7/7
The sovereign stack implication:
The quiz is not asking you to make a decision about leaving the UK.
It is asking you to model what a diversified position looks like.
Most people who take it discover:
The tax saving from changing residency is larger than they thought.
The cost of establishing foreign options is smaller than they thought.
The time required to build the structure is longer than they thought.
The last point is the most important.
Start early.
The optionality you build now is not available to the version of you who waits five years.
https://t.co/ELinbGxmtq
1/7
Every financial adviser in the UK will tell you to diversify your investment portfolio.
Not all equities.
Not all bonds.
Not all UK.
Not all in one sector.
And then they will recommend that you hold:
All your income in one country.
All your property in one country.
All your pension in one regulatory framework.
All your healthcare entitlement in one system.
All your political risk in one government.
This thread is about the inconsistency. 🧵
6/7
The time cost of not starting:
Mostly, the people who wish they had started international diversification earlier are the ones who waited until they needed it.
A Portugal residency takes approximately 1 to 2 years to establish.
Maltese citizenship by naturalisation takes 3 to 5 years.
Estonian e-Residency and an OÜ can be established in 4 weeks.
Singapore Employment Pass: 8 weeks if a qualifying role exists.
None of these are fast when you need them immediately.
All of them are achievable if you start now.
1/6
Gary Lineker (b. 1960)
BBC's highest-paid presenter.
£1.35 million a year from the licence fee, the mandatory tax that pensioners were prosecuted for not paying while Lineker was being paid enough to buy a house annually. 🧵
13/13
The Philippines in one sentence: 7,641 islands, the most biodiverse marine environment in Asia, English as a co-official language, an SRRV retirement visa requiring a $10,000 to $20,000 refundable deposit, a 5% flat income tax for PEZA zone employees, a second city with better diving than most countries' entire coastlines, and water in Palawan that makes the Maldives feel like it needs to try harder.
For retirees and PEZA employees: one of the most structurally sound plays in Southeast Asia.
https://t.co/ELinbGxmtq
1/13
The Philippines.
7,641 islands in the western Pacific.
English official language.
Personal income tax: 0% to 35% progressive — but with a specific structure for foreigners that changes the calculation entirely.
No capital gains tax on shares sold on the Philippines Stock Exchange.
SRRV retirement visa: one of the best structured long-term residency programmes in Southeast Asia.
12/13
English is a co-official language.
The Philippines produces more English-language professionals per capita than most countries in the world — it is the third-largest English-speaking country by population. The legal system is a hybrid of Spanish civil law and American common law.
The cultural alignment with Western norms — the Philippines was a US territory from 1898 to 1946 — is more pronounced than in any other Southeast Asian country.
For British professionals, the adjustment is smaller than anywhere else in the region.