{"id":46036,"date":"2022-07-08T00:10:57","date_gmt":"2022-07-08T00:10:57","guid":{"rendered":"https:\/\/adamfayed.com\/?p=46036"},"modified":"2025-07-31T15:34:08","modified_gmt":"2025-07-31T15:34:08","slug":"what-are-the-investing-options-for-british-expats-living-overseas-and-should-we-continue-paying-national-insurance","status":"publish","type":"post","link":"https:\/\/adamfayed.com\/it\/uncategorized\/what-are-the-investing-options-for-british-expats-living-overseas-and-should-we-continue-paying-national-insurance\/","title":{"rendered":"What are the investing options for British expats living overseas and should we continue paying National Insurance?"},"content":{"rendered":"<p>Scrivo spesso su Quora.com, dove sono lo scrittore pi\u00f9 visto in materia finanziaria, con oltre 267,5 milioni di visualizzazioni negli ultimi anni.<\/p>\n\n\n\n<p><strong>Nelle risposte che seguono mi sono concentrato sui seguenti argomenti e problemi<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>What are the investing options for British expats living overseas and should we continue paying National Insurance?<\/li>\n\n\n\n<li>What&#8217;s the best country in Europe to work as freelance from a tax &amp; pension perspective?<\/li>\n\n\n\n<li>Can a loner be successful?<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>Questo articolo si rivolge principalmente a chi vive fuori dal Regno Unito.<\/p>\n\n\n\n<p>Se volete che risponda a qualche domanda su Quora o YouTube, o se state cercando di investire, non esitate a<a href=\"https:\/\/adamfayed.com\/it\/#contact-me\">\u00a0contattatemi<\/a>, email (hello@adamfayed.com)\u00a0or use the WhatsApp function below.<\/p>\n\n\n\n<p>Alcuni dei link e dei video a cui si fa riferimento potrebbero essere disponibili solo nelle risposte originali.&nbsp;<\/p>\n\n\n\n<p>Fonte di tutte le risposte: la pagina Quora di Adam Fayed.<\/p>\n\n\n\n<div style=\"height:28px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What are the investing options for British expats living overseas, and should we continue paying National Insurance?<\/strong><\/h2>\n\n\n\n<p>I was reading an article in the Telegraph over the weekend, warning about the UK facing the threat of a devaluation of Sterling and bankruptcy &#8211;<a href=\"https:\/\/www.telegraph.co.uk\/business\/2022\/07\/02\/track-currency-crisis-bankruptcy\/\" target=\"_blank\" rel=\"noreferrer noopener\">We are on track for a currency crisis \u2013 and bankruptcyOur leaders fail to grasp that taking back control also means taking back responsibilityhttps:\/\/www.telegraph.co.uk\/business\/2022\/07\/02\/track-currency-crisis-bankruptcy\/<\/a><\/p>\n\n\n\n<p>This would be a \u201cback to the future\u201d moment, as it has happened before.<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img decoding=\"async\" src=\"https:\/\/qph.cf2.quoracdn.net\/main-qimg-15d63273aefa2184c2da4485cf2e2a96-pjlq\" alt=\"\" style=\"width:537px;height:auto\"><\/figure>\n\n\n\n<p>I am not saying this devaluation will happen, but I am certain that the GBP is riskier than ever in our lifetime &#8211; even adjusted for the fall from 2:1 against the USD to 1.20 in fifteen years.<\/p>\n\n\n\n<p>So, the first thing to do is ensure that cash balances aren\u2019t overly high, given that inflation is also running hot.<\/p>\n\n\n\n<p>After you have decided to invest, make sure that you are long-term. It is less risky as per this graph:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/qph.cf2.quoracdn.net\/main-qimg-dd54a65c814a9325f90335d09b044966-lq\" alt=\"\"><\/figure>\n\n\n\n<p>And it is also more profitable due to compounded returns.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/qph.cf2.quoracdn.net\/main-qimg-bbfee365db82b0099404fbd3409f6918\" alt=\"\"><\/figure>\n\n\n\n<p>Finally, decide whether you want to DIY invest or use an advisor. DIY investment only works if you have the time to research what you want and need, and more importantly, have the balls to see it through to the end.<\/p>\n\n\n\n<p>That is easier said than done due to human emotions such as panicking during crashes, which explains results like these:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/qph.cf2.quoracdn.net\/main-qimg-324df15a8b3982ae1f2964b0f76ca87c\" alt=\"\"><\/figure>\n\n\n\n<p>I wrote about national insurance here &#8211;<a href=\"https:\/\/www.quora.com\/Do-expats-get-a-UK-state-pension\" target=\"_blank\" rel=\"noopener\">Do expats get a UK state pension?https:\/\/www.quora.com\/Do-expats-get-a-UK-state-pension<\/a><\/p>\n\n\n\n<p>National insurance shouldn\u2019t be a priority. The state pension isn\u2019t enough to live on for most people anyway, and the government doesn\u2019t increase the benefit in line with inflation when you emigrate.<\/p>\n\n\n\n<p>What makes more sense is a long-term investment plan, which is favourable to the expat lifestyle of moving around a lot &#8211; i.e. investment platforms which will keep your account open if you move numerous times.<\/p>\n\n\n\n<div style=\"height:28px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What&#8217;s the best country in Europe to work as freelance from a tax &amp; pension perspective?<\/strong><\/h2>\n\n\n\n<p>Dipende.<\/p>\n\n\n\n<p>In general, countries with lower taxes have fewer pension benefits, but actually, pensions aren\u2019t that good anyway, at least if you rely on the state pension only.<\/p>\n\n\n\n<p>In the UK it only pays about 7k-8k Sterling a year, and taxes are high. The benefit \u201cterms and conditions\u201d can always be changed as well, as governments push up the retirement age.<\/p>\n\n\n\n<p>We saw that with the \u201cWASPI women\u201d who protested after the retirement age was pushed back.<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img decoding=\"async\" src=\"https:\/\/qph.cf2.quoracdn.net\/main-qimg-87447a37375579a9998e6f6c95bd8273-pjlq\" alt=\"\" style=\"width:426px;height:auto\"><\/figure>\n\n\n\n<p>What makes much more sense is to emigrate to lower cost of living or tax countries, and use the savings to invest more into a personal investment plan, which is indirectly a more flexible pension.<\/p>\n\n\n\n<p>Simple example. Let\u2019s say you have a remote income, living in a high-tax country. You could emigrate to a place like Bulgaria and pay around 10% corporation and 10% income taxes.<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img decoding=\"async\" src=\"https:\/\/qph.cf2.quoracdn.net\/main-qimg-50575936916a7dc3b1fa3d526e942979-lq\" alt=\"\" style=\"width:447px;height:auto\"><\/figure>\n\n\n\n<p>Alternatively, if you are already established and don\u2019t mind the high cost of living, a place like Monaco can be ideal, as it is tax-free if structured correctly.<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img decoding=\"async\" src=\"https:\/\/qph.cf2.quoracdn.net\/main-qimg-a35949531b5456ac8c665b03679baff4-lq\" alt=\"\" style=\"width:544px;height:auto\"><\/figure>\n\n\n\n<p>Like always though, the devil is in the detail. Your home country, and receiving one, can have different rules.<\/p>\n\n\n\n<p>Monaco isn\u2019t tax-free for Americans earning a lot of money, unless they renounce their citizenship, nor for French citizens.<\/p>\n\n\n\n<p>The UK also has a \u201cties test\u201d &#8211; it is no longer enough to not live in the country for a certain number of days per year and automatically be deemed a non-taxpayer.<\/p>\n\n\n\n<p>Good structuring is essential, especially if you are a business owner who plans to emirate long-term, rather than short-term.<\/p>\n\n\n\n<p>I would also look for countries with formal freelancer or nomad visas, so you aren\u2019t working in the grey zone, and seek advice from accountants and others in some situations.<\/p>\n\n\n\n<p>With governments needing more revenue, they might crackdown at any time.<\/p>\n\n\n\n<div style=\"height:28px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Can a loner be successful?<\/strong><\/h2>\n\n\n\n<p>I was watching a great interview with the founder of Brewdog, James Watt, a few days ago.<\/p>\n\n\n\n<p>Brewdog has been one of the fastest-growing UK firms in the last decade or so. You can see the interview here.<\/p>\n\n\n\n<p>He mentioned in the video that breaking industry norms is important for small and medium-sized operators if they want to compete with the big boys.<\/p>\n\n\n\n<p>That is obvious, and I have made that point in many of my answers before. You can\u2019t expect abnormal success without doing abnormal things or being slightly abnormal.<\/p>\n\n\n\n<p>If you aren\u2019t doing that you are doing what everybody else is doing and should therefore expect normal results.<\/p>\n\n\n\n<p>However, what was interesting about his analysis is that he said that outsiders and even loners are better at breaking industry and social norms.<\/p>\n\n\n\n<p>If you think about it, it makes sense. People who have loads of friends or business acquittances will be even more influenced by the opinions of general society, and their industry, than the average person.<\/p>\n\n\n\n<p>In comparison, somebody who is an outsider, like him, is less likely to be influenced by those considerations.<\/p>\n\n\n\n<p>They are also more likely to have a childhood or other, trauma which pushes them on and motivates them to prove others wrong.<\/p>\n\n\n\n<p>We can observe similar occurrences in science, where people like Einstein were considered strange, or in politics.<\/p>\n\n\n\n<p>These aren\u2019t just extreme outsider examples either. In my network, I can see that outsiders (and even loners) are much more likely to achieve outsized success or failure.<\/p>\n\n\n\n<p>With my business ideas as well, the \u201cnormal\u201d ones have seldom had outsized (or any) success.<\/p>\n\n\n\n<p>The ones that make me uncomfortable and are considered \u201cunacceptable\u201d in my industry have accounted for the majority of the success.<\/p>\n\n\n\n<p>You can\u2019t achieve outsized, abnormal, success by being completely normal\u2026\u2026.unless Daddy is a multi-millionaire or you just get very lucky!<\/p>\n\n\n\n<p>Even simple strategies for building wealth aren\u2019t \u201csocially acceptable\u201d in some circles.<\/p>\n\n\n\n<p>For example, almost everybody knows that investing from a young age is a good idea as it compounds your returns, yet it isn\u2019t always socially acceptable for 20-year-olds to try to do that, even with modest sums of money.<\/p>\n\n\n\n<p>It goes against the grain of \u201cyou only live once\u201d, and \u201cyou are only young once\u201d.<\/p>\n\n\n\n<p>Things are changing though. With shows like Dragons Den, and social media illustrating the benefits of investing, it has become \u201ccooler\u201d to make sacrifices and be different.<\/p>\n\n\n\n<p>The problem is, you only get rewarded for being different if you run your own business, or have a supportive boss.<\/p>\n\n\n\n<p>If you are a salaried employee, or at school, you are seldom rewarded for coming up with abnormal ideas or being different.<\/p>\n\n\n\n<p>So, I would say being an outsider is more helpful than being a loner, as it is good to collaborate with people in business, and can also be preferable to being an insider<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Siete afflitti dall'indecisione finanziaria? Volete investire con Adam?<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"604\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2022\/04\/smile-beige-jacket-4-1024x604-2.png\" alt=\"\" class=\"wp-image-41190\" srcset=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2022\/04\/smile-beige-jacket-4-1024x604-2.png 1024w, https:\/\/adamfayed.com\/wp-content\/uploads\/2022\/04\/smile-beige-jacket-4-1024x604-2-300x177.png 300w, https:\/\/adamfayed.com\/wp-content\/uploads\/2022\/04\/smile-beige-jacket-4-1024x604-2-768x453.png 768w, https:\/\/adamfayed.com\/wp-content\/uploads\/2022\/04\/smile-beige-jacket-4-1024x604-2-81x48.png 81w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/it\/become-adams-client\/\">Diventa mio cliente<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/it\/good-match-quiz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Fare il quiz sull'idoneit\u00e0 del cliente<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/it\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\">Contatto<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>Adam \u00e8 un autore riconosciuto a livello internazionale in materia finanziaria con oltre 830 milioni di visualizzazioni di risposte su Quora, un libro molto venduto su Amazon e un contributo su Forbes.<\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>What are the investing options for British expats living overseas and should we continue paying National Insurance?<\/p>","protected":false},"author":1,"featured_media":64533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10166176115445471_100883565069113":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[1],"tags":[],"class_list":["post-46036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/posts\/46036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/comments?post=46036"}],"version-history":[{"count":2,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/posts\/46036\/revisions"}],"predecessor-version":[{"id":195896,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/posts\/46036\/revisions\/195896"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/media\/64533"}],"wp:attachment":[{"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/media?parent=46036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/categories?post=46036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/tags?post=46036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}