Saving in the UK from abroad?

artha

How does a UK citizen who is currently working abroad permanently (paid in Euros) invest/save in UK accounts? Is it even possible? With the current high value of the euro, being able to convert this to pounds for a future return to living in the UK seems attractive

agsnu

Most UK banks won't open you an account if you don't have a current UK address due to money laundering regulations. You can save in sterling in many offshore banks, though, for instance in the channel islands or isle of man - but be aware that you will not be covered by the FSCS (as depositors of KSF IoM and Landsbanki Guernsey found out...)

Cook_County

The country of residence may have tax not just on the interest, but also on currency gains, wealth tax, tax on ISAs, UK endowments, pension plans etc.

It is foolish just to look at one aspect without knowing which country & the overall financial position in that country.