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    • simfield
    • By simfield 11th Apr 18, 5:12 PM
    • 2Posts
    • 0Thanks
    simfield
    ISA contributions for UK employee living abroad
    • #1
    • 11th Apr 18, 5:12 PM
    ISA contributions for UK employee living abroad 11th Apr 18 at 5:12 PM
    Hi there,

    I am a UK employee, currently living in the UK, so definitely a resident and eligible for ISA contributions.

    However, since my job is computer-based and I can work from anywhere in the world, as long as there is internet, I want to move abroad permanently.

    My question is: Given the fact that my employer and employment is UK based (and I will be paying all applicable taxes as everybody else), can I still make ISA contributions despite the fact that I will be living abroad for most of the time (let's say 11 months)? Also, I am an EU national.

    I feel like, I should be able to, but I am wondering if anyone has more input on that

    Thanks
    Last edited by simfield; 11-04-2018 at 5:22 PM.
Page 1
    • Alexland
    • By Alexland 12th Apr 18, 9:36 AM
    • 3,853 Posts
    • 3,154 Thanks
    Alexland
    • #2
    • 12th Apr 18, 9:36 AM
    • #2
    • 12th Apr 18, 9:36 AM
    You would need to be a UK resident for tax purposes:

    https://www.gov.uk/tax-foreign-income/residence

    https://www.gov.uk/individual-savings-accounts/if-you-move-abroad-or-die

    Also if you become a resident of another country then they are unlikely to consider your existing ISA as tax free under their rules.

    Alex
    Last edited by Alexland; 12-04-2018 at 9:39 AM.
    • simfield
    • By simfield 12th Apr 18, 12:02 PM
    • 2 Posts
    • 0 Thanks
    simfield
    • #3
    • 12th Apr 18, 12:02 PM
    • #3
    • 12th Apr 18, 12:02 PM
    Thanks for the links and your advice Alexland,

    I guess, what confuses me is the fact that I am paying taxes in the UK and I will continue doing so while living in other countries (so I should be able to benefit from ISA allowances). There should be an option for people who work remotely but may be there isn't.
    • antrobus
    • By antrobus 12th Apr 18, 12:14 PM
    • 16,355 Posts
    • 23,238 Thanks
    antrobus
    • #4
    • 12th Apr 18, 12:14 PM
    • #4
    • 12th Apr 18, 12:14 PM
    Thanks for the links and your advice Alexland,

    I guess, what confuses me is the fact that I am paying taxes in the UK and I will continue doing so while living in other countries (so I should be able to benefit from ISA allowances). There should be an option for people who work remotely but may be there isn't.
    Originally posted by simfield
    No. I believe that if you move abroad you will become a non-resident and no UK tax will be due.

    This seems to confirm my belief.
    https://www.accountingweb.co.uk/any-answers/working-for-a-uk-company-while-living-abroad

    As always, you should take proper advice. At least speak to your company payroll.
    • Alexland
    • By Alexland 12th Apr 18, 12:20 PM
    • 3,853 Posts
    • 3,154 Thanks
    Alexland
    • #5
    • 12th Apr 18, 12:20 PM
    • #5
    • 12th Apr 18, 12:20 PM
    Yes even if you work for a UK employer they would eventually see you as an overseas worker and you would be subject to your local tax regime.
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