Investment advice for UK residents offers many investment opportunities for US expats, but it also has complex investing, financial and estate planning rules that need to be managed carefully. Creative Planning International helps US expats in the UK manage their wealth, while taking advantage of the best opportunities in their new country of residence.
Investing Your Savings
The safest option for your savings is usually government bonds, also known as gilts. These are backed by the British taxpayer and offer a fixed interest rate. If you are looking to get a higher income from your savings, you may want to consider ISAs, equities and investment funds.
For those willing to take on a higher level of risk, shares (shares in public limited companies) can provide high returns based on company performance. However, the value of shares can also fall quickly, and the amount you earn or lose is largely dependent on your trading strategy. Contracts for Difference (CFDs) and spread betting can be another way to invest in the UK, but they are not suitable for all investors.
Property & Real Estate
Another popular investment option is buying and renting out property in the UK. This is often referred to as buy-to-let, and it can be a good way to generate a rental income while also being able to use the property as a holiday home when you are not using it for yourself. However, you will need to bear in mind that you will be responsible for landlord responsibilities and that the price of UK property has increased substantially over recent years.