Tax is one of the biggest reasons for moving abroad, says Jessica Bown in The Sunday Times, and no wonder: the latest survey of personal taxation in "expatriate hotspots" by consultant Mercer shows that the average family can pay less tax in more than a dozen countries.
The "ultimate destination" for those seeking to slash tax bills and boost savings is the United Arab Emirates, where there are no personal income taxes and the average family takes home 95% of their income.
Dubai's "bling-bling developments" may attract sniggers, but aside from zero taxes, there are good reasons why 100,000-plus British expats have moved there, says John Arlidge in The Daily Telegraph.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
It is sunny 330 days of the year, the "army of Asian labourers provides service 24 hours a day", there's no terrorism, virtually no crime and the schools are good.
One downside is that property prices are rising fast thanks to a recent law allowing the freehold purchase of properties by foreigners in certain areas.
For those put off by Dubais high temperatures, Hong Kong came second in Mercers rankings. Here, couples with two children take home 91% of their annual income.
-
-
Act now: First Direct’s £175 switching bonus ending soon
First Direct has launched a £12,500 prize draw on top of its £175 cash bonus - but they both finish soon, so you’ll need to be quick
-
Credit card providers slash 0% balance transfer deals
Customers face a double whammy of rising interest rates and shorter 0% balance transfer periods. We look at what’s going on in the credit card market and why you’ll need to act fast to get the top 0% balance transfer deal
