SJP Relocation considerations

Returning home to the UK after a period overseas can be a stressful process that requires careful consideration and planning.

Ensuring that your affairs are in order and that your finances and investments are administered efficiently is of paramount importance. Surrendering investments at the wrong time, or arranging them in an inappropriate manner, can lead to significant and unexpected tax consequences in the UK.

Ideally, you should seek professional UK financial advice at least 12 months prior to your return.

Here are 8 essential things you should consider when planning your return to the UK.

Taxation for UK-domiciled individuals
Residential property
Investment and insurance
Retirement planning and pensions
Banking, savings and currency exchange
Mortgage and borrowing
Chartered accountant
Closing accounts and cancelling permits and visas

We appreciate that your planned return home represents a significant change and we believe we can aid this transition by offering you our distinctive Repatriation Service.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Advice relating to a mortgage involves the referral to a service that is separate and distinct to those offered by St. James’s Place.

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 than you 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. 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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The key to a successful and financially efficient repatriation is the planning process. Speak to our repatriation specialists prior to your move.

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