Increasing benefits to offshore banking
February 9, 2008 by admin
Filed under News, News-Banking
As increasing numbers of Britons move abroad there are increasing benefits to be found in banking offshore, one financial expert has claimed. 
Natwest said that if you are working abroad or moving abroad benefits are “around the taxation side”, with consumers having increased access to specifically designed products.
Dave Isley, head of NatWest International Personal Banking, said: “Banks are becoming more and more sophisticated at providing very good products to help them do that.”
He adds that those looking to move abroad should ensure that consumers do their research “very carefully” as each country varies in terms of medical assistance and housing.
Consumers moving abroad need to know that they can afford to live there comfortably, Mr Isley concluded.
The comments come after Natwest’s latest report on British expatriates from across the world.
According to the new research, the desire for a better way of life was a strong reason to leave the UK, with over a third (37 per cent) of expats surveyed putting quality of life as their top factor for living abroad.
