Financial Guidance for the British Seychellois Community

British Wealth Society
Aug 10
4 min read

Planning Today for the Seychelles Life You Want Tomorrow

For many Seychellois living in the UK, there’s a shared dream: one day returning home — often in retirement — to live surrounded by the ocean, family and the familiar comforts of our islands but dreams like this don’t just happen. They require a clear, well-built financial plan that supports you through life’s milestones and protects your loved ones when it matters most.

Unfortunately, too many in our community are underserved when it comes to financial education. Money is often treated as a private matter — something not discussed openly — but this silence can leave families unprepared for the realities of life including after losing a loved one.

This is why we’re starting a financial education movement within the British Seychellois community. We want to ensure every family has the knowledge and tools to build a strong foundation for the future, no matter their income or starting point.

The Fundamentals of Financial Security

Before you start saving or investing, it’s important to understand the order in which financial stability is built. Just like constructing a home, the foundation must come first.

The Financial House: Why Every Seychellois Should Know This

Think of your financial life like building a house — if you don’t have a solid foundation, the whole thing can crumble. The Financial House helps you see clearly what to focus on first, so you can protect yourself and build wealth for generations, a simple structure for understanding what to prioritise and when:

Protection — Life insurance, income protection, and critical illness cover to safeguard your household if something unexpected happens.
Debt Elimination — Removing financial burdens that drain your resources and limit your freedom.
Savings & Investments — Building reserves for emergencies, opportunities, and long-term growth.
Retirement Planning — Ensuring you have the income to enjoy your later years, whether in the UK or back in Seychelles.
Legacy Planning — Having a will and estate plan to pass on your assets smoothly and fairly.

When these layers are in place, you have the flexibility to choose how you live — and the confidence that your family will be looked after.

Why Conversations About Money Matter

Avoiding conversations about money can create confusion and conflict, especially after a death in the family. Discussing what you have, where it is, and your wishes for it is one of the most caring things you can do for your loved ones. This is especially true if you own land or property abroad. International inheritance laws can be complex and without a clear will, assets can be tied up for years — particularly when family members are not on speaking terms.

Planning for Life’s Milestones

Financial planning is not only about retirement — it’s about being ready for the moments that shape life:

Weddings
Funerals
Mortgage deposits
Education costs

These events are far less stressful or far more enjoyable when the funds are already in place. By planning ahead, you protect both your financial stability and your emotional wellbeing.

1. Protection: Your Safety Net

Why it matters: Life insurance, income protection, and critical illness cover are like your financial safety net. If something unexpected happens — like illness, injury, or death — these protections help keep your family secure.

Common Misconception: Many think life insurance is a waste of money or only for the very wealthy. Some believe it’s just paying into something they’ll never use. But that’s wrong. Life insurance is about love and responsibility — it ensures your loved ones aren’t left struggling if you can’t provide for them anymore or give them a leg up towards a deposit on their house, help with the grandkids or more. This one isn't so much about you but your loved ones.

2. Debt Elimination: Free Yourself From Financial Chains

Why it matters: Debt can feel like a heavy burden dragging you down. When you have loans, credit card bills, or other debts, it drains your income and limits your choices. Paying off debt gives you freedom — more money to save, invest, or enjoy life without stress.

3. Savings & Investments: Growing Your Money

Why it matters: Once your debts are under control, building savings and investing means preparing for emergencies (like medical bills or job loss) and opportunities (like buying property or starting a business). Investing helps your money grow over time — which is how you build real wealth.

4. Retirement Planning: Enjoying Your Golden Years

Why it matters: Whether you plan to retire in Seychelles or abroad (like in the UK), having a plan means you won’t have to worry about money when you stop working. Retirement planning ensures you can live comfortably and maintain your lifestyle without relying on others.

5. Legacy Planning: Passing on What Matters

Why it matters: Legacy planning means having a will and estate plan to make sure your assets go to the right people smoothly and fairly after you’re gone. Without this, your loved ones might face confusion, legal issues, or unfair divisions of your hard-earned wealth.

What is Generational Wealth?

Generational wealth is simply money, property, or assets passed down from one generation to the next — like your parents passing something valuable to you, and you passing it to your children.

It’s a big topic now because many people realize that true financial success isn’t just about making money today but creating a lasting legacy. In Seychelles and everywhere, generational wealth can help families avoid financial struggles over time and give future generations a head start.

Why This Matters to Seychellois Families

Many Seychellois families want to ensure that their hard work benefits their children and grandchildren, not just themselves.
Financial literacy — understanding these five pillars — helps break cycles of poverty or debt.
Teaching loved ones means empowering them to make smarter money decisions.
Addressing misconceptions, especially about life insurance, stops families from missing out on crucial protection.

All consultations are strictly confidential. We are here to support the British Seychellois community in building strong, resilient financial futures.