Understand the financial implications of working and earning abroad with our simple guide.
Working abroad checklist.
- Inform your tax authorities of your plans to work abroad. Tax forms for UK residents leaving the country.
- Inform your mortgage provider that you will be out of the country. If you plan to rent out your home while you're away, let them know.
- Open an international bank account to help you access and transfer your money.
- Find out about the tax and social security system in the country you're going to.
- Get advice on the legal status of your will in the country you're going to.
- Find out if you need to take out medical, personal injury or other insurance in the country you're going to.
What sort of bank account do I need when I'm working abroad?
You have two main options for getting a foreign salary paid into your account:
Open a Premier International Account before you go
Lloyds TSB international accounts offer easy access to your money while abroad. You can use your debit card in many outlets, just as you would in the UK. You can also have a foreign salary paid into your International Account.
Get a local bank account once you arrive
You can get your salary paid into a local bank account — but be aware that opening a local bank account in a foreign country is a long process. You'll generally need a local address, a social security number, identity documents and knowledge of the local language to deal with bank staff and fill in forms.
This information is based on our understanding of current law and tax authority practice and may be liable to change, which could be with retrospective effect. This information is for general information purposes only. No liability can be accepted for the effect of any subsequent legislation of change of official practice. If you require tax advice you should consult your own professional advisers, and not rely on the information contained within this website. The greatest care has been taken to ensure accuracy but the Bank cannot take responsibility for omissions or errors. Tax levels or relief are those currently applicable and may change. The value of any tax relief depends on the individual circumstances of the investor/customer.