The latest Office of National Statistics figures show that in 2008 over 395,000 people left the UK to live in other countries - an increase of 24 per cent year on-year. New Zealand and Australia emerged as the most popular emigration destinations with around 158,000 UK residents heading down under last year. This increasing number of UK nationals seeking new lives abroad means an increased requirement for secure and reliable foreign money transfer (http://www.postoffice.co.uk/portal/po/content1catId=19400177's38;mediaId=34100665) services during the emigration process to the other side of the globe.
To help with some of the hassle of moving abroad, including buying a new home, the Post Office has launched a new Overseas Property Money Transfer Service allowing future expats to make international bank transfers (http://www.postoffice.co.uk/portal/po/content1catId=19400177's38;mediaId=34100665) easily and securely.
Buying a new home abroad requires a great deal of organisation, which may include regular foreign money transfers for mortgage payments.In addition, any expats may need to make regular overseas bank transfers once settled into life abroad. Overseas bank transfers are required to claim UK pension benefits while abroad, for example. Overseas bank transfers could include foreign money transfers between international bank accounts or sending money abroad to family and friends in the UK.
In order to make the prospect of sending money abroad less daunting, the Post Office Overseas Money Transfer Service offers expert guidance by phone throughout the process of foreign money transfers, as well as competitive exchange rates.