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Retiring Abroad

Retire And Relax

Whether you see retirement as a time for relaxation, or the opportunity to do what you have always wanted, it takes plenty of money. That' s why it's important to plan well ahead and make sure that your finances are as tax efficient as possible. And if you're planning to retire abroad you need to think about how you'll manage your money in your new country too. It's never too soon to begin.

What You Need To Know

How Prepared For Retirement Are You? The HSBC Group's "Future of Retirement" report studies the various ways in which people of different generations throughout the world prepare for their later years.

Test yourself to see how prepared you are for retirement, compared with others in the country where you live.

Things To Consider

We make it easier to manage your money.

Changes in the exchange rate may affect your income from a pension or investments based in your home country
You should consider holding savings or investments based in the currency of your destination
- We can explain the implications of foreign exchange to you in more detail
- We can offer you bank accounts and arrange cards in Sterling, US dollars and Euro
- Browse products and services by currency: Sterling, US Dollars, Euro and Others
Offshore bank accounts and savings accounts in a range of currencies. Open one to avoid the need to open another offshore account when you move
24 hour access to your accounts/investments via Internet and telephone. Plus transfer money to other banks in different countries without having to go into a branch
Offshore investments in Sterling, US dollars or Euro – avoid unnecessary foreign exchange charges when you invest in your local currency
Guide to moving abroad - find out what you should do before leaving your home country
Free country guides to help you plan your move
Information on the tax implications of retiring abroad
On the ground representatives to welcome you in Dubai, Hong Kong, South Africa and Singapore
Advice on the impact of foreign exchange
International medical insurance for people living abroad
Buy property in the UK or in another country, in various currencies

How Can We Help You

Create a holistic and realistic financial plan that keeps your personal goals in mind
Devise a portfolio investment strategy that suits your needs - from the simple (monthly regular savings) to the complex (trusts)
Identify the most appropriate level of investment risk for the return you require
Provide asset protection advice and planning
Offshore investments in Sterling, US dollars or Euro – avoid unnecessary foreign exchange charges when you invest in your local currency
Try to make your portfolio as tax efficient as possible
Offer a range of HSBC and third party products in a variety of currencies, including products only available offshore

Disclaimer

This section is intended as a general guide for reference only.
The information contained in this section should not be relied upon as a substitute for professional advice in individual cases. Future changes in information, regulations, legislation, tax levels and practice could affect the information in this site.
The information shown is based on date or information obtained from sources believed to be reliable, but HSBC makes no representation and accepts no responsibility as to its accuracy or completeness, and will not be held liable for damages arising out of any person’s reliance upon this information.
Information sourced from Immigration Department and Ministry of Tourism Malaysia.