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What happens to my ISA if I move abroad?
You must inform MEXEM UK as soon as you stop being a UK resident. We will ask you to update your tax forms with the new country and mailing address, which will be updated upon review.
If you open an Individual Savings Account (ISA) in the UK then move abroad, you cannot put money into it after the tax year that you move (unless you're a Crown employee working overseas or their spouse or civil partner). However, you can keep your ISA open and you will still get UK tax relief on money and investments held in it.
Important information:
• You can transfer an ISA to another provider even if you are not resident in the UK.
• You can pay into your ISA again if you return and become a UK resident
• You can resume contributions if you return and become UK resident again.
This information is based on HMRC guidance on ISA eligibility and residency. You should consult HMRC or a qualified tax adviser if you are unsure about your personal circumstances.
