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Cerberus1 posted a topic in Money Transfer: Ask MoneycorpBrits seek hotter climes, with Australia top destination for emigrants As the Winter gloom continues, recent research by leading foreign exchange provider, Moneycorp, reveals that 72% of Brits would consider moving abroad*. Australia is the favoured destination for people longing for a new start, with over a quarter (27%) of those surveyed eyeing up a life down under. Oz is particularly popular amongst the middle-aged, with 33% of those individuals looking to move to Australia aged between 35 and 44. Other idyllic destinations include the USA (12%), Spain (9%), Canada (7%), France (7%) and New Zealand (4%). For many, the British weather is the clincher, with a quarter (24%) of those considering emigrating citing climate as one of the reasons for going. The most popular reason is general quality of life, with over half (52%) of respondents suggesting that a lifestyle change would tempt them abroad. Other key factors include the UK economy (16%) and the UK political environment (12%). David Kerns, Personal Client Dealing Manager at Moneycorp comments: “Government cuts, tax increases and one of the coldest winters on records have made many people in the UK dream of starting a new life abroad. As we move into what is thought of as being the most depressing time of year, we expect to see a rising number of enquiries to Moneycorp from those looking to make a new start in places such as Australia, the USA and Spain.” Employment opportunities abroad are also a strong factor for making the move, with a fifth (20%) looking at moving overseas for work reasons. This is particularly true for males, with double the amount of men citing their job as a reason for emigrating compared to women (27% compared to 14%). While employment is a strong consideration for Brits thinking about emigrating, almost half (46%) do not necessarily believe that they would be able to get a better role overseas. Almost a fifth (19%) claimed that they will be looking to change profession when moving overseas, whilst a further 18% of those questioned are concerned about not being able to find a job abroad. Steven Lewis, Managing Director, The Network and International Sales Director, Totaljobs.com, adds: “This time of the year is traditionally one where we look to revaluate our lives and inevitably jobs are high on the list. Our own research into this area shows that UK jobseekers are overwhelmingly drawn to Anglophone countries, with the USA (62%), Australia (51%) and Canada (49%) the three most popularly cited countries they would want to work in. With our latest Totaljobs Barometer predicting uncertainty in the UK jobs market in the coming months, opportunities abroad seem to be all the more attractive for UK jobseekers. However, for those seeking brighter skies and better opportunities overseas, it is important they remember how competitive the market is and to ensure they consider the motivations of those they will be competing with for jobs.” Fluctuating exchange rates are of little concern to Brits thinking of moving abroad, with only 7% of respondents citing this as their main worry. This is despite two-thirds (66%) of individuals potentially needing to transfer money from the UK on a regular basis for a pension or salary. David Kerns continues: “We’d strongly advise anyone who is tempted to move abroad to put their finances first. The dream can be shattered if you haven’t thought about possible currency fluctuations and how you’ll transfer money to the country you are moving to. For instance, buying a house in Australia worth $250,000 will currently cost £27,000 more than it did this time last year due to changes in exchange rates. A foreign exchange specialist like Moneycorp can give you free expert guidance on the currency markets, and help you transfer your funds when the rates are in your favour.” We recommend using Moneycorp for all your international payments to and from Australia. Moneycorp will make it simple and save you money. Their experts will monitor the currency markets on your behalf – achieving the best possible rates of exchange. Using Moneycorp – The main benefits: Highly competitive exchange rates No cost and no obligation in opening a Moneycorp Account (you need to register with Moneycorp before you leave the UK) Ability to fix exchange rates for a set time period, helping protect from adverse currency movements With Poms in Oz, you won’t have to pay transfer fees on any currency transactions made through Moneycorp. Moneycorp can help you make the most of movements like this, helping you trade at the right time, in the right way – when rates are in your favour. Their expert Account Managers will proactively keep you updated on the currency markets and alert you to any significant changes relevant to you. Moneycorp testimonial "Looks like I bought just at the right time looking at the rate this morning!! I would just like to take this opportunity to thank you for all your help and for saving us so much money, than if we had just used our bank and I look forward to dealing with you again next year." Jacqui Contact details To talk to Moneycorp about making the most of their services call +44 (0)20 7589 3000 or visit their website at http://www.moneycorp.com/emigration Moneycorp office hours 7:30am – 10:30pm (UK Time) Monday – Friday 9am – 4pm (UK Time) Saturday *Based on a customer satisfaction survey completed in July 2010 **Research conducted by OnePoll on behalf of Moneycorp in December 2010