UK Emigrants Moving Downunder
Planning on moving to Australia/New Zealand is an exciting time. But have you thought about what you will do with your finances on the move? As a permanent or temporary emigrant you need to consider:
- Should I hold my finances in the UK, or take them with me?
- Is there an optimal date in the tax year to emigrate so I don’t pay double taxation?
- How should I set up my UK assets to avoid tax when I arrive?
- What tax rebates am I entitled to as a departing UK resident?
- Should I sell assets before or after I go to minimise capital gains and inheritance taxes?
- How am I affected if the exchange rate moves? Will I be liable for tax?
- Do I transfer my pension, or leave it in the UK? Can I transfer it back?
- Is a move abroad actually affordable for me?
Whether you are going for a few years to just see if you like it or are planning a more permanent move, by properly arranging things before you leave with an independent cross border financial specialist – considering both the UK tax and financial system abroad – you will benefit financially.
These questions are our speciality considering the UK, Australia and New Zealand. We would be pleased to assist you.
