MoVert wrote:Two items in particular - a mobile phone number and a UK National Insurance number I do not have. Where I live and work there is no usable mobile signal. I get by quite happily without. I cannot supply a UK NI number as I'm not a UK resident. I can see this might be a problem trying to set up any other account. Is there a sensible broker out there suitable for a non-resident HYP style investor of UK shares ? Is there another approach I can use. I am no longer growing my HYP, just drawing dividends, so trades are very few in number. I just need to be able to hold the shares and a few gilts I have and draw the dividend income, occassionaly reinvesting surplus cash.
The UK-NI number, if you've ever had one then it's yours for life, well that's my understanding. It's necessary to have a UK-NI number to file UK tax returns, even when non-resident. That applies to many UK expats, anyone renting out their former home for example.
re: mobile number, that sounds to me like simple 'computer says no' box-ticking mentioned up-thread. They are presuming everyone has a mobile; they're probably using it to triangulate some form of confirmation of your ID/credit record based on an assumption all applicants are UK based...?
There are other brokers who will take non-resident Brits. But since they might be liable for foreign tax reporting to the government of the country where you live, IME this rules out smaller and domestically focused UK brokers.
I've moved my Interactive Brokers account with me across three non-UK countries. I opened it when living in Germany, but the dox required to open the account, at least the passport copy, had to be certified by the local British embassy. There are other box-ticking hurdles, like copies of utility bills (none of which were in my name), bank statements (maintaining a UK bank account is wise in this respect), but I explained my situation to them and the account was opened - that was now about 10 years ago, and generally speaking I'm very happy with them.
- I'd be interested to hear if anyone else has experience of holding a brokerage a/c trading mainly UK shares who has managed to open and/or maintain it whilst abroad. AFAIUI the possible brokerages that can do this are pretty limited, at least if you take out the full-service/$$$ ones.