It’s true what they say about yesterday being the best time to start saving for tomorrow. And whilst it can be hard to visualise the impact your initial contributions will have on your future, with a little bit of time and some careful planning, you will soon begin to reap the rewards. Don’t forget the Wright Brothers started out with a kite!
Aside from the lifestyle and experience, many international workers moved overseas because the salaries can be significantly higher and taxes potentially lower. This creates a unique opportunity to save while you’re away and secure your family’s financial well-being for generations to come.
Being an international expatriate opens up a whole host of offshore wealth management solutions that allow you to maximise both your returns and tax efficiency. However, it’s important to have professional advice to guide you in this process.
All Skybound financial planners are experienced in the complexities of international financial advice and as a firm we are regulated locally in every jurisdiction where we operate. To provide you with the right solution our experts seek to understand your goals, assess your attitude to risk, consider the relevant jurisdictions’ regulations, where your expat journey might take you next, and talk to you about your timeframe for investing. We do the work to make sure you achieve your desired outcome from your offshore investment.
Possibly the question we are asked the most, it all depends on what you want to save for and what the rest of your life looks like. If you would like to retire in 15 years, then naturally you choose 15 years, but this has to be something you can afford during that time. Many international workers will spend around ten years overseas, so it makes sense to save more during this period where you are earning a lot more.
Having a savings plan is even more important when you’re working overseas, as you may not have access to the local retirement schemes, or your company may not provide the same benefits whilst you’re abroad. University and professional development costs can be significantly more expensive, you may wish to travel more, or you may wish to buy an extra home locally.
One of the main attractions of investing overseas is the tax advantages that are often available. Your investment returns may be completely tax free, or if they are liable for tax, chances are it will be at a far lower rate than you would pay at home.
Skybound create tailor made solutions, as flexible and portable as your lifestyle requires. Advising you on timeframe, regular amount, frequency of investment, and multi-currency solutions. We only use safe and secure locations, with transparent investor protection and regulation and we only compare reputable, recognised companies. Just tell us what you need and we'll show you what's available!
Talk To An AdviserYou can reach us directly by calling us between the hours of 8:30am and 5pm at each of our respective offices and we will immediately assist you.
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