Inheritance Tax Changes: Is It Time to Rethink Your Pension?
The UK government recently announced that from April 2027, inherited pension pots will face new inheritance tax (IHT) regulations, marking a significant shift in estate planning strategies for pension holders. For many high-net-worth individuals (HNWIs), this change could impact their retirement and legacy plans. Here, we break down the key changes and explore strategies to […]
How To Prep For the 2024 Autumn Budget As An Expatriate
As the end of October draws near, we’re not only feeling anticipation for the potential horrors of Halloween but for the possibilities surrounding the Autumn Budget and what it means for expatriates. In particular, how the new Labour budget’s forthcoming changes could affect their financial landscape. Whispers of alterations in capital gains tax, inheritance tax, […]
Where Wealth Holders Go: Relocation Post-Tax Regime Changes
The abolition of the UK’s ‘resident non-domiciled’ (RND) tax regime marks a significant shift in the landscape for ultra-high-net-worth (UHNW) individuals. As these individuals reassess their residency, several jurisdictions are vying to attract this affluent demographic with competitive tax regimes and high-quality lifestyles. This analysis delves into the intricacies of each popular destination. Monaco: The […]
Navigating the UK’s New Tax Changes for Australian Expats
Navigating the intricate landscape of tax regulations is a fundamental aspect of financial planning for expatriates worldwide. However, for Australian citizens residing in the United Kingdom, recent tax reforms have introduced a new layer of complexity to this challenging endeavour. The UK’s tax changes for Australian expats include the loss of “non-dom” tax benefits and […]
Inheritance Tax: Gifting And All You Need To Know About It
Inheritance tax gifting refers to the act of giving away assets or money during your lifetime with the intention of reducing the value of your estate for inheritance tax (IHT) purposes. In many countries, including the United Kingdom, inheritance tax is imposed on the value of an individual’s estate upon their death. By making gifts […]
Capital Gains Tax: Everything You Need To Know
Capital gains tax, an integral component of the modern tax system, plays a crucial role in determining the financial obligations of individuals and businesses when they sell or transfer certain assets. While often a topic of intense debate and scrutiny, comprehending the basics of capital gains tax is essential for anyone seeking to navigate the […]
How much will retirement cost you after inflation?
Due to the consequences of the Covid pandemic, the energy crisis and a range of other factors, the UK and the wider global economy has seen inflation increase the cost of living substantially in a relatively short amount of time. This has resulted in much of the population having to cut back on their spending […]
The Four Pillars of Wealth Management
Wealth management is a deeply personal, long term process that will differ from person to person depending on their circumstances and goals. Whilst it is imperative to take this into consideration when developing a strategy to achieve financial objectives, there are four main concepts that are applicable to almost all financial planning journeys and are […]