Online broker whilst living abroad

MarcoM

Hello,

Has anyone kept their investments with a uk based online broker whilst living abroad?
I know vanguard.uk do not allow their customers to keep their account if the move overseas, but I was wondering if the likes of HL allow this.

wmb194

MarcoM said:

Hello,

Has anyone kept their investments with a uk based online broker whilst living abroad?
I know vanguard.uk do not allow their customers to keep their account if the move overseas, but I was wondering if the likes of HL allow this.

Depends on where you go.

https://www.hl.co.uk/help/profile-settings/your-profile/moving-abroad

MEM62

A lot of brokers will not be authorised to deal with residents of overseas countries.  

dunstonh

Has anyone kept their investments with a uk based online broker whilst living abroad?

Depends on what your country of residence will be.    EU, US and sanctioned countries will see UK providers less able to provide services (often only retention).   Elsewhere, less restrictions.

I know vanguard.uk do not allow their customers to keep their account if the move overseas

Not correct.   They actually restrict more than most.

For most countries with them, you can no longer deposit money or switch funds and if you move the US (or sanctioned countries) you will need to close your accounts.

dont_use_vistaprint

MarcoM said:

Hello,

Has anyone kept their investments with a uk based online broker whilst living abroad?
I know vanguard.uk do not allow their customers to keep their account if the move overseas, but I was wondering if the likes of HL allow this.

Everybody I know does, same with Isa’s and mortgages but not paying into any investments, ISA, SIPP. Technically you would be breaking the terms and conditions of these providers, but that’s it.

if you want to invest more while you’re an expat, your best bet is HSBC jersey platform, and a dollar account. You can also make a good return on UK treasury bills, the ones with 0% coupon as you are exempt from CGT.

MarcoM

dont_use_vistaprint said:

MarcoM said:

Hello,

Has anyone kept their investments with a uk based online broker whilst living abroad?
I know vanguard.uk do not allow their customers to keep their account if the move overseas, but I was wondering if the likes of HL allow this.

Everybody I know does, same with Isa’s and mortgages but not paying into any investments, ISA, SIPP. Technically you would be breaking the terms and conditions of these providers, but that’s it.

if you want to invest more while you’re an expat, your best bet is HSBC jersey platform, and a dollar account. You can also make a good return on UK treasury bills, the ones with 0% coupon as you are exempt from CGT.

Hi would the dollar account be with HSBC?

chiang_mai

Yes, I have. I opened my HL SIPP during a stay in the UK in 2018, several months later I returned to my home in Thailand. I subsequently notified HL of my change of address and they were perfectly happy with my move. I can and do transact on my SIPP from Thailand and there are no issues. I am unable to open another SIPP whilst overseas resident plus I cannot use the savings account facility.