Similarly, some more traditional UK based investment options (such as ISAs) are not available for non-residents and expats living outside the UK. For example, an ISA represents a relatively safe, convenient and tax efficient investment option.

Unfortunately, ISAs are only available for UK residents which means that if you live and work outside of the UK, and are not regarded as a UK tax resident you will be unable to open a new ISA or contribute any more to an existing  ISA.

It is, of course, possible for an individual to hold an ISA before leaving the UK and, depending on the new country of residence, it is important to understand if the ISA would still be tax efficient in the new jurisdiction. For all expats holding ISAs it is sensible to explore potential options which could be more tax efficient in both the short and longer term.

Understanding all of the available investment options for expats can be complex and confusing which means it is important to get independent advice from a qualified adviser if you are unclear about your best course of action.

Many expats will opt for a mixture of investment products, often managed by a financial adviser or wealth manager.