There is more flexibility and tax-friendly saving and investment when you are a non-tax resident in a country. It is possible to enjoy better financial growth, pension investments, higher incomes, and better protection from taxation.
However, you need to understand the financial services and products that are available for the expats so that you can choose the one that will be the best for you and your circumstances. This needs experience and knowledge, thus you should look for a expert financial advisor for expats to get the right advice. You can visit www.expatwealthatwork.com for the best finance management.
How a professional can benefit you? What all do they assess?
- Where you stand financially and where you want to be in the coming future.
- The retirement goals you have
- The financial needs of your family
- The needs of your children education
- The healthcare needs you to have
- The taxation liabilities of the country that you are a resident of
- Inheritance laws of the country that you are a resident of
It is the job of a financial advisor to assess all these factors and offer a long-term and comprehensive strategy that includes your pension options, investments, savings, taxation, and estate planning.
How much will it cost you?
The initial advice provided by a professional is free. Once you know that you are happy with the report or not, you can negotiate the price as per that. The fee is generally disclosed by the professional at the beginning itself. You will need to pay for the pension transfer. There will be also annual charges that you will need to pay.