So, you are thinking about travelling abroad as an independent financial advisor? As is the case with all big decisions, you need to weigh up the pros and cons. Not only will you be taking on a new job, but you’ll be moving to a new country too. It is an exciting chapter in anyone’s life, and in this post we will explain what you can expect if you travel abroad as an IFA.
Experience new things and broaden your horizons
There is only one place to begin, and this is with the fact that you will be able to explore new locations and travel the world. Have you always dreamed of visiting Asia? Perhaps Africa is a place that is of interest to you? As a financial advisor, you have transferrable skills. It does not matter where in the world you are; individuals are always going to need your assistance. Thus, you can experience the one place you’ve always wanted to visit without having to sacrifice your job or drain your savings.
Work flexibly – Wherever you are!
There is great flexibility with this type of role. As an independent advisor, you don’t have to be tied down to one job in one country; you can move from country to country on a fairly regular basis. Thus, you can explore new locations at every opportunity. Or, you may find that you fall in love with a particular country and want to make a life for yourself there. The choice is yours.
Make more money, pay less tax and much more…
You can also find that there are a lot of perks with being an independent financial advisor based overseas. In most cases, as an expat you will benefit from great tax breaks. In fact, this is one of the main reasons why a lot of people want to leave the UK. Depending on the country you move to, you may experience other advantages too, both job and lifestyle related, such as a better way of life, an improved work-life balance, better employee perks, and nicer weather.
Make yourself more employable
You will also improve your career by travelling abroad as an IFA. By broadening your horizons, you will enhance your skill set, which will make you more employable. International exposure can fast track your career. You’ll learn so much too, as there are different working cultures to contend with and such like, and this will make you more adaptable to various environments, giving you the platform to excel.
To conclude, if you are considering a new job or you have been interested in getting out of the UK for a while now, now is your chance. You may never get the opportunity again. So take the plunge and travel abroad as an independent financial advisor. Not only will you fast track your career, but you will be able to take advantage of tax perks while also exploring a new location and meeting new people. There’s no script; you decide where you want to go, and when you want to come back – IF you want to come back at all!