facebookI don't plan to retire in Singapore. (not sure where I am going yet though) If I migrate, should I take out my investments and bring it to my new country? Or just leave it here? - Seedly

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Anonymous

25 Nov 2019

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SeedlyTV

I don't plan to retire in Singapore. (not sure where I am going yet though) If I migrate, should I take out my investments and bring it to my new country? Or just leave it here?

SeedlyTV S1E01

Discussion (4)

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It depends on your new country's tax rules and how easy it is to manage funds from abroad. You might want to check for withdrawal penalties, currency risks, and whether your investments can still be accessed internationally before deciding.

Paridhi Jhunjhunwala

25 Nov 2019

Associate at Kristal.AI

Hi!

Since your current financial plan is based on the Singapore markets, you can leave a majority of your investments in Singapore itself. However, you should take some amount to the place you retire and invest there to have some more liquidity in case you need some funds in the new country. As most transactions are online these days, it should not be too much of a hassle to deal with investments from anywhere in the world.

I work at Kristal.AI, and it's my passion to evaluate various upcoming investment opportunities.

Kelly Trinh

25 Nov 2019

Backoffice technical at financial services firm

Well assuming you go to some country with a developed financial services industry, you shouldn't hav...

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