Most forget finance when they head to the sun
23 April 2004
Abbey has urged people to remember their financial matters when moving abroad in a new survey.
According to research by Abbey National Offshore, 81 per cent of people fail to consider their banking needs prior to moving overseas.
Reportedly this is because around 60 per cent of the UK do not fully understand the benefits of offshore banking.
Malcolm Corrigan, a spokesperson for Abbey National Offshore said: "Moving abroad is a very big step and there are many things to consider.
"Whilst many people realise how much they'll miss their home comforts, many fail to consider some other important decisions altogether, including their banking arrangements. It's something you might regret later if you end up losing out financially."
When conducting the poll findings indicated that the thing that concerned Brits the most about living abroad was missing British food.