New ways of working have made living abroad much more achievable for British workers, and the rising cost of living means some Brits are thinking about living abroad to keep costs down.

According to research from Wise, the global tech company building the best way to move money around the world, those who are hoping for a new life in the sun have ranked the below as the top reasons for wanting to ditch the UK.

1. They want better weather than the UK (46%)
2. They think the lifestyle abroad would be better for their mental health (42%)
3. They believe that living abroad will help them manage their diet and exercise (31%)
4. They believe costs of living are lower outside of the UK, and they’ll be able to get more for their money (30%)
5. They consider the work/life balance outside of the UK better (28%)

With flexible working in full swing, there’s many ways UK workers can make this work for them.

Wise’s research shows that more than a tenth (11%) of Brits who want to live abroad in the future say they would plan to stay with their current employer based in the UK when they move abroad.

But almost 27% say they would find a brand new role in their chosen country
15% would choose to take on temporary work as and when needed
And there’s a strong entrepreneurial streak too, with 9% planning to start their own business.

But despite the dream, there are still some significant bumps in the road for those hoping to work in the sun. 25% say they’re conscious it’s not as easy as it used to be before Brexit, with visas, or bank accounts harder to get in other countries

With costs and logistics both bringing some hesitancy, making sure you research your location thoroughly, and manage your finances properly when living abroad is crucial. It’s especially important if your reasons for moving are based on money.

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