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Expat Financial Advice Thailand


Expat Financial Advice Thailand

According to figures in the 2019 Thailand Migration Report, there are just 150,707 expats residing in Thailand, of those 72,969 are retirees. With the majority of retirees coming from the UK, America and also Australia.


On an average over the last 10 years, there have been around 10,000 British expats per year making the move to Thailand. Many of whom seek employment with the most having retired in one of the many beautiful spots in Thailand.

The importance of Financial Advice whilst living in Thailand should be paramount to expats. If you have still yet to retire, have you saved enough to comfortably retire when the time comes.


If you have retired, is your money working to your advantage? Do you have the correct insurance in place to cover your health and lifestyle?


Retirement planning


International Private Retirement Plan, expats moving from place to place with this transient lifestyle goes very much against their retirement planning. It often prevents them forming coherent financial plans over the medium-long term.


Offshore portable retirement plans offer a great solution to the transient contractor who, just like their local counterpart, wishes to invest and make financial plans for his or her future.


The inconvenience and disruption of needing to re-establish a new retirement plan every time you ‘country hop’ is negated by this geographically portable solution. The plan stays in the same place while you move around, and it grows tax free the whole time, in a tax efficient investment area.


UK pension transfers


Wondering how to transfer or consolidate your UK pensions (including UK frozen pensions) to Thailand? We offer an international SIPP (Self Invested Personal Pensions) as a QROPS (Qualifying Overseas Pension Schemes) would be unsuitable for expats in the Thailand.


Do you already hold a QROP and paying heavy charges? We can also assist with the transfer to a suitable low-cost International SIPP structure.


US Pension Transfers


Under the age of 59 years and 6 months, you may be subject to 10% tax charge and your usual income tax charges if you in-cash you 401K. Your plan provider will typically keep 20% for the IRS. If you are 55 to 59 and 6 months you may be able to avoid the 10% tax charge if you terminated employment no earlier than the year you turned 55.


If you are no longer employed by the company then you can cash in or, rollover your 401K plan into an IRA. Upon on the transfer of your 401K, the tax can be deferred into a Roth IRA allowing you to avoid the US tax as a rollover is not considered cashing in a 401K.


International insurances


Are your family protected with international expat life, income and health insurance? Our providers are committed to ensuring full protection in any event now and in the future. Health insurance plays a big part in expat financial planning.


Investment and savings advice


Have you built up savings in your bank account? Fed up with low bank interest returns? We have a range of portable investment solutions available, ranging from fund platforms, flexible lump sum vehicles to portfolio bonds. Our portfolio management services are personalised to each client, depending on such criteria as investment term and your attitude to risk.


Are you still working but would like to save on a regular basis? Our portable saving options are suited for all individuals. They offer flexible payment structures with the ability to invest into a large range of funds that work for you.


Any growth made in the savings and investment will not be subject to tax.

Why do expats choose Expat Financial Advice Online?


Specialists in dealing with expats globally

Products and services are provided globally from the world’s largest banks by multi award winning UK regulated advisers

Solutions for the transient expat – perfect for clients who country hop or move around

Globally based

No restrictions on client location

Regulated to the highest levels, worldwide

Transparent fee based

Ongoing management/advice is provided quarterly


How do you get started and take the first step?


To learn more about financial advice for expats in Thailand, try our revolutionary online advice service, ‘get started ‘today for free, no obligation, financial analysis and information.


You can speak to one of our advisers instantly or schedule an appointment to understand how we can help you while you live and work in the Thailand or simply retire.

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