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19 Jul, 2010 - deVere's UK Budget Survey:
Need for financial advice stronger than ever amongst British
expatriates
deVere's UK
Budget Survey: Need for financial advice stronger than ever amongst
British expatriates
The deVere Group, the world's largest independent financial
consultancy group carried out a survey further to Chancellor
Osborne's Emergency Budget held on 22nd June 2010. Though people
are aware that initiatives need to occur in order to reduce the UK
deficit, the tax implications of some of these changes can have a
significant impact on the lives of many British expatriates.
The UK Emergency Budget might seem "out of sight and out of mind"
for many British expatriates, but there are measures which could
have immediate implications for them. For example, the rise in
Capital Gains Tax to 28 percent for higher rate taxpayers will
affect some British expatriates selling property they own in the
UK, unless they have spent five consecutive tax years as a
non-resident.
deVere found that over two thirds of expatriates who took the
survey approved of the budget but while more than half think they
will return to the UK one day, an overwhelming majority said that
they may reconsider coming back whilst taxes are high.
The survey found that while pension plans are failing, education
costs are rising and tax regimes are changing, most British
expatriates require further financial advice to potentially
mitigate their tax liabilities. A number of areas highlighted in
the UK Budget can be both positive and negative for their financial
well being and the majority expressed a need to receive the right
advice to help them make the most of their savings and investments.
For more information on the UK Budget, visit www.devere-group.com
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Related Articles
PRLog
http://www.prlog.org/10803616-deveres-uk-budget-survey-need-for-financial-advice-stronger-than-ever-amongst-british-expatriates.html
EIN News
http://investing.einnews.com/247pr/161632
PR Newswire
http://www.prnewswire.com/news-releases/deveres-uk-budget-survey-need-for-financial-advice-stronger-than-ever-amongst-british-expatriates-98815004.html
14 Wfie.com
http://www.14wfie.com/Global/story.asp?S=12836988
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