Newly UK resident and internationally mobile individuals
Providing you with a bespoke, comprehensive financial plan to help you achieve your goals and aspirations.
Providing you with a bespoke, comprehensive financial plan that keeps pace with the UK’s residence-based tax regime – for those arriving, established, or preparing to leave.
We are highly experienced in advising internationally mobile clients through the UK’s new residence-based tax regime.
The old concept of domicile has gone. Since 6 April 2025, what matters is how long you’ve been UK resident – not where your father was born or where you consider “home.” That’s a fundamentally different planning problem, and one most advisers haven’t caught up with.
At Apollo Private Wealth, we’re a diverse team who speak a multitude of languages between us. We’re well placed to give practical, internationally-minded advice – whether you’re relocating to the UK for the first time, approaching the end of your four-year tax-free window, or a long-standing resident planning around the 10-year inheritance tax threshold.
The non-dom regime has been abolished. From 6 April 2025, the remittance basis was replaced by the Foreign Income and Gains (FIG) regime: new UK residents get full relief on foreign income and gains for their first four tax years, then are taxed on worldwide income like any other UK resident. Inheritance tax has moved the same way – from domicile to a 10-out-of-20-year residence test. Read more here.
Our team, and SJP’s partner third-party service providers, are experienced in planning through every stage of the residence-based regime – using effective tax and financial planning to suit each client’s circumstances. Advice areas we cover include:
- New arrivals structuring their finances to make the most of the four-year FIG window before it expires
- Individuals nearing the end of their FIG period, who need a plan for full worldwide taxation
- Long-term residents approaching the 10-out-of-20-year IHT threshold, and the “tail” that follows leaving the UK
- Clients with pre-2025 unremitted funds considering the Temporary Repatriation Facility (TRF)
- Trustees of non-UK trusts affected by the removal of protected trust status
- Clients planning their exit and residence timing around the 10-year non-residence reset
Globally mobile
Our service draws together the skills and experience of specialist international investment partners. Together with St. James’s Place Discretionary Investment team, we’re placed to manage your offshore investments and the complex custody and administration requirements of internationally mobile portfolios – while staying compliant with all relevant legislation.
The new tax regime
Until April 2025, UK resident non-domiciles paid a remittance basis charge to shield foreign income and gains from UK tax – £30,000 from 2008, rising to £60,000 for longer-term residents from 2017. That regime is now gone.
From 6 April 2025:
- New UK residents (not resident in any of the previous 10 tax years) can claim 100% relief on foreign income and gains for four tax years – regardless of remittance.
- After four years, you’re taxed on worldwide income and gains in the normal way.
- Inheritance tax now follows a residence test: once you’ve been UK resident in 10 of the last 20 tax years, your worldwide estate becomes liable to UK IHT. Leave the UK, and a “tail” period keeps you in scope for a period afterwards.
- Clients who previously claimed the remittance basis may be able to use the Temporary Repatriation Facility to bring pre-2025 funds onshore at a reduced rate – available for a limited window.
The St. James’s Place Excluded Property Trust (EPT), previously a cornerstone of non-dom estate planning, is affected by these changes – trusts settled or added to after a settlor becomes a long-term resident may no longer sit outside the UK IHT net in the way they once did. This needs case-by-case review rather than blanket reliance on the old EPT positioning.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.
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.
Trusts are not regulated by the Financial Conduct Authority.
