Ailo said the guide covers the many issues people need to consider before they move abroad, which include their tax position, the best way to deal with their savings and investments, the implications for property that they own, their pension options and how they should structure their will.
“The new Ailo guide explores these issues, and more, helping advisers to begin to address their clients’ individual financial planning needs,” said the association’s chairman Bob Pain.
“We know that advisers appreciate the generic information Ailo provides on a range of subjects relating to the cross-border market.”
The Office of National Statistics estimates that around 300,000 people left the UK in 2015 and relocated to places such as Australia, France, the US, the UAE, Canada and Spain.
“The new Moving Abroad guide will undoubtedly be welcomed by advisers and their clients who need to understand the issues they face when planning to leave the UK. In due course, we hope to address the issues affecting those returning to the UK, but like everyone else, we are waiting for the impact of Brexit to be fully understood before we can do so.”
The guide is free and available to download from Ailo’s website.
