Working Overseas: Making Your Points

In this month’s Actuary Magazine Tim McMahon outlines the new requirements for actuaries wanting to work in the UK and provides a summary of the UK governemnt’s points based immigration system.

The requirements for the Tier 1 (General) visa (previously known as the Highly Skilled Migrant Programme) were changed in April 2010 to permit applicants with only a Bachelor’s degree to apply but requires higher previous earnings.

The trade-off between lowering the minimum educational requirement to a Bachelor’s degree, while increasing the earnings requirement, has benefited actuarial applicants. This in turn helps employers as the Tier 1 visa does not require the employer to sponsor the overseas employee or to apply for a work permit. The Tier 1 visa readily permits the holder to work in the UK and to switch employer as they wish.

Dr Geraldine Kaye, managing director of GAAPS Actuarial, says:

“We are delighted about these welcome changes to the points-based system, and these will allow UK employers to continue to tap into the international market for the right skills / experience.”

Read the full article

Search for Actuary Jobs in the UK

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One response to “Working Overseas: Making Your Points

  1. physician assistant

    Great information! I’ve been looking for something like this for a while now. Thanks!

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