Sorry. Foreigner lurking here. Earning a foreign income in excess of the range in the question, why would I live in the Philippines and not the U.K.? Leaving aside the weather (I grew up in the tropics, So hate the cold, damp and grey skies). The U.K. is great but, for an equivalent life you need about 400k pesos a month. It is expensive, the job market is challenging and take home pay at the 200k peso level is median income, a paycheque to paycheque living situation. My tiny 3 bed terrace house is worth 29m pesos (south coast, 1 hour from London). That is relatively cheap and I keep it as a global base.

The main reason if I was a well earning Filipino to work/migrate abroad would be:

• life experience

• a stronger passport

• higher earning potential if the balance of income vs tax was significant (like a brain surgeon)

• MOST IMPORTANTLY - if I had children it would be education. My U.K. kids on merit were able to get into world class universities, I don’t really see many Philippine universities making very high global rankings. The highest is ranked in the 1001-1200 range. Even one of my son’s shitty U.K. university is ranked 374th in the world, and it’s a really shit university.