So you’re thinking about moving to London, one of the oldest cities on the planet and home to many of history’s most famous writers, artists, and musicians. London has plenty to offer for anyone who wants to call it home, but moving to London from the US or other countries requires some work. Here’s where to get started in your move to London.
You may be so focused on how to move to London from the US or other countries that you forgot to ask if you should! Here are the main reasons people are moving to London.
With all this in mind, before moving business to London, be aware that the city is also one of the most expensive places to live in the world. Be prepared before moving to London that it is dense and can feel overcrowded at times, especially during your morning and evening commutes.
If you consider moving your business to London you should understand the basics of taxes for London expats.
Taxes for London expats isn’t always straightforward.
The Her Majesty Revenue & Customs (HMRC) office collects taxes, determines regulations like the national minimum wage, and pays out welfare and state support. The tax year is from April 6 to April 5. Electronically filed tax returns are due by January 31, while paper filed taxes are due on October 31.
Rates for income in the UK are:
In general, the amount of time you are physically present in the UK determines whether you will be subject to tax laws.
So now that you’ve decided you like the sound of the city you may be wondering how to move to London, UK. After you arrange your visas and find a residence, you need to budget for the transportation of goods to London. Air Freight is quite expensive, but sea Freight can take much longer. Air Freight runs around $8 per kilo with some minimum fees, while sea freight costs on average between $25 and $140 per cubic meter. It may be worth using air freight if you are moving to London light, whereas if you are moving to London with your family and have many heavy items to move, sea freight will be the better option.
Regardless of the type of visa you decide is right for you, starting with a work visa or student visa is the best first step when determining how to move to London.
The UK government recommends applying for student visas at least 6 months before your course starts, though you will get a decision on your visa 3 weeks after you apply.
Expats moving their business to London usually apply for Tier 2 General Visa.
Listen to our “Moving To Expatland: The Journey To London” podcast and get an overview of the tax considerations in moving to London as well as the common pitfalls that our London E-Team group leader shares based on his experience.
As of April 2022, the average household in London costs £23,380 per year, with an additional £3,000 spent on bills. This means that the average Londoner spends nearly half of their take home income on rent and living expenses. This does not include commute costs or food.
For buying, the average price of an apartment in London was just under £689,000, and the majority of properties sold are flats. Terraced properties sold for an average of just over £768,000, and semi-detached residences went for about the same. These prices represent a 10% increase from 2019 prices.
English is the most populous language in London, but they are proud to say they host over 300 types of languages. For those culturally inclined, London has:
London’s culture benefits from its history and being one of the oldest cities in the world shows.
London’s healthcare system is the National Health Service (NHS) which is regarded as one of the best health systems in the world. After moving to London you can pay a surcharge, after which, most medical procedures will be heavily subsidized in some of the best public health facilities in the world. Notably, dental care is sometimes excluded from NHS coverage. Private healthcare is also available, and usually features shorter wait times for expert consultations, but it is also much more expensive.
The UK historically was behind the curve on wellness facilities like spas, workout studios, and yoga classrooms. Recent trends have changed this significantly, with health food restaurants seeing widespread adoption and wellness centers opening citywide.
E-team Group Leader
Whether you are an expat moving to or out of the UK, James Cowper Kreston is here to help you by providing international tax advice. Their wealth of expertise in international tax matters, and worldwide connectedness make them the perfect choice for your financial advisory needs while in London.
E-Team Group Leader
Relocation doesn’t have to be a daunting process, Gerson Relocation will help you relocate to the UK with the utmost care and quality.
For over fifty years, Gerson has been providing expats with flexible relocation services tailored to their individual needs.
If you’re looking for a top-quality recruitment provider in London, Canstaff has you covered.
Offering global recruitment and staffing services in the Construction, Engineering, Civil Construction, Logistics, and Manufacturing sectors, they are an ideal choice for expats living in or moving to London.
Headquartered in London, Charles Russell Speechlys offers expat clients a broad range of skills and experience across the full spectrum of business and personal legal needs.
The firm is known for its considered and personal approach which is recognised as a refreshing alternative to conventional business law firms by many major corporates and institutions.
Established in 2013, Educatus assists families to navigate and understand the education system and the various admissions processes in the UK.
Educatus provides services to relocations companies and corporate sectors, as well as private individuals relocating to London with children needing schooling.
St. James’s Place Wealth Management is a FTSE 100 company with funds under management in excess of £109 billion, specialising in the provision of highly personalised, face-to-face wealth management services to individuals, families, trustees and businesses.
In business for over 30 years, Starwood Animal Transport offers full pet relocation services ensuring that families stay together, no matter where their lives take them.
Their dedication to making your pet as comfortable as possible is an added bonus, making them a great choice for any expat that wants to bring their fur babies with them when they move.
Perfect Cuppa English provides help to expats to achieve business English communication & British cultural confidence, either when relocating to the UK, or for successfully working in international teams, wherever they live & work.
They work with private clients and individuals in corporate teams in personalised coaching programmes. British cultural training can also be delivered as bespoke team workshops.
For a single person living in London, the average cost of living is about £889 a month without rent. A family of four can expect triple this price at about £3,072. Monthly rent in London is on average £1,572.
London is the sixth most expensive city in the world as of 2020 according to ECA International. This puts it just behind Hong Kong, Tokyo, New York, Geneva, and Zurich.
The British school curriculum is world famous and is taught in many international schools around the world. Many international schools call London their home and teach the International Baccalaureate curriculum in addition to the national British curriculum.
London is home to some of the best public transit in the world, and parking options in London remain quite limited. Add in the average traffic rates and the ease of use for bicycles, scooter, rideshare accessibility, and taxis, and leaving the car behind becomes the obvious choice.