News & Insights

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.

Other News

NEWS WRAP – HNWIs in Spain Braced for Budget

Spain's CongressLast year produced a great deal of polarity and fragmentation in Spanish politics; with elections in April and November unable to resolve the uncertainty, and both polls ending with inconclusive results and no majority in government.

However, January 2020 has delivered significant but not necessarily welcome news for expats in Spain; parliament has agreed the formation of a coalition government. The alliance of two-left-wing parties is a landmark event that signals positivity for the country, but HNWI expats may not necessarily be jumping for joy.

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Abandoning the ‘Lottery Mentality’

Lottery ticketNearly everyone dreams of winning the lottery and sailing into their sunset years of retirement aboard a superyacht of financial freedom and security. The problem is, however, that simply buying a lottery ticket is very unlikely to result in anything other than the needless spending of your hard-earned money.

In fact, when you buy a Euromillions ticket your chances of winning the jackpot are just 1 in 139,838,160* – you are almost certainly more likely to be struck by lightning or involved in a road accident while on the way to buy your lottery ticket than of winning the jackpot.

Read More

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