Moving to America, what to do with my savings?

Plarka_2

I have a stocks and shares ISA (HSBC , and a 5 year fixed ISA. I think I have 2 years left on the fixed. I read in the details of one of them that says I need to be a resident to have an account.

Do I need to close them, and where can I look to start the huge research of best accounts in the US? Will I just take the money out of the stocks and shares ISA and then where do I put it in between buying new stocks and shares?

I have no idea what to do, help!

colsten

You can keep your ISAs if you go abroad, you just can't deposit new money into it.
http://www.hmrc.gov.uk/isa/faqs.htm#14

So that leaves you plenty of time to figure out what is on offer in the US once you got there.

Plarka_2

Oh my gosh that is great news, what a relief!!!!! Thanks!!!!!!

atush

And will you be coming back? If so then you might want to keep it in GBP?

Keep open any bank accounts you have like a current acct and savings accts- ones with internet banking are best. use a relative's address for any correspondence. Very hard to open new ones once you have left.

If you will return, you can pay voluntary contributions for state pension if you want to.

Do be aware the US rules mean you have to declare world wide income.