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UK Expats
Living overseas offers UK expats so many experiences and opportunities. From the expansion of your network and world view, through to the advantage of lower taxation, moving abroad is lifechanging. Take it from us; we’re comprised of expats from across the globe, including the UK.
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Which is why we know that there are as many opportunities to make the most of your time abroad, as there are additional things to consider.
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These may include mortgages at home and overseas, international school fees and proper protection, should the worst happen to you or your family.
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Ultimately you want to maximise your time spent overseas, so whether you’ve just arrived, have settled, or are considering a return home, we can advise you on the best course of action to get what you want out of your time in Hong Kong.
​Investing Overseas
​Creating the right investment strategy that’s aligned to your financial goals will help you reach them faster. Whether you’re looking to invest for income, growth, or a combination of the two, we’ll work together to establish your perfect investment strategy. One added benefit of investing in Hong Kong is that you aren’t subject to Capital Gains Tax, helping you reach your financial goals faster.
Managing Your Pensions
The pension landscape changes significantly across the globe, so understanding your unique circumstances and pension pots allows us to devise the right strategy to protect and access your pensions upon retirement.
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Finally, UK Inheritance Tax is a complex and misunderstood area. There are multiple strategies you can apply to reduce the likelihood of your children being liable to up to 40% tax on what they inherit. This applies to any UK assets you may hold, regardless of your family’s nationality/ies.
UK mortgages
​As expats, we’re always keeping one eye on the clock. Perhaps you’re planning to return home to retire and want to buy a property. Or maybe you want to review your existing mortgage. Some lenders don’t look as favourably on foreign income and may even charge different rates for non-resident loans. We have an in-house mortgage brokerage service that simplifies this process to help you navigate this process with certainty.
UK Tax Planning
Tax planning is an important aspect of financial planning for everyone, but UK expats have to be aware of possible exposures to UK taxation. It's also complex, changing based on your ties to the UK and residence status. With the right planning in place, you can pay the right UK taxes, and maximise your financial opportunities.
Returning Home
Everyone’s financial situation is different, so we work with you to define the important areas to consider and set out plans to make sure your return is seamless.
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If you’ve been away for several years, things like Brexit, UK banking and foreign exchange will have changed your returning financial landscape.
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 that you invested.
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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.
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Please note your home or other property may be repossessed if you do not keep up repayments on your mortgage.
Advice relating to a will, matters of guardianship, trust, Lasting Power of Attorney involves the referral to a service that is separate and distinct to those offered by St. James’s Place.