Offshore investing

Holding money offshore is a basic financial planning tool for expatriates. Offshore banking puts expats firmly in control. You have the peace of mind of knowing that your money follows you wherever you go and can pass quickly to your heirs when that time comes. By depositing your money offshore expats have more flexibility in making transactions when living and working abroad, and for most nationalities you can legally remove your money from the taxation system of your home country. In most cases investments in offshore jurisdictions, such as the Isle of Man, enjoy a far greater degree of security of investment.

Financial insurance

Protecting yourself and your dependants against illness and death is one of the most commonly overlooked aspects of financial planning by expats. While retiring with inadequate savings will probably cause some discomfort, failure to insure against the unexpected can be catastrophic. Retirement savings take a long time to build up but most protection benefits are payable as soon as you make your first installment! The main forms of insurance protection are life insurance, critical illness insurance, health insurance and income protection insurance. They are all designed to replace or minimize lost income.


Expat savings plans can be either regular savings plans or plans that involve the investment of single lump sums.

1. Regular savings plans are generally medium to long-term investments that provide for future needs, like retirement income.

2. Single lump sum plans sometimes provide for future needs but will often provide for current immediate income needs.

Asset protection

This aspect of financial planning is put in place to mitigate tax liability as well as ensuring that your estate passes to those whom you choose and when you choose.

Many of the insurance and savings plans offered by brand named financial institutions incorporate all of the tax planning and estate planning features needed by expat investors.

In some cases additional tax planning and estate planning is necessary in order to meet all of the needs of an expat investor. This is often done via offshore trusts, companies, foundations and similar structures. The detailed knowledge necessary to build a personalized plan for an expatriate client means that you should always use a professionally exam qualified financial adviser.

For more information and obligation-free personalised financial advice for your circumstances please contact us.