UK Expatriate exodus in Gulf countries - Key points to consider ahead of your departure
Published on: 06/19/20 11:54:am
As the COVID-19 global pandemic continues to grip the world, the Gulf economy has been hit with a double blow with businesses making job cuts and oil prices crashing through the floor.
As a result, thousands of international workers are faced with an unexpected and unplanned quick return to the UK. With that in mind, have you considered what happens to your savings and pensions when you leave?
The Tax implications back home, are far from straight forward and when the time comes to pack up your belongings to return home, the impact on your wealth is not to be underestimated.
However, with a little careful planning, you can ensure you are prepared for all eventualities and ensure you don’t lose any more of your hard-earned cash than you have to.
Download your FREE e-guide now to get the facts about returning home.
Are you liable to pay UK income tax or Capital Gains Tax.
Are you liable for UK inheritance Tax
Who qualifies for non- resident status
When will your State Pension be due
The value of topping up your NI contributions whilst overseas
How to avoid an unexpected tax bill from the UK
How you can legally reduce your IHT liability
What the LTA (Lifetime Allowance) is, and how you can protect against it
The tax increase on your UK property
Why your existing insurance might not cover you while you’re in the Middle East
The true meaning of 'offshore saving'
The facts about Sharia Law and your money
Download your FREE e-guide that answers the most sought after questions expatriates have when living in the Gulf region:
If you are a British expat living in the Middle East, you are most likely earning more as a result.
You could still be deemed a UK domicile, this means UK Tax liability.
Here at GWM we welcome your feedback, good or bad please fill out the form below and let us know.
Entering is easy, simply fill our the form below. The lucky winners will be contacted by phone or email on XX December.
GWM Advisor Login
Login now with your GWM account or register using the link below.
The GWM Advisor Portal is for registered GWM users only. If you don't have an account you can request one by emailing email@example.com. Only users with a valid gwm-intl.com email address will be accepted. Please allow time for your request to be reviewed by a site administrator.
Download your FREE Guide
Leaving the Gulf? - Discover the Key points to consider ahead of your departure.