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Where Taxpayers and Advisers Meet

What’s the most tax efficient way for an expat to save for retirement?

samuzza
Posts:1
Joined:Wed Mar 28, 2018 2:31 pm
What’s the most tax efficient way for an expat to save for retirement?

Postby samuzza » Wed Mar 28, 2018 3:25 pm

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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