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Are You Moving Back to the UK?
Things to consider
A few points to consider if you are repatriating to the UK:
– Do you have any gains on any direct investments that you hold (e.g. property, direct funds, direct shares)?
If Yes, you may be able to cash in your gains tax free prior to moving back to the UK.
– Do you have a government pension scheme (e.g. Hong Kong – ORSO/MPF)?
If Yes, you may have the option to take the pension when you leave.
– Do you have any existing UK pensions or ISA’s?
If yes, these can be restarted once you are UK tax resident. If you have been offshore for less than 5 years and are still paying into a UK pension (maximum of GBP 3,600/yr) this can be increased.
– Did you take out life assurance, draft a will, take out a mortgage whilst based offshore?
If yes these will all need to be reviewed, for example you may be able to take out the same insurance at lower premium levels once back in the UK.
Summary
There are many more areas that need to be reviewed on your repatriation to the UK – click below to contact our UK repatriation specialist.
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Additional Information Resources
Additional information resources are available by clicking on the links below:
You can also view information related to your particular stage of life: