The rising cost of living can be damaging if not managed carefully. The “pace” of these costs is captured by inflation measures, such as the Consumer Price Index (CPI). Yet, how exactly does inflation affect your financial plan? What are the long-term consequences, and what can you do to guard against inflation? Below, our financial advisers offer some answers for expats as you consider how to approach the cost of living in 2025.
Category: Financial Planning
5 traits to look for in a financial adviser
Working with an adviser is an important decision. For many expats, simply asking for help with their finances is a big step, but it can be immensely helpful to build wealth, plan for retirement and navigate complex financial situations. Choosing the right financial adviser is vital. Not all advisers are created equal. To make sure you get the best help, you need to choose the right professional for your goals, needs and situation. By evaluating specific traits in different advisers, you can narrow down your choice.
How could AI feature in financial planning?
Should you rely on a robot to plan your finances? How much should you manage yourself, and what role should a human adviser play in your goals and strategy? Artificial intelligence (AI) is still taking the world by storm, with the arrival of DeepSeek (China’s new competitor to US-based OpenAI) shaking the markets in January Read the full article…
Offshore banking: do I need it to grow my wealth?
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 Read the full article…
Moving abroad: a checklist for 2025
Around 23% of British people are planning to move overseas within the next 5 years. Reasons for wanting to leave include the high cost of living, the high cost of UK property, and attractive employment opportunities abroad.
If you are thinking of taking the plunge, it is important to plan ahead. In particular, your wealth and finances need special attention to ensure you can support your lifestyle and move towards your long-term goals.
Autumn Statement published: how it affects expats
On the 30th of October 2024, Chancellor Reeves stood before parliament and delivered her first budget. It includes a range of tax rises, borrowing and spending commitments.
Most of the media coverage has focused on how this Autumn Statement will affect household finances in the UK. Less has been said about its potential impact on expats.
What is unique about financial planning for expats?
As a British expat, it is vital to have a financial plan to help you progress towards your long-term goals. With a strong plan whilst living overseas, you could take advantage of a special chance to grow wealth and maximise financial freedom – especially in retirement.
Yet, financial planning for expats is often different from financial planning for people based in the UK. There are unique challenges and opportunities to consider.
Could the Autumn Statement hit expats?
The Autumn Statement is typically one of two key dates in the UK’s financial calendar (the other being the Spring Budget). This year, the Chancellor (Rachel Reeves) is expected to announce the new government’s Autumn Statement on 30 October 2024. There is plenty of speculation about what policy changes it might contain. However, how might the Chancellor’s decisions affect those living abroad?
Financial wellbeing – should you curb spending or increase your income?
Wellbeing is defined as a general state of comfort, health and happiness. It is vital for functioning well in life, emanating from your thoughts, actions and experiences. Whilst wellbeing is very much an internal dynamic (in our minds), our financial circumstances play an important role in determining how we feel about ourselves and our surroundings.
Will interest rates keep falling in 2024?
The Bank of England (BoE) recently took the significant decision to lower UK interest rates on 31 July 2024. The Monetary Policy Committee (MPC) chose – narrowly, by 5 votes to 4 – to lower the base rate from 5.25% to 5%. Naturally, this has important implications for savers and borrowers. Traditional wisdom states that the former suffer when interest rates decline, whilst the latter (e.g. those with mortgages) benefit.