Opportunities and pitfalls for non-doms

Presented by

John Williams, Nedbank Private Wealth, and Mike Curran, PwC

About this talk

While there has been significant press as to whether a wealth tax could help address the UK’s national debt burden, the Chancellor of the Exchequer could again turn his attention to UK residents who are not domiciled in the UK to bolster the coffers. As life has changed and legislation has become more complex, can as many still credibly say that their domicile is not the UK? Whether it’s keeping sufficient years of records, conflicting statements that allow HMRC to challenge an individual’s chosen domicile or being able to back up increasingly tenuous ties to their domicile of origin, whatever future UK budgets and/or legislation lay out, the pandemic distorted the pattern of many non-dom lives in 2020 – changes that look set to continue into 2021. Join John Williams, head of wealth planning at Nedbank Private Wealth, and Mike Curran, director of PwC’s Private Business and Private Client team, as they discuss both the key opportunities and traps for non-doms.

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Nedbank Private Wealth is an award-winning boutique private bank, with an established track record of managing investment portfolios on a discretionary basis for discerning families, trustees and high net worth individuals.