What’s the most tax efficient way for an expat to save for retirement?
I want to invest in low-cost passive funds (e.g. Vanguard ETFs).
I’m British, but working in Thailand. I don’t know whether I’ll be retiring in the UK or Thailand.
Currently I have an overseas account (execution only) with SVS Securities in London. I invest in Vanguard ETFs.
Is this a good way to save for retirement?
My concerns are 1) If I retire in Thailand, would I have to pay taxes in the UK and Thailand if I sell securities in the UK and then transfer the money to Thailand?
2) If retire in the UK, will I have to pay taxes when I start using my portfolio for my retirement?
Ideally I’d like to have an ISA, but as an expat I can’t. Is there anything similar to an ISA for an expat?
Are there better ways to go about saving for my retirement than what I’m doing at the moment?
I plan to get some advice from a tax advisor soon, but doing some groundwork first to get my head around things.
Also, how much should I be paying for tax advice? I’m a newbie to this stuff. Hope my post is clear.
Cheers for any advice in advance.
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