Living abroad is a journey made up of many chapters, each with its own rhythms, challenges, and opportunities. Just like the seasons, your financial priorities shift as your expat story unfolds. From the excitement of arrival to the decisions around retirement or repatriation; every stage has a unique financial flavour. (and I love exploring foreign flavours!)
In my work with clients around the world, I’ve seen how being prepared for these “financial seasons” can make all the difference. So here’s a look at the typical phases many expats go through, and how smart planning helps at every step.
Arrival: foundations first
This is the honeymoon phase. You’ve landed in a new country, and everything feels fresh and unfamiliar. It’s also the time when financial foundations need to be laid.
You might be opening local bank accounts, applying for residency, getting health insurance sorted, or navigating the local tax system for the first time. These early steps can be surprisingly complex when you’re dealing with multiple jurisdictions and unfamiliar rules. It’s not just about opening accounts, it’s about understanding how everything connects to your existing finances back home.
At this stage, having a cross-border financial planner can be a lifesaver. We help make sure nothing slips through the cracks, from how your pension is treated under local tax laws to the implications of moving assets between countries.
Adjustment: making your money work locally
Once you’ve settled in, the adjustment phase begins. You’re no longer just surviving, you’re starting to think about thriving. Your finances should start reflecting that shift.
Maybe you’re saving toward a property, planning for your children’s education, or rethinking your investment strategies to reflect your new cost of living. You might also be reworking your budget to match your new lifestyle, or realising that your existing financial products aren’t quite fit for purpose anymore.
This is when a lot of expats discover that financial planning isn’t just about where you are now, it’s about aligning where you’re headed with where you’ve been.
Growth: building long-term wealth
This is where the real magic happens. With the basics handled and a life taking shape in your new country, you can now focus on growing your wealth.
In this phase, we look at tax-efficient investment strategies, explore global pension planning, and ensure your money is working for your long-term goals. Whether you’re contributing to an RA, managing a 401(k) from your time in the States, or building a diversified international portfolio, your financial strategy should be as mobile and future-focused as your lifestyle.
Transition: planning your next move
Eventually, the time comes to make a transition. Maybe you’re repatriating, moving on to another country, or retiring abroad. This stage requires forward thinking and precision.
You’ll need to consider how to draw down your pension tax-efficiently, navigate potential currency exposure, and manage estate planning across jurisdictions. It’s also a good time to update your Will and ensure your Power of Attorney documents are recognised in your current (and future) country of residence.
Wherever you are in your expat journey, one thing is clear: financial planning is not a one-time task. It evolves with you, through each season of life. If you’re unsure where you stand or what’s next, let’s chat. I’ll help you navigate your current season and prepare for the ones to come, with clarity and confidence.
Ready when you are.
