S&S ISA and CASH ISA - moving abroad...

samnorris2

Hi, I'm looking for some advise regarding ISAs and potentially SIPPs.

I have stocks and shares investments in my ISA and some cash in an ISA also.
If I was to move abroad as an expat or emigrate would I need to cash all these in? if they were held would I get any of the usual benefits?
How would this affect investments in SIPPs also as you can't withdraw from these until 55. That's not a problem, but would it all grow tax free that I could take out after 55?

Thanks

Sam

dunstonh

If I was to move abroad as an expat or emigrate would I need to cash all these in?

no.

if they were held would I get any of the usual benefits?

The only thing you may not get is tax free status. That would depend on the country you become resident in for tax purposes.

How would this affect investments in SIPPs also as you can't withdraw from these until 55. That's not a problem, but would it all grow tax free that I could take out after 55?

You cant take the money out of a pension at age 55. Indeed, you can only take it out at 60 on triviality grounds. You can crystallise the benefits after age 55 though or you can QROPS to the country of residence if you wish and go by their rules (assuming QROPS is an option with that country).

trixiefire77

This is a good article about tax after moving abroad...

http://www.telegraph.co.uk/finance/personalfinance/offshorefinance/7987209/The-long-arm-of-the-UK-taxman.html

Or try this one about the best offshore savings accounts...

http://www.telegraph.co.uk/finance/personalfinance/offshorefinance/7930079/Has-the-tide-finally-turned-for-cautious-savers.html

Hope this helps!