Skybound Wealth Management - Soar Issue 2

The Ultimate Guide to

The Growing Importance of Unbiased Advice for

Building Financial Well-Being in the Workplace

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Senior Management.

Mike Coady

Chief Executive Officer

Josh Burton

Chief Financial Officer

Husain Rangwalla

Chief Technology Officer

Peter Gollogly

Regional Director - Europe

Dmitriy Ermakov

Group Head of Marketing

Carlo Casaleggio

Group Head of Compliance

Tom Pewtress

Group Head of Proposition

Veronica O’Brien

Group Head of Corporate Affairs

Carla Smart

Group Head of Pensions

Josh Watson

Group Head of People

Lily Johnson

Group Head of Talent

Bryan Bann

Regional Manager - Europe

Richard Gartland

Area Manager - Cyprus

Taylor Condon

Area Manager - Spain

About Us.

Skybound Wealth Management stands as a benchmark of excellence in the world of international wealth management. As an independent firm, we pride ourselves on delivering bespoke financial solutions tailored to meet the unique needs of our global clientele. Our innovative approach combines the agility of a boutique firm with the expertise and resources typically associated with a major financial institution.

of client assets under management £1 billion

international clients & growing 5,000 +

A Message From Our CEO, Mike Coady

As we kick off 2025, Soar continues to be your window into the dynamic world of global wealth management. In this issue, we bring you insights from across Skybound Wealth, including strategies to enhance financial well-being, the growing importance of unbiased advice for expats, and tailored investment opportunities to secure your future.

2024 was a milestone year for Skybound Wealth. We expanded into new territories, including opening our office in Cyprus, and deepened our commitment to innovation with advancements in our Plume Wealth Tech platform. We also celebrated multiple accolades at the 2024 Investment International Awards, including being named Company of the Year – Reader’s Choice. These achievements reflect our unwavering focus on delivering tailored financial solutions and exceptional client service.

The past year also marked the incredible launch of the Academy, where we are shaping the next generation of financial advisers. From inspiring growth stories to hands-on mentorship, the Academy is proving to be the ultimate launchpad for ambitious professionals ready to build a career in wealth management.

We’re also thrilled to announce the launch of Women Like Us in the Middle East, an initiative by Skybound Wealth to empower women to take charge of their financial futures.

A special thanks to Rhiannon Bagshaw and Umarrah Shafiq for leading the charge in the UAE, bringing their passion for supporting women to the forefront.

This edition of Soar covers topics that matter most to our global clients: maximising inherited wealth, why due diligence is so important in today’s era of ‘finfluencers,’ and why your work-based insurance policies are often not as reliable as you think. As always, our goal is to help you take control of your financial future with insights that inspire and empower.

Thank you for joining us on this journey. Here’s to achieving new heights together in 2025.

Mike Coady Chief Executive Officer

Mike Coady

The Ultimate Guide to Group Savings Schemes 22. 14.

Contents.

A Guide for Australian Expats Early in Their Journey Abroad

Skybound Wealth Celebrates Big Wins at the 2024 Investment International Awards 08.

Skybound Wealth is consistently ranked among the best financial advisors globally.

WHY YOUR WORK-BASED LIFE COVER IS WORTH LESS THAN YOU THINK 10.

Edmund Teasdale, Managing Partner at Skybound WealthMiddle East, explains why work-based policies are often not as reliable as you think.

The Ultimate Guide to Group Savings Schemes 14.

Private Wealth Adviser, Thomas Sleep shares his definitive guide to Group Savings Schemes and how you can use them to secure your employee’s future.

Skybound Wealth Reaffirms Commitment to Responsible Investment 19.

Skybound Wealth stands out in the international financial advice industry as one of the few firms committed to the UN Principles for Responsible Investment.

The FCA’s Crackdown on Finfluencers: What It Means for Investors 20.

Learn how the FCA crackdown on ‘finfluencers’ impacts investors and why due diligence on advisers and investments is required for secure financial planning.

A Guide for Australian Expats Early in Their Journey Abroad 22.

Mark Tucker, Senior Financial Adviser at Skybound Wealth discusses key financial concerns for Australians when living overseas.

Discover expert strategies for expats to manage midlife inheritances, optimise investments, minimise taxes, and build a lasting financial legacy.

Carla Smart has spent over 15 years helping expatriates successfully negotiate the complexities of living abroad. Find out more about Carla’s journey in the latest ‘In the spotlight’ feature.

Skybound Wealth’s Chief Investment Strategist, Jabir Sardharwalla goes beyond the headlines of Q4 and takes a look at hot topics for investors in 2025.

As the year winds down, Mike Coady CEO at Skybound Wealth and well known financial adviser in Dubai, shares expert insights on planning ahead for 2025.

Rhiannon Bagshaw explores the causes of the retirement wealth gap and provides actionable strategies to help women secure a comfortable and independent future.

Christopher Ellis, Senior Financial Planner, explains why impartial advice and tailored wealth strategies are vital for expats facing complex markets.

Tom Pewtress, Group Head of Proposition at Skybound Wealth explores the critical pension risks for British Expats in the

Chartered Financial Planner, Umarrah Shafiq highlights the value of financial well-being and how it empowers employees and boosts workplace productivity.

Tune in to this insightful episode as Tom Pewtress and Sam Crabtree discuss UK property as an asset class.

UK pension savings are falling short of retirement needs. Max Gerstein explains how financial literacy & long-term planning are key to securing a better future.

Skybound Wealth Celebrates Big Wins at the 2024 Investment International Awards

We’re beyond excited to announce that Skybound Wealth, one of the best financial advisor firms for expats globally, has scooped up multiple prestigious awards at this year’s 2024 Investment International Awards, including the highly coveted Company of the Year – Reader’s Choice!

What makes this win extra special? It’s YOU, the readers—who voted for us. This award is a true testament to the trust our clients place in us and the incredible work of our talented team, making us one of the best financial advisor companies around the world.

But that’s not all... Our commitment to worldclass service didn’t go unnoticed. We also brought home awards for:

• Excellence in Client Services (Middle East)

– Winner

• Excellence in Client Services (Rest of World)

– Winner

• Excellence in Client Services

– Overall Winner

• Best Employee Benefits Solution

– Highly Commended

These wins speak volumes about our dedication to putting clients first, providing tailored financial solutions that meet the needs of expats worldwide. We don’t just meet expectations—we exceed them, which is why we’re consistently ranked among the best financial advisors globally.

Client-First, Always

At Skybound Wealth, client service is in our DNA. Whether you’re in the Middle East, Europe, or anywhere in the world, our team is dedicated to delivering a personal and impactful experience that leaves you confident in your financial future. We pride ourselves on being among the best financial advisor companies for expats, offering highly personalised services.

Tom Pewtress, our Group Head of Proposition and Client Services, summed it up perfectly:

“Winning across multiple regions and being recognized for our client service globally is a huge achievement. It reflects the passion and consistency our team brings every day. Our clients are at the heart of everything we do, and these awards are a celebration of that commitment.”

What Our Clients Have to Say

With a 4.8-star Trustpilot rating and over 600 glowing reviews, it’s clear that our clients trust us to guide them through their financial journey. Here’s what just a few of them had to say:

“Excellent service, consistent and honest!”

“Top service, always a pleasure working with you!”

Our clients’ words inspire us to keep raising the bar and delivering service that truly makes a difference. It’s this commitment to excellence that makes Skybound Wealth one of the best financial advisor firms serving expats around the globe.

Our People Make the Difference

We’re just as proud of our Highly Commended recognition for Best Employee Benefits Solution. At Skybound, we believe that empowering our team leads to better results for our clients. Through our Adviser Academy, professional development programs, and a culture of promotion from within, we ensure that our people are always growing—and that growth translates into success for everyone. Over 50% of our leadership team has been promoted internally, proving that we’re not just about finding the best talent but also about nurturing it.

Innovating the Future of Wealth Management

In addition to our service awards, Skybound Wealth was also shortlisted for Fintech Innovation, thanks to our Plume Wealth Tech platform. We’re combining cutting-edge technology with human expertise to offer clients real-time insights and personalized financial planning that’s second to none.

As Husain Rangwalla, our Chief Technology Officer, says: “Blending advanced technology with our team’s financial expertise has allowed us to deliver a seamless, data-driven client experience. We’re not just about advice; we’re about empowerment.”

Looking Ahead: The Best is Yet to Come

Reflecting on these remarkable achievements, Mike Coady, CEO of Skybound Wealth, shared: “These awards are more than just recognition, they symbolize the hard work and passion of our team, and the trust our clients continue to place in us. We’re proud of what we’ve achieved, but this is just the beginning. We’re ready to push boundaries, deliver even more, and continue setting the standard in international wealth management.”

With multiple award wins, a global client base, and a drive to keep innovating, the future for Skybound Wealth is brighter than ever. As one of the best financial advisor companies, we remain committed to providing the very best service to our clients.

To our clients, partners, and team—we couldn’t have done it without you. Let’s keep building, growing, and setting new standards together.

WHY YOUR WORK-BASED LIFE COVER IS

WORTH LESS THAN YOU THINK

Written by Edmund Teasdale

As a successful professional, you’ve probably put a lot of thought into building a stable life for yourself and your family. You’ve worked hard to get where you are, and as an expat, you’ve taken calculated risks for the opportunity to enjoy a better lifestyle abroad. But have you given the same level of attention to protecting your loved ones should the worst happen?

Many expats rely on the life cover included in their employee benefits package, often known as Death in Service insurance. While this can seem like a good safety net, it might not be as reliable as you think. In fact, it could be putting your family’s financial security at risk.

The Hidden Gaps in Work-Based Life Cover

Life insurance is often a topic we put off discussing—especially when everything is going well. But relying solely on the life cover provided by your employer can leave you and your family dangerously under-protected. Let’s face it, onesize-fits-all solutions rarely fit anyone perfectly, and work-based life insurance is no exception. For expats, the risks are even more significant. As an international worker, the challenges you face, like higher medical costs, lack of a local support network, and the potential for sudden job changes, make it critical to ensure that your life insurance is designed to suit your unique needs. So, what exactly are the pitfalls of relying on employer-provided life cover?

Misconceptions and Shortfalls of Work-Based Life Cover

1. Portability Isn’t Guaranteed

The average person has around 12 different jobs over their lifetime. What happens to your life cover when you switch roles or move to a new company? In most cases, your employer-sponsored policy doesn’t follow you. The moment you leave, your coverage likely ends. And if you’re between jobs, there’s a chance your family is left vulnerable.

Personalised life insurance ensures continuity. It stays with you, providing peace of mind regardless of where your career takes you.

2. You May Not Have Enough Coverage

It’s easy to assume your employer’s policy will be enough. After all, it’s part of your benefits package, right? However, most work-based life cover provides a fixed multiple of your salary— often two or three times your annual income. While that may sound like a lot, consider your actual financial responsibilities: mortgage, school fees, and other living expenses. Will two years’ worth of salary be enough to maintain your family’s lifestyle and protect their future?

A personalised policy is tailored to cover the full range of financial obligations you might leave behind, from debts to education and retirement costs for your family.

3. No Coverage for Your Spouse

If your spouse is a homemaker or earns less, many people think that only the main breadwinner needs life insurance. But if something were to happen to your partner, how would it affect your ability to continue working or provide for your children? Most work-based life cover policies don’t include spousal coverage, and those that do offer minimal amounts.

A personalised plan allows you to protect your entire family—not just yourself.

4. Health Issues Can End Coverage

Another often overlooked shortfall is the impact of health. If you were to fall seriously ill and lose your job because of it, your employer’s life cover typically terminates when your employment ends. At this point, getting new life insurance could be either unaffordable or impossible due to your health condition.

Personal policies can include critical illness coverage, ensuring a financial safety net if you’re diagnosed with a serious illness.

5. Discretionary Payouts

Many company life insurance schemes leave the final payout decision to the employer’s discretion, which can lead to complications and delays. With a standalone policy, you can have greater control over the beneficiaries and payout structure, ensuring your family receives the financial support they need without unnecessary hurdles.

“Many expats rely on the life cover included in their employee benefits package, often known as Death in Service insurance. While this can seem like a good safety net, it might not be as reliable as you think.”

The Real Cost of Being Underinsured

It’s heartbreaking, but too often, people only discover the shortfalls in their life insurance when it’s too late. Expats are especially at risk because, while enjoying a higher standard of living abroad, the cost of emergencies—whether medical, travel, or otherwise—can be significantly higher. And when you’re far from home, without the support networks you might have in your home country, these costs can quickly spiral out of control. If you were to pass away unexpectedly, would your family have enough to cover mortgage payments, school fees, day-to-day living expenses, and the other financial commitments you’ve worked hard to maintain? The emotional toll of a loss is hard enough. Don’t let it be compounded by financial hardship that could have been avoided with the right cover in place.

Why a Personalised Policy is Essential

This is where a personalised life insurance policy comes into play. Tailored life cover is built around your specific circumstances—taking into account your family size, financial responsibilities, career trajectory, and future aspirations. A personalised policy can:

• Ensure continuous coverage, no matter how often you change jobs or relocate.

• Provide sufficient financial protection to maintain your family’s lifestyle.

• Include critical illness cover, offering financial support in the event of serious illness or disability.

• Cover your spouse and other dependants, so your whole family is protected.

• Give you peace of mind that the payout is guaranteed, with no discretionary decisions involved.

Why Tailored Coverage Matters Even More for Expats

For expats, the stakes are even higher. Living abroad often means you’re far from family support systems, and healthcare costs in your host country could be significantly higher than back home. Plus, as a Western expat in a senior position, your financial commitments are likely more complex. From international school fees to maintaining a certain lifestyle, it’s crucial to ensure your life cover is truly comprehensive. Relying solely on your employer’s scheme could expose your family to unnecessary risks. But with a personalised life insurance policy, you’ll have the security of knowing your family is fully protected, no matter where life takes you.

Take Control of Your Financial Future

“From international school fees to maintaining a certain lifestyle, it’s crucial to ensure your life cover is truly comprehensive.”

As you focus on your career and enjoying the benefits of expat life, don’t leave your family’s financial future to chance. Now is the time to take control of your life insurance by investing in a personalised policy that covers the full scope of your family’s needs.

You’ve worked hard to get where you are—make sure that hard work isn’t undone by a lack of proper protection. Speak with a specialist today to ensure your loved ones are fully covered and that you have the peace of mind you deserve.

Protect What Matters Most

Secure Your Family’s Future With Tailored Insurance Solutions.

Why

Choose Skybound Wealth?

• Comprehensive coverage for expats and their families

• Tailored policies that fit your lifestyle, whether home or abroad

• Peace of mind with flexible life, health, and critical illness cover

• Expert advice to ensure your loved ones are fully protected ACT NOW

Safeguard your future today—speak to an adviser about a bespoke insurance plan.

Scan the QR code or click here to request your free quote.

Or contact your Skybound Wealth Financial Adviser today.

THE ULTIMATE GUIDE TO GROUP SAVINGS SCHEMES

In today’s fast-paced global economy, companies are constantly looking for ways to attract and retain top talent. One increasingly popular strategy, particularly in the Middle East, is offering a comprehensive Group Savings Scheme (GSS) from the many available options. But what exactly is a GSS, and why are so many employers embracing it?

Let’s explore why a GSS could be the upgrade your organisation needs.

Written by Thomas Sleep

Why Group Savings Schemes are Booming in the Middle East

If you’re in the Middle East, you’ve probably noticed the growing interest in Group Savings Schemes. There’s a good reason for this. Offering a GSS is rapidly becoming a musthave for companies looking to stand out in a competitive job market. Here’s why:

Attracting Top Talent

In today’s job market, a competitive salary and a selection of allowances are often not enough to attract the best candidates. Talented professionals seek employers who invest in their future. A well-structured GSS sends a powerful message: we care about your long-term financial well-being. This is especially crucial in industries like tech, finance, and engineering, where specialised skills are in high demand.

Enhancing Staff Retention

After attracting top talent, the next challenge is keeping them. Employees are more likely to stay with a company that offers financial security and stability. A GSS can be critical in reducing turnover, offering employees a clear path to achieving their financial goals. For expatriates who might not have access to traditional pension schemes and desire more than the conventional gratuity benefit, a GSS can be vital for their retirement planning.

Meeting Expatriate Needs

In a region with a high number of expatriates, flexibility and portability are essential. A GSS offers just that, allowing employees to continue their savings journey even when they change jobs or relocate. This continuity is invaluable for expatriates who often move across borders and need a reliable way to manage their finances.

“Talented professionals seek employers who invest in their future. A well-structured GSS sends a powerful message: we care about your longterm financial well-being. This is especially crucial in industries like tech, finance, and engineering, where specialised skills are in high demand.”

What Makes a Group Savings Scheme So Appealing?

1. Flexibility and Customisation

One of the biggest draws of a GSS is its flexibility. Employees can tailor their investment portfolios to match their financial goals and risk tolerance.

With thousands of investment options across various asset classes and currencies, they can create a portfolio that aligns with their unique financial objectives.

2. Multi-Currency Support

Multi-currency support is a significant benefit for employees working in a global environment. Many GSS platforms offer investments in up to 11 currencies, including US Dollar (USD), Euro (EUR), British Pound (GBP), Swiss Franc (CHF), Canadian Dollar (CAD), Australian Dollar (AUD), New Zealand Dollar (NZD), and South African Rand (ZAR).

3. Portability for a Mobile Workforce

In today’s world, job changes and relocations are common. Fortunately, a GSS is designed to move with employees, offering seamless portability.

4. No Lock-In Period

Unlike some investment schemes that tie you down, a GSS typically has no lock-in period. Employees can manage their investments as they see fit without being restricted by a fixed term.

5. Cutting-Edge Online Access

Managing investments has never been easier.

With a GSS, employees have 24/7 online access to their portfolios, eliminating the need for paper statements and manual transactions.

6. Transparent and Competitive Pricing

GSS platforms are known for their transparency and competitive pricing. Employees can expect straightforward pricing models with no hidden charges.

7. Dual Contributions from Employer & Employee

One of the standout features of a Group Savings Scheme is the ability for both employees and employers to contribute to the plan.

Qualified Financial Advisers for Personalised Guidance

A vital component of a well-managed GSS is the involvement of qualified financial advisers. These professionals provide holistic, one-on-one advice to employees.

Financial advisers help design and adjust investment strategies over time, offering tailored advice to meet employees’ evolving needs and objectives.

Why Choose a Group Savings Scheme?

With a strong regulatory framework and robust security measures, GSS platforms offer peace of mind for both employers and employees. They combine flexibility, security, and innovative features, making them an attractive option for organisations looking to provide a comprehensive retirement savings solution.

Act Now: Empower Your Workforce with a Group Savings Scheme

Offering a Group Savings Scheme is a progressive move for any employer looking to attract and retain top talent. They ensure that employees have the necessary tools to achieve their financial goals while offering employers a competitive edge in talent retention and satisfaction.

“One of the biggest draws of a GSS is its flexibility. Employees can tailor their investment portfolios to match their financial goals and risk tolerance.”

Have You Heard Of Our Client App?

Download the exclusive Skybound Wealth App to help you stay in touch with your Advisor and access your policy information round the clock. Client App

Scan the QR code or click here to download the app.

REAFFIRMING OUR COMMITMENT TO RESPONSIBLE INVESTMENT

Skybound Wealth is proud to remain a signatory of the United Nations Principles for Responsible Investment (UN PRI).

This reflects our commitment to helping clients achieve long-term growth while supporting sustainable, ethical practices. For our clients and advisers, it reinforces the importance of aligning financial goals with responsible investment strategies.

What Is the UN PRI?

The UN PRI was launched in 2005 to encourage investors to incorporate environmental, social, and governance (ESG) factors into their decisionmaking. Supported by the United Nations, it connects nearly 5,000 signatories worldwide, including some of the largest investment firms. These firms work together to promote sustainability, transparency, and accountability across the financial industry.

How Responsible Investing Benefits Clients

Investing responsibly is about making decisions that reflect what matters to you while managing risks effectively. At Skybound Wealth, this means every fund we review undergoes a rigorous ESG analysis. Whether clients choose our Growth portfolios or our ESG-focused Responsible Growth portfolios, they can invest with confidence knowing their investments contribute to a more sustainable future.

Our role as a UN PRI signatory also gives us access to leading research and insights. This allows us to continuously refine our investment practices and keep delivering strong results for clients.

Mike Coady, CEO of Skybound Wealth Management, explains:

“Our commitment to the UN PRI reflects who we are as a company. We believe responsible investing is not just about doing the right thing, it’s about ensuring our clients benefit from sustainable practices that also deliver excellent returns. This approach allows us to build trust and create long-term value for our clients and the communities we serve.”

Setting the Standard for Advisers and Clients

Skybound Wealth stands out in the international financial advice industry as one of the few firms committed to the UN PRI. This positions us as a trusted partner for those seeking both performance and purpose in their investment portfolios.

For advisers, this is an opportunity to join a company that leads by example, demonstrating that responsible investment practices can achieve exceptional results. For clients, it’s the assurance that their investments align with their values and contribute to a better future.

This reflects our commitment to helping clients achieve long-term growth while supporting sustainable, ethical practices. For our clients and advisers, it reinforces the importance of aligning financial goals with responsible investment strategies.

Securing Your Future with Confidence

At Skybound Wealth, every decision we make reflects our promise to deliver growth and sustainability. Partner with us to achieve your financial goals while supporting a vision for a better tomorrow.

THE FCA’S CRACKDOWN ON FINFLUENCERS: WHAT IT

MEANS FOR INVESTORS

Written by Mike Coady

The Financial Conduct Authority (FCA) has recently intensified its action against social media ‘finfluencers’ promoting financial products without proper regulation, with 20 influencers now being interviewed under caution. This targeted crackdown highlights a crucial point for investors, particularly those newer to financial markets: not all financial advice comes from qualified, licensed sources.

With lifestyle appeal, influencers can attract vast followings, but there are significant risks for investors who act on unregulated advice. As the FCA continues to increase scrutiny, it has issued 38 alerts against social media accounts operated by finfluencers that may contain unlawful promotions. The growing popularity of complex financial products like foreign exchange (FX) and contracts for difference (CFDs) on social media platforms further underscores the need for professional, regulated advisers.

The Importance of Regulated Advice

One of the most important steps any investor can take is to ensure they are receiving advice from a licensed professional. Financial regulations exist to protect investors from unsuitable products, high fees, and unmanageable risks. If you’re making decisions about your pension, savings, or other investments, having a regulated adviser ensures that your strategy complies with both local and international laws, minimising potential pitfalls.

It’s not just the investment you need to evaluate, do your due diligence on the person advising you. Are they licensed in your jurisdiction? Do they have recognised qualifications? A professional adviser will always be transparent about their credentials, whereas someone who skirts regulation may not. Transparency is essential in helping you achieve your financial goals while safeguarding your assets.

Why Due Diligence Matters

With social media giving everyone a platform, distinguishing credible financial advice from harmful promotions can be challenging. According to the FCA’s press release, nearly two-thirds (62%) of 18- to 29-year-olds follow social media influencers; among them, 74% trust this advice, and 9 in 10 young followers have been encouraged to change their financial behaviour. These statistics reveal the potential impact influencers have on younger, often less experienced investors.

The FCA’s recent actions serve as a clear reminder of the potential pitfalls when following unverified advice. Conducting due diligence on both the investment product and the adviser can prevent costly mistakes in the future. Investors should always look beyond the surface—ask questions, seek clarification, and make sure they’re comfortable with both the investment strategy and the adviser providing the guidance. Confirming that the adviser is properly licensed, qualified, and has a solid track record in financial planning is critical. Without verification, you risk trusting your finances to someone who may not be accountable for the consequences.

Skybound Wealth’s Global Expertise

At Skybound Wealth, we take pride in providing licensed, professional financial advice across five continents. Our advisers are not only thoroughly trained, but they are also backed by an awardwinning compliance team that ensures all advice is up to the highest regulatory standards.

Our global reach means we understand the intricacies of cross-border financial planning, offering advice that is tailored to each client’s unique circumstances. Whether you’re managing pensions, investments, or looking for tax-efficient solutions, our advisers have the credentials and expertise to help you make informed decisions that protect your financial future.

Avoiding the Risks of Unregulated Advice

For investors, particularly expatriates or those dealing with complex international financial arrangements, the stakes are high. As the FCA’s crackdown demonstrates, unregulated advice can have severe consequences, leading to substantial financial losses. While shortcuts in financial planning may seem appealing, skipping regulated advice often results in costly errors down the line. The takeaway for investors is straightforward: do your due diligence. Work with a licensed adviser who can provide the expertise and protection you need. Receiving regulated advice helps safeguard your investments and allows you to focus on building a secure financial future.

Take Action

If you want to ensure your investments are aligned with your goals and managed by a regulated, professional adviser, now is the time to act. Reach out to a trusted financial adviser who can guide you through the complexities of today’s financial markets and help protect your assets for the long term.

“As the FCA continues to increase scrutiny, it has issued 38 alerts against social media accounts operated by finfluencers that may contain unlawful promotions.”

A GUIDE FOR AUSTRALIAN EXPATS EARLY IN THEIR JOURNEY ABROAD

Written by Mark Tucker

Embarking on an international career is a life-changing decision, offering exciting opportunities and the potential to build significant wealth. However, the financial landscape you may find yourself in is complex, and what you do during these years abroad has the potential to set the foundation for your financial future when you eventually return to Australia.

It’s important to not only enjoy the benefits today, but also to strategically plan for tomorrow. At Skybound Wealth, we’re here to guide you every step of the way, ensuring that your wealth is optimised and protected for when the time comes to repatriate.

Key Considerations for Managing Wealth Abroad

While returning to Australia may seem a distant consideration, planning ahead is essential. As an Australian expat, the financial decisions you make now can have a profound impact on your future tax liabilities and overall financial well-being. Let’s explore some critical aspects that should be on your radar:

“Currency fluctuations can have a profound impact on your wealth, and being overly concentrated in one currency can make you vulnerable to sudden market shifts.”

1. Capital Gains Tax (CGT) on Overseas Assets

As an Australian expat, you have a unique opportunity to build and grow assets in a taxefficient environment. However, it’s important to keep an eye on how these assets will be treated when you eventually return home.

Deemed Disposal: While living abroad, you may sell assets without incurring Australian CGT. However, upon regaining residency, the Australian Taxation Office (ATO) will treat any remaining assets as if they were acquired at their current market value, this is known as “deemed acquisition.”

Future CGT Liability: The appreciation of these assets after you return will be subject to CGT in Australia. By planning now, you can structure your investments to minimise this liability when the time comes to sell.

Example: If you’ve purchased shares in a European company, their value might grow significantly by the time you decide to return to Australia. The ATO will consider them as though they were bought at their market value on your return date, meaning any further growth will be subject to CGT.

2. Income Tax on Foreign Income

Living abroad often means benefiting from lower taxes, but it’s vital to consider how your income will be taxed when you return to Australia.

Tax-Free Threshold Loss: Upon your return, income generated from your foreign investments will be added to your taxable income in Australia. This could push you into a higher tax bracket, reducing your tax-free threshold and increasing your overall tax burden.

Double Taxation: Although Australia has agreements to avoid double taxation, the complexity of these treaties can result in liabilities in both jurisdictions. Early planning can help you navigate these challenges effectively.

“Living abroad often means benefiting from lower taxes, but it’s vital to consider how your income will be taxed when you return to Australia.”

3. Foreign Exchange Risks

When living abroad, it’s easy to become heavily exposed to the currency of your host country, especially if you’re earning in major currencies like USD or EUR. However, this exposure carries significant risk. Currency fluctuations can have a profound impact on your wealth, and being overly concentrated in one currency can make you vulnerable to sudden market shifts.

Diversifying Currency Exposure: It’s essential to diversify your currency exposure to mitigate risks. Instead of holding all your assets in one currency, consider spreading your investments across multiple currencies. This can help cushion the impact of adverse currency movements and reduce the risk of losing wealth due to unfavourable exchange rates.

Opportunities in Currency Markets: While currency risk is a concern, it also presents opportunities. By strategically purchasing other currencies, you can potentially benefit from favourable exchange rates. For instance, if the Australian dollar is expected to weaken against a particular currency, holding assets in that currency could increase their value when converted back to AUD. Our team at Skybound Wealth can help you identify and capitalize on these opportunities, ensuring your portfolio remains robust against currency fluctuations.

4. Timing Your Repatriation

While you may not be planning to return to Australia soon, the timing of your repatriation will play a crucial role in determining your tax liabilities.

Staggered Repatriation: Gradually bringing your wealth back to Australia over several years can help spread out the tax impact, potentially keeping you in a lower tax bracket.

Aligning with Life Events: Aligning your repatriation with life events such as retirement could offer additional tax benefits, especially when it comes to superannuation and other retirement-related concessions.

5. Superannuation

A Superannuation is a powerful tool for securing your retirement, offering various tax advantages and benefits. However, as an Australian expat, many of these benefits may not be as advantageous or even accessible, depending on your specific circumstances.

Limitations for Expats: While superannuation contributions can reduce your taxable income in Australia, as an expat, you may find that these benefits are diminished. For instance, your contributions may not be tax-deductible in your host country, or the earnings within your superannuation fund may be subject to foreign taxes, reducing the overall benefit.

Exploring Alternative Strategies: Given these limitations, many expats explore alternative investment strategies that leverage their international status. By investing in global assets or tax-efficient structures available in your host country, you might unlock opportunities that offer better returns or tax advantages compared to superannuation. At Skybound Wealth, we can help you evaluate these alternatives, ensuring that your retirement planning is optimised for your unique situation as an expat.

Strategies to Optimise Your Wealth Abroad

As you progress through your expat journey, there are several strategies you can implement now to optimise your wealth and minimise future tax liabilities:

Tax-Effective Investments

Consider restructuring your portfolio to include tax-effective investments, such as Australian shares with franked dividends. These dividends come with franking credits that can offset the tax you owe, making them a highly efficient option.

Utilise Tax Deferral Strategies

Where possible, defer realising capital gains or receiving income until your return to Australia, where you can benefit from potentially lower tax rates. This approach requires careful planning, and Skybound Wealth is here to guide you through the process.

Double

Taxation Relief

We’ll help you navigate the complexities of double taxation agreements between Australia and your host country, ensuring you claim all the credits available to reduce your overall tax burden.

Foreign

Exchange Hedging

Implementing a foreign exchange hedging strategy is essential to protect the value of your overseas assets. We can advise on various financial instruments, such as forward contracts or options, to lock in favourable exchange rates and provide greater certainty when repatriating your wealth.

“... the timing of your repatriation will play a crucial role in determining your tax liabilities.”

Maximising Inherited Wealth Essential Strategies

for Expats in Their 40s and 50s

Written by Nick Sargeant

In today’s globalised world, many successful expatriates in their 40s and 50s are finding themselves in a unique financial position— receiving substantial inheritances while still negotiating the complexities of a demanding career and planning for retirement.

For those who are financially savvy but perhaps not fully prepared for the intricacies that come with such windfalls, it is crucial to take strategic steps to safeguard and grow this wealth while minimizing tax liabilities.

The Shifting Landscape of Midlife Inheritance

With increasing life expectancies, more individuals are inheriting wealth later in life. For expatriates, this often means that the inheritance arrives at a time when they are deeply involved in building their financial future, whether that’s saving for retirement, funding children’s education, or investing in new opportunities. This presents a rare and valuable opportunity to not only secure their financial future, but also to leave a lasting legacy. However, seizing this opportunity requires a well-crafted strategy that goes beyond the basics of financial management.

The Perils of Letting Your Inheritance Languish in a Bank Account

A common yet misguided instinct is to park inherited funds in a savings account. While this might seem like a safe and convenient option, it is important to recognize the risks associated with this approach, especially for expatriates who must contend with inflation and currency fluctuations. Interest rates on savings accounts frequently fail to keep pace with inflation, meaning the real value of your money diminishes over time. Furthermore, leaving a large sum in a bank account represents a significant opportunity cost, as you could be missing out on much higher returns available through strategic investments. For expatriates, the situation is even more precarious, as fluctuating exchange rates can further erode the value of your funds. Therefore, it is critical to explore more dynamic investment options.

Stacking coins on a see-saw, illustrating the risks of letting inheritance stagnate in a bank account for expats.

“While this might seem like a safe and convenient option, it is important to recognize the risks associated with this approach...”

Proactive Planning to Avoid Costly Pitfalls

Before you even begin to think about where to invest your inheritance, it’s imperative to understand the tax landscape you’re entering. While inheritance tax may have been addressed by the estate, the funds or assets you receive can still generate future tax liabilities, which can be particularly complex for expatriates dealing with multiple tax jurisdictions.

For instance, capital gains tax may become an issue when you sell appreciated assets, and any income generated from your inheritance— whether through interest, dividends, or rental income—can be subject to income tax. Without careful planning, these taxes can significantly erode the value of your inheritance. Therefore, a thorough understanding of both your current tax obligations and potential future liabilities is essential to preserving your wealth.

Balancing Growth, Security and Tax Efficiency

To truly maximize the potential of your inheritance, a diversified investment strategy is paramount. Diversification allows you to manage risk by spreading your investments across various asset classes, such as equities, bonds, real estate, and alternative investments. This approach not only seeks to achieve growth but also provides a level of security against market volatility.

Tax-Efficient Investment Vehicles:

For expats, especially those residing outside the UK, it’s essential to explore tax-efficient investment vehicles that are available in their country of residence. Offshore bonds, for example, are popular among expatriates as they offer significant tax advantages, including the ability to defer taxes until withdrawals are made.

Pension schemes, both local and international, can also provide tax relief on contributions and the potential for tax-free growth within the fund, depending on your residency status and local tax laws.

Balancing

Growth with Liquidity:

While it’s important to aim for long-term growth, it’s equally crucial to ensure that a portion of your investments remains accessible. Life is unpredictable, and having liquid assets can provide the flexibility to handle unforeseen expenses or take advantage of new opportunities. A well-structured portfolio will strike a balance between growth-oriented investments and those that offer quick access to funds.

Estate Planning and Legacy Building

As you work to grow your inheritance, it’s also an opportune time to consider your own estate planning. Thoughtful estate planning can significantly reduce the inheritance tax burden on your heirs, ensuring that more of your wealth is passed on to future generations.

Gifting Strategies: One effective estate planning tool is lifetime gifting. Many jurisdictions offer tax exemptions or allowances for gifts made during your lifetime, which can reduce the size of your estate and, consequently, the inheritance tax your beneficiaries will face. Additionally, gifting to your children or grandchildren can provide them with much-needed financial support at crucial moments in their lives.

The Value of Expert Advice

Managing an inheritance is not a task to be taken lightly. The array of investment choices, tax considerations, and long-term financial planning decisions can be overwhelming, even for the financially literate. This is where the expertise of a seasoned financial adviser becomes invaluable. By collaborating with a professional who understands the nuances of cross-border taxation and global investment opportunities, you can develop a personalized strategy that aligns with your unique circumstances and goals. Regular reviews and adjustments to your plan will ensure that your strategy remains effective as your life situation, tax laws, and market conditions evolve.

Transform Your Inheritance Into a Lasting Legacy

Your inheritance represents more than just a financial windfall; it’s an opportunity to create a meaningful legacy. By taking proactive steps to invest wisely, minimize tax liabilities, and plan for the future, you can ensure that this wealth not only supports your own goals but also benefits your loved ones for generations to come.

Don’t leave your financial future to chance.

Contact us today to explore how a tailored financial plan can help you turn your inheritance into a secure and thriving legacy.

“As you work to grow your inheritance, it’s also an opportune time to consider your own estate planning.”

Your Inheritance, Your Legacy

Unlock the full potential of your wealth with tailored strategies for expats.

Scan the QR code or click here to find out more.

Or contact your Skybound Wealth Financial Adviser today for more information.

Q4 2024 Review & Q1 2025 Outlook

MARKET & MACRO REVIEW FOR Q4 2024

Written by Jabir Sardharwalla

With Q4 just ended, the table below sets out performance by various asset classes / styles:

Above I have shared the performance for Q3 2024. When viewed like this, it was quite the turnaround story driven primarily by one thing: a less aggressive rate cut / higher bond yield outlook. Look at Global REITs for instance, +16.2% in Q3 (on the back of aggressive rate cut talk) and -8.9% in Q4 (outlook for fewer rate cuts and a possible resurgence in inflation). It doesn’t stop at that. Value declined (+9.7% vs -4.1% respectively. Commodities +0.7% vs -0.5% respectively – on the back of a strengthening US$). Interestingly, Growth was consistently positive at +3.55 vs +3.9% respectively. How come seeing as a rising yield environment would normally knock that for a six? This comes down to the re-election of Trump in the US and the associated “Trump Reflationary Trades” together with the Silicon Valley “alliance” and the potential boost to the Tech sector.

“It’s happening and ranges between 10% to 20% for nonChinese goods and as much as 60% for Chinese goods.”

Source: Bloomberg, FTSF, LSFG Datastream, MSCI, J.P. Morgan Asset Management. DM Equities: MSCI World; RFITs: FTSF

There was another factor at play (more in the 2025 Outlook section): tariffs. The impact of this remains a “known unknown”. It’s happening and ranges between 10% to 20% for non-Chinese goods and as much as 60% for Chinese goods. Quite what effect this will have comes down to deal-making between countries – Trump’s preferred modus operandi. 2024 has also been a year of elections. In all of them, the people have spoken and the general message from them is clear: if our pockets are hurting, we will vote you out. Nowhere was this more visible than in India where Modi’s party was dealt a surprise blow and failed to secure the outright majority pundits had expected. Instead, it came back as the largest party which inevitably means the minority coalition partner secures leverage. Speaking of elections, the chart below reviews stock market performance across major indices:

Once again, a comparison of Q3 to Q4 2024 (see below) shows it was very much a US story with the S&P500 delivering strongly both pre and post the US election (+5.9% and +2.4% respectively). Besides Japan (-4.9% vs +5.4% respectively), this was not the case elsewhere. Europe remains in political turmoil with the German coalition having collapsed and new election called for 23rd February….far earlier than had originally been scheduled.

“... a comparison of Q3 to Q4 2024 shows it was very much a US story with the S&P500 delivering strongly both pre and post the US election...”

Source: Bloomberg, FTSF, LSFG Datastream, MSCI, J.P. Morgan Asset anagement. DM Equities: MSCI World; RFITs: FTSF

OUTLOOK FOR Q1 2025

Market performance over the Q3 & Q4 periods sums up what we can largely expect during 2025… it all comes down to expectations around bond yields which, in turn, are down to inflation expectations. These are the factors to watch out for – many are interlinked in that one will impact the other:

1. Energy prices:

Overall, oil prices are looking vulnerable. Despite a recent pick up to over $73 per barrel for WTI and over $76 pb for Brent, much of this is due to optimism, perhaps overoptimism, on a China rebound. Otherwise, oil has been hovering at or below $70 pb. Momentum could lift prices further but the fundamental case for oil prices to rise higher from current levels doesn’t make sense. Normally, rising tensions in the Middle East provide the catalyst. However, with all the latest goings on between Israel/Hamas/ Hezbollah/Houthis/Iran and now Syria, none of these dislodged the oil price. In fact, they fell. So now markets seem to be pinning their bets on a China recovery. OPEC has been unable to make production caps work - in fact production cuts have led to further price declines. Not only is US shale fracking readily boosting supply but extra production from the South Americas (Brazil, Venezuela, Guyana) and Central Asia (Kazakhstan) are all adding to production. Last – but not least – the shift to electric vehicles and alternative energies (nuclear, solar, wind) are ramping up and reducing oil dependence.

“Even with the Fed having turned hawkish again in Q4 2024, it still went on to say there’s room for two more cuts totalling 0.50%.”

2. Tariffs:

This is a big known unknown. For an approximate guide, 20% tariffs on all goods and services applied to a nation’s imports – assuming a full pass-through effect – theoretically results in a +6% rise in inflation. However, the reality is it is considerably less seeing as both exporters and importers bear some of this rise to try and soften the blow. Furthermore, the US$ continues to appreciate – and will likely appreciate even more given that the Trump administration is seen to be more business and Tech friendly. Therefore, the resulting impact on inflation would be well under +3%. In Trump’s case, the tariffs would be applied to goods only – US GDP is not reliant on exports unlike other nations and manufacturing is not a huge part either (Trump wants to change this). So, allowing for deal-making and price cutting, the inflationary is likely to be subdued. The impact on China will be felt but less than expected. China has managed to diversify its exports away from the US considerably but the potential for 60% tariffs on its exports of goods will be felt on the wider economy in the short term.

3. Loan Rates:

In my last Quarterly, I wrote about the real reason why I thought the Fed began cutting rates so aggressively – this year’s (and next year’s) maturing corporate debt load. In it – based on studies undertaken – I suggested rate cuts totalling 1.5% to 2%. Of this, 1% has already been done. Even with the Fed having turned hawkish again in Q4 2024, it still went on to say there’s room for two more cuts totalling 0.50%. It always has the potential – and the scope – to do more if it so chooses. The reality is, amongst the G7, 10y Government bond yields seem to be settling around 3% - which is what they averaged during 2004 to 2014. The days of sub 1% are gone! The US 10y Treasury yields around 4.55%. Over the last 12 months, it ranged between 3.6% and 4.7%. Debt servicing costs matter – the days of easy and almost zero cost money are gone. Interest costs are a massive burden on the government.

4. The Labour Market:

All the latest data – especially in the US – points to continuing strength in the labour market. The monthly non-farm payrolls, the weekly jobless data and the JOLTS data – all point to strength. Companies are fighting hard to retain staff. Wage growth is moderating but remains ahead of inflation. There is nothing on the horizon to suggest this will be upstaged any time soon.

5. The China Story:

For now, China still exports deflation. Latest activity data came in weaker than expected despite the fact it did increase. The impending tariffs from the Trump administration-in-waiting are certainly having a choking effect on Chinese activity. The latest rise in oil prices denotes the possible optimism on President Xi’s plans to promote growth… but we have been here before. There have been several attempts at this, all very recently and it hasn’t driven confidence. The property sector remains at the heart of the country’s malaise.

6. Technology & Innovation:

It’s always about the earnings! For 2024, earnings growth (Source: LSEG) for the S&P 500 is estimated to be over +10% (2025: +14.3%). Profit margins are expected to be 12% (a near record vs a 10y average of 10.8%). By contrast, Tech stocks are estimated to see earnings growth of 20.1% (2025: +21.1%). For the Mag(nificent)-7, the figures are +33% for 2024, just +4% for the remaining 493 stocks in the S&P 500 (Source: FactsSet). Earnings growth for the Mag-7 is expected to slow in 2025.

“For the Mag(nificent)-7, the figures are +33% for 2024, just +4% for the remaining 493 stocks in the S&P 500”

Mega Tech Earnings Growth: 2024 vs 2025 (calendar year)

Source: LSEG/CNBC

The key point here is the scale of technological adoption undertaken by non-Tech companies as well as the different sectors e.g. Generative AI is exploding with powerful impacts on Biotech and Robotics. These all require AI Chips, anywhere between 2 to 20 per item. The more sophisticated the item, the more AI Chips they need. The rate of adoption is going to be the key determinant of earnings – especially given the urgent need amongst Western economies to cut departmental spending and enhance productivity in an era where populations are ageing quickly and fewer people are available to boost the workforce.

Thank you for your continuing support as always – we really value it and please reach out to us if you have any queries.

THE SILENT WEALTH GAP For Women

Written by Rhiannon Bagshaw

With women retiring with 30% less wealth than their male counterparts, the need for wealth planning strategies tailored to their unique challenges has never been greater. Rhiannon Bagshaw explores how specialised financial advice for women can empower you to close the wealth gap and secure your financial future.

Women retire with 30% less wealth than men on average, underscoring the importance of adopting proactive wealth planning strategies. This financial disparity can significantly impact independence and quality of life in retirement, making expert financial advice for women essential.

Understanding the Causes

The Wage Gap

Although progress has been made to reduce the gender pay gap, women still earn less than men. This discrepancy highlights the need for tailored wealth planning strategies to ensure long-term financial security, particularly for women of colour who face even greater disparities.

Career Breaks for Caregiving

Many women take career breaks to care for children or elderly relatives, losing income, promotions, and pension contributions in the process. For example, a five-year break could mean missing out on £200,000 in earnings and investment growth, particularly in regions like the UK or UAE, where retirement benefits are linked to continuous employment.

Longer Life Expectancy

On average, women live five years longer than men, which increases the amount needed to fund a comfortable retirement. For expats, managing international pension systems and self-funded savings plans can make this an even greater challenge.

Conservative Investment Choices

Women often prefer low-risk investments, which may seem safer but yield lower returns over time. This cautious approach can result in a significant shortfall, especially in regions with high inflation or limited employer-provided retirement benefits.

Strategies to Close the Gap

Start Saving Early

Small, consistent contributions can form the foundation of effective wealth planning strategies, ensuring financial stability in the future. Starting early allows women to take control of their financial journey with confidence. For example, saving AED 700 per month from age 25 could result in over AED 2 million by retirement, assuming a 7% annual return. Starting at age 35 reduces this to AED 1 million, showing the value of acting sooner rather than later.

Invest with Confidence

A balanced portfolio, as part of comprehensive wealth planning strategies, can help women grow their wealth over the long term. With expert financial advice for women, tailored investments align with individual goals and risk preferences.

Plan for Longevity

Given longer life expectancy, saving more aggressively or working longer can help bridge the gap. Skybound Wealth can assist in calculating the funds needed to sustain your retirement and offer tailored solutions to meet these goals.

Secure Your Financial Future

For expats, having a will and guardianship arrangements is essential. Skybound Wealth’s Women Like Us initiative offers workshops and one-on-one coaching to help women make informed decisions about safeguarding their wealth.

Frequently Asked Questions

1. What are wealth planning strategies, and why are they important for women?

Wealth planning strategies are personalised financial plans designed to help individuals achieve their long-term financial goals. For women, these strategies are crucial in overcoming challenges like career breaks, longer life expectancy, and the gender wealth gap. By adopting tailored strategies, women can ensure financial independence and a secure future.

2. What makes financial advice for women different?

Financial advice for women focuses on addressing the unique financial challenges they face, such as lower average earnings, caregiving responsibilities, and longer life spans. It also considers specific goals like retirement planning, investment diversification, and estate planning to provide a holistic approach.

3. How can women start closing the wealth gap today?

Women can start by creating a budget, saving consistently, and investing with confidence. Seeking professional financial advice is also key to developing effective wealth planning strategies tailored to their needs.

How Skybound Wealth Can Help

Addressing the wealth gap begins with implementing effective wealth planning strategies and seeking expert financial advice for women.

Skybound Wealth is committed to helping women take control of their financial futures. Through our Women Like Us network and tailored advisory services, we provide practical tools and strategies to close the gap and secure longterm independence.

Take the first step today. Speak to a Skybound Wealth adviser to build a plan that ensures the retirement you deserve.

Scan the QR code or click here to find out more about WLU.

UK’s FCA Highlights Critical Pension Risks For British Expats In The UAE

Written by Tom Pewtress

New data from the Financial Conduct Authority (FCA) highlights a worrisome trend among British retirees, with only 30.9% of pension holders taking professional advice, despite a 19.7% surge in pension access for the first time. For British expats in the UAE, this underscores an even greater risk: having to make complex financial decisions without guidance can lead to costly mistakes.

Understanding the Stakes as a British Expat

Expats enjoy a range of options for managing wealth and pensions, from tax-efficient savings and offshore investments to retirement strategies tailored for international lives. However, these benefits also come with added intricacies that need careful planning to avoid significant risks. With expertise in cross-border financial planning, Skybound Wealth helps British expats make informed choices that protect and enhance their wealth.

Insights from Tom Pewtress, Group Head of Proposition at Skybound Wealth:

“The FCA’s findings serve as a strong reminder for British expats in the UAE. Accessing pensions without guidance can be particularly risky here, given the additional layers of international finance. In the UAE, expats benefit from options that might be unavailable back in the UK, but these require a nuanced approach. It’s crucial to balance short-term needs with a long-term strategy that aligns with both UK and UAE regulations.”

The Right Financial Strategy for Expats

It’s easy to feel overwhelmed by the variety of options, but the right approach can make all the difference. Skybound Wealth advises a holistic view of retirement planning, where your pension fits into a cross-border strategy. This approach considers factors like tax laws, international treaties, and currency risks. Choosing a qualified adviser with expertise in both UK and UAE financial landscapes is key to making the most of your expat status.

Why Adviser Quality Matters

Expats are vulnerable to receiving subpar advice if they’re not careful, which can lead to unsuitable investments and losses. The UAE is home to many advisers, yet only a fraction have UK-UAE regulatory capability. Selecting a skilled adviser with verifiable credentials and cross-border expertise is essential for developing a pension strategy that holds up in the long run.

“It’s easy to feel overwhelmed by the variety of options, but the right approach can make all the difference.”

Professional Guidance: A Crucial Step for British Expats

The FCA’s data is a powerful indicator that professional advice is no longer optional for British expats—it’s essential. Skybound Wealth’s advisers bring decades of combined experience in cross-border finance, specifically geared toward expats. Our guidance helps protect your retirement assets while capitalizing on the advantages of living in the UAE.

Secure Your Financial Future Today

If you’re a British expat in the UAE, don’t leave your pension to chance. Consult with our specialized advisers to ensure your pension and investments are aligned with your goals. Reach out to our team today to make the most of your financial status as an expat and make the most of international pension planning with confidence.

WITH TOM PEWTRESS & SPECIAL GUEST SAM CRABTREE

Common Pitfalls & Traps to Avoid When Investing In UK Property PODCAST THE EXPAT INVESTOR

In the latest episode of the Expat Investor Podcast, Tom Pewtress, Group Head of Proposition at Skybound Wealth, is joined by API Global’s Sam Crabtree, a property investment expert, to discuss UK property as an asset class. Together, they delve into the strategies, risks, and opportunities that make UK property a cornerstone for international investors.

About The Hosts

Tom Pewtress:

Group Head of Proposition at Skybound Wealth Management, Tom is an experienced adviser who specialises in helping expats build robust investment portfolios tailored to their unique needs.

Sam Crabtree:

A guest expert in property investment, Sam works closely with advisers and clients to provide tailored property solutions for international investors.

Whether you’re a seasoned investor or just starting to explore property as an asset class, this episode offers actionable insights to help you build a more secure and profitable future.

Key Highlights from the Episode

Buy and Hold vs. Quick Flips

While TV shows often glamorise property flipping, Tom and Sam emphasise a different approach for expats: medium to long-term investments. They discuss why UK property remains a low-risk, high-performing asset, driven by a strong demand-supply imbalance and historical stability.

Off-Plan Property: Myth or Opportunity?

Tom and Sam explore the benefits of off-plan investments, including split payment plans and potential belowmarket pricing. They also debunk misconceptions around guaranteed returns, highlighting the importance of careful research and working with trusted partners.

Turnkey Solutions and Tax Efficiency

The conversation covers how expats can simplify property investment by leveraging turnkey solutions. From legal considerations to mortgage options and tax-efficient strategies, they walk through the process of building a property portfolio tailored to individual needs.

The Role of Market Research

Sam highlights the importance of thorough market research, showcasing how factors like location, tenant demand, and infrastructure development drive successful investments. Regions such as Manchester, Birmingham, and Liverpool emerge as key areas offering competitive yields.

Avoiding Common Pitfalls

The episode also addresses common mistakes, such as overpaying for properties or falling for over promised returns. Tom and Sam stress the need for due diligence and personalised advice to ensure investors make informed decisions.

With Tom Pewtress & Guests

In this series, we look at all things investing for those living outside their home country and to help you make the most of your wealth.

THE COST OF Financial Illiteracy

Written by Max Gerstein

The state of pension savings in the UK paints a troubling picture. Recent data reveals that many individuals are not adequately prepared for retirement, a situation exacerbated by gaps in our education system, cultural pressures, and short-term financial thinking.

Personal finance education remains notably absent from the UK curriculum. While students are taught various subjects, essential life skills like budgeting, saving, and investing are often overlooked. This gap in education leaves many ill-prepared for managing their finances effectively. As a financial adviser at Skybound Wealth, I see first-hand how crucial it is to integrate financial literacy into education to empower future generations.

Cultural Pressures and Short-Term Thinking

The Influence of Social Media: Social media often presents an unrealistic picture of wealth and success, creating pressure to live beyond one’s means. The emphasis on immediate gratification and materialism can overshadow the importance of long-term financial planning. Retirement seems distant, leading many to postpone saving and investing until it’s too late. Our culture’s focus on short-term enjoyment further complicates this issue.

Statistics Highlighting the Issue:

Average

UK Pension Pot By Age Range

Source: ONS, Charles Stanley

• In their 20s: The average pension pot is £3,700 for men and £2,000 for women.

• In their 30s: Men typically have around £10,300 saved, while women have about £7,500.

• In their 40s: Men have saved an average of £36,000, compared to £26,500 for women.

• In their 50s: Men average £100,000, whereas women have £61,600.

• In their 60s: Men average £228,200, compared to £152,600 for women.

What Does This Mean for Retirement Income?

Using a conservative 5% drawdown rate, the annual income from these pension pots falls short:

• Men in their 60s: £11,410 per year (approx. £950 per month).

• Women in their 60s: £7,630 per year (approx. £635 per month).

These figures are far below the estimated minimum required income of £31,300 per year for a comfortable retirement. This discrepancy highlights the severe financial challenges many will face in retirement.

The Long-Term Consequences of Inadequate Savings

A Grim Future for Many:

Insufficient savings can lead to prolonged working years, deteriorating health due to financial constraints, and a diminished quality of life. The emotional and physical toll of inadequate retirement savings can have lasting effects.

Financial Reality Check:

With an average pension pot of £228,200 for men and £152,600 for women in their 60s, the gap between actual savings and the £557,413 needed for a moderate retirement standard is significant. This shortfall can lead to increased financial stress and a lower standard of living.

The Path Forward

The Need for Financial Literacy in Schools:

To address these issues, financial literacy must become a priority in education. Teaching personal finance, including savings, investing, and understanding real-world costs, should be integrated into the curriculum. By providing students with these skills, we can better prepare them for financial independence.

The Cost of Poor Planning:

Through my work at Skybound Wealth, I have witnessed the consequences of inadequate financial planning. Many clients who failed to plan effectively are now facing extended working years, financial strain, and diminished quality of life. These challenges are preventable with proper education and planning.

The current state of pension savings in the UK serves as a critical reminder of the need for systemic change. By prioritising financial literacy and reshaping cultural attitudes towards money, we can work towards a more secure financial future for everyone.

“Social media often presents an unrealistic picture of wealth and success, creating pressure to live beyond one’s means.”

Speak to a Financial Adviser

If you’re concerned about your financial future or want to ensure you’re on the right path, let’s talk. At Skybound Wealth, we offer personalised financial planning services designed to help you overcome these challenges effectively. Even if you’re not yet ready to make changes, taking the time to understand your financial situation and explore your options can be incredibly valuable.

IN THE SPOTLIGHT: CARLA SMART

GROUP HEAd Of PENSiONS

Akey member of Skybound Wealth’s leadership team, Carla Smart has spent over 15 years helping expatriates successfully manage their finances while negotiating the complexities of living abroad. Her career has taken her across multiple countries, including the UK, France, and Switzerland, where she has gained invaluable insights into the financial systems of these nations and in turn used them to assist her clients effectively. Known for her meticulous attention to detail and client-focused approach, Carla has earned a reputation as a trusted adviser with exceptional client retention. As a recognised leader in pension planning, she heads Skybound Wealth’s Pension Services division, providing ongoing training and support to regional offices worldwide.

“Carla is very knowledgeable and has a clear focus on the client’s needs; we have developed a real relationship of trust over the last few years.”

Carla’s professional achievements include earning the prestigious Chartered Financial Planner designation after completing the Level 6 Advanced Diploma in Financial Planning. She also holds the Advanced Certificate through CySEC and the Series 65 qualification, enabling her to advise clients across Europe and the United States. Beyond her professional success, Carla’s story is one of balance and inspiration. Having built a thriving career while raising two daughters, she serves as a role model for women in financial services. Passionate about increasing female representation in the industry, Carla regularly mentors new advisers, championing inclusion and diversity at every opportunity.

SECURING THE FUTURE OF FINANCIAL ADVICE

Empowering the Next Generation of Advisers

With nearly 75% of advisers retiring in the next decade, the Academy by Skybound Wealth is preparing the leaders of tomorrow.

Caring for our Shared Future

Through first-class training and mentorship, the Academy by Skybound Wealth ensures clients receive exceptional advice and service, today and in the years to come.

Scan the QR code or click here to find out more about our Academy.

MAKE 2025 YOUR BEST YEAR YET:

As the new year begins there’s a golden opportunity to think ahead, not just about resolutions, but about realigning your financial strategy to create meaningful impact.

Written by Mike Coady

Why not take just five minutes now to reassess where you stand financially and where you want to go?

The choices you make today could set the stage for a more prosperous, confident 2025. Here’s how to seize the moment and make this your best year yet:

“The choices you make today could set the stage for a more prosperous, confident 2025.”

4 5

Align Finances With Life Events

What major milestones might 2025 bring for you and your family? A wedding, a home purchase, a career shift—or even a much-needed sabbatical? Planning for these events now allows you to navigate them with clarity and control, rather than stress and uncertainty. Anticipating costs ensures that your financial strategy stays aligned with your personal goals.

Seek Professional Guidance

1

Reflect On 2024: Lessons Learned, Lessons Applied

Look back on the past year with a critical yet constructive lens. What were your biggest financial wins? Did you achieve your savings and investment targets? Where did you fall short, and what lessons can you take forward?

2 3

Reflection isn’t about dwelling on the past; it’s about learning from it. Consider the adjustments that could make a difference in 2025, and write them down. A small insight today could become a big advantage tomorrow.

Set Specific, Measurable Goals

General resolutions like “save more” or “invest better” rarely stick. Instead, aim for clear, actionable objectives. For example:

• Save an additional $15,000 by year-end.

• Increase your investment portfolio by reallocating underperforming assets.

Specificity is the key to accountability. With clear markers of success, you’ll find it easier to stay motivated and track your progress throughout the year.

Take Immediate Action

The power of starting small cannot be overstated. Whether it’s setting up an automated savings plan, booking a financial review, or eliminating one recurring unnecessary expense, every step counts. Momentum builds confidence—and confidence leads to results.

As someone who has spent decades advising clients across the GCC and beyond, I’ve seen first-hand how early, proactive advice transforms lives. Engaging with a trusted financial adviser early in the year equips you to tackle challenges head-on, maximize opportunities, and build a comprehensive roadmap for success. The financial world is complex, but you don’t have to navigate it alone. Whether you’re aiming to optimize returns, protect your assets, or develop a forward-looking strategy, expert advice is your best ally.

Start 2025 Strong, Focused & Ready To Thrive

Imagine stepping into the new year with a clear, actionable plan, greater confidence, and a renewed sense of purpose. That vision is within reach—and it begins now. These final days of the year aren’t just a time for celebration; they’re an opportunity to invest in yourself and your future.

So, take those five minutes today. Reflect, set goals, act, plan, and seek advice. Your aspirations deserve more than wishful thinking—they deserve a strategy that delivers. Together, let’s make 2025 the year you achieve your financial potential.

Take Charge of Your Future. Start Now.

“Senior professionals working abroad often face a unique set of challenges when managing their wealth across different regions.”

THE GROWING IMPORTANCE OF UNBIASED ADVICE FOR EXPATS

Written by Christopher Ellis

In today’s fast-paced global economy, financial markets have become increasingly complex and volatile. The ever-growing range of financial products, coupled with ongoing economic and geopolitical changes, presents challenges for investors trying to make informed decisions.

As a senior financial planner with extensive experience in Europe, the Middle East, and with clients worldwide, I have seen how crucial impartial financial advice has become for Western expats in senior roles.

Complexity in Global Markets

Senior professionals working abroad often face a unique set of challenges when managing their wealth across different regions. Factors such as taxation, currency fluctuations, and varying regulatory frameworks can make financial decision-making more difficult. Beyond traditional investments like stocks and bonds, today’s investors must also consider options such as:

• Exchange-traded funds (ETFs)

• Cryptocurrencies

• Private equity and hedge funds

• Real estate investment trusts (REITs)

• Complex derivatives

The sheer variety of these options demands careful consideration. Without expert guidance, many investors risk making decisions that may not align with their goals, or worse, expose them to unnecessary risks.

The Importance of Impartiality

One of the greatest advantages of working with an independent financial adviser (IFA) is the impartiality they offer. Unlike advisers affiliated with specific institutions, independent advisers have the freedom to recommend financial solutions from the entire market. This objectivity ensures that advice is tailored to a client’s individual needs, rather than being influenced by a limited range of in-house products.

This level of impartiality becomes even more valuable for international investors in a world of complex financial markets. Independent advisers are not driven by the need to push proprietary solutions but instead focus on what truly benefits the client. In my experience, this leads to better long-term outcomes for investors, as the advice they receive is unbiased and aligned with their personal goals.

“Independent advisers are not driven by the need to push proprietary solutions but instead focus on what truly benefits the client.”

“Rather than reacting emotionally to short-term market fluctuations, a skilled adviser provides a clearheaded approach.”

Tailored Advice for Complex Financial Needs

Western expats in senior career roles often have intricate financial requirements. Balancing wealth management, tax planning, and retirement strategies across multiple jurisdictions demands a high level of expertise and personalisation.

Independent advisers take the time to understand each client’s circumstances, enabling them to craft bespoke solutions that evolve as the client’s needs and the financial environment change.

For example, an executive planning for retirement may initially focus on maximising growth through tax-efficient investments. As they approach retirement, this strategy may shift towards preserving capital and providing a steady income.

Independent advisers have the flexibility to adjust strategies as needed, ensuring the client’s financial objectives are met.

Managing Market Volatility

In recent years, market volatility has become a common feature of global financial markets. Events such as geopolitical tensions, inflation, and pandemics can cause sharp swings in asset prices, often leading to uncertainty among investors. During these periods, having access to calm, impartial advice can make a significant difference.

Rather than reacting emotionally to short-term market fluctuations, a skilled adviser provides a clear-headed approach. By implementing strategies such as diversification, risk management, and long-term planning, advisers help clients protect their wealth and seize opportunities when appropriate. This expert guidance ensures that clients are well-positioned to withstand volatility without making hasty, ill-considered decisions.

A Focus on the Future

As financial markets continue to become more complex, the need for independent, impartial advice will only increase. Senior professionals, especially those working abroad, will benefit from the tailored expertise of advisers who are not influenced by corporate interests. Independent advisers offer the kind of clear, objective guidance that is essential for building and protecting wealth over the long term.

The role of a trusted adviser is not just to recommend products, but to provide a strategic, client-first approach that adapts to evolving financial goals. By working with an independent adviser, clients can feel confident that they are receiving impartial advice that truly prioritises their interests.

Money Transfers Made Simple

Since 2003, GC Partners have been helping private & corporate clients across the UAE with their foreign currency and money transfer needs.

BUILDING FINANCIAL WELL-BEING IN THE WORKPLACE

Written by Umarrah

Shafiq

“Financial well-being means more than just staying afloat; it’s about fostering confidence and control over personal finances.”

Financial well-being has become a vital component of employee satisfaction and productivity in today’s workplace. Research shows that addressing financial concerns not only supports individual employees but also creates a more engaged and resilient workforce, especially for expats grappling with unique financial circumstances.

As financial pressures continue to grow, whether due to rising living costs, global economic uncertainty, or personal circumstances, employees increasingly look to their organisations for support. For expats, these challenges can be even more complex, with added considerations like cross-border tax implications and negotiating unfamiliar financial systems. Recognising and addressing these unique needs can create a workplace where employees feel valued, supported, and empowered to thrive.

Why Financial Well-Being Matters

Financial well-being means more than just staying afloat; it’s about fostering confidence and control over personal finances. Employees who feel secure in this area tend to perform better, contribute more positively to workplace culture, and remain loyal to their employers. On the flip side, financial stress can lead to reduced focus, absenteeism, and high turnover.

For employers, prioritising financial well-being isn’t just the right thing to do—it’s smart business. Companies that invest in this area often see improved productivity, stronger retention, and a culture of openness and support.

Creating a Workplace That Supports Financial Health

Promoting financial well-being doesn’t have to be complex. The following are just a few impactful strategies:

• Provide Education: Workshops on topics like budgeting, saving, and retirement planning can empower employees to take control of their finances.

• Offer Tailored Benefits: Flexible financial resources, especially for expats managing cross-border investments or relocation expenses, can alleviate stress.

• Encourage Conversations: Foster an environment where discussing financial concerns feels safe and constructive.

At Skybound Wealth, we frequently help organisations design programmes tailored to their unique workforce needs, including seminars and one-on-one financial planning sessions.

What Do These Programmes Look Like?

We take a collaborative approach when delivering corporate workshops, working closely with companies to ensure that our presentations address the specific needs of female employees. Our workshops are not only informative but highly interactive, encouraging open discussions and engagement.

• Interactive elements where staff members can share challenges and insights.

• Practical tools and case studies that bring financial strategies to life.

• Tailored advice reflecting the unique financial considerations women face, such as managing career breaks or balancing family and work.

“Investing in your employees’ financial wellbeing is a powerful way to build a healthier, more productive workplace.”

By the end of our workshops, employees leave with a clear understanding of how to manage their financial well-being now and in the future, supported by ongoing resources and access to one-to-one coaching if desired.

Empowering Women in the Workplace

As a Chartered Financial Planner with over eight years of experience, I’ve seen how financial challenges disproportionately affect women, particularly in the professional world. It’s one of the reasons I’m passionate about the Women Like Us professional network, a Skybound Wealth initiative in Dubai dedicated to empowering professional women to take control of their financial futures.

By focusing on education, support, and practical strategies, we aim to instil confidence and independence, ensuring women thrive in both their careers and personal lives.

How We Can Help

Investing in your employees’ financial well-being is a powerful way to build a healthier, more productive workplace. Whether you’re an employer looking to foster engagement or an individual seeking to take control of your financial future, Skybound Wealth can help.

Get in touch to learn more about our corporate workshops, tailored financial planning services, and initiatives like Women Like Us. Together, we’ll create a workplace where financial confidence and productivity go hand in hand.

Wealth Management For Life, Globally.

Award winning, independent & internationally regulated financial planning & pension advice through life’s journey.

At Skybound Wealth Management we are always looking for ways to ensure you are able to keep more of your money, and that it continues to work as hard for you as you did to earn it in the first place.

Skybound Wealth is part of a group of several organisations, each of which is regulated in the respective jurisdictions where they are based. With specialist product divisions covering matters such as Pensions, Repatriation and Investments, and specialist teams dedicated to assisting international workers from nations such as the UK, US, South Africa and Australia, we are perfectly placed to help you wherever your expat journey may take you.

Scan the QR code or click here to Contact your Skybound Wealth Financial Adviser today for more information about any of the topics seen in this publication.