Without forward planning, rather than returning enriched by your expat journey, you risk being worse off than when you first jumped on the plane and left the UK.
With that in mind, we take a look at five things you need to do to get your house in order before leaving the UAE behind.
This is the payment that is made at the end of your service, and is based upon the amount of time you have worked here.
It is important that you sit down with your employer before you receive your last pay-cheque and calculate what you are owed. A gratuity is the equivalent of a pension in the UAE so naturally it's important that you seek advice as to how this ties in with your retirement planning here.
In a region where you can quite readily get credit, this is extremely important.
Many people will take out credit when they move here to cover the costs of moving, so it is really important that you make sure all debts are cleared before you leave the country.
As an expat you will have access to a range of offshore savings plans and pensions and it is important that before you head home that you ensure that will remain appropriate and tax efficient for you in the new territory.
Take advice around the portability of your investments sooner rather than later. It may be the case that your current plans aren't UK compatible and once you return it will be too late.
If you own a property or multiple properties in the region you’re going to asking yourself the question should I keep them or should I rent them out, how am I going to make my mortgage repayments, are there service charges to be considered, is there a lot of up keep to the properties when I go back to my home country, is that going to be manageable?
Also, if you go back to your home country and it is taxable there, it is likely that you will be taxed on the rent as well.
If you have taken cover whilst residing in the UAE, you must make sure that you check it's validity wherever you’re going to when you leave this region. It is important to check the terms and conditions and make sure the cover remains valid after you’ve left, or you will need to obtain a more suitable policy.