We have noticed that many individuals with the respected trades around home improvements are taking their skills abroad on working holidays. We wandered what benefits there may be to this and discovered why so many of those who do go abroad on a working holidays, head to the UK. This is because of UK PAYE Tax Refunds! But what is it and what are the real benefits?
PAYE Tax Refunds
This is a process whereby an individual can receive back what they have overpaid in tax. Throughout the tax year if we go over the threshold we are then illegible to receive a refund at the end of our stay. This ultimately makes PAYE Tax Refunds a miniature savings account without the feeling that you are saving.
Those With a Trade
Individuals with a trade around home improvements have an added advantage when working in the UK. This is because construction work is at a very high point and there is plenty of room for those with the applicable skill set.
This is also a fantastic way to gain further experience for your future career. This is because there will undoubtedly be differences in the way tasks are carried out, which will expand your current skill set into a far more diverse tradesmen.
On top of this, perhaps the best benefit of them all, is the fact that you are saving money whilst you work through the form of tax. This will give you the ability use the refund as a means to finance a trip to your next destination, seemingly without even having to save.
Overall, we absolutely love the home improvement trades and love to see so many people gaining experiences in different countries, expanding their skills and receiving a fair reimbursement for their hard work. Now get out there and see the world whilst doing what you do best!