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Saving whilst living abroad.
waddle_jl
Posts: 1 Newbie
Hi
I am currently working in Switzerland and trying to save up money for when I return to the UK (for a mortgage).
Initially I assumed I could just open an ISA, but I cannot due to tax purposes. Other people have said I can also not open a normal savings account, since I am not currently a UK resident.
I have not got enough to open an offshore savings account, but really want to get started.
I am also not sure about opening a savings account in Switzerland as I am unsure if I'd have to pay tax and charges when transferring it back to uk. However I could make money out of the exchange rate.
Any advice?! I want to put in a regular amount each month, but not take any out?
Cheers!
I am currently working in Switzerland and trying to save up money for when I return to the UK (for a mortgage).
Initially I assumed I could just open an ISA, but I cannot due to tax purposes. Other people have said I can also not open a normal savings account, since I am not currently a UK resident.
I have not got enough to open an offshore savings account, but really want to get started.
I am also not sure about opening a savings account in Switzerland as I am unsure if I'd have to pay tax and charges when transferring it back to uk. However I could make money out of the exchange rate.
Any advice?! I want to put in a regular amount each month, but not take any out?
Cheers!
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