• Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    REGISTER
    Please do not post your full name, reference numbers or any identifiable details on the forum.

HK Resident/UK National- Where should I save my money?

Collapse
Loading...
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • HK Resident/UK National- Where should I save my money?


    Looking for some advice on savings & investments.

    I currently live in Hong Kong SAR having been working here for 1.5 years.
    As I currently have money in both U.K and HK Bank Accounts, I wanted some advice on how to streamline my finances to make sure I'm getting the best value.
    Please see a summary below.
    Any help would be greatly appreciated.

    I intend to save approx $6500 HKD (£641) per month going forward to contribute to savings.

    Hong Kong Finances
    HKD $55706 (£5496) Savings Account
    HKD $113794 (£11228) MPF (The Mandatory Provident Fund, often abbreviated as MPF, is a compulsory saving scheme for the retirement of residents in Hong Kong. I'm unable to withdraw from this unless I officially leave Hong Kong)
    HKD $31000 (£3058) Invested in a house deposit (Hopefully will get this all back upon leaving the tenancy)

    U.K Finances
    £1063 Current
    £5793 Savings
    £1580 Help To Buy I.S.A

    Thanks
    Tags: None

View our Terms and Conditions

LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.
Working...
X