What to do with your UK assets after you move

You may just have moved from the UK to Australia or New Zealand, and retain some financial assets in the UK. Whether it be pensions, investments, property or any other asset, you may still have some substantial tax benefits available to you. For example:

• Did you know that for many people, receiving general information on transferring a pension abroad can be disastrous, especially in the current market?
• What about taxation of your pension – do you know how to maintain your UK pension in a tax free environment in the UK all the way through to retirement, even after you have emigrated?
• Or how about UK tax rebates, which may be available after you have left?
• Do you know whether to contribute to your UK state pension or not?
• What about property and mortgages in the UK, should these be maintained and it is possible you can receive the rental and growth tax free?
• Is it possible to save all the tax on your investment income abroad?

These are decisions which many times are overlooked by people who move countries.

The main mistake people make is that they seek financial advice from a company who is not regulated by the UK’s Financial Authority, does not have staff who have been trained in the UK, or who have staff who have not visited the UK within the past 2-3 years. This means that any advice you receive will not be up to date, and the net effect is that you will lose out financially.

Prism Xpat, through its strong presence in the UK, supported by daily contact with its advisory affiliates in Australia and NZ is at the forefront of product and strategy development across these 3 countries, and is hence able to save you a significant extra amount financially in comparison.