My apologies, the opening title above makes this sound a bit like a bible class..
Every once in a while, we must share our success stories with you, successes that we achieve for our clients every day of the year.
Let’s go.
Moving from UK to UAE
Mr H UK national moves to Dubai
We had a new client in February who is relocating himself and his family to UAE. We assisted him with the standard UK tax exit matters, such as achieving UK tax non-residence and advising upon taxation of UK rents.
It is the extras that did for him that earned us our gold star. We worked with him to locate
- the best life insurance services for Brits in UAE
- global family health insurance
- the most reputable UK providers of letting agent services and property insurance
- solid reliable companies supporting him with UAE visas etc
- A global investment advisor for international pensions
At GETS, we are not experts in all fields but we will demonstrate very strongly the power of our network, built up over decades.
UK state pension for expatriate in Australia
Mr A a UK national in Sydney
The names and places have been changed on all cases to provide full anonymity. In summer 2024, our client applied to top up his UK state pension using our skills and contacts. He had a hole in his state pension pot of about 17 years and we filed papers and applications to rectify this. Thanks to his cooperation and our hard yards, we have been able to boost his state pension from ~£6,000 per annum to ~£12,000 per annum. This means that in his 70’s decade for example, he should receive an extra £60,000 in income over the 10 years.
Client very happy, despite small delays at HMRC end.
Overseas workday relief – the old rules
Mr T in London
Mr T is Canadian and arrived in the UK and arrived in the UK in summer 2021. He is entitled to tax relief on income from days worked overseas (OWR), he has claimed this for the 21/22, 22/23 and 23/24 tax years. Total benefits were £80-90,000. The great news about this tax relief is that it survived the shake up in 2024 by the UK Government. It still applies looking three years back and four years forward.
People who arrived three years ago can profit from OWR in those back years. Expatriates who arrived in 2024 or 2025 can still access the OWR reliefs, going forward, but under the new FIG rules. Please see Miss S in Birmingham below also, who is covered by the new rules.
New arrival to the UK uses new 2025 FIG rules
Miss S in Birmingham
Miss S is a British national who will become tax resident in May 2025, and she has lived abroad for 15 years. Under the new “non-dom” rules aka the FIG rules, she is eligible for UK tax exemption on foreign income and gains for her first four years of tax residence. This is a massive tax relief because she can exclude from tax all of her US and Australin dividends, and income from overseas workdays until May 2029. The estimated benefits to her will be in the £100,000’s. Please note that this client is UK national and born here and she can still access this relief.
So, what else have we achieved in the last few weeks ?
- Filed a successful tax treaty claim to keep RM ( Brit in Saudi) wholly out of UK tax.
- Managed international assignment agreements for new global plc’s.
- Assisted clients to minimise penalties when they forgot to report their income.
- Worked with a client in Qatar to manage his investments as effectively as possible.
- And there is more but that is for another day.
