UK non-dom: best offshore brokers and banks account

[Martin Everson]

Any asset not in UK starting from £1‍ that produces income or capital gains.

Find other banks.⁣ And what you consider a fee your unwilling to pay?

Find a new one.

Depends what 20% is. 20% of £1bn is no joke. Even 20% of £100k is still︂ money.

 

[Defender]

Well, I checked Barclays, Lloyds, HSBC,‌ Credit Suisse. Investing with all of these seems to be pretty costly, with management fees‍ of up to few percent and even some entry fees.

From this thread it also⁠ looks like it's not possible to invest with standalone platforms because they can't split income⁤ into different accounts.

You first need to have 100k capital⁢ gains 🙂

 

[Martin Everson]

Ok I see you picked the major high tier⁠ ripoff merchants.....lol.

That is true sadly. But its only a concern if you ever plan to remit⁢ clean capital. You would need to maybe keep clean capital in a separate bank and︀ resign yourself to fact that the low cost bank with your investments will land you︁ with dirty capital you can never remit without tax implications 🙁.

 

[Defender]

I'd love to find someone cheaper! Would gladly read any info

 

[Martin Everson]

Whats cheaper to you so I have an idea? Is like 0.20% custody cheap?‍

I know with CS for example a few clients just DVP (Delivery Verus Payment) their⁠ purchase into the platform from a discount broker. That's what I did with bonds I⁤ bought once upon a time.

 

[Defender]

As a someone who used⁤ basic non-custody Degiro account to buy zero-commission ETFs like IWDA all these percents and even⁣ fractions for percents sound to me like a lot 🙂. But I guess 0.20% custody⁢ fee is way better than 1.5%...

 

[mandarin88]

Try Pictet, Julius Baer, Lombard Odier, Cazenove?

 

[uplana]

they are all‌ street banks or private banking services ?

 

[jjrapy]

Sounds like private banks for me

 

[rowena]

They're wealth management banks.

 

[willow2013]

Sorry to bump this thread. I've read this interesting forum with the above quote︅ on first page of this thread.

I presume using swissquote to buy Ireland domiciled ETFs︆ work (i.e. not remitted to the UK) since it remains outside of UK?

In addition,︇ while some of these Ireland domiciled ETFs are domiciled in Ireland, I noticed they can︈ be listed on the London Stock Exchange - would this cause an issue for non-dom?︉