Canada’s not the first country which many of us would think about when building a new life overseas as an expat, but a recent survey showed that the very richest, top earning British expats are more likely to choose Canada than anywhere else. Many are attracted by the fact that the UK and Canada has long historic links, the culture is not too different from home and we share a common language. In addition, Canada offers wild open spaces and spectacular scenery and a very good education system for expats with children. High earning British expats in Canada are making a huge contribution to the company’s economy, both in terms of the tax which they pay into the system and the expertise they bring to their employers.
If you are looking for truly rich expat Brits, then the best place to start the search is in the Gulf States. Most expat Brits have been sent to places like Dubai or Kuwait for work, and the tax-free salaries and benefits packages on offer mean that although only 10% of British expats live in the Gulf States, the expats living there account for 25% of total savings held by Brits overseas. Salaries are high in the Gulf States, but sometimes the culture and heat makes this destination less attractive than other places for families, especially those with young children.
47% of expat Brits living in Hong Kong are on salaries of over £100k, mainly due to Hong Kong’s position as the Asian centre of the banking and finance industry. The number of expats in Hong Kong has declined since the colony reverted to Chinese control, but Hong Kong remains a cultural melting pot and a great place to raise children, experience a different way of life and have fun too. Singapore is a similar destination, and attracts high earning professionals too.
High earning expats are in huge demand in Australia at present as the country struggles to fill high level positions in the medical professions and finance. This brain drain offers great opportunities for professionals from the UK to move overseas, earn more money and enjoy the Aussie lifestyle, and Australia benefits by being able to attract the best quality people from all over the world. As well as attractive working conditions and good salaries, expats in Australia find that they have a better work and life balance, and a generally more relaxed way of life than here in the UK.