10 top tax tips on leaving the UK to go abroad

1. LEAVING THE UK
TAX AND FINANCIAL
TIPS
By Margaret Thornton FCA CTA
Morgan Cameron

2. 10 things you should know

3. Number 1
Residence
When will you become non-resident in the UK?
When you will become resident in another company?

4. Number Two
Domicile
If you or your parents do not/did not have UK nationality or
you are dual national what is your domicile position?

5. Number Three
Taxable Income
which sources of income will still be taxable in the UK even
as a non-resident?

6. Number Four
Savings
What will happen to your savings?
Where will you save in future and in what currency?
What about ISAs when you become non-resident?

7. Number Five
Pension planning
What happens to your UK pension pots?
Where should you save whilst abroad?

8. Number six
Children
What are the implications for benefits and right to student
loans as UK students?

9. Number Seven
Property
Will you be letting a property whilst abroad?
How is the income taxed?
What expenses can you claim?

10. Number Eight
National Insurance
When do you stop paying into the UK scheme?
How can you pay voluntary contributions whilst abroad –
and do you need to?

11. Number Nine
Capital Gains Tax
Will a period abroad mean you might pay tax when you sell
your UK home?

12. Number Ten
Wills and Life Cover
Have you got an up to date will?
Have you enough life assurance cover?

13. Do you need help?
Morgan Cameron are very experienced we can advise you
on all these issues taking into account your particular
circumstances
Contact us for more information:
 01993 700900
margaret.thornton@morgancameron.com