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This is great, thanks. What sort of fee structure would there normally be with a wealth management service?

But I still need the tax advice.

Works for me! I left the UK when I was 27 and now I'm 60! All I need is something to inherit.......

Watch out! If you get a message in your journal for what they call a Review, its NOT a review, its Acussing you of Fraud! In other words Guilty before innocent! Ive been through it & was found NOT GUILTY! I just thought I should warn All of you who claim UC😊

Uk has iht tax treaty with 10 countries so you can avoid uk iht if you move to one of this country

Hi all. What starmer is forgetting is that we paid in from our money to receive this pension he only sees money he can grab .. this is stealing and akin to bank burglary. .what he is also forgetting is that some people have saved in order to pay for their funerals..this is not to put pressure on their families who are already are suffering financially...

Hi there very interesting. So I wish to retire in Thailand but I’m going to move all my money to my Thai bank account so what happens then. Regards nick

believe this girl but don't believe the government they chop and change the rules as it suits them , remember Diesel remember capital gains for landlords remember no EV taxes. they wont be happy until you have nothing and they have everything. sad to say but revolution is coming.

My take on it is that deemed domicile and domicile as a concept is out of the window. And so if you want your ashes returned to Ol' Blighty that's your choice with no IHT repercussions. I'm not a tax advisor but based on the video that's what I'm hearing. And it's my intended action to be added to my will now. Hopefully, some years off - watch by then they'll have changed the bloody rules again😂

Thanks Dianne, however I must point out that any 'profit' as you termed it - the difference between what was paid in and what is received in total as pension, is subjected to the dreaded interim inflation and is not really profit at all.

Thanks Diane. I had pondered whether the changes would have this effect but it seemed too good to be true. I thought there'd be some catch for UK Domiciles overseas. Thanks for clarifying. I'm 10 years non-UK resident TOMORROW!! No IHT on my estate to reduce my 3 kids' inheritance. I'll continue working a few years longer as it's for their benefit and not Reeves'! Thanks.

Draw all your money out as soon as it comes in

Good video. Straight to the point.

Good too many fiddles with this. Needs very strict rules, eg no non dom, you either pay tax in uk or the country you live in, but you pay tax in one fo them, this means no nhs etc in uk as your no longer a tax payer.

Be like Sweden it’s really simple. You can only not pay Swedish tax, if you are only in Sweden for 30 days in any six month period( a day is any part of a day). So if you arrive late Friday night stay Saturday and Sunday and leave at 1am on Monday, that is 4 days. No exceptions made.

One thing I am not 100% clear on is: does this new rule apply retroactively (i.e. if you (UK dom, lived all your life in the UK) left the UK in March 2022, and have been non-UK-resident for 3 years as of April 2026, do those 3 non-resident years "count" towards your 10 years, leaving 7 more years to go), or is it 10 years from April 2026 onwards?

This is all well and good but escaping the clutches of HMRC guarantees you are placed under the auspices of a different countries tax authorities, many of which are more draconian than the UK's.

I'm 57 and currently tracking 7 pensions from various jobs since my teen years (the first two being final salary - the good old days!). It's my intention to take out the 25% on the private pensions when I hit 60, pay off my then smallish mortgage and have a cracking holiday for my 60th birthday. I've lost many friends and work colleagues over the years (mainly cancer and road accidents) and everyday I'm thankful for still being here. I've no intention to work until state pension, I've set my target to retire at 62, my pension pot is healthy, and once the mortgage is paid, my monthly income will not be too short of what I'm taking home today. I could leave my pensions alone, but one big point is 'do you really want to work until you drop dead?'. For me, no, life is short and it's important to enjoy it when you can, if that means I'll quit a well paid job early to live on less then so be it, we all have our reasons. Always appreciate advice, thankfully I'm familiar with all the reasons provided. Anyway, back to my pension spreadsheet to make sure it's up to date :)

Understood. I’m off!

So encourage illegal immigration through financial reward and a lack of deportations, then incentivise the British citizens to leave?

🌟 One of the things that used to prove UK Domicile and your liability to pay death duties, was your wish to be buried in the UK. Under the new residency rules, If you are a resident overseas and you die overseas, can your ashes now be returned to the UK to be interned in a UK Church without it effecting your Residency status and your liability to pay Death Duties? Does a desire to be buried in the uk potentially affect the “tails” (time lines) you describe in your video?

I live in Slavelandia hence the people with the guns and prisons want to steal my energy and money and use the ultimate threat of kidnap and violence to enforce the theft

I'm a UK citizen, but I've been outside the UK more than 10 years. This little situation seems to imply it's too expensive to ever move back.

Send youngs to work . Give tme training.

Time to start making trips to the States and putting my money in an American bank

I would like to understand the implications and potential strategies for higher-rate personal taxpayers considering purchasing a residential property to live in, using retained profits held within their limited company. Specifically, I am exploring ways to avoid the need for a substantial dividend payment or director’s loan (e.g., £800K+) to transfer funds into a personal account for the purchase. Could you provide insights into the tax and compliance considerations of such an approach?

Very useful Diane

If you die whilst living abroad, your heirs are also living abroad and they inherit foreign assets how would HMRC enforce any of their rules? Of course if your assets are in precious metals and crypto they won't even know anyway whether you live in Dubai or Devon.

Very clear thanks. I’ve been living and working outside of the uk for 18years with a non dom non resident spouse. The old tax treatment for her was so unfair if something happened to me. But it seems now this is all cleared up. I read through the HMrc website. Which is actually very informative 👍

But do pay, or you wont get full state pension, the best investment you will ever make.

Beautiful voice

I don’t have kids so IHT doesn’t concern me, but, even after seeking tax advice about this and querying it I still can’t get my head around it. I’m reliably told I’m U.K. domiciled and non-U.K. resident. I left the U.K. Summer 2021 and haven’t set foot back in the country since. I have no property there. I have U.K. GIA broker account with funds domiciled in the U.K. which is why I sought help as I couldn’t find a definitive answer online as to whether this affected my status and whether I would be liable for CGT upon drawdown. I’m told I’m okay. However I am waiting till April 6 until I switch brokers because I read something about disposal of shares within three tax years or something.

I have been living abroad for 10 years now!

There's another 'worse off' scenario, an example as: if you are, say, 36 and have not yet contributed, expect to be paying in properly for the next 32 years til you retire at 68 and are thinking of filling in the gaps for the last 3 years, consider this: that ~£2700, if put in a world tracker in a SIPP can be expected to be worth £30,000 (at today's money - ie adjusted for inflation). Would you rather have an extra 8.5% of pension (£980) or £30k that can provide you with an extra £1500 per year of income (at 5% drawdown) while still growing at world tracker rates and be available to pass onto your kids? I'd far rather have the money!

The answer to your question depends on if the inheritance tax rules in the new country are better than the U.K. also , what would I loose out on ? Examples would have been helpful . 😊

A good video Dianne, but it would be better if you slowed down a little bit.

Yes, I agree with others about cyprus. Cat f applications have at present been frozen. There are various different income choices so definitely more to thi k about.

Hi thank you for the interesting update. I am still confused though , if you leave the UK and inform HMRC that you no longer wish to be taxed under UK but rather the country you have moved too does this 10 year tail still apply. For example I am a UK citizen and I have Portuguese residency and due to the 40% Pension IHT announced in the last budget I am thinking of going back permanently as there is no IHT liability for Children there. If I relocate all my pension pot and other assets does this 10 year taper still apply ?.

Dianne, a very good video. Clear and concise

0:59 this is somewhat misleading. The JPMorgan study assumes you stay in for all the worst days, while missing the best. Whereas, when timing the market, you're hoping to sell high - ie miss those worst days - and buy low. Not sell low....

Interesting, one has to remember that the Government are generally just thieves. They don’t actually do anything positive for Society. It’s a Sad world. The best thing you can do is to move to a Country that actually cares or wants you.

Thanks Dianne. I had spotted this change and it's nice to have you confirm it. I am currently planning to leave the UK and hoping to survive for 10 years thereafter in order to protect my Children's inheritance from HMRC.

Is funny how all these experts that say what should happen have very nice private pensions to look forward to

It is not just pensioners, the government can just empty your bank whenever they want and you can do nothing to stop them. The nation is more than broke, that day is coming faster than you can imagine. Remember Cyprus? Only ever leave enough in the bank to cover bills. Buy gold, silver, art, anything that holds value or keep your money in a tin under your bed but never leave in a bank or you WILL get what you deserve. Government is pure evil and nothing is beyond them

THE PENSION POT IS AT 30 BILLION??, THEY, ESTABLISHMENT/CIVIL SERVICE/GOVERNMENT??, WANT IT ALL??, THINK??, * ONLY PENSIONERS, THE INFIRMED *??, ARE AT RISK??. COVID 19??..

SO I'M 67?, WHEN I GET TO 70?, I'LL GET A DOUBLE PENSION??.

They already do. Just take your money out and use it

Any UK assets STILL liable to IHT....foreign assets NOT liable...AFAIK

The UK IS SCREWING THE WORKING MORTGAGE PAYERS , TAX PAYING CITIZENS INTO POVERTY ? Has it got to the point where your better off having nothing ? and going on the Social . Nothing comes out of Parliament ? Tories or Liebour to give the working man the will to do any thing , illegals get treated better ? While STARMER GETS A RING FENCED PENSION , FREE OF TAX ? COME THE TIME WHERE CITIZENS STAND UP TO GOVERNMENT. PEACE KEEPS on Y TUBE , PART 2 By Parliaments own admission , they can not tell the people what to do .🤔worth a watch .

To be clear, after 10 years living abroad, you are not liable for UK inheritance tax, even on UK assets like pensions and property in UK?