Cross Border Wealth Management
Wealth that moves with you
We understand that international expats regularly move between different countries and tax jurisdictions. We can help you set up portable investment solutions, that travel as easily as you do.
✓ tax-efficient investments
✓ globally portable solutions
✓ cross border wealth management
Helping you cross borders:
Do you have a number of pensions, bank accounts, investment and insurance products, spread across multiple providers and countries?
Investments that are tax efficient in one country, may not be as favourably treated in the next.
We’ll help you ensure your wealth is in the right structure for the country you move to.
Where possible we’ll help you consolidate your different arrangements into a single easy to manage solution, that you can travel with you.
Planning an international move?
Whether you’re retiring in Spain, or starting an exciting new job in Dubai, it’s essential to keep your finances are on track.
One of the biggest challenges for expats is understanding how to structure their income and wealth to support their future lifestyle and combat inflation.
When you leave your home country, many of the retirement savings that happen by default, like pensions, stop. As an expat it’s up to you to save for the future.
We can help you explore your options to manage your wealth for the long run, and stay on track for retirement.
Common Problems
01
Offshore Bonds & Regular Savings Products
It’s common for expats with insurance based investments, or regular savings schemes, to misunderstand the tax consequences of taking these investments from one country to another.
This often results in high levels of unnecessary taxation.
If you’re settling down in one country, a locally tax-compliant investment wrapper may be more suitable.
If you’re on the move, a low-cost flexible investment platform, can allow you to proactively manage your taxes as you go.
02
Incompatible Investments
Many countries don’t recognise structures from other jurisdictions, which can result in punitive tax treatment.
It’s critical to understand the impact of this, before making a move, or surrendering your investments.
Examples include:
- UK ISAs aren’t tax protected in many other countries.
- Portugal has blacklisted accounts in the Isle of Man & Jersey – taxing gains and income at a rate of 35%.
- The US Passive Foreign Investment Company rules, affect nearly all non-US investments.
- Non-UK reporting funds will have their gains taxed as income instead of capital gains if taken back to the UK.
03
SIPP & QROPS Pensions
British expats may have a number of pension arrangements like SIPPs, QROPS and International Pension Plans.
These can all be treated differently for tax purposes, depending on local tax rules where you live. Which might favour one arrangement rather than the other.
International Pension Plans
International Pension Plans are often treated as insurance based investments, rather than pensions.
You may be forced to withdraw all the funds within a certain time period after retirement – suffering extreme tax consequences and the challenge of ensuring funds grow to support your retirement..
cross border wealth management
Want to make sure your wealth travels as easily as you do?
Get in touch, and see how we can help you keep things moving.