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UK Prime Minister proposes four year welfare ban on migrants

12/04/15 03:48:pm

Yesterday UK Prime Minister David Cameron proposed a four year welfare ban for migrants entering the UK as he stated 43% of EU migrants claim some form of state benefit within the first four years they are in the UK.

The announcement has caused controversy in the UK and beyond but for many UK Expats the idea of not receiving any state funded benefits is nothing new.

Many countries where Expats choose to work have little or no income tax rules and as a result individuals are responsible for their own healthcare and education costs.

While lower taxes and higher wages for skilled professional’s sounds great, the culture of saving for the benefits taken for granted back home can take some getting used to.

Saving for a rainy day

Putting money aside each month is a good start but investing it with a structured savings plan will provide you with the best return on your money.

Guardian GS uses the latest technology to bring financial advice to the comfort of your own home, wherever you are in the world. You can book an appointment with one of our friendly advisors from the comfort of your living room to discuss the best ways to invest your money.

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Lifestyle Financial Planning is a relatively new specialism in International Financial Advice, if you would like to discuss your plans with one of our Lifestyle Planners Call +4122 508 7178 or download your FREE Lifestyle Guide HERE NOW!

Guardian GS Looking after your tomorrow, wherever you are today.

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