General FAQs

What happens if I move back to my home country?
Nothing; everything stays the same. You can continue to fund your savings plan and still have full functionality for administrative actions via your persona...
Thu, 3 Sep, 2020 at 1:48 AM
What happens to my savings if I die?
Immediately after your savings account is opened, or at any time in future, you can inform Investors Trust of your chosen beneficiaries who you would like t...
Thu, 3 Sep, 2020 at 1:50 AM
Are there any tools or resources available to help me choose which investment funds are best for me?
Yes. Your account access includes, at no extra cost, access to the Portfolio X-Ray tool from Morningstar – widely regarded as the most complete, and easy to...
Thu, 3 Sep, 2020 at 1:51 AM
Will I have to pay taxes on my savings plan?
That will depend on where you’re living and what the tax laws are at the time. Generally speaking, because this savings plan is 100% in your name all the wa...
Thu, 3 Sep, 2020 at 1:52 AM
Can I start a savings plan for a family member or someone else?
Yes, as long as there is a reason for doing so which complies with anti-money-laundering (AML) regulations. You can also use this product for any savings pu...
Thu, 3 Sep, 2020 at 1:54 AM
How does a savings plan work?
Whilst the specific terms and conditions of different savings plans can vary (you can see the specific details for this one here: https://SavingsForNomads.c...
Thu, 3 Sep, 2020 at 1:56 AM
How is it lower cost to invest in investment funds rather than direct equities?
It ultimately comes down to two things:   The cost of diversification The cost of trading assets   To build a safely diversified investment portfolio...
Thu, 3 Sep, 2020 at 1:58 AM
Is this savings plan the only thing I need for my planning my financial future?
No. This is just one component of an optimised financial plan.   Before starting a specific medium-to-long term savings plan, there are a few things that ...
Thu, 3 Sep, 2020 at 1:59 AM
What can I use my savings money for?
Anything you like, it’s your money! The sensible thing to do is of course to use it to fund the major purchases you might want to make in life – perhaps a h...
Thu, 3 Sep, 2020 at 2:00 AM
What happens if the stock market crashes?
It’s not “if” – it’s “when”. Whilst of course we can’t be 100% sure of what will happen in future, the stock market has crashed many times in the past, and ...
Thu, 3 Sep, 2020 at 2:01 AM