Moving Back to the UK Having Lived Abroad
Moving back to the UK presents a natural point for which to review your finances. It may be that no real changes are needed, but it is sensible to take stock as part of your move. Prior planning is crucial and it is beneficial to begin the process at least 18 months before moving.
The most important step is to ensure that you properly enter the UK tax system. Planning ahead will mean that you can take advantage of your expatriate status before you return. For example, you should be able to minimise your liability to income and Capital Gains Tax prior to your official return to the UK.
Moving back to the UK also offers a unique opportunity to evaluate your investment situation – notably to review your offshore and onshore capital, your pension arrangements and entitlement and consider any changes to your investment portfolio.
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