Family the number one reason for Brits wanting to move abroad, new survey finds

by Ray Clancy on June 3, 2014

Nearly two fifths of Britons with children would consider a move abroad, with 45% of those citing their families as an incentive for the move, new research has found.

When asked to select reasons for emigration, the research from Lloyds International Private Banking showed that bringing families closer together was high on the agenda at 53%.

family overseas

45% of those surveyed cited family as an incentive to move abroad

The survey also found that 67% of those surveyed viewed quality of life as important and 59% cited the importance of exposing their children to a different culture.

Better schooling and easier access to healthcare were well down the list of priorities at 38% and 22% respectively.

‘It’s clear from the research that the appetite to move overseas is very mixed, and often down to personal reasons and circumstances. The most important point is simply to be prepared before making that move and [to] seek the right guidance,’ said Richard Musty, director, International Private Bank.

He pointed out that before deciding to relocate, potential expats need to ask some basic questions: How will the children settle in? If the relocation is for work, what will my partner do for work? How easy is it to get back to the UK to visit family?

There are also the financial issues to consider, such as career opportunities, potential tax benefits, pension impacts and options of returning to the UK if the overseas move is for a defined period.

For some, however, emigration is not in the cards, with 58% saying that they would not consider moving abroad. The biggest single reason for this is, once again, a family connection, with 70% not wanting to move away from their family and friends.

Conversely, 38% of those looking to emigrate felt making new friends would be a main reason for the move.

Having schooling interrupted, 60%, was the second reason not to move, with a significant gap before the next reason, it being ‘too stressful’ at 38%. The quality of education and healthcare abroad were less popular reasons.

While family plays a large part when determining a move, it is less so when children have grown up, with 60% of parents comfortable with their children going to university overseas and 85% holding the same view regarding overseas work. In a similar vein, 59% of parents surveyed would actively encourage an international move for their adult children.

Interestingly, this may mean that not interrupting a child’s education and their relationships at a younger age plays more of a part than the responses to the survey suggest.

{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: