Novia Global eyes UK expats with new ISA launch

To avoid UK expats’ savings being left in ‘suspended animation’

Isabel Baxter
clock • 2 min read

International investment platform Novia Global has launched its own stocks and shares ISA to address the issue of expats’ savings being left in “suspended animation”.

Suspended animation is where UK expats invested in ISAs can no longer add additional funds, and any gains/income derived from the ISA could be subject to tax in their country of residence. Novia's new offering aims to help "plug a significant gap in the market" by allowing Brits who move or work abroad to have their ISAs managed alongside their other assets. HM Revenue & Customs recently approved Novia as a UK-registered ISA manager which means expats can now transfer their existing ISAs and incorporate them within their broader Novia accounts. The Novia Global ISA is described as ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on ISAs

Time and patience: Will the British ISA revitalise UK equities?

Time and patience: Will the British ISA revitalise UK equities?

'The UK stock market currently navigates choppy waters'

Priscilla Chueng
clock 28 March 2024 • 3 min read
Half of UK adults would consider opening a Great British ISA

Half of UK adults would consider opening a Great British ISA

Current ISA savers most likely to take advantage of the new product

Isabel Baxter
clock 15 March 2024 • 2 min read
Advisers positive that Great British ISA will boost savings

Advisers positive that Great British ISA will boost savings

Almost two thirds say they think it will lead to an increase

Isabel Baxter
clock 11 March 2024 • 1 min read