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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

Misconceptions about Pensions

Pensions might not be the most exciting or glamorous aspect of the financial world, but their importance cannot be overstated. Planning ahead and ensuring you have sufficient pension funds for retirement will not only provide peace of mind in the run up to retirement, but also ensure that you are able to live comfortably and […]

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Will Writing, an Important Part of Expat Financial Planning

Ink pen and writingA full evaluation of your Will writing options should be an essential aspect of any expat financial services plan. If you have interests across two or more jurisdictions, whether they are business, investment, familial or lifestyle you need to be educated and aware of the implications that this can bring.

For example, when you have assets in both Britain and another country, it can be confusing to know whether you should write a single Will covering all the assets in both jurisdictions or whether you should write separate Wills: one for each jurisdiction in the language of that region/country.

Unfortunately, without expert legal and expat financial services advice, it may not be possible to answer the question with any confidence. You should consider all of the following:

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