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Expat financial advisors in Grand Cayman

Notifying your bank

If you wish to leave some or all of your UK bank or building society accounts open, you can complete form R105 and contact your institution to ensure that it is still happy to hold your savings even though you will no longer be a UK resident.

Furthermore, it is worth asking your bank or building society if it will be willing to pay your interest gross.

Considering your pension

There are many options available to UK citizens looking to reside in the Cayman Islands. For example, the Cayman-UK double tax treaty makes it possible for expats to receive their UK pension gross. Furthermore, expat financial advisors in Grand Cayman may be able to help you take advantage of the increased flexibility that has been available to UK pensions holders since 2015.

Blacktower, for all your financial advice in the Cayman Islands

The Cayman Islands is rightly considered to be among the world’s most favourable financial jurisdictions and with the right advice UK residents can thrive here.

Here at Blacktower we work to ensure that our clients receive the financial products and services that best advance their financial objectives and circumstances.

For more information from our expat financial advisors in Grand Cayman, get in touch with us today.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

British expats in the Netherlands could do with more financial help

French FlagWe all need a little bit of extra help from time to time.

For instance, in one popular expat destination, the Netherlands, research was recently published to suggest that many expats could do with more financial help.

The survey, carried out by the International Community Advisory Panel (ICAP), an independent foundation hoping to strengthen the connection between the Netherlands’ international community and the Dutch government, has shown that the majority of expats living in the Netherlands do not receive enough help from the Dutch government when it comes to several key matters, including finding affordable housing and integrating their children into the school system.

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BLACKTOWER VIEW – Tips from the Top

John WestwoodJohn Westwood, Blacktower Financial Management’s Managing Director, founded the firm in 1986 after previously forging a career with Schroder Financial Management that saw him develop a reputation as one of the leading financial advisers in London.

In 1999, John founded Blacktower’s first European office, in Portugal’s Algarve region, and since then he has been instrumental in ensuring that the Blacktower group moves from strength to strength. However, despite his ongoing commitment to innovation, he continues to operate at the “coal face”, providing advice to many high-net-worth clients within the European and international markets.

In this week’s Blacktower View article, John reflects on the thirty-plus years he has spent working as a wealth manager and financial adviser, while also offering some useful advice for investors and business people alike that he would now give his younger self.

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