HSBC Bank International
The prospect of managing your money in a new country can be a daunting one. Expatriates moving abroad have a lot to think about, from adapting to the new culture to finding somewhere to live – not to mention sorting out finances.
The good news is that Jersey’s financial institutions are well placed to offer expert advice and to provide appropriate solutions in the financial area.It was with these needs in mind that HSBC Bank International launched its Independent Wealth Management series of seminars this year, to help expatriates manage their finances and reach their financial goals. And, to make it easier for those who might be affected by these issues, the Bank’s team of experts headed to key regions around the world to make people aware of them.
The new service means that expatriates are offered advice and recommendations from a highly trained team of Independent Wealth Managers qualified to provide first-class financial planning to existing customers. Customers receive individual advice from a team of independent experts, free to choose products from the entire market place. So when customers plan to retire or to buy a property overseas, HSBC’s experts can come up with the answers to help make it happen.
In early 2007, for example, the team hosted seminars in Portugal, Cyprus, Spain, Belgium, Dubai and Hong Kong, focusing on effective financial planning for the expatriate. HSBC’s experts spoke to retired and working expatriates about the need to address their financial planning requirements, which need to adapt according to their changing circumstances.
Expatriates should also be considering how the changes in the UK budget might affect them as overseas residents, and what sort of UK tax obligations they may have. The team of experts offers expats advice on these issues and keeps them updated on the latest changes in the UK budget. Later on in the year, HSBC’s team will be talking to overseas residents about effective planning for school fees for internationally mobile families. They will also travel to international locations to speak about effective retirement planning and how tax efficient portable options may be the answer.