UK Savings Question when living abroad.

Andy_Ray

Hello,

I am a UK citizen, but for the last 3 years have lived in Canada. I am self-employed, and the majority of my income is still paid in sterling into my UK account. I know I am no longer allowed to contribute to my UK cash ISA being a resident overseas, but just wondering if I still have any savings options for my UK money. Every UK savings account I've come across requires me to be a UK resident to open them. I do still have a UK address and file a UK tax return in addition to a Canadian one. It just seems a bit ridiculous to transfer my GBP savings over to Canada as I would lose any potential interest in the transfer fees.

Any help much appreciated!

Thank you

xylophone

Do you intend to return to live in the UK?

Have you checked your UK state pension situation?

https://www.gov.uk/check-state-pension

https://www.gov.uk/national-insurance-if-you-go-abroad

NS&I could be an option, although returns are not spectacular.

https://www.nsandi.com/i-live-outside-uk-can-i-invest-with-nsi

Andy_Ray

Not in the immediate future, but most likely a few years down the line.
I haven't, up to this point I have never paid into any pension, will look into it though.
Thank you for the NS&I tip, I already have some premium bonds with them, but will look into their other savings products. Many thanks