Are your finances in order?
We know that only a quarter (24%) of expats prioritise preparing their finances before moving abroad, but it’s certainly a good idea to make sure everything is in order before you go.
If you’re planning to work abroad, think about which account your wages will be paid into. Do you need to set up a local bank account? It’s worth researching whether any specific banks offer benefits or better rates for expats. After all, everyone wants to get that little bit more for their money.
More broadly, it’s worth considering what will happen to your pension, life insurance and mortgage. The best way to work this out is to contact your service provider and make sure that everything is in place before you move.
Tax is another area that could be impacted in a big way post Brexit, so making sure you’re up to date with any decisions that are made is vital. One thing that could have a big impact on your monthly income is whether or not tax-free pension transfers will still apply. Even if you’re a long way off retirement age, it’s worth taking some time to think about what will happen if you live in the EU when you eventually do qualify for your pension.
Are you taking your family pet?
Taking a pet abroad has always had its complications. From getting a pet passport, right through to signing up to a local vet once you’ve arrived, there can be a lot to consider. Making sure that your furry friend has the right vaccinations though is incredibly important, as well as thinking about whether they’ll need to be quarantined before entering the country.
But, after Brexit, there will probably be more checks that you and your pet will need to observe in order to travel to the EU. According to the government, the UK is likely to be categorised as an ‘unlisted’ country by the RU Pet Travel Scheme. If it is, all pet owners hoping to take their dog, cat or ferret abroad will need to make sure they’re microchipped and vaccinated against rabies. You’ll also need to remember to send a blood sample to an EU-approved blood testing lab three months before you can travel abroad.