Personal Finance & Money Asked by VolatileStorm on June 1, 2021
I am young Brit, beginning my career as a scientist in Germany. Over the
last few years I have accrued a sum which I wish to invest as long term
savings, however the life of a scientist is one of regularly changing
country (every 1-2 years). For this reason I wish to keep my
savings in the UK as to avoid regularly paying fees for moving the
money. This said, when looking for banks to invest with, it seems to be
difficult to find those that will accept accounts for
non-residents/ex-pats.
As someone living outside of the UK, how do I get started with
investment in the UK?
I am not an expert by any mean, but... Investing through a share ISA in the UK is VERY tax efficient and one is allowed to invest £20,000 / year tax free.
"If" you were tax resident in the UK for a year or less (between jobs?) it might be interesting to pile up to £20,000.
Although I am not 100% sure, I doubt this would become taxable if you then go and work abroad again...
Unfortunately, all this is related to "tax advice" and you might need to take professional advice in regards to the country you work into.
Best
Eric
Answered by Eric Mamet on June 1, 2021
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