Expatriate Financial Services LP

The 7 Questions All Expats Ask

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What does expat life in Singapore mean to you?

Being an expat can be exciting, but also a little daunting. In our many conversations with fellow Expatriates some questions come up again and again. We have listed below the 7 most common questions we are asked:

  1. Is property from back home a sensible investment, and if so
  • How will I finance my purchase?
  • Do the tax implications of being an overseas/foreign investor outweigh the benefits of property ownership for my nationality?

 

  1. What about Retirement savings?
  • Can I continue to contribute to my home country’s Pension plans, and if so should I do so?
  • How can I keep track of the value of my Retirement plans and get local advice on what to do?
  • Will pooling my various funds into a single plan save me money?
  • Will I face additional tax now that I am an expat?

 

  1. How can I maximise the value of my savings, should I
  • Take advantage of tax advantaged plans not available in my home country?
  • Send my money home to save in funds taxed there?
  • Consider investing in other currencies or stick to the Singapore dollar

 

  1. What should I do about Life Insurance, is it better to
  • Keep my insurance in my home country and if I do will I still be covered?
  • Pay for insurance through my Pensions or use them purely for retirement savings?
  • Is there a difference between expat or local Singaporean insurance?

 

  1. I have a will back home, is this enough or should I have a will in Singapore?

 

  1. What will happen to my children if something happens to me, I need to know
  • Will they be able to stay at their school in Singapore?
  • Will my partner be able to stay in Singapore?
  • What happens until their Guardian can come to Singapore to look after them?

 

  1. If I need to send money home, what is the best and most cost-effective way to do so?

These questions are just some of the issues faced by Expats here in Singapore.

To have peace of mind that you, and your loved ones are in the strongest possible position speak to an AAM Financial Planner

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Our Services:

 Investment Advice
 Savings
 Education Fee Planning
 Retirement Planning
 Life & Critical Illness Insurance Advice
 Lifestyle Financial Planning
 Income Protection Planning
 Pension Audit Service

About AAM Advisory

AAM Advisory offers complete financial planning services for Expatriates, Permanent Residents and Singaporeans focused around wealth creation and preservation strategies. We have a team of over 30 experienced financial representatives backed by a wealth of research, knowledge and expertise servicing over 5,000 clients and in excess of SGD 1 billion under advisement.

Our office is located in the heart of the CBD at CapitaGreen, an ultra-modern 40-storey eco-friendly office tower.

International Adviser, Best Practice Adviser Awards (Singapore)
We were winners in the following categories:

  1. Best Adviser Firm, by Region (2018)
  2. Excellence In Operational Efficiency (2018)
  3. Excellence In Professional Development (2018)
  4. Excellence In Marketing & Client Engagement (2017)
  5. Excellence In Social Media (2017)
  6. Excellence In Investment Planning (2016) 
  7. Excellence In Professional Development (2016)

Expat Living Reader’s Choice

We were Gold Winners, winning best Financial Planning company

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Book a no-obligation review with one of our Expatriate specialists in Singapore now.