Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Investments

Discuss investments with other users on our Investment forum. For more advice read our tips for saving for your child's future.

Savings help for Brit abroad?

0 replies

AlexiaSox · 25/09/2020 16:54

Hello, I am 29 and live + work abroad in an Asian financial hub. For the first years of my career, in London, I saved next to nothing. But I have been earning more since I moved here and have saved around £30k which seems a lot to me. I am clueless about investing but have been told not to let it sit in a near-zero interest current account as it is right now.

I don't own property but can't afford / don't want to buy it here - is it even possible to start thinking of buying a place in the UK while I am still working abroad, and plan to do so for the next few years?

Should I find a good savings account in an Asian currency? I am worried that it will be tricky to withdraw and transfer to GBP if I decide to return home in three years.

Should I split it into three chunks and keep them in different currencies in case of economic crashes in various parts of the world? The place I am in is not particularly stable politically... But then again with Brexit neither is the UK.

I have a pension plan with my job linked to stocks and shares. Not sure how great it is though.

What is the most sensible option? Thanks in advance

OP posts:
New posts on this thread. Refresh page
Swipe left for the next trending thread