Working abroad....re-balance ISA investments?

[hellokimchi]

I've been working in Asia for 4 years, but I still balance my unit trust ISA accounts based on accepted advice for a UK investor.

I get a small pension from my employer, but most of my long-term investments are in the form of ISA accounts. I am 31 years old with a long-term investing horizon seperate from my trading attempts.

Since I am paid in a foreign currency, and I'll probalby be living abroad for the foreseeable future, how would you suggest I re-balance my portfolio? The currency I'm paid in has increased around 20% in the last few years compared to the GBP denominated ISAs, yet I still have to wire funds back to my UK bank in order to invest.

currently I have approx:
stocks/ bonds ISA:
UK - 42%
Europe - 16%
Japan & 4 tigers - 15%
US - 22%
Emerging markets - 5%

I also have 6 months' expenses in a UK cash ISA.

Since over 40% of my funds are invested in the UK, yet I live in Asia and am paid in a foreign currency, should I be re-balancing? Should I be investing more internationaly to avoid so much UK currency risk? Should I invest more in my local currency?

Thanks for any suggestions.

 

[roguetrader]

Interesting, I was unaware that you were entitled to have an ISA unless you are resisdent and ordinarily resident in the UK for tax purposes, but I could be mistaken.

 

[Arya cryptocurrency]

Hi there! That's a great question. Moving abroad can definitely shake things up a bit when it comes to managing your ISA investments. It's important to consider how your new location might impact your investment strategy, especially regarding currency fluctuations, tax implications, and access to your funds.

Rebalancing your ISA investments could be a smart move to ensure your portfolio stays aligned with your financial goals and risk tolerance. For instance, if you've taken on a different currency exposure or your financial priorities have shifted, adjusting your asset allocation might help optimize your returns and manage risk better.

That said, it's always a good idea to chat with a financial advisor who understands both UK and international tax laws, so you can make informed decisions. They can help you evaluate whether rebalancing makes sense in your specific situation and how to do it smoothly, considering any potential fees or restrictions.

Hope this helps! Moving abroad is exciting, and with a little planning, you can keep your investments working effectively for you wherever you are.