Working overseas and living abroad as an expat can be life changing as you get to see the world in a whole new way and experience exotic cultures first hand. But you'll enjoy it all the more if you know that your financial matters back home are all being taken care of. This is where Alexander House Financial Services comes in.

We can help with tax planning, overseeing your savings and investments and with helping to keep you and your loved ones safe, by offering the best financial advice tailored for your unique situation. So make sure you talk to us before you get on a plane.

Are you an expat or thinking about living or working in Europe?

We can be there for you.

Alexander House Financial Services currently offer advice to expats in Europe and Australia who are still domiciled in the UK and subject to the UK tax laws. In this new mobile world there are many advantages for expatriates, not simply in terms of a high standard of living but also in terms of tax arrangements, especially if you have the experts at Alexander House Financial Services on hand. Here's a message from one of them

Richard de Jongh - Chartered Financial Planner

Our Expat Specialist
Richard de Jongh - Chartered Financial Planner

I understand the complexity and headaches that the financial planning requirements of expatriate life can bring. I’ve been there myself, trying to grasp a comprehensive understanding of the advantages and disadvantages of maintaining UK assets and savings.

Talk to Richard

Be prepared!

There are some things everyone should consider before they head off to a new country to live and work. So the more facts you have to hand, the more you will get out of your experience, both financially and in terms of your standards of living.
So here are some things to consider:

Residence Status: You can be resident, ordinarily resident or domiciled in the UK or overseas.

Residence status

This is the most important thing that expats need to ascertain as an expat as it dictates whether you pay tax back home or in your new country of residence. It can also affect your pensions, investments and assets. You can be resident, ordinarily resident or domiciled in the UK or overseas. This status is based on your long-term plans, where your property is and how many days you spend in each country in a tax year.

Healthcare: If you cannot get cover in the UK or overseas, you need to think about private medical insurance.

Healthcare

After a year overseas you lose your right to free NHS care so you need to make provision for taking care of your health and that of your family and have cover if illness strikes. If you cannot get cover in the UK or overseas, you need to think about private medical insurance. But it's worth checking out what you may be eligible for in your chosen country of residence.

Taxation: Expats should also fully utilise tax concessions before you head back to the UK or return money to UK accounts.

Taxation

Where you're living can massively affect your taxes, savings and investments. Some people benefit from moving investments offshore to take advantage of UK tax status or get more favourable pension provision. Tax years are really important so you need to understand how timing your move can affect this before you set off. Expats should also fully utilise tax concessions before you head back to the UK or return money to UK accounts. Living overseas gives you a good opportunity to reduce your tax legally, so it's well worth finding out your options before you travel as well.

Investments and Pensions: Some offshore funds and pension plans like QROPs and QNUPS don’t have the same protections as they do in the UK but should be considered provided you have a quality provider.

Investments and pensions

Some offshore funds and pension plans like QROPs and QNUPS don't have the same protections as they do in the UK but should be considered provided you have a quality provider.

Thinking about heading overseas?

Let Alexander House Financial Services help you out.

Alexander House Financial Services has a national team of specialists who can meet you face-to-face or over video links so, wherever you are in the world, you can easily be in touch with someone who understands your needs and who is familiar with the needs of expats.

As a UK-based advisory business regulated by the Financial Conduct Authority (FCA), we are covered by the Financial Ombudsman Service, so you know that you are working with trusted professionals who work to the highest standards.

Ethics is at the heart of Alexander House Financial Services. We are a team of trusted professionals and believe in full transparency. That is why we record EVERYTHING and make sure that our clients have full access to this information.

Interesting
Expat Facts

A survey carried out by HSBC Offshore in 2014 revealed some interesting insights about expats across the world:

  • Hong Kong, India and Singapore based expats have the highest salaries in the world.
  • Brazilian, Irish and Australian expats are the wealthiest in the world.
  • Over half of all ex-pats save and invest more than they did in their country of origin.
  • 31% of ex-pats earn over 100,000GBP.
  • Top countries for saving include India, the UAE and Singapore.
  • 45% of ex-pats surveyed have lived away from home for more than 5 years.
  • Only 6% of ex-pats in the USA are over 55.
  • The UAE was the considered the most luxurious destination

If you are currently living and working in Europe or are considering it,

make sure you talk to one of the expat experts at Alexander House Financial Services

Contact Us