What Happens To Investments and Pensions | Moving Abroad | Leaving the UK

There are many opportunities available to people in the UK, such as free healthcare and free schooling for 5-18-yearolds. Although we have those, that doesn't mean our country is perfect because the taxes are very high, so it's hard for people to save and invest. That's why people prefer to go abroad for their permanent residences or retirements.

Thanks for this video very helpful. I'm moving abroad but keeping my house and paying the mortgage still. Would I need to contact my bank/mortgage provider to let them know? Do I also need to let the council and HMRC know I'm moving as well? I will be on a spouse visa so I won't be earning whilst abroad and will stop paying NI and student loans. Not sure if you can help but TIA as it is confusing!

Thank you. Really grateful for the explanation 🙂👍👏

Great video, clearly explained too- thank you!
I would like to know if I can claim my pension early if moving to an EEA area? I am currently of pre-pension age.

What about Tax and moving out of the UK as a UK Citizen (leaving the UK to live and work abroad)

Currently a digital nomad abroad, returning to uk Feb 2023. Could I either arrange a phone call with you, or perhaps a meeting next year. Cheers Dominic

For ISAs, what do you mean by ‘moving abroad’? If you retain UK citizenship but work abroad for a few years are you still restricted from contributing any more to the ISA? If you retain UK citizenship would you be basically fine in any situation? Would love this answered!

Nice clear video! However I do still have a question: after 8 years living in Germany, I would like to move my state & private corporate pension to Germany as I have no wish or plan to return to the UK. Unfortunately my pension funds is not connected to a QROPS scheme code. Is it possible to move away without QROPS?

So basically when I move abroad I need to wait until I’m 57 to get my money back.. lovely innit

interesting but you need a proper mic

You can't keep a UK Bank Account open once you have left the UK. If you're outside of the UK for six months or more in a tax year, your Bank will kindly close all of your accounts for you. Then you won't be able to withdraw cash from your General Trading Accounts and ISAs because they normally insist on only allowing withdrawals to UK Bank Accounts regulated by the PRU, so no, you can't even withdraw to a Wise Borderless Account because these are not regulated by the Pru.

Hi, if I moved abroad and let out my UK property, declared the rental income as a sole trader for tax purposes. Would I still get a UK basic state pension?

I just came across your video, I have a UK stocks and shares ISA which has made a good profit of my investment, I know when I move abroad (Cyprus) I cant fund it anymore unless I return but my question is and I know Cyprus will tax any paid dividends from the ISA but will they tax profit from the sale of shares, thank you.

D Coakley
10 minutes ago

Im having some similar issues having moved abroad to within the EU. I still have UK companies and im paid dividends and a salary. The bank accounts for some of these limited companies are all UK high street banks and my mother's address is used as no longer domiciled in the UK. I had wondered if there were UK banks that would allow this setup for business?

I use Revolut and im paid in Sterling and then exchange to Euros for very little.

I may purchase UK investment property in the future too. How does this work?

Any help much appreciated.

I have contributed 17years, I am still in the UK because I was afraid of losing my contributions. After watching this video, I feel like jacking off next week. 🤣.

Is it possible to keep a UK bank account open as a non-resident? I thought that they need to be closed (I checked with Starling Bank and I was told that they cannot keep accounts open to non-residents).

Thanks for the clear and informative video, I have a question I just rang my PRIVATE pension provider UK (Standard Life) and was informed that my only option on reaching retirement age was to Cash in my Pension plan and two annuities because I now live overseas (Cyprus.) They also informed me that I would also get heavily taxed for cashing in my plans.
Is this true ?

cant hear you unless i put my speaker to 100

Hi. How much National insurance I need to pay to qualify for state pension

I left UK in june, how can I get my PAYE tax back ?

Hi, just enquiring if Portugal has a double taxation agreement with the UK? This regarding my private and state pensions which I believe will be taxed at source in the UK. Many thanks, Dave.