Financial Advice for British Expats

One of the major announcements in this year’s Spring Budget was news that the current tax regime for ‘non-domiciled’ UK residents is changing. For ‘non-doms’ out there, it’s worth understanding what changes are being introduced – and when – and the implications from a tax perspective.

More and more people are relocating for work or retirement. As a result, individuals moving overseas often prefer to transfer their UK pension benefits rather than leaving them in the UK. Likewise, those moving to the UK might want to bring their overseas pension benefits with them. Understanding the impact of such transfers is crucial.

In recent years, changes in tax regulations have significantly impacted individuals who are classified as non-domiciled residents (“non-doms”) in the UK. The introduction of the new Foreign Investment Gains (FIG) regime is one such development that has created a new set of challenges—and opportunities.

One important financial consideration you may overlook when you relocate is your UK State Pension. To ensure you're entitled to the full benefits upon retirement, it's essential to make sure you NI contributions are up to date.

Moving abroad requires careful financial planning and organisation. Structuring your finances properly will help you avoid unexpected pitfalls and ensure a smooth transition. Here’s a guide to the key financial considerations and strategies to manage your money effectively when relocating internationally.

Have you ever wondered why investing in the stock market can yield higher returns than just keeping your money in a savings account or fixed-term deposit? The answer lies in the Equity Risk Premium (ERP).

From 1990 to 2023, the price of a pint of beer in the UK has risen from £1.22 to £4.45, and a Big Mac from £1.40 to £3.69. A clear illustration of how inflation eats into our finances.

This "Wall of Worry" timeline highlights major global crises from the past three decades. As investors, we often find ourselves concerned about the constant barrage of negative world events.

Politics can be unpredictable, but your financial growth doesn’t have to be.

If you do not need the money in the short term, invest it by sunset. This approach won’t eliminate short-term uncertainty, but proceeding in any other way will only result in you second-guessing.

As life expectancy continues to rise, careful planning for an uncertain future becomes essential.

Stamp Duty Land Tax (SDLT) is a critical consideration for anyone buying property in the UK, and for expats, there are additional factors to be aware of. In recent years, the UK government introduced a stamp duty surcharge specifically targeting non-resident buyers. This blog will explore what the surcharge is, who it affects, and how expats can navigate these changes.

The market response to Labour winning the election was pretty calm, with minimal financial market ripples. The lack of movement was unsurprising given the overall result had already been priced in.

As you approach retirement, one of the significant decisions you'll face is how to access your pension commencement lump sum (PCLS). While it might be tempting to take the entire amount in one go, there are several benefits to accessing your PCLS in stages.

Structured notes are financial instruments that can seem attractive due to their potential for high returns and tailored investment strategies. However, they come with significant risks and drawbacks, especially for retail investors.

Inheritance tax (IHT) is a topic that often causes concern, but understanding it can help you plan more effectively for the future. Here’s a concise overview of what you need to know about inheritance tax, how it works, and ways to manage it.

The first step towards correctly understanding the stock market is to become aware of the companies you interact with daily. From the moment you wake up, you consume goods and services produced by businesses.

Ever thought about the merits of leveraging borrowed funds to amplify your investment potential? Gearing, or using debt to invest, can potentially escalate your wealth more rapidly than traditional saving methods.