctuated by about 40 per cent over that period," commented Mr Hardaker.

Britons can also protect their finances by investigating the taxes levied by their new countries, as some authorities require duty to be paid on assets.

In addition, UK emigrants have been warned that if they are not contributing to UK taxes their Individual Savings Account will not accept money transfers and alternative schemes are recommended.

Meanwhile, comparison portal travelsupermarket.com recently explained that the strengthening pound is likely to see more Britons travelling to the continent.

Click here to make an International Money Transfer.

By John Mills.