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Old 16.05.2019, 07:46
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Non-resident investing in UK funds

Hi, I am a UK expat and having moved around have some cash in GBP. I'd like to invest in UK mutual funds and have a UK bank account on my parents address, but as a non-resident brit, it seems impossible to open a uk based trading account. Hargreaves were unable to open an account. Interactive Brokers does not list any UK funds on my account, presumably as the address is Swiss.


I am keen to know how other Brits in CH have navigated around this. TY,



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Old 16.05.2019, 10:31
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Re: Non-resident investing in UK funds

I have opened both Hargreaves and Premium Bonds while being a non resident. Something I also really like is Property Partners, which again I opened as non resident. You just have to jump through a few more hoops.

You can open them all, just need to get your documents verified by a notary.

An ISA wont be possible but otherwise you can do the rest.
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Old 16.05.2019, 11:47
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Re: Non-resident investing in UK funds

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I have opened both Hargreaves and Premium Bonds while being a non resident. Something I also really like is Property Partners, which again I opened as non resident. You just have to jump through a few more hoops.

You can open them all, just need to get your documents verified by a notary.

An ISA wont be possible but otherwise you can do the rest.
Timing might be important here. When did you do this? I have noticed a significant increase in complaints about people trying to do business with UK financial services companies on one of the Irish finance forums over the past year or so.

In the past it was never an issue, Ireland was just treated as if it was part of the UK. But it seems that between new UK legislation, new EU rules, BREXIT and company policies, they are not so interested in taking on new non residents anymore unless of course you have a couple of million... the usual.
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Old 16.05.2019, 11:57
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Re: Non-resident investing in UK funds

Hargreaves don't open accounts for non-residents, as the OP said. I'm not allowed to add any money to mine that I opened when I lived in the UK.

Interactive Brokers is perfectly fine, you can hold GBP and invest in UK stocks. You can't invest in mutual funds with IB though.

If you really want mutual funds, could look at Fidelity UK?
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Old 16.05.2019, 11:58
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Re: Non-resident investing in UK funds

The HL fund was opened I guess in September/October last year, so really recently. Property partners was Feb last year so also not so long ago. And the Premium Bonds was quite a few years a go
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Old 16.05.2019, 12:03
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Re: Non-resident investing in UK funds

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The HL fund was opened I guess in September/October last year, so really recently. Property partners was Feb last year so also not so long ago. And the Premium Bonds was quite a few years a go
Very strange, as HL stopped allowing me to top-up my account after I told them my new address, earlier than September last year...

They still required notarized documents, so that I could even just withdraw my money.
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