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Tax planning strategies for UK citizens living abroad

It is quite common for UK and foreign nationals like you who move abroad to keep your financial affairs tax efficient from a UK or home country perspective but ignore the tax consequences in your new country of residence.

We understand that when you are faced with the complexities of a foreign tax regime and the added complication of potentially remaining liable to UK or home country inheritance tax it's sometimes easier to convince oneself that it doesn’t affect you.


It's easier to pretend you are still tax resident in your home country to avoid dealing with the issue however this could have serious tax consequences further down the line, particularly since the implementation of Common Reporting Standards, when global automatic exchange of information has become the norm.

Expatriates like you often underestimate the importance of seeking professional cross-border tax planning advice and putting in place tax planning strategies which either mitigate tax or avoid paying tax needlessly. The reality is that the more tax you pay, the harder your investments need to work, to produce the same level of returns.

The real value of our inheritance tax planning service is that we can save you and your estate a significant amount of money, either now or in the future, in order that, at some point, you can pass this on to your loved ones.

Fiduciary Wealth provides specialist advice combining our asset management capability with careful IHT planning to provide an integrated and seamless wealth management service. As cross-border financial planning experts we have a deep level of understanding of the differences and interaction between the UK tax system and that in your new country of residence; enabling us to provide invaluable tax advice on how to make considerable tax savings.

Whilst we are not tax advisers per se we have an excellent understanding of cross-border UK expat tax advice and tax planning issues and are able to deliver a tailored solution. Where detailed tax advice is required through the MGI Worldwide Network - we can put you in touch with trusted professional tax advisers in every continent across the globe to ensure your angles are covered.

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Frequently Asked Questions about Tax Planning Services for British expats

As a British expat, navigating the complexities of tax planning can be challenging. Understanding the tax regulations and optimizing your financial situation requires expert guidance.

In this comprehensive FAQ guide, we address the most frequently asked questions about tax planning and inheritance planning services for British expats.

Whether you're considering relocating abroad or already living overseas, this information will help you make informed decisions and maximize your tax efficiency.

Here are some frequently asked questions to help you understand about tax planning and make informed decisions about your financial future:

What is tax planning, and why is it important for British expats?

Tax planning involves strategizing your financial affairs to minimize tax liabilities while ensuring compliance with local tax laws. For British expats, tax planning is crucial as it allows you to optimize your income, investments, and assets, ultimately reducing your tax burden. Proper tax planning ensures that you take advantage of available tax reliefs, allowances, and exemptions, allowing you to preserve your wealth and achieve your financial goals.

When should I start tax planning as a British expat?

It's advisable to start tax planning as early as possible. Ideally, you should begin before or immediately after your move abroad. Early tax planning allows you to structure your finances and investments efficiently from the beginning, ensuring that you take full advantage of tax-saving opportunities. However, even if you're already living overseas, it's never too late to engage in tax planning and optimize your financial situation.

What are the key areas of tax planning for British expats?

Several key areas are essential for tax planning as a British expat, including:

Residence and domicile status: Determining your tax residence and domicile status is crucial, as it determines which country's tax laws apply to you and affects your tax liabilities.

Double tax treaties: Understanding the tax treaties between the UK and your host country is essential to avoid double taxation and take advantage of any provisions for tax relief.

Income tax optimization: Structuring your income sources, such as employment income, rental income, or investment income, in a tax-efficient manner can significantly reduce your overall tax liabilities.

Pension planning: Assessing the tax implications of your pension, whether it's a UK pension scheme or a local one, is vital for optimizing your retirement savings and minimizing tax burdens.

Inheritance tax planning: Exploring strategies to mitigate inheritance tax liabilities is crucial for preserving your wealth and ensuring a smooth transfer of assets to your beneficiaries.

How can a tax planning service help me as a British expat?

A tax planning service specializing in assisting British expats offers expertise and tailored advice to optimize your tax position. They can help you:

Understand the tax regulations of your host country and the UK to ensure compliance and avoid any penalties or legal issues.

Identify tax-saving opportunities specific to your situation, such as claiming available allowances, deductions, and reliefs.

Develop a personalized tax plan that aligns with your financial goals, taking into account your income, investments, assets, and retirement plans.

Provide ongoing support and guidance, keeping you informed about any changes in tax laws or regulations that may affect your tax planning strategy.

How do I choose the right tax planning service for British expats?

When selecting a tax planning service, consider the following factors:

Expertise: Ensure the service specializes in assisting British expats and has a thorough understanding of the tax implications related to your host country and the UK.

Reputation: Research the service provider's reputation, read client reviews, and seek recommendations from other expats or professionals in the field.

Experience: Look for a tax planning service with extensive experience in assisting British expats, as they will be well-versed in the specific challenges and opportunities you may face.

Personalized approach: Choose a service that offers personalized advice tailored to your unique financial circumstances and goals. Avoid services that provide generic solutions without considering your individual situation.

Compliance and ethics: Ensure that the tax planning service operates with integrity and complies with all legal and ethical standards. Look for certifications or affiliations with professional organizations.

Communication and accessibility: Choose a service that maintains clear and open communication channels, responds promptly to your queries, and provides ongoing support throughout the tax planning process.

How much does tax planning for British expats typically cost?

The cost of tax planning services for British expats can vary depending on the complexity of your financial situation, the scope of services required, and the expertise of the service provider. Some tax planning services charge an hourly rate, while others may offer fixed fees for specific services or comprehensive packages. It's advisable to enquire about the cost structure and obtain a detailed quote from potential service providers before making a decision. However, keep in mind that the fees you pay for tax planning services are often more than offset by the considerable tax savings you can make on your taxes.

Can I handle tax planning on my own as a British expat?

While it's possible to handle tax planning on your own, it's generally recommended to seek professional assistance, especially as an expat. Tax laws can be complex and vary between countries, and understanding the intricacies and nuances can be challenging without expert guidance. A tax planning service specializing in assisting British expats will have the knowledge and experience to navigate the complexities, optimize your tax position, and help you avoid costly mistakes or missed opportunities.

What documents or information will I need to provide to a tax planning service?

When engaging a tax planning service, you will typically need to provide relevant financial documents and information, including:

Proof of income: Pay slips, employment contracts, or statements of income from all sources.

Investment and asset details: Statements and documentation related to investments, properties, pensions, and any other assets you hold.

Tax returns and filings: Copies of previous tax returns and filings, both in the UK and your host country.

Personal information: Your residency status, domicile status, and any relevant personal details that may impact your tax liabilities.

Any specific questions or concerns you have regarding your tax situation.

How often should I review my tax planning strategy as a British expat?

It's recommended to review your tax planning and IHT planning strategy regularly, especially when there are significant changes in your financial circumstances or tax laws. Common triggers for review include changes in income sources, relocation to a different country, inheritance or gift of assets, or changes in tax regulations. Regular reviews ensure that your tax planning remains up to date, optimized, and aligned with your current goals.


Tax planning is a crucial aspect of financial management for British expats. By optimizing your tax position, you can minimize tax liabilities and preserve your wealth while remaining compliant with tax laws. Engaging a specialized tax planning service for British expats provides expert guidance, personalized inheritance planning strategies, and ongoing support to help you navigate the complexities of international taxation. Start early, choose wisely, and enjoy the benefits of strategic tax planning tailored to your unique circumstances as an expat.

Talk To Us

Speak directly to a personal tax advisor about tax planning and your inheritance tax planning needs by contacting us on Tel: +44 207 998 0570 or email connect@fwm.gi