Managing Your Finances When You’re Moving Abroad

Moving aboard can be a brave yet daunting decision, particularly when it comes to getting your finances in order. Before the move, it’s important to prepare everything you could possibly need in the coming years. You need to think about your bank, your savings, work pension and more. Overall, it can be a stressful process. So, if you need some help managing your finances when you’re moving abroad, take a look at this simple guide:

Ensure Your Bank is Made Aware

Inform the bank of your intention to move aboard and update your contact details with them as soon as possible. Then, make an enquiry about the fees and accessibility while you’re away. If you’re with an international bank, this should be fairly straight-forward. However, if not, you may need to consider switching banks. If your partner is filling out a spouse visa application to travel with you, you’ll also need to move your joint account abroad.

Sorting Out a Pension

Your pension is extremely important and should not go ignored once you’ve moved aboard. Find out how you can continue making payments into your pension even while living in a different country. Moreover, if you plan on staying there …

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Vontobel Monetary News

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