Can I still have an ISA if I live abroad?

March 10, 2023 Book a Free Portfolio Review

If you are a non-UK resident, you are not eligible to open a new ISA (Individual Savings Account) or subscribe to an existing ISA account. This is because ISAs are designed for UK taxpayers and the tax benefits of an ISA are only available to UK residents.

However, if you are a UK resident for tax purposes but are currently living abroad, you may still be eligible to open or contribute to an ISA. You should contact a financial advisor or a tax professional for guidance on your specific circumstances and whether you are eligible to open or contribute to an ISA while living abroad.

It’s also important to note that tax laws and regulations can vary by country, so you should also check with the tax authorities in your country of residence to determine how your ISA contributions and earnings may be taxed.

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About The Author

This article was written by Henry Temple-Baxter, founder of Investments for Expats, whose passion for supporting UK expats with tax-efficient wealth management, retirement planning, and cross-border investment strategies is rooted in years of hands-on experience, a commitment to transparent low-fee solutions, and a deep belief in empowering individuals to achieve financial freedom while living abroad.

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