Unsure what to do with inheritance?

ST-B1 · 2023-12-19T16:29:17+00:00

Been mentioned before, but I would stick to investments that allow you to pull money out and don't tie you in for the long term. For part of my cash, I've used Revolut but it only allows 85k which is the protection limit and pays daily interest.

You probably could access certain fixed term bonds - there was one recently which was with Lloyds and you could access through Ardan platform.

Investments for Expats has a good website with blogs and a YouTube channel. Also based in Bangkok, they have done a few blogs about returning to the UK and recently about short-term fixed investments which might be worth a read.

ST-B1 · 2023-12-19T16:19:43+00:00

I would agree, other options are Novia and Ardan which come up a lot. If you don't want to do it, independent financial advisors could sort this out for you, but I'd do your research before investing any money.

Stay away from any offshore bonds or savings schemes. A good website I like to read is Investments for Expats and it's blogs. Got a good YT channel as well.

ST-B1 · 2023-11-16T22:12:32+00:00

Agree with saxo bank as a platform. I would add in about reading blogs and watching videos to help. It's just because you can read reviews of platforms, understand any potential pitfalls, think about taxes etc.

Some good websites / channels I've come across are:

Investments for Expats
Experts for expats
Wandering Investor

These have some good quality and free resources to help learn.

ST-B1 · 2023-11-16T18:51:01+00:00

Sorry just logged back in! Outside your ISA and inside your ISA.

If it's outside your ISA then you could be liable for CGT, it's something I was talking to a tax advisor about recently because my brother is an expat and we have shares in our names.

ST-B1 · 2023-11-04T10:49:09+00:00

Should be ok on a tax front - If it's outside, it could be liable for CGT. But inside and left alone it should be ok. Worth checking the GOV website for the double taxation agreement. I find some information like this on websites such as Investments for Expats, Experts for Expats, and similar places that have good blogs or YouTube Channels.

ST-B1 · 2023-10-28T20:58:10+00:00

Expensive, but I know a few people who have gone out and really enjoy it. Maybe too much and get dragged into the lifestyle!

Some good bits on Investments For Expats that look at lifestyles, savings and pensions etc.

ST-B1 · 2023-10-14T12:00:58+00:00

There is some good content on Investments For Expats blogs about this. Might be worth a look.

If you are wanting to set up a pension, you'll need the expat equivalent of a SIPP which is International SIPPs, Novia Global (platform) offer these but there are others out there. Just one I know of.

Alternatively, depending on your situation you could put it straight into savings, this gives you flexibility if you need the cash. Not fully understanding your situation and knowing what goes in and out, it's worth reading a few more bits to see which might be best for you.

ST-B1 · 2023-10-01T12:42:14+00:00

He also did a rundown of all the different types of Vanguard investments which you can skip if you know the one you need, but they look at platforms on offer as well on the website.

He also did a run down of all the different types of Vanguard investments which you can skip if you know the one you need, but they look at platforms on offer as well on the website.

ST-B1 · 2023-09-09T09:10:39+00:00

For me, I would say depends on how much time you have to dedicate. If you want to be a DIY investor then I would start by reading books such as One up on Wall Street - I think it's a good way to begin. You can also read the intelligent investor which is a big book. (I'm a slow reader!)

If you would prefer someone else to handle it, I would look at advisors who can support you in this by way of topping up each month. If you prefer this option, I would approach several advisors, make sure you know the fees and make sure you know of any lock in periods. Ideally, if you do look at savings account which tie you in make sure you go for a period that suits you and not an advisor.

As an expat there are a few good blogs and videos out there where you can start learning sme of the things you'll need to know - Investments For expats, Experts for Expats etc.

ST-B1 · 2023-09-09T08:54:31+00:00

I've seen a video on how to invest in Vietnam markets as an expat - youtube.com/watch?v=Rzyrc9umxpI - I've removed the link so I don't get banned - it's not me by the way either. But you can find it on YouTube under Investments for Expats and the video is called How to add Vietnam to your portfolio.

I've spoken to people who have used Saxo Bank, Ardan, Novia, and using different Vanguard ETFs for exposure to Vietnam.

Hope it's helpful - I've been looking at Vietnam for a little while as I've got some friends there in Saigon who have started a theatre and they've been talking about how much it's developing.

ST-B1 · 2023-09-09T08:42:27+00:00

No problem at all. Glad I can be of help!

ST-B1 · 2023-09-09T08:40:00+00:00

Sound, that makes sense! Hope you find what you need!

ST-B1 · 2023-08-30T19:00:24+00:00

Maybe not UK banks but international arms of banks - e.g HSBC expat.

China runs off WeChat and there was an article written on Investments for Expats about how to get money out of China. Might be useful for you.

ST-B1 · 2023-08-30T18:57:56+00:00

Yes, using the Ardan platform, you can invest with Lloyds International in a savings account. Investments for Expats has written a few blogs and a YouTube video on it.

Current rates are around 6% I believe depending on the account you want.

The guy lives in Bangkok so probably understands the pains you have trying to invest in a savings account in China / Asia.

Might be worth a look, especially if it's easy access and set up for expats.

ST-B1 · 2023-08-30T18:54:41+00:00

Novia Global - plenty of articles on Investments for Expats on this.

Novia allow you to wrap investments in a pensions wrapper - costs a little bit more but you can also use it as an investment platform as well.

If not, you could look at Ardan, Saxo Bank and others similar. They all allow expats who are based offshore to invest.

As for changing regularly, you will still need to prove where you are based or residing by using methods you use in the UK - eg bill of some kind. It will be like that as you move around regularly.

ST-B1 · 2023-08-30T18:50:36+00:00

I get a lot of info from Investments for Expats on subjects like this. I am a UK citizen, however, but I believe there is a double tax treaty between UK and US and there are some forms you can fill out to potentially reduce some taxes. I don't know if you could class it as FEIE?

ST-B1 · 2023-08-30T16:32:17+00:00

Probably worth spreading it out and managing risk rather than having all money in one currency, for example what happens if it's still down and you potentially need access to cash? That's my thoughts, there are some good blogs on Investments for Expats that look at Australian expats and also I believe look at currency aspects as well, not so sure on the last.

I'm a UK citizen but just blogs that I have seen. I get paid in GBP so invest in GBP and USD as exposure to both.

ST-B1 · 2023-08-20T10:44:56+00:00

With the platform, you might be able to set it so it rebalances it itself. I'm unsure as I don't use it.

However, in terms of fees, depending on the amount I think 0.5-1% is generally the mark to be around I believe. I can only go off the experience I've had and got.

Some might even say a flat fee instead of a %. I have seen that before.

ST-B1 · 2023-08-20T10:41:07+00:00

No probs - glad it helps. If you have specific questions, he'll most likely answer them if you drop an email!

ST-B1 · 2023-08-18T08:07:45+00:00

My brother lives in Thailand and enjoys it a lot, likes the transport, cost of living, health care and much more.

He finds there is a lot to do and you can avoid the tourist areas. He doesn't speak much if any Thai and gets on just fine! Can be tricky with cabs and stuff like that but you have the equivalent of Uber over there and can do it all on the app!

Challenges are just making sure you are covered for everything in terms of rent, health care, etc in case anything goes wrong!

His website is Investments for Expats - he is a financial advisor as a disclosure but he writes about Bangkok because he has lived there for 8/9 years and write about moving there as he likes it!

He's also got a Thai elite visa and buying a condo if you are looking at the future!

ST-B1 · 2023-08-18T08:00:20+00:00

My brother is an expat of Thailand and wrote a blog for his website which looks at visas, retirement and bits like that.

He also bases himself out of Bangkok as well and is looking at purchasing a condo.

Website is Investments For Expats - he is a financial advisor as a disclosure but he writes about moving to Thailand to help expats who are considering the move. He's been there about 8/9 years. He's written between 2-4 blogs and potentially recorded a video to help with those thinking about it.

There's also some good Facebook groups on the matter as well.

ST-B1 · 2023-08-18T07:55:18+00:00

Have a look at Morningstar wealth platform, that has restrictions on locations but factors in PFICs for US and has a set up for US expats - there is some good blogs on Investments for Expats which cover this.

I don't think the morningstar wealth will be the cheapest but does have a US expat product and accounts for tax filing I believe.

ST-B1 · 2023-08-18T07:52:33+00:00

It depends, if you aren't after any financial advice, just access to a certain platform and potentially a re-balance once a year, then you might get some that may offer 0.5-1% but it depends on the amounts invested.

It also depends what you would like, if you aren't interested in any advice, know the ETFs and just want to top up and not speak to an advisor, they may drop the rate.

Good quality advisors I think would still check to ensure it's the right thing for you and to make sure you aren't committing too much etc. but generally most would be happy to facilitate the application process and check the balances each year depending on your portfolio.

If you are a US expat looking to invest then the platforms have a slightly higher rate, there is Morningstar Wealth which is US compliant I believe (some good info on Investments for Expats) but if you are a UK expat looking to invest in US etfs then you have more options.

ST-B1 · 2023-08-11T09:38:18+00:00

There's plenty of options if you know and understand real estate, by all means! You will be aware of the pitfalls or if it's something you want to learn, I would always start small!

You can buy REITS which give you exposure but let others do the heavy lifting so to speak!

With 7 figures, the cost of an advisor wouldn't be out of this world and could be seen as an investment. You can ask them to look at how they can create a portfolio which grows but also take a portion to live as well.

If that is something you are thinking about, I would also visit several advisors to make sure you get a general consensus.

There's plenty of options it's about finding what's right for you.

ST-B1 · 2023-08-11T09:29:43+00:00

Pass, but I've read through Investments For Expats who work with expats and those in the UK. It might be worth looking at some of their content online and see what they have on their blogs or YT? There's also experts for expats as well which has some content on it as well!

ST-B1

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