Sterling Trust Limited is proud to announce the launch of Foresight, a specialist arm of the business, offering a variety of bespoke products to the international market place.
The Foresight strategy has been created in response to the growing numbers of people living and working abroad, who are often too busy to take care of their financial affairs and which they are increasingly outsourcing to financial advisers.
One matter that UK expats often overlook is their UK tax position. They often falsely conclude that their time outside the UK reduces or eliminates their tax responsibilities in the UK. This may not be the case, however, and Her Majesty’s Revenue and Customs (HMRC) have specific rules relating to what is and what is not taxable when an expat dies.
That’s where the Foresight strategy comes in! Responding to these shortcomings, its purpose is to provide solutions to manage any potential liabilities.
The first product within the Foresight strategy is a tax health check for clients, whereby for a £1000 fixed fee, we will review a person’s current tax status and estate. Meanwhile, further solutions will be launched in 2018. Watch this space!
Explaining the philosophy behind Foresight strategy, Sterling Business Development Manager, Andy Cowin, explains: “In this day and age, when there is so much change and uncertainty in terms of the expat and offshore tax landscape, you should never be frightened to take advice.
“Forward thinking and planning is always advised when it comes to tax matters. Whether it is in connection with IHT, capital gains or effective estate & wealth preservation, our Foresight strategy is designed to help remove any current anxieties you may have, especially given the way HMRC in the UK now views those with previous non-dom status.”
For any expats who may have concerns about their current tax status and who wish to take advantage of the practical steps the Foresight strategy can provide, in the first instance please contact Andy Cowin on 01624 611146 or email firstname.lastname@example.org