Expat Community > England

ccieexpat
Joined 2008
Posts: 2

Advice on potential NY/London 2yr assignment

16 years ago

Dear all,

I have been following this forum for the past couple of months since the opportunity to take an international assignment. Now I am at the critical juncture of having to make that final decision on whether to take the opportunity or not.

We are a family of three, my son is about 2yrs. I am being offered an opportunity to move to London on a 2yr assignment with my present firm.

I currently make about $130K with approx 20% annual bonus. Here is their offer. The salary remains the same with a $15K signing bonus, and 10K annual premium to equalize net income based on UK tax rate.

- relocation services
- taking care of work visas ( spouse included)
- shipping/storage - 20K
- tax preparation
- temp housing for up to 30days
- tax equalization
- house hunting trip
- 1 biz class return flight per year
- Pay car lease cancellation fees ( both cars are leased ~15K )

Now I am not too pleased about the salary situation, especially since the salary remains in USD, but I place a lot of personal value in the opportunity to work overseas as well as the opportunity for the family to experience a different perspective of life.
There are no concessions for COLA, housing or child care being offered. My question is will this work for a family of 3 in London? Based on my own research and household budget Im just about break even and possibly even at a bit of a loss.

Any additional insight is greatly appreciated.

Thanks much

SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

Living in UK Guide

Expats in the United Kingdom live in one of the most sought after destinations in the world. Its four countries - England, Wales, Scotland and Northern Ireland - offer expats a broad range of expatriate experiences.

UK Forum
Join our UK forum to meet other expats and talk about living in UK.

Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in UK.

Best Places to Live in UK

If you're dreaming about living in England, here are the 15 Best Places to Live in England in 2023.

Healthcare in UK

Expats in the U.K. are able to utilize the public health care system, which is managed by the NHS. Many expats want to have private health insurance to help reduce wait times and several other reasons.

Cost of Living in UK

Expats offer insight into the cost of living in UK.

Moving to UK Guide

Our guide to moving to UK with lots of advice from expats on the ground.

Real Estate in UK

Real estate listings in popular cities and towns in UK.

Pros & Cons of Living in UK

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in UK.

Retiring in UK

Advice for people retiring in UK.

Additional Information:

Visit our UK Index for a Full List

SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

Contribute
Help others in UK by answering questions about the challenges and adventures of living in UK.

Login

Or, Send Login Link

Expat Community > England

Advice on potential NY/London 2yr assignment

Login