Experts for Expats Logo
Cost of Living Cost of Living

Spotlight on...

Cost of Living for British Expats

The past few years has seen seismic events both in the UK and across the world which have had and continue to have a significant impact on the cost of living for everyone.

We conducted a survey amongst British expats to understand how the current cost of living crisis is affecting people with ties to the UK. 

Cost of Living Report for British Expats 2023

In late 2022 we conducted a survey of 200 British expats who maintain some ties with the UK to find out how the cost of living crisis in the UK and globally is affecting people whose lives span two or more different countries.

Using the results of the survey, we have created our latest report, How Rising Living Costs Are Impacting Expats’ Financial Choices in 2023, which explores the impact of various global and local events have been influencing expat finances, life decisions and mental well-being.

Our report provides insight, analysis and guidance covering the following subjects:

  • Property
  • Tax
  • Finances and retirement
  • Mental health

During this period of global uncertainty, its more important than ever for people with complex financial situations to ensure they’re making the right choices to secure their future and continue making the best possible decisions.

Read our summary of the report, which includes insight and essential tips for expats, and provides a general overview of the the key issues facing British expats in 2023.

You can also download our full report, which provides insight, analysis and support which will help expats understand how they can find trustworthy financial advisors amidst the minefield of expat financial advice.

 

Download the report

Download the report

File size: 464 KB

Related articles

61% of expats aren’t aware of tax requirements for selling UK property

61% of expats aren’t aware of tax requirements for selling UK property

Rising mortgage rates and declining property value have prompted a quarter of expats to consider selling their UK property – but less than half are seeking the expert advice they…

Read full article >
UK Mortgages for British expats and non-residents

UK Mortgages for British expats and non-residents

An overview of UK mortgages for expats, including how to increase your eligibility for the best expat mortgages in the UK

Read full article >
2 out of every 3 British expats are unaware of potential UK Capital Gains Tax implications when selling a UK property

2 out of every 3 British expats are unaware of potential UK Capital Gains Tax implications when selling a UK property

Rising mortgage rates and the prospect of declining UK property values have prompted a quarter of expats to consider selling their UK properties – but less than half are seeking…

Read full article >
Capital gains tax on property

Capital gains tax on property

In the UK, capital gains tax on property sold is not normally payable, providing it is your primary residence or home.

Read full article >
How a devalued British pound affects British expats and options to minimise the impact

How a devalued British pound affects British expats and options to minimise the impact

With GBP reaching it's lowest value against the US dollar and continuing to show signs of weakness, this article looks at the impacts, opportunities and options that exist for British…

Read full article >
Selling a UK property while living abroad

Selling a UK property while living abroad

Selling a UK property when living abroad is naturally exposed to certain bumps in the road including currency fluctuations and delays.

Read full article >
UK Expat Tax Advice (2023/24 and 2024/25)

UK Expat Tax Advice (2023/24 and 2024/25)

UK expat tax advice for British expats and non-residents, updated for the 2024/25 tax years. Provides an overview of your UK tax residence status, the SRT, Capital Gains Tax and…

Read full article >
Why have 91% of expats not sought expert financial advice?

Why have 91% of expats not sought expert financial advice?

While expat financial affairs are complex, very few expats actually seek financial advice. This article provides a summary of our recent report looking at The State of Expat Financial…

Read full article >
When should you consider paying for tax advice?

When should you consider paying for tax advice?

If you're living abroad, you've probably considered seeking tax advice. While free consultations can help solve general questions, to get formal advice will normally require paid services.

Read full article >
International money transfers and how to manage multiple currencies when you live abroad

International money transfers and how to manage multiple currencies when you live abroad

Virtually every expat has to make international payments, whether transferring small regular amounts or making large one-off payments. Excellent currency management is essential for anybody with assets in more than…

Read full article >

Introductions and services for Cost of Living

Request introduction to a solicitor who provides help for British expats with legal matters in England and Wales
UK property conveyancer >

Experts for Expats has been featured in...

Saga - Want to retire in the EU? What could the future hold for you? - click to see article
As a UK property seller living abroad am I liable for ‘sneaky stealth taxes’ such as CGT? - As a UK property seller living abroad am I liable for ‘sneaky stealth taxes’ such as CGT? - click to see article
Are you a British expat whose bank account is being closed due to Brexit? Here's what's happening and what you can do about it - Are you a British expat whose bank account is being closed due to Brexit? Here's what's happening and what you can do about it - click to see article
BBC Breakfast - Expats in Cyprus having issues with UK bank accounts - click to see article
23% of British expats set to sell UK property - 23% of British expats set to sell UK property - click to see article
Telegraph - Retiring Abroad Article - We wanted one more adventure’ – the Britons who retired to their favourite holiday destinations - click to see article

Testimonials

What expats say about our experts

As an expat who has been living outside the UK for 30 years, it was reassuring to speak to a representative of your company who seemed to have his clients interest at heart, especially when the client has no expertise in finances and investment.

Phil. C.

Pensions introduction in France

I was shocked after years of traveling to come across such a professional organised group. There are no hard sells only professional advice, when I make my next move I will follow up with them.

Michael M.

Portuguese Non-Habitual Residence introduction in Singapore

We have been struggling with the complexity of the immigration process to the UK. Experts for Expats referred us to a tax accountant who was very responsive and in just a few minutes clarified many of our questions and gave us some peace of mind regarding at least that part of the process. We are very pleased and will continue to use the site and the referred accountant as we continue to navigate the process.

Lolin G.

Cross border tax planning introduction in United States

The expert provided was highly professional, gave useful information and advice and provided me with a recommendation of a firm to deal with the nitty-gritty.

Matt K.

Pensions introduction in Portugal

Very impressed with the speed of both Robert and the consultant I was connected to. The consultant definitely had good knowledge of the space and was very professional.

Andrew B.

Double tax relief introduction in United Kingdom

Experts for Expats were quick to answer my response professionally. Their expert was very knowledgeable.

Alun B.

Capital Gains Tax introduction in Canada

I found the session with the consultant to be very helpful in that it helped allay any concerns I had around my choice to manage my pension post-Brexit. I really valued the opportunity to be able to discuss what I was planning with an someone who could give an independent perspective.

Carl P.

Pensions and Brexit introduction in Spain

Easy to use website, fast response, excellent consultation. Expecting to use consultant to assist with preparing SA100 whilst I'm abroad.

Paul S.

Statutory Residence Test introduction in United Kingdom