Guide To Your Wealth Management - Expat Savings Reviewexpatsavingsreview.com/expat-wealth-management.pdf · Guide To Your Wealth Management 3 the best rates for expats Expatriate

The best rates for Expats

Guide To Your Wealth Management

Guide To Your Wealth Management www.expatsavingsteam.com

2The best rates for Expats

3 - Why Read This Guide

4 - 7 Risks Facing Larger Expat Savers

6 - Introduction to Portfolio Bonds

7 - Wealth Management & Tax

8 - Wealth Management & Insurance

9 - Wealth Management & Your Financial Future

10 - Taking Control of Your Wealth’s Management for

Maximum Gains and Returns


Disclaimer:Everyone’s personal financial situation is individual and unique – therefore, not only does the content of this guide not constitute financial advice, it may not be wholly applicable or adaptable to your own fiscal position. It is critical that you seek professional financial advice before taking any decisions relating to your wealth and the management of it, and that the advice you seek is from a qualified individual who is able to advise you from an independent point of view.

Get in touch: T: 0121 696 4616 - E: [email protected] more information?



Expatriate wealth management is the complete management of your financial affairs – from how and where you bank, to how your tax status is managed, how your physical assets are owned, where your money is invested and how you structure your affairs so that they are appropriate for your status and position today, tomorrow and into the future.”

In this guide we’re going to outline the main elements that you need to consider when you move abroad, and how they all interlink when it comes to the effective management of your wealth. We will explain why each given aspect of your financial status is important to focus on, and give suggestions about where you might begin getting the help and advice you need to effectively manage your wealth for the best possible returns.

Additionally in this guide we will cover the 7 risks that savers with larger sums of money need to avoid!!!

Following on from this discussion we will look at one of the most frequently discussed, recommended and utilised products for wealth management purposes for expatriates nowadays – i.e., the portfolio bond.

This wrapper has become one of the most useful tools in many an expatriate’s armoury as they work to enhance their financial status

now that they are abroad and in a strong position to make the very most of their new tax status. Because a portfolio bond could be recommended to you by your wealth manager if you choose to explore your wealth management options, an exploration and examination of this instrument must therefore form an integral part of this report too.

Finally, you clearly need to know what is the right path for you to take based on the options available to you today for the management of your wealth, and with consideration given to your entire financial position as well as your long-term plans for example. Having downloaded this guide you can have access to such advice on a free and no obligation basis thanks to the wealth mangers we worked with when researching our expatriate financial guides for you.

You can work with them to build your own personally optimised wealth management report, which will marry your overall fiscal position, ambitions and goals with the best savings and investment options available to you.

Simply get in touch with us and we will help you get a personalised and individually optimised wealth management report from a qualified and regulated financial adviser specialising in expatriate wealth management.

Why Read This Guide‘wealth management’ is a concept that all expats need to

understand and really get to grips with. You need to take a

complete approach to managing your entire financial status if you

want to enhance your position to the best of your ability.

Get in touch: T: 0121 696 4616 - E: [email protected]

“Build your own personally optimised wealth management report,”



1) Never rely on comparison sites’ best buy tables! These only ever detail the basic interest rates available to the vast majority of savers – i.e., those who have far less than you to place on deposit.

All financial institutions seeking savings deposits will reward larger savers with better interest rates. However, the interest rates available to people like you are never advertised…and you have to know where to look to learn about them. That’s where your wealth manager comes in handy. They will know who’s willing to offer you more at any given time.

2) Think long and hard and plan carefully to make sure the right amount of your personal wealth is correctly distributed between different types of accounts. All too often even the most wealthy people place cash on instant access deposit when in truth it could be working far harder if place on fixed deposit.

A good wealth management adviser will help you determine how much you need close at hand, and how much you can carefully lock away.

3) You need to know how much of your cash is protected depending on how and where you save or invest it. Most people know the FSCS limits in the UK and what sort of deposits are protected – but as an expat saver who’s investing internationally, you need to keep abreast of the regulatory environment and investor protection schemes in place wherever you have wealth saved.

7 Risks Facing Larger Expat Saversif you have over £100,000 (or currency equivalent) to save, invest or in

your pension, you’re at risk of the following pitfalls. contact us to work

with a wealth manager, qualified and regulated to assist expats, who can

help you avoid these commonly encountered wealth-destroyers…

“ A good wealth management adviser will help you determine how much you need close at hand,



4) Remember also that some banks and institutions have the same parent company, and well-diversified wealth carefully distributed might not actually be as well protected as you thought if some of the banks you’ve chosen have the same parent. If in doubt contact us for more information about the institutions you’re looking at and we’ll do all we can to help you.

5) Never forget that headline rates come to an end. Set up reminders so you know when to move money to avoid being dumped back down to basic interest rates at the end of a bonus term.

6) Revisit your decisions regularly. Money markets move…many things can impact your chosen savings or investment path for better or worse. Stay abreast of where your money is placed and how well it’s doing. Be prepared to move underperforming solutions as often as required to stay on top of your wealth’s advancement.

7) Finally, don’t make the mistake of thinking that your money is better off in the UK now that you’ve moved abroad. The tax breaks you may have enjoyed on an ISA or pension disappear when you become an expat for example. What’s more, the international financial marketplace is very exciting, and packed full of positive opportunities for the larger expat saver like you.

Ensure you take appropriate international financial advice from a qualified wealth manager working for a regulated brokerage. Contact us to get personalised assistance.

7 Risks Facing Larger Expat Savers Continued...

“ Revisit your decisions regularly. Money markets move

Talk to our team.Get in touch for help and advice:

0121 696 [email protected]



Top 10 Portfolio Bond Features

1. Significant Tax Advantages

2. Regular Income Facility or Lump Sum Drawdown without Penalties*

3. Easy Access to Capital*

4. Multi Currency Holdings

5. Extensive Investment Choice

6. Transparent and Competitive Charging Structures

7. Institutional Discounts on Fund Purchases

8. Assets are Ring-fenced for Safety and Security

9. 24/7 Online Valuations

10. Access to Institutional Preferential Rates

* Terms & Conditions apply. In some cases certain qualifying conditions must be met.

Main Tax Benefits of a Portfolio Bond

• Extremelytaxefficientwithregard to withdrawals

• Taxdeferredwithregardtogrowth

• IHTefficientincertainclientcircumstances (also avoids the need for Probate, ensuring quick payment)

• EU–Taxiscalculatedanddeducted at source

• EU–Noneedtoreportthepolicy on tax returns

Introduction to Portfolio Bondsone of the most popular investment structures for expatriates’ wealth

management has been the offshore portfolio bond. in simple terms a portfolio

bond, or wrapper, is a structure that combines an insurance contract and

a bank account to create a holding vehicle, through which you can invest

into many different types of offshore funds, cash deposits and assets.

“Portfolio bonds can have massivley significant tax advantages for most expats

Get in touch for help and advice:0121 696 [email protected]



If you can live anywhere, maybe negotiating a fixed tax package with a given Canton in Switzerland would best suit you if you’re high net worth – or perhaps moving to live in the tax haven of Monaco could match both your wealth status and your lifestyle requirements. Alternatively, if you’re moving overseas to a set location or you’re intending to start a business or work abroad and you cannot move to a specifically taxation enhanced nation, there are ways you will need to work with an accountant, a tax and a financial adviser to make sure you’re making the very most of the position you are in.

You will need to be advised and appraised about what is possible for you to legitimately do to enhance your tax position. Perhaps there will be specific investment paths to follow to make the most of tax attractive benefits for retirement planning. Maybe you will be advised to keep most of your wealth offshore from the nation you’re in and the one in which you’re domiciled. Possibly you will need to factor in your longer-term plans for repatriation, additional relocation or retirement in a given nation.

This leads us on to how effective wealth management is all about positioning yourself and your money matters in as advantageous a position for your long-term fiscal health…

Wealth Management & Taxone of the most important benefits of being an expatriate is that you

have a chance to enhance your tax status as soon as you permanently

relocate abroad. naturally the degree to which you can enhance your

position depends on many factors - such as where in the world you

relocate to and where you earn, invest, spend and remit your money.

Hopefully it goes without saying that there is no single solution for everyone

when it comes to any element of expatriate wealth management – and when

it comes to taxation enhancement, never was such a statement so true!

“You will need to be advised and appraised about what is possible for you to legitimately do to enhance your tax position.Talk to our team.

Get in touch for help and advice:




Depending on who you are, where you live, whether you have dependents, significant personal or business debts or liabilities etc., you may need to consider insurances such as health, life, liability and critical illness as part of your overall wealth management strategy as an expatriate. However, insurance should not be looked at independently of everything else…rather it interlinks totally with every single aspect of your financial life.

For example, if part of the driving force behind your decision to get your money matters in order and to have a structure in place for the management of your wealth is

the fact that you have children, and you want to save and invest for their future education perhaps, getting health insurance in place to care for their wellbeing and having life insurance in place for you and your spouse so that in the event of your death, your children are not left penniless or with debts, will be part of your wealth management plan.

Therefore, when considering your overall financial position and how best to manage your money matters, expect your financial adviser to focus on matters of critical insurance as part of your wealth management path.

Wealth Management & Insuranceinsurance is an integral part of wealth management.

When it comes to the protection of your position, your health

and your financial status, certain insurances are essential.“Depending on who you are, where you live, whether you have dependents, significant personal or business debts or liabilities...



You may find you’re introduced to new options, alternatives and you may discover ‘better’ ways to invest for tax, privacy or security reasons. You might even discover a way to save for a tax efficient retirement or structure the majority of your holdings beneath one umbrella for ease of investment management.

Additionally, it will be necessary to regularly revisit the wealth management structures and solutions you have in place. You may find that you need to change the level of insurances you have as your children grow up and leave home, and as your financial liabilities such as mortgages reduce. You may need to reassess your tax position as you approach retirement or move from being a basic rate taxpayer to a higher rate taxpayer perhaps. And you most certainly need to review your savings and investment solutions on a regular basis as offers and interest rates, regulations and market conditions all shift and change and suggest new, alternative and diverse paths for you to consider following for the growth of your fiscal pot.

This means that wealth management as a concept is one that requires expert support and guidance and a regular review. For these reasons, most individuals who decide that the time is right for them to get a full and complete handle on their financial position decide to enlist the services of a wealth manager. Note: if you decide that you would like advice and support, advice should only be taken from those who are qualified, professional, independent and approved for the provision of expatriate wealth management services.

Wealth Management & Your Financial Futureworking with a wealth manager, you can ensure you have all elements of

your short, medium and long-term financial needs covered and met with

appropriate investments. and whilst you may be sure you’re on the right path

with the investment strategy you already have in place, a second opinion will

always prove valuable particularly if that is an informed second opinion.

“ Wealth management as a concept is one that requires expert support and guidance



As detailed you may need to look at everything from insurance and taxation, to reporting and accounting, investment and financial protection as well. Therefore, as with all aspects of financial planning, it is critical that you seek personalised advice and support from a professional and experienced adviser who is in a qualified position to guide you in all aspects involved in the management of your wealth. The way forward is to have your own individual situation assessed and to receive your own personally optimised report relating to your financial position. This is a service we are able to offer.

As stated in the introduction, we call on professionals when researching our guides, professionals who work solely towards the provision of wealth management services to expatriates for example. Therefore, you can receive not only personal advice about your wealth management position, but it can be correctly based upon a review of your entire fiscal position on an individualised basis.

Accessing this advice could not be simpler – please complete our contact form and we will put you in direct touch with a wealth manager perfectly positioned to assist you.

Taking Control of Your Wealth’s Management for Maximum Gains and Returns

wealth management is a personal solution – i.e., there is no one path that

suits every single individual. what’s more, there are multiple elements

involved in the management and enhancement of one’s fiscal position.

“The investor can either take control of the ongoing investment of his money or use the services of an investment or fund manager from the bank

Talk to our team.Get in touch for help and advice:


www.expatsavingsteam.comGuide To Your Wealth Management

EXPAT SAVINGS TEAM LIMITED11 stRatFoRD RoaD

sHiRLeY

soLiHULL

west miDLanDs

UniteD KingDom

B90 3LU


Tel: 0121 696 4616

Email: [email protected]

www.expatsavingsteam.com

Documents

Guide To Your Wealth Management - Expat Savings Reviewexpatsavingsreview.com/expat-wealth-management.pdf · Guide To Your Wealth Management 3 the best rates for expats Expatriate