In the survey, around 36% of people with more than GBP250, 000 of savings and investments said that they would like to move abroad, with 14% saying that they will leave in the next two years.
35% of the respondents cited high taxes as one of the key reasons for wealthy people to consider a move overseas, whereas 44% cited weather as a reason and 43% cited crime and antisocial behavior as a reason to leave the UK.
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Further, 43% of the respondents perceived the people in the UK to be worse off financially than people in other developed countries, compared to a meager 9% who considered people in the UK to be better off.
Moreover, 30% said that the state of the UK economy has made the prospect of moving abroad more appropriate to them.
"Many high earners are concerned about what they perceive as the tax increases that followed the financial crisis. Despite good recent developments, there are still many countries around which high earners believe offer lower tax regimes and importantly, a higher quality of life," said Nicholas Boys Smith, Managing Director of Lloyds TSB International Wealth.
The wealthy people in the UK has been affected by the introduction of the 50% tax band for people earning over GBP150, 000, elimination of personal allowances, an increased national insurance employee rate and the forthcoming withdrawal of tax relief for people contributing over GBP50,000 annually to a pension.
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By GlobalData
