The difference in taxation systems between the UK and Australia and New Zealand alone can in many instances cost you over 50% of the value of your hard earned assets.
In most cases the tax status of all your assets (including pensions) will change depending on whether you are resident in your country of departure, resident in your destination country, or for that matter treated as a non-resident in either of these countries for tax purposes.
Further, different tax years in different countries means that the timing of your move is important to ensure you are not caught out. For example, the UK tax year runs from 6th April to 5th April, the Australian tax year runs from 1st July to 30th June and New Zealand from 1st April to 31st March. When is the best time to act with regards to your assets? When is the best time to move?
Professional advice is recommended from a cross border specialist who understands both sides of the equation.
This is where we are able to assist you.
It is recommended you call us up to 12 months prior to making the move, (where applicable regardless of whether or not you actually have your visa), to ensure that your situation is properly sorted out.
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