Financial Advice for British Expats

For UK expats considering or already living abroad, inheritance tax (IHT) planning is becoming an increasingly critical aspect of wealth management. The UK’s recent shift from a domicile-based taxation system to a residence-based framework, coupled with the 2027 change that will subject pensions to IHT, means expats need to reassess their estate planning strategies.

A Self-Invested Personal Pension (SIPP) is a type of UK pension that allows individuals to take control of their retirement savings by selecting their own investment options. While SIPPs offer greater flexibility compared to traditional pension schemes, many investors work with financial advisers to access a broader range of investment choices.

The recent UK Autumn Budget has introduced significant changes to inheritance tax (IHT), reshaping estate planning strategies for individuals with substantial wealth. Among the key changes are the taxation of UK situs assets for non-residents after 10 out of 20 years and the introduction of IHT on pension funds from 2027. These developments have driven a surge in interest in whole-of-life (WOL) and term insurance policies as tools to mitigate potential IHT liabilities.

The UK pension system has long been a vital tool for retirement planning, but the upcoming 2027 changes to inheritance tax (IHT) on pensions are set to reshape how retirees should think about their pension wealth.

One of the most useful approaches to structuring assets for IHT planning is the Green, Yellow, Red framework. This simple yet powerful method categorizes wealth into three distinct tranches based on necessity and intent, allowing for clearer decision-making when implementing tax-efficient strategies.

For those approaching retirement age, deciding when to start taking the UK State Pension is a crucial financial decision. While many individuals opt to claim their pension as soon as they become eligible, deferring it can lead to increased payments over time. Understanding how this works can help retirees make informed choices about their financial future.

If you’ve moved abroad and are receiving pension income from a UK-based pension scheme, you might be eligible to have your pension paid without UK tax deductions at source.

The new rules mean that pensions will form part of an individual’s estate for inheritance tax (IHT) purposes. This blog explores the implications of these changes and what they mean for you.

In 2025, individuals are taxed at a rate of 40% on any assets exceeding £325,000 – a figure known as the nil-rate band. For those leaving a family home to direct descendants, there’s an additional £175,000 allowance called the main residence nil-rate band. Combined, this means a person can pass on up to £500,000 tax-free.

Following the Autumn Budget 2024, the UK Government unveiled significant reforms to the rules governing pension transfers to Qualifying Recognised Overseas Pension Schemes (QROPS).

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.