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Post by SymonsPCA on Aug 12, 2012 19:29:38 GMT
Hi this forum is great and very informative, I was hoping the wealth of knowledge and experience would help us make the decision to plunge!! I currently work for a uk defence company in my early 30's 1. Family: a) What is family life like on the compounds? I have a 15 month old daughter and a wife. I get the impression for my daughter it would be great but possibly boring for my wife. b) can my wife get a job on the compound? What do people's partners do? c) do they have broadband in the villas, we want to skype with relatives back home ) d) do they have schooling for 2 year olds? 2. Financial: a) I may start employment in May 2013 (I've been told it takes about 8 months to get through the process) so assuming I stay for another tax year (April 2014-2015) what happens to the 11 month work may 2013 to April 2014? Is this taxed as per norm? b) what is the norm for pay? Pay into a uk based bank account or a KSA one? I hear conflicting ways to do it? Will I get taxed if my salary is paid into a uk bank account. c) what sort of footprint do people leave in the uk? Pay into NI to maintain state pension? Keep enrolled in UK for potential mortgages on uk return? 3. Return back to UK: a) what are the type of considerations for a uk? Is it more difficult to get mortgages etc? Thank you all in advance, and hopefully see some of you next year!!
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Post by CathyAitken on Aug 23, 2012 15:39:42 GMT
I have just seen your posting. Although I left Aramco some time ago, I can answer some of your financial questions.
(a) Unless things have changed a lot, you should be able to claim back any tax paid in the first couple of months of 2013 if you stay out for a couple of years.
(b) Open an offshore account in Jersey or Isle of Man. Most of the main banks have offshore branches. Because of the identification requirements, it would probably be easier to do this before leaving the UK and with the same bank you are with at the moment. You would then get a proportion of your salary deposited directly into this account and the rest into an account in Saudi Arabia. (c) Do keep up your NI payments. I think it is Class 3, where you pay a lump sum every year. I did this for the 23 years in Saudi Arabia and now qualify for a full UK state pension.
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