Investment portfolios

An international investment portfolio enables you to build a lump sum investment in a tax efficient way. The portfolio is dedicated to meeting your medium- to long-term objectives. It is suitable for people with a lump sum to invest for a minimum of five years who are seeking regular income, growth or a combination of both.

Managed pension accounts are designed for expatriates who wish to transfer their UK pension to another jurisdiction without incurring charges and penalties. When, for example, they leave the UK to permanently live abroad, or when a person born abroad has built up benefits in a UK pension scheme and decides to return to their home country to retire there.

Regular savings and income accounts

Regular savings accounts are ideal if you want to save for your future regularly but flexibly. They provide the potential to build up cash for substantial future expenditures, such as school or university fees, or supplementing income on retirement. Income accounts are for those who can afford locking their monthly surplus for 5 or 10 years and commit to this term, allowing to build a healthy, slightly more aggressive return. 

General savings

Even if you have no pressing need to save right now, it’s always prudent to accumulate wealth and prepare for the future. Regular savings plans are a disciplined saving routine and, as your regular saving becomes habit, you can save for a house deposit, dream holiday or potential future expenditure.

You can start from as little as the equivalent of $USD300 a month and your savings plan can be adjusted in line with your personal circumstances. You can also make withdrawals when needed as well as make lump sum deposits when the opportunity arises. 

Why most working expatriates will find offshore banking useful

There are number of good reasons. First and foremost is the potentially huge tax saving you can make by placing your savings offshore.  If you achieve UK non-resident status then you do not have to pay UK income tax on interest from your savings.  Trouble is, any savings income you earn from an account held back in the UK will automatically have at least 20% tax deducted from it. We are here to help you create a legitimate tax-free arrangement .

Offshore centres

So you should send as much as possible of your money to a bank account based in one of the offshore centres most trusted by British expatriates – the Isle of Man, and the Channel Islands of Jersey and Guernsey – where no income or capital gains tax is deducted from interest earned on savings.

If you have funds on deposit with a bank or building society in the UK, it is sensible to move these offshore as soon as you know you will be moving abroad. Specialist expat tax advisers at InvestoreCare Group say that if you can delay the date when interest is credited until after you leave, you can start accumulating tax-free interest even before you travel.

Money on the move

Another reason to open an offshore bank account is that it is a handy, neutral base to keep your money if you are travelling the World from contract to contract. You can leave your money there gathering untaxed interest rather than move it around endlessly as you move, with the inevitable loss of interest and the possibility that you fall into a tax net. With secure internet messaging you can still operate your offshore account from wherever you are.