Expatriates - Quest Financial Planning

The acceptance of employment in a country other than the UK, or perhaps early retirement to sunnier climes is not to be taken lightly. As well as the obvious personal issues (such as will I or my family like it?, or who will monitor my assets while I am abroad?), there is the whole issue of status and taxation to consider.

In this regard, financial planning is paramount and the greater the planning the smother the move is likely to be.

Moving or working abroad will not necessarily mean that UK tax is no longer payable on income or capital gains or death. Status and time are crucial aspects to consider. As an example a capital gain is only free of UK tax after non residency for five years.
Returning to the UK involves planning. Speak to a financial planner and an accountant. Again timing is important.
New terms must be mastered and understood, such as residency, domicile and offshore investments.

The whole issue of financial planning for expatriates depends upon individual circumstances. For this reason, generalisations can only be given on a website such as this. If you require a more meaningful discussion, then call us on 01324 832 715. Contact us and we’ll get in touch.