How to focus on planning important issues regarding finance when you are working as an expat, setting out a roadmap for the future, achieving your financial goals, and how to get the help you need

1. YOUR
FINANCIAL
LIFE AS AN
EXPAT
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How to get the most out of

2. What motivated you to become an expat?
There are many financial benefits -
have you planned how you can use them?

3. What is your main objective
when it comes to financial planning?
Build up as much money as possible as quickly as possible and make sacrifices to do it
OR
Build up my savings gradually over a long period of time
OR
Not bothered about building up savings at the moment, I don’t want to think about the
future

4. Handy tip
It’s good to set out a plan for your financial future and structure your career into stages,
so that you can reach set objectives
and achieve financial independence as quickly as possible

5. How much money do you want to save
by the time you retire?
100K
500K
1mn
2mn
5mn
(choose whichever currency is relevant)

6. What does your savings pot consist of?
1. Pension / s
2. Other savings / investments
3. Property sale / s
4. Expected inheritance
5. Anything else

7. Work out how much you currently have in each
1. Pension / s
2. Other savings / investments
3. Property sale / s
4. Expected inheritance
5. Expectations from future bonuses
6. Anything else

8. How do I calculate my target savings amount?
Take the number of years left before retirement
Work out the amount I need per annum to live on in retirement
With average return of 5% of all funds, what sum would I need?
With average return of 10% of all funds, what sum would I need?
When do I expect to be able to reach my target amount?
read more about how to work this out in our blogpost by clicking here

9. What methods will I choose to be able to
build up my savings pot?
1. Amount now in my pension / s - work and personal
2. Property - domicile - value - date mortgage paid
3. Property - rented out - value - date mortgage paid off
4. Savings - bank etc
5. Investments - stocks and shares, unit trusts, gold, bonds, ETFs, offshore investments
etc

10. Handy tip
By looking at different savings pots and planning out in advance
how you want these to work in future,
it is easier to look at your future goals and likely expenditure,
and reach your objectives quickly

11. How easy or difficult is it to manage my existing investments,
follow a plan for retirement
and manage my family’s expenses?
Easy, no problem, everything is simple
OR.......

12. How easy or difficult is it to manage my existing investments,
follow a plan for retirement
and manage my family’s expenses?
Not as easy as I would like, it is sometimes difficult to know whether I am
making the most of everything that is possible for me
OR.......

13. How easy or difficult is it to manage my existing investments,
follow a plan for retirement
and manage my family’s expenses?
I find it quite difficult to understand finance and avoid thinking about it too much
as it is hard for me to know whether or not I am making the right decisions
OR.......

14. How easy or difficult is it to manage my existing investments,
follow a plan for retirement
and manage my family’s expenses?
I have no idea where I will be in 10, 20 or 30 years’ time
and don’t know if I will have enough money
to last through retirement for me and my family

15. Handy tip
Taking an objective look at your knowledge is a good idea,
as it focuses your thinking and helps to identify gaps
as well as those areas you feel comfortable with

16. How much knowledge do you have of
financial planning
and the many options available to you?
I am very knowledgeable and capable of
managing everything I need myself
OR.......

17. How much knowledge do you have of
financial planning
and the many options available to you?
I know enough to allow me to understand my options
with the resources I have available
OR.......

18. How much knowledge do you have of
financial planning
and the many options available to you?
I have some knowledge but I sometimes wonder
if there are things I am missing out on
OR.......

19. How much knowledge do you have of
financial planning
and the many options available to you?
I am very knowledgeable and capable of
managing everything I need myself
OR.......

20. How much knowledge do you have of
financial planning
and the many options available to you?
I have a little knowledge but not enough
to get the most out of my finances
OR.......

21. How much knowledge do you have of
financial planning
and the many options available to you?
Not much knowledge at all and I don’t really understand how finance works,
so am probably missing out on things I could do that I am not aware of

22. Handy tip
Don’t be afraid to ask for help
if you are not completely confident with organising your finances.
Financial planning is a specialist activity
particularly when it involves expat issues as they are more complex

23. Did you know that expat financial planning
gives you more options?
I am aware of some of the tax-effective investment and
planning options which I can pursue as an expat
OR.......

24. Did you know that expat financial planning
gives you more options?
I am not aware of different tax-effective investment and planning options
which I can pursue as an expat
OR.......

25. Did you know that expat financial planning
gives you more options?
I have already investigated and set up my own arrangements
OR.......

26. Did you know that expat financial planning
gives you more options?
I have not yet benefitted from the different
financial tools at my disposal

27. Where do you usually go for
information and advice on
financial planning?
I research online and use my own knowledge
OR
I ask friends / family for help and advice
OR.......

28. Where do you usually go for
information and advice on
financial planning?
I have a financial advisor who gives me
all the help I need
OR
I use my bank or other financial institution

29. For specific advice on any issues regarding
expat financial planning
Contact us here at
Churchill & Partners
www.churchillandpartners.com
Tel: +44 (0)1245 216030