Changes to taxation rules for UK residents, especially as Brexit proceeds, means this is especially true for financial advisers with clients aiming to retire in Europe.
The planned changes for resident non-doms in the UK which come into effect in April, also offer many opportunities especially in terms of rebasing their assets which may be able to put these into the wealth insurance structure which helps defer and control the tax due.
Foxall says for non-doms, the planning needs to be done now as assets held offshore can be segregated into clean capital and gains and then put into wealth bonds and protected.
