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We’re happy to answer any questions you may have.

I live outside the UK - can I invest with NS&I?

While we have always been a UK based savings provider, backed by HM Treasury, we also have customers who live outside the UK.

If you live outside the UK, or are considering moving overseas, please see below for some general guidance on saving with us. Some of our products cannot be held in certain countries due to local restrictions and some may also be liable for local tax. For detailed information you will need to check the local law or regulations in the country outside the UK you are living in or moving to.

If you move overseas, you will need to let us know so we can update your details.

How do I change my address and other details?

  • Premium Bonds

    If you live outside the UK, you should check whether local regulations permit you to hold Premium Bonds. For example, the US has strict gaming and lottery laws which mean that it may not be possible or practical to hold Premium Bonds while in the US.

    If you are allowed to hold them, you will have to apply in the first instance by post. Once your holding has been set up you can register for our online and phone service.

    Register

    Once you are registered for this service you can manage your holding online and by phone, including cashing in Bonds and buying more. You can also select to receive prizes by BACS to a UK bank or building society account or an NS&I Direct Saver or Investment Account (with notification by email) and paperless documents. Bonds can only be purchased online or by phone using a personal debit card issued by a UK bank or building society.

    Any prizes you win will be paid in Sterling.

  • Investment Guaranteed Growth Bonds

    You need to have a UK bank or building society account (or an NS&I Direct Saver or Investment Account) that can receive BACS transfers. The interest is paid without deduction of tax. However, the interest is subject to UK Income Tax so if you are liable for UK Income Tax it will count towards your Personal Savings Allowance.

    Find out more about tax and savings

  • Direct Saver

    You need to have a UK bank or building society account (or an NS&I Investment Account) that can receive BACS transfers. The interest is paid without the deduction of tax. However, the interest is subject to UK Income Tax so if you are liable for UK Income Tax it will count towards your Personal Savings Allowance.

    Find out more about tax and savings

  • Direct ISA

    You should let us know if you cease to be resident in the UK for tax purposes. No further deposits can be made into your Direct ISA, unless it is an inherited allowance account, until you meet the UK residency qualification again. The interest is free from UK Income Tax so if you are liable for UK Income Tax you don’t need to declare it to HM Revenue & Customs.

  • Junior ISA

    Normally a child has to be a resident in the UK when a Junior ISA is opened for them. However, a child who is a resident outside the UK can still have a Junior ISA opened for them if they are:

    • a UK Crown servant
    • a dependant of a UK Crown servant
    • married to or in a civil partnership with a UK Crown servant

    If the child moves outside the UK (or stops meeting the Crown servant rules) after their Junior ISA has been opened, money can still be paid into the account until the child is 18.

  • Income Bonds

    To receive the income from your Income Bonds you need to have a UK bank or building society account (or an NS&I Direct Saver or Investment Account) that can receive BACS transfers. The interest is paid without the deduction of tax. However, the interest is subject to UK Income Tax so if you are liable for UK Income Tax it will count towards your Personal Savings Allowance.

    Find out more about tax and savings

  • Investment Account

    Interest is added to the account without the deduction of tax. However, the interest is subject to UK Income Tax so if you are liable for UK Income Tax it will count towards your Personal Savings Allowance.

    Find out more about tax and savings

  • Guaranteed Growth Bonds

    You need to have a UK bank or building society account (or an NS&I Direct Saver or Investment Account) that can receive BACS transfers. The interest is paid without deduction of tax. However, the interest is subject to UK Income Tax so if you are liable for UK Income Tax it will count towards your Personal Savings Allowance.

    Find out more about tax and savings

  • Guaranteed Income Bonds

    You need to have a UK bank or building society account (or an NS&I Direct Saver or Investment Account) that can receive BACS transfers to receive the income from the Bond. The interest is paid without deduction of tax. However, the interest is subject to UK Income Tax so if you are liable for UK Income Tax it will count towards your Personal Savings Allowance.

    Find out more about tax and savings

  • Index-linked Savings Certificates / Fixed Interest Savings Certificates

    The current Issues of these are only available to those with maturing investments in them. They are not on general sale.

    You need to have a UK bank or building society account (or an NS&I Direct Saver or Investment Account) that can receive BACS transfers. The interest is free from UK Income Tax if you are liable for UK Income Tax you don’t need to declare it to HM Revenue & Customs.

Common Reporting Standard

You should be aware of the Common Reporting Standard (CRS). This is a global standard for the automatic exchange of financial account information between governments around the world to help fight against tax evasion and protect the integrity of systems.

It requires all financial institutions, including NS&I, who operate in a CRS participating jurisdiction to gather certain customer information and report it to local tax authorities.

Find out more about the Common Reporting Standard