PWM International

If you have international considerations influencing your assets and financial planning, you will no doubt be aware of the complexity of managing your affairs across multiple jurisdictions and currencies.

Perhaps:

you are a temporary UK resident;
you are looking to move or return to the UK;
you report to multiple tax jurisdictions;
you maintain or are beneficiary of assets in multiple countries;
you previously used the “remittance basis” and have offshore funds; or
you are a US citizen living or moving to the UK.

In circumstances like these, the PWM International team has a wealth of expertise to help you efficiently organise and manage your affairs. As independent advisers, our priority is to help you meet your objectives in the most efficient way and provide you with personal, tailored advice.

Please explore the links below for further information about our key specialisms along with our guides and blogs with useful tips.

Our Specialisms

US/UK Financial Planning

US citizens in the UK face complex tax reporting requirements, often with conflicting rules and administrative burdens. We’ll help you stay compliant and tax-efficient on both sides of the Atlantic.

Cross Border Planning

Whether you’re returning to the UK, arriving as a new resident, or managing offshore assets and structures, we can provide integrated international financial planning advice that complies with multiple jurisdictions.

UK Tax Residence

The UK’s tax rules for non-domiciled individuals are changing. Our highly-skilled international team can help you navigate the new residence-based system, while planning effectively for your international wealth.

Pre-Arrival Planning

Planning on moving or returning to the UK? It’s worth preparing your financial strategy in advance. We’ll help you structure your assets to make the most of the new regime.

Foreign Income & Gains Regime

The UK’s new residence-based Foreign Income and Gains (FIG) system affects existing residents and new arrivals. We can help you to assess your tax liabilities and adapt your plans.

Previous Remittance Basis Regime

Considering bringing offshore income and gains into the UK? With the previous remittance basis rules changing, we can guide you through the new landscape with tailored strategies and long-standing expertise.

In October 2024, the Chancellor confirmed in the Autumn Budget that the government will be abolishing the existing domicile-based tax rules for non-UK domiciled individuals, replacing them with a residence-based regime from 6 April 2025. The new regime moves away from the concept of domicile to the more direct determination of residence to define an individual’s UK tax status. Part of the significant changes means that new UK residents do not pay tax on foreign income and gains for the first four years. Following that period, they will pay the same tax on their foreign income and gains, regardless of their domicile status. There are also significant changes that impact trusts and Inheritance Tax that will require a detailed review for both existing and future residents. If you have questions regarding the new rules, or if you have historical offshore income and gains, you take advice, it is important to seek advice as some actions may be needed before the new rules take effect.

Our service offers an unrivalled approach to wealth management for your assets both at home and abroad. We work in partnership with you to navigate the challenges and complexities inherent in international financial considerations. Our specialist investment services include advice on optimising your affairs based on your tax circumstances, advising on offshore custody and management of portfolios, multi-currency investments, and specialist portfolios to meet reporting requirements (including for US citizens).

Please contact any of our International team for a no-obligation introductory meeting to discuss how we can help you with your international financial considerations.

Our Team

Nathan Prior

Partner, Head of PWM International

For further information on how we can help you build and protect your wealth, please contact us.