PWM International

Cross border
planning

With so many people having lived or worked abroad at some point in their lives, cross-border assets now make up a meaningful part of wealth for many families. Yet being connected to multiple jurisdictions can create complex tax, legal and planning questions – especially when local rules change.

At Partners Wealth Management, we help you navigate these challenges. Through integrated financial planning, we combine tax, legal and investment considerations into a coherent strategy tailored to your personal or family needs.

Our service supports internationally mobile clients with issues spanning tax, inheritance and estate planning, pensions, multi-currency assets, offshore structures, and the financial implications of moving abroad or returning to the UK.

An introduction to the FIG regime An introduction to statutory residence basis

Who we help

We regularly advise clients in situations such as:

  • Returning to the UK after working overseas, particularly with offshore investments or foreign pensions
  • New arrivals looking to understand or benefit from the foreign income and gains (FIG) regime
  • Trustees, settlors or beneficiaries of offshore trusts or other cross-border structures
  • Families holding assets or liabilities in multiple currencies

Understanding the UK’s evolving tax regime

In the 2024 Autumn Statement, the Chancellor confirmed that the current non-domicile tax rules will be abolished from 6 April 2025, replaced by a new residence-based regime.

This reform moves the focus from domicile to residence when determining UK tax status. Under the new approach:

  • New UK residents may benefit from four years of exemption on foreign income and gains, provided they meet the FIG criteria
  • After this period, foreign income and gains are taxed like those of any long-term UK resident — regardless of previous domicile

There are also important changes to the Inheritance Tax treatment of certain trust structures, including excluded property trusts. If you established a structure while a non-UK resident, it’s essential to review it to understand how the new rules apply and whether any action is needed.

How we support you

We bring together financial planning, investment strategy and specialist advice to help you make informed and tax-efficient decisions. This includes:

  • Financial planning and cash flow planning, integrated with tax and legal advice
  • Suitable custody and management of offshore assets, structured to meet your tax optimisation requirements
  • Multi-currency investment, matching your personal requirements
  • Generational planning service, with holistic and personal advice
  • Independent investment oversight of your holistic strategy, blending individually selected managers

To ensure a seamless approach, we work collaboratively with specialist tax and legal partners. We can coordinate with your existing advisers or introduce you to our trusted network of international lawyers and global accountants. Combined with our internal expertise, we can help assemble the right team to ensure you are always in safe hands.

As part of PWM’s Private Office service, your adviser can support you across every area of your financial world — from mortgages and cash management to foreign exchange and general insurance. One call to your adviser gives you access to a coordinated set of solutions designed around your needs.

Nathan Prior

For further information

To find out more about how we can help you with no obligation, please contact  Nathan Prior, Partner and Head of PWM International.

Related insights & guides

Keep up-to-date with all the insights with of our expertly written guides.
GUIDES
PWM Introduction to domiciles
Download
GUIDES
Insignis – Client brochure
Download
GUIDES
Your financial freedom
Download
GUIDES
The PWM Green Matrix
Download
GUIDES
An introduction to shareholder protection
Download
GUIDES
An introduction to US and UK investment and financial planning
Download
GUIDES
An introduction to the FIG regime
Download
GUIDES
An introduction to tax and pensions
Download
GUIDES
An introduction to statutory residence test
Download
GUIDES
An introduction to remittance basis
Download
GUIDES
An introduction to protection
Download
GUIDES
An introduction to pre-arrival planning
Download
1
8
View all
ABOUT US

Together, we make financial freedom simple.

As truly independent advisers, we don’t have in-house products we have to sell. And we don’t limit our advisers to specific financial solutions. Instead, we give them the freedom, knowledge and resources to recommend what’s best for each client so they can ensure the best possible outcomes.

Learn more

We have been very happy with the service we have received from PWM. We have always had clear and proactive advice in a timely manner. The staff are very friendly and helpful and respond to any points raised by us and are always available to talk through any issues which we may have”

Retired Partner, Magic Circle Law Firm

We have collaborated with Duncan and PWM for many years. Client feedback has always been exemplary, and we are always impressed by Duncan’s creative and collaborative approach. Duncan and PWM would always be our first choice of financial planner due to his extensive knowledge and PWM’s true independence.”

Alexandra Gordon
Managing Partner, Tassells LLP

We have built up such a strong relationship with you, based on mutual trust, professionalism, dedication and the strongest of product and market knowledge and you had never let us down. Your integrity, honesty, caring and positive approach served us well in the past and continues to do so today.”

Anonymous
Anonymous

Brett has advised me very soundly for 10 years. He’s comprehensively across the big stuff that can blow holes in financial wealth if not spotted. He also provides excellent continuing client focus and service. Delighted to be a client of his.”

Keith Bottomley

PWM have always shown great integrity in all my dealings with them.”

Head of UK & Global Credit

We wanted sustainable fossil-fuel free investments but it is difficult at present to pick something off the shelf. We were therefore pleased that with advice from Nathan at PWM, we have been able to implement a portfolio that maintains diversity and meets our objectives."”

Sustainable Investors, Surrey