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

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?

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Discussion (3)

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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 have issues with getting same exposures there. Aside from the manual work hassle, there would be frictional costs of moving - could be as little as 1% and perhaps as much as 5% (a disaster scenario, but that would be rare)

The benefit of having it locally is easier to manage than leaving in SG (posting statements generally can go overseas but you are in a spot of bother if they want a face to face) - but in this day and age mostly online the hassle isn't too bad

Depending on the size of your assets then you have to decide yourself on the balance of cost vs convenience to decide whether you keep in SG or move over.

Ashley Wong

29 Mar 2019

Financial Assistant at Multi Management & Future Solutions

You can keep your investments in the same country where you are at present. There is no need to take...

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