Investing for nomadic nonresident

Fiscal_nomad

Hi all

After 42 years of scrimping, saving,12 hour shifts and telling the boss what he wants to hear I have a plan and I know if I get this bit wrong, it could end very badly and I will lose everything.

I am planning a round the world trip lasting many, many, years. I am UK domiciled and resident and will be eBaying all I own and putting the money into offshore savings / shares to finance the adventure. Hopefully living off the interest. I'm hoping the combined might of the forum may be able to offer me some advice on how to do this.

For instance, if I was to put the money in an Alliance and Leicester eSaver offshore flexible income account and have the monthly income paid into a nationwide Flexaccount. Once I became nonresident, would their still be tax to pay on the nationwide account. Or should I think about similar offshore account with a cheap debit card (any ideas) ?

Should I tell the banks I no longer have a permanent address or would this make life very difficult?

Would I be better off with stocks and shares?

Am I going about this completely the wrong way?

Or should I stay at work for the next 20 years, with my pipe and slippers look forward to when I get old(er)

Any help or advice will be much appreciated

CHEERS