Returning to your home country after a period of time overseas requires careful consideration and planning. Ensuring that your affairs are in order and that your finances and investments are administered efficiently is of paramount importance. Additionally, it is important to also understand the tax implications that could affect you and your assets in the repatriation process.
Ideally, we recommend you seek professional financial advice at least 12 months prior to your intended return. In the lead up to your departure, there are many considerations that come into play such as surrendering investments at the wrong time or arranging them in an inappropriate manner which can lead to significant and unexpected tax consequences. Furthermore, it can take considerable time to restructure investments (if it is appropriate to do so), and it is essential to review existing arrangements to ensure their continued tax efficiency.
We want to help you understand, and be aware of some of the most complicating financial implications so that you can continue to grow and preserve your financial assets.
Answer a few simple questions and receive a report with a compilation of questions and answers to some of the most commonly asked questions by our clients who had undergone the repatriation process. Download it to find out more.
Planning is key to successful and financially efficient repatriation .
Relocation Tax Considerations
It is important to plan carefully and understand the tax implications that could affect you and your assets in the repatriation process.
Watch on-demand as we discuss the financial implications of repatriation to the UK, including taxation, income and assets.
The checklist provided by St. James's Place Wealth Management is general communication provided for informational purposes only. It should not be relied upon as financial advice and it does not constitute a recommendation, an offer or solicitation. No responsibility can be accepted for any loss arising from action taken or refrained from based on this publication. All information presented herein is considered to be accurate at the time of production, but no warranty of accuracy is given and no liability in respect of any error or omission is accepted.
The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances. You are advised to seek independent tax advice from suitably qualified professionals before making any decision as to the tax implications of any investment.