International money transfers could help young workers

International money transfers could prove useful for young people considering moving abroad.

A recent survey conducted by Aviva has revealed that 55 per cent of UK workers aged between 18 and 30 would consider living aborad on a non-permanent basis.

However, with currency exchange rates not in favour of sterling, getting the best rates on currency exchange could prove to be vital for these young people if they choose to send some of their earnings back to the UK.

Andrew Turner, international strategic development manager at Aviva, said that there were other important areas which young people also need to consider.

"Worryingly, one third (34 per cent) of young workers considering 'semi-grating' [emigrating on a non-permanent basis] told us they wouldn't consider it important to take out additional medical insurance," he said.

"The danger is that, should the worst happen, those people could find themselves in unfamiliar territories, often not speaking the local language, not knowing how to arrange medical treatment or indeed being able to pay for it."

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Posted by Eleanor Ward