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Considering going to live abroad...

BlackCloud Avatar
6y, 10m agoPosted 6 years, 10 months ago
I lived abroad in the middle east for a couple of years on a sebatical and had everything open to me to come back to...a good job, pension, my house, relationship etc. etc.

Anyway, I am considering going again as once you have had a taste of it it's hard to settle back here. I have a job offer, really good salary but there is no job security and no pension, just a load of cash every month. I reckon I could do about 5 years away but I am no spring chicken so have to consider things like making sure I contribute to a state pension and a private pension. I'd like to keep some ties here... (we all moan about the UK but it offers a lot of things many countries don't). Anyone any advice on what to consider setting up a pension or an offshore fund, anything else to think of?

I'd expect to be away 3-5 years, and who knows what happens then...either back here or maybe another country in the far east where eventually my pension could be worth more?
BlackCloud Avatar
6y, 10m agoPosted 6 years, 10 months ago
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#1
All I can think of is the basics - like keeping ownership of property here. I'd rent it out and set that aside as my pension.
#2
i'd love to be able to do that,but kids,wife etc wont allow me :-D

but deffo keep some ties here, as you say we all moan about the UK, but there are far worse places. as has been mentioned if you own your own place then rent it out.
#3
we went away for 4 years and kept our house - best decision we made as prices went mad while we were away nd we'd have struggled to get on the property ladder if we hadn't kept it.

Why not ask at Citizens Advice?

I suppose you need to look at whether you'll be able to save in sterling etc or te currency you'll be earning as that might make a big difference to the amount you have in the end.

Have fun !
#4
I worked for the pension service (DWP) for a couple of years. For your state pension now you only need 30 years of national insurance contribution now, not the 39 you used to need. If you don't already have enough you can pay voluntary contributions (similar to when self employed) to boost the state pension.
#5
Black Cloud, if you don't mind me asking, what are the oppotunities like in the middle east right now? Do you need any qualifications or are there any spacific skills sector they are looking for?

Good luck btw, I lived in Asia for 3 years and all round Europe for a while and am now getting itchy feet back in the UK! :)
#6
pay your NI contribution by DD whilst away

get a decent offshore account Nationwide is the best at the moment
1 Like #7
Trickyjabs;7507004
Black Cloud, if you don't mind me asking, what are the oppotunities like in the middle east right now? Do you need any qualifications or are there any spacific skills sector they are looking for?

Good luck btw, I lived in Asia for 3 years and all round Europe for a while and am now getting itchy feet back in the UK! :)


Sorry for the delay, didn't check this thread yesterday.
I can understand the itchy feet. When you have seen other things then it makes you restless.

Opportunities depend on teh line of work you are in. Generally in the middle east you are respected and offered work directly by the Arabs if you are considered to be a man, an expert in your field with qualifications and in general age buys you respect. (yes I know this is all non-PC but that's the truth of it!). You can be hired indirectly, maybe through someone like the above if you know him and he wants you or your skills (not necessarily the same thing). You don't need all the qualifications but you do need experience and connections generally, or someone who recognises you have something to offer. There's little chance of just going and picking something up, and most countries require you to have a residential visa to be able to work and stay.

There is work, mainly in the context they are building up their infrastructure and ability to deal with security and become more civilised. If you fit into those sorts of roles you may find something.

There is no security of tenure on employment out there, no pensions, few workers rights, but usually a good salary cash in hand tax free. Only a handful of countries (or even cities within countries)are suitable for westerners who may want to hang on to drinking, unmarried sex etc. otherwise if you do fall foul you could be on a plane home or worse. I like the UAE, but it's a crazy place too. 5 years would probably be enough for sane people.
#8
BlackCloud
Sorry for the delay, didn't check this thread yesterday.
I can understand the itchy feet. When you have seen other things then it makes you restless.

Opportunities depend on teh line of work you are in. Generally in the middle east you are respected and offered work directly by the Arabs if you are considered to be a man, an expert in your field with qualifications and in general age buys you respect. (yes I know this is all non-PC but that's the truth of it!). You can be hired indirectly, maybe through someone like the above if you know him and he wants you or your skills (not necessarily the same thing). You don't need all the qualifications but you do need experience and connections generally, or someone who recognises you have something to offer. There's little chance of just going and picking something up, and most countries require you to have a residential visa to be able to work and stay.

There is work, mainly in the context they are building up their infrastructure and ability to deal with security and become more civilised. If you fit into those sorts of roles you may find something.

There is no security of tenure on employment out there, no pensions, few workers rights, but usually a good salary cash in hand tax free. Only a handful of countries (or even cities within countries)are suitable for westerners who may want to hang on to drinking, unmarried sex etc. otherwise if you do fall foul you could be on a plane home or worse. I like the UAE, but it's a crazy place too. 5 years would probably be enough for sane people.


Thanks very much for your response mate, some useful info. Will keep it in mind, rep left.

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