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Up to 120,000 UK residents in UAE affected by UK legislation changes
September 23, Abu Dhabi: Experts from leading financial firms are addressing common mistakes made by UK expatriates residing in the UAE regarding UK tax laws this Tuesday, 25 September.
With recent changes to UK legislation impacting around 120,000 UK residents and over 5,000 British companies operating in the UAE, common assumptions that these residents do not have to worry about tax or declare their income can lead to serious financial consequences on their return to the UK.
Hosted by Guardian Wealth Management (GWM) at the Abu Dhabi Golf Club in Khalifa City, the free seminar will provide clear and informative views on the strategy and approaches that UK domiciles need to be aware of to deliver the most positive return on investments and ensure they are UK compliant.
GWM’s senior financial planner James Ferguson, an experienced financial adviser with knowledge of both the UK and global advice markets, will deliver qualified advice to individuals, families and businesses so they can ensure they remain UK compatible.
Having been involved in the banking and financial industry for 16 years, James will address concerns ranging from pension entitlements and eligibility, to legalities on paying Inheritance Tax (IHT).
This includes an incorrect assumption that British expatriates cease to be tax residents in the UK when they work abroad, which can lead to tax liability on foreign earnings or backdated tax, penalties and interest issues.
Joining James will be David Denton, an International technical sales manager at Old Mutual International. Specialising in the offshore markets for over 20 years, David forecasts what is on the UK Government agenda and how expats in the region can ensure they remain compliant.
A Q&A session and complimentary drinks reception will be held afterwards.
Guardian Wealth Management offers tailored financial planning for families including budgeting, short-term savings and long-term structured savings and investments.