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Taking the Stress Out of a Stressful Situation

It’s common knowledge that some times in your life are more stressful than others – moving house, having a child, starting a new school or job, they’re all extremely hard to get your head around sometimes and you need to make a lot of changes and sacrifices to make them work. However, you don’t need to try and do it all on your own, struggling through without any help whatsoever and venturing out into the dark without anything to light your way. iBusiness blog - biz stress businessMoving abroad can be especially difficult, having to pack up your whole life and saying goodbye to all of your friends and family at home, then having to do the important bits around the home and your new life – setting up a bank account, shipping your belongings over to your destination and having to buy all new versions of the items you’re going to leave in the UK. You also have to start thinking about how much things are going cost, whether it’s actually financially viable for you to move abroad and stay there. Foreign exchange experts World First have said that there are different kinds of tax structures outside the UK that people might not be aware of. For example, in their guide to moving abroad – which can be found at www.worldfirst.com – they use France and the United States as examples. “In France, rather than being taxed individually, you’ll be taxed as a family unit”, they say. “Obviously, you’ll pay a different amount if you’re a single childless person compared to a family of five. You’ll pay around 40% if you’re self-employed, otherwise it’ll be between 20 and 25%. “In the US, there are six income tax brackets, which range from 10% to 39.6% and different tax rules for each state and local government.” All of this, and numerous other factors need to be seriously considered before you commit to making the move abroad. Be sure to do plenty of research so everything’s in place well in advance.

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