As an Expat, you have a unique set of financial circumstances. That’s something we have first-hand experience with and understand quite well because the founders of Headway Wealth are British Expats who lived overseas and returned to the UK.
We know that living abroad is exciting, but that can be tampered by the changes and planning required to ensure you comply with domestic (UK) and international finance and tax laws. This can all feel a bit overwhelming, but we are perfectly positioned to help take the strain.
WORKING FROM YOUR DESTINATION
Ultimately, as an Expat, your plan will rest on the goals you set and the people you are responsible for. Your plans for retirement – wherever it is in the world, your family situation, your appetite for risk and your likely expenditure, are the outcomes we need to work towards.
YOUR PERSONAL CIRCUMSTANCES
In your world, there are a bunch of important considerations that will determine how best we make Headway together. These will include your tax status at home and in the UK, the legislation surrounding your retirement options, your access to your state or private pension and, of course, looking at how best to manage all your assets and investments no matter where they are in the world. If you have a business, things become more complex depending on where it is based but we will dive into the details with you.
LISTENING TO YOU
The best way forward will, of course, depend on where you, your family or your business are right now and where you want to get to, both literally and metaphorically. That’ll mean asking you a lot of questions and doing a lot of listening.
BUILDING A PLAN
With a more in-depth understanding of your plans living overseas, your income, your debts and any savings or investments you may have in place, we can start to build a plan to build the future you envisage for your whole family.
Typically, this will mean looking at your key landmarks in the years to come. We’ll look at where you want to live, how long you want to work for and the plans you want to make. We’ll look at how many children you have and whether there might be more to come! We’ll discuss the contributions that you and your partner may be able to make to the family plan. And we’ll also explore the risks (personally and professionally) that could stop you from making headway and the events that could require a change of plan.
REVIEWING YOUR TAX SITUATION
We’ll review your family tax situation, share more information on the intricacies of Double Taxation Agreements, Wills and Inheritance Tax internationally; all to ensure that you are managing your money in the most tax-efficient way possible both for the present and the future.
NEW VIDEO SERIES
Cross-Border Financial Planning Podcast
In this series, our team of Expat advisers share some key tips and financial considerations for our Expat clients who live overseas or simply for those looking to move outside the UK.
Let’s Make Headway
Yes, there’s a lot to take into account. And there are no easy short-cuts. Which is why we’d love to start making Headway. Let’s get talking and develop a financial plan built entirely around your needs and plans for the future.
SOME OF THE QUESTIONS WE’LL ASK YOU
All expats have different circumstances and dreams. Your current balance between savings and debt will need to be balanced against your ongoing financial needs. Different countries have different tax regimes and relationships with the UK. Currency fluctuations can be challenging. Your decision whether to return to the UK at some point could have a huge bearing on your finances. By chatting to you, we’ll be able to understand how best to support you. So, we’ll ask a range of questions including:
- Where are you based now, and do you intend to move in future?
- Where do you draw your income from?
- Has your employer provided you with any special benefits as part of your relocation package?
- Do you run a business in the UK or overseas?
- How have you been taxed up to this point?
- Are you saving enough for retirement?
- Do you have a private pension? A SIPP or QROPS?
- How long do you want to keep working for?
- Do you have an Expat Mortgage? Perhaps a Buy-to-Let?
- Have you considered any life or critical illness insurance for you and your family?
- Do you have a will in place?
EXPAT FINANCIAL PLANNING
Expat Saving Habits and Changing Priorities
Are you an expat who's financial priorities and saving habits have changed since you moved overseas? Would you like to make the most of your time (and sometimes higher pay) whilst being abroad?
Are You An Expat Looking To Move Back To The UK? Here's What You Need To Know
Are you a British Expat looking to move back to the UK? If so, have you considered what this might mean for you financially and the allowances and tax breaks you might be entitled to upon return?
UK Mortgage Solutions For Expats And Foreign Nationals
With UK rents rising the fastest in 13 years and the value of British homes increasing by 20% in the last 5 years, it is of no surprise why UK property is in high demand both at a national and international level.
WAYS WE CAN SUPPORT YOU AS AN EXPAT
Building a financial plan around your needs.View
Managing and Investing your assets: stocks, shares, property, ISAs and cash.View
Pension planning, pension consolidation, pension finding and managing your pension contributions.View
Advising you on income tax, inheritance tax, double taxation agreements and capital gains tax.View
Expat Mortgages, residential mortgages, commercial mortgages, buy-to-let mortgages and remortgages.View
Income, critical illness, and life insurance.View
A retirement plan to allow you and your family to relax.View
Will writing, trusts, estate planning and administration.View