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Move abroad for higher wages - 28 March 2008
New research has shown that moving overseas could boost your earnings by up to 40 per cent, with the United Arab Emirates topping the list of salaries for expatriate workers.
The Centre for Future Studies and Natwest bank looked into the salaries paid to expat workers across the world, and found that the average wage for British workers in the UAE was some £79,000, compared to the average UK salary for equivalent job functions of £47,000.
Even in Portugal, at the lower end of the scale for expat salaries, the average annual salary for UK workers is a more-than-respectable £58,000. when the cost of living was also taken into account, Spain and Italy showed much more prominently in the league table, reflecting the value for money that is available to workers in these countries.
Of the 1,400 expat workers interviewed across ten different emigration destinations, 90 per cent felt that they were better off than when they lived in the UK, while 68 per cent felt that the cost of living in their adopted country was lower. In addition, almost 70 per cent of respondents said they felt healthier living abroad than in the UK.
The other interesting revelation in the survey was how different professions head to different locations to ply their trade. Canada, for example, has the most engineers, medical workers, academics and teachers, IT workers head to Sweden, accountants and economists move to Singapore, other financial workers go to the UAE, scientists head for New Zealand and marketing professionals move to Portugal.
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