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Yahoo
6 days ago
- Business
- Yahoo
Chase Buchanan Wealth Management Achieves Status as the Only Global Expat-Focused CII International Professional Partner
Chase Buchanan Wealth Management becomes the only global expat-focused wealth management firm recognised as a CII International Professional Partner Chase Buchanan Wealth Management Achieves Status as the Only Global Expat-Focused CII International Professional Partner Paphos 8035, May 30, 2025 (GLOBE NEWSWIRE) -- Chase Buchanan Wealth Management Achieves Status as the Only Global Expat-Focused CII International Professional Partner Chase Buchanan Wealth Management, a leading global wealth management and financial advisory provider, has unveiled its latest achievement. It has successfully applied to become an International Professional Partner Firm of the Chartered Insurance Institute (CII), the professional body concentrating on the insurance and financial planning sectors. Being recognised through the voluntary application process demonstrates the company's dedication to upholding the highest professional standards. Partner firms prove their alignment with the CII Code of Ethics, demonstrate their investments in workforce professional development and showcase efforts to establish best practices in the profession. The Significance of Chase Buchanan's Achievement as a CII International Professional Partner Firm Chase Buchanan has become the singular organisation operating in the private wealth management space and providing dedicated support services for international expatriates across Europe to hold CII International Professional Partner Firm membership. This positions the already established company as a provider of choice both for financial advisory clients and the professional tax, finance and investment specialists working throughout its offices. Partner firms adhere to three core CII principles, including commitments to: Continue working to augment faith in the financial planning and insurance sectors by adhering to the CII Code of Ethics and always acting in the best interests of their clients. Investing in workforces and colleagues by providing funding for ongoing training programmes and support with professional development. Actively promoting the value and importance of professional qualifications, maintaining optimal levels of professional expertise, and continuing with professional development initiatives through the Chartered Insurance Institute or other affiliated and suitably accredited providers. While Chase Buchanan has long advocated for ethics-focused advice and has published numerous guides offering education about the reasons expatriates should always source support from properly accredited and regulated financial advisers, working as a CII partner cements its position. Why CII International Professional Partner Status Ties Into Chase Buchanan's Objectives The international company has earned a reputation for personalised, bespoke, and reliable advice and for the breadth of its services. These span financial and succession planning, investment advisory, and wealth management expertise, and mean the partnership status perfectly fits into the group's framework. As the newest company permitted to use the IPPF designation and display the CII International Professional Partner Firm logo, Chase Buchanan joins a number of well-regarded financial services and insurance providers. Still, it is uniquely the only wealth management firm in Europe solely focused on providing professional support for expatriates. Lee Eldridge, Group CEO and Head of Investment Advisory at Chase Buchanan, says, 'We have always provided first-class services and access to the finest advisory support across all our international teams, ensuring that expatriates and global investors make informed and confident decisions based on the parameters that matter most to them. CII International Professional Partner Firm status fits into this seamlessly and represents the way we have worked over the years to establish long-standing, trusted relationships with our clients. Individuals and families depend on our advisers and wealth managers to provide exceptional professional support while keeping a keen eye on the best ways to protect their wealth for future generations. Working with the CII to become a recognised partner is the latest step in our development, and something we are proud to hold as a global wealth management firm, with an overarching aim to always deliver reliable, impartial advice. This is also a great opportunity to acknowledge our outstanding advisers, who hold exceptionally high qualifications and accreditations, and who embody the Chase Buchanan spirit of accessible, jargon-free, and friendly communications without the complexities that can make financial decision-making seem harder to navigate.' The Background of Chase Buchanan Wealth Management Chase Buchanan's motto is 'trusted advice made simple,' which is borne out by the many positive testimonials published by clients. They value the transparency around fees and commissions, the personalisation of recommendation reports, and the assurance that the wealth management firm is entirely independent. Chase Buchanan is a privately owned organisation committed to independent ownership to avoid prevalent issues around limited advice or product offerings. It offers unbiased advice from professionals qualified to an elevated standard and supported by a team of Chartered Tax Advisers and a specialist Tax Barrister. To date, the company has nine international offices supported by a UK Administration Centre. It has invested significantly in expanding capacity to meet the continually higher demand for professional advisory assistance for expatriates and businesses with assets and interests across borders. - Experienced Tax Specialists at Chase Buchanan Wealth Management Reflect on the Changing 2025 Global Economic LandscapeChase Buchanan is a highly regulated wealth management company that specialises in providing global finance solutions for those with a global lifestyle. We are global financial advisers, supporting expatriates around the world from our regulated European headquarters, and local offices across Belgium, Canada, Canary Islands, Cyprus, France, Malta, Portugal, Spain, UK and the USA. All investments carry risk, including the potential loss of capital. You should carefully consider whether investing is suitable for you, taking into account your personal circumstances, financial situation, and risk tolerance. Chase Buchanan Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission with CIF Licence 287/15. Media Contact: Chase Buchanan Ltd+357 2501 0455Attachment Chase Buchanan Wealth Management Achieves Status as the Only Global Expat-Focused CII International Professional PartnerSign in to access your portfolio
Associated Press
29-05-2025
- Business
- Associated Press
Inheritance Tax for UK Nationals Living Abroad: The Newly Introduced Residence-Based Regime
05/28/2025, Paphos 8035 // PRODIGY: Feature Story // Following Labour's formation of a new government, Chancellor Rachel Reeves hinted strongly at proposals to rethink inheritance tax exposure for long-term overseas expatriates. This was borne out in the announcements made during the Autumn Budget, which came into force at the start of the 2025-26 tax year. Coupled with reforms to the non-dom tax regime and Overseas Transfer Taxation on cross-border pension transfers , these changes may significantly impact the tax planning and decisions made by expatriates splitting their time between the UK and other countries, and where they choose to base their primary homes. Chase Buchanan Wealth Management , an international group of accomplished wealth managers and financial advisers, has explained the changes, how they may affect expatriates, and how the new residence-based inheritance tax scheme will work. Changes to the UK's Domicile-Based Inheritance Tax System Domiciliary status has long been a headache for expatriates, many of whom continued to bear some exposure to UK inheritance tax long after they had relocated overseas and settled as permanent tax residents in other jurisdictions. That is because changing domicile can be complex and costly, and a proportion of expatriates simply didn't realise that their tax residency and domiciliary positions were two very different things, leaving families and heirs with sizable inheritance tax burdens they hadn't planned for. From this tax year onward, the positive is that your domiciliary status is no longer relevant. Instead, HMRC will assess the inheritance tax liabilities linked to an estate based on how long the individual had been an overseas resident. Currently, that means any UK citizen who has lived continuously overseas since 5th April 2015 or earlier will not have a UK inheritance tax obligation linked to assets based in another country. The exclusions apply to assets based in the UK, including residential real estate assets, which may still be subject to the tax. The idea is that once a long-term overseas expat has been a resident elsewhere for 10 years, their estate and beneficiaries will no longer be liable for UK inheritance tax against their non-UK assets. However, the opposite also applies. Therefore, non-UK assets will fall within the scope of British inheritance tax following ten years of UK residency if a foreign national from elsewhere, or a British expat, decides to return. How British Expats Will Be Assessed for UK Inheritance Tax Going Forward It is essential to reiterate that the new scheme does not mean that being classed as an overseas resident automatically exempts any British citizen, and their estate, from inheritance tax. Instead, it means that when an expatriate settles in another country, their assets outside of the UK may be excluded from the scope of UK inheritance tax from ten years onward. Much will depend on the specifics of their tax residency position and whether they meet the criteria to be considered long-term overseas residents. This is ascertained using the Statutory Residence Test, which HMRC and the UK authorities already use to determine whether an individual is a tax resident in the UK and, therefore, subject to British taxation against their worldwide income and assets. Other countries use similar rules to decide whether a foreign national resident is exposed to domestic tax only on their locally based assets and income sources, or against all of their wealth and earnings. While the system is fairly complex and involves a series of tests, which look at aspects such as the individual's primary home, where their main income arises, the location of their immediate family members, and their investment or business interests, the Chase Buchanan team can, of course, assist with this. What Does a Residence-Based UK Inheritance Tax System Mean for Expatriates? The ramifications may vary between individual estates, families, and taxpayers. Still, the immediate takeaway, as we've mentioned, is that a person who has lived abroad for at least ten years is unlikely to now have any inheritance tax levied on their estate, at least against assets held outside of the UK. Likewise, an expatriate might decide to restructure their assets, set up trusts and other funds, and gift non-UK assets to loved ones and family members without any concerns about how this could affect their beneficiaries' future tax liabilities. We also expect these reforms to have a material effect on decision-making, particularly for expatriates who may have been considering a return to the UK and those currently planning a relocation and making decisions about whether to liquidate, sell, or transfer UK assets to another tax jurisdiction. That said, it remains crucial to be conscious of succession, inheritance, wealth, and estate taxes in other countries. Being exempt from UK inheritance tax or with a minimal liability by no means limits the tax obligations that could arise in a person's country of residency or affect their nominated heirs. Expatriates who opt to remain non-UK tax residents may no longer need to factor in UK inheritance tax or make decisions about whether to work through the process of establishing a new domicile. However, they will still need to ensure they are fully conscious of how the Statutory Residency Test works, and how, for instance, retaining a UK home may influence the outcomes of that assessment. How Does the New Foreign Income and Gains Regime Factor Into Inheritance Tax Reforms? As a final note, one of the additional announcements relates to the Foreign Income and Gains (FIG) regime, which also took effect from 6th April 2025. This rule means that expatriates who have been non-residents for ten continuous years and choose to return to the UK can take advantage of a four-year exemption. During that initial four years, they may be able to claim UK tax relief against foreign incomes and gains, including those they receive personally and through a trust. This is in a bid to incentivise affluent expatriates to consider a return and make it more tax-efficient to relocate to the UK and bring investment assets and wealth with them. As with all of the topics discussed here, the benefits, tax efficiencies, and impacts on your overall tax position should always be reviewed with help from an experienced global tax adviser. Read more about Chase Buchanan - Experienced Tax Specialists at Chase Buchanan Wealth Management Reflect on the Changing 2025 Global Economic Landscape About Chase Buchanan Private Wealth Management Chase Buchanan is a highly regulated wealth management company that specialises in providing global finance solutions for those with a global lifestyle. We are global financial advisers, supporting expatriates around the world from our regulated European headquarters, and local offices across Belgium, Canada, Canary Islands, Cyprus, France, Malta, Portugal, Spain, UK and the USA. All investments carry risk, including the potential loss of capital. You should carefully consider whether investing is suitable for you, taking into account your personal circumstances, financial situation, and risk tolerance. Chase Buchanan Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission with CIF Licence 287/15. Source published by Submit Press Release >> Inheritance Tax for UK Nationals Living Abroad: The Newly Introduced Residence-Based Regime
Associated Press
01-05-2025
- Business
- Associated Press
Experienced Tax Specialists at Chase Buchanan Wealth Management Reflect on the Changing 2025 Global Economic Landscape
05/01/2025, Paphos 8035 // PRODIGY: Feature Story // Chase Buchanan Wealth Management, a highly respected international network of financial advisers, tax specialists, and experts in cross-border financial management, has commented on the challenges and opportunities in the year ahead following months of uncertainty and upheaval. The company, which emphasises the value of independent, fully personalised wealth management, offers a comprehensive range of services for clients across its offices, which are located throughout Europe and North America and supported by a UK Administration Centre. The Impacts of Tax Reforms and Regulatory Changes on Expatriates After months of rapidly changing inflation levels and interest rates, global tariffs, conflicts, and political change, 2025 presents a unique picture for wealth management professionals. One of the biggest impacts expected by the Chase Buchanan team includes steep demand for cross-border tax advice. Lee Eldridge, Group CEO and Head of Investment Advisory at Chase Buchanan, says, 'Risk is always an inherent part of tax and investment management, but we've seen sustained and consistent increases in enquiries and contact from clients – including families, retirees, investors and business owners – who can see that evolving reforms, tax levies and trade agreements between countries could have a direct effect on their finances. Across the Chase Buchanan group, we have recorded significant increases in the need for specialist, up-to-date tax advice, especially among affluent retirees who have seen sudden and often dramatic changes to UK and overseas tax legislation that have an immediate impact on their plans and finances. Issues like the expansion of the scope of the UK's Overseas Transfer Tax, the closure or restrictions on several high-demand golden visa programmes, and reforms to the domiciliary and residency rules that establish the tax profile of British expats have also meant that long-standing plans may now be less stable, viable or tax-efficient.' Projections and Forecasts for the 2025 Economic Outlook While the picture is constantly shifting, the latest predictions from the International Monetary Fund (IMF) show that global growth is projected to remain at 3.3% during 2025 and 2026, below the average growth rate of 3.7% - but still a positive growth projection. Inflation is also expected to fall to 4.2% globally this year and further to 3.5% in 2026. Inflation levels are thought to be likely to be reduced back to target rates in advanced economies before emerging and developing markets follow suit. Eldridge says, ' Given the amount of uncertainty that remains, many investors are adopting a risk-averse and cautious approach. The announcements in the Spring Update here in the UK and the fresh rounds of trade tariffs announced by the US reflect this core need for agility, with many economists anticipating that additional tariffs could dampen growth in Europe, but with cautious forecasts that point toward a US economy that outperforms expectations. Inflation decline is certainly a positive, and with more central banks expected to reverse monetary policies back to previous levels, this could pave the way for more stable financial conditions and greater investment confidence. That said, the landscape is in flux, and diligent, thorough risk appraisals and portfolio reviews are key.' Guidance for Expatriates in Managing Tax and Wealth in the 2025 Economy Most prospective expatriates are well informed about the key changes affecting individual and business tax profiles in the UK, including reforms to the rules for foreign nationals, the removal of the non-dom tax status, changes in taxation levied across international pension transfers, and reforms to the way overseas expatriates are assessed as liable for UK taxes. The picture can be just as changeable in overseas countries, with many juggling the need to catalyse growth and investment following a period of record-high inflation, but with political and economic pressures that mean further tax changes are possible. Eldridge adds, ' Our advice for expatriates who are relocating, either because of budget changes or as part of their long-term plans, is to consult a tax specialist and wealth management team with accurate and relevant knowledge of the tax regimes and regulations both in the UK and in their intended place of residence. Making informed, careful decisions with the professional support of a highly experienced team of advisers can avoid issues, optimise your portfolio and income, and ensure that your financial position remains well-controlled.' Read more about Chase Buchanan- Chase Buchanan Wealth Management Reviews the Impacts of 2024 on International Expatriate Clients About Chase Buchanan Private Wealth Management Chase Buchanan is a highly regulated wealth management company that specialises in providing global finance solutions for those with a global lifestyle. We are global financial advisers, supporting expatriates around the world from our regulated European headquarters, and local offices across Belgium, Canada, Canary Islands, Cyprus, France, Malta, Portugal, Spain, UK and the USA. All investments carry risk, including the potential loss of capital. You should carefully consider whether investing is suitable for you, taking into account your personal circumstances, financial situation, and risk tolerance. Chase Buchanan Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission with CIF Licence 287/15. Media Contact: Chase Buchanan Ltd +357 2501 0455
