# Edale > Care for financial and business assets --- ## Pages - [US Pensions and brokerage account need for a real address not a false one](https://edale.co/us-pensions-and-brokerage-account-need-for-a-real-address-not-a-false-one/): For many individuals who have moved outside the United States, the idea of maintaining a US brokerage or 401k pension... - [Appropriateness Assessment Form](https://edale.co/appropriateness-assessment/): You requested our investment in a financial product which we consider to be a Complex Financial Instrument. We must evaluate... - [UK Financial Products that causes headaches to American citizens - Bonds, VCTs, EIS, SEIS](https://edale.co/uk-financial-products-to-causes-headaches-to-american-citizens-bonds-vcts-eis-sesi-isas/): Most British advice to expats in the UK is inherently “UK-centric,” designed for individuals whose tax obligations begin and end... - [Financial support resources](https://edale.co/financial-support/): Explore UK financial security resources, fraud prevention tips, and safe banking practices to protect your money and assets effectively. - [Financial advice where extra support and care needed](https://edale.co/financial-advice-where-extra-support-and-care-needed/): Financial advice where additional assistance needed for a short-term or long-term vulnerability. - [How to use Foreign Income and Gains (FIG) rules for UK resident tax efficency](https://edale.co/how-to-take-foreign-income-and-gains-fig-for-uk-resident-tax/): British expats and US citizens considering moving to the UK, how to benefit and be tax-optimal under the UK's new income and gains taxation regime - [Converting overseas pension distributons and income to £ for UK Tax Reporting](https://edale.co/converting-overseas-pension-distributons-and-income-to-for-uk-tax-reporting/): Effortlessly convert overseas pension amounts to GBP for HMRC reporting using our tool. Track, edit, and group values by tax year for self-assessment. - [Distributions from ROTH IRA for UK tax efficiency from US Pension](https://edale.co/distributions-from-roth-ira-for-uk-tax-efficiency-from-us-pension/): US Roth IRA benefits in UK, tax-free growth and withdrawals in the US and UK, plus strategies for conversions and retirement planning. Lower you taxes. - [US Pension (401k+IRA) Regular Distribution tax and withdrawals](https://edale.co/regular-withdrawals-from-401k-ira-and-scenerios-calculator/): US 401K Withdrawals and Tax Treatment Withdrawals from 401(k)s or |IRAS are taxed the same way for residents and non-residents.... - [Lifetime ISA for Retirement](https://edale.co/lifetime-isa-retirement-pension/): Supplementary pension route for those that maximising pensions. Get 25% bonus for each £1. From age 60 onwards withdraw your entire LISA tax-free. - [Walkthrough of opening an ISA with Edale](https://edale.co/isa-open-walkthrough/): Details on how to open an ISA with Edale Investment Platform - [Contribute to US Pensions (IRA/401k) as non-US resident](https://edale.co/contributions-to-us-pensions-as-non-us-resident/): US expats in the UK can contribute to IRAs. Learn how to stay tax-efficient using US pensions, FEIE, and FTC rules while living abroad to grow retirement savings in US - [Financial advice for millionaires](https://edale.co/financial-advice-for-millionaires/): Millionaires (or high-net-worth individuals) benefit from combined financial advice and investment management when looking after their finances. Millionaires don’t always... - [Accessible Financial Advice for those in their 30s to 40s](https://edale.co/accessible-financial-advice-for-those-in-their-30s-to-40s/): Financial advice for your 20s, 30s, or 40s, for retirement and tax efficiency. Build a large investment and pension pot. - [Optimal way UK resident accesses an inherited pension (401k/IRA) from USA family member](https://edale.co/us-inheritance-uk-beneficiary/): The best plan for a UK citizen and beneficiary inheriting from a USA family relative. Options, withdrawals and taxation for 401k and IRAs when in UK. - [Book Paid Financial Adice](https://edale.co/book-paid-financial-adice/): Book 30 or 60 minute Consultation with an Edale Financial Adviser Looking for expert financial advice tailored to your situation?... - [IRS tax document for 401k + IRA distributions](https://edale.co/irs-tax-document-for-401k-ira-distributions-w8ben/): Explanation of IRA and 401k requests for a W8Ben from US pension provider. Get advice how to optimise tax payable on your USA pension distributions and withdrawals - [Efficient US Pension (401k+IRA) Lump Sum distribution withdrawal in UK](https://edale.co/401k-ira-lump-sum-withdrawal-in-the-uk/): Optimise US 401K IRA lump sums treatment in the UK. A guide to how it works and what the circumstances can be for penalty-free access. - [Searchable list of US domiciled funds with UK HMRC reporting funds](https://edale.co/searchable-list-of-us-domiciled-funds-with-uk-hmrc-reporting-funds/): Find US Mutual Funds and ETFs that are UK reporting status registered with HMRC. Searchable list to identify funds quickly and simply. - [What former employees can do with US Pensions (401k / IRA) when non-US resident](https://edale.co/what-former-employees-can-do-with-us-pensions-401k-ira-when-non-us-resident/): Managing US Retirement Accounts as a Non-Resident: What To do If you’re a non-resident employee who has left the United... - [UK investment platforms not accepting Americans. What to do. We can help](https://edale.co/investment-solutions-for-us-uk-no-closure-nor-restrictions/): Faced with ISA or UK pension closure? Get US-UK investment account that won't be closed or restricted. - [American expats buying property in the UK](https://edale.co/us-citizens-buying-property-uk-tax-challenges/): Tax challenges for US Citizens buying a house in the UK face tax challenges in the USA that should be... - [Open a Stocks & Shares ISA for US UK Citizens](https://edale.co/open-a-stocks-shares-isa-for-us-uk-citizen/): Open an ISA for US citizens and children that live in the UK. No hassles and qualified advisers to help you. - [US UK Client Feedback: Financial Advice](https://edale.co/us-uk-client-feedback-financial-advice/): In their word testimonials from US UK Financial Advice for expat clients on 401ks, ISA, moving abroad, etc. - [Why an American in the UK Should Consider Using an ISA Despite U.S. Tax Implications](https://edale.co/why-an-american-in-the-uk-should-consider-using-an-isa-despite-u-s-tax-implications/): Discover the tax benefits and advantages of ISAs for Americans in the UK. Tax-free in the UK but taxable in the US, ISAs boost your savings. - [Brite Advisors 2025 distribution plans for beneficiaries](https://edale.co/brite-advisors-2025-distribution-plans-for-beneficiaries/): Learn about the 2025 distribution process for Brite Advisor beneficiaries, key dates, and necessary actions. Consultation ends 31 Jan 2025 - [401K Rollover to IRA: Options For US Based pensions when in the UK](https://edale.co/401k-rollover-to-ira-us-uk/): US expats with 401k resident in UK, can roll 401k into a Traditional IRA or Roth IRA for greater investment flexibility, tax benefits and full UK/US pension advice. - [Moving from the US to the UK 2025: Tax + Financial Planning Guide](https://edale.co/moving-from-the-us-to-the-uk-a-comprehensive-financial-planning-guide/): Financial planning as a US citizen living or moving to the UK. Simple outline of US and UK tax laws for your investments and retirement savings. - [US Pensions (401k + IRA) advised from UK](https://edale.co/us-pensions-401k-ira-advised-from-uk/): Expert advice on US pensions, including 401(k)s and IRAs, for expats and retirees in the UK. Maximise savings with cross-border financial planning. - [UK Financial Advisor for Your 401k / IRA US Pension as a Non-US Resident](https://edale.co/uk-financial-advisor-for-your-401k-ira-us-pension-as-a-non-us-resident/): Expert UK financial advice on 401(k) & IRA pensions for non-US residents that need professional investment advice and financial planning from the UK. - [UK Non-Reporting Funds Offshore Funds](https://edale.co/uk-non-reporting-funds-offshore-funds/): UK Non-Reporting Offshore funds. Critical info to know + importance for expats residents. Especially if use brokerage accounts in the UK or USA. - [Monitoring and Evaluations](https://edale.co/monitoring-and-evaluations/): Specialist evaluation consultancy supporting social impact and economic development with robust, tailored assessments. - [Upload](https://edale.co/upload/): Submit information and files to Edale as agreed in our services, - [Case Studies](https://edale.co/case-studies/): Explore Edale's financial case studies, showcasing tailored solutions for ordinary people - UK residents, expats, dual citizens, and investors needing cross-border wealth advice. - [US Brokerage Accounts: What US Expats Should Know When Living in the UK](https://edale.co/us-brokerage-account-uk-american/): Learn how US brokerage accounts are treated and need to be invested for Americans living in the UK. Avoid unexpected pains by understanding UK rules. - [Inheritance Tax IHT Portfolio Service](https://edale.co/inheritance-tax-iht-portfolio-service/): IHT for estates large enough to be affected by inheritance tax and want to keep control of their assets. Own a portfolio of growing and profitable companies while reducing taxes. - [Non-US residents with a Vanguard USA Mutual Account](https://edale.co/non-us-residents-with-a-vanguard-usa-mutual-account/): Vanguard USA will retire its legacy Transfer Agent (TA) platform for retail investors by the end of 2025. What to do if a non-resident and get a letter/email. - [US Citizens Suitability for Venture Capital Trusts (VCTs) + Enterprise  Investment Schemes (EIS) in Financial Planning cf PFIC](https://edale.co/us-citizens-suitability-for-venture-capital-trusts-vcts-enterprise-investment-schemes-eis-in-financial-planning/): Explore VCTs and EIS for tax-efficient investing in the UK, their benefits, and why US persons face unique challenges with PFIC and CFC rules. - [UK Pension Annuity when an expat or non-resident](https://edale.co/uk-pension-annuity-when-an-expat-or-non-resident/): Elizabeth's Complicated Access to a UK - [Wealth Quotation](https://edale.co/wealth-quotation/): Receive a personalised illustration to get a guide on fees you may pay to invest in our accounts and how we help can you. - [New client](https://edale.co/join-edale/): Welcome to Edale! To get started with our financial advisory services, we need some essential details to ensure we provide... - [Brite Advisers beneficiary idetification and valuations](https://edale.co/brite-advisers-beneficiary-idetification-and-valuations/): Ensure your identity is verified through Brite Advisors' Identity Proofing to avoid delays in receiving valuation details on your pension or investments. - [Subsidy Control Guidance and Services](https://edale.co/subsidy-control-guidance-and-services/): Advice and tools for public authorities on subsidies and subsidy schemes under the Subsidy Control Act 2022. - [Minimal Financial Assistance Assessment](https://edale.co/minimal-financial-assistance-assessment/): Minimal Financial Assistance rules, with free Minimal Financial Assistance Tool for enterprises to assess their position. - [Subsidy Classification Tool](https://edale.co/subsidy-classification-tool/): Subsidy Classification Tool to determine if your subsidy is a Scheme of Interest or Particular Interest under the Subsidy Control Act 2022 - [Press Coverage and Professional Comment](https://edale.co/press-coverage-and-professional-comment/): Press Cuttings See where Edale’s experts have been quoted in the media. Chance for a new start Publication: Zeit Sprachen... - [IRS Tax Filing Guide for U.S. Citizens in the UK](https://edale.co/us-expat-tax-ris-forms-uk/): Essential IRS tax forms for U.S. expats and dual nationals in the UK. Find forms, descriptions, and download links. - [US Pension (401k) when living in the UK](https://edale.co/us-pension-401k-when-living-in-the-uk/): Whether you've moved to the USA to work (then left) or are an American expat getting advice on your US pension can make a real difference at retirement. - [Blog Subscription](https://edale.co/blog-subscription/): Get notified when content is added to our blog linked to your topic of interest. - [US Pension Assets advised by UK Financial Adviser](https://edale.co/us-pension-assets-advised-by-uk-financial-adviser/): Advice for US retirement accounts like 401(k) and IRA when live in the UK or no-longer resident in America. No minimums and free 1:1 appointment. - [Tax Dates for Dual Citizens (UK/US)](https://edale.co/us-uk-tax-dates/): Knowing key tax dates for US and UK tax filing helps you prepare for what you need to do for... - [Financial Advice Case Studies & Client Testimonials](https://edale.co/financial-advice-case-studies-client-testimonials-us-uk/): Read a selection of testimonials and case studies from a range of US/ UK customers, individuals and corporate clients, who have benefitted from our financial advice. - [Share Save Schemes (SAYE/SIP) transfer to Stocks and Shares ISA](https://edale.co/share-save-schemes-saye-sip-transfer-to-stocks-and-shares-isa/): Transferring employer shares from SAYE or SIP to a Stocks and Shares ISA. investment flexibility and supporting employees including US / UK citizens. - [Financial advice in divorce or separation](https://edale.co/financial-advice-in-divorce-or-separation/): Advice on splitting and managing finances through divorce and for life after separation. Confidential pension, wealth and money advice. - [Financial Discovery Appointment](https://edale.co/financial-discovery-meeting-with-edale/): Tailored financial advice through a comprehensive session designed to align recommendations with your unique financial goals and needs - [US Inheritance needing Medallion Stamps in UK: a guide to certification](https://edale.co/inherit-from-the-us-live-in-the-uk-a-guide/): Inheriting a US IRA as a UK resident? Navigate taxes, Medallion Guarantees, and certifications with ease using this comprehensive guide. - [Needing {{mpg_service}} in {{mpg_town}}?](https://edale.co/mpg_service-mpg_town-mpg_country/): Local adviser. Adviser owned, independent + unbiased, Edale are expert {{mpg_service}} that put your priorities first. Open 8am-8pm. - [Expat financial and investment advice for international people](https://edale.co/wealth-advice/independent-financial-adviser-for-expatriate-clients-uk/): Qualified expat financial advisors based in the UK. Honest, fair, expert + transparent advice accessible to international people. - [Empowering the Next Generation: Our Decade-Long Commitment to Young Professionals](https://edale.co/empowering-the-next-generation-our-decade-long-commitment-to-young-professionals/): The journey of growing alongside clients with professional investment advice for career starters and high fliers - [How Expats in the UK Can Use the UK Lifetime ISA to Save for a House](https://edale.co/how-expats-in-the-uk-can-use-the-uk-lifetime-isa-to-save-for-a-house/): Expat and Americans use of Lifetime ISA for UK house purchase with case study - [How Grandparents Can Financially Support Younger Generations: A Guide to Gifting Money](https://edale.co/how-grandparents-can-financially-support-younger-generations-a-guide-to-gifting-money/): Discover how grandparents can gift money tax-efficiently to grandchildren, maximising benefits through Junior ISAs and Junior SIPPs with strategic financial planning. - [IHT gift tax calculator](https://edale.co/iht-gift-tax-calculator/): The Gift Tax Calculator is a web-based tool designed to help individuals calculate the potential inheritance tax due on gifts... - [How much can I afford to invest per month](https://edale.co/how-much-can-i-afford-to-invest-per-month/): Calculate your disposable income for investments after accounting for expenses. Ensure financial security with an emergency fund. Input your income, savings, and expenses to get started. - [Personal Finance case studies](https://edale.co/personal-finance-case-studies/): A collection of real life personal finance case studies from UK residents, people with visa for the UK. expat living abroad, Brits overseas, and American citizens in the UK. Discover diverse financial strategies and solutions for every life stage, from young professionals to retirees to children. - [Comment and press](https://edale.co/comment-and-press/): Edale financial and business musing in newspapers, trade press and presentations. - [Sharia-compliant investment and islamic financial Advice](https://edale.co/wealth-advice/sharia-compliant-investment-and-islamic-financial-advice/): Discover Sharia-compliant investment solutions with Edale We offer ethical and responsible portfolios tailored to Islamic principles, ensuring your investments align with your faith. Start your journey to ethical investing today. - [Accessible UK Investment Options for US Citizens/Expats](https://edale.co/accessible-uk-investment-options-for-us-citizens-expats/): Outline of products available for Americans that are US Citizens in the UK and want to know what financial products they can use. - [Youth People](https://edale.co/youth-people/): This page contains a video presentation for a tender for Royal Museums Greenwich. - [Social Impact](https://edale.co/socialimpact/): Edale's commitment to social value and impact is reflected in our Social Value Strategy, which enhances community engagement, promotes sustainability, and supports local employment and diversity. - [Consolidating Your ISA, SIPP, and Other Accounts to Edale: A Guide for US Persons Living in the UK](https://edale.co/consolidating-your-isa-sipp-and-other-accounts-to-edale-a-guide-for-us-persons-living-in-the-uk/): As a US person in the UK, learn about transferring your persons, ISA and other accounts seamlessly. - [How Americans Can Use a Lifetime ISA (LISA) to Save for Their First Home](https://edale.co/how-americans-can-use-a-lifetime-isa-lisa-to-save-for-their-first-home/): Explore how young adult American or parents of US children can use a Lifetime ISA (LISA) to save efficiently for a first home in the UK or help their children secure their future - [Advanced Pension Drawdown Calculator](https://edale.co/advanced-pension-drawdown-calculator/): Craft a strategic retirement plan with our Pension Drawdown Calculator. Gain control over your pension pot, explore income flexibility, and visualize your financial future under various scenarios. Perfect for those looking to optimize their retirement savings and understand the impact of their decisions on their long-term financial health. - [Navigating QROPS: help and guidance](https://edale.co/navigating-qrops-help-and-guidance/): UK advice on QROPS for expatriates: bring back to uk. Understand basics, transfers, and common queries. Plain English advice on overseas pensions and planning. - [What should I do with my Brite Advisor investments?](https://edale.co/what-should-i-do-with-my-brite-advisor-investments/): People with investments and cash with Brite Advisors Pty Ltd or their other entities (for example, Brite Advisors Hong Kong... - [Understanding an insurance unit-linked savings plan commitment and product simplification](https://edale.co/understanding-an-insurance-unit-linked-savings-plan-commitment-and-product-simplification/): Unit-linked savings plans are a type of investment that combines savings with life insurance. These plans are tied to various... - [Financial Calculators](https://edale.co/financial-calculators/): A compilation of free financial calculators involving personal finances, investments, debt, retirement, and more, each with related in-depth information. - [Pension Tax Relief Calculator: Maximise Your Savings](https://edale.co/pension-tax-relief-calculator-maximise-your-savings/): Use our Pension Tax Relief Calculator to effortlessly understand how tax relief can reduce the cost of your pension contributions. Tailored for UK and Scottish taxpayers, it shows government top-ups and potential higher-rate claims. Start planning a financially secure retirement today. - [American citizens living in the UK](https://edale.co/american-citizens-living-in-the-uk/): Expert US/UK cross-border financial advice for Americans in the UK. Tailored wealth, retirement, and divorce planning services. - [Calculator to answer "Do I need to report my ISA to the IRS?"](https://edale.co/american-citizens-living-in-the-uk/calculator-to-answer-do-i-need-to-report-my-isa-to-the-irs/): Use our U.S. Tax Reporting Requirements Calculator to navigate your tax obligations for UK ISAs as an American expat. Map IRS forms like FBAR, FATCA, and more - [Dashboard](https://edale.co/customer-area/dashboard/): This page is the private area dashboard for customers. The user icon above allows you to click and edit your... - [Exploring Your UK Pension Access Options When Overseas](https://edale.co/wealth-advice/exploring-your-uk-pension-access-options-when-overseas/): As an expatriate living abroad, receiving correspondence from your UK pension scheme regarding access options can stir a mixture of... - [How to do Due Diligence on an expat adviser](https://edale.co/how-to-do-due-diligence-on-an-expat-adviser/): When considering the services of an expatriate financial adviser, conducting thorough due diligence is paramount to ensuring your financial security... - [Live overseas and getting financial advice when your pension writes to you about options to access it](https://edale.co/live-overseas-and-getting-financial-advice-when-your-pension-writes-to-you-about-options-to-access-it/): As an expatriate living abroad, receiving correspondence from your UK pension scheme regarding access options can stir a mixture of... - [Americans in the UK: investment options](https://edale.co/wealth-advice/usa-residents-and-us-persons-ifa-uk-citizen/): Unlock US/UK investing solutions: Expert advice for Americans in the UK facing FATCA, tax, and regulatory challenges. No minimums + free IFA appointment. - [Financial planning for families in the UK with American connections](https://edale.co/american-citizens-living-in-the-uk/financial-planning-for-families-in-the-uk-with-american-connections/): Frequently asked questions for UK families with American connections covering tax considerations, investment strategies, and complying with both US and UK rules - [ISAs for U.S. Taxpayers in the U.K: A Comprehensive Guide](https://edale.co/american-citizens-living-in-the-uk/isas-for-u-s-taxpayers-in-the-u-k-a-comprehensive-guide/): Should you get an ISAs as an American in the UK? Answers to all the questions an US expat could have about saving while in the UK. - [Resources to assist with sales and access to finance](https://edale.co/accelerate/resources-to-assist-with-sales-and-access-to-finance/): The following table summarises some of the resources that Edale signpost to help businesses generate sales leads/channels or to track... - [Saving and investing where your child's an American citizen in the UK](https://edale.co/wealth-advice/saving-and-investing-where-your-child-an-american-citizen-in-the-uk/): Saving for a sibling or children in the UK is a wise decision but if they are American citizens or... - [Case Study Interview](https://edale.co/case-study-interview/): Book your case studies directly at a time that suits you. - [DigitalCity SCALE 2023](https://edale.co/scale/): The DigitalCity SCALE programme has been designed for digital business leaders in the Tees Valley to equip them with the... - [AIM for GOLD grant resources](https://edale.co/a4g/): Here are aids to assist with the development of a precise and articulate grant application. These aids accompany the workshop... - [Aids for Clean Growth UK](https://edale.co/aids-for-clean-growth-uk/): Here are aids to assist with the development of a precise and articulate business plan. These aids accompany the workshop... - [Worcester Jubilee filming](https://edale.co/worc-jubilee/): Montage Video Final Docu Film Final - [Experts in Residence for Finance](https://edale.co/bizgateway-finance/): Book your 1 hour advice clinic Book your free apointment with Edale through this form. You need to have completed... - [Book business support](https://edale.co/book-business-support/): Book your initial meeting and diagnostic session with Edale through this form. This connects to our live diaries so you... - [Experts in Residence for Marketing and Finance](https://edale.co/experts-in-residence-for-marketing-and-finance/): Book your 1 hour advice clinic Book your free apointment with Edale through this form. You need to have completed... - [Business advice appointment](https://edale.co/contact-us/discovery-appointment/): Book a business advisory appointment with Edale through this form. Frequently asked questions - [WINN](https://edale.co/winn-marketing/): This page contains marketing materials in development for WINN Innovation. - [Peer networks 1:1 session](https://edale.co/peer-networks-11-session/): Peer networks offer 3. 5 hours of one to one business support per company. Book your sessions below. You may... - [Financial Advice appointment](https://edale.co/financial-advice-appointment/): Book your free apointment with Edale through this form. Frequently asked questions - [Our brands](https://edale.co/our-brands/): Innovating and always tinkering Since 2014 Edale has been involved in a range of initiatives to grow new businesses, take... - [Investment Services](https://edale.co/investment-services-philosophy-family-venture/): Investment philosophy to work and sweat money during the good years and be cushioned in stock or bond dips. Investment services that deliver. - [Creative Fuse Bounce Back Funding](https://edale.co/creative-fuse-bounce-back-funding/): The Creative Fuse Tees Valley masterclass series have been designed to help established SMEs and incorporated non-profits in the creative,... - [Prosper through peer sessions and 1:1 advice](https://edale.co/cwlep-peer-network/): Connect with other business owners and work through issues you face and grow together. Join our creative or hospitality weekly... - [DigitalCity Investment Readiness](https://edale.co/digitalcity-investment-readiness/): A short, sharp Investor Readiness programme to help you demystify and prepare for potential investment, whether that be now or in the... - [Prowad Link booking](https://edale.co/prowad-link-booking/): Linking sustainable growth & nature protection – The Interreg VB project PROWAD LINK aims to unlock the potential of natural... - [Enterprising Worcestershire](https://edale.co/enterprising-worcestershire-marketing/): This page contains marketing materials in development for Enterprising Worcestershire. - [Here2Help Marketing + Communications Booking](https://edale.co/here2help-bookings/): Here2Help Marketing + Communications Worcestershire County Council Here2Help Business programme in response to the COVID-19 pandemic. Extended due to lockdowns... - [Understanding surrender value for offshore insurance savings plan](https://edale.co/understanding-surrender-value-for-offshore-insurance-savings-plan/): An investor that has a regular savings plan from an offshore insurance company (or a lump sum portfolio bond) may... - [The Community Housing Group](https://edale.co/the-community-housing-group/): This page contains marketing materials in development for The Community Housing Group. - [Expats returning to the UK](https://edale.co/homebound/): When returning to the UK you need to avoid expensive mistakes and ensure personal finances are in order. This article... - [Clean Growth UK working page](https://edale.co/clean-growth-uk-working-page/): This page contains marketing materials in development for Clean Growth UK. - [Financial care](https://edale.co/financial-care/): [LIVE] dvice for workplace finances, personal finance, details on government support and more through coronavirous pandemic. - [Enterprising Worcestershire](https://edale.co/enterprising-worcestershire/): Strategic and tactical routes to market. Win customers. Sell more.Workshops for Worcestershire firms to learn tips to mobilse sales and attract customers - [Bookings](https://edale.co/bookings/): Book your services with Edale through this form. - [Checkout-Result](https://edale.co/stripe-checkout-result/): We shall be in contact where your order concerns financial advice. - [Business financial advice](https://edale.co/business-financial-advice/): Financial advice for company directors and the firm. Edale has a range of services to support business leaders and their... - [Retired and later life financial planning](https://edale.co/private-client/retired-and-later-life-financial-planning/): Make sure your finances keep pace in your retirement years Life expectancy is increasing by 2. 5 years every decade.... - [Fixed Maturity Plans](https://edale.co/fixed-maturity-plans/): Call Whatsapp Online chat Secure message Email Office - [Suspended fund monitor](https://edale.co/wealth-advice/investment-services/suspended-fund-monitor/): Call Whatsapp Online chat Secure message Email Office - [Documents](https://edale.co/mdocuments-library/): Call Whatsapp Online chat Secure message Email Office - [Clean Growth UK](https://edale.co/accelerate/clean-growth-uk/): Call Whatsapp Online chat Secure message Email Office - [Knowing you](https://edale.co/id/): Edale needs to know and verify our customers. Id verification Use your smart phone to get a photo of your... - [Invest East](https://edale.co/accelerate/invest-east/): Invest East is a high-growth small and medium-sized enterprises (SME) business support programme for Norfolk and Suffolk, part-funded by the... - [Forms](https://edale.co/forms/): Edale works electronically to reduce waste and for the efficiency of our clients. - [Letter of appointment](https://edale.co/forms/appointment/): This digital form allows for the appoint of a new adviser. Complete the form and a signed letter will be... - [Accelerate BSEEN](https://edale.co/accelerate/bseen/): BSEEN Start-up training tender Turn the volume on, grab a cuppa. Credits Audio: Dono songs Video and pictures: pixabay - [Enterprise development](https://edale.co/accelerate/): Real life investment experience to greatly improve your ability to attract investment for your business - [Get an investment quote](https://edale.co/3-steps-to-advice/): Get financial advice and find the best investment opportunities - [Submission recieved](https://edale.co/submission-recieved/): Call Whatsapp Online chat Secure message Email Office - [Online financial review](https://edale.co/private-client/investment-woes-enjoy-better-investments%e2%80%8e/): Make an appointment online for investment advice! For large investments. Specialized consultations. - [Contact methods](https://edale.co/contact-methods/): Call Whatsapp Online chat Secure message Email Office - [Form Page](https://edale.co/portal/form-page/): Call Whatsapp Online chat Secure message Email Office - [Consulting](https://edale.co/consulting/): Use Edale skills when you need to monitor, manage and care for your financial assets - [Statements](https://edale.co/statements/): Compliance statements from Edale UK Management - [FlexGlobal Redemption Form](https://edale.co/flexglobal-redemption-form/): Call Whatsapp Online chat Secure message Email Office - [FlexGlobal Investment Switch Form](https://edale.co/flexglobal-investment-switch-form/): Call Whatsapp Online chat Secure message Email Office - [Risk Profiler](https://edale.co/risk-profiler/): Call Whatsapp Online chat Secure message Email Office - [Terms](https://edale.co/terms/): Call Whatsapp Online chat Secure message Email Office - [FlexGlobal Application](https://edale.co/flexglobal-application/): Best International Practice in Asset Management/Life Products/Bonds International Fund & Product Awards 2017 Best Best-Practice in Offshore International Fund &... - [Improve the service and management of your existing investment plan](https://edale.co/transfer-international-savings-plan/): If you have lost contact with your expat advisor or just looking for a change, contact us and use an cross border advisor to stay on track. - [Utmost (formerly Generali) switching](https://edale.co/generali-switching/): Best International Practice in Asset Management/Life Products/Bonds International Fund & Product Awards 2017 Best Best-Practice in Offshore International Fund &... - [Awards](https://edale.co/awards/): Best International Practice in Asset Management/Life Products/Bonds International Fund & Product Awards 2017 Best Best-Practice in Offshore International Fund &... - [Rate us](https://edale.co/rate-us/): Best International Practice in Asset Management/Life Products/Bonds International Fund & Product Awards 2017 Best Best-Practice in Offshore International Fund &... - [Website terms and conditions](https://edale.co/website-terms-and-conditions/): Best International Practice in Asset Management/Life Products/Bonds International Fund & Product Awards 2017 Best Best-Practice in Offshore International Fund &... - 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[Staff Profile](https://edale.co/portal/staff-profile/): Best International Practice in Asset Management/Life Products/Bonds International Fund & Product Awards 2017 Best Best-Practice in Offshore International Fund &... - [Payment Process](https://edale.co/portal/payment-process/): Best International Practice in Asset Management/Life Products/Bonds International Fund & Product Awards 2017 Best Best-Practice in Offshore International Fund &... - [Investment Services](https://edale.co/wealth-advice/investment-services/): Best International Practice in Asset Management/Life Products/Bonds International Fund & Product Awards 2017 Best Best-Practice in Offshore International Fund &... - [](https://edale.co/1067-2/): Best International Practice in Asset Management/Life Products/Bonds International Fund & Product Awards 2017 Best Best-Practice in Offshore International Fund &... - [Our clients](https://edale.co/about-us/our-clients-dual-citizens-expats-locals/): Where our clients are located and Edale client ratings + testimonials - [Where does the name Edale originate?](https://edale.co/about-us/where-does-the-name-edale-originate/): Edale is a town and valley located in the centre of England. Edale’s name reflects its namesake’s strong environment, adept... - [Model Portfolio Service for international financial advisers](https://edale.co/wealth-advice/model-portfolio-service-for-international-financial-advisers/): Edale's Model Portfolio Service (MPS) allows international financial advisers and their clients around the world to access independent third partyRead... - [Serenity Sukuk Performance Chart](https://edale.co/serenity-sukuk-performance-chart/): one - [History of Edale](https://edale.co/history-of-edale/): Our core services Where does the name Edale originate? Edale is a town and valley located in the centre of... - [home](https://edale.co/): Services to care for financial and business assets across financial advice, investment services, SME acceleration and creative design. - [Income from asset backed securities](https://edale.co/wealth-advice/sharia-compliant/income-from-asset-backed-securities/): Introduction to Sukuk and use in portfolios for income - [Introduction to Salam Pax Funds](https://edale.co/introduction-to-salam-pax-funds/): Salam Pax SICAV contains Funds that can be blended to create individual investment strategies to satisfy ethical and islamic investors. - [Private Client](https://edale.co/private-client/): Comprehensive financial planning and personalised advice for private clients. Our expert team provides tailored financial plans with no minimums. - [Secure Page 570 Asset Management](https://edale.co/secure-page-570-asset-management/): Call Whatsapp Online chat Secure message Email Office - [Wealth Advice](https://edale.co/wealth-advice/): Wealth Advice on investments: from establishing portfolios, picking securities and funds, monitoring investments through to caring for accumulated wealth. - [Sharia Cash Research](https://edale.co/sharia-cash-research/): Call Whatsapp Online chat Secure message Email Office - [Team](https://edale.co/about-us/team/): Introduction to team members and investment advisory panel - [Newsletter](https://edale.co/newsletter/): Call Whatsapp Online chat Secure message Email Office - [Exquisite investments and advisory services](https://edale.co/financial-marketing-and-advice/): Edale group provides advice to institutions and wealthy individuals. Specialists in offshore, middle east, and sharia compliant investments. - [Contact Us](https://edale.co/contact-us/): Call Whatsapp Online chat Secure message Email Office - [Disclaimer](https://edale.co/disclaimer/): Call Whatsapp Online chat Secure message Email Office - [About us](https://edale.co/about-us/): Information on Edale Investments, Edale Enterprises and what we offer our important clients, - [Sharia Compliant](https://edale.co/wealth-advice/sharia-compliant/): Call Whatsapp Online chat Secure message Email Office --- ## Posts - [The Social Security Fairness Act: The Effects on Non-Resident Retirees repealing WEP + GPO](https://edale.co/social-security-fairness-act-impact-wep-gpo-non-resident/): Discover how the Social Security Fairness Act impacts public sector overseas retirees by repealing WEP and GPO. - [High Earners Dilemma: Avoiding Income Tax Traps](https://edale.co/high-earners-dilema-avoiding-income-tax-traps/): How the 60% tax trap + pension taper relief impacts £100k+ earners, reducing personal allowance and increasing tax bills. Tips to manage effectively. - [A Tale of Two Taxmen: How the UK and US View Tax Wrappers](https://edale.co/a-tale-of-two-taxmen-how-the-uk-and-us-view-tax-wrappers/): Explore UK and US tax views on ISAs, pensions, IRAs, PFICs, and Non-Reporting Funds for expats. Understand cross-border tax views through a simple lens. - [Actions on beneficiaries for Brite Adviser liquidation](https://edale.co/actions-on-beneficiaries-for-brite-adviser-liquidation/): Call Whatsapp Online chat Secure message Email Office - [What could some of the budget changes be in Oct 2024?](https://edale.co/what-could-some-of-the-budget-changes-be-in-oct-2024/): Fireside reflections on possible UK Inheritance and Capital Gains Tax changes for 2024 budget, illustrating their impact on personal finances. - [Case Study: Navigating Complex US Inheritance Paperwork for a UK Beneficiary](https://edale.co/case-study-navigating-complex-us-inheritance-paperwork-for-a-uk-beneficiary/): Advising a UK-based client complete US inheritance paperwork, clarifying financial terms, navigating IRA and annuity forms, and practical solutions. - [Cash distribution plans and client statements for Brite Advisors](https://edale.co/cash-distribution-plans-and-client-statements-for-brite-advisors/): Timeline for distributions to Brite Advisors beneficiaries with key steps snd dates - [Growing into Our Teenage Years](https://edale.co/growing-into-our-teenage-years/): A review as we enter the teenage years of being in an owner operated independent business - [Understanding Retirement Accounts: SIPP vs. IRA vs. 401(k) for UK and US Residents when in the UK](https://edale.co/understanding-retirement-accounts-sipp-vs-ira-vs-401k-for-uk-and-us-residents-when-in-the-uk/): Compare SIPPs, IRAs, & 401(k)s for UK / US residents. Covering contribution limits, age rules, withdrawals, RMDs, + inheritance considerations to optimise your retirement savings strategy. - [RSU awards for employees and financial advice](https://edale.co/rsu-awards-for-employees-and-financial-advice/): Learn how Restricted Stock Units (RSUs) are taxed for UK employees, including PAYE withholding, income tax, NICs at vesting, and capital gains tax at sale. Understand remittance-based taxation for non-domiciled individuals. - [Case Study: How One Individual Maximised Cash Returns by Consolidating Funds](https://edale.co/case-study-how-one-individual-maximised-cash-returns-by-consolidating-funds/): Call Whatsapp Online chat Secure message Email Office - [Case Study: How a US-UK Family Secured Their Children's Financial Future with ISAs](https://edale.co/case-study-how-a-us-uk-family-secured-their-childrens-financial-future-with-isas/): Learn how a US-UK family set up ISAs for their children despite dual citizenship challenges, ensuring financial growth with Edale’s expert advice and a cost-effective savings plan. - [Case Study: Strategic Retirement Planning for a Dual-Income Business Owner](https://edale.co/case-study-title-strategic-retirement-planning-for-a-dual-income-business-owner/): Learn how a business owner optimised profit extraction and retirement savings through strategic planning and professional advice, managing dual income streams efficiently. - [Clear(er) path to clients getting money from Brite Advisors](https://edale.co/clearer-path-to-clients-getting-money-from-brite-advisors/): Brite Advisors' receivership update: A digest how the latest court orders and asset reconciliation will help beneficiaries receive their funds quicker. - [Milestone Update for Beneficiaries of Brite Advisors Pty Ltd](https://edale.co/milestone-update-for-beneficiaries-of-brite-advisors-pty-ltd/): The main developments for people with money in Brite Advisors Pty Ltd and wanting to know whats happening written in plain English. - [Brite Advisors liquidation: May 2024 Progress for Members and Beneficiaries](https://edale.co/latest-guidance-on-brite-advisor-investments/): A digest on the May 2024 updates on Brite Advisors' liquidation process. Useful for beneficiaries, members, and trustees and importance in participating in upcoming surveys. - [Investment Options Offered by Edale for US UK citizens for ISA, GIA, IRA](https://edale.co/investment-portfolios-us-persons/): Explore Edale's diverse investment strategies for US/UK citizens, offering equity and bond options tailored for long-term growth and diversification - [US / UK citizens invest without the hurdle of a minimum portfolio size](https://edale.co/easy-us-uk-investment-and-savings/): Handheld investment +financial advice without hurdles. Simple and solid advice for any American trying to invest while in the UK. - [Guidance on reporting for our American SIPP for US Persons (USA residents/citizens)](https://edale.co/guidance-on-reporting-for-our-american-sipp-for-us-persons-usa-residents-citizens/): Explore the crucial aspects of SIPP reporting for U.S. persons, including insights on FATCA, FBAR, and PFIC regulations. Understand how international pension schemes like SIPPs interact with U.S. tax laws, ensuring compliance and strategic financial planning. - [Navigating the Tax Maze: Strategies for American Expats Under the Scrutiny of the IRS and HMRC](https://edale.co/navigating-the-tax-maze-strategies-for-american-expats-under-the-scrutiny-of-the-irs-and-hmrc/): Discover tax strategies for US expats in the UK, navigating IRS & HMRC rules with expert advice to avoid pitfalls and optimize investments. - [Bridging Financial Gaps: The New Era of Junior ISA for American Families in the UK](https://edale.co/bridging-financial-gaps-the-new-era-of-junior-isa-for-american-families-in-the-uk/): Call Whatsapp Online chat Secure message Email Office - [Maximizing Social Care Finance: The Key Role of Independent Financial Advisers in UK Council Services](https://edale.co/maximizing-social-care-finance-the-key-role-of-independent-financial-advisers-in-uk-council-services/): Explore the crucial role of independent financial advisers to a Council's Appointee and Deputyship Services within Adult Social Care Finance. - [Financial advice for a range of American professionals in the UK](https://edale.co/financial-advice-for-a-range-of-american-professionals-in-the-uk/): Call Whatsapp Online chat Secure message Email Office - [Understanding Offshore Insurance Savings Schemes: Pros and Cons of Unit-Linked Insurance Investment Plans](https://edale.co/understanding-offshore-insurance-savings-schemes-pros-and-cons-of-unit-linked-insurance-investment-plans/): Call Whatsapp Online chat Secure message Email Office - [Managing Your Offshore Insurance Savings Scheme: Evaluating Your Options and Making Informed Decisions](https://edale.co/managing-your-offshore-insurance-savings-scheme-evaluating-your-options-and-making-informed-decisions/): Call Whatsapp Online chat Secure message Email Office - [What to do with my offshore insurance scheme](https://edale.co/what-to-do-with-my-offshore-insurance-scheme/): Call Whatsapp Online chat Secure message Email Office - [Heading to work abroad, financial considerations](https://edale.co/heading-to-work-abroad-financial-considerations/): Call Whatsapp Online chat Secure message Email Office - [What to Do with 50% Remaining on Your Unit-Linked Life Plan](https://edale.co/what-to-do-with-50-remaining-on-your-unit-linked-life-plan/): Call Whatsapp Online chat Secure message Email Office - [Maximizing Your Return to the UK: Expert Financial Advice for Brits Abroad Returning Home](https://edale.co/maximizing-your-return-to-the-uk-expert-financial-advice-for-brits-abroad-returning-home/): Call Whatsapp Online chat Secure message Email Office - [Returning to the UK? Get Expert Financial Advice from a UK firm (outsiders are not permitted to advise you)](https://edale.co/returning-to-the-uk-get-expert-financial-advice-from-a-uk-firm-outsiders-are-not-permitted-to-advise-you/): Call Whatsapp Online chat Secure message Email Office - [Expert money market offering](https://edale.co/expert-money-market-offering/): Call Whatsapp Online chat Secure message Email Office - [UAE residents returning to the UK, financial considerations](https://edale.co/uae-residents-returning-to-the-uk-financial-considerations/): Call Whatsapp Online chat Secure message Email Office - [Why Expats Should Choose a Good Jurisdiction for Savings: Mitigating Risks in Emerging Markets](https://edale.co/why-expats-should-choose-a-good-jurisdiction-for-savings-mitigating-risks-in-emerging-markets/): Call Whatsapp Online chat Secure message Email Office - [Expats Understanding Inheritance and Estate Planning under Islamic Law](https://edale.co/expats-understanding-inheritance-and-estate-planning-under-islamic-law/): Call Whatsapp Online chat Secure message Email Office - [Reasons why Americans in the UK or US/UK citizens may wish to consolidate their pensions](https://edale.co/reasons-why-americans-in-the-uk-or-us-uk-citizens-may-wish-to-consolidate-their-pensions/): Call Whatsapp Online chat Secure message Email Office - [Pension consolidation rundown](https://edale.co/pension-consolidation-rundown/): Call Whatsapp Online chat Secure message Email Office - [End of tax return day still brings pension thinking](https://edale.co/end-of-tax-return-day-still-bring-pension-thinking/): Call Whatsapp Online chat Secure message Email Office - [Challenges for Americans Living in the UK: Saving Efficiently, Paying Taxes, and More](https://edale.co/challenges-for-americans-living-in-the-uk-saving-efficiently-paying-taxes-and-more/): Call Whatsapp Online chat Secure message Email Office - [You don't need to be a millionaire American in the UK to save sensibly](https://edale.co/you-dont-need-to-be-a-millionaire-american-in-the-uk-to-save-sensibly/): Call Whatsapp Online chat Secure message Email Office - [Avoiding a mess with a suitable Investment Strategy for American Expats' and Children with US citizenship](https://edale.co/avoiding-a-mess-with-a-suitable-investment-strategy-for-american-expats-and-children-with-us-citizenship/): Call Whatsapp Online chat Secure message Email Office - [Lockdowns and workouts](https://edale.co/lockdowns-and-workouts/): Call Whatsapp Online chat Secure message Email Office - [First structural fund uses for business support post Brexit](https://edale.co/first-structural-fund-uses-for-businesses-post-brexit/): Call Whatsapp Online chat Secure message Email Office - [A case study on pitching](https://edale.co/a-case-study-on-pitching/): Call Whatsapp Online chat Secure message Email Office - [Advancing your business through Technology Readiness Levels and associated Investment Readiness Levels](https://edale.co/advancing-your-business-through-technology-readiness-levels-and-associated-investment-readiness-levels/): Call Whatsapp Online chat Secure message Email Office - [Free marketing advice (funded by the Council) for Worcestershire businesses](https://edale.co/free-marketing-advice-funded-by-the-council-for-worcestershire-businesses/): Call Whatsapp Online chat Secure message Email Office - [Seven 6 second statements on budget detail smaller companies need to know](https://edale.co/seven-6-second-statements-on-budget-detail-smaller-companies-need-to-know/): Call Whatsapp Online chat Secure message Email Office - [Self-employed financial adviser opportunities](https://edale.co/self-employed-financial-adviser-opportunities/): Call Whatsapp Online chat Secure message Email Office - [Focusing on action and outcomes with TOWS](https://edale.co/focusing-on-action-and-outcomes-with-tows/): Call Whatsapp Online chat Secure message Email Office - [Reasons to move from an international adviser and avoid a DIY approach to financial repatriation to the UK](https://edale.co/uk-homebound-financial-advice/): Reasons to move from an international adviser and avoid a DIY approach if repatriation to the UK - [UK Treasury funds for innovator firms](https://edale.co/uk-treasury-funds-for-innovator-firms/): Coronavirus loans and grant support for startup and high growth innovators from Innovate UK and Future Fund - [Financial Response clinics](https://edale.co/clinics/): Free 1:1 clinics in times of social distancing, self-isolation and economic closedown. Is your financial plan in order? - [Business rates support](https://edale.co/business-rates-support/): Call Whatsapp Online chatRead more "Contact methods" - [Firms paying sick pay to employees](https://edale.co/firms-paying-sick-pay-to-employees/): Call Whatsapp Online chatRead more "Contact methods" - [Coronavirus Business Interruption Loan Scheme](https://edale.co/coronavirus-business-interruption-loan-scheme/): Temporary Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank - [Defer taxes due or payable](https://edale.co/defer-taxes-due-or-payable/): Call Whatsapp Online chatRead more "Contact methods" - [January Sale - No initial fees [limited offer]](https://edale.co/january-2020-sale/): Call Whatsapp Online chatRead more "Contact methods" - [Should I invest or pay off my mortgage?](https://edale.co/should-i-invest-or-payoff-my-mortgage/): Call Whatsapp Online chatRead more "Contact methods" - [Great whizz if IR35 affecting you and going on-payroll to keep more retained profits in your pocket](https://edale.co/great-whizz-if-ir35-effecting-you-and-going-on-payroll-to-put-more-trained-profits-in-your-pocket/): Call Whatsapp Online chatRead more "Contact methods" - [Open all hours, 8 days a week](https://edale.co/open-all-hours-8-days-a-week/): Call Whatsapp Online chatRead more "Contact methods" - [Get 25% (guaranteed) on each investment contribution](https://edale.co/get-25-guaranteed-on-each-investment-contribution/): Call Whatsapp Online chatRead more "Contact methods" - [Busy entrepreneur? Adept at wearing many hats? Got a financial adviser...ooops](https://edale.co/busy-entrepreneur-adept-at-wearing-many-hats-got-a-financial-adviser-ooops/): Call Whatsapp Online chatRead more "Contact methods" - [Nudge theory to be a better saver](https://edale.co/financial-nudge-theory-to-be-a-better-saver/): Improved behaviours to make you a better saver with tips from Edale Investments - [Converting driving license to UAE](https://edale.co/uae-driving-licence/): Call Whatsapp Online chatRead more "Contact methods" - [Edale gets hands on and hands in](https://edale.co/edale-are-hands-on-and-in/): Call Whatsapp Online chatRead more "Contact methods" - [Clean + green acceleration](https://edale.co/clean-green-acceleration/): Call Whatsapp Online chatRead more "Contact methods" - [Edale Accelerate + Edale Investments = Whole Solution](https://edale.co/edale-accelerate-edale-investments-whole-solution/): Call Whatsapp Online chatRead more "Contact methods" - [Edale Accelerate goes east](https://edale.co/edale-accelerate-goes-east/): Call Whatsapp Online chatRead more "Contact methods" - [Is there a business strategy you’ve overlooked?](https://edale.co/is-there-a-business-strategy-youve-overlooked/): Call Whatsapp Online chatRead more "Contact methods" - [Groovin for five years](https://edale.co/groovin-for-five-years/): Call Whatsapp Online chatRead more "Contact methods" - [Winner of spare drawer currency giveaway](https://edale.co/winner-of-spare-drawer-currency-giveaway/): Call Whatsapp Online chatRead more "Contact methods" - [Accelerate opens to boost businesses](https://edale.co/accelerate-opens-to-boost-businesses/): Call Whatsapp Online chatRead more "Contact methods" - [Edale the UK's most popular place to start a walk. Start your investment journey at Edale](https://edale.co/edale-the-uks-most-popular-place-to-start-a-walk-starting-your-investment-journey-at-edale-too/): Get your investment journey underway with Edale - [Generali UAE closing Vision and Choice](https://edale.co/generali-uae-close-regular-savings/): What should a existing policyholder do with Vision and Choice closing and what's the certainty for continued support? - [Taxation of offshore life policies on return to UK](https://edale.co/offshore-policy-on-return-to-uk/): Taxation of offshore life policies on return to UK and earning tax credits on maturing policy - [Our drawer of spare currency paid to a charity of your choice anywhere in the world](https://edale.co/charity-giveaway/): Our drawer of spare currency paid to a charity of your choice anywhere in the world - [You planned. You saved. You dreamed. Now retirement is at hand](https://edale.co/you-planned-you-saved-you-dreamed-now-retirement-is-at-hand/): Call Whatsapp Online chatRead more "Contact methods" - [DIY attestation of UK documents for UAE](https://edale.co/diy-attestation-of-uk-documents-for-uae/): DIY attestation of documents for UAE - [Traffic jams in largest metropolis in southern hemisphere](https://edale.co/investment-road-trip/): Traffic adventures as we visit a new continent in Edale's expanding investment advisor work - [Accolade: Finalist in 17th International Fund & Product Awards](https://edale.co/accolade-finalist-in-17th-international-fund-product-awards/): Call Whatsapp Online chatRead more "Contact methods" - [Edale to join growth accelerator Aug 2016](https://edale.co/edale-to-join-growth-accelerator-aug-2016/): Call Whatsapp Online chatRead more "Contact methods" - [MFEX adds Salam Pax to Fund Platform](https://edale.co/mfex-adds-salam-pax-to-fund-platform/): Call Whatsapp Online chatRead more "Contact methods" - [The debts of government and nations; impact on bond investing](https://edale.co/the-debts-of-government-and-nations-impact-on-bond-investing/): Call Whatsapp Online chatRead more "Contact methods" - [Salam Pax fund range now available via Calastone order routing](https://edale.co/salam-pax-fund-range-now-available-via-calastone-order-routing/): Call Whatsapp Online chatRead more "Contact methods" - [SwissLife expands family takaful investment options with Sukuk Fund](https://edale.co/swisslife-expands-family-takaful-investment-options-with-sukuk-fund/): Swiss Life adds Serenity Sukuk to its investment-linked plan, in partnership with Salam Pax Funds - [Corporate Social Responsibility Accolade](https://edale.co/corporate-social-responsibility-accolade/): finalist in Corporate Social Responsibility Category of the Investment Marketing and Innovation Awards - [Salam Pax Sukuk Fund registered in France and UK](https://edale.co/salam-pax-sukuk-fund-registered-in-france-and-uk/): Salam Pax SICAV announces the registration in France and the UK of the Serenity Sukuk Sub-Fund. - [Liquidation of Deutsche Bank x-tracker ETFs comes as investors move to managed funds](https://edale.co/liquidation-of-deutsche-bank-x-tracker-etf-comes-as-investor-trends-move-to-managed-funds/): Liquidation reduces ETF options for ethical investors and means existing investors will receive cash by the 26 March 2015. What's the impact and choices? - [LHV change in the domicile of the fund](https://edale.co/lhv-change-in-the-domicile-of-the-fund/): Call Whatsapp Online chatRead more "Contact methods" - [Award: Best Asset Management House in Europe](https://edale.co/award-best-asset-management-house-europe/): Call Whatsapp Online chatRead more "Contact methods" - [Third UK Platform adds Salam Pax Funds](https://edale.co/third-uk-platform-adds-salam-pax-funds/): Call Whatsapp Online chatRead more "Contact methods" - [Ethical Fund shortlisted for Fund of Funds of the Year ](https://edale.co/ethical-fund-shortlisted-fund-funds-year/): Shortlisted for Fund of Funds of the Year in MENA Fund Manager magazine's annual performance awards. - [Building an efficient sharia compliant portfolio](https://edale.co/building-sharia-compliant-portfolio/): What is the best way to build a sharia compliant portfolio and what are the best islamic assets to hold? - [Gulf equity market drawback and one year outlook ](https://edale.co/gulf-equity-market-drawback-one-year-outlook/): Call Whatsapp Online chatRead more "Contact methods" - [Middle East’s largest stock market set to open](https://edale.co/middle-easts-largest-stock-market-set-open/): Call Whatsapp Online chatRead more "Contact methods" - [Sharia compliant portfolio management](https://edale.co/sharia-portfolio/): Sharia compliant investment management with third party certification and track record - [New Sharia Compliant Multi Asset Fund](https://edale.co/new-sharia-compliant-multi-asset-fund/): Call Whatsapp Online chatRead more "Contact methods" - [Opinion editorial for Africa Asset Management magazine](https://edale.co/opinion-editorial-africa-asset-management-magazine/): Call Whatsapp Online chatRead more "Contact methods" - [Donation of airmiles to WWF during Earth Hour](https://edale.co/donation-of-airmiles-to-wwf-during-earth-hour/): Call Whatsapp Online chatRead more "Contact methods" - [Qatar group appoints Edale for new project ](https://edale.co/qatar-group-appoints-edale-new-project/): Call Whatsapp Online chatRead more "Contact methods" - [Fund research utilised for Swiss Life Salam-Epargne & Placement product](https://edale.co/fund-research-utilised-swiss-life-salam-epargne-placement-product/): Call Whatsapp Online chatRead more "Contact methods" - [Processus d’investissement de Salam Pax Ethical Fund of Funds](https://edale.co/processus-dinvestissement-de-salam-pax-ethical-funds-of-funds/): Call Whatsapp Online chatRead more "Contact methods" --- ## Testimonials - [Very quick to respond & helpful](https://edale.co/testimonial/very-quick-to-respond-helpful/): Call Whatsapp Online chatRead more "Contact methods" - [Phoned on the off chance. Got very helpful signposting](https://edale.co/testimonial/phoned-on-the-off-chance-got-very-helpful-signposting/): Call Whatsapp Online chatRead more "Contact methods" - [Fantastically knowledgeable help](https://edale.co/testimonial/fantastically-knowledgeable-help/): Call Whatsapp Online chatRead more "Contact methods" - [Questions relating to access to my 401K pension](https://edale.co/testimonial/questions-relating-to-access-to-my-401k-pension/): Call Whatsapp Online chatRead more "Contact methods" - [Really helpful.](https://edale.co/testimonial/really-helpful-testimonial/): Call Whatsapp Online chatRead more "Contact methods" - [Drawing down US pensions from the perspective of a UK resident](https://edale.co/testimonial/drawing-down-us-pensions-from-the-perspective-of-a-uk-resident/): Call Whatsapp Online chatRead more "Contact methods" - [I would highly recommend using Edale.](https://edale.co/testimonial/i-would-highly-recommend-using-edale/): Call Whatsapp Online chatRead more "Contact methods" - [Very thorough and pertinent advice from Lawrie. He has ample patience for someone my age and didn’t make me feel rushed or under pressure.](https://edale.co/testimonial/very-thorough-and-pertinent-advice-from-lawrie-he-has-ample-patience-for-someone-my-age-and-didnt-make-me-feel-rushed-or-under-pressure/): Call Whatsapp Online chatRead more "Contact methods" - [Great meeting!](https://edale.co/testimonial/great-meeting/): Call Whatsapp Online chatRead more "Contact methods" - [We'll be back](https://edale.co/testimonial/well-be-back/): Call Whatsapp Online chatRead more "Contact methods" - [Knowledgeable, concise and accessible.](https://edale.co/testimonial/knowledgeable-concise-and-accessible/): Call Whatsapp Online chatRead more "Contact methods" - [Very polite and friendly and helpful!](https://edale.co/testimonial/very-polite-and-friendly-and-helpful/): Call Whatsapp Online chatRead more "Contact methods" - [Very Helpful Initial Consultation](https://edale.co/testimonial/very-helpful-initial-consultation/): Call Whatsapp Online chatRead more "Contact methods" - [A very useful and professional financial advice service](https://edale.co/testimonial/a-very-useful-and-professional-financial-advice-service/): Call Whatsapp Online chatRead more "Contact methods" - [Knowledgable and helpful, addressed my particular circumstances very well](https://edale.co/testimonial/knowledgable-and-helpful-addressed-my-particular-circumstances-very-well/): Call Whatsapp Online chatRead more "Contact methods" - [Great service and advice.](https://edale.co/testimonial/great-service-and-advice/): Call Whatsapp Online chatRead more "Contact methods" - [Lawrie was very helpful and provided me with some useful guidance on an investment basis. I have tax and financial affairs that are more complex than usual, due to holding multiple citizenships and Lawrie was very knowledgeable and able to answer many of my questions over a 10 minute call.](https://edale.co/testimonial/lawrie-was-very-helpful-and-provided-me-with-some-useful-guidance-on-an-investment-basis-i-have-tax-and-financial-affairs-that-are-more-complex-than-usual-due-to-holding-multiple-citizenships-and-la/): Call Whatsapp Online chatRead more "Contact methods" - [Genuine Concern Eased](https://edale.co/testimonial/genuine-concern-eased/): Call Whatsapp Online chatRead more "Contact methods" - [Really helpful 121 consultation](https://edale.co/testimonial/really-helpful-121-consultation/): Call Whatsapp Online chatRead more "Contact methods" - [Edale were very helpful giving advice about how to handle taxes for US/UK dial citizens living in the UK](https://edale.co/testimonial/edale-were-very-helpful-giving-advice-about-how-to-handle-taxes-for-us-uk-dial-citizens-living-in-the-uk/): Call Whatsapp Online chatRead more "Contact methods" - [Advice on the financial reporting and tax liability for a Junior Isa for my American child.](https://edale.co/testimonial/advice-on-the-financial-reporting-and-tax-liability-for-a-junior-isa-for-my-american-child/): Call Whatsapp Online chatRead more "Contact methods" - [The advice received was explained in a clear, friendly, transparent way, especially using lay person's language to explain technical terms.](https://edale.co/testimonial/the-advice-received-was-explained-in-a-clear-friendly-transparent-way-especially-using-lay-persons-language-to-explain-technical-terms/): Call Whatsapp Online chatRead more "Contact methods" - [Informative and friendly](https://edale.co/testimonial/informative-and-friendly/): Call Whatsapp Online chatRead more "Contact methods" - [Straightforward and efficient](https://edale.co/testimonial/straightforward-and-efficient/): Call Whatsapp Online chatRead more "Contact methods" - [Super helpful guidance from Lawrie which helped to make sense of a multitude of potential US/UK issues. Great signposting and he clearly is well versed in his field.](https://edale.co/testimonial/super-helpful-guidance-from-lawrie-which-helped-to-make-sense-of-a-multitude-of-potential-us-uk-issues-great-signposting-and-he-clearly-is-well-versed-in-his-field/): Call Whatsapp Online chatRead more "Contact methods" - [Very generous time and interest. Advice that I hadn't found anywhere else. Thanks!](https://edale.co/testimonial/very-generous-time-and-interest-advice-that-i-hadnt-found-anywhere-else-thanks/): Call Whatsapp Online chatRead more "Contact methods" - [Super speedy and extremely helpful response!](https://edale.co/testimonial/super-speedy-and-extremely-helpful-response/): Call Whatsapp Online chatRead more "Contact methods" - [Fantastic Service - Thanks so much](https://edale.co/testimonial/fantastic-service-thanks-so-much/): Call Whatsapp Online chatRead more "Contact methods" - [Incredibly helpful and informative.](https://edale.co/testimonial/incredibly-helpful-and-informative/): Call Whatsapp Online chatRead more "Contact methods" - [Excellent, knowledgeable, professional service](https://edale.co/testimonial/excellent-knowledgeable-professional-service/): Call Whatsapp Online chatRead more "Contact methods" - [Very happy with the advice i received.](https://edale.co/testimonial/very-happy-with-the-advice-i-received/): Call Whatsapp Online chatRead more "Contact methods" - [Incredibly valuable free consultation, evaluated our options, suggested new ideas.](https://edale.co/testimonial/incredibly-valuable-free-consultation-evaluated-our-options-suggested-new-ideas/): Call Whatsapp Online chatRead more "Contact methods" - [Very helpful, personalised advice based on my specific situation. highly recommended!!](https://edale.co/testimonial/very-helpful-personalised-advice-based-on-my-specific-situation-highly-recommended/): Call Whatsapp Online chatRead more "Contact methods" - [Would recommend.](https://edale.co/testimonial/griffin/): Call Whatsapp Online chatRead more "Contact methods" - [Great company, provided exactly what I needed](https://edale.co/testimonial/great-company-provided-exactly-what-i-needed/): Call Whatsapp Online chatRead more "Contact methods" - [Most helpful when trying to navigate Accidental American Kids compliance](https://edale.co/testimonial/most-helpful-when-trying-to-navigate-accidental-american-kids-compliance/): Call Whatsapp Online chatRead more "Contact methods" - [Edale Consulting’s knowledge, expertise and professionalism make them an outstanding partner for any organisation looking to explore future skills and workforce development for sustainability.](https://edale.co/testimonial/edale-consultings-knowledge-expertise-and-professionalism-make-them-an-outstanding-partner-for-any-organisation-looking-to-explore-future-skills-and-workforce-development-for-sustainability/): Call Whatsapp Online chatRead more "Contact methods" - [Prompt and helpful](https://edale.co/testimonial/prompt-and-helpful/): Call Whatsapp Online chatRead more "Contact methods" - [It was a pleasure working with Lawrie and Adrian during their evaluation of our cross-border project. They were highly professional and sensitive to the subject matter, as well as curious to find out from participants how the project was for them. I can highly recommend Edale.](https://edale.co/testimonial/it-was-a-pleasure-working-with-lawrie-and-adrian-during-their-evaluation-of-our-cross-border-project-they-were-highly-professional-and-sensitive-to-the-subject-matter-as-well-as-curious-to-find-out/): Call Whatsapp Online chatRead more "Contact methods" - [Bringing clarity to UK/US retirement questions](https://edale.co/testimonial/bringing-clarity-to-uk-us-retirement-questions/): Call Whatsapp Online chatRead more "Contact methods" - [Excellent Service Highly Recommend](https://edale.co/testimonial/excellent-service-highly-recommend/): Call Whatsapp Online chatRead more "Contact methods" - [Quick and effective](https://edale.co/testimonial/quick-and-effective/): Call Whatsapp Online chatRead more "Contact methods" - [Very knowledgeable, great experience with Edale](https://edale.co/testimonial/very-knowledgeable-great-experience-with-edale/): Call Whatsapp Online chatRead more "Contact methods" - [Amazingly helpful](https://edale.co/testimonial/amazingly-helpful/): Call Whatsapp Online chatRead more "Contact methods" - [100% Recommend Edale!](https://edale.co/testimonial/100-recommend-edale/): Call Whatsapp Online chatRead more "Contact methods" - [Everything I needed!](https://edale.co/testimonial/everything-i-needed/): Call Whatsapp Online chatRead more "Contact methods" - [Edale provided exceptional support in evaluating our Digital Pathfinders programme, which served businesses across the North of Tyne region.](https://edale.co/testimonial/edale-provided-exceptional-support-in-evaluating-our-digital-pathfinders-programme-which-served-businesses-across-the-north-of-tyne-region/): Call Whatsapp Online chatRead more "Contact methods" - [Most helpful Knowledge and guidance offered through generosity and sincerity. Deeply appreciated blue ribbon customer service.](https://edale.co/testimonial/most-helpful-knowledge-and-guidance-offered-through-generosity-and-sincerity-deeply-appreciated-blue-ribbon-customer-service/): Call Whatsapp Online chatRead more "Contact methods" - [I had a long conversation with Lawrie Chandler to explore the financial implications of moving my tax residency from the US to the UK. I found his knowledge of the pros and cons very helpful.](https://edale.co/testimonial/i-had-a-long-conversation-with-lawrie-chandler-to-explore-the-financial-implications-of-moving-my-tax-residency-from-the-us-to-the-uk-i-found-his-knowledge-of-the-pros-and-cons-very-helpful/): Call Whatsapp Online chatRead more "Contact methods" - [Professional, knowledgeable, and flexible](https://edale.co/testimonial/professional-knowledgeable-and-flexible/): Call Whatsapp Online chatRead more "Contact methods" - [A Top Professional Financial Advisory Service](https://edale.co/testimonial/a-top-professional-financial-advisory-service/): Call Whatsapp Online chatRead more "Contact methods" - [Approachable, knowledgeable and gave much valued support](https://edale.co/testimonial/approachable-knowledgeable-and-gave-much-valued-support/): Call Whatsapp Online chatRead more "Contact methods" - [I have found Edale very easy to work with and quick to respond to requests.](https://edale.co/testimonial/i-have-found-edale-very-easy-to-work-with-and-quick-to-respond-to-requests-they-were-very-accomodating-in-accelerating-some-of-the-timelines-on-the-work-needed/): Call Whatsapp Online chatRead more "Contact methods" - [I have found this programme to be very helpful and productive.](https://edale.co/testimonial/i-have-found-this-programme-to-be-very-helpful-and-productive/): Call Whatsapp Online chatRead more "Contact methods" - [Professional, competent service provided. End evaluation was comprehensive, thorough and met the brief.](https://edale.co/testimonial/professional-competent-service-provided-end-evaluation-was-comprehensive-thorough-and-met-the-brief/): Call Whatsapp Online chatRead more "Contact methods" - [One of the best funding presentations I've attended](https://edale.co/testimonial/one-of-the-best-funding-presentations-ive-attended/): Call Whatsapp Online chatRead more "Contact methods" - [dual US/UK nationality family](https://edale.co/testimonial/dual-us-uk-nationality-family/): Call Whatsapp Online chatRead more "Contact methods" - [Very efficient and informative.](https://edale.co/testimonial/very-efficient-and-informative/): Call Whatsapp Online chatRead more "Contact methods" - [Edale ran our series of co-creation workshops. They drove the project expertly, building trust with attendees and exceeding the objectives we initially set ourselves.](https://edale.co/testimonial/edale-ran-our-series-of-co-creation-workshops-they-drove-the-project-expertly-building-trust-with-attendees-and-exceeding-the-objectives-we-initially-set-ourselves/): Call Whatsapp Online chatRead more "Contact methods" - [Great meetings, hosted by Adrian the peer group was well balanced and provided plenty of feedback and food for thought](https://edale.co/testimonial/great-meetings-hosted-by-adrian-the-peer-group-was-well-balanced-and-provided-plenty-of-feedback-and-food-for-thought/): Call Whatsapp Online chatRead more "Contact methods" - [Great getting together with like minded people on the programme](https://edale.co/testimonial/great-getting-together-with-like-minded-people-on-the-programme/): Call Whatsapp Online chatRead more "Contact methods" - [It was great...](https://edale.co/testimonial/it-was-great/): Call Whatsapp Online chatRead more "Contact methods" - [A very professional approach.](https://edale.co/testimonial/a-very-professional-approach/): Call Whatsapp Online chatRead more "Contact methods" - [Edale have transformed my business idea into a model that can be made a reality, they are amazing at what they do!](https://edale.co/testimonial/edale-have-transformed-my-business-idea-into-a-model-that-can-be-made-a-reality-they-are-amazing-at-what-they-do/): Call Whatsapp Online chatRead more "Contact methods" - [Very professional, easy to work with, could not ask for a better partnership when investing hard earned money.](https://edale.co/testimonial/very-professional-easy-to-work-with-could-not-ask-for-a-better-partnership-when-investing-hard-earned-money/): Call Whatsapp Online chatRead more "Contact methods" - [The best hour of support ever!](https://edale.co/testimonial/the-best-hour-of-support-ever/): Call Whatsapp Online chatRead more "Contact methods" - [Lots of great material and advice.](https://edale.co/testimonial/lots-of-great-material-and-advice/): Call Whatsapp Online chatRead more "Contact methods" - [Very good and most helpful](https://edale.co/testimonial/very-good-and-most-helpful/): Call Whatsapp Online chatRead more "Contact methods" - [Very pleased with end result](https://edale.co/testimonial/edale-helped-us-develop-a-project-during-the-covid-19-lockdown-and-were-really-helpful-in-coming-up-with-solutions-very-pleased-with-end-result/): Call Whatsapp Online chatRead more "Contact methods" - [Expert advice!](https://edale.co/testimonial/expert-advice/): Call Whatsapp Online chatRead more "Contact methods" - [A highly professional and responsive service delivered under extremely tight timescales](https://edale.co/testimonial/a-highly-professional-and-responsive-service-delivered-under-extremely-tight-timescales/): Call Whatsapp Online chatRead more "Contact methods" - [Experienced business professionals](https://edale.co/testimonial/experienced-business-professionals/): Call Whatsapp Online chatRead more "Contact methods" - [Certainly not "copy and pasted" advice](https://edale.co/testimonial/certainly-not-copy-and-pasted-advice/): Call Whatsapp Online chatRead more "Contact methods" - [Clear and concise intro to funding options for clean growth business.](https://edale.co/testimonial/clear-and-concise-intro-to-funding-options-for-clean-growth-business/): Call Whatsapp Online chatRead more "Contact methods" - [Very knowledgeable and always a pleasure to work with](https://edale.co/testimonial/very-knowledgeable-and-always-a-pleasure-to-work-with/): Call Whatsapp Online chatRead more "Contact methods" - [Excellent! Great advisor.](https://edale.co/testimonial/excellent-great-advisor/): Call Whatsapp Online chatRead more "Contact methods" - [Diligent and responsive!](https://edale.co/testimonial/diligent-and-responsive/): Call Whatsapp Online chatRead more "Contact methods" - [My complications ended when I came across Edale](https://edale.co/testimonial/my-complications-ended-when-i-came-across-edale/): Call Whatsapp Online chatRead more "Contact methods" - [First class service](https://edale.co/testimonial/first-class-service/): Call Whatsapp Online chatRead more "Contact methods" - [Great Service from Edale!](https://edale.co/testimonial/great-service-from-edale/): Call Whatsapp Online chatRead more "Contact methods" - [Thank you](https://edale.co/testimonial/thank-you/): Call Whatsapp Online chatRead more "Contact methods" - [Well worth knowing.](https://edale.co/testimonial/well-worth-knowing/): Call Whatsapp Online chatRead more "Contact methods" - [A meaningful work experience](https://edale.co/testimonial/a-meaningful-work-experience/): Call Whatsapp Online chatRead more "Contact methods" - [Great holistic experience](https://edale.co/testimonial/great-holistic-experience/): Call Whatsapp Online chatRead more "Contact methods" --- # # Detailed Content ## Pages - Published: 2025-06-18 - Modified: 2025-06-18 - URL: https://edale.co/us-pensions-and-brokerage-account-need-for-a-real-address-not-a-false-one/ - Categories: 401k IRA, Expat financial advice - Tags: Americans in the UK For many individuals who have moved outside the United States, the idea of maintaining a US brokerage or 401k pension or IRA account with their former US address might seem like a convenient way to keep their financial affairs simplified. Or if nmove use a friends or families address. After all, you’re still an American citizen (or perhaps a former resident with lingering ties), and you want to keep investing in the familiar US markets. However, this seemingly innocuous act can lead to a host of significant problems, ranging from account freezes and forced liquidations to severe tax penalties and even legal repercussions. Living Abroad? Your "Old" US Address on Your Brokerage Account could be a torpdedo to your financial planning. There are a myriad reasons why using a US address on your brokerage account when you no longer reside in the US is a bad idea, shedding light on the complexities of international finance, regulatory compliance, and tax obligations. Elephant in the Room: Why Brokerage Firms Care Where You Live It might seem illogical that a financial institution cares about your physical location once you've opened an account. However, brokerage firms are subject to a complex web of international regulations and domestic laws that dictate how they can onboard and service clients, particularly those with international connections. These regulations are primarily driven by: Anti-Money Laundering (AML) and Know Your Customer (KYC) Rules: Financial institutions globally are mandated to verify the identity of their clients and understand the source of their funds to prevent illegal activities like money laundering and terrorist financing. Your true residency is a critical piece of this puzzle. Foreign Account Tax Compliance Act (FATCA): This US law requires foreign financial institutions to report information about financial accounts held by US persons to the IRS. Conversely, US financial institutions have obligations regarding non-US persons. Misrepresenting your address can throw a wrench into these reporting mechanisms. International Securities Regulations: Different countries have their own rules about who can invest in their markets and under what conditions. Brokerage firms must comply with both US and foreign regulations. Operational Risk and Cost: Managing accounts for clients in diverse jurisdictions can be administratively complex and costly for brokerage firms. They must understand and comply with local laws, tax treaties, and reporting requirements, which can vary significantly from one country to another. Because of these factors, many US brokerage firms have adopted policies that restrict or outright prohibit individuals not residing in the US from holding accounts, or they impose stringent limitations on the types of investments available to them. The Immediate Dangers: What Happens When They Find Out? The consequences of maintaining a phantom US address can be swift and severe once your brokerage firm discovers your true residency. 1. Account Freezes and Restrictions: This is perhaps the most common immediate consequence. If your brokerage firm detects that you are logging in from a foreign IP address, making transactions from an international bank account, or if your mailing address is deemed suspicious (e. g. , a "care-of" address without sufficient justification), they may flag your account. This can lead to: Temporary Freezes: Your account might be temporarily frozen, preventing you from buying or selling investments, or even withdrawing funds, until you can provide updated and verified residency information. Trading Restrictions: Even if your account isn't fully frozen, you might find that you can no longer purchase certain types of investments, such as US mutual funds, which are often subject to stricter regulations for non-US residents. Many US mutual fund companies have policies preventing their funds from being purchased by non-US residents, including American citizens living abroad, due to compliance complexities. 2. Forced Account Closure and Liquidation: In more serious cases, or if you fail to provide satisfactory proof of US residency, your brokerage firm may opt to close your account entirely. This can involve: Forced Sale of Assets: The firm may unilaterally sell off all your investment holdings, often at market prices that may not be favorable, and then transfer the proceeds to a linked bank account. This can lead to significant capital gains taxes and potentially losses if the market is down. Difficulty Transferring Assets: Transferring assets to a foreign brokerage account or another US brokerage that accepts non-residents can be a complex and time-consuming process, potentially involving additional fees and paperwork. 3. Compliance Violations and Internal Policies: By using a false address, you are likely violating the terms and conditions you agreed to when opening the account. This can give the brokerage firm grounds to take various actions, as they are trying to protect themselves from regulatory penalties. While there's no specific US law stating that expat accounts must be frozen or shut down, it's an internal financial institution policy driven by regulatory risk. The Unseen Hand: Tax Implications and Penalties Beyond the immediate operational issues with your brokerage account, using a false US address can have significant and often complex tax ramifications. 1. State Income Tax Exposure: If you maintain a US mailing address, even if you don't physically reside there, some US states may consider you a resident for tax purposes. This could subject you to state income taxes on your worldwide income, even if you're paying taxes in your actual country of residence. Navigating interstate tax laws for non-residents is notoriously difficult and can lead to unexpected tax bills. 2. Misapplication of Tax Treaties: The US has tax treaties with many countries designed to prevent double taxation. If your brokerage firm believes you are a US resident based on your address, they may not apply the correct withholding tax rates on dividends and other income as dictated by tax treaties. This could lead to: Over-Withholding of Taxes: You might have 30% of your US dividend income withheld, even if a tax treaty with your country of residence would reduce that to 15% or even 0%. Reclaiming this over-withheld tax can be a laborious process, often requiring specialised tax filings. Incorrect Reporting to the IRS: The brokerage firm will report your income and withholdings to the IRS based on the information they have (your US address), which may not accurately reflect your tax residency, potentially leading to discrepancies and audits. 3. Foreign Account Tax Compliance Act (FATCA) Implications: While FATCA primarily targets US persons holding accounts abroad, misrepresenting your residency can create complications. If you're a non-US person using a US address falsely, and the brokerage fails to identify you as such correctly, there may be issues with their FATCA reporting obligations concerning your account. Conversely, if you are a US citizen or Green Card holder living abroad and using a US address to circumvent expat account restrictions, you still have your own FATCA reporting obligations (Form 8938) and FBAR (Report of Foreign Bank and Financial Accounts) requirements, regardless of the address on your brokerage account. Failing to comply can result in substantial penalties. 4. Estate Tax Considerations for Non-US Persons: For non-US citizens who are not considered US residents for estate tax purposes, US situs assets (like US stocks held in a US brokerage account) exceeding a certain threshold ($60,000 for non-resident aliens) can be subject to US estate tax at rates up to 40%. While many non-US persons often avoid US capital gains tax, the estate tax can be a significant trap. Maintaining a US address might, in some complex scenarios, inadvertently strengthen a claim of US domicile, further complicating estate planning. The Legal and Regulatory Quagmire: Beyond Taxes Beyond tax implications, there are other legal and regulatory risks to consider: 1. "Know Your Customer" (KYC) Violations: Brokerage firms are under strict "Know Your Customer" (KYC) regulations, which require them to verify the identity and residency of their clients. Providing a false address is a direct violation of these rules, and it can expose both you and the brokerage to legal issues. 2. Anti-Money Laundering (AML) Scrutiny: Financial institutions are at the forefront of combating money laundering. Unusual account activity, frequent logins from disparate geographic locations, or discrepancies in provided information can trigger AML flags, leading to heightened scrutiny, account reviews, and potentially reporting to financial crime authorities. 3. Access to Legal and Regulatory Protections: Your legal standing and access to investor protection schemes (like SIPC insurance in the US) might be compromised if your true residency is misrepresented. Should a dispute surface, or if the brokerage firm faces financial difficulties, your ability to claim protections could be impacted by your inaccurate residency information. 4. Difficulty with Other Financial Services: The address on your brokerage account might be linked to other US financial services you maintain, such as bank accounts or credit cards. If the brokerage account is flagged or closed, it could trigger reviews of your other accounts, leading to a cascade of problems. The Right Way: Navigating International Investing for Non-Residents So, if using a phantom US address is fraught with peril, what's the correct approach for non-US residents wanting to invest in US markets? 1. Be Transparent with Your Brokerage Firm: The golden rule is honesty. Inform your brokerage firm of your true residential address. While some mainstream US brokers may not accept non-US residents, others do, often with specific requirements and limitations. 2. Seek Out Expat-Friendly Brokerage Firms: A growing number of US and international brokerage firms specialise in catering to American expats and non-US residents. These firms are equipped to handle the complexities of international regulations and reporting. They will require proper documentation of your foreign residency (e. g. , proof of address in your current country, tax identification numbers from your country of residence). 3. Understand Local Regulations and Tax Laws: Before opening an account with any firm, whether US-based or international, thoroughly research the investment regulations and tax implications in your country of residence. Some countries have strict rules about investing abroad, and you'll need to understand your local reporting obligations for foreign assets. 4. Consider International Investment Platforms: Many non-US citizens find it easier to invest in US stocks through international brokerage platforms that are regulated in their country of residence. These platforms often provide access to US equities and ETFs, while ensuring compliance with local laws. 5. Consult with Professionals: This is perhaps the most crucial step. Engage with a qualified international tax advisor and a financial planner specialising in expat or cross-border wealth management. They can help you: Determine your tax residency status accurately. Understand your tax obligations in both the US and your country of residence. Navigate tax treaties to minimise double taxation. Identify suitable brokerage firms and investment products that comply with all relevant regulations. Structure your investments in a tax-efficient manner. Conclusion: Honesty is the Best Policy While the allure of convenience might tempt you to maintain a phantom US address on your brokerage account after moving abroad, the risks far outweigh any perceived benefits. From account freezes and forced liquidations to complex tax issues and potential legal headaches, the consequences can be significant and costly. In an increasingly interconnected and regulated global financial landscape, transparency is paramount. By being upfront about your true residency and seeking out compliant solutions, you can invest in US markets safely and legally, ensuring your financial future remains secure and free from unexpected complications. Don't let a "convenient" lie turn into a financial nightmare. --- - Published: 2025-06-10 - Modified: 2025-06-11 - URL: https://edale.co/appropriateness-assessment/ You requested our investment in a financial product which we consider to be a Complex Financial Instrument. We must evaluate how suitable the investment is for you because the rules set by our regulator (the FCA) require this assessment before we proceed with your instructions. Our instruction requires your confirmation to proceed after we share our assessment results with you. We will perform a reassessment every 3 years to ensure the investments match your needs and objectives with no material changes in your circumstances. What is the appropriateness test?   The appropriateness test examines if your knowledge and experience level allow you to comprehend the product features as well as the investment terms and risks to determine if the investment is suitable for you.  Determining if an investment matches your knowledge and experience level differs from providing advice about whether that investment meets your needs.  We shall not give financial advice on Complex investments.  We will not be able to proceed with our assessment unless you answer all relevant questions.   What defines a Complex Financial Instrument? A complex financial instrument refers to any product that doesn't meet the criteria for a non-complex instrument.  Non-complex financial instruments include shares from recognised stock exchanges and units/shares in UCITS qualifying Collective Investment Schemes, as well as bonds and money market instruments.  Examples include (but are not exclusively limited to): Investments such as Shares in Collective Investment Schemes which lack FCA recognition alongside Warrants and Putable or Convertible bonds form part of the non-mainstream pooled investment category. Thank you for your interest in investing in complex financial instruments with Edale. co. uk. Please complete the following form to help us assess the appropriateness of such investments for you, in compliance with Financial Conduct Authority (FCA) requirements. Your Details Full Name (Client): Email Address: Phone Number: Account Number(s) (if applicable): Account Reference (if applicable): Please confirm you have read and understood the general risk warning notice regarding complex financial instruments: I have read and understood the risk warning notice regarding complex financial instruments. Appropriateness Assessment Questions 1. Investment Objectives and Attitude to Risk Please tick to confirm your investment objectives and attitude to risk concerning complex financial instruments: Warrants and other complex instruments are suitable investment products to help meet my investment objectives and attitude to risk. I understand the nature and mechanics of the product, its pricing valuation, sources of risk, and that underlyings may vary between individual shares, indices, baskets, interest rates, commodities and other types. I understand that I may lose the entirety of my original investment. I am aware that the instrument will invariably be cash rather than physically settled, meaning that I will not take delivery of the underlying asset. My investment needs and priorities include leverage and/or hedging and/or cash extraction and/or diversification using derivatives. The statement above is not applicable to me. 2a Investing Experience and Expertise Please tick all that apply regarding your investing experience and expertise in derivative products: I am an investor experienced and sufficiently expert in dealing in equities and/or other similar investment instruments, and understand the complexities of warrants and other complex instruments and I am able to assess the risks involved in dealing in them, including the potential price volatility and the possibility that I may lose my capital. I have attended relevant course(s) and/or seminar(s) on warrants and/or derivative products that have given me the necessary knowledge and expertise to understand the complexities of warrants and other complex instruments and am able to assess the risks involved in dealing in them, including the potential price volatility and the possibility that I may lose my capital. I have previous experience and sufficient expertise of derivative products such as traded futures and options, contracts for difference or spread betting and understand the complexities of warrants and other complex instruments and am able to assess the risks involved in dealing in them, including the potential price volatility and the possibility that I may lose my capital. I do not meet any of the criteria set out above. 2b Trading Frequency Typically, I deal, on an execution-only basis, in securities (e. g. , shares, exchange-traded funds, unit trusts, corporate bonds, gilts) or derivatives the following number of times per annum (this trading activity need not have been exclusively with one broker): 51+26-5016-256-155 or fewer 2c Trading Duration I have been trading for the following number of years (this trading activity need not have been exclusively with one broker): 10+ years5-10 years3-5 years1-3 yearsLess than 1 year Please select all investment types which you are intending to invest in and confirm that you have read the relevant section in Appendix 1 for each asset category: I intend to invest in Exchange Traded Products YesNo I intend to invest in Non mainstream pooled investments YesNo I intend to invest in Warrants YesNo I intend to invest in Non-readily realisable investments YesNo I intend to invest in Complex Bonds YesNo Specific Instrument Knowledge Do you understand that included in a Warrant price is an element called time value and that as a Warrant nears expiry this element will decrease through a process called time decay? YesNo Do you understand that you may not be able to obtain a clear price for this investment due to lack of liquidity? YesNo Do you understand that there may be penalties for early redemption? YesNo Do you understand that investments in securities and derivatives, in general, are subject to market risks that may cause their prices to fluctuate over time? YesNo Do you understand that Warrants can be volatile due to changes in the price of the underlying security? YesNo Do you understand that you may not be able to dispose of the holding at the time you choose due to lack of liquidity? YesNo Do you understand that you may not be able to access your investment at short notice, should you require access to the funds invested? YesNo Do you understand that there can be no assurance that an active trading market for the ETP’s shares will be available at the time you choose to dispose of the holding, which can impact your ability to dispose of the holding? YesNo Do you understand that the more an ETP invests in leveraged derivative instruments, the more this leverage will magnify any losses on those investments, e. g. the value of the ETP’s shares will tend to increase or decrease more than the value of any increase or decrease in its Underlying Index? YesNo Client Declaration and Signature I acknowledge that this appropriateness test is in place for my protection and confirm that the answers I have provided are truthful. I understand the risks involved in dealing in complex instruments, and declare that I have sufficient knowledge about the product and am able to assess the merits and declare that the product is appropriate in relation to my investment needs and abilities. I also confirm that complex instruments are suitable given my investment objectives and attitude to risk and that I meet at least one of the experience and expertise conditions above, as indicated by a tick in the relevant boxes. I agree to the above declaration. Signed (Type Your Full Name): Date: --- - Published: 2025-06-06 - Modified: 2025-06-06 - URL: https://edale.co/uk-financial-products-to-causes-headaches-to-american-citizens-bonds-vcts-eis-sesi-isas/ Most British advice to expats in the UK is inherently "UK-centric," designed for individuals whose tax obligations begin and end with HMRC. This presents a significant disconnect for US citizens, who remain firmly tethered to the Internal Revenue Service (IRS) tax reporting requirements on their worldwide income and assets. Consequently, popular and seemingly straightforward UK financial products can transform into administrative nightmares and unexpected tax traps for Americans, leading to costly mistakes if not approached with a deep understanding of both jurisdictions' tax rules and cross-border advice. Look at the rest of our site for views on ISAs. Let's explore some UK financial products and the unique challenges they present to Americans. The PFIC Predicament: A Central Concern The anchor for most headaches is the Passive Foreign Investment Company (PFIC) regime. This punitive US tax regime is designed to discourage US persons from deferring US tax on passive investment income earned through certain non-US entities. The core issue is that many standard UK investment vehicles, which are perfectly normal and tax-efficient for UK residents, are treated as PFICs by the IRS. When a US person holds an interest in a PFIC, they are subject to complex and often unfavourable tax treatment, including: Excess Distributions: Distributions from a PFIC are generally taxed at the highest ordinary income tax rate in effect for the year, plus an interest charge to "compensate" the US government for the tax deferral. Mark-to-Market Election: While an election can sometimes be made to mark the PFIC to market annually (taxing unrealized gains as ordinary income), this adds complexity and can lead to significant annual tax liabilities even without distributions. Complex Reporting: Owning a PFIC necessitates filing Form 8621, "Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund," which is notoriously complex and time-consuming. Probably the largest drama for US Citizens with PFICs is the annual reporting administration. PFIC Reporting The reporting obligations for Passive Foreign Investment Companies (PFICs) are complex and burdensome for US citizens. The primary vehicle for this reporting is IRS Form 8621, "Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. " Here's a breakdown of the key reporting obligations and what US taxpayers need to know: 1. Who Must File Form 8621? Generally, a US person (which includes US citizens and green card holders, regardless of where they live) who owns shares, directly or indirectly, in a PFIC must file Form 8621. This applies in several scenarios: Direct or Indirect Ownership: If you directly own shares in a PFIC. Indirect ownership also counts, for example, if you own a foreign partnership that holds PFIC shares, or if your PFIC is held through another non-US entity or account (like a UK investment bond that invests in collective funds). Receiving Distributions: If you receive any direct or indirect distributions from a PFIC. Recognising Gain on Disposition: If you recognise a gain on the direct or indirect disposition (sale, exchange, or other transfer) of PFIC stock. Making Elections: If you are reporting information with respect to a Qualified Electing Fund (QEF) or a Section 1296 Mark-to-Market election (more on these below). Meeting Thresholds: Even if you don't receive distributions or dispose of shares, you generally must file if the aggregate value of all your PFIC holdings exceeds certain thresholds. For single filers or married filing separately, this is typically $25,000 at year-end or $50,000 at any time during the year. For married filing jointly, it's $50,000 at year-end or $100,000 at any time during the year. For US persons living abroad, these thresholds are higher: $200,000 ($400,000 for joint filers). 2. When and How to File Annual Filing: Form 8621 must be filed annually with your federal income tax return (e. g. , Form 1040 for individuals). Separate Form for Each PFIC: This is a critical point of complexity. You generally need to file a separate Form 8621 for each individual PFIC you hold. There is no aggregation allowed for different PFICs, even if they are held in the same account or through the same wrapper. So, if you hold a UK investment bond that invests in three different collective funds, and each of those funds is a PFIC, you could potentially need to file four Form 8621s (one for the bond itself if it's considered a PFIC, and one for each underlying PFIC). Attachment to Tax Return: Form 8621 is attached to your primary tax return (Form 1040, etc. ) and is due by the same filing deadline, including extensions. No Income Tax Return Requirement: If you are not otherwise required to file an income tax return for the year, you may still need to file Form 8621 directly with the IRS Service Centre. 3. Information Required on Form 8621 The form itself is multi-part and requires detailed information: Part I: Shareholder Information: Your personal details and identification of the PFIC (name, address, country of incorporation, EIN if any). Part II: Elections: This is where you declare which (if any) election you are making to mitigate the punitive default PFIC tax rules. The three main options are: Qualified Electing Fund (QEF) Election: This is generally the most favourable election if available. It allows you to include your pro-rata share of the PFIC's ordinary earnings as ordinary income and its net capital gains as long-term capital gains on your US tax return each year, regardless of whether you receive a distribution. This avoids the punitive excess distribution rules. Crucially, to make this election, the PFIC must provide you with an annual information statement with the necessary tax data. Many UK funds do not provide this. Mark-to-Market (MTM) Election: This election is available for "marketable stock" (generally, stock traded on a regulated market). It allows you to include in gross income any increase in the fair market value of the PFIC stock at year-end over its adjusted basis. Any decrease is generally deductible as an ordinary loss, but only to the extent of previous mark-to-market gains. This also avoids the excess distribution rules, but you're taxed on unrealised gains. Excess Distribution Method (Default): If neither a QEF nor MTM election is made (or can be made), this is the default and most punitive method. Under this method, "excess distributions" (which include most distributions and all gains on disposition) are allocated ratably over the period you held the PFIC. The portion allocated to prior years is taxed at the highest ordinary income tax rate for those years, plus an interest charge. The portion allocated to the current year is taxed at your ordinary income rate. Part III: Income from a Qualified Electing Fund (QEF): If you made a QEF election, this section reports your share of the PFIC's ordinary earnings and net capital gains. Part IV: Mark-to-Market Election: If you made an MTM election, this section details the gain or loss recognised. Part V: Gain on Disposition or Excess Distribution: This section is used to report gains from the sale of PFIC stock or to calculate the tax and interest charge on excess distributions under the default method. Part VI: Summary of Annual Information: General information about the PFIC. 4. Penalties for Non-Compliance While there isn't a direct monetary penalty specifically for failing to file Form 8621 in the same way there are for FBAR or Form 8938, the consequences can be severe: Indefinite Statute of Limitations: The most significant consequence is that your entire tax return for that year remains open indefinitely for audit by the IRS. Normally, the IRS has three years to audit a return. However, if Form 8621 is not filed when required, the statute of limitations for that tax year does not begin to run with respect to the PFIC and any tax liability related to it. This means the IRS can come back years later to audit and assess taxes, interest, and other penalties. Higher Tax Liabilities: If PFIC income or gains are discovered during an audit, they will be subject to the punitive excess distribution rules by default, leading to significantly higher tax bills and interest charges than if proper elections were made. Difficulty in Making Elections: If you fail to make a QEF or MTM election in the first year of PFIC ownership, making a "late" election often requires a "purging election," which can trigger a deemed sale of the PFIC and immediate taxation under the excess distribution rules. Increased Audit Risk: Failure to file required international information returns like Form 8621 can flag your tax return for increased IRS scrutiny and a higher likelihood of an audit. 5. Importance of Record Keeping Taxpayers must maintain accurate records of their PFIC investments, including: Purchase dates and cost basis. Fair market value at year-end. All distributions received. Any PFIC Annual Information Statements (if a QEF election is desired). Given the complexity and the severe consequences of non-compliance, it is highly advisable for US citizens with any foreign investment accounts or products to consult with a US tax professional specialising in international taxation. They can help identify potential PFICs, determine reporting obligations, advise on appropriate elections, and ensure proper compliance with US tax law. UK products caught in the PFIC net 1. Onshore and Offshore Investment Bonds (Single Premium Investment Bonds/Capital Redemption Policies) What they are: These are typically single-premium life assurance contracts, often referred to as "investment bonds" in the UK. Life insurance companies offer them and are popular for their tax-efficient growth within the UK, allowing investments to grow largely free of immediate UK income or capital gains tax until a chargeable event (like a withdrawal exceeding certain limits or maturity/surrender). They can hold a variety of underlying investments. "Onshore" bonds are issued by UK-resident life companies, while "offshore" bonds are issued by non-UK resident companies (often in jurisdictions like the Isle of Man or Dublin). Issues for Americans in the UK: Both onshore and offshore investment bonds are almost universally treated as PFICs for US tax purposes. The underlying investments within the bond are generally disregarded by the IRS; instead, the bond itself is viewed as a foreign corporation holding passive assets. This means: PFIC Reporting: US holders will likely need to file Form 8621 annually. Adverse Tax Treatment: Any gains, whether from withdrawals or ultimately surrender, will be subject to the punitive PFIC tax rules, often leading to significantly higher tax liabilities than anticipated and an interest charge. The UK's tax deferral benefit is entirely negated for US tax purposes, and the tax treatment is far worse than if the underlying assets were held directly. Loss of UK Tax Benefits: The UK's tax-efficient wrapper is effectively ignored by the US, making these bonds highly inefficient for Americans. 2. Collective EIS (Enterprise Investment Scheme) and VCT (Venture Capital Trust) Schemes What they are: These are UK government-backed schemes designed to encourage investment in smaller, higher-risk trading companies by offering generous tax reliefs to UK investors. EIS: Investors directly subscribe for shares in qualifying unquoted companies and can receive income tax relief, capital gains deferral, and capital gains exemption on disposal (after a holding period). VCT: These are companies listed on the London Stock Exchange that invest in a portfolio of qualifying smaller companies. Investors receive income tax relief on new shares, tax-free dividends, and tax-free capital gains. Issues for Americans in the UK: Despite their attractive UK tax benefits, collective EIS and VCT schemes are almost always considered PFICs for US tax purposes. Collective Nature: The "collective" aspect is key here. While direct investment in a single qualifying EIS company might avoid PFIC status if the company is actively trading and not itself a passive entity, the structures that pool investments across multiple EIS companies or the very nature of a VCT (which is essentially an investment company) will trigger PFIC treatment. PFIC Reporting and Taxation: As with investment bonds, holding shares in a collective EIS fund or a VCT will necessitate complex PFIC reporting and expose any gains or distributions to the punitive PFIC tax regime, effectively nullifying the intended UK tax advantages for US persons. Limited Utility: The primary benefit of these schemes for UK residents is tax efficiency, which is completely eroded for US taxpayers due to PFIC rules. This makes them largely unsuitable for Americans, despite their popularity among UK investors. --- > Explore UK financial security resources, fraud prevention tips, and safe banking practices to protect your money and assets effectively. - Published: 2025-05-27 - Modified: 2025-05-27 - URL: https://edale.co/financial-support/ Keeping your money secure is essential, whether safeguarding your savings, protecting against fraud, or ensuring safe financial transactions. Below, you'll find resources and services to help you manage your finances safely. By staying informed and using secure financial tools, you can protect your money and assets from potential risks. Explore these resources to help you be informed and protected. --- > Financial advice where additional assistance needed for a short-term or long-term vulnerability. - Published: 2025-05-13 - Modified: 2025-05-13 - URL: https://edale.co/financial-advice-where-extra-support-and-care-needed/ If you’re looking for financial advice or need assistance planning for a family member where extra support and care is needed, Edale can assist. Whether you have temporary, sporadic or permanent vulnerability and need additional care and guidance, we have experience and an approach to support you. Individual financial situations and personal circumstances vary and in these cases, you might need additional help with your financial planning needs.  The FCA’s Consumer Duty requires financial services to prioritise your needs. Our commitment to providing support to all our clients, including those who may be experiencing difficult or unexpected circumstances or who may need some extra help to use our services. This page provides details on how we work in such cases. Initial Consultation Free Get started with cost and no obligation. Independent Advice Receive unbiased, expert advice. No Minimums No minimums to access our services. Understanding Extra Support Matters Everyone’s circumstances can change—through health challenges, life transitions, or language and literacy barriers—and having someone who understands those changes makes all the difference. By recognising when you might need a little more guidance, we can tailor our advice, ask the right questions, and ensure you feel confident about each financial step. Working to help you Our dedicated advisers combine professional expertise with genuine empathy. They’ve helped countless families and individuals navigate complex situations, always listening first, explaining clearly, and crafting personalised strategies that truly fit your life. Money Safeguarding and Safety Supporting individuals and those looking after individuals to keep money safe. Use of FSCS‑protected bank or custodial accounts, safeguarding login credentials, recognising phishing and fraud attempts, and selecting providers with appropriate security measures. Seeing warning signs linked to money abuse. Helping people spot signs of financial coercion or undue influence (e. g. , sudden demands, isolation), and use of specialist support (e. g. , domestic abuse charities, Age UK). Investment Planning Grow and preserve your savings with confidence. From straightforward investment portfolios to more advanced structures, we’ll recommend solutions that align with your goals and comfort level. Will Writing Ensure your wishes are honoured. Through our network of legal specialists, you’ll get clear, jargon-free support to draft a will that reflects your priorities. Financial Decision Support If you ever need someone to act on your behalf, we’ll introduce you to trusted professionals for Power of Attorney or Court of Protection arrangements—giving you and your family peace of mind. Financial services setup to do the support individuals The financial services sector uses the "vulnerable customer" classification to identify and support people facing temporary or ongoing difficulties, such as health problems, financial struggles, or communication obstacles, which are important to cover when discussing and advising on financial matters.  Our teams are trained to identify when vulnerability is present and to communicate clearly and listen patiently while providing personalised financial support.  We believe it's important to explain when we see a vulnerability, and that while it's not a term people may like, we want to explain to you that this is an integral part of our service delivery to you. It's vital that when we become aware of a vulnerability, we will explain to you that we feel there is a vulnerability and will consider this in our work and advise you. Factors that act as drivers to actual or potential vulnerability include: health conditions or illnesses that affect the ability to carry out day-to-day tasks; major life events, such as bereavement or relationship breakdown; capability - low knowledge of financial matters or low confidence in managing money and/or; resilience - low ability to withstand financial or emotional shocks Clients can self-identify as vulnerable. We also listen and make judgments for signs of vulnerability or that someone may be experiencing vulnerability. We are aware that certain processes and procedures can themselves cause stress and vulnerability. We strive to manage these as smoothly as possible and work with you to support financial decisions and safe management of money. Whether you’re just exploring your options or updating an existing plan, we’re here to listen and guide you every step of the way. Clients helped 50+ Minimum wealth £0+ Can help with Pensions, ISAs, cash management, savings, planning, etc Meet the team L --- > British expats and US citizens considering moving to the UK, how to benefit and be tax-optimal under the UK's new income and gains taxation regime - Published: 2025-05-05 - Modified: 2025-05-05 - URL: https://edale.co/how-to-take-foreign-income-and-gains-fig-for-uk-resident-tax/ - Categories: FIG Regime, Remittance Tax From 6 April 2025, the existing remittance basis of taxation was substituted by a four-year exemption for foreign income and gains. A residence inheritance tax regime was also created based on a residence-based system. Here's a download on how be in the best position for taxation for working or retiring in the UK. Make your investments work for you in this new regime. This straightforward guide explains the UK’s new FIG regime alongside transitional rules and compares it to the old remittance basis for those who were UK non-domiciled taxpayers using the remittance basis previously. The Fixed Income and Gains (FIG) system will replace the remittance basis starting from the 2024/25 tax year for new UK residents. Who is affected by the new expat tax regime Those who were early and claimed remittance taxation. UK residents who obtain UK tax residence status after having been non-residents constitute the group affected by this rule. Especially relevant for former remittance basis users. What Is the FIG Regime? Beginning 6 April 2025, the UK will end the remittance basis for new or returning residents and introduce the Fixed Income and Gains (FIG) regime instead. Key Features of the FIG rergime The FIG regime offers UK tax residents access to its benefits during their first four years of UK tax residence provided they were non-residents throughout the prior ten tax years. Applies **regardless of domicile** status. Only UK income and gains are taxed. The UK exempts foreign income and gains from taxation even when these funds are transferred to the UK. No need to segregate income/capital. Simple compared to the remittance basis. Eligibility Conditions for FIG regime: You must be **UK resident**. Your status required you to maintain non-residence throughout 10 consecutive tax years. The FIG regime is available for use during a period of four tax years. Formerly domiciled residents born in the UK to a UK domicile of origin are ineligible for this status. --- Transitional Rules – 2024/25 Tax Year This period marks a bridge year between the termination of the old regime and the commencement of FIG. 2024/25 Key Transitional Reliefs: Those who met the necessary qualifications previously can utilise the remittance basis during their last permitted tax year. Temporary Repatriation Facility (TRF): For 2025/26 and 2026/27 only. UK residents can bring foreign income and gains that were not previously taxed into the UK and pay a tax rate of 12%. Foreign income and foreign gains from before 6 April 2025 fall under this rule. Capital Asset Rebasing: Your foreign assets will be adjusted to their 5 April 2019 values if you claimed the remittance basis and became deemed UK domiciled in April 2025. Applies to disposals **after 6 April 2025. Comparison: FIG vs Remittance Basis The Fixed Income and Gains (FIG) regime starting from the 2025/26 tax year will replace the former Remittance Basis for individuals who return to UK tax residency after a period of non-residence. FeatureRemittance Basis (Old)FIG Regime (New from 2025/26)EligibilityNon-doms; claim annuallyAny UK resident after 10 years non-residentDurationUnlimited (with rising RBC cost)4 years onlyForeign income/gainsNot taxed unless remittedNot taxed at allRemittance ruleComplex tracing and record-keepingNo remittance restrictionForeign asset salesTaxed if proceeds remittedExempt while within 4-year windowRBC Charge£30k–£60k per year (after 7 years)NoneAdmin complexityHighLowAfter 4 yearsWorldwide taxation appliesSame Planning for move from remittance taxation to the new regime High-income returners who settle back in the UK stand to gain significantly more through the FIG regime compared to the remittance basis. TRF enables UK taxpayers to transfer foreign funds with reduced tax liabilities but requires strategic timing of these transfers. International investment portfolios require examination since their gains may be actualized either before or after the regime based on your financial objectives. The preparation for UK residency should involve planning around trusts and asset holding structures as well as UK situs planning. --- > Effortlessly convert overseas pension amounts to GBP for HMRC reporting using our tool. Track, edit, and group values by tax year for self-assessment. - Published: 2025-04-22 - Modified: 2025-04-22 - URL: https://edale.co/converting-overseas-pension-distributons-and-income-to-for-uk-tax-reporting/ Managing pensions from overseas accounts can often feel like navigating uncharted territory, especially when dealing with currency exchange rates and tax calculations. When reporting the amount of pension income to HMRC in your self-assessment, it needs to be converted to UK Pounds Sterling (GBP). Calculating the GBP amount can be complicated, especially where there are multiple amounts on different dates and you need accurate exchange rates. Thankfully, HMRC (Her Majesty's Revenue and Customs) provides resources to simplify this process. We have taken the official exchange rate and developed a tool to help in tax reporting. This tool helps you convert foreign currency amounts into British Pounds (GBP) using official HMRC exchange rates for a specific month and year. Simply enter the date, currency code (like USD or EUR), and the amount you want to convert. The tool looks up the official exchange rate for that period and calculates the value in GBP. Each entry is automatically grouped by UK tax year (which runs from 6 April to 5 April), so you can easily see how much you’ve converted in each tax year. You can also edit any entry directly in the table, and the totals will update instantly. It’s a helpful way to track and organise foreign income or expenses for tax reporting purposes. Currency to GBP Converter (Grouped by Tax Year) Year: Month: Currency Code (e. g. USD): Amount: Convert & Add let entries = ; function getTaxYear(date) { const d = new Date(date); const taxYearStart = new Date(d. getFullYear, 3, 6); // April 6 if (d < taxYearStart) { return `${d. getFullYear - 1}/${d. getFullYear. toString. slice(2)}`; } else { return `${d. getFullYear}/${(d. getFullYear + 1). toString. slice(2)}`; } } async function addConversion { const year = document. getElementById('year'). value; const month = document. getElementById('month'). value. padStart(2, '0'); const currency = document. getElementById('currency'). value. toUpperCase. trim; const amount = parseFloat(document. getElementById('amount'). value); if (! amount || ! currency) return alert("Please provide valid amount and currency. "); const dateUsed = new Date(`${year}-${month}-15`); const taxYear = getTaxYear(dateUsed); try { const response = await fetch(`https://hmrc. matchilling. com/rate/${year}/${month}. json`); const data = await response. json; const rate = data. rates; if (! rate) return alert("Currency not found for the selected month. "); const gbpValue = +(amount / rate). toFixed(2); entries. push({ date: `${year}-${month}`, currency, amount, rate, gbp: gbpValue, taxYear }); renderTables; } catch (err) { alert("Failed to fetch exchange rate. "); } } function renderTables { const container = document. getElementById("tables-container"); container. innerHTML = ''; const grouped = entries. reduce((acc, entry) => { acc = acc || ; acc. push(entry); return acc; }, {}); Object. keys(grouped). sort. forEach(taxYear => { const group = grouped; const table = document. createElement('table'); const title = document. createElement('div'); title. className = 'tax-year-title'; title. textContent = `Tax Year ${taxYear}`; container. appendChild(title); const thead = document. createElement('thead'); thead. innerHTML = ` DateCurrencyAmountRateGBP Equivalent `; table. appendChild(thead); const tbody = document. createElement('tbody'); group. forEach((entry, index) => { const row = document. createElement('tr'); row. innerHTML = ` ${entry. date} ${entry. currency} ${entry. amount} ${entry. rate} ${entry. gbp} `; tbody. appendChild(row); }); table. appendChild(tbody); const total = group. reduce((sum, e) => sum + e. gbp, 0). toFixed(2); const tfoot = document. createElement('tfoot'); tfoot. innerHTML = ` Total${total} `; table. appendChild(tfoot); container. appendChild(table); }); } window. updateAmount = (index, newAmountStr) => { let newAmount = parseFloat(newAmountStr); if (isNaN(newAmount)) return alert("Invalid amount"); entries. amount = newAmount; entries. gbp = +(newAmount / entries. rate). toFixed(2); entries. taxYear = getTaxYear(`${entries. date}-15`); renderTables; }; Need Financial Advice or Pension Advice? Get expert guidance on managing overseas and UK pensions effectively and securely. We're here to help. Get Advice Now How to use the pension conversion calculator Step 1: Identify Your Pension Amount Start by determining the exact pension amount you receive from your overseas account. Ensure you have all relevant details, such as the frequency of payments (monthly, quarterly, yearly) and the amount in the foreign currency. Step 2: Use the Currency Conversion Tool To convert your pension amount into GBP, the newly developed tool simplifies the process significantly. Here's how it works: Enter the date the pension payment was received. Input the currency code (e. g. , USD or EUR). Specify the amount you want to convert. The tool retrieves the official HMRC exchange rate for the specified month and year and calculates the equivalent value in GBP. Additionally: Each entry is automatically categorized by the UK tax year (which runs from 6 April to 5 April), helping you track conversions easily. You can edit entries directly in the table, and the tool will update totals instantly, ensuring accurate record-keeping. Step 3: Verify and Record the Converted Amount Once the tool calculates the GBP value for your pension payment, review the figures for accuracy. Step 4: Use the HMRC Tax Calculator After confirming the converted GBP amount, use the calculator to GBP amounts to determine your tax liability on the pension income. Enter the GBP value into your self assessment and provide any additional details required. Step 5: Track and Report Thanks to the conversion tool's grouping functionality, you'll have a clear overview of your pension amounts categorised by tax year. Maintain accurate records for reporting purposes, as HMRC requires transparency in declaring foreign income. When completing your annual tax return, keep these calculations in case values are queried. We do not store any data from this calculator. We cannot generate any historical calculations and is for personal use only. Why Use the Currency Conversion Tool for Overseas Pension Calculations? This tool streamlines the conversion process by automating calculations with official exchange rates, eliminating potential errors. Its ability to group entries by tax year and update totals instantly makes it invaluable for tracking foreign income or expenses for tax reporting. It simplifies compliance with UK tax laws while saving time and effort. --- > US Roth IRA benefits in UK, tax-free growth and withdrawals in the US and UK, plus strategies for conversions and retirement planning. Lower you taxes. - Published: 2025-04-17 - Modified: 2025-05-01 - URL: https://edale.co/distributions-from-roth-ira-for-uk-tax-efficiency-from-us-pension/ - Categories: 401k IRA, Expat financial advice, us uk financial advisor - Tags: double taxation relief, early withdrawal penalty, Estate Planning, HMRC guidance, IRA conversions, ISA alternative, nonqualified distributions, qualified distributions, retirement planning, Roth IRA, tax-efficient withdrawals, tax-free growth, UK residents, US–UK tax treaty, wealth accumulation A Roth IRA functions as a retirement account which provides significant tax advantages.  It has no UK equivalent but its advantages make it worth considering for retirement and retirement planning. Contributions to the account come from after-tax dollars, but invested funds grow without taxation, and qualified withdrawals are tax-free both in the USA and the UK.  The article provides strategies for making tax-efficient withdrawals and conversions by using Roth IRAs.  People who are age 50 or older should definitely be familiar with this product as they plan retirement or are already retired.  Read our other US UK Financial Advice blogs to learn about how Roth IRAs can help in wealth accumulation. The use of Roth IRAs for tax-efficient incomes in the UK and USA si complex and the rules change so use an adviser for this getting started and journey towards qualified distributions. Roth IRA in the UK ROTH IRAs do not have a UK equivalent. Comparing them to an ISA is like saying third cousins are related and the same; they're not. We are frequently asked about the tax implications of a Roth IRA when retiring and taking distributions in the UK. Also, Roth IRAs can be used for efficient financial planning when having a 401k or traditional IRA, where conversions can be made to create tax-efficient distributions from US Pensions. The unique tax treatment of Roth IRAs makes them an effective part of retirement planning for the UK. Can a UK Resident Use a Roth IRA? Anyone with a US Social Security Number (from now or in the past) or ITIN can then open a Roth IRA and/or IRA to transfer 401ks or convert assets into a Roth IRA. Anyone is eligible to convert regardless of their income or tax filing status. Technical explanation of why Roth IRA are tax free in the US and UK In addition to the double taxation treaty Technical Guidance produced by the tax authorities, explains that Roth IRA withdrawals are tax emplt in the UK and US. The US-UK treaty has specific provisions that affect the treatment of Roth IRAs held by UK residents. The U. S. Treasury Department’s Technical Explanation on the US-UK Tax Treaty provides specific clarification. The technical explanation is an official guide to the Convention. It reflects the policies behind particular Convention provisions and understandings reached regarding its interpretation and application. For example, a distribution from a U. S. "Roth IRA" to a U. K. resident would be exempt from tax in the United Kingdom to the same extent the distribution would be exempt from tax in the United States if it were distributed to a U. S. resident. The same is true with respect to distributions from a traditional IRA to the extent that the distribution represents a return of nondeductible contributions. Similarly, if the distribution were not subject to tax when it was “rolled over” into another U. S. IRA (but not, for example, to a U. K. pension scheme), then the distribution would be exempt from tax in the United Kingdom. IRS Treaty-UK-Protocol-TE-7-22-2002 Here is the UK technical guidance on Roth IRA taxation. Article 17 provides for the taxation of pensions and other similar remuneration only in the state of residence of the beneficial owner. For this purpose, a payment is treated as a pension or other similar remuneration if it is a payment under a pension scheme, as defined at Article 3(1)(o). IRAs Contrary to this general rule, the residence state, under paragraph 1(b), must exempt from tax any amount of such pensions or other similar remuneration that would be exempt from tax in the State in which the pension scheme is established if the recipient were a resident of that State. Thus, for example, a distribution from a US Individual Retirement Arrangement or “IRA” to a UK resident will be exempt from tax in the UK to the same extent that the distribution would be exempt from tax in the US. HMRC’s Double Taxation Relief Manual (https://www. gov. uk/hmrc-internal-manuals/double-taxation-relief/dt19853) Get Your Personalised Tax Strategy Report for US Pension withdrawals Enter your details below to see how different withdrawal strategies will be taxed—and discover an optimised plan for minimizing your tax bill. US Pension Amount (USD)* Current Age* Expected US Income (USD)* Expected UK Income (GBP)* Your Email Address* Tax-free IRA conversions for US Expats There is a valid route to convert to a Roth IRA without paying any US taxes on conversion. They are only available to a particular group of US expats: those using the Foreign Earned Income Exclusion for US expat taxes. You may be able to convert a portion of 401k or traditional IRA into a Roth IRA. Understanding Tax-Free Roth Conversions for US Expats Although expats face complex US tax requirements, they also gain unique opportunities such as tax-free Roth conversions.  American expats must submit tax returns to the IRS every year, regardless of where they reside.  The Foreign Earned Income Exclusion (FEIE) allows expatriates to deduct up to $30,000 (2025) of foreign-earned income per person for the year 2025 while providing substantial benefits.  Expats can optimise their tax strategy by combining standard deductions ($15,000 for single filers in 2025) with other benefits. Qualifying Criteria for Tax-Free Roth Conversions Expats aiming for a tax-free Roth conversion must meet specific requirements to qualify.  Ensure your foreign income does not surpass the sum of the FEIE and Housing Exclusion limits.  Any amount that surpasses the limit must not exceed the standard deduction amount.  You must maintain all other non-excluded income below your total deductions.  You must have access to either an existing or newly created Roth IRA account.  Tax-free IRA or 401(k) to Roth IRA conversions become possible within the limits of your unused deductions when you meet these conditions. US expats experience numerous advantages through Roth IRA accounts Retirement planning for expats achieves unmatched flexibility through Roth IRA accounts.  Investments in these accounts achieve tax efficiency and protect earnings from future taxes, establishing enduring financial security.  If you don’t know much about Roth IRAs, get in touch with the US. They are ideal for US expats who reside in the UK and other places where Roth IRA distributions are recognised as not taxable in the Dual Taxation Agreement. Do you qualify for tax-free Roth IRA conversions? Take our questionnaire to see if you qualify for tax-free pension conversions. function nextStep(step, isYes) { for (let i = 1; i --- - Published: 2025-04-03 - Modified: 2025-04-08 - URL: https://edale.co/regular-withdrawals-from-401k-ira-and-scenerios-calculator/ - Categories: 401k IRA, Expat financial advice, us uk financial advisor US 401K Withdrawals and Tax Treatment Withdrawals from 401(k)s or |IRAS are taxed the same way for residents and non-residents. The US-UK tax treaty is designed to prevent you from being taxed twice on your pension income. You claim Foreign Tax Credits with the tax authority to prevent being taxed twice. US tax rates on USA pensions Federal income tax rates will remain the same in the 2024 and 2025 tax years at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. However, the income limits for tax brackets and filing statuses receive minor changes each year in accordance with inflation rates. The United States operates with seven federal income tax brackets which have rates ranging from 10% up to 37%.  People earning enough to place in the 37% tax bracket face a top marginal rate of 37% but not all their taxable income will be taxed at this rate.  Your top marginal tax rate reaches 37%. 2025 Federal Tax Brackets RateSingleMarried, Filing JointlyMarried, Filing SeparatelyHead of Household10%$0 – $11,925$0 – $23,850$0 – $11,925$0 – $17,00012%$11,925 – $48,475$23,850 – $96,950$11,925 – $48,475$17,000 – $64,85022%$48,475 – $103,350$96,950 – $206,700$48,475 – $103,350$64,850 – $103,35024%$103,350 – $197,300$206,700 – $394,600$103,350 – $197,300$103,350 – $197,30032%$197,300 – $250,525$394,600 – $501,050$197,300 – $250,525$197,300 – $250,50035%$250,525 – $626,350$501,050 – $751,600$250,525 – $375,800$250,500 – $626,35037%$626,350+$751,600+$375,800+$626,350+ UK tax rates on USA pensions The United Kingdom maintains its progressive taxation approach for pension income during the 2025/26 tax year.  Your pension income undergoes taxation through multiple bands instead of a uniform rate so that while the maximum rate hits 45%, only the portion exceeding the highest limit is taxed at that rate.  The tiered tax system enables the majority of pensioners to pay less than the highest marginal tax rate. HMRC projections indicate that taxpayers will continue to enjoy about £12,570 of their income without incurring tax obligations.  Income above this allowance is taxed at increasing rates: The basic rate of 20% applies to income between £12,571 and £50,270 while the higher rate of 40% applies to earnings between £50,271 and £125,140 with any income exceeding £125,140 taxed at an additional rate of 45%. Scotland has additional bands and different rates. BandTax RateIncome Range (Approx. )Personal Allowance0%£0 – £12,570Basic Rate20%£12,571 – £50,270Higher Rate40%£50,271 – £125,140Additional Rate45%£125,141 and above Below is a summary table of the Scottish income tax bands for the 2025/26 tax year, based on current HMRC guidance and projections: BandTax RateIncome Range (Approx. )Personal Allowance0%£0 – £12,570Starter Rate19%£12,571 – £14,732Basic Rate20%£14,733 – £25,688Intermediate Rate21%£25,689 – £43,662Higher Rate42%£43,663 – £125,140Additional Rate47%£125,141 and above USA pension withdrawals and distribution planning are an area of complication that needs some planning. The rules are complex and reading the treaties doesn't highlight the realities. Lawrie Chandler, Financial and Wealth Expert for Americans in the UK Read out customer ratings. Free IFA Appointment for US Person A Financial Investment Advisor for US Citizens in the UK Book Appointment No periodic withdrawals or complications for regular distribution from 401k Some 401k schemes have rules that create complications for members when they want to access their retirement savings: Some custodians impose a fee for processing the distribution. Real-world data shows that if the distribution request is submitted online, the fee might be as low as $25. However, if you prefer to complete the request using paper forms, the fee could be closer to $100. These fees are an additional cost to consider on top of any tax liabilities, and they can affect your overall net proceeds. 401(k) retirement plans may prohibit routine periodic withdrawals thus retirees usually end up taking lump sum distributions. If systematic withdrawal setup is not possible users will encounter both increased tax obligations and admin each time they want a payment. People who rely on consistent income streams will find this arrangement especially difficult. Financial experts frequently suggest moving parts of your 401(k) funds to an IRA because the IRA allows more withdrawal options and potentially reduces distribution fee effects. 401k and IRA Retirement withdrawal strategies A well-defined and planned in advance IRA or 401(k) withdrawal plan maintains your income stability across your retirement years.   The first step to a successful withdrawal strategy is knowing the rules, since you can usually start penalty-free IRA + 401(k) withdrawals at age 59½.  Making early withdrawals from your 401(k) leads to a 10% penalty, while you must withdraw funds once you reach RMD age (73 currently, but increasing to 75 by 2033), regardless of whether you require the income.  Understanding these rules enables you to prevent unnecessary penalties while organizing your withdrawals to optimize your retirement income. Multiple strategies exist to help you plan your 401(k) withdrawals.  The 4% rule allows retirees to withdraw 4% of their savings during the first year of retirement followed by inflation-adjusted withdrawals each subsequent year.  With $1 million saved for retirement, you'd start by taking out $40,000 in your initial year and then increase this amount by 2% each following year.  This straightforward approach yields steady income yet fails to consider market volatility and rising interest rates which might result in early exhaustion of savings during economic downturns. You can use fixed-dollar withdrawals that withdraw the same amount each year or fixed-percentage withdrawals that remove a constant percentage of your portfolio annually.  Fixed-dollar withdrawals provide easily predictable income that helps streamline budget planning but struggle to match the rising costs brought by inflation through time.  Fixed-percentage withdrawals respond to your portfolio value which can protect your principal during positive investment periods yet result in fluctuating annual income. Systematic withdrawal plans enable investors to generate income without touching their principal because they only allow the withdrawal of investment earnings like dividends and interest.  This strategy protects your savings from being exhausted too fast yet results in income fluctuations that depend on market conditions.  The "buckets" strategy for retirement savings divides funds across three distinct categories: cash for immediate expenses along with fixed income assets for stability and equities which drive growth.  This investment approach provides immediate access to funds alongside potential future growth but demands ongoing management and periodic portfolio adjustments. Withdrawal strategies have distinct pros and cons, making the best option dependent on your financial condition, risk preferences, and long-term objectives. Tax considerations are essential because traditional 401(k) withdrawals face ordinary income taxation, while Roth 401(k) distributions typically remain tax-free.  Professionals can guide you toward the most tax-efficient withdrawal strategy that fits your specific situation. Our 401(k) Withdrawal Strategy Calculator visualizes and compares various strategies. You can enter your portfolio value and test different withdrawal percentages and strategies to evaluate your potential income flow over time.  Access the calculator on this page by clicking here. The proper withdrawal strategy will significantly influence your retirement financial security, so investigate your options and get professional advice if required. Scenario calculator for accessing US Pensions distributions This tool is designed to illustrate tax implications of different strategies for accessing your investment portfolio, which is valued in US dollars. It uses live exchange rates to convert your portfolio value into British pounds. The calculator computes tax liabilities under both the US progressive tax system and the UK tax system (for England, 2024/25). It covers various options, including a regular lump sum withdrawal, regular annual withdrawals, a Roth IRA conversion (where tax is paid upfront and future withdrawals are tax free), and a 401k rollover to Roth IRA spread over up to three tax years. Additionally, the calculator shows the immediate out-of-pocket cash cost—the sum of the US withholding tax and the UK tax payable (with UK tax converted to USD)—expressed as an absolute amount and as a percentage of your portfolio value. Note that while an IRS refund may eventually be received (currently taking about a year to be paid), the cash outlay occurs immediately at the time of distribution. // Function to fetch USD-to-GBP exchange rate from multiple sources async function getExchangeRate { try { const response1 = await fetch('https://api. exchangerate. host/latest? base=USD&symbols=GBP'); const data1 = await response1. json; if (data1 && data1. rates && data1. rates. GBP) { console. log("Exchange rate from exchangerate. host"); return data1. rates. GBP; } else { throw new Error("Invalid data from exchangerate. host"); } } catch (error) { console. error("Error with exchangerate. host:", error); } try { const response2 = await fetch('https://api. exchangerate-api. com/v4/latest/USD'); const data2 = await response2. json; if (data2 && data2. rates && data2. rates. GBP) { console. log("Exchange rate from exchangerate-api. com"); return data2. rates. GBP; } else { throw new Error("Invalid data from exchangerate-api. com"); } } catch (error) { console. error("Error with exchangerate-api. com:", error); } return null; } // US Tax Calculation based on progressive tiers function calculateUsTax(income) { let tax = 0; if (income --- > Supplementary pension route for those that maximising pensions. Get 25% bonus for each £1. From age 60 onwards withdraw your entire LISA tax-free. - Published: 2025-03-31 - Modified: 2025-03-31 - URL: https://edale.co/lifetime-isa-retirement-pension/ A Lifetime ISA is a powerful tool for retirement savings. It is an excellent option for enhancing pension savings or finding a flexible and tax-efficient investment solution as part of your retirement strategy. Most people associate Lifetime ISAs exclusively with first-time homebuyers, but they can also be used like a pension to get tax-free growth. What is a Lifetime ISA for retirement? The Lifetime ISA offers tax-free savings options for people who want to prepare for retirement. People between 18 and 39 years old can open a Lifetime ISA and make contributions until they turn 50. They can then access the money without penalty from age 60. The big attraction? The 25% government bonus. The government rewards your savings with £1 for every £4 you put away until you reach a maximum bonus of £1,000 per year. There are downsides to the LISA: The LISA has an annual subscription limit of £4,000 which rises to £5,000 with the addition of government bonuses. The annual pension contribution limit stands at £60,000 yet savers with sufficient earnings can utilise the carry-forward option to make contributions exceeding any ISA product limits. Some clients find powerful reasons to use the LISA as a supplementary option alongside pension tax benefits. What is the maximum amount you can deposit into a Lifetime ISA annually? An individual has the ability to deposit £4,000 annually into a LISA account. The government provides an additional bonus which may reach £1,000. The £4,000 savings limit for a LISA is included within your total £20,000 yearly ISA allowance. When you put money into an LISA for investment purposes, it can grow over time without UK income tax and capital gains tax being applied to any gains. Our LISA calculator helps you estimate how your savings and government bonus will expand by the time you retire. When Can You Take the Money Out? This retirement pot becomes tax-free and penalty-free when you reach the age of 60 and withdraw your money. Taking money out before the age of 60 incurs a standard 25% penalty unless the funds are used for your first home purchase.  The withdrawal penalty means your return will be less than your initial investment which makes early LISA withdrawal advisable only if necessary. LISA vs Pension: Which Is Better for Retirement? The ideal initial step toward retirement savings should be workplace pensions since your employer provides matching funds. When you reach the limit on your workplace pension contributions or you lack access to a pension because you are self-employed or a high earner with Taper relief applied a LISA serves as an excellent supplemental savings option. Using the LISA provides full tax-free access to the funds after reaching age 60 which contrasts with pension income that includes only a 25% tax-free portion while the rest is taxed as income. Here’s a simple breakdown: Earning under £50,270? A LISA matches pension tax efficiency when your employer lacks a salary sacrifice option. Although the LISA provides 25% government bonus like basic-rate tax relief on pensions people can take out their entire savings tax-free when they turn 60 years old. Earning over £50,270? Higher-rate tax relief on contributions makes pensions more advantageous despite the taxation on withdrawals. Our LISA vs Pension Factsheet allows you to compare both options side by side through a download. Why Consider a LISA for Retirement? Tax-free growth and tax-free withdrawals after 60 25% bonus on your savings Choose from multiple investment options that include funds, stocks or cash to enhance your financial flexibility. People who wish to enhance their pension savings or establish their own savings should consider this option. The Lifetime ISA serves multiple purposes beyond home purchase by offering valuable retirement planning opportunities. People aged 18 to 39 who want to grow their savings in a tax-efficient manner should consider opening a LISA. Evaluate your financial circumstances before deciding and consider consulting a financial adviser. Lifetime ISA Savings Calculator for Retirement This calculator shows how contributing the maximum each year until age 50—and receiving a 25% government bonus—can build a substantial pot by age 60. The projections use the growth assumptions for ISA Type F (Equity). Current Age (must be under 40): Annual Contribution (£): Calculate // Helper: Format a number as UK currency. function formatCurrency(num) { return num. toLocaleString('en-GB', { style: 'currency', currency: 'GBP' }); } // Helper: Calculate the future value of an annuity due. // Contributions are made at the start of each year. function annuityDue(contribution, r, years) { if (r === 0) return contribution * years; return contribution * ((Math. pow(1 + r, years) - 1) / r) * (1 + r); } // Main calculation. document. getElementById('lisaForm'). addEventListener('submit', function(event) { event. preventDefault; document. getElementById('errorMessage'). textContent = ''; // Read input values. var currentAge = parseInt(document. getElementById('currentAge'). value, 10); if (currentAge >= 40) { document. getElementById('errorMessage'). textContent = 'Current age must be under 40. '; return; } var annualContribution = parseFloat(document. getElementById('annualContribution'). value); // Lifetime ISA rules: contributions can be made until age 50. var yearsContribution = 50 - currentAge; // The UK Government adds a 25% bonus. // Effective annual deposit = annualContribution * 1. 25. var effectiveContribution = annualContribution * 1. 25; var totalEffectiveContributions = effectiveContribution * yearsContribution; // Define three growth scenarios using ISA Type F (Equity) rates for ISA/Pension products. var scenarios = ; // Build results table. var resultsHtml = "Lifetime ISA Savings Projection"; resultsHtml += ""; resultsHtml += "ScenarioGrowth Rate (%)Years ContributedTotal Effective ContributionsPot at Age 50Pot at Age 60"; scenarios. forEach(function(scenario) { var r = scenario. rate; // Calculate pot at age 50 using annuity due. var potAt50 = annuityDue(effectiveContribution, r, yearsContribution); // Calculate pot at age 60: compound the age-50 pot for 10 years at the same rate. var potAt60 = potAt50 * Math. pow(1 + r, 10); resultsHtml += ""; resultsHtml += "" + scenario. label + ""; resultsHtml += "" + (r * 100). toFixed(1) + "%"; resultsHtml += "" + yearsContribution + ""; resultsHtml += "" + formatCurrency(totalEffectiveContributions) + ""; resultsHtml += "" + formatCurrency(potAt50) + ""; resultsHtml += "" + formatCurrency(potAt60) + ""; resultsHtml += ""; }); resultsHtml += ""; resultsHtml += "For a Lifetime ISA, you contribute up to £" + annualContribution. toLocaleString + " per year and receive a 25% government bonus, making your effective deposit £" + (annualContribution * 1. 25). toLocaleString + " per year. This calculator assumes you contribute until age 50 and then let the pot grow until age 60. "; document. getElementById('results'). innerHTML = resultsHtml; document. getElementById('results'). style. display = 'block'; }); --- > Details on how to open an ISA with Edale Investment Platform - Published: 2025-03-28 - Modified: 2025-03-28 - URL: https://edale.co/isa-open-walkthrough/ Edale's ISA is available to international people to open an ISA account when they are resident in the UK. We support the ISA with financial advice and support. This account will accept expat Americans that are resident in the UK. To open an account, visit https://edale. co/open-ISA/ and follow the simple instructions below. At the first screen, enter your : Email address Username in words and numbers (no spaces or special characters) Select a secure password Country selection should default to the UK On the next screen, select Type of account. Most clients choose a "Stocks and Shares ISA" If relevant; you will be asked the following: The Legal Residents question will be "No" for most clients The beneficial ownership is "Yes" for most clients On the next screen; Enter your title and name in the relevant boxes Start typing your address in your address line one, and it will offer to autopopulate the fields as you write your full address Select if you are a dual citizen and also the countries of birth as may be relevant for you. Add a mobile number Complete the personal information Add tax residency with suitable Tax Identification Numbers like National Insurance number for the UK and Social Security number for the USA Add your employment information. Add your source of wealth, for most clients, this is 100% Income from Employment. Complete security questions Next, you will get a confirmations screen to make disclosures and confirm your account. Enter the mobile phone confirmation number you received Confirm your national tax identification information Configuring your account Edale has defaulted some of the main trading permissions and assets that are more suitable for you: Income and Wealth information is a short view of your financial worth Investment objectives for most clients are growth and/or income with capital preservation You may be requested to complete some knowledge quizzes If relevant, click the cross in the right-hand side ie "x" on any investment asset class you are not likely to invest in Trading experience, add your experience, quantity of trade and level of knowledge for equities and bonds Confirm if you are an employee of a publicly traded company. For most clients, this is "No" If "Yes", add the stock market symbol of the company Confirm if you control the publicly traded company. For most clients, this is "No" Confirm your tax residency Confirm Acceptance of IRS rules Enter your full name in the signature box for the tax information Tick the box on tax information sharing Accept all the Agreements and Disclosures. Given the nature of financial service regulations in global markets, there are lots of forms that are required Enter your full name in the signature box to agree to the terms and conditions as well as disclosures Ensure that you log in to your email and confirm your email address with the email you've received Any problems please contact us Bank details for Stocks and Shares ISA Deposits For funding your account, you can make contributions using the details below.   Transfer Funds to Beneficiary/Account: Interactive Brokers (U. K. ) LimitedInternational Bank Account Number (IBAN): GB20 CHAS 6092 4240 0733 03SWIFT/BIC Code: CHASGB2LXXXSort Code: 609242Bank Account Number: 40073303Reference: Your investment account number starting Uxxxxxxxx --- > US expats in the UK can contribute to IRAs. Learn how to stay tax-efficient using US pensions, FEIE, and FTC rules while living abroad to grow retirement savings in US - Published: 2025-03-26 - Modified: 2025-03-27 - URL: https://edale.co/contributions-to-us-pensions-as-non-us-resident/ Many Americans who relocate overseas believe they have lost their ability to add funds to their U. S. retirement accounts including IRAs and 401ks. There are no restrictions on a non-resident American having an IRA. Restrictions are only related to contributions. Some individuals persist in making contributions without grasping the specific rules which govern the eligibility of U. S. citizens living abroad to maintain their contributions. Here we show how UK based Americans can use IRAs to grow retirement savings. Use tax-efficient savings for US and UK individuals Utilising different tax-wrapped investment vehicles from both the US and UK markets enables tax deferral while opening gross investment growth opportunities. Different tax savings vehicles in the US and UK help you accumulate assets in various tax buckets, including taxable or tax-deferred and possibly tax-exempt accounts. Doing this successfully throughout your earning years will leave you with capital to choose how to withdraw it in your retirement years with greater flexibility and options. One often overlooked vehicle for UK resident American's is US Individual Retirement Accounts (IRA accounts), which are also recognised in the UK. There is a variant on this account called Roth IRA that can be attractive for non-deductible contributions to a pension (ie where no tax relief is available). As IRAs are recognised in the US-UK Double Taxation Agreement, they are an effective retirement savings plan. They escape the punitive tax regime of the USA (Passive Foreign Investment Company) and UK (non-reporting funds), and they can accumulate income and capital gains without taxation in either country. They avoid the additional reporting requirements of other forms of investment accounts. This savings route is more favourable than unwrapped taxed accounts. Tax relief and tax-deferred growth through IRA contributions while in the UK US citizens who are deemed to have US-sourced earned income (the rules we outline below) can contribute to either a Traditional IRA or a Roth IRA. They will receive tax relief. The main rule for non-US resident contributions to an IRA is you need to have US income leftover after deductions and exclusions. Traditional IRAs permit contributions up to a specified limit which grants you tax deductions that exactly match your contribution amount. The funds in traditional retirement accounts benefit from tax-deferment which allows you to postpone tax payments until you start making withdrawals. Roth IRAs function like traditional IRAs but they contain several distinct differences. The account must be designated as a Roth IRA during the opening process. Earnings in Roth IRAs remain tax-free instead of being tax-deferred. You may access your Roth IRA contributions anytime without facing any tax charges or penalties as long as they are qualified distributions. Anyone who is a U. S. citizen and earns income can make contributions to a Traditional IRA or Roth IRA under IRS rules regardless of their place of residence. Your eligibility for making contributions depends heavily on your tax filing method with the IRS, especially when claiming both the Foreign Earned Income Exclusion and the Foreign Tax Credit. Understanding the Foreign Earned Income Exclusion (FEIE) for IRAs The Foreign Earned Income Exclusion (FEIE) enables U. S. citizens working abroad to shield up to $126,500 of their foreign-earned income from U. S. tax obligations in 2025. Using FEIE to exclude all your income leads the IRS to classify you as having no taxable compensation, which then prevents you from making IRA contributions that year. You are permitted to make IRA contributions while claiming the Foreign Earned Income Exclusion as long as you retain some earned income after applying the exclusion. Example 1 – Eligible to Contribute:The U. S. citizen Claire who resides in the UK makes $150,000 during the tax year 2025. She uses the FEIE to exclude $126,500 from her income which results in $23,500 of remaining earned income that is not excluded. This leftover income enables her to make contributions to an IRA. Example 2 – Not Eligible to Contribute:John receives a salary of $95,000 while working in Scotland and applies the Foreign Earned Income Exclusion to eliminate his whole income from taxation. Since he does not have any remaining earned income after exclusions, he cannot make IRA contributions this tax year. Alternative Strategy: Use the Foreign Tax Credit (FTC) to permit IRA contributions Some expats opt for the Foreign Tax Credit which offers direct dollar-for-dollar offsets for taxes paid abroad rather than excluding income through the FEIE. Reporting your full foreign salary on your U. S. tax return via the FTC ensures your earned income stays recorded which allows you to maintain eligibility for IRA contributions. Non-deductible Traditional IRA contribution Individuals who cannot contribute directly to a Roth IRA because their income is too high still have a chance to make ‘backdoor’ Roth IRA contributions if they hold no other IRA balances. The process requires making an already taxable Traditional IRA contribution during 2025 of $7,000 followed by a direct conversion of this balance into a Roth IRA through a conversion process. The original contribution's lack of tax relief ensures that the conversion process remains tax-exempt while moving funds into the Roth IRA as if they had been directly contributed. Hence the term ‘backdoor’ Roth IRA contribution. The main advantage of placing funds into a Roth IRA lies in the fact that money within this plan remains tax-free when qualified distributions occur. 2025 Contribution Limits Under age 50: Up to $7,000 Age 50+: Up to $8,000 (includes catch-up contribution) Note: These limits apply across both types of IRAs — you can split contributions between Traditional and Roth, but the combined total cannot exceed the limit. Income limitations on Roth IRAs For 2025, the income limits for contributing to a Roth IRA are based on your Modified Adjusted Gross Income (MAGI) and tax filing status. Filing StatusFull ContributionPartial ContributionNo ContributionSingle / Head of HouseholdUp to $146,000$146,000 – $161,000Over $161,000Married Filing JointlyUp to $230,000$230,000 – $240,000Over $240,000Married Filing Separately*N/A$0 – $10,000Over $10,000If income exceeds these levels, the backdoor Roth IRA contribution method is worthwhile. Starting an IRA while living outside the USA in the UK When you reside outside the USA and want to open an IRA because you have an income you report to the USA, we suggest opting for a U. S. -based IRA to be tax-efficient with your IRS taxes. All contributions made to a traditional IRA are tax-deductible in the year during which you make the contribution. What About Self-Employed Expats? If you're self-employed overseas, your business income can qualify as earned income, assuming the FEIE does not exclude it. Self-employed expats may also be eligible for SEP IRAs or Solo 401(k)s, which allow for higher contribution limits based on income. This is a powerful savings opportunity for entrepreneurs and freelancers abroad — especially if you’re not using the FEIE. Under a SEP, the employer makes contributions to a traditional individual retirement arrangement (called a SEP IRA) set up by or for each eligible employee. A SEP IRA is owned and controlled by the employee, and the employer makes contributions to the financial institution where the SEP IRA is maintained. If you would like assistance using the IRA financial planning ideas above please get in touch or book a financial appointment with us. --- - Published: 2025-03-18 - Modified: 2025-03-18 - URL: https://edale.co/financial-advice-for-millionaires/ Millionaires (or high-net-worth individuals) benefit from combined financial advice and investment management when looking after their finances. Millionaires don't always feel rich or are discrete when talking about money. Here we outline some of the benefits of financial advice (rather than service they can access) for self-made, corporate or inherited millionaires can be suitable for these individuals and their families. The journey to wealth differs for lots of our clients and will likely differ from ours. But there are some common reasons rich individuals access our advice: Hard workers don't have time to do it themselves. Our client base consists of hardworking professionals and business owners who demonstrate dedication to their work. They understand how valuable expert knowledge is and assign duties not related to their primary work to others. The process of accumulating wealth demands strategic planning and investment expertise along with ongoing adjustments but these activities often become complex and time intensive. They concentrate their efforts on their primary skills and depend on financial experts to handle their money management. Wealth management is not glamorous, nor is journey towards being wealthy. Real wealth emerges from disciplined decision-making over time rather than the illusion of immediate riches. Investment management paired with risk balancing and tax optimization constitute necessary financial activities which seldom offer excitement or glamour. The richest people recognize that their financial stability results from deliberate planning instead of impulsive choices or following current trends. Commitment to the Full Journey. The path to wealth requires long-term dedication instead of quick successes. Financially successful individuals maintain their plans through market fluctuations and changes in economic circumstances. They maintain their concentration on long-term goals and adapt their methods when necessary without letting obstacles derail their path. Make plans and set goals, like in business. Successful people manage their businesses or unit with proper goals and strategies to achieve measurable progress and millionaires handle their personal finances similarly. Their structured plans encompass retirement savings as well as investment growth alongside tax efficiency optimisation. Regularly setting and reviewing financial targets maintains wealth accumulation progress through a system similar to how successful businesses operate with clear visions and plans. Importance of expert wealth management for millionaires High-net-worth individuals need financial advice that surpasses basic investment strategies and focuses on efficient wealth structuring along with tax minimisation and long-term financial protection. Individual financial solutions for millionaires need to perfectly match their individual objectives. Significant wealth comes with complexity. Expert financial guidance on tax planning and investment diversification enables your wealth to function effectively for your benefit. Here’s what millionaires need to consider: 1. Investment Strategies for Long-Term Growth Wealthy individuals need investment portfolios that incorporate diverse assets to maintain an equilibrium between potential gains and associated risks. This includes: Global equity portfolios for capital growth Fixed income assets to provide stability Diversification comes from alternative asset classes including private equity ventures, venture capital firms, and real estate investments A portfolio built with solid structure provides protection from market fluctuations and enhances investment returns. 2. Tax Optimisation & Wealth Structuring High net worth individuals must deal with intricate tax responsibilities especially when their investments span across different regions. Strategic tax planning can help: Investors should use tax-efficient investment options like ISAs, pensions and offshore bonds. Structure assets to minimize inheritance tax Dual citizens should optimize their capital gains tax planning to address both UK and US tax regulations. Our team at Edale delivers customized tax solutions to maximize your wealth retention. 3. Estate Planning & Wealth Preservation Many wealthy individuals prioritise protecting their assets for their descendants. Effective estate planning includes: Trust structures to protect family assets Inheritance tax mitigation strategies An organised will and succession strategy helps ensure that wealth transitions smoothly to the next generation. With proactive planning you can preserve your legacy and minimize tax burdens. 4. Expatriate & Cross Border Financial Considerations For millioniares that live between multiple countries financial planning requires additional complexity for expatriates. Cross-border taxation and pension structuring combined with investment compliance represent the main financial challenges that need resolution. Management of global wealth enables clients to maintain compliance while achieving optimal financial results. 5. Philanthropy & Impact Investing Millionaires pursue philanthropy by making charitable donations and pursuing impact investments. We assist in making donations and help clients find investment options which match their ethical standards. --- > Financial advice for your 20s, 30s, or 40s, for retirement and tax efficiency. Build a large investment and pension pot. - Published: 2025-03-17 - Modified: 2025-03-18 - URL: https://edale.co/accessible-financial-advice-for-those-in-their-30s-to-40s/ Your 30s and 40s are critical decades for building wealth. Through strategic investment choices and tax-efficient financial planning, you can protect your financial future while maximising your retirement savings.  Smart tax planning and investment decisions enable new investors to grow their assets and existing investors to refine strategies which build substantial retirement funds and portfolios to sustain retirement lifestyles. With financial advice you can discover effective methods to enhance your savings and investments with tax-efficient strategies. We can offer you unique pathways and focus on the long term (with you working on your earnings). Our young professional's financial advice service can help you: Optimise your savings and investments for tax efficiency The best approach to build wealth for retirement in your 30s and 40s Investment strategies for long-term financial growth How to reduce your tax burden while growing your wealth Steps to secure financial independence before retirement Initial Consultation Free Get started with cost and no obligation. Independent Advice Receive unbiased, expert advice. No Minimums No minimums to access our services. Is Financial planning in 30s and 40s important? It's important to define your future early so financial planning can start you on the right path earlier. In your 20s you likely envisioned how your 30s and 40s would unfold.  A thriving career, along with an amazing social life and an impressive pension plan, were probably on your list for your 30s and 40s.  You may still need some time to reach your goals, but don't worry about it getting started with financial advice occurs at any stage. Starting early and putting the most away you can makes for a comfy life in your 50s. Even though your goals and priorities will change throughout your life, saving for retirement remains essential regardless of age.  Financial freedom to pursue your passions later in life depends on how much you save during your younger years.   Some essential strategies to help you grow your savings to reach your financial goals: Tax-Efficient Wealth Building Strategies in Your 30s and 40s 1 Maximise Tax-Free Investments Utilising tax-free and tax-deferred investment accounts can significantly boost your wealth. Consider: ISA (Individual Savings Account) – Tax-free savings and investments up to £20,000 per year in the UK. Lifetime ISA (LISA) – £4,000 per year with a 25% government bonus, great for first-time buyers or retirement savings but need to be under age 40 to open. Stocks and Shares ISA – Grow investments tax-free, making it one of the best ways to build wealth. Pension Contributions (SIPP, Workplace Pension, or 401k) – Benefit from tax relief on contributions. Top Tip: Always max out employer pension contributions—this is free money you should never leave on the table! 2 Build a Diversified Investment Portfolio In your 30s and 40s, balancing risk and growth is key. Your investment portfolio should include: Equities (Stocks & Shares) – Higher risk but long-term growth potential Index Funds & ETFs – Low-cost, diversified investment exposure Bonds & Fixed Income – Lower risk, stable returns Property Investments – Buy-to-let properties can provide passive income Alternative Investments – Consider REITs, commodities, and private equity for diversification Golden Rule: The earlier you invest, the more you benefit from compound interest and tax-free growth. 3 Reduce Your Tax Bill with Pensions & Contributions Pensions provide some of the best tax-efficient savings options. Maximize your pension contributions to: Reduce your taxable income (higher-rate taxpayers get 40%-45% relief) Benefit from compound growth within a tax-free environment Access employer-matching contributions Example:If you earn £60,000 and contribute £10,000 to your pension, your taxable income drops to £50,000—lowering your tax bill. 4 Utilise Tax Allowances & Reliefs Take full advantage of available tax breaks: Capital Gains Tax (CGT) Allowance – £3,000 (2024/25) tax-free gains before CGT applies. Dividend Allowance – £500 tax-free dividends per year. Marriage Allowance – Couples can transfer £1,260 of tax-free income to a spouse. Business Tax Relief – If self-employed, use allowable expenses to reduce taxable income. Top tip: If your assets exceed tax-free limits, consider tax-efficient trusts or offshore bonds to protect wealth. Steps to Secure a Strong Retirement Plan 5 Grow Your Pension Pot Wisely Review pension fees and investments regularly to ensure they align with your goals. Consider consolidating pensions for better management and lower fees. Understand pension drawdown options to avoid unnecessary tax. Use a professional to get an edge and a professional to guide you towards. Fast Fact:Investing £500 per month from age 30 into a tax-efficient pension could grow to over £500,000 by retirement! 6 Plan for Passive Income & Financial Independence Achieve financial independence before retirement by building multiple income streams: Dividend-paying stocks Rental income from property investments Side businesses or online income Goal: By your late 40s or 50s, your passive income should cover a large portion of your expenses, allowing early or flexible retirement. Clients helped 90+ Minimum wealth £0+ Can help with Pensions, ISAs, asset valuations, company valuations, etc Meet the team L If you are building your wealth in your 30s and 40s and you want to get financial advice but are struggling to find anyone who will take you in the accumulation phase, then we strongly encourage getting in touch. Edale's social mission is to help people be more in control of their finances and be independent, so that means we help lots of people as they accumulate wealth. Lots of our young professional clients are putting meaningful monthly investments aside with us or into cash savings as well as pension contributions, as well as medium-term investments. They are also saving for children with us. Contact edale easily Click to call to speak with us about Divorce finances WhatsApp us to get Divorce Finance questions answered Book an appointment Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? --- > The best plan for a UK citizen and beneficiary inheriting from a USA family relative. Options, withdrawals and taxation for 401k and IRAs when in UK. - Published: 2025-03-14 - Modified: 2025-03-14 - URL: https://edale.co/us-inheritance-uk-beneficiary/ Distributions and inheriting money from a US Pension, whether that is a 401k or a IRA, is difficult. For UK residents there are administrative challenges, getting advice how to use the inheritance, taxation of distribution (in the US and UK) and best method to use the funds wisely. When a UK resident inherits a 401k or IRA (Individual Retirement Account) from a U. S. relative who is not married to them, they have several options for handling the funds. The choice depends on their financial goals, tax situation, and whether they prefer immediate access to the money or long-term investment growth. What age did the US pension owner die? One of the first considerations for the beneficiary is the age of the person who died, as that impacts the options available to them. The US has rules that require after age 72, a minimum annual amount is paid from their pension. So, this age impacts on the options that the non-spousal benefit accesses. Key Rules for Non-Spousal Beneficiaries The withdrawal rules depend on whether the original IRA owner had started taking Required Minimum Distributions (RMDs) before they passed away: If RMDs Had Already Started (Age 72+ at Death) The beneficiary must continue taking RMDs based on their own life expectancy or the original owner’s schedule, whichever is longer. The remaining balance must still be fully withdrawn within 10 years for most non-spousal beneficiaries. This rule ensures that the U. S. government collects taxes on the account over time. If RMDs Had Not Started (Under Age 72 at Death) The beneficiary is not required to take annual RMDs but must withdraw the entire balance within 10 years. There is flexibility in when to take distributions, allowing tax-efficient withdrawals. Options for a UK Beneficiary of an Inherited U. S. IRA/401k 1. Take a Lump Sum Withdrawal A UK beneficiary can choose to withdraw the entire IRA balance as a one-time lump sum. While this provides immediate access to the funds, it comes with significant tax implications. The full amount is subject to U. S. income tax at ordinary rates, with 30% withholding tax applied unless a tax treaty benefit is claimed. Additionally, the lump sum must be reported to HMRC in the UK, and UK tax may be due, though foreign tax credits can help reduce double taxation. 2. Open an Inherited IRA (Beneficiary IRA) in the U. S. Instead of taking the money all at once, a UK beneficiary can transfer the funds into an Inherited IRA in their name. This allows them to keep the money invested and take distributions over time. Most non-spousal beneficiaries must withdraw the full balance within 10 years of the original owner’s death, but there are no required minimum withdrawals each year—meaning they can manage their tax liability by spreading withdrawals over time. The withdrawals remain taxable in the U. S. and must be reported in the UK, but proper tax planning can reduce the overall burden. 3. Take Distributions Over 10 Years If the IRA is moved into an Inherited IRA, the beneficiary can withdraw gradually over a 10-year period. This strategy allows them to control how much tax they pay each year while keeping the remaining funds invested. By spreading withdrawals across multiple years, a UK beneficiary can potentially stay in a lower tax bracket, reducing their total tax liability in both the U. S. and UK. 4. Use a Trustee-to-Trustee Transfer A trustee-to-trustee transfer can be arranged for beneficiaries who want to keep the IRA funds invested while deciding on a withdrawal strategy. The new IRA must be appropriately titled to indicate that it is an Inherited IRA (e. g. , “John Doe IRA (deceased) for the benefit of Jane Doe, beneficiary”). This ensures that the account remains tax-deferred until withdrawals are taken. 5. Consider Tax Treaty Benefits There is taxation on USA-inherited IRA/401k withdrawals in the USA and potentially in the UK. The U. S. -UK tax treaty, the U. S. has the primary right to tax IRA distributions, but the beneficiary must still report the income in the UK. In many cases, a foreign tax credit can be used to offset UK tax on the same income. However, proper tax reporting is crucial to ensure compliance with both U. S. and UK tax authorities. For inherited Roth Individual Retirement Accounts, payments to a UK resident are not taxable in the United States and not taxable in the United Kingdom. Tax on USA-inherited 401k / IRA withdrawal / distribution Inherited IRA distributions are taxed as ordinary income is the primary rule. There are some exceptions to this headline. Generally, the distribution from an inherited IRA is added to your taxable income for that year. This means it is taxed at your current income tax rate. Under the UK-US Dual Taxation Agreement, there are exceptions to the double taxation in the USA and United Kingdom. Roth IRAs withdrawals are not taxed in the US or UK, because of clause 1b. Lump sums are taxed in the USA but not in the UK but are declarable. Choosing the Best Option for UK beneficiary of US pension inheritance The best option for a UK beneficiary depends on their age, financial needs, and tax situation. A lump sum might be suitable for elderly beneficiaries who need immediate access to funds, while younger beneficiaries may benefit from keeping the IRA invested and spreading withdrawals over time. Edale can provide guidance on inherited IRAs, tax planning, and managing distributions to optimise financial outcomes. Examples of US 401k/ IRA inheritance for different beneficiaries Practical illustrations can often make the rules around inheriting US pensions more relatable. Below are some cases we have received with some details changed to respect individual circumstances and personal situations. Margaret, a 76-year-old retiree in the UK, inherits a $50,000 Traditional IRA from her late brother, John, who lived in the U. S. John was 80 years old and had been taking Required Minimum Distributions (RMDs). Given that Margaret was already retired has a comfortable pension, and does not want to deal with ongoing investment management. She prefers simplicity over long-term tax planning. A Lump Sum Withdrawal was the best method for her. The rationale for this approach are: She doesn’t need long-term investment growth at her age. The amount is manageable in one tax year, avoiding complex future withdrawals. She won’t face early withdrawal penalties, as inherited IRAs allow penalty-free distributions. Sarah, a 55-year-old UK resident, and her 78-year-old mother, Margaret, inherit a $300,000 401(k) pension from Sarah’s late uncle, who was a U. S. resident. The 401(k) was left equally to both Sarah and Margaret, meaning each receives $150,000. At 78 years old, Margaret finds the paperwork and client due diligence process too complex for an Inherited IRA transfer. Given her age and financial needs, she opts for a direct lump sum withdrawal of her $150,000 share. It is simpler and provides her with immediate access to funds for her care needs. With guidance, she can apply for foreign tax credits in the UK to offset some of the U. S. taxes paid. Since Sarah is still working but planning for retirement, she decides to transfer her $150,000 into an Inherited IRA. This allows her to: Keep the funds invested while spreading withdrawals over time. Avoid a lump sum tax hit in the U. S. and UK. Withdraw over three years to help cover her mother’s increasing care costs while minimizing tax liabilities. James, a 35-year-old UK resident, inherits a $200,000 401(k) pension from his late father, who was an American expat in the UK. As a non-spouse beneficiary, James must decide how to manage the inheritance while considering his career, tax implications, and long-term financial goals. Since James is in a higher earning phase of his career, he decides to transfer the funds into an Inherited IRA and spread withdrawals over 10 years to: Reduce tax liability by withdrawing smaller amounts while working. Keep money invested for potential growth. Time withdrawals strategically—opting for larger withdrawals if he takes a career break or earns less in future years. --- - Published: 2025-03-06 - Modified: 2025-03-06 - URL: https://edale.co/book-paid-financial-adice/ Book 30 or 60 minute Consultation with an Edale Financial Adviser Looking for expert financial advice tailored to your situation? Book a 30-minute Zoom consultation with an Edale Financial Adviser for just £150 per hour or £75 for 30mins. Personalised financial guidance Speak directly with an experienced adviser Convenient Zoom appointment How to Book:1 Request an appointment by filling out our short form. 2 You’ll be taken to a PayPal link for secure payment. 3 Once payment is received, we’ll confirm your Zoom meeting. Take the first step towards financial clarity—Book your consultation today! Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? ] --- > Explanation of IRA and 401k requests for a W8Ben from US pension provider. Get advice how to optimise tax payable on your USA pension distributions and withdrawals - Published: 2025-02-24 - Modified: 2025-02-24 - URL: https://edale.co/irs-tax-document-for-401k-ira-distributions-w8ben/ When taking a 401k or IRA distribution your US pension provider may request a W8BENe. Here’s some ideas what it relates to and how to complete it without any hassles. Why do I need a W8BEN for pension distribution? For non-U. S. individuals receiving American sourced pension distributions (such as from a 401(k), IRA, or other retirement plan), the W-8BEN form helps to: 1. Claim Tax Treaty Benefits: • The form allows the recipient to claim a reduced U. S. withholding tax rate on pension distributions if their country has a tax treaty with the United States. • For example, under the U. S. -U. K. tax treaty, pension distributions to U. K. residents can qualify for a efficient tax treatment depending on how your take the benefits. 2. Certify Foreign Status: • The form confirms that the pension recipient is not a U. S. person for tax purposes, ensuring the correct withholding is applied What is a W8BEN? The W-8BEN form, officially known as the Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals), is a document used by non-U. S. individuals to certify their foreign status and claim benefits under a tax treaty. Its origins are closely tied to international tax agreements, including the U. K. -U. S. Double Taxation Agreement (DTA), designed to prevent individuals from being taxed twice on the same income by both countries. Under the U. K. -U. S. DTA, U. K. residents can claim reduced or zero withholding tax rates on U. S. -sourced income, such as pension distributions from a 401(k) or IRA. The W-8BEN allows U. K. residents to assert their tax treaty rights, ensuring they are taxed in accordance with the agreement rather. Why is a W8BEN requested by my pension provider? A 401(k) or IRA provider may request a W-8BEN form to confirm the tax status of a non-U. S. individual receiving pension distributions. This form allows the account holder to certify that they are not a U. S. person for tax purposes and to claim any applicable benefits under a tax treaty between their country of residence and the United States. Without the W-8BEN, the provider is required by the IRS to withhold tax at the default rate of 30% on distributions, regardless of the recipient’s actual tax obligations. By submitting the W-8BEN, the individual can potentially reduce U. S. withholding tax, ensuring their pension income is taxed appropriately under international agreements. What provisions of US UK taxation agreement do I quote in W8BEN? How to complete the W8BEN for pension withdrawal Here’s a step-by-step guide to completing the W-8BEN form for a U. S pension distribution as a non-U. S. individual. I’ll break it down section by section. Step-by-Step Guide to Completing W-8BEN for Pension Distributions Part I: Identification of Beneficial Owner 1. Line 1: Name of Individual Who Is the Beneficial Owner • Enter your full legal name as it appears on official documents. 2. Line 2: Country of Citizenship • Enter the country where you hold citizenship. • Example: United Kingdom 3. Line 3: Permanent Residence Address • Enter your permanent address in your country of residence. • Do not use a U. S. address here. • Example: 12 High Street London, W1A 1AA United Kingdom 4. Line 4: Mailing Address (if different from permanent address) • Enter your mailing address if it is different from your permanent address. • If it’s the same, leave it blank. 5. Line 5: U. S. Taxpayer Identification Number (TIN) or Foreign TIN • If you have a U. S. ITIN, enter it here. • If not, enter your foreign tax identification number (such as your U. K. National Insurance number). • Example: QQ123456C 6. Line 6: Reference Number(s) • Leave this blank unless your pension provider has asked you to enter an account number. 7. Line 7: Date of Birth • Enter your date of birth in MM-DD-YYYY format. • Example: 05-20-1965 Part II: Claim of Tax Treaty Benefits 1. Line 9: Country of Tax Residency • Enter the name of your tax residence country. • Example: United Kingdom 2. Line 10: Special Rates and Conditions • Enter the details of the tax treaty claim for your pension distribution: • Article and paragraph: Article 17 • Withholding rate: 30% • Reason for claim: The beneficial owner is a resident of the United Kingdom, as defined in the income tax treaty between the United States and the United Kingdom, and meets the requirements of the treaty for pension distributions. Part III: Certification 1. Read the certifications carefully. 2. Signature: Sign the form. 3. Print Name: Print your full name. 4. Date: Enter the date in MM-DD-YYYY format. 5. Capacity: Leave blank, as you are signing for yourself. Submitting the Form • Send the completed W-8BEN form to the U. S. pension provider or financial institution making the pension distribution. • Do not send it directly to the IRS unless requested. --- > Optimise US 401K IRA lump sums treatment in the UK. A guide to how it works and what the circumstances can be for penalty-free access. - Published: 2025-02-11 - Modified: 2025-04-17 - URL: https://edale.co/401k-ira-lump-sum-withdrawal-in-the-uk/ - Categories: 401k IRA The management of US pensions from the UK seems complex, but it can be made more straightforward with proper information. 401(k) and IRA withdrawals are complex areas where domestic legislation in the US and UK and double taxation agreements cause confusion. The internet is full of lots of differing opinions and advice; trust professional advice, not a chat forum. This article is part of a series. This article deals with 401k and IRA Lump Sum Withdrawals, while our forthcoming article on US Pension Regular Withdrawals is covered here. 7 March 2025 Change of Processes On 7th March 2025: HMRC amended their lump sum taxation guidance. This has impacts on information within this page. Contact us for the latest advice. General withdrawal or distribution rules for 401k or IRA Generally, distributions from US Pensions 401k and IRAs cannot be made until one of the following occurs. You are able to take US Pension distributions when: Death occurs, you become disabled, or you experience job termination. When the plan ends, the employer does not set up or keep a new defined contribution plan. If you turn 59½ years old or face a financial hardship situation. US Pension types of distributions: Nonperiodic, such as lump-sum distributions or Periodic, such as an annuity or instalment payments. Before distributing, the plan administrator needs your consent in specific situations. Whenever your account balance goes above $5,000 the plan administrator is required to get your permission before distributing funds. Your 401(k) plan might require your spouse to approve a distribution depending on the offered benefit distribution method. Under your plan terms, rollovers from other plans may not factor into the calculation determining if your account balance surpasses $5,000. Your 401(k) plan distributions become taxable by default until they undergo the rollover process detailed in the section “Rollovers from your 401(k) plan. ” People who received a lump-sum distribution from their 401(k) plan and were born before 1936 may qualify to use unique tax calculation options for their distribution. Details about optional methods to calculate lump-sum distribution taxes exist in Publication 575 Pension and Annuity Income and Form 4972 Instructions PDF Tax on Lump-Sum Distributions. IRS definition of a Lump Sum Lump Sum: The IRS has a clear definition of lump sums, which is listed on its website. A lump-sum distribution is the distribution or payment within a single tax year of a plan participant's entire balance from all of the employer's qualified plans of one kind (for example, pension, profit-sharing, or stock bonus plans). Additionally, a lump-sum distribution is a distribution that's paid:Because of the plan participant's death,After the participant reaches age 59½,Because the participant, if an employee, separates from service, orAfter the participant, if a self-employed individual, becomes totally and permanently disabled. HMRC definition of a Lump Sum Lump Sum: The UK tax authorities have a definition for lump sums that is broader than the USA. There is no legislative definition of a Lump Sum but HMRC regards these as being any non-periodic payment of a pension - That is, any non-regular payment that decreases the value of the remaining pension pot after such payment is made. To provide some guidance on lump sums here are a simple range of scenarios covering lump-sum withdrawals from an IRA or 401(k) for UK individuals reflecting how the UK-US Double Taxation Agreement (DTA), specifically Article 17, applies. Importantly, what does Article 17 say on US Pension distributions. Get Your Personalised Tax Strategy Report for US Pension withdrawals Enter your details below to see how different withdrawal strategies will be taxed—and discover an optimised plan for minimising your tax bill. US Pension Amount (USD)* Current Age* Expected US Income (USD)* Expected UK Income (GBP)* Your Email Address* Understanding Article 17 of the UK-US Double Tax Treaty Key Treaty Rule – Article 17(2): "A lump-sum payment derived from a pension scheme established in a Contracting State and beneficially owned by a resident of the other Contracting State shall be taxable only in the first-mentioned State. " The Double Taxation Relief (Taxes on Income) (The United States of America) Order 2002 What This Means: Lump-sum payments from US pension schemes (IRAs/401(k)s) are taxable only in the US. UK should not tax the lump sum under the treaty, but may try to under domestic rules. Foreign Tax Credit Relief (FTCR) can mitigate double taxation if the UK insists on taxing. All the scenarios below require suitable declaring of taking treaty provisions. They cannot just to considered rights and no declaration or reporting is needed. Its important to take advice on your situation as the over simplification in the situations below is purely for guidance and not advice. Contact us to consider if we can help you. Our expat work means for US / UK financial planning and optimal tax for distributions is a key part of our work Lawrie Chandler, Financial and Wealth Expert for Americans in the UK Read out customer ratings. Free IFA Appointment for US Person A Financial Investment Advisor for US Citizens in the UK Book Appointment Scenario 1: UK Resident Withdraws a Lump Sum from an IRA Details: A UK resident takes a $100,000 lump sum from a traditional IRA. US Tax Treatment: Fully taxable in the US as ordinary income. No early withdrawal penalty if over age 59½. UK Tax Treatment: Under Article 17(2), the UK should not tax the lump sum. However, under UK domestic law, HMRC may attempt to tax it as foreign pension income. Need to declare on UK Self Assessment in correct manner to take advantage of treaty provisions that override domestic taxation. Outcome: The lump sum is taxed only in the US under the treaty where it is declared appropriately in the UK with suitable wording. Scenario 2: UK Resident Takes a Lump Sum from a 401(k) Details: A US UK dual resident withdraws a $75,000 lump sum from a former employer’s 401(k). US Tax Treatment: Fully taxable in the US at ordinary income tax rates. Client agrees with 401k provider to elect to withholding taxes equivalent to the US margin tax rate. UK Tax Treatment: Per Article 17(2), UK should not tax the lump sum. However, under UK domestic law, HMRC may attempt to tax it as foreign pension income. Need to declare on UK Self Assessment in correct manner to take advantage of treaty provisions that override domestic taxation. Outcome: The lump sum is taxed only in the US under the treaty where it is declared appropriately in the UK with suitable wording. Scenario 3: Roth IRA Lump Sum (UK Perspective) Details: A UK resident withdraws $40,000 from a Roth IRA. US Tax Treatment: Tax-free in the US if qualified (e. g. , over 59½ and account held for 5+ years). UK Tax Treatment: The UK recognises Roth IRAs as tax-free. Declare the interest earned inside the IRA as this is taxable as foreign earned interest. No US tax paid, so no foreign tax credit available. Outcome: Tax-free in the US and UK. Scenario 4: Early Withdrawal from an IRA (Before Age 59½) Details: A UK resident withdraws $30,000 from an IRA before age 59½. US Tax Treatment: Taxed as ordinary income in the US. Withholding tax applied by the IRA provider at 30% 10% early withdrawal penalty applies. UK Tax Treatment: Per Article 17(2), the lump sum is taxable only in the US. No UK tax should apply under the treaty. Outcome: If US withholding tax is applied, file IRS Form 1040NR to claim a refund. Currently taking a year to be repaid from the IRS. The lump sum is taxed only in the US under the treaty where it is declared appropriately in the UK with suitable wording. Scenario 5: UK Resident Withdraws a US Lump Sum After Moving Back to the US Details: A UK resident moves back to the US and then withdraws $50,000 from a 401(k). US Tax Treatment: Now a US resident, so fully taxable in the US. UK Tax Treatment: Since no longer UK resident, no UK tax applies. Outcome: Tax is only due in the US. No need to claim treaty benefits. Scenario 6: UK Resident Withdraws a Lump Sum from a US Pension While Also Taking a UK Pension Lump Sum Details: A UK resident withdraws: £100,000 from a UK pension, with 25% (£25,000) tax-free. $80,000 from a US 401(k). US Tax Treatment: The 401(k) lump sum is fully taxable in the US. UK Tax Treatment: The UK pension lump sum has a 25% tax-free allowance. Under Article 17(2), the US lump sum should not be taxed in the UK. Under Article 17(2), the UK lump sum should not be taxed in the US. Outcome: The UK lump sum is taxed only on 75% of the amount in the UK. The UK lump sum is not taxed under the treaty where it is declared appropriately to the IRS with suitable wording. The US lump sum is taxed only in the USA under the treaty where it is declared appropriately to HMRC with suitable wording. Why do I pay US taxes on 401k distribution if I live in the UK and not a US taxpayer? The US taxes all withdrawals from US pension plans (e. g. , 401(k), IRA) as they consider it income sourced in the US. For non-US persons, the default tax withholding rate is 30% on distributions. If both countries tax the withdrawal, you can claim a Foreign Tax Credit (FTC) in the UK for US tax paid. Withholding tax on 401k or IRA withdrawal(s) Non-US persons must comply with the IRS demand to withhold 30% of distributions as federal withholding. You cannot waive this withholding. Your present country of residence might have a varied withholding rate in its tax treaty with the United States. Here you will find a list of the current treaty withholding rates. Non-US persons seeking details on tax withholding can consult Pub. 515 which covers Withholding of Tax on Nonresident Aliens and Foreign Entities as well as Pub. 519 that serves as the U. S. Tax Guide for Aliens. Getting information on Lump Sum taxation between the USA and UK Advice from forums and AI has delivered lots of mess where we have needed to tidy up and correctly advise clients. Take advice and don't fall foul of penalties. HMRC Community Forum confusing people The HMRC Community Forums was created to assist users with tax and benefits questions. It allows users to ask questions and find answers. Users can search for existing discussions or post new questions to seek guidance. This forum has had many questions on 401k /IRA withdrawals and taxation. Often, confusion is created by people reading the various posts. According to a Freedom of Information Request, there are 11 staff working as moderators or "HMRC Admin" as they appear in the Forum. It's quite a task for these eleven people to have the resource books and expertise to answer all questions on tax, which is why we often see clients confused and engage us to provide professional advice. US pension withdrawal reporting to HMRC Generally speaking, whether you owe taxes on the 401k or IRA distribution or not, you should, at minimum, notify HMRC of a withdrawal through your self-assessment. Overseas pension are usually in scope for UK tax under UK domestic law, but by notifying them you state you claim relief under a double taxation agreement. You should make a claim for relief under the agreement by notifying HMRC. Its important to report it in the right manner. That's why we offer the US Pension Lump Sum Withdrawal service. International pensions can be complex, especially when understanding and interpreting double tax agreements. The information here is simply a beginner’s guide. You can seek independent advice to be clear on your situation. Early access to 401k IRA before age 59. 5 There are IRS rules and acts of law that allow have increasing access to tax-advantaged accounts and preventing older Americans from outliving their assets. Rule of 55 for early 401k withdrawals The rule of 55 is where you turn 55 years old (or older) during the calendar year you lose or leave your job, and the IRS allows you to take distributions from your 401(k) without paying the early withdrawal penalty (usually 10% early withdrawal fee). The rule of 55 does not apply to IRAs. The rule of 55 allows you to access your US pension before turning the usual 59. 5 years old. You still need to pay income taxes on the withdrawal, even if penalty-free. There are some special requirements for this early 401k withdrawal to be aware of: You can only get penalty-free withdrawals from the 401k you contributed to when of the employer before losing or leaving your job. Other 401ks can only be accessed at age 59. 5 years old. You have to be age 55 in the calendar year lose or leave employment. Age 54 and x number days doesn't work. You can only access the money in the employer's 401k plan. Rolling over to an IRA will nullify your penalty-free withdrawals. If you get another job after using the rule of 55, you can be eligible for penalty-free withdrawals from the 401k you were contributing to at the employer you were working with before leaving your job. You can get a new pension in the new job but only claim penalty-free withdrawals from the 401k scheme you took benefits. Setting Every Community Up for Retirement Enhancement (SECURE) Act withdrawals Qualified Birth or Adoption Distribution from US Pension Parents can take early withdrawals from a 401k or IRA of up to USD5,000 from their US retirement accounts without penalty within a year of a child’s birth or adoption. The USD5,000 limit applies to the individual — not a family — so a spouse may separately receive up to USD5,000. QBOADs are not hardship distributions (which are covered below). They are an entirely new type of distribution subject to their own rules. An eligible plan is not required to permit QBOADs. If it does, the plan must be amended by the last day of the 2022 plan year. Small penalty-free withdrawals for exceptional situations Under the SECURE 2. 0 Act, effective from 1 January 2024, new regulations permit penalty-free withdrawals from qualified retirement plans during emergency situations or hardships.  Retirement savers can take annual emergency withdrawals of $1,000 without facing the 10% tax penalty but will need to pay ordinary income tax on these amounts.  A person cannot make further penalty-free withdrawals for personal emergencies during that period unless they repay the withdrawn amount within three years.  Individuals need to provide written self-certification to their employer stating that the withdrawal meets emergency requirements such as medical costs or car repairs and foreclosure prevention needs or accident costs and funeral expenses.   Victims of domestic abuse now have the option to withdraw up to $10,000 or 50% of their vested account balance without penalty depending on which is the lesser amount according to the updated rules.  The money withdrawn... --- > Find US Mutual Funds and ETFs that are UK reporting status registered with HMRC. Searchable list to identify funds quickly and simply. - Published: 2025-01-28 - Modified: 2025-01-29 - URL: https://edale.co/searchable-list-of-us-domiciled-funds-with-uk-hmrc-reporting-funds/ - Categories: us uk financial advisor - Tags: HMRC reporting, US domiciled funds, US tax compliance Offshore funds that have successfully applied to HMRC for reporting fund status can be held by US residents and be tax efficient. The list below allows investors to check for US domiciled investment funds (ETFs, mutual funds and index funds) that may be held in US brokerage accounts. The table below allows investors to check whether the investment funds they own are tax-optimal for US and UK citizens. If a fund is not on the list, the UK tax authorities will tax gains at income tax rates rather than capital gains. Commonly, these funds are not available on the UK investment platform because of rules related to packaged investment products that these US funds do not comply with. US Mutual Funds with UK Reporting Status const CSV_URL = "https://docs. google. com/spreadsheets/d/e/2PACX-1vRYKjpjqQkg_nEfM7vEd9GISVyCG14JHuI7wD0b_hzLKxOku1LqCbxixo52ic61D0ZaXbCwx9iiwuqC/pub? gid=526346953&single=true&output=csv"; // Replace with your public CSV link const searchInput = document. getElementById("searchInput"); const tableContainer = document. getElementById("tableContainer"); // Fetch data from the public CSV and render the table async function fetchAndRenderTable { try { const response = await fetch(CSV_URL); const csvText = await response. text; const data = parseCSV(csvText); if (data. length) { renderTable(data); } else { tableContainer. innerHTML = "No data found in the sheet. "; } } catch (error) { tableContainer. innerHTML = `Error fetching data: ${error. message}`; } } // Parse CSV data into an array function parseCSV(csv) { const rows = csv. split("\n"). map(row => row. split(",")); return rows; } // Render the table from fetched data function renderTable(data) { const = data; let tableHTML = ""; headers. forEach(header => { tableHTML += `${header}`; }); tableHTML += ""; rows. forEach(row => { tableHTML += ""; row. forEach(cell => { tableHTML += `${cell}`; }); tableHTML += ""; }); tableHTML += ""; tableContainer. innerHTML = tableHTML; } // Filter table based on search input function filterTable { const filter = searchInput. value. toLowerCase; const rows = document. querySelectorAll("table tbody tr"); rows. forEach(row => { const cells = row. querySelectorAll("td"); const matches = Array. from(cells). some(cell => cell. textContent. toLowerCase. includes(filter) ); row. style. display = matches ? "" : "none"; }); } // Fetch and display the table on page load fetchAndRenderTable; Additional information for US UK taxpayers linked to US-domiciled investment funds US taxpayer investment woes are more complicated because of European Union restrictions on packaged retail and insurance-based investment products (PRIIPs). These narrow investment choices within the European Union and the United Kingdom prevent buying US-domiciled investment funds for retail investors.  The PRIIPs regulations started to apply in January 2018 and established special requirements for investment products throughout the European Union.  Existing investment funds bought before the EU PRIIPs regulation can continue to exist and be traded but EU residents cannot acquire new shares in these funds after PRIIPS implementation in 2018.  The PRIIPs rule was implemented in the United Kingdom after Brexit, so the restrictions on investment choices accessible through U. S. and U. K. investment custodians remains. --- - Published: 2025-01-25 - Modified: 2025-01-25 - URL: https://edale.co/what-former-employees-can-do-with-us-pensions-401k-ira-when-non-us-resident/ - Categories: us uk financial advisor - Tags: Avoiding Double Taxation, Cash Out vs. Rollover, cross-border retirement planning, Expats U.S. Retirement, Financial Planning for Expats, International Retirement Funds, IRS Tax Withholding, Managing U.S. 401(k), Non-Resident IRAs, Non-Resident Retirement Accounts, Retirement Account Penalties, Retirement Funds Abroad, Tax Treaties and Retirement, U.S. Taxes for Non-Residents, U.S.-Based Retirement Savings Managing US Retirement Accounts as a Non-Resident: What To do If you’re a non-resident employee who has left the United States and you’re wondering what to do with your U. S. -based retirement accounts, you’re not alone. Many former employees face questions about managing their 401(k)s, IRAs, and other retirement savings after returning to their home countries. While employers focus on compliance and offering retirement benefits, your concerns as a former employee may be more personal, such as: What happens to my U. S. retirement funds when I leave the country? Should I cash out my 401(k) or roll it over into another account? Will I still have to pay U. S. taxes on these funds after I move abroad? Here’s what you need to know as a non-resident employee managing U. S. retirement funds. Should You Cash Out or Roll Over Your Retirement Funds? One of the first decisions you’ll need to make after leaving the U. S. is whether to cash out your retirement funds or roll them over into another account. Both options come with important implications: 1. Cashing Out Your Funds Cashing out your 401(k) or IRA is generally not recommended unless you urgently need the money. The IRS imposes a 10% early withdrawal penalty if you cash out before age 59½, in addition to regular income tax on the withdrawal. If you’ve moved abroad, you might also face withholding taxes on the distribution, which could further reduce the amount you receive. 2. Rolling Over Your Funds into an IRA Rolling over your 401(k) into an IRA may allow you to maintain tax advantages and avoid early withdrawal penalties. However, as a non-resident, special rules apply to IRA distributions. The IRS requires tax withholding on distributions sent abroad, which could complicate your retirement planning. If you’re considering transferring your funds to a retirement account in your home country, such as a Registered Retirement Savings Plan (RRSP) in Canada or a QROPS in the UK, you could face additional penalties and withholding taxes. How Are U. S. Retirement Funds Taxed for Non-Residents? As a non-resident, the taxation of your U. S. retirement accounts doesn’t change significantly just because you leave the country. The IRS still requires you to report and pay taxes on distributions from your 401(k) or IRA. Here’s what to keep in mind: 1. Taxation of 401(k) Distributions Distributions from a 401(k) are treated as ordinary income and taxed accordingly, regardless of where you live. If you cash out your account early, you’ll face the same 10% penalty as U. S. citizens, unless you meet specific exceptions such as disability or substantial medical expenses. 2. Taxation of IRA Distributions Traditional IRA distributions are also subject to U. S. income tax. Roth IRA distributions are tax-free as long as you meet the account’s rules, such as holding the account for at least five years and being over 59½ at the time of withdrawal. 3. Tax Treaties and Double Taxation Depending on your home country, you may benefit from a tax treaty with the U. S. that reduces or eliminates double taxation. For example, the U. S. -UK tax treaty allows you to pay taxes on retirement distributions only in the U. S. , avoiding additional UK taxation. Timing Withdrawals to Minimize Taxes One of the most effective ways to reduce the tax burden on your U. S. retirement funds is to plan your withdrawals carefully. Here’s how timing can help: Wait Until You Reach Retirement Age: By waiting until you’re 59½ or older, you can avoid the 10% early withdrawal penalty. Consider Your Tax Bracket: If you anticipate being in a lower tax bracket in the future, delaying withdrawals could result in lower overall taxes. Stagger Withdrawals: Spreading your distributions over several years can help you stay within lower tax brackets and reduce your liability. What Non-Residents Should Ask Their Employers As a non-resident employee, it’s worth discussing your retirement options with your employer before leaving the U. S. Ask questions such as: Will my 401(k) remain active after I leave the company? What options do I have for rolling over my funds or transferring them to another account? Does my employer offer support or access to financial advisors who specialize in expat retirement planning? Your employer may not be able to provide all the answers, but they can point you toward resources or financial advisors who can guide you through the process. Key Takeaways for Non-Resident Employees Managing U. S. retirement accounts as a non-resident can be challenging, but careful planning can help you preserve your savings and minimize taxes. Here are some final tips: Avoid cashing out your 401(k) or IRA unless absolutely necessary to avoid penalties and taxes. Consider rolling over your funds into an IRA or another eligible account to maintain tax advantages. Work with a financial advisor who specializes in cross-border retirement planning to understand your options and avoid costly mistakes. Review any applicable tax treaties between the U. S. and your home country to reduce the risk of double taxation. By taking a proactive approach, you can make the most of your U. S. retirement savings, even as a non-resident. --- > Faced with ISA or UK pension closure? Get US-UK investment account that won't be closed or restricted. - Published: 2025-01-25 - Modified: 2025-02-20 - URL: https://edale.co/investment-solutions-for-us-uk-no-closure-nor-restrictions/ - Categories: us uk financial advisor - Tags: dual citizenship investments, FATCA compliance, financial advice for US expats, investment account transfers, ISAs for US-UK citizens, Junior ISAs, Lifetime ISA for Americans, tax-efficient savings, US Persons investing in the UK, US-friendly investment platforms Edale supports lots of young professionals and children that are US Connected people in the UK. It is common for us to hear stories that investment accounts get closed or frozen for American children or young professionals. They often feel they need to close the account or have it forced closed on them. Transfers to a platform that accepts Americans and a financial adviser to help know the rules can provide guardrails and reassurance to investment for the future while being an america. Stories of investment accounts being closed for US-UK citizens are on social media. Below are a few samples. Investment platforms in the UK have shut down or frozen accounts after detecting that individuals are US Persons because FATCA and IRS reporting requirements are complex.  When investment platforms suddenly close accounts when they discover they belong to US Persons, the move leads to significant financial and tax consequences since ISAs lose their valuable tax-free allowances.  The action may compel investors to liquidate their assets which could result in financial losses if market conditions are poor.  The best approach involves moving accounts to platforms which can service US Persons so that tax benefits are maintained, and investment plans remain uninterrupted. Investment platforms that do not accept Americans in the UK Parents of young children and new investors often use online investment platforms, which they do not realise do not accept Americans. Below are a sample of the platforms we have spoke to clients or transferred restricted accounts to our US friendly investment platforms in the UK. Trading212 The online trading platform trading212 has appealed to younger investors but its Terms and Conditions are clear its does not accept US Persons. See https://www. trading212. com/legal-documentation Moneybox Across Moneybox's terms and conditions, they show that US Persons are not able to have accounts with them for Lifetime ISA, Stocks and Shares ISA, Junior SIPP or Cash ISA. See https://www. moneyboxapp. com/terms-and-conditions/ Plum App The Plum App terms and conditions show they do not accept Americans https://withplum. com/legal/terms Interactive Investors www. ii. co. uk Situations we have seen on closed investment accounts as US Person The scenarios below are examples of situations we have seen. Its import to select an investment platforms, and we belive get advice, to cater to the unique needs of US Persons. Transferring accounts, rather than closing them, is the best solution. It keep tax-efficient savings working for you, prevents unnecessary investment losses, and supports long-term financial goals. ISA Frozen Due to US Citizenship: Emma who holds dual citizenship in the UK and US started a Stocks and Shares ISA to save money for her future. She put money into UK mutual funds, which experienced steady growth for two years. After discovering Emma's US citizenship, the platform froze her account because of FATCA regulatory rules. Emma had to close her account within 30 days by selling off her mutual funds. Emma had to sell her investments at a 15% loss because her forced account closure aligned with a market downturn. The closure permanently eliminated her ISA’s tax-free status, reducing future reinvestment benefits. If the platform had encouraged transferring to a US-compliant provider Emma would have avoided losing her tax-free benefits and prevented unnecessary losses. There are also the additional impacts of punitive taxes as she was invested in UK ETFs. American's Lifetime ISA for First-Time Buyers: Jack, who holds dual citizenship, started a Lifetime ISA (LISA) to accumulate funds for a house deposit while benefiting from the government’s 25% bonus. Jack saved consistently for three years to receive the government bonus. The platform froze Jack's LISA when they discovered he was a US Person because of compliance requirements. Jack had to close his account as he had not considered a transfer was possible and resigned he was only able to do esaver accounts. The absence of a solution resulted in the forfeiture of his government bonus and withdrawal penalties. This setback delayed his home purchase plans. The situation could have been improved if Jack's LISA had found a US Person friendly platform from day 1 or considered a transfer to a provider capable of serving US Persons so that his savings and bonus were preserved. US Expat Stocks and Shares ISA Invested in shares: Sophie used a Stocks and Shares ISA to invest in shares from companies she liked and brands she knew. Her parents had offered to fund some of the accounts, and college had taught Sophie the positive habit of regular savings. As a dual citizen of the UK and US, Sophie was stayed in the UK after graduating from University.  She intended to keep these investments until later in life or retirement.  After recognising her as a US Person because the original platform did not ask her about citizenships the platform notified her that the ISA was going to be closed immediately.  Sophie had to sell all her investments because of this situation, with some investments being profitable and others making losses.  The sale of Sophie's investments brought about US tax issues due to triggering capital gains tax events, which created problems besides some financial losses.  If Sophie had moved her ISA to a platform that supports US Persons before issues arose, she could have preserved her investments and maintained her UK tax-free allowances. These scenarios highlight the importance of selecting investment platforms that cater to the unique needs of US Persons. Transferring accounts, rather than closing them, ensures tax-efficient savings, prevents unnecessary investment losses, and supports long-term financial goals. Edale does accept US UK Children and young adults to invest - all are welcome Edale offers investment solutions for US-UK children and young adults, simplifying the challenges associated with dual citizenship and international tax laws.  Edale remains open to all clients and fulfils their investment requirements without restrictions, solving the issues other platforms can create when closing accounts or imposing limitations after identifying a US Person's status.  Helping young investors create a stable financial foundation through Junior ISAs and SIPPs or General Investment Accounts, Edale also acts as a housekeeping to help individuals maintain UK and US regulatory compliance.  Edale offers access to appropriate investment products while managing tax-efficient accounts such as ISAs for young people and provides family guidance to safeguard their savings and allowances.  If you want services to meet the specific needs of US-UK challenges for investing. Or, to enable your children and young adults to start their investment journey with confidence and achieve long-term financial growth regardless of their citizenship status, take a moment to contact us or book an appointment. All the links are in the footer of this page, so it's super easy. --- - Published: 2025-01-20 - Modified: 2025-01-29 - URL: https://edale.co/us-citizens-buying-property-uk-tax-challenges/ - Categories: us uk financial advisor - Tags: Americans in the UK, capital gains tax, Estate Planning, expatriates, foreign mortgage gain, tax challenges, UK property, US citizens, US tax compliance Tax challenges for US Citizens buying a house in the UK face tax challenges in the USA that should be borne in mind. Additionally, if American-based parents give you some cash towards a deposit, you need to be aware of the impact of estate planning. Therefore, whether buying property alone or with a UK spouse, understanding the tax landscape is essential to avoid unexpected liabilities. Proper planning can help mitigate these taxes, ensuring compliance while minimising financial impact. Can Americans buy property in England, Scotland or Wales? Yes, there are no legal restrictions preventing expats from buying property in the UK, so nearly anyone, regardless of nationality. There are 2 different legal systems to consider as Scotland has a different tax system to the UK. US Property Sales Tax Rates for the UK houses US citizens pay capital gains tax on any profits from selling a UK property. Positively, there is a capital gain exclusion for Americans selling their primary residence in the UK: US$250,000 for single filers. US$500K if married and joint filing. It must have been the seller’s principal residence for two out of the past five years.  It needn’t be consecutive, with exemptions that apply for work-related travel. But dual nationals, or the US citizens of the UK who are married to one another, should be careful.  The US$250,000 exemption is available to a UK spouse, but it can also trap the spouse into international earnings and assets into the US tax code. US Property Sales Tax Rates for any UK Second Homes Any gains on the sale of second homes, including UK rental properties, are taxed at 15–20%. Other Tax Considerations Foreign Mortgage Gain When a US person sells a UK house which has an outstanding mortgage they must translate the sale into US dollars and report the sale.  The fluctuation in the rate of exchange of currency is taxable if there is a "mortgage income gain" that is subject to US income tax rates.  Losses due to the difference in exchange rates are not deductible. Net Investment Income Tax (NIIT) Exceeding the capital gain exclusion also attracts the 3. 8% NIIT if the seller’s gross income exceeds: US$200,000 for single filers. US$250,000 for married filing jointly. How are gifts from American resident parents treated? Depending on where you live, there could be national and state tax consequences for gifts to family members to help them purchase a property. For example, US-based parents give gifts to siblings who are UK residents are subject to tax rules in both countries.  Here’s a breakdown: US Tax Rules Gifts from a parent to a child are exempt from gift tax in the US due to the annual exclusion that allows one parent to give up to $17,000 (2023) to any number of people without gift tax.  When the gift is higher than this, the excess may be subject to gift tax, but there is also a lifetime exemption amount that can be applied. UK Tax Rules Gifts from parents to children don’t normally incur UK inheritance tax (IHT) in the UK if the parent doesn’t live in the UK.  But if the parent lives in the UK, the gift could be subject to IHT if it is more than the nil-rate band (currently £325,000).  For spouses and civil partners, gifts are generally IHT-free if the recipient is a resident of the UK. Estate and Gift Tax Treaty between the US and the UK The US-UK estate and gift tax treaty prevents double taxation as only one country imposes its axes and the other allows foreign tax credits against taxes already paid. Gifts and estates are exempt from double taxation under this treaty, so it eases the burden on individuals with cross-border financial interests. Considerations for Expatriates If you’re a US expat in the UK, you must be well-versed in US and UK tax rules and their interplay.  Working with a cross-border tax specialist financial advisor can help keep you compliant and tax-efficient. --- > Open an ISA for US citizens and children that live in the UK. No hassles and qualified advisers to help you. - Published: 2025-01-15 - Modified: 2025-04-30 - URL: https://edale.co/open-a-stocks-shares-isa-for-us-uk-citizen/ - Categories: ISAs for Americans, us uk financial advisor - Tags: Americans in the UK, ISA tax implications Expats in the UK, including children, can open an ISA with Edale instantly. The key features and application form are below. Our Individual Savings Account (“ISA”) is an investment account that allows US Citizens who are UK taxpayers to contribute post-tax funds on an annual basis. Get an idea of the costs for our American ISA. We offer a range of investment strategies and request a factsheet to see how the default strategy performs and is invested. Free Account Opening Open an account quickly and easily. Online Account, Human US UK Advice Open an online account. Access unbiased, expert advice. No Minimums No minimums to access our US UK ISA. Why Open a Shares ISA with Edale If You’re a US Citizen and Live in the UK? Optimise Your Tax Allowance & US-UK Tax Issues Take advantage of the UK tax advantages of an Investment Savings Account (ISA). However, it requires a tailored approach for US citizens residing in the UK. With Edale's by your side, we navigate you through the unique challenges while bringing ISA benefits to you. ISAs need special preparation for US citizens residing in the UK. Financial advice to help Americans get these ISA benefits: Advantages of an American Shares ISA with Edale: UK Tax Saving with Professional Guidance Exemptions of HMRC for income tax and capital gains tax on ISA investment. Collaborate with experts who have worked with US citizens on cross-border tax. Take advantage of lower income tax in the USA. Wealth accumulation that avoids capital gains tax through minimal chargeable events. Avoidance of IRS Pitfalls Avoid punitive taxes on PFICs by picking right investments. Support to file compliance forms with your US tax returns and report ISAs in FBAR filings. Payment Control and Cash Flow Allocate money effectively to investments without paying heavy transaction fees. Build a stable portfolio over time in a long-term financial plan. Personalised Investment Options Purchase single shares, bonds, or cash — no PFICs and IRS compliant. Access to human financial advice for you. Why Choose Edale for a US ISA? US-UK Dual Tax ExpertiseEdale’s financial planners help US residents to invest – and they understand the intricacies of US and UK taxation. Holistic Financial PlanningInclude ISAs as part of a long-term investment plan to maximise return and minimise tax. Support Across Tax BandsBuild in the benefits for those in higher UK tax brackets or who qualify for additional foreign tax credits, so that the ISA structure adds value to your financial game. Are You Ready to Open your ISA? Open a Shares ISA for a UK resident who is American. Optimise your investment portfolio and pay less in taxes (no UK taxes and optimised for US taxes). Applications can be made online. Or speak to Edale to learn more about individual advice and financial planning. You may get back less than you invest. ISAs involve risks to capital. ISA Season. Open Shares ISA Online. Accepts US UK Citizens. More details. Default investment strategy for American Stocks and Shares ISAs Edale offers a range of investment strategies for Americans. The default strategy is UK-listed equities. Edale’s UK Stock Growth Strategy offers exposure to major UK-listed companies for those interested in the UK market. The portfolio mirrors the MSCI UK Index, targeting dynamic sectors like health care, financials, and consumer staples. This approach aims for long-term growth by investing in a wide array of sectors, reflecting a comprehensive market representation with about 20 holdings. The strategy is suitable for investors prepared for significant market fluctuations and who are in it for a minimum of five years . Description of UK Equity Strategy for US/UK Citizens Industry Cash ISA Rates The Bank of England tracks the rates of interest that ISA providers are making. These are typically pretty paltry and you can see below. DateISA Rate (inc Bonus)ISA Rate (exc Bonus)ISA 1 yr fixedISA 2 yr fixed Loading... (async function{ const csvUrl = 'https://docs. google. com/spreadsheets/d/e/2PACX-1vQ4b6dswmBTV9AsU3AfWXTUPYfCMHV_qOQG5W0Z5pt5pS8_rLnRHHmozv0-s_ZnJxWkwqIBL9OjSug_/pub? output=csv'; const res = await fetch(csvUrl); if (! res. ok) { return document. querySelector('#out tbody'). innerHTML = 'Error loading sheet'; } const text = await res. text; const parsed = Papa. parse(text, { header:true, skipEmptyLines:true }). data; // Map our codes → actual CSV header names const codes = ; const headers = parsed. length ? Object. keys(parsed) : ; const codeCols = codes. map(c => headers. find(h=>h. includes(c))); // Take last 3 rows const last3 = parsed. slice(-3); const out = document. querySelector('#out tbody'); out. innerHTML = ''; last3. forEach(r => { const tr = out. insertRow; // Date tr. insertCell. textContent = r || ''; // the 4 series codeCols. forEach(col => { tr. insertCell. textContent = r || ''; }); }); }); We pride ourselves on offering value for money returns on cash. We favour investments for long-term savings, but realise cash can be a short-term asset. We can provide a range of investmnt accounts with our preferred investment custodians. Below is a comparison of cash earned by clients in our solution versus peers. Source: interative brokers, ii. co. uk, home. saxo (Classic account), ajbell. co. uk, hl. co. uk, freetrade. io (Standard account), swissquote. com, degiro. com/uk, ig. com/uk 'N/A' was used when no 'primary' source for the offered rates could be found. In some cases, the broker does not support cash balances in the currency. In others, the broker likely offers 0%, but does not advertise it. (async function{ // ==== 1) YOUR SHEET INFO ==== const PUB_ID = '2PACX-1vQ4b6dswmBTV9AsU3AfWXTUPYfCMHV_qOQG5W0Z5pt5pS8_rLnRHHmozv0-s_ZnJxWkwqIBL9OjSug_'; const GID = '459285670'; // ← replace with your actual gid // ==== 2) Build CSV URL ==== const csvUrl = `https://docs. google. com/spreadsheets/d/e/${PUB_ID}/pub? gid=${GID}&single=true&output=csv`; // ==== 3) Fetch & parse CSV ==== const res = await fetch(csvUrl); if (! res. ok) { document. getElementById('out2'). innerHTML = 'Error loading sheet'; return; } const text = await res. text; const data = Papa. parse(text, { header: true, skipEmptyLines: true }). data; if (! data. length) { document. getElementById('out2'). innerHTML = 'No data found'; return; } // ==== 4) Filter only the NAV scenarios ==== const navRows = data. filter(r => r. Scenario && r. Scenario. startsWith('NAV =')); // ==== 5) Grab the column keys in order ==== const cols = Object. keys(data); // we assume first key is "Scenario", keep order // ==== 6) Build transposed table ==== const table = document. getElementById('out2'); // a) THEAD const thead = document. createElement('thead'); const htr = document. createElement('tr'); // first empty corner cell const blankTh = document. createElement('th'); blankTh. textContent = ''; htr. appendChild(blankTh); // then one per scenario navRows. forEach(r => { const th = document. createElement('th'); th. textContent = r. Scenario; htr. appendChild(th); }); thead. appendChild(htr); table. appendChild(thead); // b) TBODY: one row per original column (skip 'Scenario' column) const tbody = document. createElement('tbody'); cols. filter(c => c ! == 'Scenario'). forEach(colName => { const tr = document. createElement('tr'); // row header: the provider name const th = document. createElement('th'); th. textContent = colName; tr. appendChild(th); // one cell per navRow navRows. forEach(r => { const td = document. createElement('td'); td. textContent = r || ''; tr. appendChild(td); }); tbody. appendChild(tr); }); table. appendChild(tbody); }); Loading... (async function{ // 1) Your sheet’s publish-to-web ID and the GID of the IBKR Rates (GBP) tab const PUB_ID = '2PACX-1vQ4b6dswmBTV9AsU3AfWXTUPYfCMHV_qOQG5W0Z5pt5pS8_rLnRHHmozv0-s_ZnJxWkwqIBL9OjSug_'; const GID = '459285670'; // ← replace with your actual gid // 2) Build the CSV URL for that single tab const csvUrl = `https://docs. google. com/spreadsheets/d/e/${PUB_ID}/pub? gid=${GID}&single=true&output=csv`; try { // 3) Fetch the CSV const res = await fetch(csvUrl); if (! res. ok) throw new Error('Network response was not OK'); const text = await res. text; // 4) Parse as an array of arrays (no header row) const rows = Papa. parse(text, { header: false, skipEmptyLines: true }). data; // 5) B5 is row index 4, column index 1 (0-based) const b5 = (rows && rows) || ''; // 6) Display it document. getElementById('b5-value'). textContent = b5; } catch (err) { document. getElementById('b5-value'). textContent = 'Error: ' + err. message; } }); Investment factsheet for Edale's US Person ISA The Portfolio Factsheet is a summary document prepared by Edale that can help you decide whether it's the right strategy for you. It typically includes the investment objective, holdings analysis, and data about its past performance. The value of investments can fall as well as rise and you may get back less than you invest. Request Your Stocks & Shares ISA Factsheet Your Name (required) Your Email (required) Adult ISA for US Persons Accumulate wealth with a tax-advantaged account in the UK Easy peasy: Straightforward online account opening. Support from real people to invest in the right strategy. Avoid IRS Punitive Tax on PFICs: Shield your investments from unfavourable U. S. tax treatment on Passive Foreign Investment Companies (PFICs). US-UK Adviser Expertise: Access real-world guidance from advisers specializing in US-UK tax reporting to ensure compliance and maximize tax efficiency. Cost-Effective Cash Management: We allocate cash strategically to full shares, avoiding excessive dealing fee and optimising buy and hold. Open a Shares ISA for US UK Person Junior ISA for US Persons Accounts for future generations Guardian/Parent opens an account and then selects Junior ISA account. Easy peasy: Straightforward online account opening. Support from real people to invest in the right strategy. Avoid IRS Punitive Tax on PFICs: Shield your investments from unfavourable U. S. tax treatment on Passive Foreign Investment Companies (PFICs). US-UK Adviser Expertise: Access real-world guidance from advisers specializing in US-UK tax reporting to ensure compliance and maximize tax efficiency. Cost-Effective Cash Management: We allocate cash strategically to full shares, avoiding excessive dealing fee and optimising buy and hold. Open a Shares ISA for American Child ISA Cost Illustration // Global lookup for growth rates by investment holding type and growth option. const growthRatesByType = { A: { cis: { low: -0. 015, mid: 0. 015, high: 0. 045 }, isa: { low: -0. 010, mid: 0. 020, high: 0. 050 } }, B: { cis: { low: -0. 0025, mid: 0. 0275, high: 0. 0575 }, isa: { low: 0. 0025, mid: 0. 0325, high: 0. 0625 } }, C: { cis: { low: 0. 005, mid: 0. 035, high: 0. 065 }, isa: { low: 0. 010, mid: 0. 040, high: 0. 070 } }, D: { cis: { low: 0. 010, mid: 0. 040, high: 0. 070 }, isa: { low: 0. 015, mid: 0. 045, high: 0. 075 } }, E: { cis: { low: 0. 015, mid: 0. 045, high: 0. 075 }, isa: { low: 0. 020, mid: 0. 050, high: 0. 080 } }, F: { cis: { low: 0. 015, mid: 0. 045, high: 0. 075 }, isa: { low: 0. 020, mid: 0. 050, high: 0. 080 } }, G: { cis: { low: 0. 015, mid: 0. 045, high: 0. 075 }, isa: { low: 0. 020, mid: 0. 050, high: 0. 080 } } }; // Helper function to format numbers as UK currency with commas. function formatCurrency(num) { return num. toLocaleString('en-GB', { style: 'currency', currency: 'GBP' }); } // Helper function to calculate projected value given a number of years and growth rate. // Uses an annuity due formula for annual contributions. function projectedValue(year, rate, lumpSum, annualContribution) { let lumpValue = lumpSum * Math. pow(1 + rate, year); let annuityValue = (rate ! == 0) ? annualContribution * ((Math. pow(1 + rate, year) - 1) / rate) * (1 + rate) : annualContribution * year; return lumpValue + annuityValue; } // When the Account Type changes, update the default Growth Option. document. getElementById("isaType"). addEventListener("change", function { const isaType = document. getElementById("isaType"). value; const growthOptionSelect = document. getElementById("growthOption"); // If a GIA is selected, default to Collective Investment Account (cis); // otherwise default to ISA and Pension products (isa). growthOptionSelect. value = (isaType === "gia") ? "cis" : "isa"; }); function validateForm(event) { event. preventDefault; const lumpSum = parseFloat(document. getElementById("lumpSum"). value) || 0; const monthlyInvestment = parseFloat(document. getElementById("monthlyInvestment"). value) || 0; const isaType = document. getElementById("isaType"). value; const annualContribution = monthlyInvestment * 12; const investmentType = document. getElementById("investmentType"). value; const growthOption = document. getElementById("growthOption"). value; // Look up the selected growth rates. const selectedGrowthRates = growthRatesByType; // Build an array for low, mid, and high. const growthRatesArray = ; const ISA_LIMIT = { adult: 20000, junior: 9000, gia: Infinity }; const PLATFORM_FEES = { adult: 3, junior: 1, gia: 3 }; // Base fee parameters. const ADVISORY_FEE_RATE = 0. 005; // 0. 5% const TRADING_FEE_PERCENT = 0. 0005; // 0. 05% const MIN_ORDER_FEE = 1; // GBP const MIN_TRADE_AMOUNT = 300; // GBP const annualInvestmentTotal = lumpSum + annualContribution; const infoBar = document. getElementById("infoBar"); // Validate ISA limits (only for Adult and Junior) if (isaType ! == 'gia' && annualInvestmentTotal > ISA_LIMIT) { infoBar. textContent = `Total investment exceeds the annual ${isaType === 'adult' ? 'Adult' : 'Junior'} ISA limit of £${ISA_LIMIT. toLocaleString}. `; infoBar. style. display = "block"; return false; } infoBar. style. display = "none"; // --- Base Annual Fee Calculations (for contributions) --- const advisoryFeeContrib = annualInvestmentTotal * ADVISORY_FEE_RATE; const lumpSumTradingFees = lumpSum > 0 ? Math. max(lumpSum * TRADING_FEE_PERCENT, MIN_ORDER_FEE) : 0; let monthlyTradingFees = 0; let monthlyNote = ''; if (monthlyInvestment >= MIN_TRADE_AMOUNT) { const tradesPerMonth = Math. floor(monthlyInvestment / MIN_TRADE_AMOUNT); const tradeValue = monthlyInvestment / tradesPerMonth; const monthlyFee = Math. max(tradeValue * TRADING_FEE_PERCENT, MIN_ORDER_FEE); monthlyTradingFees = monthlyFee * tradesPerMonth * 12; } else if (monthlyInvestment > 0) { monthlyNote = 'Monthly contributions are too low to trigger trades (min £100 per trade). '; } const monthsWithTrading = monthlyInvestment >= MIN_TRADE_AMOUNT ? 12 : (lumpSum > 0 ? 1 : 0); const monthsWithoutTrading = 12 - monthsWithTrading; const platformFeeBase = monthsWithoutTrading * PLATFORM_FEES; const totalFeesBase = advisoryFeeContrib + platformFeeBase + lumpSumTradingFees + monthlyTradingFees; // --- Build the base fee breakdown table (Annual based on contributions) --- const resultsDiv = document. getElementById("results"); let html = ` Cost Breakdown (Annual - Based on Contributions) This section shows an estimate of all the costs and charges payable in the next 12 months. Refer to the Terms and Conditions and the Charges Schedule for more information about the charges. Description Amount Total Annual Investment ${formatCurrency(annualInvestmentTotal)} Advisory Fee (0. 5% on contributions) ${formatCurrency(advisoryFeeContrib)} Trading Fees (Lump Sum & Monthly) ${formatCurrency(lumpSumTradingFees + monthlyTradingFees)} Platform Fee ${formatCurrency(platformFeeBase)} Total Fees ${formatCurrency(totalFeesBase)} Total Fees as % of Contributions ${(totalFeesBase / annualInvestmentTotal * 100). toFixed(2)}% ${monthlyNote ? `${monthlyNote}` : ''} `; // --- 10-Year Projection (Gross vs Net) using the selected growth rates --- const projectionYears10 = 10; let projectionTableRows = ''; growthRatesArray. forEach(rate => { const grossLump = lumpSum * Math. pow(1 + rate, projectionYears10); const grossAnnuity = (rate ! == 0) ? annualContribution * ((Math. pow(1 + rate, projectionYears10) - 1) / rate) * (1 + rate) : annualContribution * projectionYears10; const grossTotal = grossLump + grossAnnuity; // For net, we reduce the rate by the fee percentage based on contributions. const netRate = rate - (totalFeesBase / annualInvestmentTotal); const netLump = netRate > 0 ? lumpSum * Math. pow(1 + netRate, projectionYears10) : lumpSum; const... --- > In their word testimonials from US UK Financial Advice for expat clients on 401ks, ISA, moving abroad, etc. - Published: 2025-01-15 - Modified: 2025-01-15 - URL: https://edale.co/us-uk-client-feedback-financial-advice/ Edale advises a range of expatriates. US UK dual citizens are a core part of our clients and we feel their words tell an important story of how we work and what we do for them. Prompt and helpfulEDALE was very prompt in contacting me and quickly arranged a first appointment. I was on a short deadline and they helped me achieve my objective in time. Lawrie was very helpful and conscientious and delivered exactly what he promised. Judedual US/UK nationality familyLawrie invested a great deal of time understanding our circumstances (dual US/UK nationality family) before any recommendations were discussed I am very happy with the outcome and intend to continue the relationship in the longer term. GavinInformative and friendlyI had a call with Lawrie to discuss some queries I had as a US citizen living in the UK. He was very helpful and provided me with very useful information and advice ShaneVery quick to respond & helpfulI pretty much had my questions answered within 3 emails. Great service. ThomasWe’ll be backI had an excellent experience with Lawrie, who demonstrated a deep understanding of the complexities involved with our dual UK/US citizenship. In just a brief meeting, he provided specific advice and tailored recommendations that addressed our unique financial situation. His expertise and clear communication were incredibly helpful. Highly recommended! DominicExcellent, knowledgeable, professional serviceLawrie has been excellent to work with, after searching for quite some time to find a company that does not require minimums to get started. He is responsive and thorough, and wants his clients to understand the process. They have all the services I need and I feel confident in my financial future. Would definitely recommend. AbigailI would highly recommend using Edale. Lawrie has been most helpful with a variety of US retirement questions. He has provided good information and succinct advice. SarahVery thorough and pertinent advice from Lawrie. He has ample patience for someone my age and didn’t make me feel rushed or under pressure. I have complex tax and investment needs covering both the US and UK. My goal is to retire in the UK after many years of working in the US. This is a daunting move with tax consequences if done without advice. I was given advice for my personal situation and investment goals, and so far am very impressed with the advice I have received from edale. I look forward to working with edale in the future. VivienVery polite and friendly and helpful! Our situation is a little complex, and although Lawrie couldn’t help directly they recommended a couple of other companies for us to contact. Many thanks! LisaPhoned on the off chance. Got very helpful signpostingI phoned up on the off chance and was given a very helpful overview of my situation by Lawrie. I would certainly come back for more advice should it be necessary. KathrynVery knowledgeable, great experience with EdaleI had a chat with Lawrie today. Very lovely to chat to and clearly knows his stuff. He gave me some good advice and I really appreciated it. Would definitely recommend him and Edale in the future. AdamSuper speedy and extremely helpful response! I had a pressing query about US/UK banking and received a speedy (same evening! ) extremely helpful response. Thank you so much! FrevisseBringing clarity to UK/US retirement questionsI had an incredibly positive experience working with Edale to navigate the complex world of UK/US cross-border financial planning, especially as it relates to investing for retirement. As a dual UK/US citizen married to a fellow dual citizen, and having lived in the UK since 2010, I was overwhelmed with how to most tax-efficiently invest for retirement given our mix of accounts in both the US (IRAs and Roth IRAs) and the UK (SIPP, employer pension, and USS). Thankfully, Edale provided clarity and guidance on every front. JesseGenuine Concern EasedI had a call with Lawrie to discuss my retirement funding and challenges being a dual UK US citizen. His insight was keen, knowledgeable and helpful. We decided it was a bit early for me so I’ll be calling him closer to my retirement date in 2027. I felt no pressure and he was genuine in his advice. GreggReally helpful 121 consultationReally appreciated the 121 consultation with Lawrie who provided helpful information and considerations as a US Citizen residing in the UK. Lawrie patiently answered our specific questions as a young couple (myself American and husband British), provided a helpful resource link afterwards, and was straightforward with next steps, without it feeling like a hard sell. Would definitely recommend to anyone and would contact Lawrie in future for future planning/ questions! Kathryn100% Recommend Edale! Lawrie and Edale have been incredibly thorough and supportive throughout the journey – from the moment I’ve consulted about my unique circumstances with regards to investment options (being a dual US citizen living in the UK) to onboarding me as a client to invest through them. I am so happy and relieved hat I’ve finally found a solution to a problem I’ve had for years, and so grateful for Lawrie being so thorough with the whole process – all the information was made easy to digest and understand, and I could (and still can) reach out to Lawrie whenever I had/have questions, and he was readily available and prompt with his responses. I love that Edale accommodates to clients of various sizes, and that I can invest at the pace and amount I feel comfortable in. Thank you so much! NinaVery helpful, personalised advice based on my specific situation. highly recommended! ! so helpful & provided quick, personalised advice very smoothly through WhatsApp. very highly recommended! KateGreat meeting! Lots of information and questions answered around FIG regime and PFICs. Really helpful consultation. KiranFantastically knowledgeable helpAsked for a Zoom interview as I was confused about the likely tax rates and how to proceed on my little US retirement savings from a two-year employment some years ago, being a permanent UK resident and finally old enough to take them out. Laurie clearly knew the exact situation, helped me to understand the jargon, could answer all my questions easily, and showed me clearly how to proceed so as to end up paying a much smaller tax rate than the scary 30% that I’d seen banded about on websites. No attempt to sell me anything I didn’t need, and a complete understanding that my income and savings are small and not ‘big gun’ investments. Very very helpful – thank you so much! ClareEdale were very helpful giving advice about how to handle taxes for US/UK dial citizens living in the UKI chatted with Edale to find answers to a number of questions I had about how to manage taxes when a dual US/UK citizen living in the UK. They were very familiar with the complexities of this situation and how to handle both the IRS and HMRC tax returns and additionally had advice on retirement. I highly recommend Edale. DavidLawrie was very helpful and provided me with some useful guidance on an investment basis. I have tax and financial affairs that are more complex than usual, due to holding multiple citizenships and Lawrie was very knowledgeable and able to answer many of my questions over a 10 minute call. I would highly recommend this company as a first port of call for financial affairs or tax planning ideation. I was able to quickly book a consultation at no cost and left the call confident in what my options were going forward. Lawrie was very patient and listened to my circumstances meaning I did not feel rushed and was reassured about my financial concerns. AlexEverything I needed! I found Edale online as I had discovered how difficult it was to find a financial advisor able to advise me because of my USA citizenship. Lawrie was just the ticket – a straight talking, forward thinking Financial Advisor with a depth of understanding around the tax implications of various investment vehicles as it related to expat Americans. His solutions were inventive and right away I made a huge financial win that would have otherwise passed me by! I highly recommend! KellyKnowledgeable, concise and accessible. Lawrie was extremely helpful in bringing clarity to my situation and advising the best way to handle my US investments and pension while living in the UK. I appreciate his concise approach with no sales pitches. KarenGreat company, provided exactly what I neededVery happy that I stumbled on to Edale. They provided exactly what I was looking for, which was a relief given I had struggled to find any expertise in UK/US tax from various searching and somewhat inconsistent information by googling. As a UK citizen/resident I was needing help to understand the tax situation regarding 401Ks and IRAs that I had left in the US from time working there, and how the tax treaty would apply. Lawrie spent the time needed as one-off advice, explaining the situation and provided a letter to me, for use with the HMRC if ever required. The process was painless, cost effective, extremely quick and on point. Thanks Lawrie and the Edale teamDouglasWould recommend. The free chat was very useful to pinpoint exact needs. In my case I was pointed to a non affiliated accountant who could best serve my specialist needs. No hard sell for their other services. Would recommend. StuartI had a long conversation with Lawrie Chandler to explore the financial implications of moving my tax residency from the US to the UK. I found his knowledge of the pros and cons very helpful. Some specialists in international relocation and tax affairs who will give only a short interview and are sparing in their advice until you sign up and pay their fees. From my experience, Edale let’s you explore the many what-ifs in a friendly exchange of views and options. My instinct tells me that the company focuses on long-term relationships built on trust and mutually beneficial results. MarkMost helpful Knowledge and guidance offered through generosity and sincerity. Deeply appreciated blue ribbon customer service. I’m currently going through a divorce and was in desperate need of financial help and guidance. I’m a US American living in the UK. I was searching for someone who knows, and could give financial advice for both sides of the pond; so to speak. I also was wanting a small and personal, yet local group in Surrey. Laurie offered his time, pro bono, to help walk me through and do all the necessary math to get the information I was needing. He did this knowing I had no money to invest (or even give advice on) at that time. This is customer service at its very best. I think I almost cried when he said he could help me with that free of charge! StacyDrawing down US pensions from the perspective of a UK residentLawrie was approachable, knowledgable and pragmatic on the reality of drawing down US pensions from the perspective of a UK resident. I’d recommend Lawrie and Edale. DonaldGreat service and advice. Lawrie was really helpful. Very easy to talk to. Possessed a depth of knowledge. Made sure he answered all my questions. I highly recommend Edale and Lawrie in particular. ClaireFantastic Service – Thanks so muchSignposting advice on main considerations as an US expat in the UK. JoshExcellent Service Highly RecommendLawrie was absolutely fantastic with helping me manage my SAYE transfer with very little hassle or worry. There are a lot of companies out there who only focus on high net worth individuals or charge an arm and a leg to help regular people, but Edale is not one of them. This company is committed to helping regular folk build wealth at a reasonable price and I’m thankful for that. PreciousVery Helpful Initial ConsultationI just had an initial consultation and Lawrie was very helpful. He answered all the questions I had, and followed up with an email containing helpful links and advice. I’m looking forward to continuing with this service. SarahIncredibly valuable free consultation, evaluated our options, suggested new ideas. My wife and I had a free consultation with Lawrie from Edale this morning. We have a difficult decision to make of how to use the substantial inheritance money that needed both US and UK expertise. We are deciding between buying to let properties in the USA and repaying our mortgage and investing in the UK. Lawrie gave us a comprehensive analysis of the pros and cons of both strategies. He also brought our awareness to maximising our pension capabilities and offsetting our UK mortgage while we are waiting for the rest of the funds from the USA to become available. Everything he explained was in simple language and very clear. The consultation has given us a huge amount of pure value without trying to sell us any products. We are very grateful, thank you so much. AlexanderAmazingly helpfulLawrie was so helpful and patient, going through form with me to make sure I understood what I needed to fill in for a complicated matter. KatieSuper helpful guidance from Lawrie which helped to make sense of a multitude of potential US/UK issues. Great signposting and he clearly is well versed in his field. Lawrie provided a helpful insight into the common pitfalls to consider and avoid when it comes to US/UK inheritance planning. He succinctly gave us an overview of the dual regimes and provided a road map for us to work our way through. MaryIncredibly helpful and informative. My wife and I had the pleasure of speaking with Lawrie at Edale about the complexities of moving our finances from the US to the UK. We were made to feel like no question was too big or too small, and Lawrie took the time to respond to each of these individually with great insight and guidance. We’d like to thank Edale and Lawrie for their helpful, informative and friendly service. RoryMost helpful when trying to navigate Accidental American Kids complianceThanks to Laurie Chandler for offering advice and his patience in steering me in the right direction. FionaVery generous time and interest. Advice that I hadn’t found anywhere else. Thanks! Lawrie was very generous with his time and interest and gave me excellent advice that I hadn’t found anywhere else. Thanks! JimmieKnowledgable and helpful, addressed my particular circumstances very wellLawrie addressed my retirement aspirations, tax questions, and financial position with the specific cross-jurisdiction knowledge I’d been seeking. I now feel more confident about my financial health and look forward to seeing the options Edale has to help me get investments in order. KathrynQuick and effectiveI highly recommend Lawrie at Edale for quick and effective investment support. When I wanted to set up a Junior ISA for my daughter, who holds dual US and UK citizenship, Lawrie provided clear guidance on the available options. He handled the entire process with impressive efficiency, setting up the account in no time. His expertise made the experience seamless and stress-free. WillQuestions relating to access to my 401K pensionI had... --- > Discover the tax benefits and advantages of ISAs for Americans in the UK. Tax-free in the UK but taxable in the US, ISAs boost your savings. - Published: 2025-01-08 - Modified: 2025-05-09 - URL: https://edale.co/why-an-american-in-the-uk-should-consider-using-an-isa-despite-u-s-tax-implications/ Americans who live in the UK have different financial options open to them, in particular in terms of investment and taxation.  A unique option for UK citizens is an Individual Savings Account (ISA).  ISAs have tax benefits in the UK, but they are not taxed by the IRS in the US.  Americans can be significantly advantaged from investing in ISAs. Some false reasons a US Person should not invest in ISA Let's be clear: Americans should invest in ISAs; to not use the UK allowance is financial ignorance. There are common questions about ISA and problems for Americans. Let's bust some false answers as they are incorrect and too frequently peddled. Common ISA questions from American in the UKThe truth and fact based answerCan I open an ISA as an American? Yes, you can. There is no legislation reason to prevent an American in the UK from investing in an ISA. Some financial institutions do not accept Americans because of the compliance and monitoring burdens put on them by FATCA. Can US citizens have a cash ISA? Yes, you can. There is no legislation reason to prevent an American in the UK from investing in an ISA. Some financial institutions do not accept Americans because of the compliance and monitoring burdens put on them by FATCA. Americans cannot invest in an ISA? False, Americans can invest into an ISA if they choose and are resident in the UK. Frequently quoted reasons Americans should not invest in ISAs What is an ISA? An ISA is a UK-based investment/savings account that lets you save or invest up to £20,000 per year and pay no UK tax on interest, dividends or capital gains.  There are different ISAs: Cash ISAs: Focused on savings with interest earned tax free in the UK. Stocks and Shares ISAs: Allows to invest in stocks, funds, and securities. Lifetime ISAs (LISAs): Perfect for first-time homebuyers or retirement savings, with a 25% government bonus of up to £4,000 a year. Do we recommend ISAs to US UK Citizens? Yes, ISA provides tax-advantaged benefits in a higher tax jurisdiction, so they have advantages for US taxpayers resident in the UK. There are some complexities to overcome, including holding the right investments and avoiding punitive taxes. Financial advice can provide a clear path to investment for dual citizens. The UK Tax Benefit of ISAs For UK taxpayers, ISAs are a win-win.  They eliminate taxes on: Dividends from stocks and shares. Capital Gains on investments sold in the ISA. Interest on Cash ISAs. The Tax View From the United States To ISAs Unfortunately, the United States does not treat ISAs as tax-sheltered accounts.  This means that: Dividends and interest are U. S. taxed. Capital gains realised within the ISA are taxable in the U. S. Things can be complex around reporting requirements due to PFIC (Passive Foreign Investment Company) rules of mutual funds and ETFs in Stocks and Shares ISAs. Edale can solve this by advising you how to invest and be in compliance with the tax rules. The high street solution for Brits does not work for Americans and hence the benefit of getting financial advice to avoid punitive taxes. Nonetheless, there are many good reasons for UK Americans to invest in ISAs if they use the long-term buy-and-hold strategy. ISA Tax advantage calculator Enter your annual salary in GBP and click “Calculate” to see your marginal income tax and capital gains tax bands for the UK and US (single filer). This is purely a guide and not professional advice. document. addEventListener('DOMContentLoaded', function { // 1) Fetch GBP-per-USD exchange rate async function getExchangeRate { try { let r = await fetch('https://api. exchangerate. host/latest? base=USD&symbols=GBP'); let d = await r. json; if (d? . rates? . GBP) return d. rates. GBP; } catch {} try { let r = await fetch('https://api. exchangerate-api. com/v4/latest/USD'); let d = await r. json; if (d? . rates? . GBP) return d. rates. GBP; } catch {} return null; } // 2) Tax-data & compute functions (same as before) const UK = { personalAllowance: 12570, basicUpper: 50270, higherUpper: 125140, rates: { personal: 0. 00, basic: 0. 20, higher: 0. 40, additional: 0. 45 }, cgt: { basicRate: 0. 18, higherRate: 0. 24 } }; const SCOTLAND_BANDS = ; const US = { income: , cgt: }; async function computeTaxInfo(salaryGbp, isScotland) { const gbpPerUsd = await getExchangeRate; if (! gbpPerUsd) throw new Error('Couldn’t fetch exchange rate. '); const usdPerGbp = 1 / gbpPerUsd; const salaryUsd = salaryGbp * usdPerGbp; // UK income‐tax let ukIncomeRate; if (isScotland) { ukIncomeRate = SCOTLAND_BANDS. find(b => salaryGbp --- > Learn about the 2025 distribution process for Brite Advisor beneficiaries, key dates, and necessary actions. Consultation ends 31 Jan 2025 - Published: 2025-01-02 - Modified: 2025-01-02 - URL: https://edale.co/brite-advisors-2025-distribution-plans-for-beneficiaries/ - Categories: Brite Advisors The Brite Advisor PTY Limited Receiver published several documents in December that created a clear framework for the 2025 distribution of frozen accounts to beneficiaries. The Explanatory Memorandum outline the proposed option/s for returning the funds to Brite platform clients. Beneficiaries should have acted upon valuation notices received by email. What Brite Advisor Beneficiaries Need to Know About 2025 Consultation Period: Beneficiaries have until 31 January 2025 to give inputs into the distribution proposal. Proposed Distribution: There are six groups that beneficiaries are grouped into that determine entitlements. Most assets are primarily pooled into the Deficient Mixed Fund, which will be distributed proportionately between eligible beneficiaries. Excluded assets like Moventum platform positions will be distributed separately. Court Applications and Hearings: The Receivers will submit a Distribution Methodology Application (based on the feedback) by 28 February 2025. Beneficiaries may file as interested parties with the court before 14 March 2025, and a hearing is due on 21 March 2025. Tax Consequences: Distributions are subject to waiting for tax issues, and this can influence dates and amounts. Identity Verification: The beneficiaries will have to submit an identity verification form to receive valuation notices, which are essential to confirm entitlements. Return of Money to Pension Funds and Reinvestment Choices: Return Process: Distributions for most beneficiaries will be made to their Corporate Trustees in the currency of their accounts. Corporate Trustees are in charge of these options and Beneficiaries should contact an outside adviser if necessary. Brite Advisor Distribution Timeline 4 December 2024: Explanatory Memorandum issued. 31 January 2025: End of Consultation Period for feedback. 28 February 2025: Filing of Distribution Methodology Application. 3 March 2025: Publication of Distribution Methodology Application. 14 March 2025: Deadline for applications for leave to appear. 21 March 2025: Hearing for applications for leave to appear. Understanding the Role of a Corporate Trustee, Beneficiary, and the Brite Platform Amongst all the technical documents that have been published, we think it's critical to explain the parties that are involved in the beneficiaries' money and pension. Understanding the various parties lets you know what to consider when Distributions are made about your assets. We have clients who have spoken to us to understand the parties and get a truly independent perspective to help them. The trouble with the various parties involved is the client hasn't always understood everyone's role and, therefore, what they can do when the money is returned to them. Most corporate trustees do not offer advice, only administrative information, and so a suitable adviser will probably be needed. We are happy to offer free no obligation consultations. The Beneficary: You – the investor You are the owner of the money in your pension or investment account. Think of yourself as the property owner who entrusts others to manage the property on your behalf. The Corporate Trustee: The Gatekeeper The corporate trustee is a middleman between you and the Brite Platform (or other asset management platform). Their role is to care for your money from an oversight and pension operations perspective and run it the way you want. Example: Suppose you hand over gold coins to a gatekeeper to deposit in a vault.  The guardkeeper will keep the gold coins safe and only give them to you, when you ask. Some of the Corporate Trustees, through QROPS or international SIPPS, we have seen with clients linked to Brite Advisers include: Concept Group iPensions (formerly Forthplus Pensions) IFG Pensions London & Colonial MC Trustees (Mattioli Woods) Praxis PES (formerly Trireme Pension Services) PSG SIPP Limited Relay Pensions that includes Relay Administration Limited, Corinthian Pension Trustees Limited, and Pantheon Pension Trustees Limited. STM in Malta and Gibraltar Sovereign Pension and Sovereign Trust The Pensions Solutions Group The Brite Platform: The Investment System The Brite Platform was the place where your money was put. Think of it as the chosen vault where the gatekeeper allows your gold coins to be kept, with your selected advisers then able to act in a way to grow the value of your gold coins by, for example, changing them into Silver coins or another asset. Unfortunately, the Brite Platform was not managed effectively, with all the treasures being stored and tracked incorrectly. The Adviser: The Trusted Guide Brite Advisors had an arm where the people there acted as your guide in addition to the investment system. The Guide, or Advisors, should have told you how to increase your investment and kept you informed. Now, knowing the roles of the various parties, the critical piece is that your adviser or guide should be the one that informs you what to do linked to your personal circumstances. The receivership of Brite now means many of their advisers are unable to offer advice. Some have moved to new businesses or no longer active. The critical assessment was did your Adviser, guide you suitably and propose parties and organisations that you can have confidence? Are you confident to act alone to reinvest the pension in the future? These questions are important as the next section explains where your money will be paid. Where Will My Brite Platform Money Be Returned To? Beneficiaries will receive their Distribution back to their Corporate Trustees. They can choose to transfer cash to new trustees if necessary or invest into a new suitable investment platform or access their benefits. The Corporate Trustees play a pivotal role in gatekeeping these options, but Beneficiaries are advised to seek independent advice if needed as the Trustee will only provide operational and administrative advice on your scheme. Since Dec 23, Brite Advisor and Platform clients have been given key information on the recievership process and options for them Lawrie Chandler, UK based expatriate adviser Read out customer ratings. Free IFA Appointment for US Person A Financial Investment Advisor for US Citizens in the UK Book Appointment How to find a good expatriate financial adviser Use a Regulated Financial Adviser Choose a company such as Edale, which is an FCA-registered expat financial planning business.   Verify the reputation of the adviser and check if they’re on the FCA register. Research Their Expertise Be sure the advisor has dealt with International passions (eg QROPS, SIPPs, etc) and knows the tax and regulatory landscape of both your current and former countries of residence. Avoid Cold Approaches Be wary of unsolicited calls, emails, or messages offering financial advice. These often come from advisers who may have obtained your details through unethical means. Report cold tactics to your local regulatory agency (like the FCA in the UK). Protect Your Personal Information Share personal details only with trusted and vetted advisers. If you believe your information is being misused, report it to the authorities and alter the contact details or account security. Check for Comprehensive Services Choose an adviser that offers all-around financial planning (such as: Tax-efficient pension transfers, investment advice management, financial planning, regular performance reports and regulatory news). Understand Fees and Charges Make sure you are transparent on your adviser fees, not extra costs that could drain your savings. Book an appointment Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? --- > US expats with 401k resident in UK, can roll 401k into a Traditional IRA or Roth IRA for greater investment flexibility, tax benefits and full UK/US pension advice. - Published: 2025-01-02 - Modified: 2025-01-27 - URL: https://edale.co/401k-rollover-to-ira-us-uk/ It can be confusing to handle your retirement savings as a US expat in the UK or as a Brit who worked in the US and is now living in the UK. Rolling a 401k into an IRA is one example of the US-UK complications. Understand the process, learn how to get started, know the tax implications, and what to do to ensure your financial future fits with your UK plans and pensions. Can an expat transfer 401(k) into an IRA account? Yes, non-residents can rollover into an IRA from their old 401k. You can move your 401(k) account into an IRA which will expand your control over your retirement funds.  When you roll over your 401(k), your funds move into a US-based Traditional IRA or Roth IRA. Benefits of Rolling Over to an IRA: Greater Investment Flexibility: Investment Choices in IRAs Offer More Variety than 401(k) Plans Tax Advantages: Traditional IRAs allow you to postpone paying taxes until retirement whereas Roth IRAs demand tax payments upfront but let you take tax-free distributions later. Avoid High Tax Penalties: US expats can prevent hefty tax penalties by rolling 401(k) funds into an IRA instead of transferring them into a UK pension. Key Considerations: Investment Choices: IRAs provide investors access to numerous types of investments like stocks and bonds as well as mutual funds and ETFs. Tax Planning: Expats must understand the tax consequences when rolling over funds into either a Traditional or Roth IRA.  Seeking advice from a finaceial professional will enable you to choose wisely. US expats frequently find it advantageous to transfer their 401(k) funds to an IRA because this action offers expanded investment control options and possible tax perks. What Are The UK Pension Options Available To US Expats? US expats can’t move their pensions overseas without paying a high tax bill (UK expats can move their pensions overseas, but these days, it's often not worthwhile for Brits to do that). But there are still many very attractive onshore options, like rolling your 401k into an IRA. Is There a 401k with an Old Employer? A 401k is a retirement account you open in the US and, as an employee, contribute to a long-term investment directly from your salary. These accounts become dormant when you leave the employer. You can choose to keep it where it is or move it to another plan. A 401k does not generally come with any investment advice or guidance beyond basic literature. Generally, it has limited investment choices unless you worked for a very good company with a great plan (e. g. , a Fortune 500 company). Some companies may encourage employees to invest in the firm’s stock which can cause wealth concentration issues. Others can be financed with a variable annuity contract which offers extra insurance on the plan assets for as much as 3% per year! When you have moved outside the US, you can roll over your 401k to an IRA. 401k Rollover Options Rollover to an IRA IRA rollover: You can transfer multiple 401ks to an IRA. IRAs tend to be much less expensive. IRAs also have a much wider selection of investments, such as ETFs, mutual funds, stocks & shares, and bonds. There is also a chance to hire an investment advisor to help you choose where to put your long-sought pension money, so long as the advisor is regulated in the UK and has access to a US IRA provider (not a common setup available in the UK and also few advisers have the US UK experience). Cash-Out Your 401k Withdrawing the money from your 401(k) plan means your cash distribution will be taxed in the USA and UK. An additional taxable charge of 10% is made if you are under 59 and a half. Check your plan's distribution rules and taxes on distributions before you make a decision or do anything. What should you think about when rolling over 401k to an IRA? As a US expat living in the UK, there are several advantages to rolling over your 401k into an IRA: More Investment Options: More investment options are available than in a 401k. Tax Efficiency: Adjust withdrawals to get maximum tax savings. Align US investments to those in the UK: Plan your investment according to other assets you hold, including those in the UK. Consolidation of Accounts: Streamline your retirement planning with advice on your whole pension arrangements. Guard against Heavy Taxation: Save yourself the hefty tax charge that goes along with moving a 401k into a UK pension. Traditional IRA vs Roth IRA: The Differences It is essential to know what the Traditional vs. Roth IRA are so you can make the right decision: Traditional IRA: Income Tax Deferral: pays no taxes until taking withdrawals at retirement. Immediate Tax Benefit: No tax when rolling over. Tax on Retirement: Withdrawals are treated like ordinary income in the US. RMDs (Required Minimum Distributions): Start at age 73. Roth IRA: Immediate Tax Charge: Taxes are paid upfront during the rollover. Tax-Free Retirement Income: withdrawals are exempt from taxes in the UK and US as they are considered paid when the rollover occurred. RMD free: Offers more freedom when it comes to retirement accounts. Tax-Free Growth: Investments grow tax-free, meaning you won’t owe taxes on the earnings as they accrue. How to Rollover Your 401k to an IRA Find Out if You Are Entitled: Make sure you have left your current employer in the US and are eligible to roll over your 401k. Meet with a Cross-Border Financial Planner: Know how much tax you owe both in the United States and in the UK. Start the Rollover: Get advice, and if satisfied, the financial adviser will open your IRA and organise the 401k move /rollover. Monitor Your Investments: Keep track of your IRA performance and ongoing tax obligations with your financial adviser keeping an proactive eye and update for you. https://youtu. be/J3IJHOxu9pA Contact edale easily Click to call to speak with us WhatsApp chat support your needs Book an appointment Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? --- > Financial planning as a US citizen living or moving to the UK. Simple outline of US and UK tax laws for your investments and retirement savings. - Published: 2024-12-30 - Modified: 2025-03-24 - URL: https://edale.co/moving-from-the-us-to-the-uk-a-comprehensive-financial-planning-guide/ New rules in 2025 mean hassle-free moves need planning. We have seen that tax policies change. Inheritance can shift. The UK has a new regime for people coming in. So if moving to the UK from overseas, some sensible planning is needed. Moving for retirement also requires special planning. Tax and financial planning advice are those important areas often overlooked. Relocating from the US to the UK is a fantastic opportunity, but it needs financial and investment planning.  From taxes to managing investments and health insurance, get familiar with the most essential aspects and practical advice for US expats. Cross-border advice and work are the backbone of Edale. It's been part of our DNA since 2014. Tax Considerations: Bridging Two Systems Understanding the Tax Landscape: The US taxes people on global income regardless of where they live. The UK has a residency system by comparison. If you are a US national who comes to live in the UK, then you will likely face taxes in both countries. There’s a tax treaty between the US and the UK that avoids double taxation, but the rules aren’t straightforward. Key Actions: Double Taxation Mitigation: Use Foreign Tax Credits (FTCs) to offset US taxes paid by UK tax. In respect of qualified income, the Foreign Earned Income Exclusion (FEIE) might exist. Residency and Domicile Planning: The UK Statutory Residence Test (SRT) determines your residency, so beware of what becoming domiciled can mean for you and your family. Becoming "domiciled" has an impact in relation to inheritance taxes. Align Tax Years: The UK tax year is from April 6 — April 5, whereas the US is based on the calendar year. Make sure your financial reporting aligns with both systems to avoid penalties. Optimising Cross-Border Portfolios Navigating Tax Traps: It is essential to plan ahead if you are a US expat looking to invest in the UK to avoid tax penalties. UK and EU Mutual funds, including ETFs and passive funds, can trigger Passive Foreign Investment Company (PFIC) laws, leading to additional taxes and administrative expenses. UK-based ISAs, which are tax-advantaged in the UK, aren’t tax-free from the US perspective. Strategies for Investment Success: Portfolio Compliance: Use US-listed funds with UK reporting requirements for US brokerage accounts so you don’t get overtaxed. These are not available in UK Investment accounts due to local financial compliance rules. Additionally, many US brokerage accounts prevent non-residents from buying into US mutual funds once they become non-resident aliens (NRAs). For the optimal setup of your brokerage accounts and pensions in the US and UK, consider financial advice. Currency Risk Reduction: Match your investments with your spending money in order to manage exchange rate risk. Maintain an Emergency Fund: You want to have at least 3-6 months of salary in a liquid position for emergencies. Retirement Planning: Harmonising US and UK Pension Accounts Understanding the US and UK Retirement Systems. The UK and US have entirely different pension systems and rules. US plans such as 401(k)s and Roth IRAs are tax-advantaged in the US but require special consideration in the UK. The tax efficiency of UK pensions like SIPPs provides some of the best opportunities for tax efficient saving while earning in the UK. Retirement accounts have maximum tax advantage limits set by law. For the average worker in the US, contributions to standard employer plans like 401(k)s cannot exceed $23,000 per year (2024), plus a catch-up contribution for workers over 50. People also can make contributions to IRA accounts under certain circumstances. The UK personal pensions allowance is a cap of £60,000 (or 100% of annual earnings, whichever is higher) including employer contributions. The allowance tapers for those earning over £260,000 annually. Key Actions: Clarify pension contribution rules: Foreign pensions aren’t treated as US-qualified plans by the Internal Revenue Service (IRS), so you can’t deduct contributions you make to a foreign plan from your taxes in the United States. Retirement age disparities: There isn’t a universal age when you can access your pension benefits in each country. The usual age of pension eligibility in the UK is 55, and by 2028 that number will be 57. In the US, on the other hand, you can draw down your retirement funds anytime, though you are penalised if you do so before you reach 59. 5. Crucially, your domicile will also determine your tax treatment for retirement income. Roth Conversions: Consider moving traditional IRAs into Roth IRAs and get tax-free distributions with no further taxes payable in both countries. Roll Over 401(k)s or Dorment US Pensions: Make account management easier by rolling over inactive pensions or 401(k)s to an IRA. Be Prepared for Withdrawals: Learn about UK tax regulations (the 25% no-tax lump sum) and what they will cost you regarding US tax. Healthcare: Adapting to the NHS The British publicly funded National Health Service (NHS) covers all residents with free at the point of service healthcare. However, private insurance can complement NHS services to avoid waiting lists and provide specialist care. Steps to Take: Join a GP: Join your local General Practitioner to receive NHS services when you arrive. Evaluate Private Insurance: Private insurance may provide extra reassurance above the NHS and to cover some individual needs, such as elective surgery. Property and Real Estate in the UK The UK housing market is very different to the US. It usually comes with shorter mortgage terms, and freehold and leasehold ownership structure may be unfamiliar. Key Considerations: Property Sale Tax Planning: UK private residence relief exempts your main house from capital gains, but the IRS may tax the gain. Ownership Options: If you own in joint names with a non-US spouse, this will provide optimal tax benefits; professional counsel is advised. Estate and Inheritance Planning for cross border assets US estate taxes apply to assets worldwide. In contrast, the UK uses inheritance tax (with lower exemptions). There is a need to coordinate estate plans in different jurisdictions. Steps to Take: Create Cross-Border Wills: Have wills in force in both jurisdictions to simplify asset distributions. Give Gifts: Rely on annual gift exemptions to manage inheritance tax liabilities. Getting Started: A Checklist for US Expats Moving to the UK Use this checklist to ensure you’ve covered all key areas before and after your move: Pre-Move: Consult with a cross-border tax advisor to review residency, domicile, and potential liabilities. Restructure your investment portfolio to comply with UK and US tax laws. Consolidate retirement accounts and evaluate the benefits of Roth conversions. Review health insurance coverage and prepare for NHS registration. Decide on property rental or purchase plans and understand associated taxes. Draft or update wills and powers of attorney for compliance in both countries. Post-Move: Register with a GP for NHS services and consider private insurance. Open a UK bank account and establish a credit history. File annual tax returns in both the US and the UK, coordinating with tax advisors. Regularly review your portfolio and retirement plans for tax efficiency and currency risk. Monitor your residency and domicile status to adapt your financial strategy as needed. Use this resource to manage the complexities of living in the UK as a US expat while securing your financial future. Feel free to let us know if you need any other resources or tools to make your move even easier! --- > Expert advice on US pensions, including 401(k)s and IRAs, for expats and retirees in the UK. Maximise savings with cross-border financial planning. - Published: 2024-12-19 - Modified: 2024-12-19 - URL: https://edale.co/us-pensions-401k-ira-advised-from-uk/ - Tags: 401(k) advice, cross-border retirement planning, IRA conversions, pension consolidation, retirement planning for Americans in the UK, Roth IRA, tax-efficient retirement strategies, UK pension advice, US and UK pension pots, US expat financial advice, US pensions in the UK Consolidate, Plan, and Maximise Your US Pensions for a Secure Future with UK Financial Advice If you are a US resident, an expat who has worked and lived in the USA, or you are moving from the US to the UK, taking care of your retirement savings can be daunting.  Managing 401(k), IRAs, and UK pensions is not easy and can be improved by using a financial adviser. Its complicated with pensions in the USA and Other countries. As a non-resident of the USA, maximise 401k or IRA management towards retirement with an adviser who can advise you on your US pensions alongside your other retirement savings. Initial Consultation Free Get started with cost and no obligation. Independent Advice Receive unbiased, expert advice. No Minimums No minimums to access our services. At Edale, we are experts in assisting American expats and cross-border retirees in making pension decisions on 401ks and IRAs; we can take on the chore of investing, managing and allocating your US-based pensions and walk you through how best to handle your 401(k), IRAs alongside your UK pension funds. Who we help US Expats in the UK: If you are a US expat and live in the UK, you will probably have a few different retirement plans, including a 401(k), IRA, and UK pension plan. We can advise your pensions cross-borders. Americans Changing from the US to the UK: You don’t have to give up your pension planning or contributions when leaving the US to the UK. We can optimise your US pensions (401(k)s, IRAs etc) and align with your UK pension for a seamless retirement strategy. Former US Workers: If you worked in the US and/or got pensions from US companies before returning to the UK we can create a single plan for all your retirement funds to maximise retirement benefits. Cross-Border Pension Pot Holders: If you’ve worked in the US and the UK and have retirement accounts in both countries, we have a complete solution to handle and grow your pension pots. US Pension inheritance: when someone inherits retirement fund assets after the death of the pension owner, they can inherit the IRA if they are a spouse or rollover to an existing IRA if they have one. If the rollover route is selected, it can be accomplished by a direct trustee-to-trustee transaction. Or it can be done by taking the funds from the account as a distribution and depositing them into another IRA within 60 days. Waiting longer than 60 days to re-deposit the funds into an IRA risk having the distribution taxed like income. How We Can Make Your US & UK Pensions Easy For You Allocation of US and UK Pensions for Simplified AdministrationKeeping on top of different retirement accounts in different countries isn't easy. We’ll consolidate your 401(k), IRA, and UK pensions into a master plan whilst assets are in multiple pensions, so you can focus on a personal financial strategy we built for you and then keep track of contributions and growth. Examining IRA Conversions for UK Tax EfficiencyIf you’re a US expat, you may find that converting your regular IRA to a Roth IRA is appealing. Roth IRAs are tax-friendly in the US and UK, so when you contribute and withdraw your Roth IRA, you will not be taxed on your growth and distributions, which makes it an excellent long-term retirement investment. Figuring Out the Tax Context Of The US & UK Retirement AccountsTaxes in the US and the UK can be different. We’ll keep you up to speed with the possibility of double taxation and advise you on tax treaties so you don’t pay unnecessary fees. Tax planning can improve your retirement. Long-Term Retirement Planning – Financial Modelling for Long-Term Retirement Planning. Retirement planning doesn’t just consist of building up funds. It's about growing your money the best you can. We can provide financial modelling so your US and UK pension pots are balanced to ensure you’re saving for retirement, investing wisely with regular reviews and preparing yourself for the life you desire. Review Your Contributions to Avoid PenaltiesEach nation has a different maximum and rules about additions to your retirement accounts. We’ll look at your contribution amounts to both your US and UK accounts to see if you’re not overcharging and facing a penalty. Retirement planning in more than one jurisdiction is not simple.  Whether you are thinking about a 401k to IRA transfer, IRA conversion, retirement account consolidation, or just trying to get your contributions in line with the tax law, you will want to make sure you consult a reputable financial professional to ensure that you stay in the know. The US-UK pension and tax laws are confusing, but with Edale by your side, you can relax knowing you’re making informed choices based on your long-term objectives.  Don’t leave your retirement to luck — make a plan. The many global client's we advise means US Pensions are a core part of their retirement plans and need advising alongside other assets as part of savings and retirement planning. Lawrie Chandler, Financial and Wealth Expert for Americans in the UK Read out customer ratings. Free IFA Appointment for US Pensions A Financial Investment Advisor for Non-US residents with US Pensions (401k + IRA) Book Appointment Types of US Pensions we advise We provide expert advice on a wide range of Individual Retirement Accounts (IRAs) to fit your financial strategy, such as: 401k Rollover to IRA: A rollover IRA is a retirement account that allows you to move money from your former employer-sponsored plan to an IRA tax and penalty-free. Traditional IRA: An individual retirement account that lets your earnings grow tax-deferred. You pay taxes on your investment gains only when you withdraw in retirement. Traditional Rollover IRA: A rollover IRA is an individual retirement plan you've rolled money into from an employer-sponsored plan. A rollover IRA isn't technically its own type of IRA. Instead, you can use a traditional IRA or Roth IRA as a rollover IRA. A rollover IRA can be a traditional IRA, meaning it has the upfront tax advantage. Classic Inherited IRA: an individual retirement account (IRA) you open when you're the beneficiary of a deceased person's retirement plan. Most types of IRAs or workplace retirement plans can be transferred to an inherited IRA, including traditional, Roth, SIMPLE, and SEP IRAs, as well as 401(k) plans. Roth IRA: Tax-free growth account for those who anticipate higher tax rates at retirement. Roth Inherited IRA: When you inherit a Roth IRA, your money gets the same tax-advantaged treatment as the original account. Funding Your IRA Understanding your funding sources is important to create a solid retirement planning.  Here are different methods to fund your IRA: Put money in: Invest up to IRS limits into retirement savings.  Contributions are filed with the IRS on 5498. Rollover: Move money from a current IRA account within 60 days of distribution.  It’s a method that matches account types, and the IRS records it. Direct Rollover: Transfer money from employer plans (401(k), pension) directly to an IRA without tax and penalty. Trustee-to-Trustee Transfer: Make asset movement between trustees effortless with no direct distributions.  This is not reported to the IRS but still needs account type and Tax ID validation. We make sure that every form of financing supports your long-term budget as well as IRS compliance. To get a free quote on US retirement accounts, book a conversation with our Financial Advisers. Sensible and Transparent Fees: No Hidden Costs, Just Clear Financial Guidance Dual Citizens are often shocked by huge fees and surprise costs. We don't believe the complexity of international retirement planning should be matched with hefty initial fees and large ongoing maintenance fees. High fees eat into your retirement plan, so our advice focuses on giving you value and moderate costs that are the same as if you are someone who had lived and worked their whole life in the UK. We take a simple approach to fees. We offer a one-stop shop for all our customers with advice on what they need, when they need it covering US pensions, UK pensions or both — with a single transparent fee. This saves you from surprise fees and enables you to get earn and contribute to your retirement while we have binoculars on the horizon and invest your portfolio with the real work: building your retirement nest egg. What You Get With Edale’s Open Fee Model: No hidden fees: Our fees are entirely clear, so you won’t get any surprises or out-of-blue costs. Simple, Fair Fees: With our flexible charging structure, we can offer Advice on Demand or ongoing advice. With a straightforward advice process, you get to share all the information you need and make Cost-Effective Financial Planning: We aim to make expert advice accessible and affordable, ensuring you get the best possible value without compromising on quality. If you choose Edale, you’ll receive expert, cross-border pension planning. Whether you need help with your 401(k), IRA, or UK pension pot, we work to maximise your retirement savings. Our Happy Clients Very polite and friendly and helpful! Our situation is a little complex, and although Lawrie couldn’t help directly they recommended a couple of other companies for us to contact. Many thanks! LisaMost helpful when trying to navigate Accidental American Kids complianceThanks to Laurie Chandler for offering advice and his patience in steering me in the right direction. FionaPrompt and helpfulEDALE was very prompt in contacting me and quickly arranged a first appointment. I was on a short deadline and they helped me achieve my objective in time. Lawrie was very helpful and conscientious and delivered exactly what he promised. JudePhoned on the off chance. Got very helpful signpostingI phoned up on the off chance and was given a very helpful overview of my situation by Lawrie. I would certainly come back for more advice should it be necessary. KathrynVery knowledgeable, great experience with EdaleI had a chat with Lawrie today. Very lovely to chat to and clearly knows his stuff. He gave me some good advice and I really appreciated it. Would definitely recommend him and Edale in the future. AdamDrawing down US pensions from the perspective of a UK residentLawrie was approachable, knowledgable and pragmatic on the reality of drawing down US pensions from the perspective of a UK resident. I’d recommend Lawrie and Edale. DonaldReally helpful 121 consultationReally appreciated the 121 consultation with Lawrie who provided helpful information and considerations as a US Citizen residing in the UK. Lawrie patiently answered our specific questions as a young couple (myself American and husband British), provided a helpful resource link afterwards, and was straightforward with next steps, without it feeling like a hard sell. Would definitely recommend to anyone and would contact Lawrie in future for future planning/ questions! KathrynInformative and friendlyI had a call with Lawrie to discuss some queries I had as a US citizen living in the UK. He was very helpful and provided me with very useful information and advice ShaneVery Helpful Initial ConsultationI just had an initial consultation and Lawrie was very helpful. He answered all the questions I had, and followed up with an email containing helpful links and advice. I’m looking forward to continuing with this service. SarahIncredibly helpful and informative. My wife and I had the pleasure of speaking with Lawrie at Edale about the complexities of moving our finances from the US to the UK. We were made to feel like no question was too big or too small, and Lawrie took the time to respond to each of these individually with great insight and guidance. We’d like to thank Edale and Lawrie for their helpful, informative and friendly service. RoryQuick and effectiveI highly recommend Lawrie at Edale for quick and effective investment support. When I wanted to set up a Junior ISA for my daughter, who holds dual US and UK citizenship, Lawrie provided clear guidance on the available options. He handled the entire process with impressive efficiency, setting up the account in no time. His expertise made the experience seamless and stress-free. WillI would highly recommend using Edale. Lawrie has been most helpful with a variety of US retirement questions. He has provided good information and succinct advice. SarahGenuine Concern EasedI had a call with Lawrie to discuss my retirement funding and challenges being a dual UK US citizen. His insight was keen, knowledgeable and helpful. We decided it was a bit early for me so I’ll be calling him closer to my retirement date in 2027. I felt no pressure and he was genuine in his advice. GreggAdvice on the financial reporting and tax liability for a Junior Isa for my American child. I had a zoom call with Lawrie to ask for some advice on the financial reporting and tax liability for a Junior Isa for my American child. Laurie was very knowledgeable and easy to talk to about this matter. If we needed financial advice for investments in the future we would engage with this company again. GinnieVery generous time and interest. Advice that I hadn’t found anywhere else. Thanks! Lawrie was very generous with his time and interest and gave me excellent advice that I hadn’t found anywhere else. Thanks! JimmieFantastic Service – Thanks so muchSignposting advice on main considerations as an US expat in the UK. JoshWould recommend. The free chat was very useful to pinpoint exact needs. In my case I was pointed to a non affiliated accountant who could best serve my specialist needs. No hard sell for their other services. Would recommend. Stuart100% Recommend Edale! Lawrie and Edale have been incredibly thorough and supportive throughout the journey – from the moment I’ve consulted about my unique circumstances with regards to investment options (being a dual US citizen living in the UK) to onboarding me as a client to invest through them. I am so happy and relieved hat I’ve finally found a solution to a problem I’ve had for years, and so grateful for Lawrie being so thorough with the whole process – all the information was made easy to digest and understand, and I could (and still can) reach out to Lawrie whenever I had/have questions, and he was readily available and prompt with his responses. I love that Edale accommodates to clients of various sizes, and that I can invest at the pace and amount I feel comfortable in. Thank you so much! NinaMost helpful Knowledge and guidance offered through generosity and sincerity. Deeply appreciated blue ribbon customer service. I’m currently going through a divorce and was in desperate need of financial help and guidance. I’m a US American living in the UK. I was searching for someone who knows, and could give financial advice for both sides of the pond; so to speak. I also was wanting a small and personal, yet local group in Surrey. Laurie offered his time, pro bono, to help walk me through and do all the necessary math to get the information I was... --- > Expert UK financial advice on 401(k) & IRA pensions for non-US residents that need professional investment advice and financial planning from the UK. - Published: 2024-12-16 - Modified: 2025-03-20 - URL: https://edale.co/uk-financial-advisor-for-your-401k-ira-us-pension-as-a-non-us-resident/ - Categories: us uk financial advisor - Tags: 401k UK, Americans in the UK, cross-border financial planning, financial advice for American expats, IRA UK Managing a US-based 401(k) or IRA pension plan as a non-resident is not always straightforward, especially when nearing retirement or wanting an optimal plan to fund it. If you previously worked in America, moved from the USA to work overseas and settled in the UK, you've probably built up pensions in the USA and UK. These pensions cannot be moved outside the jurisdiction they are based in. Few UK financial advisers have the competency and setup to support advice on US retirement accounts as well as those in the UK. Additional US pension platforms are increasingly putting rules in place to make managing US pensions as a non-resident alien (to use the official phraseology), or more commonly NRA, complicated with rules on dealing and whether they will allow you to be NRA. Professional financial advice when you are a non-resident from a UK FCA-regulated investment adviser and financial planner can provide the professional advice you are searching for. Guidance to deal with cross-border taxation, make the best investments, and retire on the right foot are all areas a financial adviser can assist. Read how and why it makes sense as a Non-Resident to have a financial advisor to advise your 401(k) or IRA. Structure Your Retirement Savings Wisely Professional guidance can help you navigate tax and investment complexities. It's important to share your financial plans to reflect your living circumstances. Avoiding costly mistakes and securing your retirement future often means that assets spread around the world and not combined into an overall plan is silly. Why Use a Financial Adviser for your IRA or 401(k) Plan? When you are a non-resident investor with a 401(k), IRA or both, you are in a different position to Brits who may only have UK workplace pensions. Non-US residents have to navigate the cross-border taxation regulations, domestic tax vs treaty taxation approach, choice of investment and exchange risk that may not apply to UK pensioners as much.  Additionally, if you have US and UK accounts, integrating these assets into a unified global retirement plan will usually require an expert advisor. Having an adviser who can provide you with the following expert knowledge can assist you with meeting these challenges: Tax Compliance Across Borders: Non-residents risk double-taxation on US pension withdrawals. An adviser can ensure you’re fully compliant in the US and the UK and use treaties to avoid tax burdens. Withdrawal Strategies Tailored to Non-Residents: Experts can advise you on how to withhold your money tax-free so you don’t pay excessive fees and maximise your retirement earnings. Cross-Border Investment Management: Our advisors understand how to handle portfolios globally, so your 401(k) / IRA is spread and in line with your status as a non-resident. It can be managed to accept there will be no further contributions as a UK workplace may be where you make tax optical contributions. Unable to purchase US-registered mutual funds: Non-U. S. residents are increasingly prevented from purchasing US mutual funds due to US laws. Therefore, clients with US Pensions but living outside America can own or redeem existing positions in US mutual funds only but cannot make any initial or subsequent purchases. Some providers introduced offshore mutual funds as another option for international customers to diversify their portfolios. Benefits of a Financial Consultant for NRAs Knowledge of US / UK Dual Citizen Taxation Knowing the fine print of US tax on non-resident 401(k) distributions. Conformity to UK regulations for worldwide income-taxed residents. Optimised Investment Strategy Investments are managed by advisors familiar with advising global workers and expatriates. Streamlining your portfolio to be effectively invested in risk-profiled and matched assets. Making sure your US Pensions fit into your bigger financial aspirations and other savings i. e. , UK pensions or ISAs. Fiduciary Support Ensuring that you are suitably invested in the right plan and in the right places. Advice to grow and access US Retirement assets when optimal. Assistance with Rollovers or Transfers Experts recommend holding onto your 401(k), transferring to an IRA, and top-ups or suggesting contributions to UK pensions. Avoiding Common Pitfalls for Non-Residents Saving yourself the expense of errors like early withdrawal penalties. Learn about new tax provisions that apply to non-residents. What Non-US Residents Can Expect From a UK-Based Adviser? Personalized 401(k) / IRA Advice for Non-Residents Creating an investment policy based on your dual-tax status and assets in multiple countries. Monitor fund performance regularly to suit your financial goals. Tax-Efficient Withdrawal Planning Understanding technical differences between lump sum and regular withdrawals to make clear plans. Tapping into tax treaties to claim benefits like lower withholding on retirement income. Cross-Border Financial Integration Coordinating your 401(k) / IRA with other pensions such as UK pensions or ISAs. Building you a global diversified investment portfolio. Ongoing Plan Support and Compliance Support keeping your plan US and UK compliant. Periodic news on wealth matters and what that means for your pension. Lack of UK Financial Advisers to assist US UK Citizens It's uncommon to find UK financial planners who specialise in US pensions such as 401(k)s and IRAs, as understanding the US and UK financial system, taxation, and regulatory environment requires skill and knowledge. The US retirement system has its own regulations, such as those under the Employee Retirement Income Security Act (ERISA), IRS tax laws and state laws. UK advisors are rarely prepared to work through such complexities, because they’re qualified and trained in the realm of UK pensions, tax credits and investment law. The regulatory hurdle or advice challenge can be expensive and difficult to comply with, and most UK-based advisers don’t want, or can’t meet, them. US clients with cross-border tax issues, double reporting, and complicated US and UK taxation issues arising out of estate planning and pension planning need solid advice. Such problems require the financial adviser to have a level of expertise and cooperation with US tax specialists and lawyers. This means that UK IFAs tend not to take on US clients unless they’re cross-border financial planners. Edale advises US-UK People on their US-based pension plans US Retirement Savings must be effectively managed with an eye to the future. It can be challenging to manage US pension assets yourself and they should not be left unchecked. With the right financial advisor, you can invest optimally, and they will consider all your assets in various countries to plan effectively and secure your financial future.   Example Situations Mary, a Retired Nurse in the UK: Mary is a retired US nurse with 25 years of experience who has built up a large 401(k) but has no idea how to withdraw without getting taxed too heavily. She wants help bringing her US pension funds as income to the UK. John, a Mid-Career Professional in the UK: John worked in Silicon Valley and later moved to the UK for work. He’s got an IRA in the US and a workplace pension in the UK but needs someone to help put together a consistent investment plan that marries both investment plans and financial journey and optimises access based on pension tax access rules and benefits. Sarah – a Dual Citizen On Her Way to Retirement: Sarah is a US-UK dual citizen with US and UK pensions. She needs assistance with cross-border tax treaties so her retirement cash withdrawals are tax-efficient in both countries. Raj, Non-Resident Investor from the US: Raj is an IT Consultant living in Europe, he cannot make new investments in his US mutual funds as the rules have changed. He would like to get exposure to suitable investment linked to his green views and diversify his portfolio without violating US regulations. Emma and David, Married Dual Citizens: A couple with a combination of 401(k), IRA and UK pensions looking to get as much retirement income as possible, including US Social Security and UK State Pension, while remaining tax efficient and meeting their estate objectives. Carlos an Expat Wanting Rollover Choices: Carlos moved to the UK recently after 10 years of living in the US. He’s going to transfer his 401k to an IRA, but doesn’t know how to maximise his investment and build a plan alongside his growing UK Pension. Lisa, Self-Employed Freelancer: Lisa lived in the US and saved into an IRA until she came to the UK to open her own company. She wants advice about how to use her existing IRA, put money into a UK pension and stay on track. Mike, Double-Taxation Concerns: Mike has been making 401(k) contributions since moving to the UK with income from the US and UK. He wants expert guidance on using tax treaties to reduce his taxes, whilst ensuring the contributions are directed suitably to maximise pension accumulation. Anna, Getting Ready for Retirement in Spain: Anna has a US 401(k) and a UK pension. Now retired and spending time between the UK and an overseas holiday home, she needs a strategy for income access and expenses in multiple countries. Tom, Just Married to a UK Citizen: Tom is a US citizen who recently married a UK citizen and moved to the UK. He doesn’t know what to do with his US 401(k) and developing a UK pension and discretionary savings plan. Book a free chat with a cross-border financial adviser if you want to chat about your situation and needs. Changing the landscape on leaving US Pension without sharing your expat now US-based financial institutions are implemented stricter account controls for expatriates because of regulatory and compliance risks. US citizens who live outside the US are experiencing sudden access restrictions to brokerage and pension (401k and IRA) accounts which changes the way they are able to be accessed, invested and supported by customer services. Here’s why: SEC and FINRA RegulationsRules from the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) lead many US investment firms to mandate US residency for their clients. When you change your address to a UK location your pension or brokerage firm could determine that your account is no longer eligible for their services. Financial institutions need to follow strict Know Your Customer (KYC) and Anti-Money Laundering (AML) rules. The necessity for financial firms to follow rigorous KYC and AML regulations renders account management for non-resident clients both expensive and complicated. Certain firms choose to close accounts or impose restrictions as opposed to meeting compliance requirements. ETF and Mutual Fund RestrictionsAmerican investment accounts holding US mutual funds or ETFs are prevented from dealing into new investments because they see that a US investment vehicle is bring promoted on an overseas jurisdiction that brings the resident's countries regulator into the equation. To avoid compliance complications firms prohibit expatriates from acquiring new US mutual funds or ETF assets. Book an appointment for UK Advice on your IRA / 401k Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? --- > UK Non-Reporting Offshore funds. Critical info to know + importance for expats residents. Especially if use brokerage accounts in the UK or USA. - Published: 2024-12-13 - Modified: 2024-12-13 - URL: https://edale.co/uk-non-reporting-funds-offshore-funds/ Reporting funds or non-reporting is a frequent topic of conversation. Frequently explaining what it means to clients. Cross-border investment can be tricky, especially when living under taxation in the UK and the US. Whether you are a UK resident with US assets, or you are a non-UK resident with worldwide assets, you need to know what reporting and non-reporting funds mean to plan your taxes. In this article, we will cover the impact of these fund types and what to do with them to minimise your taxes. The Basics: Reporting Funds and Non-Reporting Funds. Reporting Funds Reporting funds are offshore collective investments that have been given reporting status by HMRC. The funds send transparent income statements to investors and HMRC. For UK residents: Dividend Taxation: All fund-provided dividend income, distributions or withdrawals are to be reported and taxed according to the investor’s marginal income tax rate (up to 45%; 38. 1% on dividends). Capital Gains Taxation: Gains on disposal of units are liable to capital gains tax (CGT) of up to 24% (upped from 20% on 30/10/2024). Reporting funds are taxed at a better rate than non-reporting funds. CGT rates can be leveraged by investors, and the rates are lower than income tax so reporting funds is the choice of many UK taxpayers. Non-Reporting Funds Non-reporting funds are not HMRC reporting, and as such, pay penalty tax by UK residents: Taxation on Income: Only distributed income is subject to tax but disposal proceeds are ordinary income and subject to income tax of up to 45%. Losses: Capital losses can’t be used to offset income, which decreases tax efficiency. Due to their tax exclusion, non-reporting funds are generally not opened up to UK investors unless they have a specific reason for doing so. Important Things to Remember for UK Citizens with US Assets If you are a UK resident with a US brokerage account, your investments usually tend to be US mutual funds or ETFs. By default, they will be considered offshore investments by HMRC (unless the fund is making an income declaration to the UK Tax Authorities each year), and are therefore subject to the following rules: Taxation: Gains are treated as "offshore income gains" taxed at the income tax rate rather than the CGT rate. To Avoid Pitfalls: UK taxpayers should prioritise US funds with reporting status to avoid double taxation. This is sometimes provided through HMRC’s public database of permitted funds. However, this is generally not achievable because of the Key Information Document (KID) rules outlined below. International Remittances and the Remittance Basis For Non-UK Domiciled Citizens and Other Remitting Persons Foreign-domiciled people, especially those new to UK residentdom, can benefit from the remittance basis of taxation. This allows them to: Withdraw offshore income and gains from UK tax unless paid to the UK. Maintain access to personal tax-free allowances for the first 7 years. But remittance basis diminishes after seven years and incurs £30,000 annual charge. Above that, most taxpayers go into arising basis, and declare worldwide profits and losses. At this stage, failing to report money will land you with hefty tax bill if you don’t act early. US UK Tax Remittance Ceases April 2025 On 6 April 2025, the UK will officially transition away from its traditional domicile-based tax system to a new regime based entirely on residence. This shift effectively abolishes the long-standing benefits of the non-dom regime, including the remittance basis. Its replacement is the foreign income and gains regime (FIG regime), linked to the number of years of UK residency. The impact on the non-dom community living in the UK and for those who are coming to the UK shows careful planning needs to be done before 6 April 2025. Options for your investments, if previously you've done taxes on a remittance basis : If you have not been a UK resident in any of the 10 previous years? For the first 4 years, you are a UK resident, and non-UK income and gains from UK tax can be sheltered under the FIG Regime. You will need to file a tax return to claim the relief. A Temporary Repatriation Facility (TRF) will be available allowing you to remit previously accrued foreign income and gains to the UK from 6 April 2025 at a reduced rate. This relief will be available for a period of three tax years. To use the TRF, taxpayers will be required to designate FIG to which the relief will apply within their self-assessment tax return. Designations made during the 2025-26 and 2026-27 tax years will be taxed at a flat rate of 12%, with the rate rising to 15% for designations made during the 2027-28 tax year. If a UK resident under the statutory residence test for 10 out of the previous 20 year, therefore becoming "long-term resident" (LTR), you will be liable to UK inheritance tax on your worldwide assets. If not a LTR only the UK situated assets will only be subject to UK inheritance tax. You may remain subject to Inheritance Tax (IHT) on worldwide assets for up to 10 years after leaving the UK. Length of IHT Exposure (calculated by the duration of UK residency prior to leaving): If UK resident for 10–13 years, the IHT tail is 3 years. For each additional year of UK residency beyond 13 years, the IHT tail increases by 1 year. After 20 years or more of UK residency, the IHT tail is fixed at 10 years. Practical Steps for Investors UK Residents Choose HMRC funds registered in the US to take advantage of CGT rates. This has difficulties: US Brokerage accounts are increasingly preventing non-residents from buying US-registered funds because this puts the US platform into the jurisdiction of the non-resident, where the platform may not be authorised to offer US-registered funds. This often prevents dealing in US funds with common US brokerage accounts like, Schwab, Internative Brokers, Fidelity and others. Retail investors cannot often access US ETFs or Mutual Funds because of PRIP rules. PRIIPs* Regulation deals with pre-contractual information in the form of key information documents (KIDs). These documents have to be provided by those producing or selling investment products to consumers. American mutual funds do not produce them, so UK retail investment platforms do not offer these funds. *Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation have applied since 1 January 2018. The UK adopted its own PRIIPs KID Regulation Following Brexit from 1 January 2023 with the introduction of the UK PRIIPs KID for investors in the UK. The UK regulator allows EEA UCITS KIIDs or NURS KII to continue to be produced and made available to UK investors until the end of 2026. Update and manage investments when coming to the UK if currently overseas. Edale offers its Portfolio Review Service if you want to know if your current portfolio fits US-UK rules. Consider building a direct security portfolio to avoid the complexities of collective investment tax treatments. Be aware that finding investment platforms willing to open accounts for US taxpayers can be challenging due to FATCA compliance burdens. Edale offers investment accounts for Americans with no minimum investment requirement, providing a straightforward solution. Non-UK Domiciled Individuals The remittance basis was during the initial UK residence, but the plan for the arising basis changed 7 years later. Now its April 2025 with an opportunity for rebasing assets and bringing them to the UK. This is a complex situation and Read HMRC’s list of tax-efficient offshore investments and check the list of approved funds. Final Thoughts and advice on reporting funds When you invest as a UK resident or non-UK resident you have to get your head around complicated tax rules and eligible investments for you. Reporting funds have clear tax benefits for the majority of UK citizens but they are difficult for US taxpayers given the citizen based tax responsibility into the USA. In the meantime, UK taxpayers outside the UK will need to balance the transition to UK residency with some support and rebasing assets to comply with both the UK and US. You will need to plan for your taxes ahead of time and get a professional advisor to make the most of your investments and save yourself money from costly errors. The next time you’re unsure what to do, hire an expert to help you stay on track and get the most tax savings possible. Edale are FCA regulated to advice and support to UK US people and other individuals with global lives. If you’d like to understand more about this topic and the options available to you, please get in touch with the team through email, WhatsApp us or booking a free appointment. Alternatively, you can call us directly at +44 207 99 35 360. --- > Specialist evaluation consultancy supporting social impact and economic development with robust, tailored assessments. - Published: 2024-12-10 - Modified: 2024-12-10 - URL: https://edale.co/monitoring-and-evaluations/ Expert Evaluation and Research Consultancy] At Edale, we’re experts in offering comprehensive research and evaluation for economic development and social projects. We pride ourselves to on clear, solid reports that outline how things are going that not only quantify success but also provide feedback for future work. Our partners are local and combined authorities, local enterprise partnerships, universities and other interested parties, who want to measure and maximise the effects of their interventions, including many ERDF and ESF projects. Why Choose Edale for your project evaluation? Evaluation is an important part of the project execution process as it helps organisations identify what works, adjust interventions, and show accountability to funders. Our research provides the evidence you need to: Show funders that you’ve achieved your objectives. Make a compelling case for more funding. Develop strategies for future initiatives. Our Expertise We offer full evaluation services tailored to your individual requirements. As an expert in HM Treasury’s Magenta Book and Green Book guidance, we use best practices for projects of any size, from national government schemes to localised schemes. Our capabilities include: Evaluation of the Process: Understand how your project was executed. Impact Analysis using Counterfactual Hypothesis: Taking results against a "what if" case. Theory of Change: Identifying the causal pathways your action is driving. Cost Benefit Analysis: Analysing the return on your project. Value for money: Calculating various values for money, social return on money, and gross value added (GVA). Tailored Evaluation Methodologies No project is the same, and so we have an approach that changes to needs and projects. We consult with you to craft evaluations that ask the right questions for you and your stakeholders. Our services include: Flexible approaches based on your and your funder’s needs. Clearly presented data and strong narratives to highlight successes. Critical assessments where appropriate negative experience and underperformance needs contextualising. Continuously support to make sure that the evaluation is effective and of good quality. Our Approach to Good Evaluation We think a decent evaluation is: Beneficial: Responding to the requirements of the key stakeholders and supporting decision-making. Realistic: Being objective and open about results. Data-Based & Solid: With well thought out, well-implemented methods. Combining these values with intensive collaboration, we provide assessments that show the value of your project and guide future policies and programmes. We work with our customers to support economic development and levelling up by gaining more knowledge about what works. Our analyses enable organisations at every government level to discover potential and effect real change. Let us get you there by expert analysis. Let’s discuss your project and how we can support success monitoring and evaluation. --- > Submit information and files to Edale as agreed in our services, - Published: 2024-12-04 - Modified: 2024-12-05 - URL: https://edale.co/upload/ This page allows you to submit information to Edale in a secure and easy manner. File Upload Full Name File upload: Upload 2: Any additional information to share (if applicable) Add any additional information that is important. File sent via WhatsApp Enter Your Name: Send to WhatsApp document. addEventListener('DOMContentLoaded', => { const nameInput = document. getElementById('name'); const whatsappButton = document. getElementById('whatsappButton'); nameInput. addEventListener('input', => { const name = nameInput. value. trim; if (name) { whatsappButton. disabled = false; whatsappButton. classList. add('active'); } else { whatsappButton. disabled = true; whatsappButton. classList. remove('active'); } }); whatsappButton. addEventListener('click', (event) => { event. preventDefault; const name = nameInput. value. trim; if (name) { const message = `File upload from ${encodeURIComponent(name)} related to work agreed with Edale. `; const whatsappUrl = `https://wa. me/+442079935360? text=${message}`; window. open(whatsappUrl, '_blank'); } }); }); --- - Published: 2024-12-03 - Modified: 2024-12-03 - URL: https://edale.co/execution-account-only-suitability/ Adviser Name: Adviser Email: Client Name: Client Email: Submission Date: SUITABILITY QUESTIONNAIRE This questionnaire is designed to ensure that you are suitable for an execution-only share dealing account. Execution-only accounts do not provide investment advice or portfolio management services. Knowledge and Experience 1. Do you have prior experience in buying or selling stocks and shares? YesNo 2. Are you familiar with the risks associated with investing in securities (e. g. , potential for loss of capital)? YesNo 3. Have you previously managed your own investments without professional advice? YesNo Financial Situation and Loss Capacity 4. Are you comfortable with the fact that the value of your investments may rise and fall over time? YesNo 5. Do you have the financial capacity to sustain capital losses without impacting your standard of living? YesNo Risk Tolerance 6. Are you willing to accept some level of risk to pursue investment returns? YesNo 7. Are you comfortable making investment decisions independently without professional advice? YesNo Client Objectives and Specific Needs 8. Do you want to manage your investments independently, without requiring portfolio management or advisory services? YesNo Scoring Total Score: setInterval(add_date, 1000); function add_date { var today = new Date; var date = today. getFullYear+'-'+(today. getMonth+1)+'-'+today. getDate; var time = today. getHours + ":" + today. getMinutes + ":" + today. getSeconds; var dateTime = date; // this will set value for input with id submissiondate jQuery('input#submissiondate'). val(dateTime); // check if value exists var new_value = jQuery('#submissiondate'). val; // display in console console. log('current date time = ' + new_value); } Please leave this field empty. --- > Explore Edale's financial case studies, showcasing tailored solutions for ordinary people - UK residents, expats, dual citizens, and investors needing cross-border wealth advice. - Published: 2024-11-19 - Modified: 2024-11-19 - URL: https://edale.co/case-studies/ Here clients share their experiences of working with Edale. Find out how we have provided our clients with clarity and confidence in their finances. Edale's financial case studies showcase our personalised solutions for every situation. For everything from expats managing 401k and IRA plans to multinationals living in the UK and the US, we feature case studies of trusted advice and solutions. Learn how Edale can help you plan for retirement, calculate capital gains tax, Lifetime ISAs and children’s accounts. We focus on accessible personal financial support. These examples are based on actual clients to highlight Edale’s commitment to make difficult financial decisions simple and straightforward for every client. See how with us you can make wealth management smarter and easier. Edale is for families, professionals, and those wanting advice. --- > Learn how US brokerage accounts are treated and need to be invested for Americans living in the UK. Avoid unexpected pains by understanding UK rules. - Published: 2024-11-13 - Modified: 2024-11-13 - URL: https://edale.co/us-brokerage-account-uk-american/ Americans when they move to the UK focus primarily on adjusting to life in a new country, getting a home, and getting things done. What they tend to miss is the UK rules and tax status of existing US brokerage accounts. It may be easy tileo believe that you’re okay as the US brokerage account has not moved and you are paying US tax according to the rules. UK rules and taxes are different from the US when it comes to income and capital gains. Let's explain how US-based brokerage accounts are treated and the implications for US citizens living in the UK. For the US American in the UK, US account taxation is important if you want to make a financial plan and don’t get hit by an unexpected tax bill in the UK. What Is a Brokerage Account? A brokerage account is a form of investment account held at a licensed and regulated brokerage firm. This is the common name of a non-taxed account in the USA. The investor deposits funds into their brokerage account, and the broker executes orders for investments such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs) on behalf of the investor. In the UK a brokerage account is more frequently called a general investment account or GIA for short. Do US-based Investment Accounts matter if I live in the UK? Yes, if you are in the UK but still have US investment accounts, then those accounts affect your whole financial plan as well as your taxes. For those that pay tax in the UK on the arising basis or are resident, your global income and gains (even US-based income) must be declared to HMRC every year. It is because, even if you’re no longer a US resident, your American investment accounts affect both your UK tax return and your financial forecast. So if you own retirement funds or after-tax money in your US investments, the UK taxation is essential to know. There’s the UK/US double tax treaty to make some of it possible but you need to compare every account type in order to keep taxes to a minimum and to help your UK financial plans. Difference Between US and UK Tax Treatment of US Brockerage Accounts? US and UK tax laws are not the same so the new Americans to the UK might be confused by this. Income from investments, including dividends and capital gains, are generally treated preferentially in the US (particularly long-term capital gains). But these same investments are likely to be treated differently by the UK tax authorities (HMRC) and may lead to higher tax bills than if you may be expecting if use to US tax rules. For example: Qualified dividends and long-term capital gains in the US have a flat rate of tax, generally between 0% and 20%. Investment income (such as dividends) in the UK may attract income tax of up to 45% for higher income earners.  We also tax capital gains, but they are very different in terms of rates and treatment. The result is that a US expat living in the UK will end up paying a lot more tax on their investments, if they don’t get their act together. Simple illustration of tax rates Possible Tax Pitfalls for US Brokerage Accounts Difference in Income Tax Treatment: US domiciled investments which are tax-efficient including US mutual funds and ETFs may be "offshore funds" in the UK, and therefore liable to income tax instead of capital gains tax. Unfavourable to US Funds: Non-UK funds, including many US-focused ETFs, do not have "reporting fund status" in the UK, meaning they are taxed as income rather than capital gains. Possible Double Taxation Concerns: The US-UK tax treaty should avoid double taxation in general, but due to timing and classification distinction, there can be delays and resulting differences which raise taxes overall. Can I keep a US Brokerage Account while in the UK? If you no longer live in the USA, these account may remain active. There are no rules that you are required to close them. But there are important further questions to ask your self. What’s in Your Account? Are your accounts made up of mutual funds, exchange traded funds (ETFs) or something else? If these funds aren’t on HMRC’s list of reporting funds, they can receive less than optimal tax treatment in the UK – they’ll be taxed as income and not capital gains. Does your US brokerage providers know you’re a UK citizen? There are some variations in how custodians handle accounts for non-US residents so it’s important to know the latest changes in access and handling. For example, we hear purchases of U. S. mutual funds by non-U. S. residents are restricted in order to comply with U. S. regulations. As a result of this, non-U. S. residents may only hold or redeem existing U. S. mutual fund share positions. New initial or subsequent purchases are not permitted. Are there existing capital gains on your brokerage accounts? If you want to import these accounts to the UK, you may have to determine how these gains are tax-effectively governed in the UK and if you need to make gains tax-effectively. Are your investments US and UK tax efficient? Buying investments in your US accounts that support US and UK rules will enable you to make the most of your portfolio for both long-term strategies and tax compliance. Do you know what these are and how to monitor them? That is a critical point. Are you taking withdrawals from the account? Or Taking Income from Retirement Accounts? You should keep in mind that if you are drawing money out of these accounts now, it is often taxed as income in the UK. Taxes affect distributions, and you need to plan for them. Professional Help and Advice for US-based Brokerage Accounts? If these things sound complicated, you’re not alone. Making cross-border investments involves working around US and UK tax liabilities, treaty privileges and residence regulations. Talk to an expert about structuring your US assets tax efficiently and in accordance with both governments’ rules. What to do: Seek US/UK Trained Financial Advisor: Having a cross-border financial expert advise you on what investments are compliant to US and UK tax rules, and may help you avoid paying taxes on them. Avoid Non-UK Reporting Funds: If you can, try and invest in funds that are classified as UK reporting fund by HMRC. That can make it more likely that returns on these investments will be capital gains and not income. Keep Your Residency Status Tracked: UK residency influences taxes, so you’ll want to know the implications of being resident in the UK and how it impacts your US brokerage accounts. File Accurately in Both Countries: US Expatriates need to file annual return with the IRS (and in the with HMRC) too. There is a US-UK tax treaty that can stop double taxation, but only if you plan well, pick suitable investments and file properly. --- > IHT for estates large enough to be affected by inheritance tax and want to keep control of their assets. Own a portfolio of growing and profitable companies while reducing taxes. - Published: 2024-11-05 - Modified: 2024-11-18 - URL: https://edale.co/inheritance-tax-iht-portfolio-service/ An AIM Inheritance Portfolio gives investors a transparent and efficient method of reducing inheritance tax with growth potential.  If you hold shares on the Alternative Investment Market (AIM) then you will qualify for Business Relief, which means that, if your shares are held for two years or more before your death, your estate will be immune to inheritance tax (IHT).  This exemption means AIM shares are a potent planning vehicle for IHT, offering both tax savings and capital appreciation.  But investors should remember that, from 6 April 2026, only 50% IHT relief will apply to AIM shares, so the sooner you do this, the better.  Also, AIM shares are flexible because they can be sold at any time, which makes them an excellent investment to help you save wealth for your children. Shares in AIM companies are treated as unquoted for tax purposes, meaning that investors can benefit from Business Relief and obtain 100% relief from IHT provided that the shares have been held for a total period of no less than two years at the date of death. The service is a relatively simple, cost-effective and quick means of reducing IHT whilst providing growth potential and access to capital. From 6 April 2026, AIM Shares will only benefit from 50% relief as opposed to 100% relief currently. This means AIM shares will be taxed at an effective 20% Inheritance Tax rate from 6th April 2026. From 6 April 2027 most unused pension funds and death benefits will be included within the value of a person’s estate for Inheritance Tax purposes. Make an enquiry WhatsApp to chat on IHT Book meeting on IHT Service Call about IHT portfolio Changes to Business Relief for AIM shares in the Budget 2024 and the treatment of unused pension funds for IHT purposes make the IHT Portfolio an interesting estate planning tool as pensions brought into the estate for an inheritance tax perspective will grow those number of people likely to pay tax. Risks of the AIM Inheritance Portfolio AIM shares are likely to be high-risk and volatile. Their value and the income arising from them may go down as well as up, and there is the possibility that investors could lose their entire investment. Individual client returns will differ from the Composite depending upon the timing of the investment and the individual stocks selected. The value of investments can go down as well as up, so investors may not receive their full amount invested. An investment in smaller companies is likely to be higher risk than many other investments. Fees Initial Fee None Ongoing Fee 1% per annum Dealing fee None Suitable investors You are looking for flexibility: An advantage of our service is that you retain ownership of the assets so if circumstances change you can, subject to liquidity, sell your holdings. You are looking for simplicity: With an IHT portfolio service there is no need to set up a trust or engage with complex legal structures. You are looking for speedy IHT solution: Unlike other IHT mitigation schemes, you do not have to wait seven years for the tax relief to take effect.   Diversify other estate planning: An AIM portfolio can serve as a valuable part of a broader IHT strategy, allowing investors to diversify beyond traditional assets like property or cash while still working towards tax efficiency. Clients helped 50+ Portfolio minimum £50,000 Can help with Client with larger estates to mitigate tax US Citizens resident in the UK Meet the team L --- > Vanguard USA will retire its legacy Transfer Agent (TA) platform for retail investors by the end of 2025. What to do if a non-resident and get a letter/email. - Published: 2024-10-29 - Modified: 2025-02-11 - URL: https://edale.co/non-us-residents-with-a-vanguard-usa-mutual-account/ If you receive a letter from Vanguard this year stating that your mutual fund account is with their legacy platform and that you are not a US Resident, you might be wondering what this means and what to do about it. The letter suggests that Vanguard will discontinue the legacy platform used for the account on or before the end of 2025 and you will no longer be able to add new investments, liquidate, or make trades in your account. The account cannot move to a new platform as they do not accept non-US residents in their new platform. Vanguard says that accounts on the old platform will need to be transferred over to a brokerage account if they want to continue to trade and manage their Vanguard mutual funds. But, as the letter points out, you may not actually be eligible to open a Vanguard Brokerage Account if you are not a permanent US resident. That means that a lot of expats and international investors could now be in a pretty unique situation, unable to continue using Vanguard’s services directly under current policies. Your Vanguard mutual fund account needs attention You're receiving this notice because your Vanguard mutual fund account remains on our legacy investment platform, which will be retired for retail investor accounts by the end of 2025. Going forward, Vanguard retail investors will need to use a brokerage provider (e. g. , a Vanguard Brokerage Account) to purchase, redeem, and trade Vanguard mutual funds. According to our records, you are not a permanent U. S. resident and, therefore, under Vanguard policy, are ineligible to open a Vanguard Brokerage Account. Because of this constraint, we're unable to move your current investments to a Vanguard Brokerage Account. Options for your accountYou have a few options for the management of this account moving forward, including identifying an alternative investment provider or redeeming your assets. You can also visit our website for non-U. S. investors at global. vanguard. com for information about other available products and services. If your account remains open on our legacy investment platform by the end of 2025, it will be restricted to prevent any transactions other than withdrawals or transfers of assets to another firm. Extract from the email/letter non-residents receiving the Vanguard USA What This Change Means for Vanguard's non-U. S. residents For non-U. S. residents, Vanguard’s policy means: Unable to Open a Vanguard Brokerage Account: if you don’t live in the US, Vanguard will not be able to offer an account. Account Access Restricted After 2025: You will no longer be able to make any new investment, trading or fund adjustment activities after 2025, and your account’s activity will be limited to withdrawals and transfers. Need For Alternative Option: You might have to look for different investment platforms or financial consultant to manage your funds. Exploring options for Vanguard's US legacy platform closure Given these limitations, here are some practical steps to consider for managing your investments: Identify Alternative Brokerage Providers: If you’re not a resident of the United States, you can find yourself restricted by regulatory requirements on US-based investment platforms. Make sure your brokerage is set up to serve international investors, especially those with dual citizenship or expatriate needs. Consider Redeeming Your Investments: If you can’t find an appropriate brokerage provider , your other option is redeeming your mutual funds. However, if you do this, you must be aware that you incur certain tax liabilities in the United States and in your resident country. A tax advisor or financial planner can advise you on the tax consequences (especially if you have capital gains that could be taxable both in the US and overseas). Seek Financial Advice for Cross-Border Investments: Dealing with investments as an expat can be challenging with the added considerations of US capital gains, foreign account reporting requirements, and currency exchange exposure. An advisor who specialises in expat and cross-border financial planning can tailor a solution to your situation. Edale can advise on accounts for dual citizens, including those with US-based accounts such as IRAs and 401ks, so they could be a good resource for you to explore as you work on your Vanguard account. Monitor Your Account and Set a Timeline: As Vanguard’s legacy platform sunsets in 2025, it may be a good idea to map out a timeframe to resolve the status of your account. Whether it involves transferring to another provider, redeeming your funds or seeking advice from a financial advisor, setting the wheels in motion early can ease the burden. Keeping track of these key dates and setting reminders for each of the required steps can help you avoid a last-minute decision. This can also help minimise the financial disruption that many couples experience. Considerations for U. S. and Non-U. S. Taxation These are crucial factors to being a taxpayer abroad and operating a US-based account. Here is a list and some explanations. U. S. Capital Gains Tax: Any realised gains from redeeming holdings in your mutual funds may be subject to tax, depending on the length of time that you’ve held the mutual funds. This would apply at either a short- or long-term capital gains rate, depending on your holding period. Foreign Tax Credits: There is no clear rule about whether or not foreign tax jurisdictions recognise taxes paid in the US. Take advantage of a tax advisor who is well-versed in cross-border tax treaties. When asked about the potential risks, I always say that the more complex the asset, the more likely it is that something can go wrong. Foreign Reporting: Do you have accounts outside your residence country? In that case, you might have to report them to your local tax authority – an additional filing, and potentially an additional layer of complexity to your reporting. Foreign Tax Treatment: There could be adverse tax treatment for sold investments. For example in the UK, Can I continue to invest in Vanguard mutual funds if I live outside the U. S. ? If you’re not a U. S. resident, you may be restricted from opening a Vanguard Brokerage Account. Your options may include finding an alternative brokerage that allows international investors or redeeming your current investments. What happens if I don’t take action before the end of 2025? If you don’t take action, your account may be restricted to withdrawals and asset transfers only, meaning you won’t be able to make new investments, trades, or changes to your funds. Are there any tax consequences if I redeem my investments? Redeeming investments may trigger capital gains tax in the U. S. and possibly in your country of residence. Consulting with a tax advisor can help you understand the implications based on your specific situation. Who can I speak to for guidance? Vanguard can provide clarity on what is happening and what to do. Additionally, Edale and other financial planning firms offer services specifically for expatriates and dual citizens. A professional with experience in cross-border financial advice can help you navigate these complexities. Our thoughts on what to do If you have received this communication from Vanguard, it’s important to act well ahead of the 2025 expiration date. Giving yourself plenty of time to explore alternatives allows you to make clear-headed decisions at your own pace and minimise the impact of disruptions to your investments. Should you need additional assistance or guidance from a financial advisor, Edale's advisers specialise in the unique financial needs of expatriates and dual-citizens. For those interested, Edale’s expatriate financial advice services are specifically tailored for individuals facing similar challenges with U. S. -based investments. Whether you're dealing with Vanguard or other investment accounts, planning ahead can make all the difference. Does Vanguard work with expats? Vanguard doesn't work for non-residents in most markets. If you leave the US or the UK they will usually freeze your account. As a global organisation, they are principally set up to service local markets where people reside there. If you've a 401k or IRA with Vanguard US and live outside the USA, you should let them know to comply with terms and conditions. Vanguard US will tell you they will not allow non-residents to invest more with them. --- > Explore VCTs and EIS for tax-efficient investing in the UK, their benefits, and why US persons face unique challenges with PFIC and CFC rules. - Published: 2024-10-18 - Modified: 2025-06-06 - URL: https://edale.co/us-citizens-suitability-for-venture-capital-trusts-vcts-enterprise-investment-schemes-eis-in-financial-planning/ VCTs and EIS schemes are popular in the UK as investment vehicles when other products are maxed out but PFIC rules apply. So do Americans in the UK with US tax reporting situations get the same benefits as non-dual citizens. Are you a venture capital trust or enterprise investment scheme (EIS) investor? If not, should you be? The government-backed venture capital trusts (VCTs) and enterprise investment schemes (EIS) are two of the UK’s most successful investment structures designed to entice private individuals and the institutional investment community to our money in to small, high-growth companies. The major attraction is tax: there are generous government-approved incentives for investing in qualifying businesses. EISs and VCTs cater for two very different types of investor and different considerations with regard to levels of risk and return and have their own rules, benefits and idiosyncrasies. Benefits of VCTs and EIS in Financial Planning Tax Efficiency: VCTs and EIS both deliver substantial tax advantages. Up to a maximum of £200,000 per tax year, VCTs reward you with 30 per cent income tax relief on investments. EIS allow up to £1,000,000 per tax year with 30 per cent income tax relief. CGT benefit: Both schemes are exempt from capital gains tax on profits if the shares are sold nad conditions are met. Reduction of risk through diversification: both VCTs and EIS spread your investment across numerous small, unlisted companies, thus reducing your risk while potentially increasing your returns. Supporting Innovation: Both schemes play an important role in seed-funding innovative, fast-growing companies, thereby contributing to economic growth and job creation. Suitability for Different Types of Clients High-Income Earners: tax-efficient way to reduce income tax bill and invest in into (potentially) high-growth investments. Pension planning: can enjoy the tax-free growth/income from VCTs and EIS. Considerations for US Persons VCTs and EIS can be wonderful tools, but they don’t work for US persons because of the PFIC and CFC rules. These rules place significant amounts of reporting on the US citizen and complex tax liabilities. This is not to say that there is no alternative path for US persons who want to invest globally. ISAs and general investment accounts are things to consider with a buy and hold strategy to avoid higher short-term capital gain tax and benefit from time tapers. When American's are considering investments, it is a really good idea to have a financial advisor involved in the process. Bottom line VCTs and EIS schemes are really useful to know about for your financial planning; they provide tax efficiency, a certain amount of diversification, and they are a great way of supporting innovation but the exact nature of your suitability as an investor would depend on your personal income tax circumstances and your residence status. For American's it’s not as straightforward to just assume "it’s all good". It’s complex when considering your US status with the rules regarding PFIC (passive foreign investment company ) or as a CFC (controlled foreign corporation) in the IRS tax system. This will subject you to further reporting obligations and punitive tax that will cancel some of the UK major benefits of these schemes. --- - Published: 2024-10-18 - Modified: 2025-06-12 - URL: https://edale.co/uk-pension-annuity-when-an-expat-or-non-resident/ - Categories: Expat financial advice, us uk financial advisor Elizabeth's Complicated Access to a UK An expat annuity is a product that gives a guaranteed income in exchange for handing over a lump sum. International annuities are no longer something that is offered to expatriates from the UK, given our advice experience and numerous searches we have done over the years for clients. There are odd exceptions to the rule, but these are limited to specific personal circumstances and the type of pension provider you are already with. If you are living overseas, an annuity will likely not be an option for you, so you need to consider flexi-drawdown or 20-year income-generating strategy. An annuity converts your savings into an annual pension income, giving you a guaranteed income for life, or for a specified period. They are attractive to some clients as they give a set income, paid on a regular pattern and may grow with inflation. The difficulty is annuities are not offered to expatriate and non-resident clients. Trying to take a cash distribution from a UK pension and buying an annuity in your home market is unattractive as income tax at 40% is likely to be applied by the HMRC on the withdrawal. A lower lumpsum amount is not wise to then convert to try get an annuity in the market where you live as the income will be low after considering the 40% tax rate on the withdrawal. Annuity options for those with UK-based pensions living overseas in the future or retiring abroad. Using a defined contribution company pension or private pension to buy an open-market annuity is not a mainstream option for non-residents. Expats and foreign nationals living outside the UK are frustrated when making decisions to buy an annuity due to product provider rules and policies. Many insurance companies and pension trustees focus their policies on the majority of their customers, which are members that live in the UK, so for people living in Europe, America or elsewhere, they face challenges. From a practical perspective, UK pensions are protected under UK law, UK financial services regulations and UK compensation schemes. They rarely encroach on overseas regulator's rules. Most financial regulators acknowledge this.  So, global-thinking financial advisors can work with some UK pension providers that will offer terms even when you do not live in the UK. Annuities have become much more attractive as pension annuity rates have gone up.   Taking retirement benefits but living abroad When reaching retirement age or considering retirement, accessing UK pension savings may be more complicated if you live overseas or only worked in the UK for a period of time. The retirement options available within the scheme (or schemes) – perhaps income drawdown, tax free lump sum, purchase of an annuity, etc - should be the same to all members, wherever they happen to reside at the time of their retirement. Nevertheless, some benefit options may not be available to members overseas if providing them would require a member to accidentally default into a new contract for them. For example, if the pension provider did not offer an annuity, the member would have to buy the annuity from a separate provider, and that would be a new contract, so it depends on whether an annuity provider is willing to enter into a contract with someone outside the UK. Few will, as they would then need to meet regulatory and tax-reporting requirements to be able to do so. The UK's main list of annuity providers and their stance on non-resident annuity: Just Retirement Annuity They can only offer Annuities to UK residents with a UK based GP and UK Bank account. Scottish Widows Annuity You must live in the UK or Northern Ireland (this doesn't include Channel Islands or the Isle of Man). So non-residents cannot get an Annuity from Scottish Widows. Canada Life Annuity Their key facts document requires "you are a UK resident", so this annuity is not available to non-residents. Legal and General Annuity They can only offer Annuities to UK residents and need to be resident in the UK for 6 months of the year. Standard Life Annuity You must live in the UK. LV= Annuity You must be a must be a permanent UK resident. Buying an annuity A retiree seeking a secure and regular income can purchase an Annuity, either at retirement, or at a later date. What is an Annuity? It is an insurance product that allows a pension member to exchange their pension pot for a guaranteed regular income which lasts for their lifetime or a specified period. Purchasing an Annuity is an irreversible decision, so exchanging a lump sum for a guaranteed income needs to be understood carefully. A quarter of your pension pot can usually be taken as a tax-free lump sum and any other payments will be added to the rest of your income and taxed at your highest marginal rate of income tax. You can usually take your benefits from the minimum pension age. This is currently age 55. From 6 April 2028 this will be age 57 unless you have a protected pension age. Not all pension providers offer annuities and some contractually outsource these to an annuity provider. Therefore, contractually, if you have an existing pension with one of these pension schemes and live overseas, you should be offered an Annuity in your Retirement Pack. When deciding to take benefits if you are not resident in the UK at the time you take benefits, the range of options can be smaller. Shopping around to find the right retirement product if you are already living abroad may be more difficult, depending on the new provider being able to accept the business. You can get UK financial advice on your UK pension is living abroad The UK regulator, the Financial Conduct Authority, are comfortable for individuals who are members of UK pension to take care of their UK pensions and get advice as if they were residents in the UK provided the local regulations where you reside do not require any additional measures other than UK regulations protecting you and your UK pension. Overseas residents taking benefits from UK schemes Annuities have traditionally been a popular choice, but alternative options are emerging, providing flexibility and potential growth. Ultimately, determining the best option depends on individual financial goals and risk tolerance. Annuities provide security, while alternative options offer flexibility and growth. Overseas residents must weigh these factors carefully to ensure a financially stable retirement. There are many issues to untangle when you take benefits from a UK pension if you’re now resident abroad, but to start with, consider the following. 1. Tax Treatment: it’s always important to think about the tax implications of receiving pension benefits. Living outside the UK It can prove frustrating to get an annuity when living abroad. With few exceptions, most UK provider financial services prefer to deal with UK residents. Treating non-residents can be complicated and risky for providers, which can make the offering more onerous and expensive. Providers often prefer to only deal with those who are based in the UK. When living abroad, having an adviser who is able to deal directly with providers and guide you towards someone who is able to work for you can help. Overseas residents taking annuity from UK schemes For overseas residents who are receiving annuities from UK pension schemes, it’s important to understand both the tax implications and payment mechanisms involved. Annuity payments are generally subject to UK income tax under PAYE, even if the recipient is no longer a UK resident. Consulting a financial adviser with expertise in cross-border pensions can help ensure the correct tax treatment and optimal financial planning for those relying on UK annuities while living abroad. Have UK Pensions and want an get a guaranteed income in retirement? Speak to us about your options UK Pension Annuity for Non-UK Residents One of the primary challenges faced by non-UK residents when it comes to UK pension annuities is that most providers limit their annuity products to UK residents only. This restriction can significantly complicate retirement planning for individuals who have moved abroad. Many pension providers are hesitant to offer annuities to those living outside the UK due to the complexities of cross-border regulations, differing tax rules, and increased compliance requirements. As a result, non-UK residents often find their options for purchasing an annuity limited or even unavailable. For those who had purchased their annuity before leaving the UK, such payments might still be subject to administrative headaches, tax issues, and possible currency arrangement issues. The limited availability of annuity products represents a significant problem for some expatriate retirees who need to supplement their retirement income while abroad, as annuity payments tend to offer the much-needed income certainty and security. Annuity options for those with UK-based pensions living overseas in the future or retiring abroad. Using a defined contribution company pension or private pension to buy an open-market annuity is not a mainstream option for non-residents. Expats and foreign nationals living outside the UK are frustrated when making decisions to buy an annuity due to product provider rules and policies. Many insurance companies and pension trustees focus their policies on the majority of their customers, which are members that live in the UK, so for people living in Europe, America or elsewhere, they face challenges. Case study: Elizabeth's Complicated Access to a UK Annuity to Obtain Pension Benefits In The UK As Elizabeth, a long-term expat who had left the UK decades before, began to think about her later retirement years, she had complications to consider in accessing an annuity. She approached Edale for advice as her options were not Elizabeth had over five years before being able to take the state pension in her adopted country and less than three years to access the UK State Pension. As her partner couldn’t work any longer because of his declining health, she wanted to access her tax-free savings to take here tax -free cash ey to pay-up her UK National Insurance to be eligible for the full UK state pension and get an annuity for a secure base income. She had a plan of potentially returning to the UK, so she wanted her UK Pension paid to a UK Bank Account. Elizabeth was in a fortunate position as her Phoenix LIfe pension had protected benefits, so she was contractually able to be offered an annuity. It is rare for an annuity to be provided to non-residents where there are no protected rights. Phoenix Life insisted the money was paid to an overseas account as Elizabeth was a non-resident. UK Annuity for Non-Resident The Dilemma Elizabeth had a Phoenix Life pension with valuable protected benefits but found regular annuity payments could only be made to an account overseas as she was not a UK resident. This was a problem, as Elizabeth was considering moving back to the UK to claim state pensions and care for her partner better. She wished her annuity payments were paid into a UK bank account, to make financial planning easier should she ever return home. Meanwhile, she drew on the tax-free lump sum in her pension to pay missing UK National INsurance years to be eligible for the UK State Pension. Evaluating the Options We had a call with Elizabeth to assist in explaining her situation and offered guidance on the best strategy for her. The main choices were: - Buying the annuity and sending money to her account in a foreign country. - Transferring the pension to a provider that would accept a nonresident to offer flexible drawdown paid into a UK Bank Account after her PCLS was paid. Flexible drawdown instead of an annuity For those unable to get an annuity as a non-UK resident, Flexible drawdown lets them draw different amounts from their pension at irregular or regular intervals. It’s flexible but puts the money at risk of investment and may mean different incomes. For Elizabeth, after careful estimation, the annuity’s guaranteed payout – approximately £1,000 a year from a £19,000 pension pot – was evident as the wisest financial course for Elizabeth. The annuity brought stability, which she and her husband needed and outweighed the complexity of opening a GBP Bank account in her home country to receive the cash. Strategic Recommendations We said that Elizabeth should take the annuity and advised her on how to maximise her financial returns: -Setup a UK Sterling or Multi-Currency Bank Account: So, instead of risking the losses posed by fluctuations in the currencies, we suggested that Elizabeth open a UK Sterling account in her home country or a multi-currency account. She’d receive her annuity payments in GBP, preserving the value of her drawdown and making it easier to control currency. -Decide to Pay Quarterly or Less Frequently: Annuity payments would be made through SWIFT, the international bank transfer system usually costing £15 per transfer, so we advised quarterly or less frequent payments from the annuity. This would reduce the amount of her income that she paid in charges to the bank and would leave a larger proportion of her annuity to her use. -Utilise the Tax-Free Lump Sum: Her pension, in a tax-free lump-sum payment, helped with short-term expenses and funded the missing National Insurance years in the UK. Outcome and Future Considerations Elizabeth took the annuity and applied the advice. Guaranteed income offered security, and the lump sum tax free cash was used to pay the missing national insurance to access the full UK State Pension. By setting up a multi-currency account and paying quarterly, she saved on transaction fees and retained more of her annuity income. The annuity payments were paid to her overseas account, but Elizabeth’s plans gave her leeway if she wanted to move back to the UK in the future. This example also shows the need for tailored financial advice regarding tricky pension decisions, particularly for expats. By working with Elizabeth’s specific situation and interests, we ensured that she could maximise her pension while retaining sufficient income for herself and her husband. MoreShow less Taxation of UK annuity income for non-resident Is annuity income taxable for expats? Yes, annuity income is taxable in the UK. HMRC treats your annuity income like any other taxable income, including your State Pension. There is the UK Personal Allowance, but a full UK State Pension and annuity income could make it taxable as it's above the single personal income allowance. If you took an annuity before leaving the UK then you may have taken a tax free initial payment before commencing the annuity. 25% of the overall pension fund value can be taken as a tax-free lump sum. This is the only payment you can take which is guaranteed to be free of any income or capital gains tax, so is often a good decision before buying an annuity or moving abroad. Annuity income payments to non-UK Bank The annuity payment can be paid in sterling into a UK bank account. The pensioner can then transfer money as and when required (e. g. , when the exchange rate... --- > Receive a personalised illustration to get a guide on fees you may pay to invest in our accounts and how we help can you. - Published: 2024-10-16 - Modified: 2024-10-16 - URL: https://edale.co/wealth-quotation/ Submit your details to get a personalised investment illustration from our financial advice team. Full Name: Date of Birth: Email Address: WhatsApp Number (if preferred for document messaging): Select your citizenship(s): UKUSEUOther Investment Products for Adults Select the product(s) you want a quote for: PensionCash ISAStocks and Shares ISAGeneral Investment AccountLifetime ISA Pension Amount: Frequency: One OffMonthlyQuarterlyAnnually Cash ISA Amount: Frequency: One OffMonthlyQuarterlyAnnually Stocks and Shares ISA Amount: Frequency: One OffMonthlyQuarterlyAnnually General Investment Account Amount: Frequency: One OffMonthlyQuarterlyAnnually Lifetime ISA Amount: Frequency: One OffMonthlyQuarterlyAnnually Children's Information How many children do you want to include? 01234 Investment Products for Children Select the child investment product(s) you want a quote for: Junior ISAJunior SIPPGeneral Investment Account Junior ISA Amount: Frequency: One OffMonthlyQuarterlyAnnually Junior SIPP Amount: Frequency: One OffMonthlyQuarterlyAnnually General Investment Account Amount: Frequency: One OffMonthlyQuarterlyAnnually document. getElementById('num-children'). addEventListener('change', function { var numChildren = parseInt(this. value, 10); var childrenDetailsDiv = document. getElementById('children-details'); childrenDetailsDiv. innerHTML = ''; // Clear previous fields for (var i = 1; i --- - Published: 2024-10-15 - Modified: 2024-11-26 - URL: https://edale.co/join-edale/ Welcome to Edale! To get started with our financial advisory services, we need some essential details to ensure we provide the best advice tailored to your unique circumstances. Please complete the form below with your personal information, including your full name, date of birth, national insurance number, and citizenship(s). If you are a US person, kindly provide your Social Security Number as well. Additionally, include your current and past addresses from the last three years to complete the onboarding process. This information will help us understand your situation and offer the right guidance. Your personal information shall be used as per our privacy policy and terms of business. Full Name Title (e. g. , Mr. , Mrs. , Ms. , Dr. ) Mr. Mrs. Ms. Dr. Other Email address Date of Birth Mobile Number UK National Insurance Number Citizenship (hold Ctrl/Command to select multiple) United KingdomUnited StatesOther (please specify) If 'Other', specify US Social Security Number (if applicable) Passport Number and expiry date (for ID checks for money laundering requirements) UK Bank account details This is the bank account you want to link the investment account to. Sort Code: Account Number (8 Digits): Current Address Previous Address (if within 3 years) Previous Address 2 (if applicable) Any additional information to share (if applicable) Add any additional information that is important. For example Child(ren) info for Junior Accounts. document. addEventListener('DOMContentLoaded', function { const sortCodeInput = document. getElementById('sort_code'); const accountNumberInput = document. getElementById('account_number'); // Enforce Sort Code Format: XX-XX-XX sortCodeInput. addEventListener('input', function (e) { let value = e. target. value. replace(/\D/g, ''); // Remove non-numeric characters if (value. length > 6) value = value. slice(0, 6); let formattedValue = value. match(/. {1,2}/g)? . join('-') || value; // Group into 2 digits with '-' e. target. value = formattedValue; }); // Enforce Account Number Format: 8 digits only accountNumberInput. addEventListener('input', function (e) { let value = e. target. value. replace(/\D/g, ''); // Remove non-numeric characters if (value. length > 8) value = value. slice(0, 8); // Limit to 8 digits e. target. value = value; }); }); Your Information is Secure All data entered in this form is securely captured and stored using SSL encryption, ensuring your personal details are protected. We prioritise your privacy and use the latest security protocols to safeguard your information. --- > Ensure your identity is verified through Brite Advisors' Identity Proofing to avoid delays in receiving valuation details on your pension or investments. - Published: 2024-10-14 - Modified: 2024-10-14 - URL: https://edale.co/brite-advisers-beneficiary-idetification-and-valuations/ Emails from "Brite Advisors Identification" detail how investors can confirm their identities. Brite Advisors Identity Verification is the first step to getting updated beneficiary valuations. Beneficiaries must go through this process as it will allow them to complete a critical step in getting detailed valuation information on their pension or investment account. We strongly advise all beneficiaries to complete this step as soon as possible to avoid delays in accessing crucial financial information and the eventual distribution of your assets. Identification for Brite Advisors clients Under the powers provided to the Receivers under the September 2024 Orders, they are permitted to perform an Identity Proofing process on each Beneficiary. GBG Global has been engaged in performing this service. GB Group plc (LSE: GBG), also known as GBG, is a global leader in digital identity verification, fraud prevention and location data intelligence. It was founded in 1989 to help the world’s largest organisations onboard customers fast, simply and compliantly and mitigate the risk of fraud. They are listed on the London Stock Exchange with a market value of over £700m. So, they are an ideal firm for the receivers to select. Why is Completing Identity Proofing Essential? Identity Proofing is a process that checks that you are the person who should receive the information on your Brite Platform investment account by confirming who you are. The Recievers need to get the identity of the rightful beneficiaries so they can share information on your account (including your Valuation Notice). Without doing the identification checks, getting critical information about your pension (or other investments) can be delayed. Our advice to recipients of the Brite Email Edale's Recommendations when you receive the Brite Identification email: Complete the identification portal: Complete the Identity Proofing through the GBG portal. There will be an email from the receivers, McGrathnicol, which should take you to a page that looks like the below. Quality photos and scans: Check uploaded images are high quality and there is no glare. Make sure the name you enter into the site matches the name on your ID. If there is a problem with the quality of the submission its likely it will cause a delay to your identification being confirmed. Don’t Delay: The sooner you complete the steps above, the easier you've made your task to get a Valuation Notice when the Reciever releases this information. Procrastinating in completing these steps will keep you from accessing key financial information. --- > Advice and tools for public authorities on subsidies and subsidy schemes under the Subsidy Control Act 2022. - Published: 2024-10-09 - Modified: 2024-10-09 - URL: https://edale.co/subsidy-control-guidance-and-services/ Subsidy Control Business Advice Service Edale advises public authorities on subsidies and subsidy schemes under the Subsidy Control Act 2022. Edale has vast experience in advising public authorities on subsidies and subsidy schemes under the Subsidy Control Act 2022. With the introduction of the UK's new subsidy control regime following Brexit, ensuring compliance with the complex regulatory framework is critical for public authorities, especially when dealing with large or high-impact subsidies. Public authorities face increasing scrutiny when it comes to subsidies, particularly those of significant value or impact. Our services include: Assessment Preparation: We help you prepare subsidy reports that meet the Subsidy Control Act’s requirements, especially for high-value schemes of particular interest. Non-Binding Advice: We provide non-binding evaluations of subsidies, ensuring they comply with the Act and are defensible against scrutiny from the SAU or other regulatory bodies. Ongoing Monitoring: We assist with the continuous monitoring of subsidy schemes, helping to ensure ongoing compliance with subsidy control regulations. Regulatory Guidance: Our team keeps you updated on the latest developments in subsidy control, ensuring you have access to the most current advice and insights. Common Shortcomings for Local Authorities in Subsidy Control Despite detailed guidance in the Subsidy Control Act 2022, the first annual report from the Subsidy Advice Unit (SAU) outlined some of the most common issues that local authorities faced in their cases referred to the Subsidy Advice Unit. These issues can result in delays, mistreatment or misclassification of parts of a subsidy measure, or financial penalties. Here are the most frequent areas of concern: Policy objective: Each firm or applicant referred for a targeted subsidy must have a clear policy objective, which must be either cleanly specific to the referred subsidy or to the addressed market failure/concern and equity objective. The policy objective must be unique to the specific subsidy being referred—this is a crucial first building block that will set the context for the assessment. Market failures: the term market failure has a very precise economic meaning that is not necessarily mirrored in a public authority’s assessment. The rationale for providing the subsidiary needs to be clearly explained. Competition and Investment: This is a frequent area that is thin in assessments. The focus should be on how the subsidy is designed to minimise distortions. Balancing Exercise: This part should combine the positives and negatives. Focus on explaining why the benefits (in relation to the policy objective) outweigh the negatives. This will result in a stronger assessment rather than one that minimises the negatives. Evidence: Assessments should cite relevant supporting evidence at each step, considering confidential information. To minimise the need for redacting confidential information and, therefore, maximise transparency, the reports should, where practicable, be drafted without reference to confidential information, provided that this does not detract from the comprehensibility and accuracy of the report. How Edale Help on Subsidy Control At Edale, we provide independent advice and hands-on support to ensure subsidy work and assessments meet the requirements set out in the Subsidy Control Act 2022. Our team of experts helps local authorities identify and rectify common issues, ensuring that subsidies are correctly categorised, compliant, and fully defensible against evaluations. Free Subsidiary Control tools We have provided a few online tools to support Subsidy Control functions. Subsidy Classifaication Tool assess whether a subsidiary award is a meet the thresholds for Schemes of Interest (SSoI) or Schemes of Particular Interest (SSoPI). Minimum Financial Assistance assessment provides guidance on Minimal Financial Assistance rules, with an accompanying declaration tool --- > Minimal Financial Assistance rules, with free Minimal Financial Assistance Tool for enterprises to assess their position. - Published: 2024-10-09 - Modified: 2024-10-09 - URL: https://edale.co/minimal-financial-assistance-assessment/ - Categories: Consulting Minimal Financial Assistance, or MFA, is a form of small-value subsidy that is less regulated under the UK’s Subsidy Control Act 2022 than is large-value subsidy. It is the UK equivalent of the European Union’s de minimis aid, which allows Member States to award small scale financial support to businesses without requiring a full compliance procedure. Key Features of Minimal Financial Assistance: Threshold: Subject to a number of conditions, an enterprise in the UK may receive up to £315,000 in total over a 3-year period, across all applicable UK linked subsidiaries and parent companies in a rolling 3-year period. This threshold is cumulative and applies to the total value of the grant, tax relief or other financial benefit received by the enterprise. Exempt from Full Subsidy Control: As the value of MFA is relatively low, it doesn't disturb what the OECD terms ‘tighter controls’. Firms receiving only MFA will not be subject to the conditions that apply to ‘more significant’ subsidies. Types of Support: Assistance under MFA can take the form of state grants, tax exemptions, guarantees, preferential loans, access to services at favourable terms and so similar. They are typically aimed at assisting enterprises to grow, particularly small and medium enterprises (SMEs). Declaration Requirement: For any new subsidy application the organisations are required to report the amount of MFA that has been received in the past 3 years. The declaration form below helps to make that declaration. The enterprise needs to keep records for 3 years for subsidies received under MFA from the date of receipt to ensure that total over the rolling 3-year time period does not exceed the £315,000 limit. Rulebook of financial support to enterprises Under Section 36 of the Subsidy Control Act (2022) that came in to force on the 4 January 2023 the maximum level of Minimal Financial Assistance (MFA) that an economic actor* may receive is up to a maximum of £315,000 in any 3 year period. This is across all UK measures under the terms of the UK-EU Trade and Cooperation Agreement, the Withdrawal Agreement, the Northern Ireland Protocol, the World Trade Organisation Rules and Trade Agreements between the UK and non-EU countries. *References to “You" and a “single economic actor” in the context of this declaration means not only your organisation, but also any enterprises linked to your organisation. The table below must include any subsidy or aid they have received. Under Section 37 (2)(c) you need to declare these amounts to us in the table below and to any other aid awarding body who requests information from you on how much assistance you have received. You must retain records of the award of the subsidy for a period of at least 3 years from the date of the award. let totalAssistance = 0; const threshold = 315000; function addRow { const provider = document. getElementById('provider'). value; const value = parseFloat(document. getElementById('value'). value); const date = document. getElementById('date'). value; const nature = document. getElementById('nature'). value; const today = new Date; const assistanceDate = new Date(date); const threeYearsAgo = new Date; threeYearsAgo. setFullYear(today. getFullYear - 3); if (provider && value && date && nature) { if (assistanceDate >= threeYearsAgo && assistanceDate threshold) { warningMessage. style. display = 'block'; } else { warningMessage. style. display = 'none'; } } Minimal Financial Assistance Declaration Please enter the details of all subsidies or financial assistance your group has received over the last three fiscal years. Body Providing the Assistance/Aid: Value of Assistance (£): Date of Assistance: Nature of Assistance: Add Assistance Declared Assistance Body Providing Assistance Value of Assistance (£) Date of Assistance Nature of Assistance Action Total Value of Assistance (£): 0 Warning: The total sum of subsidies exceeds the Minimal Financial Assistance threshold of £315,000. --- > Subsidy Classification Tool to determine if your subsidy is a Scheme of Interest or Particular Interest under the Subsidy Control Act 2022 - Published: 2024-10-08 - Modified: 2024-10-09 - URL: https://edale.co/subsidy-classification-tool/ - Categories: Consulting, Subsidy Control Determine Whether Your Subsidy is a Scheme of Interest or Particular Interest The Subsidy Classification Tool where you can make an instant judgment as to whether a subsidy, including a subsidy scheme, is a ‘Scheme of Interest’ or a ‘Scheme of Particular Interest’ within the meaning of the Subsidy Control Act 2022. This has been developed based on the Subsidy Control (Subsidies and Schemes of Interest or Particular Interest) Regulations 2022. This tool is based on regulations which has increasing supervision depending on the type, size and objective of the subsidy. This tool reduces the complexity of the process and allows for public authorities, firms and stakeholders to classify subsidies quickly based on simple question and answer. How the Subsidy Classification Tool Works Simply answer a few key questions about the subsidy, such as: The total value of the subsidy or scheme Whether the subsidy is related to a sensitive sector (e. g. , manufacturing, energy, motor vehicles) If the subsidy involves relocation or restructuring activities Whether the subsidy is part of a tax measure The total value of related subsidies within the applicable financial period After considering each response, the tool will place the subsidy into one of the following two categories. ‘Subsidy or Scheme of Particular Interest ’: subsidies that have higher de minimis thresholds or relate to sensitive sectors or sensitive activities – including certain relocations and restructuring projects. These need to be checked more closely and might need to be referred to the Competition and Markets Authority (CMA). Subsidy or Scheme of Interest: For subsidies that are not classified under ‘Particular Interest’, but are still worthy of examination based on their size, goal and/or sector. How We Can Help You with Subsidy Control Need help navigating the complexities of Subsidy Control? We’re here to support you! Our expert team can assist with completing forms, performing detailed assessments, and ensuring your reports meet the requirements of the Subsidy Control Act 2022. Whether you’re applying for or reporting on a scheme through the UK Subsidy Database, we provide tailored guidance to ensure full compliance. Get in touch today to streamline your process and avoid costly errors. Let us help you every step of the way! Contact us for Subsidy Control assistance. Why Classification Matters Classifying your subsidy correctly is critical to complying with the Subsidy Control Act as only certain types of subsidy must be reported to the CMA before you give them. These are the Particular Interest subsidies. Interest subsidies will only need to be reported to the CMA if the specifics of a scheme mean that CMA intervention is required. Utilising the tool in this manner enables you to classify your subsidy or scheme correctly the first time and have it approved quickly with no further issues. Who Should Use This Tool? This tool is designed for: Public Authorities offering subsidies or subsidy schemes Businesses receiving subsidies Legal and Financial Advisors assessing the impact of subsidies Any stakeholders involved in subsidy arrangements under the Subsidy Control Act 2022 Subsidy Classification Tool function classifySubsidy { const amount = parseFloat(document. getElementById('amount'). value); const totalSubsidy = parseFloat(document. getElementById('totalSubsidy'). value); const sensitiveSector = document. getElementById('sensitiveSector'). value; const relocation = document. getElementById('relocation'). value; const restructuring = document. getElementById('restructuring'). value; const taxMeasure = document. getElementById('taxMeasure'). value; let result = ''; // Check for "Subsidy of Particular Interest" if (amount > 1000000) { if (totalSubsidy > 10000000) { result = 'This is a Subsidy of Particular Interest. '; } else if (totalSubsidy > 5000000 && sensitiveSector === 'yes') { result = 'This is a Subsidy of Particular Interest due to sensitive sector involvement. '; } else if (relocation === 'yes') { result = 'This is a Subsidy of Particular Interest due to relocation restrictions. '; } else if (restructuring === 'yes') { result = 'This is a Subsidy of Particular Interest due to restructuring involvement. '; } } // Check for "Subsidy of Interest" if (! result && totalSubsidy > 5000000) { result = 'This is a Subsidy of Interest. '; } else if (! result && relocation === 'yes') { result = 'This is a Subsidy of Interest due to relocation restrictions. '; } else if (! result && restructuring === 'yes') { result = 'This is a Subsidy of Interest due to restructuring involvement. '; } else if (! result && taxMeasure === 'yes') { result = 'This is a Subsidy of Interest due to tax measures. '; } if (! result) { result = 'This does not fall under Subsidies of Interest or Particular Interest. '; } document. getElementById('result'). innerText = result; } Subsidy Amount (£): Total Subsidy Amount within Applicable Period (£): Does the subsidy concern a sensitive sector? Yes No Is the subsidy subject to relocation restrictions? Yes No Is the subsidy for rescuing or restructuring? Yes No Is the subsidy part of a tax measure? Yes No Classify Subsidy Warning The information provided by this tool is for general guidance only and does not constitute legal or financial advice. The classification of subsidies under the Subsidy Control Act 2022 can involve complex legal considerations. Results from this tool are based on the information you provide and may not reflect all nuances of your specific situation. Before making any decisions or submitting reports to regulatory bodies, you should seek independent professional advice to ensure full compliance with the law. Misclassification of subsidies may lead to delays, legal challenges, or financial penalties. Use this tool at your own risk and always consult an expert when in doubt. --- - Published: 2024-10-01 - Modified: 2025-03-06 - URL: https://edale.co/press-coverage-and-professional-comment/ Press Cuttings See where Edale’s experts have been quoted in the media. Chance for a new start Publication: Zeit Sprachen https://www. zeit-sprachen. de/ | Date: 6 March 2025 Quote: "When Lawrie Chandler lost his job, he didn't let himself be discouraged and started his own company. Here the financial advisor talks about his new beginning. " How Much Of My Paycheck Should I Save? Publication: SuperMoney https://www. supermoney. com/ | Date: 4 November 2024 Quote: “Once you start earning the first paychecks its important to ensure some money is put away for a emergency’s, rainy days and for retirement. ” How to complain properly to get the result you need Publication: Saga Money https://www. saga. co. uk/saga-money-news/ | Date: 18 September 2024 Quote: "Go through the financial provider’s complaint process before raising the issue with an Ombudsman. " What Advice Do You Have for Beginners Building Investment Portfolios? Publication: Brokerage Tips https://brokeragetips. com | Date: 9 September 2024 Quote: "Adopt an Accumulation Mindset. " I’m a financial adviser and lost track of my £58k pension Publication: i News https://inews. co. uk/ | Date: 6 September 2024 Quote: "Pensions are not easy to keep track of over a lifetime so it's quite common for one, if not more, to get overlooked and forgotten about. Need for experts to help track and consolidate pensions. " How you can invest in London property without being a homeowner or landlord Publication: Evening Standard https://www. standard. co. uk/ | Date: 19 October 2023 Quote: "Lawrie commenting on the use of Real Estate Investment Trust, or REIT, as a route to property investing" How Edale Experts Are Guiding Clients Through Volatile Markets Publication: Nerd Wallet https://www. nerdwallet. com/ | Date: 5 September 2024 Quote: "Lawrie commenting on ease of challenger and tradtional bank account opening" Government Help to Grow scheme: training to accelerate your business Publication:Natwest Bank https://www. natwest. com/ | Date: 3 March 2022 Quote: "Profile of Edale on undertaking Help to Grow: Management programme. " --- > Essential IRS tax forms for U.S. expats and dual nationals in the UK. Find forms, descriptions, and download links. - Published: 2024-09-27 - Modified: 2024-09-27 - URL: https://edale.co/us-expat-tax-ris-forms-uk/ - Categories: Expat financial advice, us uk financial advisor - Tags: Americans in the UK, financial advice for American expats, US tax compliance For US citizens residing in or dual nationals living in the UK, maintaining tax compliance with IRS requirements can be confusing. IRS law states that US citizens (even if they live abroad) must report their worldwide income and disclose certain financial assets. This checklist has been compiled to guide you through finding the IRS tax form you may need to fill out. The following descriptions, direct links, and tax form-filling tips are designed to let you satisfy your tax obligations and avoid IRS penalties. Here is a list of essential IRS forms that U. S. taxpayers living abroad may need to complete for tax reporting purposes. Form NumberForm NameDescriptionURLForm 1040U. S. Individual Income Tax ReturnMain form used to report personal income, deductions, and credits. All U. S. citizens and resident aliens must file this form. Form 1040Form 2555Foreign Earned IncomeUsed to claim the Foreign Earned Income Exclusion and the Foreign Housing Exclusion or Deduction. Form 2555Form 1116Foreign Tax CreditUsed to claim credit for taxes paid to a foreign country. Form 1116Form 8938Statement of Specified Foreign Financial AssetsUsed to report specified foreign financial assets if the total value exceeds certain thresholds. Form 8938FBAR (FinCEN Form 114)Report of Foreign Bank and Financial AccountsUsed to report a financial interest in or signature authority over a foreign financial account. Filed electronically through FinCEN. FBARForm 8621Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing FundUsed to report income from passive foreign investment companies (PFICs). Form 8621Form 5471Information Return of U. S. Persons With Respect to Certain Foreign CorporationsRequired for U. S. persons who are officers, directors, or shareholders in certain foreign corporations. Form 5471Form 3520Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign GiftsUsed to report certain transactions with foreign trusts and the receipt of large gifts from foreign persons. Form 3520Form 3520-AAnnual Information Return of Foreign Trust with a U. S. OwnerUsed by foreign trusts with U. S. owners to report trust activities. Form 3520-AForm 8833Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b)Used to disclose treaty-based return positions and to take treaty benefits. Form 8833Form 8865Return of U. S. Persons With Respect to Certain Foreign PartnershipsRequired for U. S. persons involved with foreign partnerships. Form 8865Form 8939Allocation of Increase in Basis for Property Acquired from a DecedentUsed to report basis increases for property acquired from a decedent who was a nonresident. Form 8939Form W-8BENCertificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals)Used by individuals to certify their foreign status for U. S. tax withholding purposes. Form W-8BEN Knowing key tax dates for US and UK tax filing helps you prepare for what you need to do for tax deadlines and key dates. Plan for the year ahead, with this calendar which details all the relevant US & UK tax filing & payments dates. The US tax year is 1 January to 31 December. The UK tax year is 6 April to 5 April. Below does not constitute tax advice and each taxpayer should consult with their tax advisor. HMRC Reporting Dates for the Next 18 Months Date Description IRS Key Tax Dates for the Next 18 Months Date Description // Version 1 of the key tax dates (function { // IRS key tax dates for Version 1 (MM-DD format) const keyDates1 = , , , , , , , , , , ]; const today = new Date; const currentYear = today. getFullYear; const nextYear = currentYear + 1; const dateEntries1 = ; keyDates1. forEach( => { let = dateString. split('-'); const currentYearDate = new Date(currentYear, month - 1, day); const nextYearDate = new Date(nextYear, month - 1, day); if (currentYearDate >= today) { dateEntries1. push({ date: currentYearDate, description }); } if (nextYearDate a. date - b. date); const tableBody1 = document. querySelector("#dateTable1 tbody"); dateEntries1. forEach(entry => { const row = document. createElement("tr"); const dateCell = document. createElement("td"); const descCell = document. createElement("td"); const displayDate = entry. date. toLocaleDateString('en-UK', { month: 'short', day: 'numeric' }); dateCell. textContent = displayDate; descCell. textContent = entry. description; row. appendChild(dateCell); row. appendChild(descCell); tableBody1. appendChild(row); }); }); // Version 2 of the key tax dates (function { // IRS key tax dates for Version 2 (MM-DD format) const keyDates2 = , , , , , , , , , , , , , , , , , , , , , , ]; const today = new Date; const currentYear = today. getFullYear; const nextYear = currentYear + 1; const dateEntries2 = ; keyDates2. forEach( => { let = dateString. split('-'); const currentYearDate = new Date(currentYear, month - 1, day); const nextYearDate = new Date(nextYear, month - 1, day); if (currentYearDate >= today) { dateEntries2. push({ date: currentYearDate, description }); } if (nextYearDate a. date - b. date); const tableBody2 = document. querySelector("#dateTable2 tbody"); dateEntries2. forEach(entry => { const row = document. createElement("tr"); const dateCell = document. createElement("td"); const descCell = document. createElement("td"); const displayDate = entry. date. toLocaleDateString('en-UK', { month: 'short', day: 'numeric' }); dateCell. textContent = displayDate; descCell. textContent = entry. description; row. appendChild(dateCell); row. appendChild(descCell); tableBody2. appendChild(row); }); }); Our expat work means for US / UK residents we are frequently a recommended IFA for US citizens in the UK Lawrie Chandler, Financial and Wealth Expert for Americans in the UK Read out customer ratings. Free IFA Appointment for US Person A Financial Investment Advisor for US Citizens in the UK Book Appointment Very polite and friendly and helpful! Our situation is a little complex, and although Lawrie couldn’t help directly they recommended a couple of other companies for us to contact. Many thanks! LisaEverything I needed! I found Edale online as I had discovered how difficult it was to find a financial advisor able to advise me because of my USA citizenship. Lawrie was just the ticket – a straight talking, forward thinking Financial Advisor with a depth of understanding around the tax implications of various investment vehicles as it related to expat Americans. His solutions were inventive and right away I made a huge financial win that would have otherwise passed me by! I highly recommend! KellyAdvice on the financial reporting and tax liability for a Junior Isa for my American child. I had a zoom call with Lawrie to ask for some advice on the financial reporting and tax liability for a Junior Isa for my American child. Laurie was very knowledgeable and easy to talk to about this matter. If we needed financial advice for investments in the future we would engage with this company again. GinnieLawrie was very helpful and provided me with some useful guidance on an investment basis. I have tax and financial affairs that are more complex than usual, due to holding multiple citizenships and Lawrie was very knowledgeable and able to answer many of my questions over a 10 minute call. I would highly recommend this company as a first port of call for financial affairs or tax planning ideation. I was able to quickly book a consultation at no cost and left the call confident in what my options were going forward. Lawrie was very patient and listened to my circumstances meaning I did not feel rushed and was reassured about my financial concerns. Alex100% Recommend Edale! Lawrie and Edale have been incredibly thorough and supportive throughout the journey – from the moment I’ve consulted about my unique circumstances with regards to investment options (being a dual US citizen living in the UK) to onboarding me as a client to invest through them. I am so happy and relieved hat I’ve finally found a solution to a problem I’ve had for years, and so grateful for Lawrie being so thorough with the whole process – all the information was made easy to digest and understand, and I could (and still can) reach out to Lawrie whenever I had/have questions, and he was readily available and prompt with his responses. I love that Edale accommodates to clients of various sizes, and that I can invest at the pace and amount I feel comfortable in. Thank you so much! NinaBringing clarity to UK/US retirement questionsI had an incredibly positive experience working with Edale to navigate the complex world of UK/US cross-border financial planning, especially as it relates to investing for retirement. As a dual UK/US citizen married to a fellow dual citizen, and having lived in the UK since 2010, I was overwhelmed with how to most tax-efficiently invest for retirement given our mix of accounts in both the US (IRAs and Roth IRAs) and the UK (SIPP, employer pension, and USS). Thankfully, Edale provided clarity and guidance on every front. JesseGreat service and advice. Lawrie was really helpful. Very easy to talk to. Possessed a depth of knowledge. Made sure he answered all my questions. I highly recommend Edale and Lawrie in particular. ClairePhoned on the off chance. Got very helpful signpostingI phoned up on the off chance and was given a very helpful overview of my situation by Lawrie. I would certainly come back for more advice should it be necessary. KathrynFantastic Service – Thanks so muchSignposting advice on main considerations as an US expat in the UK. JoshKnowledgeable, concise and accessible. Lawrie was extremely helpful in bringing clarity to my situation and advising the best way to handle my US investments and pension while living in the UK. I appreciate his concise approach with no sales pitches. KarenMost helpful when trying to navigate Accidental American Kids complianceThanks to Laurie Chandler for offering advice and his patience in steering me in the right direction. FionaGreat company, provided exactly what I neededVery happy that I stumbled on to Edale. They provided exactly what I was looking for, which was a relief given I had struggled to find any expertise in UK/US tax from various searching and somewhat inconsistent information by googling. As a UK citizen/resident I was needing help to understand the tax situation regarding 401Ks and IRAs that I had left in the US from time working there, and how the tax treaty would apply. Lawrie spent the time needed as one-off advice, explaining the situation and provided a letter to me, for use with the HMRC if ever required. The process was painless, cost effective, extremely quick and on point. Thanks Lawrie and the Edale teamDouglasGenuine Concern EasedI had a call with Lawrie to discuss my retirement funding and challenges being a dual UK US citizen. His insight was keen, knowledgeable and helpful. We decided it was a bit early for me so I’ll be calling him closer to my retirement date in 2027. I felt no pressure and he was genuine in his advice. GreggExcellent Service Highly RecommendLawrie was absolutely fantastic with helping me manage my SAYE transfer with very little hassle or worry. There are a lot of companies out there who only focus on high net worth individuals or charge an arm and a leg to help regular people, but Edale is not one of them. This company is committed to helping regular folk build wealth at a reasonable price and I’m thankful for that. PreciousWould recommend. The free chat was very useful to pinpoint exact needs. In my case I was pointed to a non affiliated accountant who could best serve my specialist needs. No hard sell for their other services. Would recommend. StuartIncredibly valuable free consultation, evaluated our options, suggested new ideas. My wife and I had a free consultation with Lawrie from Edale this morning. We have a difficult decision to make of how to use the substantial inheritance money that needed both US and UK expertise. We are deciding between buying to let properties in the USA and repaying our mortgage and investing in the UK. Lawrie gave us a comprehensive analysis of the pros and cons of both strategies. He also brought our awareness to maximising our pension capabilities and offsetting our UK mortgage while we are waiting for the rest of the funds from the USA to become available. Everything he explained was in simple language and very clear. The consultation has given us a huge amount of pure value without trying to sell us any products. We are very grateful, thank you so much. AlexanderKnowledgable and helpful, addressed my particular circumstances very wellLawrie addressed my retirement aspirations, tax questions, and financial position with the specific cross-jurisdiction knowledge I’d been seeking. I now feel more confident about my financial health and look forward to seeing the options Edale has to help me get investments in order. KathrynPrompt and helpfulEDALE was very prompt in contacting me and quickly arranged a first appointment. I was on a short deadline and they helped me achieve my objective in time. Lawrie was very helpful and conscientious and delivered exactly what he promised. JudeIncredibly helpful and informative. My wife and I had the pleasure of speaking with Lawrie at Edale about the complexities of moving our finances from the US to the UK. We were made to feel like no question was too big or too small, and Lawrie took the time to respond to each of these individually with great insight and guidance. We’d like to thank Edale and Lawrie for their helpful, informative and friendly service. RoryVery helpful, personalised advice based on my specific situation. highly recommended! ! so helpful & provided quick, personalised advice very smoothly through WhatsApp. very highly recommended! KateSuper helpful guidance from Lawrie which helped to make sense of a multitude of potential US/UK issues. Great signposting and he clearly is well versed in his field. Lawrie provided a helpful insight into the common pitfalls to consider and avoid when it comes to US/UK inheritance planning. He succinctly gave us an overview of the dual regimes and provided a road map for us to work our way through. MaryQuick and effectiveI highly recommend Lawrie at Edale for quick and effective investment support. When I wanted to set up a Junior ISA for my daughter, who holds dual US and UK citizenship, Lawrie provided clear guidance on the available options. He handled the entire process with impressive efficiency, setting up the account in no time. His expertise made the experience seamless and stress-free. Willdual US/UK nationality familyLawrie invested a great deal of time understanding our circumstances (dual US/UK nationality family) before any recommendations were discussed I am very happy with the outcome and intend to continue the relationship in the longer term. GavinQuestions relating to access to my 401K pensionI had some questions relating to access to my 401K pension . Lawrie was extremely helpful and patient in explaining the tax implications of several scenarios. Excellent service! ImogenVery thorough and pertinent advice from Lawrie. He has ample patience for someone my age and didn’t make me feel rushed or under pressure. I have complex tax and investment needs covering both the US and UK. My goal is to retire in the UK after many years of working in the US. This is a daunting move with tax consequences if done... --- > Whether you've moved to the USA to work (then left) or are an American expat getting advice on your US pension can make a real difference at retirement. - Published: 2024-09-24 - Modified: 2025-03-18 - URL: https://edale.co/us-pension-401k-when-living-in-the-uk/ - Categories: Expat financial advice, us uk financial advisor - Tags: Americans in the UK, financial advice for American expats A 401(k) plan is an employer-sponsored, defined-contribution personal pension (savings) account. In the UK, most people are on “defined contribution” pensions, which are similar to the 401 (k) in the USA. A Roth IRA is an individual retirement account (IRA) in which you pay taxes on money going into the account, and then all future withdrawals of earnings are free from tax and penalty. 7 March 2025 Change of Processes On 7th March 2025: HMRC amended their lump sum taxation guidance. This has impacts on information within this page. Contact us for the latest advice. Understanding 401(k) Plans: Key Insights for US and UK Expats A 401(k) is America's most commonly used defined contribution retirement plan. A defined contribution plan allows employees to save for their retirement through tax-deferred contributions. That means that an employee can transfer a fixed portion of their salary (before taxes) into the 401(k) plan while the employer is also contributing, so it’s usually a win-win situation. The real key to this type of retirement plan lies in its flexibility and in the control it provides to individual employees, who can make personal decisions to suit their retirement goals. What Defines a 401(k) as a Defined Contribution Plan? In a defined contribution, like the 401(k), workers contribute to a retirement account, often supported with additional contributions from the employer. Payments to retirees under a defined contribution plan are not guaranteed: Your eventual benefit is contingent on investment performance, with accumulation of the plan based on contributions, investment product selected, and market conditions. So ensuring you are invested in the right areas that link to your financial situation and circumstances are critical as they influence the pot you have for retirement. 401(k) vs. UK Defined Contribution Plans In the UK, we have the equivalent of the defined contribution plan, where employees and employers put money into a retirement fund. There are some nuances in the US and the UK. In the US, 401(k) plans are the mainstay of employer-sponsored retirement savings, enabling employees to choose from an extensive menu of investments. In the UK, while defined contribution plans such as SIPPs (Self-Invested Personal Pensions) and QROPS (Qualifying Recognised Overseas Pension Schemes) also offer flexibility in terms of generating robust returns and a huge choice of investment vehicles, similar to IRAs in the US. US Pensions Contribution Limits and Flexibility Workers can put a maximum amount into their 401(k) plans, plus a catch-up style contribution that older people can make. There is also an additional employer contribution, which can help increase the total amount of money that can go into one’s plan . 401(k) plans become the most critical retirement savings accounts from a dollar standpoint. Category20242023202220212020DB 415(b)(1)(A)275000265000245000230000230000DC 415(c)(1)(A)6900066000610005800057000Maximum Deferral 401(k) & 402(g)(1)2300022500205001950019500Over 50 Catch-up Contribution75007500650065006500403(b)2300022500205001950019500SIMPLE1600015500140001350013500SIMPLE Over 50 Catch-up Contribution35003500300030003000457 1(B)2300022500205001950019500Highly Compensated Definition Limits Under IRC 414(q)155000150000135000130000130000Annual Comp Limit 401(a)(17), 404(l), 408(k)(3)(C)N/AN/AN/AN/AN/ATaxable Wage Base345000330000305000290000285000Excess Distribution Threshold 401(a)(17)168600160200147000142800137700Excess Distribution Threshold 401(a)(17), 404(l), 408(k)(3)(C)N/AN/AN/AN/AN/A401(K) Plan Limits And Thresholds UK Pensions Contribution Limits and Flexibility By contrast, the table for the UK pension contribution limits is below. It includes details such as the annual allowance, lifetime allowance, personal contribution limit, tapered annual allowance, and the Money Purchase Annual Allowance (MPAA). Category20242023202220212020Annual Allowance£60,000£40,000£40,000£40,000£40,000Lifetime AllowanceN/AN/A£1,073,100£1,073,100£1,073,100Personal Contribution Limit100% of earnings100% of earnings100% of earnings100% of earnings100% of earningsTapered Annual Allowance£10,000 - £60,000£4,000 - £40,000£4,000 - £40,000£4,000-£40,000£4,000 - £40,000Money Purchase Annual Allowance (MPAA)£10,0004,000£4,000£4,000£4,000UK Pension Contribution Limits Rollover Options: Flexibility and Considerations When changing jobs or leaving employment, 401(k) holders can roll over their funds into an IRA (Individual Retirement Account) or another 401(k) plan, continuing their tax-deferred growth and, in many cases, also broadening their investment options. British expats returning to the UK have some unique challenges. Rules prohibit a direct transfer of their 401(k) funds into a UK pension scheme. Nevertheless, it is still possible for them to manage their funds effectively, using a combination of IRAs and SIPPs, in ways that maximise tax benefits and broaden investment opportunities. Managing 401(k) Plans as a British Expat A British citizen working in the US and funding a 401(k) might incur some costs, time and onerous tax considerations when deciding what to do with her retirement money upon a return to the UK. Various questions to consider include: Rollover rights: Before moving back to the UK, expats can roll over their 401(k) into an IRA to take advantage of the tax-deferred status (and avoid penalties that would be incurred with an early withdrawal) and get more flexibility to take out money in the event of an emergency medical issue, for college tuition, or to purchase your first home. Cashing Out: If you receive a distribution before you are 59½ years old, you’ll be hit hard with a 10 per cent penalty, plus income tax on every penny you get your hands on. If possible, another option is to wait to remove money from the pot until after you’ve moved overseas and are no longer earning US income. Get professional help: thanks to the complicated interactions of the US and UK tax regimes, maximising the usage of your retirement funds while minimising tax payments requires expert advice. Consulting a financial broker with experience in cross-border taxation can help. International Considerations: Moving Your 401(k) Abroad You cannot transfers a US pension to another jurisdiction. Current law precludes direct IRS-approved transfers of 401(k) plans to foreign pension plans because foreign pension arrangements do not satisfy the US Internal Revenue Code qualification requirements for tax-qualified retirement plans. A 401(k) cannot be rolled or transferred into any type of non-US plan, including UK pensions, Australian superannuation or Canadian RRSPs. One possibility is to roll your 401(k) into a US-based IRA (Individual Retirement Account). IRAs have more flexibility and wider investment choices. Once rolled over to an IRA, the money is yours – you can manage it or take withdrawals according to the rules of the country in which you now live. If you withdraw funds from the IRA, you can transfer them to an account abroad, but you’ll still have to pay tax on them under US rules and, in many cases, under local rules too. U. S. Taxes: Money withdrawn from the 401(k) is taxable in the U. S. and will incur an extra 10 per cent penalty if you take it out early (before age 59½). Foreign Taxes: the amount distributed overseas may be subject to taxation in the receiving country, a U. S. tax treaty with the country of residence may prevent double taxation. Cross-border pension advice is complex and burdensome with tax. If you want to transfer your pension to another country or request withdrawal for your U. S. pension, you may need to consult with a financial planner or tax professional who is familiar with international and U. S. tax laws to formulate a strategy to minimise your tax burden or to make your financial goal achievable. What to do with your 401k after leaving the USA? An expat with pension assets in the US and UK needs a suitable adviser who is qualified in both the UK and the US. Distributions from a 401(k) plan can’t be rolled over into a UK pension. Getting an adviser to help with US and UK pensions is possible. Some overseas groups do it from offices abroad and use local financial licenses from parent companies. Ideally you want to optimise the retirement savings with an adviser that is resident in the UK or US. With pensions in multiple jurisdictions try to balance financial decisions with support from an adviser. Once again, consulting a financial adviser well-versed in the intricacies of each pension scheme to develop a plan tailored to your needs is encouraged. Great service and advice. Lawrie was really helpful. Very easy to talk to. Possessed a depth of knowledge. Made sure he answered all my questions. I highly recommend Edale and Lawrie in particular. ClaireExcellent Service Highly RecommendLawrie was absolutely fantastic with helping me manage my SAYE transfer with very little hassle or worry. There are a lot of companies out there who only focus on high net worth individuals or charge an arm and a leg to help regular people, but Edale is not one of them. This company is committed to helping regular folk build wealth at a reasonable price and I’m thankful for that. PreciousSuper speedy and extremely helpful response! I had a pressing query about US/UK banking and received a speedy (same evening! ) extremely helpful response. Thank you so much! FrevisseIncredibly helpful and informative. My wife and I had the pleasure of speaking with Lawrie at Edale about the complexities of moving our finances from the US to the UK. We were made to feel like no question was too big or too small, and Lawrie took the time to respond to each of these individually with great insight and guidance. We’d like to thank Edale and Lawrie for their helpful, informative and friendly service. Rorydual US/UK nationality familyLawrie invested a great deal of time understanding our circumstances (dual US/UK nationality family) before any recommendations were discussed I am very happy with the outcome and intend to continue the relationship in the longer term. GavinFantastic Service – Thanks so muchSignposting advice on main considerations as an US expat in the UK. JoshI had a long conversation with Lawrie Chandler to explore the financial implications of moving my tax residency from the US to the UK. I found his knowledge of the pros and cons very helpful. Some specialists in international relocation and tax affairs who will give only a short interview and are sparing in their advice until you sign up and pay their fees. From my experience, Edale let’s you explore the many what-ifs in a friendly exchange of views and options. My instinct tells me that the company focuses on long-term relationships built on trust and mutually beneficial results. MarkI would highly recommend using Edale. Lawrie has been most helpful with a variety of US retirement questions. He has provided good information and succinct advice. SarahEdale were very helpful giving advice about how to handle taxes for US/UK dial citizens living in the UKI chatted with Edale to find answers to a number of questions I had about how to manage taxes when a dual US/UK citizen living in the UK. They were very familiar with the complexities of this situation and how to handle both the IRS and HMRC tax returns and additionally had advice on retirement. I highly recommend Edale. DavidVery thorough and pertinent advice from Lawrie. He has ample patience for someone my age and didn’t make me feel rushed or under pressure. I have complex tax and investment needs covering both the US and UK. My goal is to retire in the UK after many years of working in the US. This is a daunting move with tax consequences if done without advice. I was given advice for my personal situation and investment goals, and so far am very impressed with the advice I have received from edale. I look forward to working with edale in the future. VivienGenuine Concern EasedI had a call with Lawrie to discuss my retirement funding and challenges being a dual UK US citizen. His insight was keen, knowledgeable and helpful. We decided it was a bit early for me so I’ll be calling him closer to my retirement date in 2027. I felt no pressure and he was genuine in his advice. GreggWe’ll be backI had an excellent experience with Lawrie, who demonstrated a deep understanding of the complexities involved with our dual UK/US citizenship. In just a brief meeting, he provided specific advice and tailored recommendations that addressed our unique financial situation. His expertise and clear communication were incredibly helpful. Highly recommended! DominicVery helpful, personalised advice based on my specific situation. highly recommended! ! so helpful & provided quick, personalised advice very smoothly through WhatsApp. very highly recommended! KateMost helpful when trying to navigate Accidental American Kids complianceThanks to Laurie Chandler for offering advice and his patience in steering me in the right direction. FionaAmazingly helpfulLawrie was so helpful and patient, going through form with me to make sure I understood what I needed to fill in for a complicated matter. KatieVery generous time and interest. Advice that I hadn’t found anywhere else. Thanks! Lawrie was very generous with his time and interest and gave me excellent advice that I hadn’t found anywhere else. Thanks! JimmieVery Helpful Initial ConsultationI just had an initial consultation and Lawrie was very helpful. He answered all the questions I had, and followed up with an email containing helpful links and advice. I’m looking forward to continuing with this service. SarahVery quick to respond & helpfulI pretty much had my questions answered within 3 emails. Great service. ThomasBringing clarity to UK/US retirement questionsI had an incredibly positive experience working with Edale to navigate the complex world of UK/US cross-border financial planning, especially as it relates to investing for retirement. As a dual UK/US citizen married to a fellow dual citizen, and having lived in the UK since 2010, I was overwhelmed with how to most tax-efficiently invest for retirement given our mix of accounts in both the US (IRAs and Roth IRAs) and the UK (SIPP, employer pension, and USS). Thankfully, Edale provided clarity and guidance on every front. JesseFantastically knowledgeable helpAsked for a Zoom interview as I was confused about the likely tax rates and how to proceed on my little US retirement savings from a two-year employment some years ago, being a permanent UK resident and finally old enough to take them out. Laurie clearly knew the exact situation, helped me to understand the jargon, could answer all my questions easily, and showed me clearly how to proceed so as to end up paying a much smaller tax rate than the scary 30% that I’d seen banded about on websites. No attempt to sell me anything I didn’t need, and a complete understanding that my income and savings are small and not ‘big gun’ investments. Very very helpful – thank you so much! ClareVery knowledgeable, great experience with EdaleI had a chat with Lawrie today. Very lovely to chat to and clearly knows his stuff. He gave me some good advice and I really appreciated it. Would definitely recommend him and Edale in the future. AdamEverything I needed! I found Edale online as I had discovered how difficult it was to find a financial advisor able to advise me because of my USA citizenship. Lawrie was just the ticket – a straight talking, forward thinking Financial Advisor with a depth of understanding around the tax implications of various investment vehicles as it related to expat Americans. His solutions were inventive and right away I made a huge financial win that would have otherwise passed me by! I highly recommend! KellyReally helpful 121 consultationReally appreciated the 121 consultation with Lawrie who provided helpful information and considerations as a US Citizen residing in the UK. Lawrie patiently answered our specific questions as a young... --- > Get notified when content is added to our blog linked to your topic of interest. - Published: 2024-09-13 - Modified: 2024-09-13 - URL: https://edale.co/blog-subscription/ Email: Categories: 401k IRA AIM for Gold Brite Advisors Casestudy Clean Growth UK Consulting Expat financial advice factsheet FIG Regime Funds Giveback homebound Invest East Investments ISAs for Americans LHV Persian Gulf Fund News offshore insurance savings pandemic Remittance Tax Salam Pax SICAV Subsidy Control us uk financial advisor Vision Subscribe --- > Advice for US retirement accounts like 401(k) and IRA when live in the UK or no-longer resident in America. No minimums and free 1:1 appointment. - Published: 2024-09-13 - Modified: 2025-03-18 - URL: https://edale.co/us-pension-assets-advised-by-uk-financial-adviser/ Pensions built up over a working life could mean there are UK and US pots to consider. If living in the UK with US pensions, then complexities make getting advice a normal course of action, but it's not something that all advisers have knowledge of or can advise. 7 March 2025 Change of Processes On 7th March 2025: HMRC amended their lump sum taxation guidance. This has impacts on information within this page. Contact us for the latest advice. Many people hold US retirement account's from past employment in the US or through inheritance Hundreds of thousands of people, including many in the UK, have US retirement assets, perhaps due to prior employment with a US employer or inherited accounts. Navigating these vexing planning issues often requires thoughtful planning both in the US and in the UK. Do you own US Retirement Accounts like a 401(k) and IRA? Unsure what to do with them? We get a significant number of people who are non-US citizens or non-US residents with a 401(k) or IRA, whether from their time working for a US-based employer or perhaps from an inheritance from a family member or relative living in America. What should you do with those funds when considering both the US and UK tax regimes? Worked in the USA? You'll have a Retirement Account like a 401k or IRA As the world becomes more interconnected, more people find themselves contributing to pension assets in one country while living in another. For people who worked in the US and have since moved to the UK, it can be intimidating to try to manage these financial assets or you cannot get anyone to speak to you as a non-resident. Managing these retirement accounts raises challenges as people inside the US regard you as offshore. If you have worked in the USA, you may not be aware that you have a workplace pension. We can assist in tracking and taking control of your USA pension. Can you have a 401K in the UK? There is a UK equivalent. In UK terms, the equivalent of a 401k is the UK workplace pension or the SIPP (self-invested personal pension). Can I keep my 401K in the US if I move abroad? Moving permanently abroad: In general, a 401(k) or IRA can be maintained and controlled from any country in the world. But it could be more restrictive or costly depending on the account type, destination and local retirement account regulations. Can I move my 401K offshore? This is near impossible, but the taxation and options for where to move to are complex. It is wise to consider an RIA or just leave it where it is. Where the distribution is neither a lump sum nor regular payments, professional advice would always be needed. I've moved from the USA permanently. What to do with my 401k? Nearly always, we recommend just leaving it there until retirement age, rolling it up tax-free. Can a non-US citizen inherit a 401K? Yes, a non-U. S. citizen can inherit a 401(k), but they must meet tax requirements. A non-U. S. citizen inheriting a 401(k) must obtain a U. S. Individual Taxpayer Identification Number (ITIN) using Form W-7 to meet IRS tax reporting requirements. There may be complications as a Non-resident Alien, or NRA, as some product providers do not allow people living outside America to have a 401k with them. What is the UK equivalent of a 401K? In simple terms, in the UK, the workplace pension or personal pension is the equivalent of a 401k. Is a Traditional IRA or ROTH IRA taxable in the UK? Benefits paid from a Roth Individual Retirement Account to a UK resident are not taxable in the United States or in the United Kingdom. Traditional IRAs are treated differently: Withdrawals pay income tax, and any interest earned inside the IRA is taxable in the UK under foreign interest. The gross interest would be declared in the self-assessment tax return using the supplementary page SA106. Can I transfer my 401K to my UK pension? You cannot transfer a 401k outside the USA as the IRS does not recognise other overseas pension schemes. You will need to leave your scheme in the USA but can have someone advise it. Edale supports consolidations and rollovers to advise US-based pensions from its UK offices. What happens if I withdraw my 401(k) early while living in the UK? You can take out 401(k) funds up to the age of 59. 5, but the IRS has an early withdrawal penalty of 10%, on top of regular income tax, when you make the distribution. Non US residents are usually charged a 30% withholding tax. A cash lump sum distribution from a US 401(k) is not taxed by HMRC (if reported correctly) if you live in the UK, but it could be income under UK law if you make a partial distribution. How do pension distributions affect my UK and US tax brackets? Distributions from either a US 401(k) or a UK pension are taxable income and can increase your overall taxable income, which could push you into a higher tax band: In the US: Withdrawals from your 401(k) are added to your taxable income and taxed at the marginal federal rate. Also, State taxes may apply depending on where you live in the US. In the UK: Partial distribution from a US 401(k) or UK pension are treated as income, and subject to UK income taxation. If you are liable for tax in both countries, foreign tax credits will often help reduce the amount due. You can stay in lower tax brackets in both countries if you plan ahead with the timing of withdrawals and distribution amounts. Financial advice for US UK citizens can help. I worked and left the USA can I get my 401k early? Yes, after leaving the US you can take your 401(k) money earlier but there are significant consequences (typically we advise to leave them invested until retirement): US Tax Implications: 10% IRS penalty for early withdrawals (before 59. 5) unless you have certain exemptions like financial hardship or medical costs. The IRS taxes the distribution as ordinary income. UK Tax Implications: If you are a UK resident and the lump sum distribution isn’t usually taxed by HMRC, but partial distributions might be. Usually, you will get a foreign tax credit for the US taxes you paid. Practical Considerations: Some 401(k) plans may ask you to withdraw it to another eligible account (i. e. , an IRA). Talk with a financial planner and/or a tax professional who has experience of early US pension withdrawals. What happens to 401K if I leave the USA? A non-resident with a 401(k) cannot repatriate the account. Options are transferring it to an IRA or leaving the funds where they are until 59½, when he is permitted to take penalty-free withdrawals that will be taxed. How is a US 401K taxed in the UK? If you do opt to take the lump sum distribution, Article 17 of the UK/US Double Taxation Agreement will exempt most lump sum distributions from UK tax (but not from US tax). If you choose to take distributions through regular payments, they are taxable as pension income in the UK. These taxable payments are also excluded from US tax under Article 17 of the DTA, which makes managing your tax a bit simpler. Tax-free withdrawal from US 401k in UK Dual US and UK taxpayers can use the US-UK double taxation treaty to prevent double taxation and tax-free access to 401k. Internet threads can cause confusion so use a professional for clarity of your circumstances. To save on US/UK taxes, the order of pension distributions can be advised. Consult an advisor to find out what counts as a lump sum. A guide table below is shown. Plan locationWhat is received? UK Tax (HMRC)US Tax (IRS)USLump sumNoneTaxedUSPartial distribution(s)Taxed as residentTaxed but claim foreign tax creditUK25% lump sumNoneNoneUKPartial dsitributionTaxed as residentTaxed but claim foreign tax creditUS and UK Tax treatment of 401k withdrawals/ distributions Do I owe taxes in the UK tax if I receive a lump sum payment from my US 401(k)? If you cash out your 401(k) in the US you will not be taxed in the UK, if done in reporting correctly.  The cash lump sum is going to be subject to US tax from the IRS.  That you’ll report in your US tax returns or face non-resident withholding tax at 30%. When taking a partial distribution from a US 401(k) do I pay tax on the part I take in the UK? Partial payments from a US plan are subject to UK tax as you are a UK citizen.  And they are also taxed by the IRS but you may qualify for a foreign tax credit so that you don’t pay twice. Is there US tax payable on the 25% lump sum of a UK pension? If reported correctly, the 25% lump sum from a UK pension is not subject to tax by HMRC (UK) or IRS (US).  You won’t pay any US or UK tax on that 25% if you are reporting correctly in the USA. How much money am I charged to withdraw from a UK pension in case I’m a US citizen? HMRC taxes partial distributions from a UK pension as resident income and the IRS taxes that distribution in the US but allows you to claim a foreign tax credit.  This avoids double taxation. 5.  Should I use foreign tax credits on pension distributions to limit US and UK taxes? Yes.  You will be taxed twice. Use foreign tax credits to not be double-taxed.  Whether you are withdrawing lump sums or part of your distributions from a US or UK plan, check with a professional as they need to be reported correctly. Can I avoid all taxes when withdrawing from my US 401(k) if I live abroad? Not entirely.  A lump sum paid through a US plan isn’t subject to UK tax, but the IRS does tax it.  You will have double taxation and reporting for partial distributions, but foreign tax credits reduce double taxation. The UK 25% tax-free cash lump sum can be tax-free in the USA if reported correctly. Why is the 25% UK pension lump sum tax-free in the UK and the US? The first 25% of a pension lump sum is exempt from tax in the UK.  The IRS accepts this treatment in general, so no US tax is applied to that amount. Thus, it is tax-exempt in both countries as long as it is reporting correctly to the IRS. How is "taxed as resident" different from "taxed but claim foreign tax credit"? "Taxed as resident" is where the local tax department (HMRC in the UK) considers your withdrawal to be regular income in the local tax system.  Taxed but claim foreign tax credit" – the IRS might tax the same distribution in the US, but you can deduct foreign tax credits from what you’ve already paid in the UK and save yourself some money on taxes. 7 March 2025 Change of Processes On 7th March 2025: HMRC amended their lump sum taxation guidance. This has impacts on information within this page. Contact us for the latest advice. Tax Implications for UK Residents with US Retirement Accounts If you live in the UK, you will get double taxed on distributions from your US account. The US will assert taxation rights, and the UK will assert taxation rights as well. If you don’t understand the timing and coordination of these systems, you can find a big chunk of funds taken in taxes. Knowledge of the UK/US Double Taxation Agreement (DTA) really becomes important. US Pension Lump Sum Distributions: US and UK Taxation If you elect to receive a lump sum distribution from your US retirement plan, Article 17 of the UK/US Double Taxation Agreement exempts most lump sum distributions from UK tax (but not from US tax). US Pension Lump Sum Distributions: US and UK Taxation If you opt to take distributions in the form of regular payments, these are subject to UK tax as pension income. On the bright side, regular payments are exempt from US tax under Article 17 of the DTA, making it easier to manage your tax liability. What About Irregular or Partial Retirement Distributions from a US Pension when I live in the UK? Matters get more complicated where the distribution is neither a lump sum nor regular payments. professional advice would always be needed here. Rolling Over to a Roth IRA: A Smart Alternative One option to mitigate tax liabilities is to roll your US retirement funds into a Roth IRA. A Roth IRA allows your investments to grow tax-free, and subsequent withdrawals are also exempt from UK tax. While this transaction is similar to taking a lump sum distribution, the key advantage is that you maintain tax-free growth. Inherited IRAs: Unique Rules Apply An inherited IRA (that's not a Roth IRA) follows specific distribution rules. These differ depending on the relationship between the beneficiary and the original account holder. Challenge with advice on US retirement account when no longer living in the USA One of the main challenges is that these accounts are governed by US tax law and regulations, which is different from those in the UK. Another challenge is that US financial institutions are difficult to access from abroad, and often do not like to deal with non-residents because of administration rules. Edale, based in the UK, can help with financial advice on US pensions through an American adviser network. This is the same UK person who advises on UK assets covering those in the USA. Pensions in two different geographies but one point of advice from someone that knows your case. Benefits of financial advice for your US pensions A financial adviser can help workers with a history in multiple countries to manage their international pension assets. This is particularly important for those moving from the US to the UK or vice versa, as a financial adviser with experience in both US and UK financial regulations is invaluable. Financial advice that considers the complexities of the US-UK double taxation agreement, as well as ensures that the client meets all legal requirements, and provides professional advice on how to get the best out of their investments. Furthermore, if it is determined that the best option is to convert a 401k to an IRA for personal control, a financial adviser would be able to assist. The financial adviser is able to provide professional guidance on how to withdraw money in the most tax-efficient manner, legal access dates to retirement funds. Our advice is provided within the context of an agreed comprehensive financial plan that incorporates the long-term financial goals of you and your family, but adapts to encompass different circumstances that may occur during your life and career. For those previously working in the USA, the real challenge is the responsibility of... --- - Published: 2024-09-13 - Modified: 2024-09-13 - URL: https://edale.co/subscribe-to-categories/ Email: Categories: 401k IRA AIM for Gold Brite Advisors Casestudy Clean Growth UK Consulting Expat financial advice factsheet FIG Regime Funds Giveback homebound Invest East Investments ISAs for Americans LHV Persian Gulf Fund News offshore insurance savings pandemic Remittance Tax Salam Pax SICAV Subsidy Control us uk financial advisor Vision Subscribe --- - Published: 2024-09-11 - Modified: 2024-11-30 - URL: https://edale.co/us-uk-tax-dates/ Knowing key tax dates for US and UK tax filing helps you prepare for what you need to do for tax deadlines and key dates. Plan for the year ahead, with this calendar which details all the relevant US & UK tax filing & payments dates. The US tax year is 1 January to 31 December. The UK tax year is 6 April to 5 April. Below does not constitute tax advice and each taxpayer should consult with their tax advisor. HMRC Reporting Dates for the Next 18 Months Date Description IRS Key Tax Dates for the Next 18 Months Date Description // Version 1 of the key tax dates (function { // IRS key tax dates for Version 1 (MM-DD format) const keyDates1 = , , , , , , , , , , ]; const today = new Date; const currentYear = today. getFullYear; const nextYear = currentYear + 1; const dateEntries1 = ; keyDates1. forEach( => { let = dateString. split('-'); const currentYearDate = new Date(currentYear, month - 1, day); const nextYearDate = new Date(nextYear, month - 1, day); if (currentYearDate >= today) { dateEntries1. push({ date: currentYearDate, description }); } if (nextYearDate a. date - b. date); const tableBody1 = document. querySelector("#dateTable1 tbody"); dateEntries1. forEach(entry => { const row = document. createElement("tr"); const dateCell = document. createElement("td"); const descCell = document. createElement("td"); const displayDate = entry. date. toLocaleDateString('en-UK', { month: 'short', day: 'numeric' }); dateCell. textContent = displayDate; descCell. textContent = entry. description; row. appendChild(dateCell); row. appendChild(descCell); tableBody1. appendChild(row); }); }); // Version 2 of the key tax dates (function { // IRS key tax dates for Version 2 (MM-DD format) const keyDates2 = , , , , , , , , , , , , , , , , , , , , , , ]; const today = new Date; const currentYear = today. getFullYear; const nextYear = currentYear + 1; const dateEntries2 = ; keyDates2. forEach( => { let = dateString. split('-'); const currentYearDate = new Date(currentYear, month - 1, day); const nextYearDate = new Date(nextYear, month - 1, day); if (currentYearDate >= today) { dateEntries2. push({ date: currentYearDate, description }); } if (nextYearDate a. date - b. date); const tableBody2 = document. querySelector("#dateTable2 tbody"); dateEntries2. forEach(entry => { const row = document. createElement("tr"); const dateCell = document. createElement("td"); const descCell = document. createElement("td"); const displayDate = entry. date. toLocaleDateString('en-UK', { month: 'short', day: 'numeric' }); dateCell. textContent = displayDate; descCell. textContent = entry. description; row. appendChild(dateCell); row. appendChild(descCell); tableBody2. appendChild(row); }); }); --- > Read a selection of testimonials and case studies from a range of US/ UK customers, individuals and corporate clients, who have benefitted from our financial advice. - Published: 2024-09-09 - Modified: 2024-09-09 - URL: https://edale.co/financial-advice-case-studies-client-testimonials-us-uk/ At Edale, we pride ourselves on ensuring that our clients are 100% happy with our services. Below you can read a selection of testimonials from a range of expatriate customers, individuals and corporate clients who have benefitted from our honest and sound advice, which is based on years of experience in the financial services sector. A great deal of our business comes via word-of-mouth. Personal referrals are very important to us. If you don't currently have a connection, give us a call, send an email, or book a free financial appointment. We strive to help as many people as possible. Very quick to respond & helpfulI pretty much had my questions answered within 3 emails. Great service. ThomasPhoned on the off chance. Got very helpful signpostingI phoned up on the off chance and was given a very helpful overview of my situation by Lawrie. I would certainly come back for more advice should it be necessary. KathrynFantastically knowledgeable helpAsked for a Zoom interview as I was confused about the likely tax rates and how to proceed on my little US retirement savings from a two-year employment some years ago, being a permanent UK resident and finally old enough to take them out. Laurie clearly knew the exact situation, helped me to understand the jargon, could answer all my questions easily, and showed me clearly how to proceed so as to end up paying a much smaller tax rate than the scary 30% that I’d seen banded about on websites. No attempt to sell me anything I didn’t need, and a complete understanding that my income and savings are small and not ‘big gun’ investments. Very very helpful – thank you so much! ClareQuestions relating to access to my 401K pensionI had some questions relating to access to my 401K pension . Lawrie was extremely helpful and patient in explaining the tax implications of several scenarios. Excellent service! ImogenDrawing down US pensions from the perspective of a UK residentLawrie was approachable, knowledgable and pragmatic on the reality of drawing down US pensions from the perspective of a UK resident. I’d recommend Lawrie and Edale. DonaldI would highly recommend using Edale. Lawrie has been most helpful with a variety of US retirement questions. He has provided good information and succinct advice. SarahVery thorough and pertinent advice from Lawrie. He has ample patience for someone my age and didn’t make me feel rushed or under pressure. I have complex tax and investment needs covering both the US and UK. My goal is to retire in the UK after many years of working in the US. This is a daunting move with tax consequences if done without advice. I was given advice for my personal situation and investment goals, and so far am very impressed with the advice I have received from edale. I look forward to working with edale in the future. VivienGreat meeting! Lots of information and questions answered around FIG regime and PFICs. Really helpful consultation. KiranWe’ll be backI had an excellent experience with Lawrie, who demonstrated a deep understanding of the complexities involved with our dual UK/US citizenship. In just a brief meeting, he provided specific advice and tailored recommendations that addressed our unique financial situation. His expertise and clear communication were incredibly helpful. Highly recommended! DominicKnowledgeable, concise and accessible. Lawrie was extremely helpful in bringing clarity to my situation and advising the best way to handle my US investments and pension while living in the UK. I appreciate his concise approach with no sales pitches. KarenVery polite and friendly and helpful! Our situation is a little complex, and although Lawrie couldn’t help directly they recommended a couple of other companies for us to contact. Many thanks! LisaVery Helpful Initial ConsultationI just had an initial consultation and Lawrie was very helpful. He answered all the questions I had, and followed up with an email containing helpful links and advice. I’m looking forward to continuing with this service. SarahKnowledgable and helpful, addressed my particular circumstances very wellLawrie addressed my retirement aspirations, tax questions, and financial position with the specific cross-jurisdiction knowledge I’d been seeking. I now feel more confident about my financial health and look forward to seeing the options Edale has to help me get investments in order. KathrynGreat service and advice. Lawrie was really helpful. Very easy to talk to. Possessed a depth of knowledge. Made sure he answered all my questions. I highly recommend Edale and Lawrie in particular. ClaireLawrie was very helpful and provided me with some useful guidance on an investment basis. I have tax and financial affairs that are more complex than usual, due to holding multiple citizenships and Lawrie was very knowledgeable and able to answer many of my questions over a 10 minute call. I would highly recommend this company as a first port of call for financial affairs or tax planning ideation. I was able to quickly book a consultation at no cost and left the call confident in what my options were going forward. Lawrie was very patient and listened to my circumstances meaning I did not feel rushed and was reassured about my financial concerns. AlexGenuine Concern EasedI had a call with Lawrie to discuss my retirement funding and challenges being a dual UK US citizen. His insight was keen, knowledgeable and helpful. We decided it was a bit early for me so I’ll be calling him closer to my retirement date in 2027. I felt no pressure and he was genuine in his advice. GreggReally helpful 121 consultationReally appreciated the 121 consultation with Lawrie who provided helpful information and considerations as a US Citizen residing in the UK. Lawrie patiently answered our specific questions as a young couple (myself American and husband British), provided a helpful resource link afterwards, and was straightforward with next steps, without it feeling like a hard sell. Would definitely recommend to anyone and would contact Lawrie in future for future planning/ questions! KathrynAdvice on the financial reporting and tax liability for a Junior Isa for my American child. I had a zoom call with Lawrie to ask for some advice on the financial reporting and tax liability for a Junior Isa for my American child. Laurie was very knowledgeable and easy to talk to about this matter. If we needed financial advice for investments in the future we would engage with this company again. GinnieEdale were very helpful giving advice about how to handle taxes for US/UK dial citizens living in the UKI chatted with Edale to find answers to a number of questions I had about how to manage taxes when a dual US/UK citizen living in the UK. They were very familiar with the complexities of this situation and how to handle both the IRS and HMRC tax returns and additionally had advice on retirement. I highly recommend Edale. DavidInformative and friendlyI had a call with Lawrie to discuss some queries I had as a US citizen living in the UK. He was very helpful and provided me with very useful information and advice ShaneSuper helpful guidance from Lawrie which helped to make sense of a multitude of potential US/UK issues. Great signposting and he clearly is well versed in his field. Lawrie provided a helpful insight into the common pitfalls to consider and avoid when it comes to US/UK inheritance planning. He succinctly gave us an overview of the dual regimes and provided a road map for us to work our way through. MaryVery generous time and interest. Advice that I hadn’t found anywhere else. Thanks! Lawrie was very generous with his time and interest and gave me excellent advice that I hadn’t found anywhere else. Thanks! JimmieSuper speedy and extremely helpful response! I had a pressing query about US/UK banking and received a speedy (same evening! ) extremely helpful response. Thank you so much! FrevisseFantastic Service – Thanks so muchSignposting advice on main considerations as an US expat in the UK. JoshIncredibly helpful and informative. My wife and I had the pleasure of speaking with Lawrie at Edale about the complexities of moving our finances from the US to the UK. We were made to feel like no question was too big or too small, and Lawrie took the time to respond to each of these individually with great insight and guidance. We’d like to thank Edale and Lawrie for their helpful, informative and friendly service. RoryExcellent, knowledgeable, professional serviceLawrie has been excellent to work with, after searching for quite some time to find a company that does not require minimums to get started. He is responsive and thorough, and wants his clients to understand the process. They have all the services I need and I feel confident in my financial future. Would definitely recommend. AbigailIncredibly valuable free consultation, evaluated our options, suggested new ideas. My wife and I had a free consultation with Lawrie from Edale this morning. We have a difficult decision to make of how to use the substantial inheritance money that needed both US and UK expertise. We are deciding between buying to let properties in the USA and repaying our mortgage and investing in the UK. Lawrie gave us a comprehensive analysis of the pros and cons of both strategies. He also brought our awareness to maximising our pension capabilities and offsetting our UK mortgage while we are waiting for the rest of the funds from the USA to become available. Everything he explained was in simple language and very clear. The consultation has given us a huge amount of pure value without trying to sell us any products. We are very grateful, thank you so much. AlexanderVery helpful, personalised advice based on my specific situation. highly recommended! ! so helpful & provided quick, personalised advice very smoothly through WhatsApp. very highly recommended! KateWould recommend. The free chat was very useful to pinpoint exact needs. In my case I was pointed to a non affiliated accountant who could best serve my specialist needs. No hard sell for their other services. Would recommend. StuartGreat company, provided exactly what I neededVery happy that I stumbled on to Edale. They provided exactly what I was looking for, which was a relief given I had struggled to find any expertise in UK/US tax from various searching and somewhat inconsistent information by googling. As a UK citizen/resident I was needing help to understand the tax situation regarding 401Ks and IRAs that I had left in the US from time working there, and how the tax treaty would apply. Lawrie spent the time needed as one-off advice, explaining the situation and provided a letter to me, for use with the HMRC if ever required. The process was painless, cost effective, extremely quick and on point. Thanks Lawrie and the Edale teamDouglasMost helpful when trying to navigate Accidental American Kids complianceThanks to Laurie Chandler for offering advice and his patience in steering me in the right direction. FionaPrompt and helpfulEDALE was very prompt in contacting me and quickly arranged a first appointment. I was on a short deadline and they helped me achieve my objective in time. Lawrie was very helpful and conscientious and delivered exactly what he promised. JudeBringing clarity to UK/US retirement questionsI had an incredibly positive experience working with Edale to navigate the complex world of UK/US cross-border financial planning, especially as it relates to investing for retirement. As a dual UK/US citizen married to a fellow dual citizen, and having lived in the UK since 2010, I was overwhelmed with how to most tax-efficiently invest for retirement given our mix of accounts in both the US (IRAs and Roth IRAs) and the UK (SIPP, employer pension, and USS). Thankfully, Edale provided clarity and guidance on every front. JesseExcellent Service Highly RecommendLawrie was absolutely fantastic with helping me manage my SAYE transfer with very little hassle or worry. There are a lot of companies out there who only focus on high net worth individuals or charge an arm and a leg to help regular people, but Edale is not one of them. This company is committed to helping regular folk build wealth at a reasonable price and I’m thankful for that. PreciousQuick and effectiveI highly recommend Lawrie at Edale for quick and effective investment support. When I wanted to set up a Junior ISA for my daughter, who holds dual US and UK citizenship, Lawrie provided clear guidance on the available options. He handled the entire process with impressive efficiency, setting up the account in no time. His expertise made the experience seamless and stress-free. WillVery knowledgeable, great experience with EdaleI had a chat with Lawrie today. Very lovely to chat to and clearly knows his stuff. He gave me some good advice and I really appreciated it. Would definitely recommend him and Edale in the future. AdamAmazingly helpfulLawrie was so helpful and patient, going through form with me to make sure I understood what I needed to fill in for a complicated matter. Katie100% Recommend Edale! Lawrie and Edale have been incredibly thorough and supportive throughout the journey – from the moment I’ve consulted about my unique circumstances with regards to investment options (being a dual US citizen living in the UK) to onboarding me as a client to invest through them. I am so happy and relieved hat I’ve finally found a solution to a problem I’ve had for years, and so grateful for Lawrie being so thorough with the whole process – all the information was made easy to digest and understand, and I could (and still can) reach out to Lawrie whenever I had/have questions, and he was readily available and prompt with his responses. I love that Edale accommodates to clients of various sizes, and that I can invest at the pace and amount I feel comfortable in. Thank you so much! NinaEverything I needed! I found Edale online as I had discovered how difficult it was to find a financial advisor able to advise me because of my USA citizenship. Lawrie was just the ticket – a straight talking, forward thinking Financial Advisor with a depth of understanding around the tax implications of various investment vehicles as it related to expat Americans. His solutions were inventive and right away I made a huge financial win that would have otherwise passed me by! I highly recommend! KellyMost helpful Knowledge and guidance offered through generosity and sincerity. Deeply appreciated blue ribbon customer service. I’m currently going through a divorce and was in desperate need of financial help and guidance. I’m a US American living in the UK. I was searching for someone who knows, and could give financial advice for both sides of the pond; so to speak. I also was wanting a small and personal, yet local group in Surrey. Laurie offered his time, pro bono, to help walk me through and do all the necessary math to get the information I was needing. He did this knowing I had no money to invest (or even give advice on) at that time. This is... --- > Transferring employer shares from SAYE or SIP to a Stocks and Shares ISA. investment flexibility and supporting employees including US / UK citizens. - Published: 2024-09-06 - Modified: 2025-01-07 - URL: https://edale.co/share-save-schemes-saye-sip-transfer-to-stocks-and-shares-isa/ - Categories: ISAs for Americans, us uk financial advisor - Tags: UK savings accounts for US citizens Contributing shares purchased in your employer to an ISA to save tax and use up ISA allowance With many employers now offering generous employee benefits packages, providing their employees with better ways to grow their long-term wealth might sound like a good idea. UK employee share-ownership schemes, such as a Share Save Scheme (also known as Save As You Earn, or SAYE) or Share Incentive Plan (SIP), are increasingly being used for that purpose. Employees who participate in a share scheme typically face a critical moment when their scheme matures: transferring the shares into a Stocks and Shares Individual Savings Account (ISA) can provide tax advantages and greater investment choices. Companies’ HR departments can enhance their contribution to the process and deliver greater employee satisfaction – and indeed, better scheme value – by helping their employees to transfer these shares to a Stocks and Shares ISA. The transfer process is governed by precise rules, many of which will not be immediately obvious; for example, for US citizens working in the UK, additional rules apply. Employees can take control themselves to transfer SAYE/ SIP to an ISA using financial advice. Reasons to Transfer Employer Shares into a Stocks and Shares ISA Makes Sense A Share Save Scheme, known commonly in the UK as a SAYE or SIP, can allow you as an employee to buy shares in your company at a discount, or to receive shares in a tax-efficient way. You can then sell your shares on at a profit, paying capital gains tax – a tax on the amount by which something’s selling price exceeds its purchase price. After your scheme has run its course, transferring its shares into a Stocks and Shares ISA can give you the following: CGT-Free Growth: A Stocks and Shares ISA means CGT on capital growth on investments are not taxed. No Dividend Tax: Dividends paid on shares within an ISA are not subject to Income Tax – one of the ways in which employees can retain more of their returns. More Investment Options: Aside from company shares, it gives you the option of other stocks, bonds and funds, further diversifying your portfolio. Use of ISA Allowance: Shareholder employees can move shares into an ISA so as to benefit from the annual tax-free allowance (£20,000 for the tax year 2024/25), without being obliged to sell and repurchase the shares and thereby crystallise a potentially liable CGT event. Steps HR Can Take to Facilitate Transfers Moving from a Share Save Scheme or SIP to a Stocks and Shares ISA allows employees to reinvest tax-efficiently and will be a great benefit for them and their employers, particularly if the HR department can assist their employees with suitable financial service providers and if the relevant information, deadlines and documentation requirements for the investing employees is made clear. However, for US expats in the UK, this transfer is fraught with complications brought on by legislation enforced by the IRS and the possibility that they will be taxed twice. Ensuring access to suitable financial advice experts, and communication on the nuances would really help US employees make informed decisions about their investments. HR departments play a crucial role in explaining and supporting employees in having their shares transferred to an ISA: Steps of the process: Employee education: set up information sessions or distribute materials explaining why share transfer to an ISA is beneficial and how to do it, including the tax issues and the rules about SAYE and SIP schemes. Make Deadlines Clear: Employees have 90 days after the date of exercise (of repayments for SAYE) or release (of the awards for SIP) to transfer the shares into an ISA to take advantage of the tax benefits. HR needs to make sure employees are aware of this essential deadline. Co-ordinate with Scheme Providers and Brokers: Multiple parties are involved, including the scheme provider and their local brokers. HR can provide further information as needed on how employees request the necessary documents, for instance, a Letter of Appropriation (LOA). What Happens When Your Scheme Matures? Employees in schemes of this type – such as SAYE or SIP schemes – will be contacted by the scheme administrator when the scheme matures, and have a choice: SAYE: Workers may retain shares even at that option price and are otherwise given the option to accept cash. It’s important to compare the option price to the current market price to determine the best course of action. SIP: Shares are given to employees at the end of the holding period (usually 3 to 5 years) without any taxes levied unless they decide to sell the shares before it ends. In either case, the employee has 90 days in which to transfer the shares into an ISA and enjoy the attendant tax advantages. How to Transfer SAYE Shares into an ISA There are a few ISA providers that can facilitate shares transfers from SAYE or other SIP schemes to an ISA. The procedural steps are usually as follows: Request a Letter of Appropriation (LOA): Sent by the scheme administrator, it confirms the details of the shares to be transferred. It should include: Employee’s name and address (matching their ISA account) Confirmation that the shares are from an HMRC-approved SAYE or SIP Stock name and number of shares Release date of the shares If an LOA cannot be provided, then an account statement or some other document setting out the same information might suffice. Transfer Online: the employee’s ISA provider/broker will commence the transfer after the employee has signed a letter of authority using the information contained from section 1 and authoritsing the ISA provider to complete appropriate steps. Track the ISA Allowance: Allocated shares can count towards the employee’s annual ISA allowance. If the share value is more than the remaining ISA allowance, share allocations in excess of the allowance will have to be transferred into a general trading account. Special Considerations for US Citizens in the UK If you are a UK taxpayer, it makes good sense to shift shares into a Stocks and Shares ISA. In addition, a US citizen would also be liable to the IRS, so there are a number of extra issues that need to be considered. HR departments certainly need to be aware of these issues to provide good advice to US-citizen employees working in the UK. US Tax Implications: ISAs are tax-free in the UK. Unfortunately, this isn’t the case for the IRS. Dividends and capital gains received from the shares held in an ISA are likely to be taxable for US citizens. FATCA Compliance: US citizens are required to abide by the reporting requirements of the Foreign Account Tax Compliance Act (FATCA). These reporting requirements are so onerous that most ISA providers do not accept US citizens. Edale provides financial advice to US/UK citizens and can assist employers if they want to cater to US employees in the UK. Passive Foreign Investment Company (PFIC) Rules Some investments held within ISAs may be treated by the IRS as PFICs, which means they are given punitive, complicated tax treatment. US citizens are advised to speak to a tax adviser before making any transfers. Double Taxation Risk: There is a tax treaty between the US and the UK that avoids double taxation, be wary as it does not eliminate the risk of double taxation. US citizens must carefully assess how their investments will be taxed in both countries. --- > Advice on splitting and managing finances through divorce and for life after separation. Confidential pension, wealth and money advice. - Published: 2024-09-05 - Modified: 2025-03-17 - URL: https://edale.co/financial-advice-in-divorce-or-separation/ Making financial decisions with divorce settlement or during separation proceedings Initial Consultation Free Get started with cost and no obligation. Independent Advice Receive unbiased, expert advice. No Minimums No minimums to access our services. We offer high-quality financial planning to individuals and their families. We can advise people going through separation and family breakdown. Edale is a financial adviser firm that can help you overcome difficulties, hardships, and technical challenges during the divorce process and after divorce for your future. As a firm with a social purpose, we help everyone from the chief executive of a plc to a shopkeeper, by offering a free no obligation advice; booked in a few clicks. We ensure financial advice and options are available to everyone, irrespective of their situation or complications. Our specialist advisers provide advice on pensions and financial issues on divorce. From complex asset valuation to pension and tax planning opportunities in divorce-related work. When you instruct us to work, we can charge on the time we spend on your affairs or can provide advised solutions with a focus on ongoing advice. We are flexible to support you at any stage of divorce or separation. Specialists in divorce proceedings There are three main parties that you may involve in your divorce related to finances. This is to provide you a guide to what each of them do for you and their role. A divorce solicitor will support you through the whole divorce process covering the legal side and negotiate the best settlement for you. The Law Society describes their role to "make it as simple and stress-free as possible by listening to you and discussing your options with you. Telling you where you stand and what your rights are. Helping you understand your ex-partner's rights. Giving you trusted advice about your family, home and financial security" Family Finance Barrister offer advice and representation on the complete range of financial remedies arising from relationship breakdown. The General Council of the Bar, commonly known as the Bar Council, is the representative body for barristers in England and Wales. An independent financial advisor supports and guides you in dealing with all financial planning issues that can arise in divorce proceedings and afterwards assist with the post-divorce financial planning and management of assets. A key role is explaining finances to make you feel financially confident and secure for your future. Dividing your financial assets can be complex. A supportive professional can be an objective financial eye (whether a difficult time, acrimonious or not). Lawrie Chandler, Financial Adviser Read out customer ratings. Free IFA Appointment as divorcing Financial planning and advice before, during and after divorce Book Appointment Dividing up money and belongings when you separate Get basic, practical, focused advice as needed to make financial decisions and plan investments like pensions and income for life after divorce/ separation. The pain, heartbreak and distress involved in a divorce can make dealing with financial and asset split feel overwhelming, but it's a procedural part of divorce proceedings and essential to get correct for financial security and comfort in later life. Clients helped 50+ Minimum wealth £0+ Can help with Pensions, ISAs, asset valuations, company valuations, etc Meet the team L Disclose all matrimonial assets on Form E Both parties will be required to disclose all their matrimonial assets. This will occur at some stage during divorce proceedings and usually complete on Form E Financial Statement. The Form E is part of the evidence to decide how to split your financial assets with your former partner. These can often include complex investments such as unit trusts, share portfolios, share options, life insurance policies, stock options, etc. Values of these instruments can be significantly depressed and incorrectly valued, which can go undetected. Pensions and divorce After family homes, pensions are one of the largest financial assets of individuals. Solicitors are mandated to include pension plans in the matrimonial assets. The rules require during divorce proceedings that: Any pension arrangements are identified and included in the divorce settlement Obtain a suitable valuation of the pension assets Either offset, share or attach the pension assets as most suitable for their client Implement any pension orders Pensions are considered in three ways in a divorce settlement: Off-settingThe whole pension is taken, typically by the husband, and the wife is given other assets, such as property or cash of equal value. Pension sharingA pension fund is split between the spouses. One party is allocated a proportion of their ex-spouse’s pension savings. Those pension savings can be transferred to another scheme, or they may be given the option to have their own scheme with the existing provider. Frequently, for a clean break, it's optimal to transfer to another scheme with Financial Advice assistance. EarmarkingA portion of a pension fund is attributed or ‘earmarked’ for the ex-spouse for future use. This can only be accessed when the ex-spouse, who owns the fund, crystallises their benefits. Dealing with a pension order can be a daunting task. One of the critical parts of many of our services is that you do not need to consider your pension affairs, as we take away stress and angst for you, handling your pension affairs with compassion and the utmost integrity. A Pension Sharing Order is made by the Courts, which, with accompanying documents, details how much pension you have, but do you have the knowledge to ensure your pension share is being invested with the correct pension company and reflecting your new financial reality? We can research for you to ensure your pension rights are covered by the best scheme that meets your needs. We also offer advice on investment decisions. For Pensions On Divorce to work, and for you to avoid a pension approach that doesn’t match your needs. A secure, independent, flexible financial future means taking advice if you are unfamiliar with investing and pensions. An independent financial adviser can give you suitable pension advice after settlement. Private Companies and business assets in divorce Any business that you or your spouse own or have a financial interest in will need to be disclosed and considered in your divorce settlement. A limited company is not protected from divorce. It does not matter if the firm was created before or after marriage. During divorce proceedings, a limited company is treated just like any other financial asset, which means that company shareholdings and profit are considered matrimonial assets. Fantastic Service – Thanks so muchSignposting advice on main considerations as an US expat in the UK. JoshInformative and friendlyI had a call with Lawrie to discuss some queries I had as a US citizen living in the UK. He was very helpful and provided me with very useful information and advice ShaneWe’ll be backI had an excellent experience with Lawrie, who demonstrated a deep understanding of the complexities involved with our dual UK/US citizenship. In just a brief meeting, he provided specific advice and tailored recommendations that addressed our unique financial situation. His expertise and clear communication were incredibly helpful. Highly recommended! DominicExcellent Service Highly RecommendLawrie was absolutely fantastic with helping me manage my SAYE transfer with very little hassle or worry. There are a lot of companies out there who only focus on high net worth individuals or charge an arm and a leg to help regular people, but Edale is not one of them. This company is committed to helping regular folk build wealth at a reasonable price and I’m thankful for that. PreciousGenuine Concern EasedI had a call with Lawrie to discuss my retirement funding and challenges being a dual UK US citizen. His insight was keen, knowledgeable and helpful. We decided it was a bit early for me so I’ll be calling him closer to my retirement date in 2027. I felt no pressure and he was genuine in his advice. GreggLawrie was very helpful and provided me with some useful guidance on an investment basis. I have tax and financial affairs that are more complex than usual, due to holding multiple citizenships and Lawrie was very knowledgeable and able to answer many of my questions over a 10 minute call. I would highly recommend this company as a first port of call for financial affairs or tax planning ideation. I was able to quickly book a consultation at no cost and left the call confident in what my options were going forward. Lawrie was very patient and listened to my circumstances meaning I did not feel rushed and was reassured about my financial concerns. AlexSuper helpful guidance from Lawrie which helped to make sense of a multitude of potential US/UK issues. Great signposting and he clearly is well versed in his field. Lawrie provided a helpful insight into the common pitfalls to consider and avoid when it comes to US/UK inheritance planning. He succinctly gave us an overview of the dual regimes and provided a road map for us to work our way through. MaryI had a long conversation with Lawrie Chandler to explore the financial implications of moving my tax residency from the US to the UK. I found his knowledge of the pros and cons very helpful. Some specialists in international relocation and tax affairs who will give only a short interview and are sparing in their advice until you sign up and pay their fees. From my experience, Edale let’s you explore the many what-ifs in a friendly exchange of views and options. My instinct tells me that the company focuses on long-term relationships built on trust and mutually beneficial results. MarkEdale were very helpful giving advice about how to handle taxes for US/UK dial citizens living in the UKI chatted with Edale to find answers to a number of questions I had about how to manage taxes when a dual US/UK citizen living in the UK. They were very familiar with the complexities of this situation and how to handle both the IRS and HMRC tax returns and additionally had advice on retirement. I highly recommend Edale. DavidIncredibly helpful and informative. My wife and I had the pleasure of speaking with Lawrie at Edale about the complexities of moving our finances from the US to the UK. We were made to feel like no question was too big or too small, and Lawrie took the time to respond to each of these individually with great insight and guidance. We’d like to thank Edale and Lawrie for their helpful, informative and friendly service. Rorydual US/UK nationality familyLawrie invested a great deal of time understanding our circumstances (dual US/UK nationality family) before any recommendations were discussed I am very happy with the outcome and intend to continue the relationship in the longer term. GavinVery helpful, personalised advice based on my specific situation. highly recommended! ! so helpful & provided quick, personalised advice very smoothly through WhatsApp. very highly recommended! KateEverything I needed! I found Edale online as I had discovered how difficult it was to find a financial advisor able to advise me because of my USA citizenship. Lawrie was just the ticket – a straight talking, forward thinking Financial Advisor with a depth of understanding around the tax implications of various investment vehicles as it related to expat Americans. His solutions were inventive and right away I made a huge financial win that would have otherwise passed me by! I highly recommend! KellyGreat meeting! Lots of information and questions answered around FIG regime and PFICs. Really helpful consultation. KiranFantastically knowledgeable helpAsked for a Zoom interview as I was confused about the likely tax rates and how to proceed on my little US retirement savings from a two-year employment some years ago, being a permanent UK resident and finally old enough to take them out. Laurie clearly knew the exact situation, helped me to understand the jargon, could answer all my questions easily, and showed me clearly how to proceed so as to end up paying a much smaller tax rate than the scary 30% that I’d seen banded about on websites. No attempt to sell me anything I didn’t need, and a complete understanding that my income and savings are small and not ‘big gun’ investments. Very very helpful – thank you so much! ClareVery Helpful Initial ConsultationI just had an initial consultation and Lawrie was very helpful. He answered all the questions I had, and followed up with an email containing helpful links and advice. I’m looking forward to continuing with this service. SarahAdvice on the financial reporting and tax liability for a Junior Isa for my American child. I had a zoom call with Lawrie to ask for some advice on the financial reporting and tax liability for a Junior Isa for my American child. Laurie was very knowledgeable and easy to talk to about this matter. If we needed financial advice for investments in the future we would engage with this company again. GinnieSuper speedy and extremely helpful response! I had a pressing query about US/UK banking and received a speedy (same evening! ) extremely helpful response. Thank you so much! FrevisseVery knowledgeable, great experience with EdaleI had a chat with Lawrie today. Very lovely to chat to and clearly knows his stuff. He gave me some good advice and I really appreciated it. Would definitely recommend him and Edale in the future. Adam100% Recommend Edale! Lawrie and Edale have been incredibly thorough and supportive throughout the journey – from the moment I’ve consulted about my unique circumstances with regards to investment options (being a dual US citizen living in the UK) to onboarding me as a client to invest through them. I am so happy and relieved hat I’ve finally found a solution to a problem I’ve had for years, and so grateful for Lawrie being so thorough with the whole process – all the information was made easy to digest and understand, and I could (and still can) reach out to Lawrie whenever I had/have questions, and he was readily available and prompt with his responses. I love that Edale accommodates to clients of various sizes, and that I can invest at the pace and amount I feel comfortable in. Thank you so much! NinaVery quick to respond & helpfulI pretty much had my questions answered within 3 emails. Great service. ThomasVery polite and friendly and helpful! Our situation is a little complex, and although Lawrie couldn’t help directly they recommended a couple of other companies for us to contact. Many thanks! LisaKnowledgeable, concise and accessible. Lawrie was extremely helpful in bringing clarity to my situation and advising the best way to handle my US investments and pension while living in the UK. I appreciate his concise approach with no sales pitches. KarenGreat service and advice. Lawrie was really helpful. Very easy to talk to. Possessed a depth of knowledge. Made sure he answered all my questions. I highly recommend Edale and Lawrie in particular. ClaireKnowledgable and helpful, addressed my particular circumstances very wellLawrie addressed my retirement aspirations, tax questions, and financial position with the specific cross-jurisdiction knowledge I’d been seeking. I now feel... --- > Tailored financial advice through a comprehensive session designed to align recommendations with your unique financial goals and needs - Published: 2024-08-27 - Modified: 2025-05-06 - URL: https://edale.co/financial-discovery-meeting-with-edale/ Book your no-obligation discovery appointment with Edale through this form. Financial discovery within our overall financial advice process Step 1: Discovery Meeting Discuss your financial situation, aspirations, risk tolerance, and existing financial products. Option to proceed further. Step 2: Research to Find Suitable Investment Options Researching market to identify solutions tailored to your needs, considering personal and tax status, and existing arrangements. Step 3: Providing Reports, Financial Health Checks and Forecasts Prepare a financial report, overview of your financial circumstances, and additional specific reports if needed. Step 4: Recommendation of Specific Investment Products Recommend investment products and providers, including cost illustrations in a suitability report. Step 5: Implementation Arrange and register your chosen investments, services, and policies. Step 6: On-going Planning Periodic reviews and annual planning meetings to ensure strategy and products meet your requirements. Fee-based on portfolio value. // Change this index to set a different default active step (0-based index) const defaultStepIndex = 0; function setDefaultActiveStep { const steps = document. querySelectorAll('. process-step'); if (steps) { // Remove active class from all steps and set it to the default steps. forEach(step => step. classList. remove('active')); steps. classList. add('active'); // Optionally scroll the default step into view steps. scrollIntoView({ behavior: 'smooth', inline: 'center' }); } } // Add hover listeners to update the active step on mouse enter document. querySelectorAll('. process-step'). forEach(step => { step. addEventListener('mouseenter', => { document. querySelectorAll('. process-step'). forEach(s => s. classList. remove('active')); step. classList. add('active'); }); }); window. addEventListener('load', setDefaultActiveStep); A financial discovery session is the first step in providing personalised financial advice and ideas. This initial meeting provides your advisor with an opportunity to understand where you stand currently concerning your finances as well as what your desired outcomes might look like. Your advisor will gather information about your current income, expenses and assets, as well as any existing liabilities and long-term financial life goals. Thereafter allowing them to create customised ideas that are relevant to you and aligned with your financial objectives. Ultimately, this process helps you establish strong foundations on which to build your financial future. Common questions linked to this financial discovery are below the booking form. Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? What is the purpose of a financial discovery meeting A financial discovery or fact-finding by an IFA is an opportunity to assess the customers’ needs to then be able to advise on an appropriate course of action. The list below provides some of the basic information that is helpful to bring along. In addition to basic customer information, getting a breakdown of income/expenditure and assets/liabilities, a full x-ray of existing savings/investments/ pension and life assurance arrangements, terms of any wills and details of expected inheritances, the current occupation status and prospects and Health Information. We ask a risk-profiler is completed. Importantly the goals and aspirations of the customer need to be clearly matched to our recommendations, so we will ask about: What is the previous investment experience and knowledge of the customer Why did they invest, and what were their expectations What are they planning for in the future. Life changes. Major milestones. Ambitions. Personal ‘landmark’ dates such as retirement dates, children weddings, anniversaries, splurges, etc. Who does the customer want to benefit from the financial plan Frequently Asked Questions What is a financial discovery session? A financial discovery session is an initial meeting with a financial advisor to assess your financial situation, goals, and challenges. Why is a financial discovery session important? It helps the advisor tailor advice and recommendations specifically to your financial needs and long-term goals. How long does a financial discovery session take? Typically, a session lasts between 30 minutes to an hour, depending on the complexity of your financial situation. What should I prepare for the session? Prepare details about your income, expenses, assets, liabilities, and any financial goals or concerns you have. What is the role of an independent financial advisor IFA? Independent financial advisors are financial consultants that act as a fiduciary and provide clients with focused financial advice on all the different areas of finances and savings, including retirement planning, wealth management, and mortgage and finance. function toggleAnswer(id) { var answer = document. getElementById("answer-" + id); if (answer. style. display === "none" || answer. style. display === "") { answer. style. display = "block"; } else { answer. style. display = "none"; } } --- > Inheriting a US IRA as a UK resident? Navigate taxes, Medallion Guarantees, and certifications with ease using this comprehensive guide. - Published: 2024-08-22 - Modified: 2025-01-22 - URL: https://edale.co/inherit-from-the-us-live-in-the-uk-a-guide/ - Categories: us uk financial advisor - Tags: Double Taxation Agreement, HMRC Self Assessment, Inherited IRA, International Transactions, IRA Withdrawal Taxation, Lump Sum IRA Withdrawals, Medallion Guarantee Stamp, Notarized Documents, Regular IRA Withdrawals, Tax Treaty Benefits, UK Certification Processes, UK Financial Advisor, UK Resident, UK Tax Obligations, US Estate, US Inheritance, US Inheritance Guidance, US Securities, US Tax Code, W-8BEN Form Inheritance from the USA is never a straightforward process. If you’re a UK resident and you inherit a US Individual Retirement Account (IRA), there can be US and UK tax obligations. Claiming the assets can also be fraught with difficulties and complications, including UK Medallion Guarantee Stamps, notarization and certified documents. Additional special tax forms may be required. Inherited IRAs for American expats or non-US connected can be complicated with paperwork, a lack of a US tax code, or the need to get suitable paperwork. Also, as a non-resident, having an address outside America can create complications as a provider may have policies not to want to deal with you. Here's a guide to US Inheritance in the UK, with the certification processes explained below. Medallion Guarantee Stamps in the UK Medallion Guarantee Stamps are an American financial service initiative that verifies the signature of a person transferring securities – such as stock or bond ownership, usually by handwriting on a document. When doing so, the party receiving the securities asks the signer to take it to a participating Medallion Guarantee agent, who provides a stamp of approval. It is typically required for a person or entity to transfer physical stock certificates or other securities. Medallion Guarantee Stamps and UK Inheritance If you live in the UK, have inherited property in the United States, and need to sell it, you might be asked to show a Medallion Guarantee Stamp where you transfer your U. S. -based securities. This is how it would generally work in the estate context: Transfer of Ownership of US Securities: If you inherit securities – stocks, bonds or mutual funds – of a US estate and want to transfer these assets into your name, the financial institution executing the transfer will require a Medallion Guarantee Stamp. Unfortunately, getting a Medallion Guarantee Stamp from the UK is not easy. This is because an acknowledged third party usually acknowledges the reliability of information/documents, and such services are very rarely available outside the US. Resources to generate the acknowledgement are limited to a few local financial institutions and some international operations of US-based banks that may do it for your clients. You might have to: Contact U. S. Banks with UK Branches: Banks with branches in the United Kingdom often provide this service to their depositors. International Medallion Guarantee Providers: A handful of International financial services companies may offer Medallion Guarantees as a service for a fee but it could be limited to certain countries as well as more costly. Come to the US: At the very end, you might just have to travel to the US to go see a financial institution that will stamp the form. What to Do if You Need a Medallion Guarantee in the UK The Medallion Signature Guarantee Website (“MSG Website”) contains a searchable database of institutions that can provide these services. Below is a list of institutions that provide UK Medallion Signature as of July 2024. PARTICIPANTCITYSTATE/PROVINCEZIP/POSTAL CODEFRASER AND FRASER LONDON UK EC1N8EH IWC ESTATE PLANNING & MANAGEMENT LTD BRAINTREE ESSEX UK CM79AE JPMORGAN CHASE BANK, N. A.  BOURNEMOUTH DORSET UK BH88UA JPMORGAN CHASE BANK, N. A.  LONDON UK EC2V7RF JPMORGAN CHASE BANK, N. A.  BOURNEMOUTH DORSET UK BH77DA LEK SECURITIES CORPORATION (closing down)LONDON UK EC2M4QP LESTER ALDRIDGE LLP BOURNEMOUTH DORSET UK BH88EX MISHCON DE REYA LLP LONDON UK WC2B6AH SHARE DATA LIMITED HORSHAM WEST SUSSEX UK RH121NR THE BANK OF NEW YORK MELLON MANCHESTER UK M11RN Table of UK Medallion Signature Guarantee providers in the UK UK Equivalents or Alternatives to Medallion Guarantee Stamps Occasionally, it’s impossible to arrange a Medallion Guarantee. If that’s the case, you can discuss alternatives with the U. S. custodian of the securities. Some U. S. financial institutions may accept another type of certification, such as notarised signature or a letter of authority (but that will depend on the institution’s rules). We suggest contacting them to see if they would accept notarised documents as an alternative to Medallion Guarantee Stamp. Notoriased can be found at https://www. facultyoffice. org. uk/notaries/find-a-notary/. How are withdrawals from IRA taxed in the UK? The key point about HMRC taxation relates to whether it's a lump sum or regular withdrawal. Regular withdrawals from an Inherited IRA (anything with a pattern in it), including RMD's are considered by HMRC are UK taxable income. The UK taxman has the primary right to charge taxes. You can get a US foreign tax credit for anything paid in the UK under Article 24 of the US-UK tax treaty. To meet US tax year timelines and pay HMRC before 31 December in the appropriate tax. This is critical, because once the filing is done because excess foreign tax credit can be used for the previous year in the USA. A self-assessment return will be needed as this income is not taxed through PAYE so will need to declared and with HMRC by 31 January, related to the tax year ending the previous April. Lump Sum (Irregular) Withdrawals: There is no legislative definition of a Lump Sum, but HMRC rules say these are any non-periodic pension payment. That is, any non-regular payment that decreases the value of the remaining pension pot after such payment is made. The IRS regards lump sum as the whole (ie100%) of the amount. Article 17(2) of the UK/USA DTA provides the US with the exclusive right to tax any Lump Sum payment made from a US sourced pension scheme (including IRAs) and not the UK tax authorities. There is a saving directive clause, which allows the resident tax authority to override another treaty clause, in the Double Taxation Agreement, but this is not usually applied by HMRC as the treaty overrides domestic taxation law. Declare interest in the UK Self Assessment form: Any interest you earn inside the IRA should be reported on self-assessment. Report the interest (converted to sterling) as foreign interest on the SA106 foreign page. If filing online, answer yes to having foreign income and enter the amount in the further boxes that are shown, entering it under interest. What is a W8BEN form in the UK? Do I need one as a UK Person? If you are in the UK and need a Medallion Guarantee for a transaction involving U. S. or Canadian securities, you may need to: Contact the U. S. or Canadian financial institution involved in the transaction to see if they have specific instructions or alternative requirements for UK residents. Travel to a U. S. or Canadian bank that offers the Medallion Guarantee service. Consult with a UK financial advisor or legal professional who specializes in international transactions for guidance on how to proceed. US Taxes and W8 BEN form W-8 BEN is used when requested by the withholding agent or payer whether or not you are claiming a reduced rate of, or exemption from, withholding tax. The W-8BEN is an Internal Revenue Service (IRS) mandated form to collect correct Nonresident Alien (NRA) taxpayer information for individuals for reporting purposes and to document their status for tax reporting purposes. Individuals complete W8 BEN. Entities (or non-natural persons) must use Form W-8BEN-E. The W-8BEN form lets you benefit from the US Internal Revenue Service (IRS) treaty rate with the UK. This lowers the withholding tax for qualifying dividends and interest from US shares from 30% to 15%. The form can be downloaded from https://www. irs. gov/pub/irs-pdf/fw8ben. pdf and https://www. irs. gov/pub/irs-pdf/fw8bene. pdf. Case Study: Navigating Complex US Inheritance Paperwork for a UK Beneficiary Posted: 22 August 2024 In this case study, we provided assistance with US inheritance paperwork to the niece of a beneficiary, who had to navigate a dizzying array of unfamiliar financial terms, how to handle an individual retirement account (IRA) inheritance, and forms for inheriting a US annuity that was issued by a US Mutual. Background Information Personal/Financial Situation: The client Show case studyShow less Financial advice on what to do with an inheritance from the USA An inheritance from the USA can be life-changing, give financial security, or be a pleasant surprise. It raises many important questions. Where should the money go? How should the money be invested? Some questions cry for the help of the professionals. Are you aware of all of the complexities that inheriting funds from the USA entails? We are very good at helping our clients understand all of the details. It would be best if you had the benefit of knowing what to do with the funds, and Edale can assist you in accomplishing your goals for your inherited money. We will help you get the funds and invest to achieve your financial goals. Call us to have a US inheritance conversation and learn how you can go about achieving the most for your inherited funds. --- > Local adviser. Adviser owned, independent + unbiased, Edale are expert {{mpg_service}} that put your priorities first. Open 8am-8pm. - Published: 2024-08-12 - Modified: 2024-08-12 - URL: https://edale.co/mpg_service-mpg_town-mpg_country/ Edale are a {{mpg_service}} for people living in {{mpg_town}} and surrounding areas Initial Consultation Free Get started with cost and no obligation. Independent Advice Receive unbiased, expert advice. No Minimums No minimums to access our services. Independent Financial Advisers with clients in {{mpg_town}}, {{mpg_county}}, with experience specialising in {{mpg_product}}. We have worked in large corporate firms previously and offer personalised advice online, face to face and at times to suit you. Directly FCA regulated. Top tier advice from accessible experts. We give trusted advice and have grown extensively with long-term relationships. We like to provide high-touch advice; when and how you need it. No pigeonholing. "{{mpg_desc}}" Lawrie Chandler, Edale Owner Read out customer ratings. { "@context": "https://schema. org", "@type": "Financial Advice", "name": "Edale Investments", "aggregateRating": { "@type": "AggregateRating", "ratingValue": "4. 5", "reviewCount": "20" } } Clients helped 50+ Minimum wealth £1k+ Can help with {{mpg_product}} Meet the team L Pensions Pensions & Retirement Workplace Pensions:Guidance on employer-sponsored pension schemes, including automatic enrollment, contribution options, and pension pot management. Annuities:Assistance with understanding and purchasing annuities, which provide a guaranteed income for life or a fixed period upon retirement. Private Pension Plans:Advice on setting up and managing private pension plans, such as SIPPs (Self-Invested Personal Pensions), to complement other retirement savings. Stakeholder Pensions:Information on flexible and low-cost pension schemes with capped charges and a minimum contribution level is suitable for a wide range of savers. Pension Review:Regular reviews of your current pension arrangements to ensure they align with your retirement goals and make recommendations for improvements. Planning & Investing Your Pension:Strategic advice on how to invest your pension funds to maximize growth potential while considering risk tolerance and retirement timelines. Existing Pension Plans:Management and consolidation of existing pension plans to simplify your retirement savings and ensure optimal growth and security. At Retirement Advice:Tailored advice on making the transition into retirement, including when to take your pension, income options, and tax implications. Pension Freedom:Guidance on the options available under the pension freedoms, including taking lump sums, flexible drawdown, or purchasing annuities. Financial Advice Financial Planning At Retirement Advice:Comprehensive planning for transitioning into retirement, focusing on income strategies, managing living expenses, and ensuring long-term financial security. Planning & Investing Your Pension:Developing a customized investment strategy for your pension savings, considering your financial goals, risk tolerance, and time horizon. Wealth Management:Holistic financial planning and management of your entire portfolio, including investments, pensions, savings, and other assets to grow and protect your wealth. Investments Investments Investments:Expert advice on building and managing an investment portfolio, including stocks, bonds, mutual funds, and other investment vehicles aligned with your financial goals. Wealth Management:Integrated services for managing your investments, including portfolio diversification, risk assessment, and ongoing performance reviews to maximize returns. Pensions Tax & Trust Planning Pension Freedom:Advice on managing tax implications when accessing your pension under the pension freedoms, including tax-efficient withdrawal strategies. Wealth Management:Strategies for minimizing tax liabilities on investments, pensions, and estate, including the use of trusts and tax shelters to preserve wealth for future generations. Saving Savings Private Pension Plans:Recommendations for long-term savings through private pension plans, with options tailored to your individual financial situation and retirement goals. Stakeholder Pensions:Savings plans that offer flexibility, low charges, and tax benefits, ideal for those seeking to build their retirement savings in a cost-effective way. Are you seeking {{mpg_service}}? If you are looking for {{mpg_service}}, contact us as we work in {{mpg_county}} ({{mpg_postcode}}) and get a free no-obligation consultation. You can book a financial advice appointment. The value of independence advice for {{mpg_product}} We are Independent Financial Advisers (IFAs). This means our advice is totally independent of any financial institution or product provider. It means that we can select products or services for you from the whole of the UK market and are not limited or constrained. Our service is personal and adaptable, with one-to-one advice. We strive to build strong relationships with our clients so that we can meet their needs over the long term. --- > Qualified expat financial advisors based in the UK. Honest, fair, expert + transparent advice accessible to international people. - Published: 2024-08-05 - Modified: 2025-03-17 - URL: https://edale.co/wealth-advice/independent-financial-adviser-for-expatriate-clients-uk/ - Tags: investment advice Financial Advice for expats working abroad, leaving the UK to go offshore or retiring overseas Supporting international clients and expats with international investment and financial advice from a head office in the UK. Initial Consultation Free Get started with cost and no obligation. Independent Advice Receive unbiased, expert advice. No Minimums No minimums to access our services. Based and regulated in the UK with financial advisers in a real office (and remote) supporting clients globally. Our team is ready to advise and support your needs wherever you are. You can access us online, remotely and face-to-face. We frequently travel and open extended hours to suite most time zones. Effective wealth management for expatriates demands expertise in international tax regulations, as well as understanding cross-border investment strategies and pension frameworks. Expats who lack proper financial planning risk encountering double taxation, bad investment decisions, and expensive pension transfer errors. An independent expat financial adviser helps you: Through cross-border tax planning, we can improve your tax position. Protect your retirement savings through pension transfers combined with comprehensive wealth management. Make sure your estate planning follows international inheritance regulations. Manage investments across multiple currencies and jurisdictions Work to protect your family's financial stability Important services for expatriates True expatriate financial advice means offering a range of financial services designed specifically for expatriates: Expat Retirement & Pension Planning International pension transfers (SIPPs, QROPS, 401(k) rollovers, UK pension transfers to Australia) Retirement investment strategies for long-term wealth growth Expat Tax Planning & Compliance Avoid double taxation with tailored tax strategies Statutory Residence Test (SRT) guidance for UK expats Inheritance & estate tax optimisation across jurisdictions Investment & Wealth Management Global investment strategies for expats Currency risk management to protect your international wealth Real estate investment advisory for expats purchasing property abroad Estate & Inheritance Planning Cross-border will structuring to comply with international laws Trusts & asset protection for family wealth preservation Why pick Edale as your expat adviser? The UK-based team at Edale provide financial expertise to expats around the world. We have worked around the world ourselves and know the pains and rewards from working cross borders and internationally. Our team of experts works tirelessly to: Optimise your tax position. Plan for a secure retirement. Manage your investments internationally. Protect your wealth and legacy. Edale is a financial adviser firm that can assist with overcoming the global pains of accessing worldwide financial advice, where many are limited by national borders or assets in the country of residence. We support everyone we can from the chief executive of a plc to a shopkeeper, this is based upon our social mission. We ensure financial advice and options are available to everyone, irrespective of their citizenship or complications created for them. Our specialist International advisers have significant experience advising people, families and individuals who work and move around the world. With a global perspective and a commitment to your financial success, you can be confident you've found a partner to navigate the complexities of living abroad. Regulated expat pension and investment advice Having worked in international finance since 1999 and operated Edale since 2014, we’ve spoken to individuals who have received bad money advice. In many cases, they were approached with a cold sales call. We have a social mission to improve financial services so we operate free consultations, extended office hours and no minimum portfolio size. We want Expats to understand financial planning and how you can make sound financial decisions with guidance. Talk to a qualified financial professional For independent financial advice with the flexibility to work with you anywhere in the world with UK-based advice, consider Edale. Financial Planning: Expertise in managing investments, savings, and wealth across borders. Retirement Planning: Consolidating retirement savings and complying with multi-jurisdictional regulations. Tax Planning: Avoiding double taxation and leveraging tax treaties. Financial advice that fits your needs and plans for the future Qualified investment professionals A regulated firm with regulated advisors qualified in overseas finance and a minimum UK level 4 qualified Gold standard home regulator Compliance and direct regulation with the Financial Conduct Authority in the UK Fee based Fee-based, commission-free, flexible and penalty-free access to funds. Clear pricing and Accessible and guiding hand Free, no-obligation initial calls at our cost to answer your questions and help you. We can explain how we work and offer the best value. Worked around the work Advisers have worked around the world, so know cultural issues to consider, like capital controls, local inheritance rules, etc Working with you now and into the future We provide you with the most suitable advice for the things you need now and expand/contract into the future to provide what's suitable for your circumstances and plans Working with a range of international product providers and platforms Below is a list of platforms and product providers across different jurisdictions where we have clients. Some of these are legacy products that are no longer available and have rebranded, but we include them as clients may still refer to the old name. We like to consider the existing products and investments that a client holds before making alternative recommendations. We are not keen to switch where we can fit around a client's existing arrangements, which are suitable for their needs and provide value. STM ( including STM QROPS, STM Malta Pension Services Limited, STM Group PLC) Moventum fund platform in Luxembourg Canada Life International Zurich International Life Limited Hansard International Ltd Quilter International ( formerly Old Mutual International (Isle of Man) and Skandia International Utmost International Isle of Man Ltd/Utmost Pan Europe DAC/Utmost Worldwide Ltd formerly Generali Worldwide Sovereign Group Gibraltar QROPS RL360 Friends Provident International Capital Platform Malaysia Our Happy Clients My complications ended when I came across EdaleI worked in Australia for 2 years under the 456 visa. After I left Australia in 2012. I was looking for a way to recover the funds that my former employer debited from my salary to place it in the Australia Superannuation. For almost 5 years I was looking for advice to recover my funds that were in the sunsuper Australian Superannuation. Many times I got myself with many buracratic obstacles, especially trying to recover the funds from abroad. The process to recover the funds through the web page of the Australian tax office and the sunsuper website is very cumbersome and discouraging. My complications ended when I came across with Edale. Under the advice of Edale I was able to recover the funds and deposit them in the bank account of my preference. Edale completed the due diligence in an effective and fast way, helping me to receive the funds in a short time. JoseA very useful and professional financial advice serviceAs a UK expatriate it is difficult to find accurate and impartial financial advice. I was pleased to discover Edale, who offer a comprehensive and personalised service. There is certainly no ‘hard sell’ and in my initial consultation I was able to discuss the options without any obligation. I’m not in immediate need of their fee-bearing services but if this changes Edale will be my first port of call. AndrewBringing clarity to UK/US retirement questionsI had an incredibly positive experience working with Edale to navigate the complex world of UK/US cross-border financial planning, especially as it relates to investing for retirement. As a dual UK/US citizen married to a fellow dual citizen, and having lived in the UK since 2010, I was overwhelmed with how to most tax-efficiently invest for retirement given our mix of accounts in both the US (IRAs and Roth IRAs) and the UK (SIPP, employer pension, and USS). Thankfully, Edale provided clarity and guidance on every front. JesseReally helpful. Edale were really helpful to me and gave me good pointers on the direction I should take. I’d go back to them for further advice without hesitation. KeciaThank youThank you very much Lawrie for your effective diligence! MichaelIncredibly valuable free consultation, evaluated our options, suggested new ideas. My wife and I had a free consultation with Lawrie from Edale this morning. We have a difficult decision to make of how to use the substantial inheritance money that needed both US and UK expertise. We are deciding between buying to let properties in the USA and repaying our mortgage and investing in the UK. Lawrie gave us a comprehensive analysis of the pros and cons of both strategies. He also brought our awareness to maximising our pension capabilities and offsetting our UK mortgage while we are waiting for the rest of the funds from the USA to become available. Everything he explained was in simple language and very clear. The consultation has given us a huge amount of pure value without trying to sell us any products. We are very grateful, thank you so much. AlexanderIncredibly helpful and informative. My wife and I had the pleasure of speaking with Lawrie at Edale about the complexities of moving our finances from the US to the UK. We were made to feel like no question was too big or too small, and Lawrie took the time to respond to each of these individually with great insight and guidance. We’d like to thank Edale and Lawrie for their helpful, informative and friendly service. RoryVery efficient and informative. Very efficient and informative. Lawrie was a consumate professional and helped with my individual needs. Would definitely recommend! DannyFantastically knowledgeable helpAsked for a Zoom interview as I was confused about the likely tax rates and how to proceed on my little US retirement savings from a two-year employment some years ago, being a permanent UK resident and finally old enough to take them out. Laurie clearly knew the exact situation, helped me to understand the jargon, could answer all my questions easily, and showed me clearly how to proceed so as to end up paying a much smaller tax rate than the scary 30% that I’d seen banded about on websites. No attempt to sell me anything I didn’t need, and a complete understanding that my income and savings are small and not ‘big gun’ investments. Very very helpful – thank you so much! ClareVery good and most helpfulExcellent helpM DunbarExcellent! Great advisor. Lawrie is a great advisor, he has shown us clearly and simply how financial instruments work and what options we have. He has dedicated all the necessary time and has been proactive. Jonathandual US/UK nationality familyLawrie invested a great deal of time understanding our circumstances (dual US/UK nationality family) before any recommendations were discussed I am very happy with the outcome and intend to continue the relationship in the longer term. GavinKnowledgable and helpful, addressed my particular circumstances very wellLawrie addressed my retirement aspirations, tax questions, and financial position with the specific cross-jurisdiction knowledge I’d been seeking. I now feel more confident about my financial health and look forward to seeing the options Edale has to help me get investments in order. KathrynExcellent, knowledgeable, professional serviceLawrie has been excellent to work with, after searching for quite some time to find a company that does not require minimums to get started. He is responsive and thorough, and wants his clients to understand the process. They have all the services I need and I feel confident in my financial future. Would definitely recommend. AbigailExpert advice! I’m teaching overseas and Lawrie gave me great advice on insurances and investments, thank you for all your help. LauraThe advice received was explained in a clear, friendly, transparent way, especially using lay person’s language to explain technical terms. The conversation I had about my UK pension was very helpful in guiding me towards next steps, things to be aware and careful of, questions to ask my pension holder, and other important and useful elements. I came away from the call feeling reassured and confident about next steps to take. I’d recommend Edale to anyone, especially anyone interested in avoiding hard sells on products provided by the advisor. DoreenDiligent and responsive! I was visited by Lawrie Chandler in São Paulo, and shortly after I asked for his assistance with regards to a divestment. He guided me through the process and assisted even after I realized that there was some problems with my request. His diligent and responsive handling helped me sort out the situation and made me feel comfortable along the process. PeterVery happy with the advice i received. My advice came from Lawrie Chandler who i found very helpful, friendly & easy to deal with, whilst remaining professional. Living overseas it was tricky to get advice & not being a financial person made it difficult to understand all the implications. Lawrie was patient during explanations & a pleasure to deal with. I would highly recommend Lawrie & Edale. Julie. JulieStraightforward and efficientExcellent call with Lawrie who gave me frank and straightforward advice which was valuable. Much appreciated. TobyA Top Professional Financial Advisory ServiceEdale have and are continuing to provide Financial advice and services to me in my early retirement years, I was recommended to use Edale and Lawrie, to this day I am truly thankful that this took place. The very high professional and friendly service provided with immediate contact and liaise capability, provides the investor with assurances and confidence, this I always receive with Edale. My Portfolio and Market information is completley assured and the regular reviews allow for any changes to be instigated. Edale is ... truly professional, meticulous and supportive to their word, very much appreciated indeed. TrevorVery professional, easy to work with, could not ask for a better partnership when investing hard earned money. Lawrie my financial advisor is very professional and meticulous in every aspect of finance, nothing is too much trouble for him or Edale. Lawrie explained everything item step by step during the transfer of my investment. I will in the near future transfer my other investment with Lawrie and Edale. First class service many thanks. Gary Expatriate financial advice based on your needs Depending on what your need assistance we can advise clients on: Private Client Investments Child savings and educational planning Pensions and Retirement Planning SIPPS v QROPS Expat Tax Planning Education Fees Planning Health, Income and Illness Protection Arrangements Corporate Services Helping US passport holders with UK savings We can help a range of in a range of circumstances New Financial Advisor Lost contact with your expat advisor or just looking for a change, contact us and find an advisor that will get your investment back on track. Going overseas The best possible solutions for moving with work, country or continent. Investments & Savings Invest lump sums and regular savings with full flexibility and access to your money. Articles for expats planning their finances Contact Edale easily Click to call to speak with us WhatsApp chat support your needs Book an appointment Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to... --- > The journey of growing alongside clients with professional investment advice for career starters and high fliers - Published: 2024-08-04 - Modified: 2024-08-03 - URL: https://edale.co/empowering-the-next-generation-our-decade-long-commitment-to-young-professionals/ - Categories: News, Vision As we enter our teenage years as a firm, we at Edale reflect on the remarkable journey we’ve undertaken since our founding in January 2014. What began as an institutional investment firm has evolved into a comprehensive financial advisory service, open to all and dedicated to promoting financial awareness and literacy. This transformation has been shaped by the collective experiences, mentorship, and global assignments of our team members, who have each contributed to our growth and success. Part of the edale business review articles. Summer reflections. The Power of Mentorship: A Collective Guiding Light Mentorship has played a pivotal role in the development of our careers and firm. Many of us recall the early days when a seasoned professionals took us under their wings, sharing invaluable advice and insights. These mentors, with their vast experience, guid us through the intricacies of the corporate world, helping us understand not only the technical aspects of finance but also the importance of corporate culture and relationship-building. Through countless fireside chats with mentors and admired professionals, we gain real-world perspectives that no textbook could provide. Their support and encouragement are instrumental in building our collective confidence and capabilities, enabling us to tackle significant challenges and responsibilities as a team. We have benefitted from that and also do our part to give back and help the Next generation. Broadening Horizons: The Impact of International Experience Working on diverse assignments across various countries has been another cornerstone of our professional development. These international experiences have broadened our horizons, challenging our baseline assumptions and home standards. Each new country introduced us to unique market dynamics, regulatory environments, and cultural nuances, enhancing our adaptability and global perspective. International assignments taught us to question the status quo and think creatively. They highlighted the importance of flexibility and the ability to tailor solutions to meet diverse client needs. This global outlook has been invaluable in shaping Edale’s approach to serving a wide range of clients, from expats to young professionals and Sharia-compliant investors. The 800-Pound Gorilla: Understanding Market Dynamics The adage, “Where does an 800-pound gorilla sit? Anywhere it wants,” aptly describes the power dynamics of established market incumbents. These giants often dominate through sheer size and resources, presenting significant challenges for new entrants. However, this also underscores the importance of innovation and differentiation for our firm. From the outset, we knew we had to offer something unique to stand out. We focused on personal service, deep client relationships, and a commitment to financial literacy and empowerment. By starting small and growing with our clients, we built a firm that not only advises but also educates and supports its clients in their financial journeys. From Graduate to Executive: Financial Lessons for Rising Stars Over the past decade, we’ve developed strategies specifically to support young professionals as they advance in their careers. Our team members have guided clients through common financial challenges such as starting saving, taking the best from employer benefits, and making informed investment decisions. Our collective goal has always been to empower young professionals to take control of their financial destinies. Through plain English financial planning and ongoing education, we help clients understand the importance of early and consistent investing, the power of compound interest, and the benefits of diversifying their portfolios. Our approach has evolved with the changing economic landscape, incorporating new technologies and investment opportunities to better serve our clients. Like part of the family One of the most profoundly rewarding aspects of our journey has been the privilege of being part of the family’s inner circle, learning about joyous news like family planning even before close friends are informed. It’s as if we step into the role of the sensible uncle—offering not only guidance and support but also celebrating these personal milestones alongside our clients. In this unique position, we blend our role as financial gatekeepers with the emotional warmth of sharing in their excitement. We provide thoughtful financial advice while also being a trusted confidant. Being a financial advisor is like being the uncle who insists on giving sound investment advice at family gatherings. Sure, everyone laughs at the time, but when it’s time to plan for the future, they’re glad you showed up. Giving Back: Supporting Good Causes As Edale has grown, we’ve also focused on giving back to the community. We believe in supporting good causes with gifts of volunteer time and surplus assets. This commitment to social responsibility is integral to our mission and reflects our belief that financial success should be shared. Making an impact on young lives One of greatest accomplishments has been the impact we’ve had on our clients’ lives. From seeing young professionals climb the career ladder to expanding our services to include retail financial advice, our mission has always been to empower and educate. We have had that and seen it with clients. --- > Expat and Americans use of Lifetime ISA for UK house purchase with case study - Published: 2024-08-04 - Modified: 2024-08-04 - URL: https://edale.co/how-expats-in-the-uk-can-use-the-uk-lifetime-isa-to-save-for-a-house/ Introduction to the UK Lifetime ISA for Expats The UK Lifetime ISA (LISA) is a government-backed savings scheme introduced in April 2017 to help young people save for their first home or retirement. It offers a generous 25% bonus on savings, making it an attractive option for expats looking to get on the UK property ladder. However, there are several considerations, especially concerning property values and penalties, that expats should be aware of. Lifetime ISA Property Purchase Limits: What Expats Need to Know One of the key restrictions of the LISA is the maximum property price you can purchase using the funds, which is currently set at £450,000. This limit applies across the UK, regardless of regional property price variations. For expats, this can be a significant barrier, particularly when looking to buy in high-value areas. Challenges of Buying a House in the South East with a Lifetime ISA The £450,000 limit can be especially prohibitive in the South East of England, where property prices are notoriously high. According to recent data, the average property price in London and surrounding areas often exceeds this limit, making it challenging for expats to find suitable properties within the LISA’s constraints. Expats may need to consider purchasing in other regions where property prices are more affordable. Understanding Lifetime ISA Withdrawal Penalties While the LISA offers attractive bonuses, there are penalties for withdrawing funds for purposes other than buying a first home or retirement. If you withdraw money for any other reason, you'll face a 25% penalty on the amount withdrawn, effectively losing the government bonus and some of your own savings. This penalty can significantly reduce the benefits of using the LISA if your plans change or if property prices outpace the LISA limits. The History of the Lifetime ISA: From Introduction to Present Day The Lifetime ISA was introduced by the UK government in 2016 as a tool to help young people save for their first home or retirement. Initially, it was seen as a game-changer due to the generous 25% bonus on savings. However, since its introduction, property prices have continued to rise, particularly in the South East, limiting its usefulness for many prospective homebuyers. The static £450,000 property limit has not kept pace with market inflation, diminishing the LISA’s attractiveness for those aiming to purchase higher-value properties. Is the Lifetime ISA Right for You? Considerations for Expats For expats considering the LISA, it's essential to weigh the benefits against the limitations. The 25% government bonus is a significant advantage, but the £450,000 property limit and withdrawal penalties can be restrictive. If you're planning to buy in a high-cost area or might need to access your savings for other reasons, you might need to explore alternative savings strategies. Maximising the Benefits of the Expat Lifetime ISA The UK Lifetime ISA can be a valuable tool for expats saving for their first home, but it's crucial to understand its limitations. By being aware of the property purchase limits and potential penalties, you can make an informed decision about whether the LISA aligns with your financial goals and property aspirations. As property prices continue to rise, particularly in the South East, it's important to consider all factors to make the most of this savings opportunity. How a Couple Can Use the Lifetime ISA to Save for a Deposit on Their First Property Meet Sarah and James: A Case Study Sarah and James, a couple in their early thirties, have been living in the UK for several years and are ready to buy their first home. They've heard about the UK Lifetime ISA (LISA) and are considering using it to save for their deposit. Here’s how they can make the most of this savings scheme. Opening Lifetime ISAs: Getting Started Each individual in the UK can open their own Lifetime ISA. Sarah and James decide to open one each, maximizing the government bonus. The LISA allows each account holder to save up to £4,000 per tax year, with the government adding a 25% bonus on top. This means that for every £4,000 they save, they receive an extra £1,000 from the government. Saving Strategy: Maximizing Contributions and Bonuses Sarah and James plan to save the maximum amount each year. By both contributing £4,000 annually, they receive a combined bonus of £2,000 from the government each year. YearSarah's SavingsJames's SavingsCombined SavingsGovernment BonusTotal Savings (Yearly)1£4,000£4,000£8,000£2,000£10,0002£4,000£4,000£8,000£2,000£10,0003£4,000£4,000£8,000£2,000£10,0004£4,000£4,000£8,000£2,000£10,000 After four years of saving, Sarah and James will have accumulated a total of £40,000, which includes £8,000 in government bonuses. This amount forms a substantial part of their deposit for their first home. Choosing the Right Property: Staying Within the LISA Limit Sarah and James are aware of the £450,000 property price limit for using LISA funds. They decide to look for properties in areas where prices are within this limit to ensure they can fully utilize their LISA savings. After some research, they find a suitable property in a region where the average house price is around £400,000. Understanding the Benefits and Limitations By saving with the Lifetime ISA, Sarah and James benefit from the 25% government bonus, significantly boosting their deposit savings. However, they are careful to stay within the £450,000 property price limit to avoid any issues with using their LISA funds. Avoiding Withdrawal Penalties Sarah and James are committed to using their LISA savings solely for purchasing their first home. They understand that withdrawing funds for any other purpose would incur a 25% penalty, which would negate the government bonus and reduce their savings. By planning carefully and committing to their goal, they avoid these penalties. Final Steps: Purchasing Their First Home With their combined LISA savings and bonuses, Sarah and James put down a substantial deposit of £40,000 on their first home. This reduces their mortgage amount, making their monthly payments more manageable. Their disciplined saving and strategic use of the Lifetime ISA enable them to purchase their dream home while maximizing their savings. For couples like Sarah and James, the Lifetime ISA offers a valuable opportunity to save for a first home with the added benefit of a government bonus. By understanding the scheme’s limits and penalties, they can effectively use their LISA accounts to accumulate a significant deposit and make their dream of homeownership a reality. How a Dual National Can Use the UK Lifetime ISA: A Case Study Introduction to the Lifetime ISA for US Citizens in the UK US citizens or dual nationals residing in the UK, using the LISA comes with unique complications. This case study explores how an American, living in the UK, can navigate the complexities of using a LISA, leveraging the "American Lifetime ISA" offered by Edale. Meet John: A Dual National in the UK John is a US citizen and a dual national living in the UK. He has been working in Manchester for several years and is now looking to save for his first home. He learns about the Lifetime ISA and the substantial government bonus, and considers it a viable option for building his deposit. The American Lifetime ISA: A Tailored Solution John discovers the "American Lifetime ISA" offered by Edale, a product specifically designed to help US persons in the UK take advantage of the LISA scheme. Understanding US Persons and Tax Implications US persons, as defined by the IRS, include US citizens, green card holders, and individuals who meet the substantial presence test. For US persons like John, the UK government bonus received from the LISA is considered taxable income by the IRS. This means John must report the bonus on his US tax return and may owe taxes on it. IRS Rules and Foreign Income Exclusion John learns that while the LISA bonus is taxable, there are allowances under IRS rules that can help mitigate this. The Foreign Earned Income Exclusion (FEIE) allows US citizens to exclude a certain amount of foreign-earned income from their taxable income. John must consult a tax professional to understand how his overall tax situation might be impacted. Complications with Financial Institutions John also faces another challenge: most UK financial institutions do not offer Lifetime ISAs to Americans due to the complexities of FATCA (Foreign Account Tax Compliance Act) regulations. Many institutions avoid dealing with US persons to sidestep the additional reporting requirements imposed by the IRS. Finding a Suitable Financial Advisor for US/UK situation To overcome these hurdles, John turns to Edale Financial Advice, which specialises in helping Americans in the UK. The "American Lifetime ISA" product they offer ensures compliance with both UK and US regulations, simplifying the process for John. Creating a Savings Strategy with the American Lifetime ISA John and his financial advisor develop a savings strategy: Maximise Contributions: John decides to contribute the maximum £4,000 per year to his American Lifetime ISA. This ensures he receives the full £1,000 government bonus annually. Tax Reporting: John prepares to report the £1,000 bonus as income on his US tax return each year. With the help of his advisor, he understands how this affects his overall tax liability Plan for the Property Limit: Aware of the £450,000 property price limit, John and his advisor target properties within this range. Successfully Navigating the LISA as a Dual National Through careful planning and the support of Edale Financial Advice, John successfully utilizes the American Lifetime ISA to save for his first home. By understanding the tax implications and finding a financial advisor experienced with US persons, he maximizes his savings while ensuring compliance with both UK and US tax laws. For US citizens and dual nationals in the UK, navigating the Lifetime ISA can be challenging but achievable with the right guidance. The American Lifetime ISA offered by Edale Financial Advice provides a tailored solution, making it easier for Americans to benefit from the LISA scheme while managing the complexities of cross-border taxation. --- > Discover how grandparents can gift money tax-efficiently to grandchildren, maximising benefits through Junior ISAs and Junior SIPPs with strategic financial planning. - Published: 2024-08-02 - Modified: 2024-08-02 - URL: https://edale.co/how-grandparents-can-financially-support-younger-generations-a-guide-to-gifting-money/ Financial support from grandparents can play a significant role in shaping the future of younger generations. One of the most effective ways for grandparents to assist is by gifting money, which can be strategically used to maximise financial benefits for their grandchildren. This article explores how grandparents can gift money, the annual exemption rules, and how these gifts can be used to fund Junior ISAs or Junior SIPPs. This does come at a time when lots of newspapers are reporting the inheritance tax rules are under review, but it can be a great way to help a younger generation get a financial foothold for when they become adults. Understanding the £3,000 Annual Exemption Rule What is the £3,000 Annual Exemption? In the UK, individuals can gift up to £3,000 each tax year without incurring inheritance tax. This is known as the annual exemption. Grandparents can either gift the entire £3,000 to one person or split it among several recipients. This exemption resets every tax year, which runs from 6 April to 5 April the following year. Unused Allowances can be next in the next year If the annual exemption is not fully utilised in one tax year, the unused amount can be carried forward to the next tax year, but only for one year. This means grandparents can potentially gift up to £6,000 in one tax year if they did not use any of their exemptions in the previous year. Maximising the Benefits of Gifting: Junior ISAs and Junior SIPPs What is a Junior ISA? A Junior ISA (Individual Savings Account) is a tax-efficient savings account designed for children. The funds in a Junior ISA can grow tax-free, and once the child turns 18, they can access the money without any tax implications. There are two types of Junior ISAs: cash Junior ISAs and stocks and shares Junior ISAs. What is a Junior SIPP? A Junior SIPP (Self-Invested Personal Pension) is a pension account for children. Contributions to a Junior SIPP benefit from tax relief, meaning the government adds 20% to the contributions. The funds in a Junior SIPP grow tax-free, and the child can access the pension at retirement age. Someone can pay a maximum of £2,880 per year into this wrapper, which becomes £3,600 through 20 per cent tax relief from the UK Government. Examples of Using the Annual Exemption for Maximum Benefit Example 1: Gifting in a Single Year Imagine a grandparent, Mrs. Smith, who wants to gift money to her granddaughter, Emma. Mrs. Smith did not use her annual exemption in the previous tax year, so she has £6,000 available (£3,000 from the current year and £3,000 carried forward). She decides to gift the entire £6,000 to Emma, who can then use this money to fund her Junior ISA. Emma’s Junior ISA benefits from tax-free growth, and by the time she turns 18, the account could have grown significantly, giving her a substantial financial head start. if Emma's Junior ISA grows at 6% per annum, the £6,000 investment could grow to approximately £15,288 by the time she is 18 years old. If £3,000 is added to Emma's Junior ISA every year, the total amount in the ISA could grow to approximately £92,688 by the time she is 18 years old. Example 2: Splitting the Gift Mr. Johnson wants to support his three grandchildren by splitting his annual exemption. He decides to gift £1,000 to each grandchild every year. If Mr. Johnson didn’t use any of his exemption last year, he can carry forward the unused amount and gift £2,000 to each grandchild this year. Each grandchild can use the money to fund their Junior ISAs or Junior SIPPs, benefiting from tax-free growth or government tax relief, respectively. Example 3: Strategic Gifting Over Multiple Years Mrs. Taylor wants to maximise her annual exemptions for her two grandsons over several years. In the first year, she uses her full £3,000 exemption, gifting £1,500 to each grandson. The following year, she gifts her total allowance of £3,000 evenly split to each grandson, who can then invest this money into their Junior SIPPs. The contributions to the Junior SIPPs receive a 20% tax credit (which is equivalent to £1875 gross amount, significantly enhancing the long-term value of the pensions. By the time the grandsons retire, these contributions will have grown substantially, providing a strong financial foundation. Intergenerational gifting to those starting out in life Grandparents have a unique opportunity to provide significant financial support to younger generations through strategic gifting. By understanding and utilising the £3,000 annual exemption rule, carrying forward unused allowances, and investing in Junior ISAs and Junior SIPPs, grandparents can ensure their gifts have a lasting, positive impact on their grandchildren’s financial futures. With careful planning, these gifts can grow tax-free or benefit from government tax relief, maximising their value and providing a substantial financial head start. --- - Published: 2024-07-16 - Modified: 2025-06-03 - URL: https://edale.co/iht-gift-tax-calculator/ function addGift { const gift = document. getElementById('gift'). value; const recipient = document. getElementById('recipient'). value; const date = document. getElementById('date'). value; const value = document. getElementById('value'). value; const trust = document. getElementById('trust'). checked; const table = document. getElementById('giftsTable'). getElementsByTagName('tbody'); const today = new Date; const giftDate = new Date(date); const yearsBetween = (today - giftDate) / (1000 * 60 * 60 * 24 * 365); if (yearsBetween > 7 && ! trust) { return alert('Gifts given more than 7 years ago are not included unless there is a trust. '); } if (yearsBetween > 14 && trust) { return alert('Gifts given more than 14 years ago are not included even if there is a trust. '); } const row = table. insertRow; row. insertCell(0). innerText = gift; row. insertCell(1). innerText = recipient; row. insertCell(2). innerText = date; row. insertCell(3). innerText = value; row. insertCell(4). innerText = yearsBetween. toFixed(2); let taxRate = 0; if (yearsBetween { const dateA = new Date(a. cells. innerText); const dateB = new Date(b. cells. innerText); return dateA - dateB; }); sortedRows. forEach(row => { const value = parseFloat(row. cells. innerText); let taxDue = parseFloat(row. cells. innerText); if (nilRateBandRemaining > 0) { if (value --- > Calculate your disposable income for investments after accounting for expenses. Ensure financial security with an emergency fund. Input your income, savings, and expenses to get started. - Published: 2024-07-08 - Modified: 2024-07-08 - URL: https://edale.co/how-much-can-i-afford-to-invest-per-month/ This tool is designed to help you determine how much disposable income you have available for investment after accounting for your regular and variable monthly expenses. By inputting your monthly gross pay, total cash savings, and various monthly and annual expenses, this calculator will provide you with a clear picture of your financial situation. It also considers your ideal emergency savings pot, which should be 3-6 times your monthly income, to ensure you are financially secure before making investment decisions. Use this calculator to explore the range of income you can comfortably set aside each month for long-term financial growth. let investmentChart; function calculateDisposableIncome { const monthlyGrossPay = parseFloat(document. getElementById('monthlyGrossPay'). value); const cashSavings = parseFloat(document. getElementById('cashSavings'). value); const travelLondon = parseFloat(document. getElementById('travelLondon'). value) || 0; const workDining = parseFloat(document. getElementById('workDining'). value) || 0; const groceries = parseFloat(document. getElementById('groceries'). value) || 0; const utilities = parseFloat(document. getElementById('utilities'). value) || 0; const phone = parseFloat(document. getElementById('phone'). value) || 0; const entertainmentHome = parseFloat(document. getElementById('entertainmentHome'). value) || 0; const pets = parseFloat(document. getElementById('pets'). value) || 0; const charity = parseFloat(document. getElementById('charity'). value) || 0; const transportationFuel = parseFloat(document. getElementById('transportationFuel'). value) || 0; const gadgetsStuff = parseFloat(document. getElementById('gadgetsStuff'). value) || 0; const fitness = parseFloat(document. getElementById('fitness'). value) || 0; const autoMaintenanceBike = parseFloat(document. getElementById('autoMaintenanceBike'). value) || 0; const homeMaintenanceFurnish = parseFloat(document. getElementById('homeMaintenanceFurnish'). value) || 0; const health = parseFloat(document. getElementById('health'). value) || 0; const insurance = parseFloat(document. getElementById('insurance'). value) || 0; const incomeTax = parseFloat(document. getElementById('incomeTax'). value) || 0; const clothing = parseFloat(document. getElementById('clothing'). value) || 0; const gardening = parseFloat(document. getElementById('gardening'). value) || 0; const entertainment = parseFloat(document. getElementById('entertainment'). value) || 0; const gifts = parseFloat(document. getElementById('gifts'). value) || 0; const diningOut = parseFloat(document. getElementById('diningOut'). value) || 0; const vacation = parseFloat(document. getElementById('vacation'). value) || 0; const education = parseFloat(document. getElementById('education'). value) || 0; const badders = parseFloat(document. getElementById('badders'). value) || 0; const slsc = parseFloat(document. getElementById('slsc'). value) || 0; const webHosting = parseFloat(document. getElementById('webHosting'). value) || 0; const audible = parseFloat(document. getElementById('audible'). value) || 0; const professionalSubscriptions = parseFloat(document. getElementById('professionalSubscriptions'). value) || 0; const ynab = parseFloat(document. getElementById('ynab'). value) || 0; const amazonPrime = parseFloat(document. getElementById('amazonPrime'). value) || 0; const totalMonthlyExpenses = travelLondon + workDining + groceries + utilities + phone + entertainmentHome + pets + charity + transportationFuel + gadgetsStuff + fitness + autoMaintenanceBike + homeMaintenanceFurnish + health + insurance + incomeTax + clothing + gardening + entertainment + gifts + diningOut + vacation + education + badders; const totalAnnualSubscriptions = slsc + webHosting + audible + professionalSubscriptions + ynab + amazonPrime; const monthlySubscriptions = totalAnnualSubscriptions / 12; const totalCommitments = totalMonthlyExpenses + monthlySubscriptions; const monthlySavingsNeeded = 3 * totalCommitments; const maxMonthlySavingsNeeded = 6 * totalCommitments; const idealSavingsPotMin = 3 * monthlyGrossPay; const idealSavingsPotMax = 6 * monthlyGrossPay; let disposableIncome; let emergencyFundsStatus; if (cashSavings < monthlySavingsNeeded) { disposableIncome = 0; emergencyFundsStatus = "You need to save more to build your emergency fund to cover living costs. "; } else if (cashSavings >= monthlySavingsNeeded && cashSavings { input. addEventListener('input', calculateDisposableIncome); }); window. onload = calculateDisposableIncome; function exportToPDF { const { jsPDF } = window. jspdf; const resultDiv = document. getElementById('result'); const chartCanvas = document. getElementById('investmentChart'); const resultText = resultDiv. innerText; html2canvas(chartCanvas). then(canvas => { const doc = new jsPDF; const imgData = canvas. toDataURL('image/png'); doc. text("Disposable Income Calculator Results", 10, 10); doc. text(resultText, 10, 20); doc. addImage(imgData, 'PNG', 10, 60, 180, 60); doc. save("Disposable_Income_Calculator_Results. pdf"); }); } document. querySelectorAll('input'). forEach(input => { input. addEventListener('input', calculateDisposableIncome); }); window. onload = calculateDisposableIncome; Budgeting and affordability calculator Monthly Gross Pay (£): Total Cash Savings (£): Regular Obligations (£ per month) Travel to work: Dining Out: Groceries: Utilities: Phone: Entertainment (home): Pets: Regular Discretionary (£ per month) Charity: Leisure Transportation/Fuel: Gadgets & Stuff: Fitness: Variable Obligations (£ per month) Car Maintenance / Bike: Home Maintenance/Furnish: Health: Insurance: Credit card: Variable Discretionary (£ per month) Clothing: Gardening: Entertainment: Gifts: Dining Out: Vacation: Education: Loan repayments: Annual Subscriptions (£ per year) Sports Club Membership: Web hosting: All Streaming Services: Professional Subscriptions: Phone apps: Amazon Prime: Calculate None of your data is stored, so when the window closes, the information is lost. You cannot retrieve it unless you export Print (and save as PDF). Risk Warning:Investing involves risks, including the potential loss of capital. Past performance is not indicative of future results. You should carefully consider your investment objectives, level of experience, and risk appetite before making any investment decisions. It is recommended to seek advice from a qualified financial advisor to understand the risks and ensure the suitability of any investment. Disclaimers: Accuracy of Information: The calculations and information provided by this tool are based on the data entered by the user and are intended for informational purposes only. While efforts are made to ensure accuracy, the tool may not account for all personal circumstances and should not be solely relied upon for financial decisions. Not Financial Advice: The information provided by this tool does not constitute financial advice, investment advice, or any other form of advice. It is general in nature and does not take into account your individual financial situation. For personalized advice, please consult a qualified financial advisor. No Liability: The creators of this tool are not responsible for any losses or damages resulting from the use or misuse of this tool or the information it provides. Users assume full responsibility for their investment decisions. Updates and Changes: Financial markets and personal financial situations are subject to change. The creators of this tool do not guarantee that the information provided will remain accurate or applicable in the future. Use at Own Risk: By using this tool, you acknowledge and agree that you are using it at your own risk and discretion. --- > A collection of real life personal finance case studies from UK residents, people with visa for the UK. expat living abroad, Brits overseas, and American citizens in the UK. Discover diverse financial strategies and solutions for every life stage, from young professionals to retirees to children. - Published: 2024-07-08 - Modified: 2024-07-08 - URL: https://edale.co/personal-finance-case-studies/ We have had a huge range of personal finance enquiries; given that we offer free non-obligation advice, we thought it might help visitors to read some anonymised case studies. Our case studies feature diverse scenarios, including expats living in the UK, Brits overseas, and Americans navigating their finances in the UK. From young professionals starting their financial journey to retirees optimising their savings, and from modest income earners to high-net-worth individuals, each story offers unique insights into managing finances effectively and importantly advice that Edale can provide in these cases. Resources to help you with financial advice and financial planning Book a free no no-obligation financial appointment at times convenient for you. A compilation of free financial calculators involving personal finances, investments, debt, retirement, and more, each with related in-depth information. How Edale provides financial advice and services we offer for individuals, companies and gatekeepers. We offer advice to American citizens in the UK. See what our customers have to say about us. --- > Discover Sharia-compliant investment solutions with Edale We offer ethical and responsible portfolios tailored to Islamic principles, ensuring your investments align with your faith. Start your journey to ethical investing today. - Published: 2024-06-18 - Modified: 2024-06-18 - URL: https://edale.co/wealth-advice/sharia-compliant-investment-and-islamic-financial-advice/ Sharia-compliant investments are governed by Islamic law, offering an ethical alternative for Muslim investors in the UK. These investments align with Islamic principles, excluding sectors such as alcohol, pork, pornography, gambling, and weapons, ensuring ethical and responsible investment choices. We can work directly with clients or in partnership with professionals involved in their finances. With a background in institutional investment management, we bring retail clients a flexible solution with no minimum portfolio size. Our Approach We collaborate with specialist Sharia-compliant fund managers and building Islamic portfolios who follow a rigorous process to ensure all investments adhere to Sharia principles. This includes extensive research, one-on-one meetings with fund managers, and detailed analysis of the fund's investment process, portfolio positioning, and performance. Investment Options Our Sharia-compliant investment portfolios are designed to meet a variety of financial goals while adhering to Islamic principles. Types of Investments Sharia Equities Sukuk Bonds Sharia-approved Commodities Cash Companies Providing Islamic Financial Services Exclusions Government Debt Interest-related Services Companies Involved in Alcohol, Tobacco, Pornography, Gambling, Pork, Weapons Our Sharia-Compliant Investment Solutions We offer a range of portfolios tailored to different risk appetites and investment goals: Portfolio Options Defensive: Modest returns higher than cash, with consistent though constrained capital growth. Cautious: Modest capital growth higher than bond-based returns with a cautious strategy. Balanced: Medium to long-term capital growth, withstanding short-term fluctuations. Growth: Higher capital growth over the medium to long-term with a dynamic strategy. Adventurous: Strong long-term capital growth, with frequent and higher volatility. Before recommending any solution, our advisers assess your risk tolerance through a questionnaire to ensure the chosen portfolio aligns with your investment objectives and risk profile. How to Get Started Invest directly or via an ISA, Junior ISA, Pension, Trust, or Bond. Our advisers are ready to help you choose the most suitable Sharia-compliant investment portfolio. --- > Outline of products available for Americans that are US Citizens in the UK and want to know what financial products they can use. - Published: 2024-06-12 - Modified: 2024-08-22 - URL: https://edale.co/accessible-uk-investment-options-for-us-citizens-expats/ Cash ISA, Stocks and shares ISA and SIPP pension for US citizens in the UK Edale can advise a wide range of tax-efficient wrappers for Americans and US children in the UK. We bust the myth its too complicated. Financial planning and investing as an American expat in the UK need not be overwhelming. By leveraging tax-efficient wrappers, understanding the available investment options, and debunking the myth of complexity, expats can achieve solid financial outcomes for themselves and their families. One key to maximising investment returns for American expats in the UK is understanding the array of available investment options and choosing those that best align with individual financial goals. This may involve diversifying investments across different asset classes or taking advantage of tax-efficient wrappers that can be used through us for US citizens in the UK. Despite common misconceptions, investing as an American expat in the UK doesn't have to be overly complex. By focusing on straightforward and manageable options such as the American Cash ISA, American Lifetime ISA, and American SIPP, expats can build a robust portfolio without getting caught up in unnecessary complications. Managing finances for oneself and for children as American expats in the UK involves a strategic approach to saving and investing. Options such as American Junior ISAs and American Junior SIPPs offer a pathway for young investors to grow their savings in a tax-efficient manner, ensuring financial stability for the future. Navigating tax laws can be intricate, but understanding the basics can greatly simplify the process. It's crucial for American expats to be aware of both UK and US tax obligations to ensure compliance and to optimize their investment strategies. With the right guidance, tax-efficient investment becomes a manageable task. Most common investment option for American Expats in the UK: American Cash ISA (including American Flexible Cash ISA) American Stocks & Shares ISA American Lifetime ISA American SIPP General investment account Most common investment option for American children: American Junior Cash ISA American Junior Stocks & Shares ISA American Junior SIPP Cash ISA for American UK's Cash Individual Savings Account (ISA) are one of the biggest investment products in the UK. Indeed, this is an attractive product for those who are simply looking for a flexible and secure access to their funds. Cash ISAs are almost a core financial product for the UK. ISAs are available for all UK residents and UK-domiciled individuals. So, as long as you live in the UK, you are eligible to access it regardless of your national citizenship. Its individual product providers’ decision that stop Americans from having such product: as Isas are an individual product, it is the institutions which decide to not allowing Americans to access this product, as they are obliged to report to the Americans authorities. Most financial groups do not want to perform this reporting and so they are not authorised to accpet American citizens, as they would be the details about you, including why you are choosing to do business with a non-American institution. arn money without paying tax on it. The annual allowance for UK's Cash ISA is £20,000 per year from Apr to Apr. ISAs are three main types. The (Flexible) Cash ISA allows savers to deposit a big chunk of their money at fixed or variable interest rates. For Americans, UK's Cash ISA offers several advantages. Its main perk is tax-advantaged savings repayment: individuals do not have to pay a single cent of tax at UK's Cash ISA, as every penny they earn from their ISAs is tax free. Another great point about Cash ISAs is that compared to regular savings accounts, their interest rate tends to be more competitive. Hence, Americans will be able to put their money at work and generate more revenue, without having to worry about filling tax forms. I particularly like the flexibility of my UK's Cash ISA: withdrawing my money from the account without losing anything. Purpose: Provide tax-free interest on savings in the UK. Interest is taxed by the IRS. Safe and secure way to save money Easy access to funds Returns: Occasionally Fixed but most commonly variable interest rates Tax-free interest in the UK. Generally lower returns compared to investment products Risk Level: Low risk No risk of losing the principal amount Accessibility: Easy access to funds (subject to account terms) No penalties for withdrawals Flexible savings options Contribution Limits: £20,000 per year Contributions can be made in lump sums or regular payments Limits reset annually on April 6th Management: Managed by the account holder or financial adviser Minimal management required Can be opened with banks, building societies, or credit unions if already have a current account Cash ISA with Edale's selected financial product provider typically pays a higher interest rate than banks Stocks and Shares ISA for American A Stocks and Shares ISA (Individual Savings Account) is a type of money wrapper in the UK that might be new to Americans. It’s somewhat analogous to US retirement savings accounts such as Roth IRAs or brokerage accounts, but also unique to the UK and its tax system. What is a Stocks and Shares ISA? An individual savings account that can be used for investing tax-free of UK taxes. Why are they called stocks and shares ISAs? Generally speaking, ‘stocks’ in the UK are interchangeable with ‘shares’. The term ‘shares’ may suggest equity-only investments (shares being a fixed amount of equity of a company), but you could buy bonds through these ISAs, too. Thus account is a tax-free investment wrapper suitable for UK residents/ domiciled people to invest in the stock market. The Stocks and Shares ISA allows you to invest with any profit made within the ISA not counted towards your UK income tax or capital gains tax annual allowance. Unlike some US retirement accounts, there are no penalties when money is removed from a Stocks and Shares ISA, although once funds have been withdrawn they cannot be put back in the same tax year when the annual allowance has been reached. Purpose: Provide tax-efficient investment growth Invest in a range of assets (stocks, bonds, funds) Long-term investment strategy Returns: Potential for higher returns compared to cash savings Dividends and capital gains are tax-free Dependent on market performance Risk Level: Medium to high risk Subject to market volatility Potential for loss of capital Accessibility: Easy access to qualifying investments that comply with UK rules and US tax regulations (subject to account terms) Withdrawals can be made without penalties Flexibility to invest and withdraw as needed Contribution Limits: £20,000 per year Contributions can be made in lump sums or regular payments Limits reset annually on April 6th Management: Can be self-managed or managed by a financial advisor Requires ongoing monitoring and decision-making Can be opened with investment platforms or financial institutions that accept US Persons (not many are available), or by selecting Edale to advise you Lifetime ISA for American A Lifetime ISA is an investment and savings product in the UK specifically designed to help you save for two goals: to buy your first home and to save for your retirement. You can receive tax incentives and bonuses through this product. It is designed for UK residents. A Lifetime ISA, or LISA for short, is a tax-advantaged savings account available to anyone living in the UK who is between 18 and 39 years old. The unique selling point of a Lifetime ISA is the 25 per cent government bonus on your contributions. For every pound of savings, the government will add an extra 25p. You can bank up to £4,000 per tax year, which would yield a maximum government bonus of £1,000 per year. Like all ISAs, money inside the Lifetime ISA is invested tax-free, meaning that it avoids tax on interest, dividends or capital gains. Of course, the LISA’s attractive terms should not blind you to a key feature of it: the penalty for early withdrawal. You have to be quite sure that the bonus funds will go towards one or other of the goals that the Government has set for them – buying a first home, or getting us through later life – before you commit to a LISA. Purpose: Help save for first home purchase or retirement Provide government bonus on contributions Encourage long-term savings Returns: Cash or stocks & shares options Government bonus of 25% on contributions (up to £1,000 per year) Tax-free growth Risk Level: Varies based on investment choice (low for cash, higher for stocks & shares) Stocks & shares option subject to market risks Cash option offers lower risk but also lower returns Accessibility: Accessible for first home purchase (up to £450,000) or at age 60 You must be 18 or over but under 40 to open a Lifetime ISA Penalty for withdrawals for other purposes (25% charge) Government bonus returned if withdrawn early Contribution Limits: £4,000 per year Contributions eligible for 25% government bonus Limits reset annually on April 6th Management: Can be managed by the account holder or financial advisor Requires consideration of investment choices Can be opened with banks, building societies, or investment platforms that allow US Persons. Edale can advise on such a platform. American SIPP A Self-Invested Personal Pension (SIPP) is a personal retirement savings vehicle in the UK, which gives you control over what you can invest in, and what you do with your contributions. For Americans, a SIPP might be something like a traditional IRA mashed up with a self-directed IRA. All contributions you make to a SIPP are eligible for tax relief: the government adds 20% onto your contributions automatically if you’re a basic-rate taxpayer and (typically) higher and additional-rate taxpayers can claim this tax relief back via their tax return. That could make the effective cost of your contributions lower. Your SIPP investments grow tax-free, giving them more time to compound through interest, dividends and capital gains. You can start drawing on your SIPP aged 55 (rising to 57 in 2028), with up to 25 per cent available as a tax-free lump sum, and the remaining 75 per cent withdrawable as a taxable income – either all at once, in stages, or used to buy an annuity (a regular payment for life). A SIPP is a great retirement savings vehicle that gives us citizens resident in the UK a product to take charge of their financial life a low-cost, tax-efficient and flexible way to accumulate wealth for what lies ahead. Purpose: Provide tax-efficient retirement savings Allow flexible investment choices Encourage long-term growth for retirement Returns: Dependent on investment performance Tax-free growth within the pension Potential for long-term growth Risk Level: Medium to high risk Subject to market fluctuations Investment choices affect risk level Accessibility: Not accessible until age 55 (rising to 57 from 2028) Funds locked until retirement age No withdrawals allowed before the stipulated age Contribution Limits: Up to £60,000 per year (2023/24 tax year) Tax relief on contributions (up to 100% of earnings) Annual allowance limits apply Management: Can be self-managed or managed by a financial advisor Requires active management and investment decisions Available from pension providers and financial institutions that allow US Persons. Edale can advise on such a platform. General Investment Account A General Investment Account (GIA) is a basic, no-frills investment wrapper available in the UK, which allows an investor to pick and choose investments to build a portfolio without the freedom limitations or tax-advantaged benefits of a specialist account, such as an ISA or pension. An American analogue would be a standard taxable brokerage account. Cash from a General Investment Account can be swept into ISAs and SIPPS at the start of an annual tax year to optimise your use of allowances in the UK. A General Investment Account (‘GIA’) are more formally known as ‘non-tax advantaged investments’ in the United Kingdom. Any income generated by money placed in GIAs or any capital gains generated by GIAs will be subject to income tax or capital gains tax, respectively. Cash from a General Investment Account can be swept into ISAs and SIPPS at the start of an annual tax year to optimise your use of allowances in the UK. GIAs can be set up as joint accounts, so several people can pool their money and investment methods, for example couples or siblings. Purpose: Provide flexible investment options No tax-free allowances Suitable for additional investments outside of ISAs and pensions Returns: Dependent on investment performance Subject to capital gains tax and dividend tax Potential for higher returns compared to cash savings Risk Level: Medium to high risk Subject to market volatility Potential for loss of capital Accessibility: Easy access to funds No restrictions on withdrawals Flexibility to invest and withdraw as needed Contribution Limits: No annual contribution limits No tax-free allowances Unlimited investment potential Management: Can be self-managed or managed by a financial advisor Requires ongoing monitoring and decision-making Available from pension providers and financial institutions that allow US Persons. Edale can advise on such a platform. Cash Junior ISA for American child A Cash Junior ISA (Individual Savings Account) is a tax-advantaged savings account for children in the UK. The account can be set up by parents or a guardian who can save money on behalf of their child and receive the added benefit of tax-free interest. For Americans, this investment tool might be a bit like a custodial savings account, albeit with differences related to how the UK’s tax system works. It is similar to other Individual Savings Accounts (ISA) in that it pays tax-free interest on the amount deposited in the account. The JISA is a long-term savings vehicle: the money in the account is locked away until the child’s 18th birthday. A Cash JISA allows you to build a savings pot for your child’s education or their first home or other purposes. Since any interest on the amount is tax-free in the UK, your child enjoys the full benefit of the savings. The maximum amount you can contribute to a Junior ISA each year is £9,000 in the 2023/24 tax year. This limit is across all Junior ISAs, so if a child has both a Cash Junior ISA and a Stocks and Shares Junior ISA, the amount contributed collectively by you towards both children’s accounts cannot be more than £9,000. An American Cash Junior ISA is a family-friendly way for everyone involved with the child to contribute to his or her future. Purpose: Allows saving money in the form of cash. Interest: Earns tax-free interest, similar to a standard savings account. Risk Level: Low risk as the capital is secure (subject to the solvency of the bank or building society). Accessibility: The funds are locked until the child turns 18, except in exceptional circumstances. Contribution Limits: There is an annual limit on how much can be contributed. For the tax year 2024/2025, this limit is £9,000. This limit is shared between any Cash and Stocks & Shares Junior ISAs the child might have. Stocks & Shares Junior ISA for American child A Stocks and Shares Junior ISA (Individual Savings Account... --- - Published: 2024-05-15 - Modified: 2024-05-15 - URL: https://edale.co/youth-people/ This page contains a video presentation for a tender for Royal Museums Greenwich. Protected Area This content is password-protected. Please verify with a password to unlock the content. Enter your password Unlock --- > Edale's commitment to social value and impact is reflected in our Social Value Strategy, which enhances community engagement, promotes sustainability, and supports local employment and diversity. - Published: 2024-04-19 - Modified: 2024-11-27 - URL: https://edale.co/socialimpact/ Edale has a robust history of creating and sustaining social impact through our business practices. Our commitment spans various aspects, from environmental responsibility and support for the next generation to fostering a diverse and inclusive workplace. Existing Social Impact Practices at Edale: Community Investment and Interaction: Our initiatives such as the January clean desk policy (giving things to charity during a new year clearout) and charity work exemplify our commitment to giving back to communities both locally and globally. We support economic activity in remote areas by enabling remote work, reducing economic disparities. Supporting the Next Generation: Edale actively invests in the future by hiring graduates, offering internships, and facilitating extended work experiences for international students. This not only aids in skill development but also ensures that new talents are nurtured in a real-world environment. Equality, Diversity, and Inclusion: We maintain a flat hierarchy and ensure equal pay across genders and races. Our employment policies are flexible, allowing us to cater to a diverse workforce while also accommodating their personal needs, thus fostering an inclusive culture. Recycling and Waste Reduction: Our office practices, such as using delivery boxes as recycling bins and banning paper cups, underscore our commitment to minimizing waste and promoting sustainability. Local Employment and Flexible Working Conditions: We offer local employment opportunities with flexible working conditions, allowing community members to balance personal responsibilities with professional obligations effectively. Social Value Strategy for new contracts we undertake Local Employment Strategy: We focus on hiring local talent to support regional development and incorporate local insights into our projects. Benefits: This enhances economic growth within the community and enriches our evaluations with diverse, regional expertise. Apprenticeship Opportunities Strategy: In collaboration with local universities, we offer apprenticeship opportunities to students, allowing them to gain practical experience. Benefits: This initiative helps students develop professional skills and improves their employability. Equality, Diversity, and Inclusion Strategy: Our teams reflect a diverse mix of backgrounds, promoting an inclusive culture that values different perspectives. Benefits: This diversity ensures a richer analysis and more comprehensive understanding in our evaluations. Recycling and Waste Reduction Strategy: We implement stringent recycling policies and minimize waste by favoring digital over paper-based methods and reducing unnecessary travel. Benefits: Reduces our carbon footprint and promotes sustainability within the project scope. Community Investment and Interaction Strategy: We actively engage with local businesses and community groups to align our project goals with community needs. Benefits: Ensures that our projects are relevant and beneficial to the local community and stakeholders. Opportunities for Local Students Strategy: We create roles for local students within our projects, providing them with real-world experience and networking opportunities. Benefits: Supports educational development and integrates fresh ideas and perspectives into our work. Continuous Improvement Strategy: Our social value impacts are monitored through regular reviews, allowing us to adapt and improve our strategies continually. Benefits: Ensures that our social value commitments are met and maximized throughout the project lifecycle. Young people as peer researchers Strategy: training and support for groups of young people to design their own research projects, conduct fieldwork, and analyse their findings. Benefits: benefit both the young people by increasing their self-confidence and them feeling that their views matter, and the researchers by enriching their insight into young people's needs and perspectives. --- > As a US person in the UK, learn about transferring your persons, ISA and other accounts seamlessly. - Published: 2024-04-02 - Modified: 2024-04-02 - URL: https://edale.co/consolidating-your-isa-sipp-and-other-accounts-to-edale-a-guide-for-us-persons-living-in-the-uk/ - Categories: ISAs for Americans - Tags: Americans in the UK, cross-border financial planning, managing ISAs in the UK, US tax compliance As a US person residing in the UK, managing your investment accounts, such as ISAs (Individual Savings Accounts) and SIPPs (Self-Invested Personal Pensions), can be a complex endeavour, especially when navigating the intricacies of cross-border financial regulations. If you're considering a more streamlined approach to your investments, consolidating your accounts with Edale could be a strategic move. Here's why transferring your ISA, SIPP, or other financial accounts to Edale may be beneficial, especially if you're grappling with dissatisfaction with your current investment manager or advisor or finding the self-management of your accounts overly complicated. Why Consider Consolidating Your Accounts? 1. Simplified Management Managing multiple accounts across different platforms or providers can be cumbersome. Consolidation allows you to have a unified view of your investments, making it easier to track performance, assess asset allocation, and make informed decisions. 2. Cost Efficiency Multiple accounts often mean multiple sets of fees. By consolidating, you might reduce the total fees you're paying, which can have a significant impact on your investment growth over time. 3. Strategic Asset Allocation Having all your investments under one roof allows for a more coordinated approach to asset allocation, ensuring that your investment strategy aligns with your financial goals, risk tolerance, and time horizon. 4. Streamlined Tax Reporting For US persons in the UK, tax reporting is already a complex task. Consolidating accounts can simplify this process, making it easier to track and report your investments for both US and UK tax purposes. Forced situation to move accounts because you are an American In the UK, a significant number of product providers have specific policies that restrict US passport holders from opening an account. This restriction is largely due to the complex cross-border regulatory requirements and the stringent reporting obligations imposed by the United States on its citizens, regardless of their residence. The Foreign Account Tax Compliance Act (FATCA), for example, mandates foreign financial institutions to report the financial accounts held by US taxpayers to the IRS. Due to these regulatory complexities and the potential for hefty penalties, many UK investment platforms and financial institutions prefer to err on the side of caution by disallowing US passport holders from opening or maintaining stocks and shares ISAs under their policies, thus limiting investment options for Americans residing in the UK. Some former product providers are now closing accounts for US Persons. We accept US Persons (i. e. US citizens and/or US residents) to open an account and transfer an existing ISA or existing SIPP to us - the transfer can usually be stock or cash to prevent realising gains or losses. Why Choose Edale for Your Consolidation? Whole of Market Access Edale provides access to a wide range of investment options across the entire market. This unrestricted access ensures that you can choose from the best available investments to suit your individual needs and goals. No Minimum Portfolio Size Edale stands out by not imposing a minimum portfolio size, making it an inclusive option for investors at various stages of their financial journey. Whether you're just starting or looking to consolidate a substantial portfolio, Edale accommodates your needs. Tailored for US Persons in the UK Understanding the unique financial landscape for US persons living in the UK, Edale offers services specifically tailored to navigate the complexities of cross-border financial planning, ensuring compliance and optimization for both US and UK tax implications. Personalised Service Edale believes in providing personalized advice and service, ensuring that your investment strategy is customized to your individual circumstances, goals, and risk tolerance. How to Get Started with Consolidating Your Accounts to Edale Assessment: Begin with a comprehensive assessment of your current investment portfolio, including ISAs, SIPPs, and other accounts, to understand your current financial landscape. Consultation: Engage with Edale to discuss your financial goals, preferences, and any concerns you might have about your current investment strategy or provider. Transfer Process: Edale will guide you through the process of transferring your accounts, which involves coordinating with your current providers to move your assets securely and efficiently. Strategy Development: Once your accounts are consolidated, Edale will work with you to develop a tailored investment strategy that aligns with your objectives and risk tolerance. Ongoing Management: With your accounts under Edale's management, you'll receive ongoing support, monitoring, and adjustments to your investment strategy as needed, ensuring that your portfolio continues to align with your evolving financial goals. Conclusion For US citizens living in the UK, consolidating your ISA, SIPP, and other investment accounts to Edale offers a strategic solution to simplify your investment management, optimize your financial strategy, and ensure compliance with complex cross-border tax regulations. With its whole-of-market access and no minimum portfolio size, Edale provides a flexible and inclusive platform to support your financial journey in the UK. --- > Explore how young adult American or parents of US children can use a Lifetime ISA (LISA) to save efficiently for a first home in the UK or help their children secure their future - Published: 2024-03-19 - Modified: 2024-10-16 - URL: https://edale.co/how-americans-can-use-a-lifetime-isa-lisa-to-save-for-their-first-home/ - Categories: Expat financial advice, ISAs for Americans - Tags: American expats in the UK, cash LISA options, comprehensive LISA guide for US persons., cross-border tax implications, efficient investment strategies for expats, enhancing savings for home purchase, financial advice for American expats, financial planning for expatriates, first-time homebuyer savings, flexible savings options, government bonus for LISAs, ISA contributions and limits, Lifetime ISA benefits, LISA as a retirement savings tool, LISA eligibility and withdrawal terms, LISA for American first-time buyers, LISA for property purchase, LISA investment choices, long-term growth potential, maximizing LISA benefits, navigating PFIC rules, optimizing US-UK financial planning, property price cap for LISA, retirement savings with LISA, stocks and shares LISA, strategic saving for dual citizens, tailored financial planning, tax-efficient saving strategies, understanding ISA tax implications, US persons saving in the UK, US-UK dual citizens Are you an American living in the UK, dreaming of owning your first home but struggling to find the right saving strategy? The Lifetime ISA (LISA) might be the solution you're looking for. This innovative financial product is designed to help savers accumulate funds in a tax-efficient manner while also offering attractive bonuses for long-term savings. In this article, we'll explore how a LISA can be a game-changer for US passport holders aiming to buy their first property in the UK. American buying a property in the UK For Americans considering buying property in the UK or parents aiming to support their young adult children in saving for their first home purchase, considering a lifetime ISA is an core option. For parents, contributing to a LISA on behalf of their children can be a strategic move, leveraging the benefits of tax efficiency and government bonuses to build a substantial nest egg. This approach not only fosters financial prudence in young adults but also sets a solid foundation, enabling them to step onto the property ladder with confidence. Whether you are a US-UK dual citizen looking to buy a house in the UK or a parent planning for their child's future, the key lies in informed decision-making and strategic planning, ensuring the journey towards property ownership is as smooth and successful as possible taking advantage of UK tax schemes. What is a Lifetime ISA (LISA)? A Lifetime ISA is a type of savings account available to individuals in the UK that allows for tax-free savings and investments from the UK perspective. While traditionally associated with the UK, the concept can be adapted for American savers if they want a manner to save a deposit for a property purchase. Usually, most US Persons are told to stay away from ISAs, but with the right adviser, that naive, short-sighted tip can be seen as misleading. A lifetime ISA encourages saving by offering a government bonus on contributions, with the funds being accessible for specific purposes like purchasing a first home. The LISA is a UK savings account with a dual purpose: saving for retirement and buying a first home. While the US doesn't have an exact equivalent, understanding its features can inspire strategies for American savers. Key Features of a LISA for Americans: Tax Efficiency: Like a Roth IRA, contributions to a LISA are made with after-tax cash, but the growth and withdrawals are tax-free in the UK. This feature makes LISA an attractive option for long-term savings. Government Bonus: Imagine a system where for every pound you save, the government adds a 25% bonus each year up to a maximum limit each year. This bonus significantly boosts your savings, accelerating your journey toward homeownership. Use for First-Time Home Purchase: One of the most appealing features of a LISA is the ability to use the funds towards the purchase of your first home. This aligns perfectly with the goals of many young Americans saving to step onto the property ladder. How Can a LISA Benefit American First-Time Homebuyers? Accelerated Savings: The government bonus acts as an additional incentive, helping your savings grow faster than in a standard savings account. Flexibility: While the primary goal is to assist in buying a first home, LISA offers flexibility in how the funds can be used, providing a safety net for other life events. Long-Term Growth: The tax-free growth potential of a LISA means that your investments can compound over time, leading to substantial savings. Product Outline for an American LISA: Eligibility: Available to individuals aged 18 to 40, encouraging young Americans in the UK to save early. Contribution Limits: Set an annual contribution limit that is incentivized with a government bonus. Withdrawal Terms: Funds can be withdrawn tax-free when used for a first-time home purchase. Early withdrawals for other purposes may incur penalties, encouraging savers to stay focused on their long-term goals. Investment Options: Offer a range of investment choices, from conservative to aggressive, allowing savers to tailor their LISA to match their risk tolerance and financial goals. Cap on Maximum property price: The Maximum House Price that a LISA can be used for is £450,000. This means you can only use your LISA to save for a deposit on a house valued at £450k or less. It's not required that you buy a £450K house with your Lifetime ISA; it's the top limit. The LISA can also be used as a savings account towards retirement too. We help lots of young professionals using LISA. We also have parents helping their children to save by contributing to a LISA for their kids. Lawrie Chandler, Financial and Wealth Expert for Americans in the UK Read out customer ratings. Free IFA Appointment for US Person A Financial Investment Advisor for US Citizens in the UK Book Appointment Benefits for US/UK Dual Citizens Dual Citizens Embracing LISA: For US/UK dual citizens, a Lifetime ISA (LISA) appeals for first time buyers. Dual citizens can leverage the LISA's benefits to fund their first home purchase, whether they're eyeing a quaint cottage in the English countryside or a bustling city apartment. The LISA's flexible nature makes it an ideal savings vehicle, catering to the unique financial landscapes of dual countries and those starting out on the savings journey. Navigating Tax Implications: It's crucial for US/UK dual citizens to understand the tax implications of a LISA in both jurisdictions. While the account offers tax-free growth and withdrawals in one country, the dual citizen must consider the tax treatment in the USA to optimise their savings strategy and avoid unexpected tax liabilities. The U. S. treats an ISA just like any other taxable account, meaning you are subject to U. S. income and capital gains tax on all activity within the ISA. Tailored Financial Planning for Dual Citizens: Financial planning for dual citizens should incorporate strategies that maximize the benefits of a LISA while navigating the complexities of cross-border taxation. Professional advice is often essential to tailoring a plan that aligns with the individual's goals, whether they're saving for a home in the UK or the US or considering future mobility between the two. Expatriates and the LISA Advantage: American expatriates living in the UK can find in LISA a powerful tool for purchasing their first home abroad. The account's structure supports their savings endeavours, providing a familiar and efficient way to grow your funds. A Lifetime ISA (LISA) can be in the form of cash or stocks and shares. For a cash-based LISA, there's no need for Passive Foreign Investment Company (PFIC) reporting. However, if it's a stock and share-based LISA, certain investments might be classified as PFIC, but we simplify that by ensuring investments are IRS efficient and compliant to prevent the Passive Foreign Investment Company (PFIC) rules from applying. Conclusion The Lifetime ISA's adaptability makes it a standout choice for a wide array of savers, including US/UK dual citizens and American expatriates. Its structure caters to the unique financial journeys of individuals navigating the complexities of saving and buying their first home. By embracing a LISA, Americans in the UK can enjoy a tailored saving experience, one that acknowledges their unique status and supports their goal of homeownership, wherever they choose to call the UK home longterm or short-term. LISA Home Deposit Calculator Estimated Property Price (£) Lump Sum Investment (£) (Max £4,000 per year) Monthly Savings (£) (Max £333 per month) The total of Lump Sum and Monthly Savings cannot exceed £4,000 per year. Years of Saving Select years 1 Year 2 Years 3 Years 4 Years 5 Years Calculate Summary table of key features of a Lifetime ISA (LISA) FeatureDescriptionEligibilityAvailable to UK residents aged 18-39. Annual Contribution LimitYou can contribute up to £4,000 per tax year. Government BonusThe government adds a 25% bonus to your contributions (up to £1,000 per year). Bonus Payment TimingThe bonus is paid monthly, based on your contributions during that month. Investment OptionsYou can hold your LISA in either cash (similar to a savings account) or stocks and shares (investment account). PurposeCan be used for purchasing a first home (property value up to £450,000) or for retirement after age 60. First-Time Home Buyer UseLISA savings can be used to buy your first home if the property value is no more than £450,000. Withdrawal ConditionsWithdrawals are allowed for first-home purchase or retirement after age 60. Early withdrawals for other reasons incur a 25% penalty on the withdrawn amount. Maximum Property PriceThe home purchased using LISA savings must not exceed £450,000 in value. Penalty for Early WithdrawalIf you withdraw funds for purposes other than buying a home or after the age of 60, a 25% penalty applies (effectively losing your government bonus). Tax-Free SavingsContributions, growth, and withdrawals from a LISA are tax-free. Age Limit for OpeningMust be opened between the ages of 18 and 39, but contributions can continue until age 50. Lifetime ContributionYou can contribute up to £128,000 over the lifetime of the LISA, earning up to £32,000 in government bonuses. Use for RetirementIf not used for a home, the savings can be accessed tax-free after age 60, with all growth and bonuses retained. Table of Key Features of LISA Key features of a LISA, highlighting its benefits for first-time home buyers and retirement savers, as well as the penalties for early withdrawals. Book an appointment to discuss a LISA for you function validateInputs { const propertyPrice = parseFloat(document. getElementById('propertyPrice'). value); const lumpSum = parseFloat(document. getElementById('lumpSum'). value); const monthlySavings = parseFloat(document. getElementById('monthlySavings'). value); const savingYears = document. getElementById('savingYears'). value; const calculateBtn = document. getElementById('calculateBtn'); const errorMessage = document. getElementById('errorMessage'); const totalSavingsPerYear = (monthlySavings ? monthlySavings * 12 : 0) + (lumpSum || 0); // Validate total savings does not exceed £4000 per year if (totalSavingsPerYear > 4000) { errorMessage. classList. remove('hidden'); calculateBtn. style. display = 'none'; return; } else { errorMessage. classList. add('hidden'); } // Check if all fields have valid inputs and the rule is satisfied if (propertyPrice && lumpSum >= 0 && monthlySavings >= 0 && savingYears) { calculateBtn. style. display = 'block'; } else { calculateBtn. style. display = 'none'; } } function calculateLISA { const propertyPrice = parseFloat(document. getElementById('propertyPrice'). value); const lumpSum = parseFloat(document. getElementById('lumpSum'). value); const monthlySavings = parseFloat(document. getElementById('monthlySavings'). value); const savingYears = parseInt(document. getElementById('savingYears'). value); const lisaLimit = 4000; // Annual LISA contribution limit const bonusRate = 0. 25; // 25% bonus rate from the government const interestRate = 0. 04; // 4% interest per year const maxPropertyPrice = 450000; // Maximum property price for LISA to be applicable // Calculate total savings (lump sum + monthly) const totalMonthlySavings = monthlySavings * 12 * savingYears; const totalSavings = lumpSum + totalMonthlySavings; // Limit contributions by LISA cap and apply government bonus const maxLISAContribution = Math. min(totalSavings, lisaLimit * savingYears); const bonus = maxLISAContribution * bonusRate; const totalWithBonus = maxLISAContribution + bonus; // Calculate growth over time (4% cash growth assumed) let totalWithInterest = lumpSum; for (let year = 0; year < savingYears; year++) { totalWithInterest += monthlySavings * 12; totalWithInterest *= (1 + interestRate); } const totalSavingsGrowth = totalWithInterest + bonus; // Calculate the required deposit (5% of the property price) const requiredDeposit = propertyPrice * 0. 05; // Calculate percentage of deposit covered const depositPercentage = (totalSavingsGrowth / propertyPrice) * 100; // Calculate the growth percentage of savings (total growth with interest and bonus) const savingsGrowthPercentage = ((totalSavingsGrowth - totalSavings) / totalSavings) * 100; // Display results document. getElementById('result'). innerHTML = ` Estimated Property Price: £${propertyPrice. toLocaleString} Total Lump Sum + Monthly Savings: £${totalSavings. toLocaleString} LISA Contributions (up to £${lisaLimit} per year): £${maxLISAContribution. toLocaleString} Government Bonus (25%): £${bonus. toLocaleString} Total Savings with Growth (4% per year + Bonus): £${totalSavingsGrowth. toLocaleString} Required 5% Deposit: £${requiredDeposit. toLocaleString} Total Deposit Covered: ${depositPercentage. toFixed(2)}% of the property price Growth of Savings: ${savingsGrowthPercentage. toFixed(2)}% `; if (depositPercentage >= 5) { document. getElementById('result'). innerHTML += `Congratulations! You have enough for at least a 5% deposit. Speak to us to start your LISA. `; } else { document. getElementById('result'). innerHTML += `Ideally you need to save more to get a 5% deposit. Consider additional savings options if you are maximising your LISA. Speak to us about LISA and other savings account that could suit you. `; } } Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? --- > Craft a strategic retirement plan with our Pension Drawdown Calculator. Gain control over your pension pot, explore income flexibility, and visualize your financial future under various scenarios. Perfect for those looking to optimize their retirement savings and understand the impact of their decisions on their long-term financial health. - Published: 2024-03-12 - Modified: 2024-03-12 - URL: https://edale.co/advanced-pension-drawdown-calculator/ Planning for retirement can often feel like navigating uncharted waters. With so many variables at play, finding a tool that simplifies this complex process is invaluable. That's why we're excited to introduce our cutting-edge Pension Drawdown Calculator, designed to empower you in crafting a secure and flexible retirement strategy. Discover the Power of Control: Our Pension Drawdown Calculator is more than just a tool; it's your gateway to taking charge of your retirement savings. With this calculator, you gain unparalleled control over how your pension pot is invested and managed. By inputting your specific details, you can visualize how different strategies affect your pension's longevity and growth. Tailor Your Retirement Income: Flexibility is at the heart of successful retirement planning. Our calculator enables you to adjust your withdrawal rates, helping you find the perfect balance between maintaining your lifestyle and ensuring your funds last. Whether you're looking to maximize growth or create a steady income stream, our tool adapts to your unique goals. Combat Inflation with Smart Planning: Inflation can erode your purchasing power over time, but our Pension Drawdown Calculator is designed to help you stay one step ahead. By illustrating how your pension can grow and suggesting adjustments, the tool assists in safeguarding your retirement against the creeping effects of inflation. Leave a Legacy: One of the standout features of our calculator is its ability to show you how your pension can serve as a legacy for your next of kin. Understanding how your drawdown strategy affects the funds you leave behind is crucial, and our tool provides clear insights into how you can maximize this benefit. Embark on Your New Career with Confidence: For those considering a career shift later in life, like moving into nutrition and therapy, our calculator offers a valuable perspective on how this change can impact your retirement finances. While establishing a new career might mean a temporary dip in income, our tool helps you plan effectively, ensuring you can pursue your passions without compromising your retirement security. Conclusion: Our Pension Drawdown Calculator isn't just about numbers; it's about giving you the confidence to make informed decisions about your retirement. By understanding the nuances of pension drawdowns and having a tool that responds to your individual needs, you're better equipped to secure a retirement that's not only financially stable but also aligned with your lifestyle and aspirations. Look at different scenerios: Ready to take control of your retirement planning? Try our Pension Drawdown Calculator today and start shaping your future with confidence. Whether you're fine-tuning your current strategy or embarking on a new career path, our tool is here to guide you every step of the way. Pension Withdrawal Calculator Pension Pot (£): Annual Inflation Rate (%): Results Table showing annual and cumulative income with remaining pension pot under different scenarios Year Annual Income (£) Cumulative Income (£) Scenario A Remaining Pot (£) Scenario B Remaining Pot (£) Scenario C Remaining Pot (£) document. addEventListener('DOMContentLoaded', function { let chart; function calculate { var initialPensionPot = parseFloat(document. getElementById('pensionPot'). value); const withdrawalRate = 0. 04; var inflationRate = parseFloat(document. getElementById('inflationRate'). value) / 100; var years = 30; var pensionPotA = initialPensionPot, pensionPotB = initialPensionPot, pensionPotC = initialPensionPot; var dataA = , dataB = , dataC = ; var table = document. getElementById("resultsTable"); while (table. rows. length > 1) { table. deleteRow(1); } for (let year = 1; year --- > UK advice on QROPS for expatriates: bring back to uk. Understand basics, transfers, and common queries. Plain English advice on overseas pensions and planning. - Published: 2024-02-23 - Modified: 2025-03-20 - URL: https://edale.co/navigating-qrops-help-and-guidance/ Crossborder pensions come in different shapes and sizes. QROPS is an aged pension offering not used as much for new business these days. Many expatriates find returning their Qualifying Recognised Overseas Pension Scheme (QROPS) to a UK-based Self-Invested Personal Pension (SIPP) to be a practical choice if they have moved back to the UK or want better cost-effective retirement plans. This document provides an extensive breakdown of both the process and benefits while highlighting important considerations. Migrating to a UK SIPP via QROPS delivers multiple advantages such as cost reductions, better regulatory safeguards, tax advantages, and increased investment choices. Before starting the transfer process, you must perform complete due diligence and get expert financial advice while evaluating all relevant aspects. Understanding what a QROPS is and is past Introduced in April 2006 as part of the UK's pension simplification initiative, QROPS allow individuals who have left or are planning to leave the UK to transfer their pension benefits to a compliant scheme overseas. While the benefits are clear, the rules governing QROPS are stringent and regularly updated, making the process of transferring and managing these pensions a nuanced affair. A QROPS is an overseas pension scheme that meets certain requirements set by the UK's HM Revenue & Customs (HMRC). These schemes allow for the transfer of UK pension benefits to a pension scheme outside the UK, providing the scheme complies with HMRC rules. The most common questions about QROPS Questions about Qualifying Recognised Overseas Pension Schemes (QROPS) are common among UK expatriates and those considering living abroad. The intricacies of pension management across borders can be complex, so here are answers to some frequently asked questions regarding QROPS: 1. What is a QROPS? A Qualifying Recognised Overseas Pension Scheme (QROPS) is an overseas pension scheme that meets specific requirements set by UK tax laws. It allows individuals who have left the UK or are planning to leave to transfer their UK pension benefits to an overseas scheme without incurring an unauthorized payment charge, provided the scheme complies with HMRC rules. 2. Who can benefit from transferring to a QROPS? QROPS can benefit UK expatriates or any individual who has accumulated pension savings in the UK but intends to retire abroad. It's particularly advantageous for those who plan to reside outside the UK for the long term, as it may offer tax efficiencies, currency flexibility, and potentially wider investment choices. 3. How do I know if my pension can be transferred to a QROPS? Most defined contribution pensions can be transferred to a QROPS. However, state pensions and some defined benefit schemes cannot be transferred. It's essential to consult with a financial adviser to understand the specifics of your pension and the transferability to a QROPS. 4. What are the tax implications of transferring to a QROPS? Tax implications can vary depending on your country of residence, the QROPS jurisdiction, and the amount being transferred. While a QROPS transfer can offer tax advantages in some cases, it may also expose you to tax charges, such as the overseas transfer charge if you transfer your pension and then move to another country within five years. Consulting with a tax adviser familiar with both UK and international pension tax laws is crucial. 5. Is there a charge for transferring to a QROPS? The UK introduced an overseas transfer charge of 25% on QROPS transfers for individuals not residing in the European Economic Area (EEA) or moving their pension to a QROPS outside the EEA, with certain exceptions. Additionally, the transferring and receiving schemes may have their own fees for handling the transfer. 6. Can I transfer my pension back to the UK from a QROPS? Yes, it's possible to transfer your pension back to a UK-registered pension scheme from a QROPS. This process involves similar considerations as transferring out, including checking the transferability, understanding any charges or tax implications, and ensuring the UK scheme accepts the transfer. 7. How do I choose a QROPS provider? Selecting a QROPS provider should be based on several factors including the regulatory environment of the jurisdiction, the investment options available, the provider's fees and charges, and the tax implications for your country of residence. It's advisable to conduct thorough research and consult with a financial adviser who has expertise in QROPS. 8. What happens to my QROPS if I move back to the UK? If you return to the UK, your QROPS will still be subject to UK tax rules regarding pension income. You may also face the overseas transfer charge retrospectively if you transferred your pension and then move back to the UK within five years of the transfer. Planning and advice are essential if you're considering moving back to the UK. 9. Can I take a lump sum from my QROPS? Yes, many QROPS allow for lump-sum withdrawals, often referred to as Pension Commencement Lump Sum (PCLS). The amount you can withdraw tax-free may vary depending on the QROPS jurisdiction and the rules of the specific scheme. 10. How does inheritance work with a QROPS? QROPS can offer more flexibility than UK pensions in terms of passing on your pension to your heirs, potentially allowing for more tax-efficient estate planning. The specifics will depend on the QROPS jurisdiction and the rules of the scheme. QROPS vs SIPP QROPS: Under HM Revenue & Customs (HMRC) specified conditions UK pension funds can move to an overseas pension scheme without facing unauthorised payment charges. SIPP: This UK-based pension plan provides members with enhanced flexibility for selecting investments and choosing options beyond what standard workplace pensions offer. Reasons to Transfer from QROPS to SIPP Cost Reduction: QROPS tend to have higher management and administrative fees which can go above 5% per year. SIPPs generally charge lower fees which makes them a cost-effective option for transferring pension funds. Regulatory Protection: The UK's Financial Conduct Authority (FCA) regulates SIPP providers who are also protected by the Financial Services Compensation Scheme (FSCS), which acts as a safeguard for users in case their provider goes into financial trouble. Tax Efficiency: The UK's double tax treaties with over 130 nations ensure your SIPP withdrawals are tax efficient with your country of residence, which prevents double taxation. Investment Flexibility: SIPPs offer a wide selection of investment choices such as mutual funds, ETFs, investment trusts, direct shares and bonds to help create customized investment plans. Considerations Before Transferring QROPS Scheme Eligibility: Ensure your QROPS appears on HMRC's recognised overseas pension scheme notification list during the transfer. Receiving Scheme Acceptance: UK pension schemes have varying policies regarding acceptance of overseas pension transfers. You must ensure that your selected SIPP provider permits transfers from overseas pensions. Potential Tax Implications: The majority of pension transfers are exempt from tax but some transactions may attract fees. When a transfer surpasses your allowable overseas transfer limit, the amount exceeding the limit will be subject to a 25% tax charge. Enhanced Lifetime Allowance: Moving your pension from a QROPS into a UK scheme will increase your lifetime allowance which can lead to more tax-free pension savings. Steps to Transfer from QROPS to SIPP Consult a Financial Adviser: Work with a UK-regulated financial adviser who specializes in pension transfers to evaluate the suitability and consequences of the transfer. Verify QROPS Status: Make sure your existing QROPS scheme has HMRC recognition to prevent unauthorized payment penalties. Choose a Receptive SIPP Provider: Find a SIPP provider capable of handling overseas pension transfers while meeting your investment requirements. Initiate the Transfer: The transfer process requires you to fill out the forms from both your existing QROPS and the selected SIPP provider. The process typically involves: Providing detailed information about your existing QROPS. Completing transfer request forms. Ensuring compliance with both jurisdictions' regulatory requirements. Monitor the Transfer Process: Regular communication with both pension providers will help you handle the transition smoothly while allowing you to resolve any problems quickly. Addressing Mis-Sold QROPS You have several choices if you think your QROPS was mis-sold due to excessive fees, inappropriate investment options, or deceptive advice. Seek Legal Advice: Seek advice from legal experts who specialize in pension mis-selling to evaluate possible compensation claims. Transfer to a SIPP: A UK-based SIPP offers increased regulatory protection and possibly reduced fees when you transfer your pension there. Transferring your QROPS in the UK Transferring your QROPS (Qualifying Recognised Overseas Pension Scheme) back to the UK can be a strategic move for those who have moved abroad and then decide to return to the UK or simply wish to consolidate their pensions. This process involves moving your pension savings from an overseas pension scheme back into a UK-registered pension scheme. Here are key steps and considerations to navigate this process effectively: 1. Assess Your Reasons for Transferring Back Understanding why you want to transfer your QROPS back to the UK is crucial. Common reasons include returning to live in the UK, seeking to consolidate pensions for simplicity, or preferring the regulatory environment of the UK for pension savings. Each scenario has its own set of considerations, particularly concerning tax implications and access to pension benefits. 2. Consult with a Financial Adviser Before making any decisions, it's highly recommended to consult with a financial adviser who has expertise in cross-border pension transfers. They can provide personalized advice based on your financial situation, including the implications of transferring your pension back to the UK, tax considerations, and how the transfer aligns with your retirement planning. 3. Choose a Suitable UK Pension Scheme You'll need a UK pension scheme willing to accept the transfer. Not all UK pension schemes accept transfers from QROPS, so it’s important to research and find a compatible scheme. This could be a personal pension, a self-invested personal pension (SIPP), or an occupational pension scheme, depending on your circumstances. 4. Understand the Tax Implications Transferring your pension back to the UK can have significant tax implications, including potential charges or relief depending on the size of your pension and your tax residency status. For example, if your pension savings exceed the UK's Lifetime Allowance (LTA), you may be liable for tax charges. Consulting with a tax adviser who understands both the UK and the jurisdiction of your QROPS is essential. 5. Obtain Transfer Values and Information Contact your QROPS provider to request a current transfer value and details about any exit charges, restrictions, or loss of benefits resulting from the transfer. This information will be crucial for making an informed decision. 6. Complete the Transfer Process The process involves completing paperwork for both your QROPS provider and the receiving UK pension scheme. This typically includes a transfer request form from the UK scheme and discharge forms from the QROPS provider. Your financial adviser can guide you through this process to ensure all requirements are met. 7. Consider the Timing Timing can be a critical factor, especially if you're planning around the tax year end or aiming to minimize any market impact on your pension assets during the transfer. Work with your advisers to choose an optimal time for the transfer. 8. Regularly Review Your Pension Once your pension is transferred back to the UK, regular reviews with your financial adviser are advisable to ensure your pension investments align with your retirement goals and risk tolerance. The UK pension landscape and tax legislation can change, potentially affecting your retirement planning. Considerations and Risks Regulatory Differences: Be aware of the differences in regulation and protection between the jurisdiction of your QROPS and the UK. Taxation: Understand both the immediate and long-term tax implications of transferring your pension back to the UK. Investment Options and Fees: Compare the investment options and management fees between your QROPS and the receiving UK pension scheme. A UK adviser for QROPS Choosing a UK adviser for managing your Qualifying Recognised Overseas Pension Scheme (QROPS) is a critical step in ensuring that your retirement savings are optimized for your circumstances, compliant with the regulations, and aligned with your financial goals. Here’s how to go about finding and selecting the right UK adviser for your QROPS: 1. Understand Your Needs Before seeking out an adviser, clearly outline what you're looking for in terms of financial guidance. Consider your current financial situation, your retirement goals, and any specific concerns you have regarding your QROPS. This clarity will help in finding an adviser whose expertise aligns with your needs. 2. Look for Specialization Given the complexity of QROPS, it's crucial to find an adviser who specializes in international pensions and has a deep understanding of the nuances involved in QROPS management. Advisers with a focus on expatriate finances and international pension transfers will be more equipped to navigate the complexities of cross-border regulations. 3. Check Credentials and Experience Evaluate potential advisers based on their qualifications and experience. Look for professionals with relevant credentials such as Chartered Financial Planner status in the UK or other recognized financial planning qualifications. Experience in handling QROPS for clients with similar backgrounds or in your specific country of residence is also important. 4. Understand the Regulatory Compliance Ensure that any adviser you consider is properly regulated and authorized to give financial advice in the UK and in the jurisdiction of your QROPS. In the UK, financial advisers should be registered with the Financial Conduct Authority (FCA). This provides a level of security and recourse should you need it. 5. Assess Their Approach to Investment Different advisers may have different approaches to investment. Some may prefer a more conservative approach, while others might be more aggressive. Discuss their investment philosophy and strategies to ensure they align with your risk tolerance and financial goals. 6. Consider Communication and Service Levels Good communication is key to a successful adviser-client relationship. Consider how often they will review your financial plan, their availability for queries, and the level of detail they provide in their communications. It’s important that you feel comfortable with how your adviser communicates and services your account. 7. Inquire About Fees Understand how the adviser is compensated. Some advisers charge a flat fee, others a percentage of assets under management, and some may receive commissions from financial products they recommend. Transparent and fair fee structures are crucial for a trusting relationship. 8. Get References and Testimonials Ask for references or testimonials from current or past clients, especially those in a similar situation as yours. This can provide insights into the adviser's expertise, reliability, and client service quality. 9. Schedule a Consultation Finally, schedule a consultation (often offered for free) to discuss your needs and get a feel for the adviser’s competence and compatibility with your financial goals. This is also a great opportunity to ask any questions and clarify any doubts you may have. --- - Published: 2024-02-22 - Modified: 2024-06-10 - URL: https://edale.co/what-should-i-do-with-my-brite-advisor-investments/ - Categories: Brite Advisors - Tags: Brite Advisors People with investments and cash with Brite Advisors Pty Ltd or their other entities (for example, Brite Advisors Hong Kong Limited, THE BRITE ADVISORS SA (PTY) LTD, Brite Advisors USA, Inc. ) may be wondering what to do with their pensions and investments. The main message from the liquidators and receivers is to direct messages through your trustee or product provider, if you are not aware of them you can contact the liquidators and receivers directly. We have tried to answer financial planning questions to help trustees and individuals with questions. Information was updated on 8 March 2024. Receivers and Managers of Brite Advisors' latest action was to file an application with the Federal Court of Australia to appoint an interim fund manager. This action aims to manage risks, preserve assets, and protect beneficiaries' interests related to the client assets under management held in trust. we have updated out FAQ with questions related to this activity. As an expat financial adviser based and regulated in the UK this information is provided to assist any investor that may have questions. Book Appointment Here are some resources that may be helpful: ASIC provides regular updates on this matter on its Brite Advisors Key Matters page. contacted by email at Brite. Investigation@asic. gov. au. Information from the liquidators and receivers is available at https://www. mcgrathnicol. com/creditors/brite-advisors-pty-ltd/ or by email at briteadvisors@mcgrathnicol. com (this website says the information is only for creditors and shareholders). Here our our news pages with updates that are helpful. Each question is clickable to expand to show the corresponding answer. The information provided in this document is based on the interpretation of legal documents, court orders, and reports filed by McGrathNicol as receivers and managers of Brite Advisors Pty Ltd. While every effort has been made to ensure accuracy and clarity, interpretations may vary, and there may be nuances in the documents that require further legal or professional analysis. Recipients of this information should exercise caution and consider seeking independent legal or financial advice to clarify any specific questions or concerns they may have. Edale and its representatives cannot be held liable for any inaccuracies, omissions, or misinterpretations arising from the use of this information. Frequently Asked Questions What should I do about my Brite Advisor account? In light of the situation involving Brite Advisors Pty Ltd being placed into liquidation and the suspension of transfers in or out of the platform, investors should consider taking the following steps: Stay Informed: Keep abreast of the latest developments and updates provided by regulatory authorities, such as the Australian Securities & Investment Commission (ASIC) and the Securities and Exchange Commission (SEC). Assess Options Carefully: While transfers away from the Brite platform are currently suspended, investors should carefully consider their options once the suspension is lifted. This may involve seeking alternative advisers or platforms, but caution is advised to avoid falling prey to unsuitable advisers looking to take advantage of the situation. Seek Professional Advice: Given the complexities surrounding QROPS, SIPPs, and other investment vehicles, it's crucial for investors to seek professional financial and tax advice from qualified and regulated advisers. Local tax advice should be obtained before making any decisions, especially regarding transfers and potential tax implications. Review Investment Strategy: Take the opportunity to review your investment strategy in light of the current circumstances. Consider factors such as risk tolerance, investment objectives, and diversification to ensure your portfolio remains aligned with your financial goals. Monitor Progress: Keep track of the progress of the receivership process and any updates provided by relevant authorities. Stay vigilant for any communication from Brite Advisors or the appointed receivers regarding the status of your investments and any further actions required on your part. By staying informed, seeking professional advice, and carefully evaluating their options, investors can navigate this challenging situation with greater confidence and protect their financial interests to the best of their ability. What are the Key Updates from the Liquidation Process? The latest update from McGrathNicol on the Brite Advisors Pty Ltd situation, as of February 2024, emphasizes ongoing discrepancies in investment valuations, with a significant variance identified between reported and verified client assets under management. Efforts to reconcile these differences continue, alongside the investigation into transactions involving related parties and the management of client assets What protections are in place to protect client funds held by Brite Advisors? To protect client funds held by Brite Advisors, the Court granted asset preservation orders, restricting any dealings with Brite Advisors' assets, including client assets under management (AuM), without further court orders. These measures ensure that the Receivers are the only authorized persons to manage the assets during the receivership, safeguarding the investments for the benefit of the beneficiaries. This legal framework aims to maintain the integrity and security of client funds throughout the investigation and receivership process. Who is involved and what are their roles? The main parties involved are ASIC (Australian Securities and Investments Commission), which initiated the court action due to concerns about Brite Advisors' financial management; McGrathNicol, with Linda Smith and Rob Kirman appointed as the Receivers to manage Brite Advisors' assets and conduct investigations; and Brite Advisors itself, the company under investigation. ASIC is responsible for regulatory oversight, McGrathNicol's Receivers handle the recovery and protection of assets, and Brite Advisors is the entity under scrutiny for its financial practices and management of client funds. As an investor with Brite Advisors how am I classed? You are a beneficiary. In the context of Brite Advisors and the receivership situation, "beneficiaries" refers to individuals or entities who have a vested interest in the funds or assets managed by Brite Advisors. These beneficiaries could include investors in pension schemes, superannuation funds, or other investment products offered by Brite Advisors. They are essentially the clients or investors whose money is being managed and for whom the receivers are working to secure and potentially recover assets. What is the latest findings as at feb 2024? As of February 2024, the latest findings from McGrathNicol, the appointed receivers and managers of Brite Advisors Pty Ltd, include several key points: Client AuM Variance: An initial report by the Receivers identified a variance of US$69. 1 million between the client assets under management (Client AuM) reported on the Brite Advisors Salesforce platform and the verified Client AuM as of November 9, 2023. This variance remains unreconciled and is subject to further investigation and recovery. Return of Client AuM in IBHK Accounts: Approximately AU$129 million in Client AuM was divested from Brite Advisors' Interactive Brokers Australia (IBA) accounts into cash and transferred to an HSBC account in Hong Kong held by Brite Hong Kong Limited (Brite HK). Orders from the Court required the return of these funds to Brite Advisors' IBA accounts, with AU$115. 8 million returned in December 2023. The directors have not provided a full accounting for these funds while in the custody of Brite HK. Related Party Transactions: Investigations indicate that net funds of approximately $91. 4 million have been advanced to multiple related parties of Brite Advisors since FY16. These transactions primarily involve payments of expenses and liabilities of related entities and transfers of cash recorded through a related party loan account. The nature of these payments to related entities is under further investigation. Interactive Brokers Credit Facility: Funds totaling US$5 million were paid from Brite Advisors' accounts in partial repayment of the US$10 million IB Credit Facility, of which Brite Advisors is a Guarantor. Additionally, interest payments totaling US$1. 4 million were paid from Brite Advisors' accounts in respect of the IB Credit Facility. Acquisition Investigations: The Receivers have identified several acquisitions made by members of the Brite Group since 2018. Investigations suggest that payments for at least 10 acquisitions may have been made from Client AuM or funds borrowed using Client AuM as security. Further examination is ongoing to determine any claims by Brite Advisors and/or the underlying beneficiaries in respect of these acquisitions. Further Investigations into Property: The Receivers have identified an additional 59 over-the-counter assets listed in AutoRek, not held in IBA accounts. Communication with third parties is underway to determine the scope of these assets within the Receivers' appointment. These findings highlight the ongoing complexity and scope of the receivership process, as McGrathNicol continues to investigate and manage the affairs of Brite Advisors in accordance with the Court Orders and regulatory requirements. What happens if there is a deficiency in the funds, and not all beneficiaries can be fully compensated? If there is a deficiency in the funds and not all beneficiaries can be fully compensated, the Receivers will distribute the available assets according to legal priorities and the directives provided by the court. This process typically involves a pro-rata distribution where each beneficiary receives a portion of their investment based on the available funds. The specific approach to handling deficiencies and compensations will be determined by the Receivers and may be subject to court approval to ensure fairness and compliance with legal requirements. Can I switch my investment or pension scheme to another provider during this process? During the receivership process, the ability to switch your investment or pension scheme to another provider may be significantly restricted, especially if your assets are subject to court orders or if the Receivers have imposed specific controls over withdrawals and transfers. Generally, such actions require approval from the Receivers, who are acting to preserve and protect assets according to the court's directives. It's best to directly contact the Receivers for specific guidance based on your situation and any legal constraints in place. How much money is missing from client accounts? The Receivers' initial report identified a variance of approximately US$69. 1 million between the client assets under management (AuM) reported on the Brite Advisor Salesforce platform and the verified client AuM as of 9 November 2023. This discrepancy, representing about a 10% variance from available records at the time, is under further investigation to reconcile the reported figures with the actual holdings. Are there any other financial discrepancies? Yes, the Receivers identified several financial discrepancies in addition to the variance in client AuM. These include net funds of approximately $91. 4 million advanced to related parties of Brite Advisors since FY16, transactions that are under further investigation. There were also payments related to an Interactive Brokers (IB) Credit Facility, including a partial repayment of US$5 million and interest payments totaling US$1. 4 million, which were paid from Brite Advisors’ accounts. Additionally, several acquisitions made by members of the Brite Group are suspected to have been funded using Client AuM or loans secured against it. What is the withdrawal process? The withdrawal process, as outlined by the Receivers, involves beneficiaries submitting requests through their pension scheme administrators or directly to the Receivers if no administrator is involved. Withdrawals must not reduce the beneficiaries' total investment value below a certain threshold and must have been regular withdrawals as of a specified date. The Receivers assess requests based on these criteria, and full surrenders or lump sum withdrawals outside of these conditions are not considered. This ensures that withdrawals align with legal and financial guidelines set forth by the court. What is the timeline of events? Here's a concise timeline based on the provided information: October 2023: ASIC commences court action against Brite Advisors due to concerns about the unknown financial position and unreported value of client funds under management. 2 November 2023: Brite files its financial statements for the year ended 30 June 2022, which are subject to a qualified opinion regarding the funds under management. 13 December 2023: Court appoints Linda Smith and Robert Kirman from McGrathNicol as receivers following a hearing that revealed discrepancies in reported client funds. 22 January 2024: ASIC files an application to wind up Brite and appoint the receivers as liquidators, with a hearing scheduled for 6 February 2024. This timeline highlights the key legal actions and developments leading up to the potential winding up of Brite Advisors. What corporate trustees are linked? Based on conversations with clients and some public domain research we believe the members are likely to be linked to pensions, QROPS, etc with some of the following corporate trustees: STM Malta Pension Services Limited Each of these trustees should be able to proviude you with information. We shall update this list as we learn more. Are current valuations accurate and can I get an updated valuation? The current valuations of Brite Advisor investments have been identified to have significant discrepancies. A US$69. 1 million variance between the client assets under management (Client AuM) reported on the Brite Advisor Salesforce platform and the verified Client AuM as of November 9, 2023, has been discovered. This discrepancy has not been reconciled yet due to several challenges: Beneficiary positions disclosed on Salesforce may not accurately reflect the actual underlying investments held by Brite Advisors or the amounts outstanding to Interactive Brokers Australia (IBA), where Client AuM has been used as security. Incomplete information has been provided by the Directors regarding certain assets, including Client AuM not held by IBA. Corporate Trustees have not been able to advise on amounts owing to underlying beneficiaries, necessitating a thorough reconciliation at the beneficiary level, which has not occurred due to incomplete contact details for beneficiaries. Access to data systems has been constrained, particularly access to the Salesforce system, which the Receivers are in the final stages of negotiating. These constraints have hampered detailed investigations and reconciliations. Given these challenges, accurate and updated valuations are not currently available. The Receivers are working towards gaining access to necessary information and systems, including Salesforce, to conduct detailed investigations and reconciliations. Once these are completed, more accurate valuations can be provided. Beneficiaries are advised to stay updated through communications from the Receivers and McGrathNicol for any developments regarding valuations . Can creditors of Brite Advisors make a claim on the investment assets? No, creditors of Brite Advisors cannot make a claim on the investment assets managed on behalf of beneficiaries. The Trust Assets, which include client assets under management (AuM), are subject to the Receivers’ appointment and are specifically protected from being distributed to the general creditors of Brite Advisors. The liquidation process for Brite Advisors addresses only the assets and liabilities that the company holds in its own right, not those it holds in any trustee capacity. Therefore, the client AuM, or any assets held in trust, cannot be used to satisfy claims by non-trust creditors. This legal structure ensures that the assets managed on behalf of beneficiaries are safeguarded from claims by Brite Advisors' general creditors, emphasizing the separation between company assets and client-managed funds . What happened in the Court Hearing in February? During the court hearing on February 6, 2024, significant orders were made by Justice O'Sullivan in Adelaide, affecting the proceedings surrounding Brite Advisors Pty Ltd. The court vacated paragraph 1 of the orders made on December 13, 2023, and made amendments to ensure that Linda Smith and Robert Kirman of McGrath Nicol, as the appointed Liquidators and Receivers, could perform... --- - Published: 2024-02-21 - Modified: 2024-02-21 - URL: https://edale.co/understanding-an-insurance-unit-linked-savings-plan-commitment-and-product-simplification/ Unit-linked savings plans are a type of investment that combines savings with life insurance. These plans are tied to various units of investment funds, such as stocks, bonds, or other securities, which means their value can fluctuate based on the performance of these assets. Understanding unit-linked savings plans, especially the concept of surrender value, is crucial for making informed financial decisions. Here's a breakdown aimed at those with limited financial experience: What are Unit-Linked Savings Plans? Unit-linked savings plans (ULSPs) are financial products offered by insurance companies. They provide policyholders with the dual benefits of investment and insurance cover. When you invest in a ULSP, a portion of your premiums goes towards life insurance, while the rest is invested in various financial instruments. The choice of investment can range from conservative bonds to more aggressive stocks, depending on your risk appetite and financial goals. How Do They Work? When you pay your premium, the insurance company deducts some charges for life cover (insurance part) and invests the remaining amount in the investment fund you've chosen. Each premium payment buys units of the fund at the current market rate. Over time, the value of these units can increase or decrease based on the fund's performance, which, in turn, affects the value of your investment. Understanding Surrender Value Surrender value is a term that often comes up in discussions about ULSPs. It refers to the amount you would receive if you decide to exit the plan before the maturity date. The surrender value is crucial because it directly impacts the liquidity and flexibility of your investment. There are typically two types of surrender values: Guaranteed Surrender Value: This is the minimum amount guaranteed by the insurance company if the policy is surrendered after a specific period, usually after 2-3 years of continuous premium payment. This value is a percentage of the premiums paid minus any charges. Non-Guaranteed Surrender Value: This value is determined by the performance of the investment fund. If the market performs well, the surrender value can be significantly higher than the guaranteed amount. Factors Affecting Surrender Value Several factors can influence the surrender value of a ULSP, including: Market Performance: The value of the units linked to the investment fund can go up or down based on market conditions. Charges: Various charges are deducted from your premium before investment, such as administration fees, fund management fees, and insurance charges. These reduce the amount available for investment, thus affecting the surrender value. Duration of Investment: Generally, the longer you stay invested, the higher the potential surrender value, as the impact of charges diminishes over time, and the investment has more time to grow. Why Surrender Value Matters Understanding the surrender value is essential for several reasons: Financial Planning: Knowing the potential surrender value helps in planning your finances and understanding how much you could get back if you need to access your funds prematurely. Investment Decision: It helps in assessing the flexibility and suitability of a ULSP for your financial goals, especially if you're unsure about locking in your money for a long term. Risk Assessment: Understanding the factors affecting surrender value can help you gauge the risk involved in the investment component of a ULSP. Understanding Unit-Linked Savings: A Motorway Journey Analogy When it comes to saving and investing, unit-linked savings plans can be a bit of a puzzle for those new to the financial world. Let's simplify this by comparing it to something more familiar – a journey on a motorway. This analogy will help you understand the concept of unit-linked savings, focusing on the surrender value, contract period, and bonuses. The Journey Begins: Entering the Motorway Imagine you're setting off on a long journey along a motorway. This motorway represents a unit-linked savings plan. When you enter, you're committing to travel towards your long-term financial goals, like retirement savings or a future investment. The fuel for your journey? Your premium payments, which are invested in various funds, akin to choosing different routes or lanes that might offer a smoother ride or scenic views. Staying the Course: The Contract Period The contract period of your policy is like committing to stay on the motorway for a predetermined length. This commitment is crucial because it's designed to take you to your destination (financial goal) with maximum efficiency. Exiting the motorway before reaching your intended exit (ending your policy prematurely) can come with costs, similar to paying a toll for leaving early. These costs are known as surrender charges, and they're in place because the plan is structured to reward long-term investment, much like a motorway is designed for long-distance travel, not short exits. The Costs of Exiting Early: Surrender Value If you decide to exit the motorway early, you receive what's known as the surrender value of your policy. Think of it as being refunded part of your tolls, but not all. This value is what the insurance company will pay you if you decide to terminate your policy before it matures. It's typically less than what you might have received at the end of your journey because of the costs associated with early exit, such as administrative fees and the lost potential for growth. Fuel Top-Ups Along the Way: Bonuses As you travel along the motorway, the insurance company might add bonuses to your policy, similar to receiving top-ups to your fuel tank. These bonuses are additional investments made by the insurance company to your fund, rewarding you for staying on the motorway. They can significantly enhance the value of your savings, especially over a long journey. Navigating Your Journey Wisely Just like planning a long motorway journey, selecting the right unit-linked savings plan involves understanding the routes (investment options), the length of your journey (contract period), and the potential costs and benefits along the way. Being aware of the surrender value is crucial, as it informs you about the financial implications of exiting your journey early. Similarly, bonuses provided by the insurance company can serve as a significant incentive to stay the course, helping to fuel your journey towards your financial destination. In summary, unit-linked savings plans are like motorway journeys toward your financial goals. Understanding the contract period, surrender value, and potential bonuses can help you navigate this journey more effectively, ensuring you reach your desired destination with your finances in good shape. Just as with any journey, careful planning, understanding the costs of early exit, and appreciating the benefits of staying the course are key to a successful trip. --- > A compilation of free financial calculators involving personal finances, investments, debt, retirement, and more, each with related in-depth information. - Published: 2024-02-19 - Modified: 2024-07-08 - URL: https://edale.co/financial-calculators/ A compilation of free financial calculators involving personal finances, investments, debt, retirement, and more, each with related in-depth information. Budgeting and affordability calculator A tool designed to help you determine how much disposable income you have available for investment after accounting for your regular and variable monthly expenses. This basically answers the question, "How much can I afford to invest each month? ". By inputting your monthly gross pay, total cash savings, and various monthly and annual expenses, this calculator will provide you with a clear picture of your financial situation. It also considers your ideal emergency savings pot, which should be 3-6 times your monthly income, to ensure you are financially secure before making investment decisions. Use this calculator to explore the range of income you can comfortably set aside each month for long-term financial growth. Pension Tax Relief Calculator: Maximize Your Savings Planning for retirement just got easier! Discover how much you can save with our Pension Tax Relief Calculator. This user-friendly tool helps you understand the real cost of your pension contributions after tax relief. Whether you're a basic rate taxpayer or pay tax at a higher rate, see how the government's contributions can boost your pension savings. If you're in Scotland, we've got you covered with specific calculations for Scottish tax bands. Ready to maximize your retirement savings? Start calculating your pension tax relief now and make the most of your future. Pension drawdown calculator Pension Drawdown Calculator is an invaluable tool for those seeking a sustainable approach to managing their retirement finances. Usinf the Sustainable Withdrawal Rate strategy. The calculator allows you to input the size of the pension pot, an annual withdrawal rate of 4%, and an inflation level. It then displays a table and a graph showing the income each year in £ and the size of the remaining pension pot under three different investment return scenarios: ISA to IRS Reporting Calculator Demystifies the complexity of U. S. tax reporting for individuals with UK ISAs, streamlining the process to make it more accessible. Without delving into the dense IRS guidelines, the calculator simplifies tax obligations through a series of straightforward questions tailored to your financial situation, residency, and filing status. --- > Use our Pension Tax Relief Calculator to effortlessly understand how tax relief can reduce the cost of your pension contributions. Tailored for UK and Scottish taxpayers, it shows government top-ups and potential higher-rate claims. Start planning a financially secure retirement today. - Published: 2024-02-19 - Modified: 2024-04-02 - URL: https://edale.co/pension-tax-relief-calculator-maximise-your-savings/ - Categories: ISAs for Americans - Tags: Americans in the UK, Cash ISA advice, cross-border financial planning, expat investment tips, financial advice for American expats, IRS regulations for expats, ISA contribution limits, ISA guide, ISA investment strategies, ISA tax implications, managing ISAs in the UK, maximizing ISA benefits, Stocks and Shares ISA, tax-efficient saving, UK savings accounts for US citizens, understanding PFIC, US tax compliance Discover how contributing to your pension could be more affordable than you anticipate, thanks to the benefits of tax relief. The government generously provides a basic rate tax relief boost on your contributions, making your pension investment stretch further. For individuals under 75 and residing in the UK for tax purposes, this means significant savings. For instance, if you contribute £8,000 to your pension, the government will enhance your investment with an additional £2,000, elevating your total contribution to £10,000. Those paying taxes at higher rates have the opportunity to claim additional relief through their tax returns. How to Calculate Your Pension Tax Relief Simply input your annual earnings and the desired total pension contribution. Our calculator will precisely determine the amount you need to contribute, the tax relief you will receive from the government, and any extra amount you could reclaim if you're in a higher tax bracket. For Scottish taxpayers, it's crucial to indicate if you pay income tax in Scotland by selecting the appropriate option. This ensures the calculator accurately reflects the specific tax bands and rates applicable to you, providing tailored results. Start planning for your future today by calculating how pension tax relief can benefit you. Pension Contribution Calculator with Auto-Update and Tax Bands UK Pension Contribution Calculator Gross Contribution: GBP Total Income: GBP Lives in Scotland Results: Personal: £0. 00 Gov: £0. 00 Extra Relief: £0. 00 document. getElementById('grossContribution'). addEventListener('input', calculateRelief); document. getElementById('totalIncome'). addEventListener('input', calculateRelief); document. getElementById('isScotland'). addEventListener('change', calculateRelief); function calculateExtraTaxRelief(grossContribution, totalIncome, isScotland) { var taxRate; if (isScotland) { if (totalIncome --- > Expert US/UK cross-border financial advice for Americans in the UK. Tailored wealth, retirement, and divorce planning services. - Published: 2024-02-19 - Modified: 2025-01-02 - URL: https://edale.co/american-citizens-living-in-the-uk/ At Edale, we meet the unique needs of our clients and help them with financial matters. From retirement planning to sustainable investing, and from estate planning to specialised advice for Americans living in the UK, our comprehensive services are designed to secure your financial future. Our Services Include: Wealth Management Retirement Planning Sustainable Investing Estate and Tax Planning Cash Flow Forecasting Services for Americans Living in the UK For Americans Living in the UK Do you have connections to the USA while living in the UK? Our expert team offers independent financial advice to navigate the complexities of investing across borders. Whether you hold a US passport or a green card or file taxes in the USA, we're here to guide you through the intricate landscape of UK investments with US considerations in mind. Difficulties for US citizens living in the UK to invest? American expats in the UK—or anywhere else abroad—find they have little investment advice available. A number of different forces serve to limit both services and choices. For many Americans living abroad, investment options are particularly difficult to explore for the same reasons (and more): the restrictions on tax treatment, the peculiar tax status of some investment vehicles, and the additional ‘tax’ penalties served up by laws such as FATCA. Companies such as Edale recognise the need for services directed to US citizens living overseas and have developed service lines targeted at this group. For example, they offer a product line of investments compliant with US tax laws and are ready to produce the required reporting to satisfy the IRS and most client situations, whether for a spouse, child or family member. Key Challenges for U. S. Citizens Abroad. 1. U. S. Tax Reporting Requirements: Under the USA Citizen vbased tax regime, US citizens must file taxes and report annual world-wide income, some of which can be stunningly complex even if no US tax is due, and FBAR (Foreign Bank Account Report) must be completed for foreign bank accounts with sums over $10,000 at any time during the tax year. 2. Investment Restrictions:US citizens are restricted from the types of investments they can own. The most common investments in the UK – unit trusts and OEICs (Open-Ended Investment Companies) – are often considered Passive Foreign Investment Companies (PFICs) by the IRS, which means they are taxed on a punitive basis and require higher taxes for US investors and an increased amount of reporting. Additionally any US Broker Account holdings can be punatively taxed by the UK requivilent of the Passive Foreign Investment Companies (PFICs). So holding a US account while in the UK is not always always wise. Getting a financial checkup can assist. 3. FATCA Compliance:FATCA forces foreign financial institutions to declare the identity of US persons to the IRS; in the name of ‘fighting tax evasion’. Given the additional tax compliance isues, many foreign banks and other investment firms now shun US clients altogether. US citizens abroad often struggle to find ways to engage with financial institutions with this blanket rule because of citizenship. Edale has US citizens with investment accounts to help them invest and save while in the UK. 4. Increased Costs and Limited Access:By exerting ever-increasing reporting burdens, the US has made it expensive for normal people to be US citizens and get access to suitable financial services. Americans abroad typically face higher costs and have fewer options when compared with their non-US counterparts. Positively we are able to get over these hurdle without prohibitive costs totto the clients. Show moreShow less Professional services to support US/UK Citizens when investing1. Professional Tax Advice:Since the US + UK tax regime can be quite complicated for anyone to fully understand, US citizens abroad should consider getting the assistance of combined expert -someone knowledgeable in IRS and HMRC taxes or two specialists: one knowledgeable in US tax and one in UK tax. Such help will prevent expensive mistakes and keep you in compliance. There are different service provides from full on tax calculation to advisory depending ont he level of assistance you require. 2. Investment and financial practitioner:Investments can be a maze, opaque and difficult to navigate even for those that are involved in financial services as a profession. Experts in other fields can find it total stressful. An experienced Financial Advisor should be able to creae the peace of mind and also give you a solution that fits your needs. Show moreShow less US/UK Financial Expertise The team at Edale and financial advisor, Lawrie Chandler, bring years of experience in advising on US/UK cross-border investments. With a network of investment professionals at our disposal, we ensure your portfolio is compliant with US regulations, tailored for Americans living in the UK and accessing the best options for Financial Advice Through Life’s Milestones Life is full of significant events and transitions. Whether you're starting a family, changing careers, planning for retirement, or navigating the financial implications of divorce, Edale provides expert advice tailored to your life stage and events, including specialized support for Americans in the UK. Navigating Financial IMpacts of Divorce for Americans in the UK Divorce can significantly impact your financial assets. Divorce is a complicated and emotionally draining process. Americans living in the UK need to consider the intricate financial landscapes of both countries; seeking professional financial advice is invaluable for American citizens going through a divorce in the UK. Financial advisors can help individuals understand the implications of living in a different tax jurisdiction, support financial assets, and plan for long-term financial stability. Additionally, they can offer guidance on dividing assets that are not straightforward, such as foreign investments or pensions tied to both countries. Our team offers tailored advice to protect your assets and ensure compliance with both US and UK regulations during a change to personal circumstances. Why use a financial adviser as US/UK citizen? Bespoke Financial Planning: Tailored advice that aligns with your personal goals and life stages. Cross-Border Expertise: Specialised knowledge in navigating US/UK financial complexities. Comprehensive Services: From wealth management to estate planning and beyond, we've got you covered. Client-Centric Approach: Your financial well-being is at the heart of everything we do. Very quick to respond & helpfulI pretty much had my questions answered within 3 emails. Great service. ThomasExcellent Service Highly RecommendLawrie was absolutely fantastic with helping me manage my SAYE transfer with very little hassle or worry. There are a lot of companies out there who only focus on high net worth individuals or charge an arm and a leg to help regular people, but Edale is not one of them. This company is committed to helping regular folk build wealth at a reasonable price and I’m thankful for that. PreciousVery knowledgeable, great experience with EdaleI had a chat with Lawrie today. Very lovely to chat to and clearly knows his stuff. He gave me some good advice and I really appreciated it. Would definitely recommend him and Edale in the future. AdamGenuine Concern EasedI had a call with Lawrie to discuss my retirement funding and challenges being a dual UK US citizen. His insight was keen, knowledgeable and helpful. We decided it was a bit early for me so I’ll be calling him closer to my retirement date in 2027. I felt no pressure and he was genuine in his advice. GreggGreat meeting! Lots of information and questions answered around FIG regime and PFICs. Really helpful consultation. KiranBringing clarity to UK/US retirement questionsI had an incredibly positive experience working with Edale to navigate the complex world of UK/US cross-border financial planning, especially as it relates to investing for retirement. As a dual UK/US citizen married to a fellow dual citizen, and having lived in the UK since 2010, I was overwhelmed with how to most tax-efficiently invest for retirement given our mix of accounts in both the US (IRAs and Roth IRAs) and the UK (SIPP, employer pension, and USS). Thankfully, Edale provided clarity and guidance on every front. JesseEverything I needed! I found Edale online as I had discovered how difficult it was to find a financial advisor able to advise me because of my USA citizenship. Lawrie was just the ticket – a straight talking, forward thinking Financial Advisor with a depth of understanding around the tax implications of various investment vehicles as it related to expat Americans. His solutions were inventive and right away I made a huge financial win that would have otherwise passed me by! I highly recommend! KellySuper speedy and extremely helpful response! I had a pressing query about US/UK banking and received a speedy (same evening! ) extremely helpful response. Thank you so much! FrevisseReally helpful 121 consultationReally appreciated the 121 consultation with Lawrie who provided helpful information and considerations as a US Citizen residing in the UK. Lawrie patiently answered our specific questions as a young couple (myself American and husband British), provided a helpful resource link afterwards, and was straightforward with next steps, without it feeling like a hard sell. Would definitely recommend to anyone and would contact Lawrie in future for future planning/ questions! Kathryn100% Recommend Edale! Lawrie and Edale have been incredibly thorough and supportive throughout the journey – from the moment I’ve consulted about my unique circumstances with regards to investment options (being a dual US citizen living in the UK) to onboarding me as a client to invest through them. I am so happy and relieved hat I’ve finally found a solution to a problem I’ve had for years, and so grateful for Lawrie being so thorough with the whole process – all the information was made easy to digest and understand, and I could (and still can) reach out to Lawrie whenever I had/have questions, and he was readily available and prompt with his responses. I love that Edale accommodates to clients of various sizes, and that I can invest at the pace and amount I feel comfortable in. Thank you so much! NinaVery helpful, personalised advice based on my specific situation. highly recommended! ! so helpful & provided quick, personalised advice very smoothly through WhatsApp. very highly recommended! KateI would highly recommend using Edale. Lawrie has been most helpful with a variety of US retirement questions. He has provided good information and succinct advice. SarahI had a long conversation with Lawrie Chandler to explore the financial implications of moving my tax residency from the US to the UK. I found his knowledge of the pros and cons very helpful. Some specialists in international relocation and tax affairs who will give only a short interview and are sparing in their advice until you sign up and pay their fees. From my experience, Edale let’s you explore the many what-ifs in a friendly exchange of views and options. My instinct tells me that the company focuses on long-term relationships built on trust and mutually beneficial results. MarkFantastic Service – Thanks so muchSignposting advice on main considerations as an US expat in the UK. JoshWould recommend. The free chat was very useful to pinpoint exact needs. In my case I was pointed to a non affiliated accountant who could best serve my specialist needs. No hard sell for their other services. Would recommend. StuartExcellent, knowledgeable, professional serviceLawrie has been excellent to work with, after searching for quite some time to find a company that does not require minimums to get started. He is responsive and thorough, and wants his clients to understand the process. They have all the services I need and I feel confident in my financial future. Would definitely recommend. AbigailKnowledgable and helpful, addressed my particular circumstances very wellLawrie addressed my retirement aspirations, tax questions, and financial position with the specific cross-jurisdiction knowledge I’d been seeking. I now feel more confident about my financial health and look forward to seeing the options Edale has to help me get investments in order. KathrynDrawing down US pensions from the perspective of a UK residentLawrie was approachable, knowledgable and pragmatic on the reality of drawing down US pensions from the perspective of a UK resident. I’d recommend Lawrie and Edale. DonaldMost helpful when trying to navigate Accidental American Kids complianceThanks to Laurie Chandler for offering advice and his patience in steering me in the right direction. FionaVery thorough and pertinent advice from Lawrie. He has ample patience for someone my age and didn’t make me feel rushed or under pressure. I have complex tax and investment needs covering both the US and UK. My goal is to retire in the UK after many years of working in the US. This is a daunting move with tax consequences if done without advice. I was given advice for my personal situation and investment goals, and so far am very impressed with the advice I have received from edale. I look forward to working with edale in the future. VivienVery generous time and interest. Advice that I hadn’t found anywhere else. Thanks! Lawrie was very generous with his time and interest and gave me excellent advice that I hadn’t found anywhere else. Thanks! JimmieAmazingly helpfulLawrie was so helpful and patient, going through form with me to make sure I understood what I needed to fill in for a complicated matter. KatieVery Helpful Initial ConsultationI just had an initial consultation and Lawrie was very helpful. He answered all the questions I had, and followed up with an email containing helpful links and advice. I’m looking forward to continuing with this service. Sarahdual US/UK nationality familyLawrie invested a great deal of time understanding our circumstances (dual US/UK nationality family) before any recommendations were discussed I am very happy with the outcome and intend to continue the relationship in the longer term. GavinFantastically knowledgeable helpAsked for a Zoom interview as I was confused about the likely tax rates and how to proceed on my little US retirement savings from a two-year employment some years ago, being a permanent UK resident and finally old enough to take them out. Laurie clearly knew the exact situation, helped me to understand the jargon, could answer all my questions easily, and showed me clearly how to proceed so as to end up paying a much smaller tax rate than the scary 30% that I’d seen banded about on websites. No attempt to sell me anything I didn’t need, and a complete understanding that my income and savings are small and not ‘big gun’ investments. Very very helpful – thank you so much! ClareWe’ll be backI had an excellent experience with Lawrie, who demonstrated a deep understanding of the complexities involved with our dual UK/US citizenship. In just a brief meeting, he provided specific advice and tailored recommendations that addressed our unique financial situation. His expertise and clear communication were incredibly helpful. Highly recommended! DominicIncredibly helpful and informative. My wife and I had the pleasure of speaking with Lawrie at Edale about the complexities of moving our finances from the US to the UK. We were made to feel like no question was too big or too small, and Lawrie took the time to... --- > Use our U.S. Tax Reporting Requirements Calculator to navigate your tax obligations for UK ISAs as an American expat. Map IRS forms like FBAR, FATCA, and more - Published: 2024-02-16 - Modified: 2024-09-03 - URL: https://edale.co/american-citizens-living-in-the-uk/calculator-to-answer-do-i-need-to-report-my-isa-to-the-irs/ - Categories: ISAs for Americans - Tags: Americans in the UK, Cash ISA advice, cross-border financial planning, expat investment tips, financial advice for American expats, IRS regulations for expats, ISA contribution limits, ISA guide, ISA investment strategies, ISA tax implications, managing ISAs in the UK, maximizing ISA benefits, Stocks and Shares ISA, tax-efficient saving, UK savings accounts for US citizens, understanding PFIC, US tax compliance The calculator breaks down the complex U. S. tax reporting rules into manageable questions, making it easier for you to understand your obligations without needing to navigate the intricate IRS guidelines. We have tried to simplify but individual circumstances and important and tax rules may change before we can update this calculator so its guidance only, not advice. How This Calculator Can Help You Tailors Advice to Your Specific Situation: By taking into account your specific financial situation, residency, and filing status, the calculator provides personalized advice on which IRS forms you might need to file, helping you to avoid both under-reporting and unnecessary paperwork. Saves Time and Reduces Errors: Determining which tax forms you need to file can be time-consuming and prone to errors. This calculator streamlines the process, offering quick and accurate guidance based on the latest tax reporting requirements. Educates on Cross-Border Tax Obligations: The calculator not only advises on reporting requirements but also educates users on the implications of holding UK ISAs as a U. S. taxpayer, raising awareness about cross-border tax obligations and planning. Encourages Professional Consultation: While the calculator provides a preliminary assessment of your filing needs, it also underscores the importance of consulting with a tax professional. This ensures that your unique circumstances are thoroughly evaluated and that you remain compliant with all tax laws. US Tax Reporting Requirements for UK ISA this simple form helps guide you through the needs for ISA tax reporting based upon current rules. US Tax Reporting Requirement Check for UK ISA Holders What is the aggregate maximum balance of all your foreign financial accounts in USD? What is your filing status and residency? Single/Filing Separately in the U. S. Married Filing Jointly in the U. S. Single/Filing Separately Outside the U. S. Married Filing Jointly Outside the U. S. What is the total amount of gifts, inheritances, or trust distributions received from a foreign person, business, or trust in USD? Do you hold any Passive Foreign Investment Companies (PFICs)? Yes No Check Reporting Requirements function checkRequirements { const maxBalance = document. getElementById('maxBalance'). value; const filingStatus = document. getElementById('filingStatus'). value; const giftAmount = document. getElementById('giftAmount'). value; const pficStatus = document. getElementById('pficStatus'). value; let resultText = ''; // Check FBAR requirement if (maxBalance > 10000) { resultText += 'You need to report your UK ISA on an FBAR. '; } // Check Form 8938 requirement if ((filingStatus === 'singleInUS' && (maxBalance > 50000 || maxBalance > 75000)) || (filingStatus === 'marriedInUS' && (maxBalance > 100000 || maxBalance > 150000)) || (filingStatus === 'singleOutsideUS' && (maxBalance > 200000 || maxBalance > 300000)) || (filingStatus === 'marriedOutsideUS' && (maxBalance > 400000 || maxBalance > 600000))) { resultText += 'You need to report on Form 8938. '; } // Check Form 3520 requirement if (giftAmount > 100000 || giftAmount > 16076) { resultText += 'You need to file Form 3520. '; } // Mention Form 8621 significance based on PFIC status if (pficStatus === 'yes') { resultText += 'You hold PFIC investments. Consider the requirement for Form 8621. '; } else { resultText += 'No PFIC investments held. Form 8621 requirement may not apply. '; } document. getElementById('result'). innerHTML = resultText; document. getElementById('result'). style. display = 'block'; } // Function to format the placeholder on focus function formatPlaceholder(element) { element. placeholder = "1,000. 00"; // Example format to guide users } // Function to reset the placeholder on blur if the field is empty function resetPlaceholder(element) { if (! element. value. trim) { element. placeholder = "0. 00"; } } --- - Published: 2024-02-15 - Modified: 2025-05-27 - URL: https://edale.co/customer-area/ This page requires login, you should not be here --- - Published: 2024-02-15 - Modified: 2025-06-03 - URL: https://edale.co/customer-area/dashboard/ This page is the private area dashboard for customers. Logout The user icon above allows you to click and edit your personal details. From the items below, you can complete forms and tasks. Complete the Forms below to assist us in providing the services to you. 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The prospect of accessing your pension while residing overseas opens doors to financial flexibility and security. However, navigating the intricacies of pension regulations, tax implications, and the array of available options can be daunting. In this article, we delve into the considerations and choices facing expats with UK pensions, offering guidance on how to approach this pivotal stage of financial planning while living outside the UK. When Brits work and live abroad, they often ask these questions about pensions: "How to access my pension? " "Pension withdrawal rules? " "Pension access when I live in Australia / New Zealand / America /Europe / etc? " "Retirement pension claiming process? " "Government pension access guidelines? " "Company pension plan withdrawal procedures? " "Pension benefits access after retirement? " "Early pension access options and penalties? " "Managing pension funds after retirement? " "Pension payout options and advice? " Accessing my UK Pension In the United Kingdom, the minimum age at which individuals can access their pension typically depends on the type of pension scheme they have. Generally, the minimum age is set at 55 years old. However, it's essential to note that accessing your pension before the age of 55 is usually not allowed unless there are specific circumstances, such as ill health or certain occupations that allow for early access. Typically, your pension provider will write to you with options to access your pension. These options generally include : Pension Commencement Lump Sum (PCLS): At age 55, individuals may choose to take a portion of their pension pot as a tax-free lump sum, known as the Pension Commencement Lump Sum (PCLS). This lump sum can typically be up to 25% of the total pension pot. Flexi-Access Drawdown: With flexi-access drawdown, individuals can keep their pension pot invested and withdraw funds as needed, providing flexibility in managing their retirement income. Withdrawals from flexi-access drawdown are subject to income tax at the individual's marginal rate. Annuity Purchase: An annuity allows individuals to exchange their pension pot for a guaranteed income for life or a specified period. Annuity rates may vary based on factors such as age, health, and prevailing market conditions. Phased Withdrawals: Some pension schemes offer the option of phased withdrawals, allowing individuals to gradually access their pension pot over time while potentially mitigating tax implications Access rights do vary depending on the type of pension you have. There are two main pension types, but a third is to be aware of protected rights. Defined Contribution Pension (DC): In a defined contribution pension scheme, individuals build up a pension pot over time through contributions from themselves and possibly their employer, along with investment growth. At retirement, individuals have the flexibility to access their pension pot through options such as PCLS, flexi-access drawdown, or annuity purchase. Defined Benefit Pension (DB): Defined benefit pensions, also known as final salary pensions, provide a guaranteed income in retirement based on factors such as salary and years of service. Individuals may have the option to take a tax-free lump sum and/or receive a regular pension income for life, typically calculated based on a percentage of their final salary. Protected Rights: Protected rights are funds accrued from contracting out of the State Second Pension (S2P), now known as the State Earnings-Related Pension Scheme (SERPS). These funds may be held within either defined contribution or defined benefit schemes, and access options typically align with the options available for the specific type of pension scheme in which the funds are held. Frequently Asked Questions How do I know if I'm eligible to access my pension as an expat? Eligibility criteria can vary based on your specific pension plan and the regulations of the country you're residing in. Generally, eligibility depends on factors such as age, length of contributions, and the terms of your pension scheme. 2. Can I access my pension while living abroad? Yes, in many cases, expats can access their pensions while living abroad. However, the process and tax implications may differ depending on your home country's pension regulations and the tax treaties between your home country and the country you're residing in. How can I find out more about my pension options as an expat? Contact your pension provider or scheme administrator for detailed information about your specific pension plan and how it applies to expats. Additionally, seek advice from financial advisors or experts specializing in expat finances and pensions. Will accessing my pension abroad affect my taxes? Yes, accessing your pension while living abroad may have tax implications. Tax treaties between your home country and your country of residence can affect how your pension income is taxed. It's essential to understand these implications and consider seeking advice from tax professionals familiar with international tax laws. What are my options for accessing my pension as an expat? Depending on your pension plan, you may have various options, including taking a lump sum, receiving regular payments, or transferring your pension to a scheme in your country of residence. Each option has different implications, so it's crucial to explore them thoroughly and consider seeking professional financial advice. Can I transfer my pension to an international scheme? In some cases, you may be able to transfer your pension to an international scheme. However, this process can be complex and may have tax and regulatory implications. It's essential to research and understand the requirements and potential consequences before initiating a pension transfer. How do I ensure I'm making informed decisions about my pension as an expat? Educate yourself about your pension options and seek guidance from qualified professionals specializing in expat financial planning and pension advice. Consider consulting with financial advisors, tax experts, and legal professionals to ensure you understand the implications of accessing your pension while living abroad. Are there any resources available to help expats navigate pension issues? Yes, various online resources, forums, and expat communities provide valuable information and support for expats navigating pension issues. Additionally, government websites, pension provider portals, and professional financial organizations may offer guidance and resources specific to expat pension matters. What steps should I take to start accessing my pension as an expat? Begin by researching your pension plan, understanding your options, and seeking advice from qualified professionals. Review the terms of your pension scheme, consider your financial goals and circumstances, and make informed decisions based on your individual situation. Where can I find help if I have specific questions about accessing my pension as an expat? Reach out to your pension provider, financial advisor, or expat-focused financial services firms for personalized assistance with your pension queries. Additionally, online forums and expat communities may offer insights and support from individuals who have navigated similar pension-related challenges while living abroad. document. querySelectorAll('. faq-question'). forEach(item => { item. addEventListener('click', function { var answer = this. nextElementSibling; if (answer. style. display === "block") { answer. style. display = "none"; } else { answer. style. display = "block"; } }); }); --- - Published: 2024-02-09 - Modified: 2024-02-09 - URL: https://edale.co/how-to-do-due-diligence-on-an-expat-adviser/ When considering the services of an expatriate financial adviser, conducting thorough due diligence is paramount to ensuring your financial security and achieving your investment goals while living abroad. This process involves a meticulous evaluation of the adviser's credentials, regulatory standing, experience in expatriate financial matters, and their track record of success with clients in similar situations. Whether you're navigating the complexities of cross-border taxation, seeking investment opportunities, or planning for retirement in a foreign country, selecting the right financial adviser is a critical decision. This blog post will guide you through the essential steps of due diligence, helping you to identify a trustworthy and competent expatriate financial adviser who can provide tailored advice suited to your unique international living situation. Ensure they are on a financial service register Advisory services of financial products and investments is a regulated activity in most markets. Each country usually has a financial services register that has companies and individuals that are registered. Below is a list of some main financial service regulators around the world, along with their websites where you can access the register of firms and individuals they regulate. 1. United States Securities and Exchange Commission (SEC) Website: https://www. sec. gov Register: EDGAR Company Filings Financial Industry Regulatory Authority (FINRA) Website: https://www. finra. org Register: BrokerCheck 2. United Kingdom Financial Conduct Authority (FCA) Website: https://www. fca. org. uk Register: Financial Services Register 3. European Union European Securities and Markets Authority (ESMA) Website: https://www. esma. europa. eu Note: ESMA coordinates with national regulators, but the actual register of firms is maintained by respective national authorities. 4. Canada Canadian Securities Administrators (CSA) Website: https://www. securities-administrators. ca Register: National Registration Search 5. Australia Australian Securities and Investments Commission (ASIC) Website: https://www. asic. gov. au Register: ASIC Connect 6. Singapore Monetary Authority of Singapore (MAS) Website: https://www. mas. gov. sg Register: Financial Institutions Directory 7. Hong Kong Securities and Futures Commission (SFC) Website: https://www. sfc. hk Register: Public Register of Licensed Persons and Registered Institutions 8. Japan Financial Services Agency (FSA) Website: https://www. fsa. go. jp Note: The FSA provides oversight, but detailed searches may be conducted through licensed financial institutions and entities directly. 9. India Securities and Exchange Board of India (SEBI) Website: https://www. sebi. gov. in Register: Intermediaries 10. South Africa Financial Sector Conduct Authority (FSCA) Website: https://www. fsca. co. za Register: Central Register UK Companies House to see company and director links Companies House provides a comprehensive database that anyone can access to find information on companies registered in the United Kingdom, including details about company ownership and directors. Here's how you can use it to find such information: 1. WebCHeck Service Now closed: WebCHeck used to allows you to search for and access company information, including the names of directors and significant shareholders. This service has now been decommissioned and replaced with CHS. 2. Companies House Service (CHS): CHS is a newer service that offers free digital data on registered companies in the UK. Use https://find-and-update. company-information. service. gov. uk/ It provides access to more detailed information than WebCHeck, including filing history, current and resigned officers, registered office address, and more. You can view and download documents such as annual returns, accounts, and company reports. 3. Director Search: Both WebCHeck and CHS allow you to search specifically for information about directors, including their other directorships and involvement in companies, past and present. This can be useful for understanding the network and business activities of individual directors. 4. Monitoring Service: If you are interested in tracking changes or new filings for specific companies, you can use the monitoring service provided by Companies House to get alerts. Steps to Find Information: Visit the Companies House website and choose the service you prefer (CHS). Search for a company using its name or company number. Navigate through the company's profile to find the information you're interested in, such as current directors, shareholders, and recent filings. Download documents if necessary. Some documents are available for free, while others may require a fee. Tips: The beta version of CHS is highly user-friendly and provides most services for free. Pay attention to the filing history section, as it contains valuable information about the company's financials, changes in directorship, and ownership. Use the "People" tab to find information on current directors and significant shareholders. Using Companies House, you can gather a wealth of information about the ownership and management of UK registered companies, which can be valuable for research, due diligence, or business intelligence purposes. What information should you looking for on Companies House? Confirmation statements (previously known as annual returns) are a valuable resource for researching the shareholders of a UK limited company. These documents, filed annually with Companies House, provide a snapshot of a company's management and structure at a specific point in time, including details about its directors, secretary, registered office, and shareholders. Here's how to use confirmation statements or annual returns to see shareholders and trace the ultimate ownership of a company: 1. Accessing Confirmation Statements / Annual Returns: Go to Companies House Service (CHS): Start by visiting the CHS website, where you can search for the company you're interested in. Search for the Company: Use the company name or registration number to find the company profile. Review the Filing History: Within the company's profile, navigate to the 'Filing history' section. Here, you'll find a list of all documents filed by the company, including confirmation statements and, for older records, annual returns. 2. Examining Shareholder Information: Download the Latest Confirmation Statement: Look for the most recent confirmation statement (or annual return if the confirmation statement is not available). This document should list the current shareholders and share allocations. No Update? Look Back: If the latest confirmation statement indicates there were no changes since the last filing, you'll need to review previous confirmation statements or annual returns until you find the one that includes the last update on shareholders. 3. Understanding Shareholder Details: Identify Shareholders: Shareholder information typically includes the names of individuals or entities that hold shares in the company, along with the number of shares they own. For Limited Company Shareholders: If a shareholder is another limited company, you'll need to conduct a separate search for that company on CHS. This helps to trace the ownership chain up to the ultimate beneficial owner. 4. Working Up the Ownership Chain: Search Each Company in the Chain: For each company listed as a shareholder, repeat the process of searching for the company on CHS, downloading its confirmation statement, and examining its shareholders. Continue Until the Ultimate Owner is Identified: Continue tracing through layers of ownership until you reach individual persons or an entity that is not owned by another company. This is often referred to as the "ultimate beneficial owner. " Tips for Research: Pay Attention to Share Classes: Different classes of shares may have different voting rights or entitlements, which can affect control of the company. Use Other Documents for Context: Other filings, such as Persons with Significant Control (PSC) statements, can also provide insights into who has significant influence or control over the company. Consider Professional Advice: If the ownership structure is complex, you might consider seeking professional advice or using specialized services that can help navigate and interpret shareholder structures. By methodically reviewing confirmation statements and annual returns and investigating each layer of corporate ownership, you can uncover the ultimate owners of a UK limited company, even when the immediate shareholders are other companies. Directed open internet searches Google has one of the most powerful search engines in the market and this power can be used to look at specific sites. LInkedin is now used by my professionals to publish a resume of where they have worked and what they have done. With some help you can get deep into Linkedin using googles search engine power. To perform a specific search on LinkedIn using Google, you can utilize the "site:" search operator followed by your specific query. This operator limits the search results to the specified domain—in this case, LinkedIn. com. Here's how you can structure your search: Basic Structure site:linkedin. com Example Searches If you're looking for profiles related to "financial advisor" in New York, your search query would look like this: site:linkedin. com "financial advisor" New York To find someone specific, like a financial advisor named John Doe, you might use: site:linkedin. com "John Doe" financial advisor If you're seeking information about expatriate financial advisors, your query could be: site:linkedin. com "expatriate financial advisor" Tips for Effective Searching Use Quotes for Exact Matches: If you're looking for a specific phrase, put it in quotes to find exact matches. Utilize Keywords: Think about the keywords that are likely to appear on the profiles or pages you're interested in. This could include job titles, skills, certifications, or locations. Refine Your Search: You can refine your search further by adding more specific terms or excluding terms using the "-" operator. For example, if you want to exclude results containing the word "assistant," you would add -assistant to your search. --- - Published: 2024-02-07 - Modified: 2024-02-07 - URL: https://edale.co/live-overseas-and-getting-financial-advice-when-your-pension-writes-to-you-about-options-to-access-it/ As an expatriate living abroad, receiving correspondence from your UK pension scheme regarding access options can stir a mixture of anticipation and uncertainty. The prospect of accessing your pension while residing overseas opens doors to financial flexibility and security. However, navigating the intricacies of pension regulations, tax implications, and the array of available options can be daunting. In this article, we delve into the considerations and choices facing expats with UK pensions, offering guidance on how to approach this pivotal stage of financial planning while living outside the UK. Living abroad and getting a pension letter There are various situations you might encounter when considering how to access your UK pension while living abroad. Each situation comes with its own set of considerations, challenges, and opportunities that require careful evaluation and planning. Permanent Residence Abroad: If you've permanently relocated to another country and plan to retire there, you might be wondering how to access your UK pension to support your retirement lifestyle while ensuring compliance with local tax laws. Temporary Work Assignment: If you're working abroad temporarily and plan to return to the UK eventually, you may be weighing your options regarding accessing your UK pension early or leaving it untouched until your return. Dual Residency: If you split your time between the UK and another country, you may need guidance on managing your pension while navigating the tax implications of residency in multiple jurisdictions. Unforeseen Circumstances: If unexpected financial challenges arise, such as medical expenses or job loss, you might be considering accessing your pension earlier than planned. Currency Exchange Considerations: Concerned about currency fluctuations? You may be exploring whether it's advantageous to access your UK pension in your local currency or keep it in GBP. Legacy Planning: Thinking about your legacy? You might want to understand how accessing your UK pension early or leaving it untouched could impact your beneficiaries. Investment Opportunities: Interested in investment opportunities available through your UK pension? You may be seeking advice on maximizing returns while living abroad. FAQ for Expats Needing Advice on Accessing Their Pension 1. How do I know if I'm eligible to access my pension as an expat? Eligibility criteria can vary based on your specific pension plan and the regulations of the country you're residing in. Generally, eligibility depends on factors such as age, length of contributions, and the terms of your pension scheme. 2. Can I access my pension while living abroad? Yes, in many cases, expats can access their pensions while living abroad. However, the process and tax implications may differ depending on your home country's pension regulations and the tax treaties between your home country and the country you're residing in. 3. How can I find out more about my pension options as an expat? Contact your pension provider or scheme administrator for detailed information about your specific pension plan and how it applies to expats. Additionally, seek advice from financial advisors or experts specializing in expat finances and pensions. 4. Will accessing my pension abroad affect my taxes? Yes, accessing your pension while living abroad may have tax implications. Tax treaties between your home country and your country of residence can affect how your pension income is taxed. It's essential to understand these implications and consider seeking advice from tax professionals familiar with international tax laws. 5. What are my options for accessing my pension as an expat? Depending on your pension plan, you may have various options, including taking a lump sum, receiving regular payments, or transferring your pension to a scheme in your country of residence. Each option has different implications, so it's crucial to explore them thoroughly and consider seeking professional financial advice. 6. Can I transfer my pension to an international scheme? In some cases, you may be able to transfer your pension to an international scheme. However, this process can be complex and may have tax and regulatory implications. It's essential to research and understand the requirements and potential consequences before initiating a pension transfer. 7. How do I ensure I'm making informed decisions about my pension as an expat? Educate yourself about your pension options and seek guidance from qualified professionals specializing in expat financial planning and pension advice. Consider consulting with financial advisors, tax experts, and legal professionals to ensure you understand the implications of accessing your pension while living abroad. 8. Are there any resources available to help expats navigate pension issues? Yes, various online resources, forums, and expat communities provide valuable information and support for expats navigating pension issues. Additionally, government websites, pension provider portals, and professional financial organizations may offer guidance and resources specific to expat pension matters. 9. What steps should I take to start accessing my pension as an expat? Begin by researching your pension plan, understanding your options, and seeking advice from qualified professionals. Review the terms of your pension scheme, consider your financial goals and circumstances, and make informed decisions based on your individual situation. 10. Where can I find help if I have specific questions about accessing my pension as an expat? Reach out to your pension provider, financial advisor, or expat-focused financial services firms for personalized assistance with your pension queries. Additionally, online forums and expat communities may offer insights and support from individuals who have navigated similar pension-related challenges while living abroad. document. querySelectorAll('. faq-question'). forEach(item => { item. addEventListener('click', function { var answer = this. nextElementSibling; if (answer. style. display === "block") { answer. style. display = "none"; } else { answer. style. display = "block"; } }); }); --- > Unlock US/UK investing solutions: Expert advice for Americans in the UK facing FATCA, tax, and regulatory challenges. No minimums + free IFA appointment. - Published: 2024-01-30 - Modified: 2025-06-09 - URL: https://edale.co/wealth-advice/usa-residents-and-us-persons-ifa-uk-citizen/ Financial Advice for US citizens based in the UK or holding a green card Initial Consultation Free Get started with cost and no obligation. Independent Advice Receive unbiased, expert advice. No Minimums No minimums to access our services. U. S. persons often face challenges when trying to open investment accounts in the UK due to a combination of U. S. and UK financial regulations. Edale is a financial adviser firm that can assist with overcoming these pains and help everyone from the chief executive of a plc to a shopkeeper. We ensure financial advice and options are available to everyone, irrespective of their citizenship or complications created for them. Our specialist International advisers have significant experience in advising US connected individuals living in the UK on their tax and financial affairs. We are a financial advisor here to help with pensions and tax-efficient savings plans that are US and UK tax compliant. We can offer US persons pensions and tax-efficient savings through Edale financial advice service.   Our expat work means for US / UK residents we are frequently a recommended IFA for US citizens in the UK Lawrie Chandler, Financial and Wealth Expert for Americans in the UK Read out customer ratings. Free IFA Appointment for US Person A Financial Investment Advisor for US Citizens in the UK Book Appointment Complications Americans face with savings and investments in the UK FATCA Compliance: The Foreign Account Tax Compliance Act (FATCA) requires foreign financial institutions to report the financial information of U. S. persons to the IRS. Many UK banks and investment firms may find these reporting requirements onerous, leading them to be hesitant or even refuse to open accounts for U. S. persons. Regulatory Burden: The compliance costs and regulatory burden associated with servicing U. S. clients can be high for UK financial institutions. This includes the need to understand and adhere to both UK and U. S. regulations, which can be complex and time-consuming. Tax Reporting Requirements: U. S. persons are subject to U. S. tax on their global income, including any income from investments made in the UK. This requires them to file additional tax forms and potentially pay U. S. taxes on their UK investments, complicating their tax situation. Risk of Dual Taxation: While the U. S. and UK have a tax treaty to prevent double taxation, navigating the treaty can be complex. There's a risk of dual taxation if the investor does not correctly manage their tax liabilities in both countries. Limited Investment Options: Some UK investment products may not be suitable or available to U. S. persons due to either U. S. or UK regulations. For instance, many UK-based mutual funds are considered Passive Foreign Investment Companies (PFICs) under U. S. tax law, which can lead to unfavorable tax treatment for U. S. investors. Banking Policies: Individual banks or investment firms in the UK may have their own policies that restrict services to U. S. persons. These policies might stem from the institution's risk management strategy, where they may view U. S. clients as high-risk due to the aforementioned regulatory complexities. Exchange Rate Risk: Investing in a different currency can introduce exchange rate risk. Fluctuations in the GBP/USD exchange rate can affect the value of the U. S. person's investments in the UK. Cultural and Practical Barriers: Differences in investment culture, market practices, and time zones can also pose practical challenges for U. S. persons managing investments in the UK. Clients helped 50+ Minimum wealth £0+ Can help with American ISA(a UK Roth IRA, US SIPP(a UK 401k), US Child ISA (a Uk Section 529) Meet the team L Investment options we can offer Americans in the UK Edale can advise a wide range of tax-efficient wrappers General Investment Account (GIA): Enables clients to hold a very broad range of investments including some which may not be held within other wrappers, usually for tax reasons. Individual Savings Account (ISA) (Cash and Stocks & Shares): Enables clients to invest in cash, equities and collective investment schemes and receive certain returns tax free. Junior ISA (Cash and Stocks & Shares): Enables clients to invest in a tax efficient way on behalf of a child. Lifetime ISA (LISA): Enables clients to save in a tax efficient manner and attract bonuses for the long term but includes an option to use funds for the purchase of a first home. Personal Pension: Enables clients to save in a tax efficient way towards retirement. Self-invested Personal Pension (SIPP): Enables clients to save in a tax efficient way towards retirement. US Pension Advising: Advsing on your 401k and IRA as a non-resident. US Pension (401k and IRA) advisory from the UK Advising on your 401(k) and IRA from the UK As a US expat in the UK with a 401k/IRA, these retirement accounts can seem thousands of miles away and you be unsure how to get the best from them for your retirement. The qualified advisers at Edale have many years of experience working with US pensions, UK pensions and assets worldwide. If you want to stay up-to-date and get professional advice on 401(k) and IRA from a UK-based and regulated team, get in touch; we want to ensure that your US retirement fund grows and helps you achieve your financial ambitions. Only a handful of organisations in the UK can advise on your US pensions for non-residents. You’ll need someone with knowledge on US and UK pension laws. There are a scattering of IFAs with experience in both systems, so we recommend getting advice to be confident your retirement account is being run correctly and optimally. Get independent guidance on maximising your US pensions, and consider them within your overall financial picture (including your UK pensions and other assets). Complexities with running your 401k and IRA yourself Having an IRA and/or 401(k) pension in the US can be tricky for non-US citizens.  The problem with this is that the majority of US providers don’t allow non-resident aliens to use their accounts which makes it harder to administer them. Non-resident alien is the term used to describe someone who is neither a US citizen nor a permanent resident. These individuals are subject to specific tax regulations in the US and their home country. Expats face hurdles when dealing with US financial institutions about their US Pensions: A major hurdle is that many US providers don’t allow non-resident aliens to hold US-based ETFs (Exchange-Traded Funds) and mutual funds.  The cap can be constricting in the type of investments available and preventing non-residents from diversifying their portfolios.   Some providers can require non-resident aliens to shut down accounts or freeze their investments if they no longer have a US address. These policies can be a minefield to navigate when it comes to organising retirement funds for non-US citizens.  This is where you need to consult professional financial advisors who are experts in cross-border business and can guide you through this. Our Happy Clients I had a long conversation with Lawrie Chandler to explore the financial implications of moving my tax residency from the US to the UK. I found his knowledge of the pros and cons very helpful. Some specialists in international relocation and tax affairs who will give only a short interview and are sparing in their advice until you sign up and pay their fees. From my experience, Edale let’s you explore the many what-ifs in a friendly exchange of views and options. My instinct tells me that the company focuses on long-term relationships built on trust and mutually beneficial results. MarkVery quick to respond & helpfulI pretty much had my questions answered within 3 emails. Great service. ThomasEverything I needed! I found Edale online as I had discovered how difficult it was to find a financial advisor able to advise me because of my USA citizenship. Lawrie was just the ticket – a straight talking, forward thinking Financial Advisor with a depth of understanding around the tax implications of various investment vehicles as it related to expat Americans. His solutions were inventive and right away I made a huge financial win that would have otherwise passed me by! I highly recommend! KellyAdvice on the financial reporting and tax liability for a Junior Isa for my American child. I had a zoom call with Lawrie to ask for some advice on the financial reporting and tax liability for a Junior Isa for my American child. Laurie was very knowledgeable and easy to talk to about this matter. If we needed financial advice for investments in the future we would engage with this company again. GinniePhoned on the off chance. Got very helpful signpostingI phoned up on the off chance and was given a very helpful overview of my situation by Lawrie. I would certainly come back for more advice should it be necessary. KathrynAmazingly helpfulLawrie was so helpful and patient, going through form with me to make sure I understood what I needed to fill in for a complicated matter. KatieExcellent, knowledgeable, professional serviceLawrie has been excellent to work with, after searching for quite some time to find a company that does not require minimums to get started. He is responsive and thorough, and wants his clients to understand the process. They have all the services I need and I feel confident in my financial future. Would definitely recommend. AbigailWould recommend. The free chat was very useful to pinpoint exact needs. In my case I was pointed to a non affiliated accountant who could best serve my specialist needs. No hard sell for their other services. Would recommend. StuartInformative and friendlyI had a call with Lawrie to discuss some queries I had as a US citizen living in the UK. He was very helpful and provided me with very useful information and advice ShaneGenuine Concern EasedI had a call with Lawrie to discuss my retirement funding and challenges being a dual UK US citizen. His insight was keen, knowledgeable and helpful. We decided it was a bit early for me so I’ll be calling him closer to my retirement date in 2027. I felt no pressure and he was genuine in his advice. GreggGreat meeting! Lots of information and questions answered around FIG regime and PFICs. Really helpful consultation. KiranWe’ll be backI had an excellent experience with Lawrie, who demonstrated a deep understanding of the complexities involved with our dual UK/US citizenship. In just a brief meeting, he provided specific advice and tailored recommendations that addressed our unique financial situation. His expertise and clear communication were incredibly helpful. Highly recommended! DominicQuestions relating to access to my 401K pensionI had some questions relating to access to my 401K pension . Lawrie was extremely helpful and patient in explaining the tax implications of several scenarios. Excellent service! ImogenBringing clarity to UK/US retirement questionsI had an incredibly positive experience working with Edale to navigate the complex world of UK/US cross-border financial planning, especially as it relates to investing for retirement. As a dual UK/US citizen married to a fellow dual citizen, and having lived in the UK since 2010, I was overwhelmed with how to most tax-efficiently invest for retirement given our mix of accounts in both the US (IRAs and Roth IRAs) and the UK (SIPP, employer pension, and USS). Thankfully, Edale provided clarity and guidance on every front. JesseDrawing down US pensions from the perspective of a UK residentLawrie was approachable, knowledgable and pragmatic on the reality of drawing down US pensions from the perspective of a UK resident. I’d recommend Lawrie and Edale. DonaldLawrie was very helpful and provided me with some useful guidance on an investment basis. I have tax and financial affairs that are more complex than usual, due to holding multiple citizenships and Lawrie was very knowledgeable and able to answer many of my questions over a 10 minute call. I would highly recommend this company as a first port of call for financial affairs or tax planning ideation. I was able to quickly book a consultation at no cost and left the call confident in what my options were going forward. Lawrie was very patient and listened to my circumstances meaning I did not feel rushed and was reassured about my financial concerns. AlexSuper speedy and extremely helpful response! I had a pressing query about US/UK banking and received a speedy (same evening! ) extremely helpful response. Thank you so much! Frevisse100% Recommend Edale! Lawrie and Edale have been incredibly thorough and supportive throughout the journey – from the moment I’ve consulted about my unique circumstances with regards to investment options (being a dual US citizen living in the UK) to onboarding me as a client to invest through them. I am so happy and relieved hat I’ve finally found a solution to a problem I’ve had for years, and so grateful for Lawrie being so thorough with the whole process – all the information was made easy to digest and understand, and I could (and still can) reach out to Lawrie whenever I had/have questions, and he was readily available and prompt with his responses. I love that Edale accommodates to clients of various sizes, and that I can invest at the pace and amount I feel comfortable in. Thank you so much! NinaExcellent Service Highly RecommendLawrie was absolutely fantastic with helping me manage my SAYE transfer with very little hassle or worry. There are a lot of companies out there who only focus on high net worth individuals or charge an arm and a leg to help regular people, but Edale is not one of them. This company is committed to helping regular folk build wealth at a reasonable price and I’m thankful for that. PreciousSuper helpful guidance from Lawrie which helped to make sense of a multitude of potential US/UK issues. Great signposting and he clearly is well versed in his field. Lawrie provided a helpful insight into the common pitfalls to consider and avoid when it comes to US/UK inheritance planning. He succinctly gave us an overview of the dual regimes and provided a road map for us to work our way through. MaryGreat service and advice. Lawrie was really helpful. Very easy to talk to. Possessed a depth of knowledge. Made sure he answered all my questions. I highly recommend Edale and Lawrie in particular. ClairePrompt and helpfulEDALE was very prompt in contacting me and quickly arranged a first appointment. I was on a short deadline and they helped me achieve my objective in time. Lawrie was very helpful and conscientious and delivered exactly what he promised. JudeIncredibly valuable free consultation, evaluated our options, suggested new ideas. My wife and I had a free consultation with Lawrie from Edale this morning. We have a difficult decision to make of how to use the substantial inheritance money that needed both US and UK expertise. We are deciding between buying to let properties in the USA and repaying our mortgage and investing in the UK. Lawrie gave us a comprehensive analysis of the pros and... --- > Frequently asked questions for UK families with American connections covering tax considerations, investment strategies, and complying with both US and UK rules - Published: 2024-01-30 - Modified: 2024-02-20 - URL: https://edale.co/american-citizens-living-in-the-uk/financial-planning-for-families-in-the-uk-with-american-connections/ Here are frequently asked questions Americans have asked us when in the UK and want to navigate financial complexities for themselves, their spouses, children or the family. The worldwide taxation of US citizens, encompassing all income and gains regardless of their location, presents significant complexities for everyday financial decisions. By identifying the key challenges and relevant questions to consider, informed decision-making can be facilitated. Are my children Americans or US citizens? If you have your baby outside the US but one parent is a US citizen, your baby might automatically be a US citizen too! The US government website has details, but it’s tricky, so talk to a lawyer for sure. They can help make sure everything is done right. Many U. S. embassies and consulates have dedicated pages on their websites with information on birth abroad and acquiring U. S. citizenship for children born in their host country. Here in the UK try https://uk. usembassy. gov/u-s-citizen-services/citizenship/consular-report-of-birth-abroad-crba-and-first-u-s-passport/. What are the tax implications for a child who is a US citizen living in the UK? US children, including those born to US citizen parents outside the US, are subject to the same worldwide taxation rules as their parents. This includes the need for potential tax filing in the US. How does the UK's tax system impact savings for US children? UK schemes like Junior ISAs are taxed by the IRS. UK anti-avoidance rules apply if a child earns over £100 in interest from a parent’s money. What overall advice is given for US-UK taxpayers with children? It’s crucial to consider both UK and US tax implications for all income and savings, especially given the different treatment of certain financial products and schemes in each country. Main tax considerations for an American spouse in the UK? An American must comply with U. S. tax laws on worldwide income and report foreign accounts. It’s crucial to understand how income and investments in the UK are treated by the IRS. How does having an American husband impact our family’s financial planning in the UK? You’ll need to consider U. S. taxation on worldwide income and reporting requirements. Joint investments and property ownership might have different implications in the U. S. Are there specific savings accounts that are best for US-UK families? Savings options like ISAs may be tax-efficient in the UK but not recognized as such by the U. S. Consult a financial advisor for accounts that align with both countries’ regulations. What are FBAR and FATCA, and how do they affect us? FBAR (Foreign Bank and Financial Accounts Report) and FATCA (Foreign Account Tax Compliance Act) require U. S. persons to report foreign financial accounts and assets. Non-compliance can lead to penalties. Can my American spouse contribute to a UK pension scheme? Yes, but it’s important to understand how the U. S. taxes these contributions and payouts. What is double taxation, and how can we avoid it? Double taxation occurs when the same income is taxed by both countries. Utilize tax credits, treaties, and strategic planning to mitigate this. Can a US citizen living in the UK take advantage of ISAs? Yes, if they are structured correctly. Get professoinal advice. While ISAs offer tax benefits in the UK, the U. S. does not recognize these benefits, which can result in U. S. tax liabilities. Should I just forget about investing for my child? Not necessarily! There are other options for Americans in the UK. Junior ISAs can be a great way to save for your child’s future, but there are some important things to remember as an American. US taxes still apply: Even though ISAs are tax-free in the UK, the IRS doesn’t recognize this. They’ll tax the underlying investments in the ISA as if they were in a regular account. Beware of PFICs: Many collective investments in ISAs are considered PFICs (Passive Foreign Investment Companies) by the IRS, which can come with complex and punitive tax rules. How do I Save Efficiently For A US/UK Child? It’s important to understand the implications of US tax obligations on worldwide income and UK-specific savings options, such as Junior ISAs, to find a balanced approach. Consulting with a cross-border financial advisor is crucial to navigate these complexities and tailor a savings plan that aligns with the tax and legal frameworks of both countries. How are my UK investments taxed in the USA? As a US citizen, you’re obligated to report your global income and gains to the IRS, regardless of their source. This includes income from foreign jobs, investments, and asset sales. You’ll also need to disclose any foreign assets you hold. As a US taxpayer should I use an ISA? The Individual Savings Account (or ISA as it is better known) is a very efficient savings vehicle for U. K. taxpayers. However, the U. S. treats an ISA just like any other taxable account, meaning you are subject to U. S. income and capital gains tax on all activity within the ISA. There are strict rules about what investments are allowed to be held in an ISA and not many U. S. /U. K. friendly fund structures are suitable Here to help Edale, as a financial adviser firm, offers various services to assist U. S. persons living in the UK with their investment and savings challenges. Accessible advice for everyone from employees to leaders. Edale provides investment management and tax-efficient wealth planning for American (US) families living in the UK. Enabling American families to live without financial worry and compliance with US and UK rules. US citizens living in the UK who choose to make the UK their home need to get financial advice for the stage they are at and the needs they have. Book Appointment Contact edale easily Click to call to speak with us WhatsApp chat support your needs Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? --- > Should you get an ISAs as an American in the UK? Answers to all the questions an US expat could have about saving while in the UK. - Published: 2024-01-30 - Modified: 2024-09-03 - URL: https://edale.co/american-citizens-living-in-the-uk/isas-for-u-s-taxpayers-in-the-u-k-a-comprehensive-guide/ - Categories: Expat financial advice, ISAs for Americans - Tags: Americans in the UK, Cash ISA advice, cross-border financial planning, expat investment tips, financial advice for American expats, IRS regulations for expats, ISA contribution limits, ISA guide, ISA investment strategies, ISA tax implications, managing ISAs in the UK, maximizing ISA benefits, Stocks and Shares ISA, tax-efficient saving, UK savings accounts for US citizens, understanding PFIC, US tax compliance In the intricate world of cross-border finance, U. S. taxpayers residing in the U. K. often grapple with the complexities of leveraging Individual Savings Accounts (ISAs) for their financial advantage. Here are some of the common questions we hear/ "As a U. S. taxpayer, am I eligible to open an ISA while living in the U. K. ? " "Can I use an ISA for tax-efficient estate planning as a U. S. expat in the U. K. ? " "How frequently do U. S. and U. K. tax laws regarding ISAs change, and how can I stay updated? " "Are there any U. S. -U. K. tax treaty provisions that affect ISAs? " "Can I contribute to both an ISA and a U. S. retirement account like a 401(k) or IRA? " "Are there specific reporting requirements for ISAs under U. S. tax law? " "Will the interest or gains earned in my ISA be subject to U. S. taxes? " This guide sheds light on the critical considerations and potential pitfalls of using ISAs for U. S. citizens in the U. K. , addressing key aspects like tax implications, reporting requirements, and strategic financial planning. As U. S. taxpayers navigate the intersection of U. K. savings options and U. S. tax obligations, understanding the nuances of ISAs becomes paramount in optimizing their international financial portfolio and ensuring compliance with the tax regulations of both countries. ISAs for Americans Individual Savings Accounts (ISAs) in the United Kingdom offer appealing tax advantages for U. K. residents, but U. S. taxpayers living in the U. K. face unique challenges when considering ISAs for themselves or their children. Here we delves into the complexities of using ISAs as a U. S. taxpayer in the U. K. , providing insights for both personal and child savings. Understanding ISAs for an American ISAs are a popular savings vehicle in the U. K. , allowing individuals to save money tax-free. There are various types of ISAs, including Cash ISAs, Stocks and Shares ISAs, Innovative Finance ISAs, and Junior ISAs for children. The attraction of ISAs lies in their tax efficiency – the interest, dividends, and capital gains earned within ISAs are not subject to U. K. tax. U. S. Tax Perspective of ISAs For U. S. taxpayers, the global income tax obligation poses a significant challenge. The U. S. Internal Revenue Service (IRS) does not recognize the tax-free status of ISAs, meaning that any income or gains generated within these accounts may be taxable in the U. S. This disparity creates a potential tax liability and complex reporting requirements for U. S. citizens and residents. ISAs for U. S. Taxpayers: Tax Reporting Requirements: U. S. persons must report their foreign accounts, including ISAs, under the Foreign Bank Account Report (FBAR) and Foreign Account Tax Compliance Act (FATCA). Taxation on Gains: Any gains or income from ISAs must be reported on U. S. tax returns, potentially leading to double taxation, despite the tax-free status in the U. K. Professional Advice: It’s crucial for U. S. taxpayers to consult with cross-border financial experts to understand the implications and navigate the compliance requirements effectively. ISAs for Children of U. S. Taxpayers: Junior ISAs: These are popular for U. K. residents to save for their children's future. However, for children who are U. S. citizens or residents, the same tax and reporting challenges apply. U. S. Tax Implications for Children: Earnings in a Junior ISA are subject to U. S. taxation and reporting, which could diminish the benefits of the account under U. S. tax laws. Alternative Strategies: U. S. taxpayers might consider other saving mechanisms for their children, which align more closely with both U. K. and U. S. tax regulations. Strategies and Considerations: Understanding the Costs and Benefits: Weigh the tax benefits in the U. K. against the U. S. tax liabilities and reporting obligations. Exploring Alternatives: Look into other savings and investment options that might be more tax-efficient for U. S. taxpayers. Regular Consultation with Tax Professionals: Engage with tax advisors who specialize in U. S. -U. K. taxation to stay informed about changing laws and regulations. While ISAs offer attractive benefits for U. K. residents, U. S. taxpayers in the U. K. must carefully consider the implications under U. S. tax law. This is especially pertinent when saving for children with U. S. citizenship or residency. By understanding the complexities and seeking professional advice, U. S. taxpayers can make informed decisions about using ISAs and other savings options, ensuring compliance and optimizing their financial strategy in both the U. K. and the U. S. U. S. Reporting Requirements for UK ISAs Here is a simple guide to demystify the process, providing clear answers to common questions about the intersection of UK ISAs and U. S. tax obligations. What are the U. S. Reporting Requirements for a UK ISA? U. S. persons with a UK ISA are subject to comprehensive reporting requirements which may include: FBAR (FinCEN Form 114): To report foreign financial accounts if the total maximum balances exceed $10,000 at any point during the year. Form 8938 (FATCA): For reporting specified foreign financial assets if they meet the threshold requirements. Form 3520: Required for reporting transactions involving gifts, inheritances, or trust distributions from foreign entities. Form 8621: For investments in Passive Foreign Investment Companies (PFICs), a category that many UK ISA investments may fall into. What is the Annual Investment Limit for a UK ISA? The annual contribution limit for a UK ISA is typically around £20,000. Restrictions apply to the number of different ISA types you can contribute to each year. How is an ISA Taxed in the UK? In the UK, an ISA benefits from tax-free growth. This means that all interest, dividends, or capital gains generated within the ISA are exempt from UK taxation during the growth phase. Is Reporting My UK ISA on an FBAR Necessary? Yes. If the aggregate maximum balances of all foreign financial accounts, including UK ISAs, exceed $10,000 at any time during the year, reporting on an FBAR is mandatory. Use our simple IRS Reporting calculator as a guide. What are the Thresholds for Reporting on Form 8938? The reporting thresholds for Form 8938 depend on filing status and residency: In the U. S. : Single or filing separately starts at $50,000 at year-end or $75,000 at any point during the year. For married filing jointly, the thresholds are $100,000 and $150,000, respectively. Outside the U. S. : For individuals, thresholds start at $200,000 at year-end or $300,000 at any time. For married filing jointly, the figures are $400,000 and $600,000, respectively. When is Form 3520 Required? Form 3520 must be filed upon receiving a gift, inheritance, or trust distribution from a foreign person or entity if it exceeds certain thresholds: more than $100,000 from a foreign person, or more than $16,076 from a foreign business. Why is Form 8621 Significant for UK ISAs? Form 8621 is crucial for reporting PFIC investments, a common component of UK ISAs. The form is required for detailed analysis and reporting of such investments, especially in cases of excess distributions. Use our simple IRS Reporting calculator as a guide. ISA reporting for investing in a UK fund? UK mutual funds are a Passive Foreign Investment Company (PFIC) for purposes of US taxation. An entity is a PFIC if either of the following is true: Income Test: At least 75 per cent of the corporation’s gross income is from passive sources, including dividends, interest, rents, royalties, and some types of income. Asset Test: More than 50 per cent of the corporation’s assets actively produce or have been acquired for the purposes of passively producing income. The most popular active funds in the UK (for example Baillie Gifford American, Fundsmith Equity, HL US Fund, Jupiter India Rathbone Global Opportunities) and passive funds (for example Fidelity Index World, Legal & General Global Technology Trust, Legal & General International Index, Legal & General US Index, Legal & General US Index) are Passive Foreign Investment Company (PFIC). The IRS will tax the profits of the PFIC even if they've not been sold. Effectively, a profit on paper in an ISA can be taxed by the IRS before you even have the cash in your hand. Unrealized gains are being taxed, there are any exemptions or exclusions to tax on your PFIC. For example, income is taxed at a lower level, but it is dependent on each individual situation and respective income. Typically, an individual can elect a Mark-To-Market or Qualified Electing Fund (QEF) treatment for their PFIC. It's generally best to avoid mutual funds in an ISA and Edale do not use UK or EU Open-Ended Investment Company (OEIC) ,Unit Trust, Exchange-Traded Fund (ETF), Société d'Investissement à Capital Variable (SICAV), Fonds Commun de Placement (FCP), Undertakings for Collective Investment in Transferable Securities (UCITS), European Long-Term Investment Fund (ELTIF), Alternative Investment Fund (AIF), Real Estate Investment Trust (REIT) some list examples are okay or Investment Company with Fixed Capital (Société d'Investissement à Capital Fixe - SICAF). Note The intricacies of U. S. tax implications and reporting for UK ISAs underscore the importance of seeking specialized tax advice. Navigating these obligations efficiently can ensure compliance and potentially optimize the tax benefits of your international savings. For personalised guidance and to ensure compliance with the latest tax regulations, consulting with a tax professional experienced in cross-border issues is highly recommended. Here to help Edale is an accessible expert. A partner for your financial success. Embark on your journey towards financial clarity and success with Edale Investments. Whether you want to optimize your international investments, plan for your retirement, or seek comprehensive wealth management solutions, our team is ready to assist you. Contact us today to schedule a consultation and take the first step towards realizing your financial aspirations. Contact edale easily Click to call to speak with us WhatsApp chat support your needs We’ll be backI had an excellent experience with Lawrie, who demonstrated a deep understanding of the complexities involved with our dual UK/US citizenship. In just a brief meeting, he provided specific advice and tailored recommendations that addressed our unique financial situation. His expertise and clear communication were incredibly helpful. Highly recommended! DominicVery knowledgeable, great experience with EdaleI had a chat with Lawrie today. Very lovely to chat to and clearly knows his stuff. He gave me some good advice and I really appreciated it. Would definitely recommend him and Edale in the future. AdamVery polite and friendly and helpful! Our situation is a little complex, and although Lawrie couldn’t help directly they recommended a couple of other companies for us to contact. Many thanks! LisaVery thorough and pertinent advice from Lawrie. He has ample patience for someone my age and didn’t make me feel rushed or under pressure. I have complex tax and investment needs covering both the US and UK. My goal is to retire in the UK after many years of working in the US. This is a daunting move with tax consequences if done without advice. I was given advice for my personal situation and investment goals, and so far am very impressed with the advice I have received from edale. I look forward to working with edale in the future. VivienI had a long conversation with Lawrie Chandler to explore the financial implications of moving my tax residency from the US to the UK. I found his knowledge of the pros and cons very helpful. Some specialists in international relocation and tax affairs who will give only a short interview and are sparing in their advice until you sign up and pay their fees. From my experience, Edale let’s you explore the many what-ifs in a friendly exchange of views and options. My instinct tells me that the company focuses on long-term relationships built on trust and mutually beneficial results. MarkKnowledgeable, concise and accessible. Lawrie was extremely helpful in bringing clarity to my situation and advising the best way to handle my US investments and pension while living in the UK. I appreciate his concise approach with no sales pitches. KarenQuestions relating to access to my 401K pensionI had some questions relating to access to my 401K pension . Lawrie was extremely helpful and patient in explaining the tax implications of several scenarios. Excellent service! ImogenVery generous time and interest. Advice that I hadn’t found anywhere else. Thanks! Lawrie was very generous with his time and interest and gave me excellent advice that I hadn’t found anywhere else. Thanks! JimmieSuper speedy and extremely helpful response! I had a pressing query about US/UK banking and received a speedy (same evening! ) extremely helpful response. Thank you so much! FrevisseFantastically knowledgeable helpAsked for a Zoom interview as I was confused about the likely tax rates and how to proceed on my little US retirement savings from a two-year employment some years ago, being a permanent UK resident and finally old enough to take them out. Laurie clearly knew the exact situation, helped me to understand the jargon, could answer all my questions easily, and showed me clearly how to proceed so as to end up paying a much smaller tax rate than the scary 30% that I’d seen banded about on websites. No attempt to sell me anything I didn’t need, and a complete understanding that my income and savings are small and not ‘big gun’ investments. Very very helpful – thank you so much! ClarePhoned on the off chance. Got very helpful signpostingI phoned up on the off chance and was given a very helpful overview of my situation by Lawrie. I would certainly come back for more advice should it be necessary. KathrynMost helpful Knowledge and guidance offered through generosity and sincerity. Deeply appreciated blue ribbon customer service. I’m currently going through a divorce and was in desperate need of financial help and guidance. I’m a US American living in the UK. I was searching for someone who knows, and could give financial advice for both sides of the pond; so to speak. I also was wanting a small and personal, yet local group in Surrey. Laurie offered his time, pro bono, to help walk me through and do all the necessary math to get the information I was needing. He did this knowing I had no money to invest (or even give advice on) at that time. This is customer service at its very best. I think I almost cried when he said he could help me with that free of charge! StacyAmazingly helpfulLawrie was so helpful and patient, going through form with me to make sure I understood what I needed to fill in for a complicated matter. KatieEdale were very helpful giving advice about how to handle taxes for US/UK dial citizens living in the UKI chatted with Edale to find answers to a number of questions I had about how to manage taxes when a dual US/UK citizen living in the UK. They were very familiar with the... --- - Published: 2024-01-26 - Modified: 2024-01-26 - URL: https://edale.co/accelerate/resources-to-assist-with-sales-and-access-to-finance/ The following table summarises some of the resources that Edale signpost to help businesses generate sales leads/channels or to track to access sources of finance. Public procurement site All central, local government and public agencies need to advertise their purchases via a procurement site. These tender notifications are a good resource to mine forsuitable sales leads. Some procurement websites charge a fee to access the tenders. Bidstats is a useful resource that uses relevant keywords to search for tenders the business can see and then connect to the buyer's procurement site. This is a zero cost resource to find prospective sales. www. bidstats. uk International procurement site For businesses seeking to operate abroad the Department of International Trade has a procurement sight that is linked or overseas databases but also updated by trade advisers in each local embassy around the world. This is a zero-cost resource to find prospective sales. https://www. great. gov. uk/export-opportunities/ Grants and loans from the UK Government Find government-backed support and finance for business. https://www. gov. uk/business-finance-support Competition and funding source Get coverage of government and EU funding opportunities. Registration is required. https://funding. idoxopen4community. co. uk/northumberland European partnership opportunities Enterprise Europe Network provides support for Small and Medium-sized Enterprises with international ambitions. It has Europe's largest online database of business opportunities. Find, post or search for opportunities. https://een. ec. europa. eu/partners Tradeshow Access Programme (TAP) The Department of International Trade helps businesses exporting or thinking about exporting from the UK to attend selected overseas trade shows and conferences and get grants to offset some costs. https://www. gov. uk/guidance/tradeshow-access-programme --- - Published: 2023-11-16 - Modified: 2025-06-09 - URL: https://edale.co/wealth-advice/saving-and-investing-where-your-child-an-american-citizen-in-the-uk/ Saving for a sibling or children in the UK is a wise decision but if they are American citizens or passport holders it will be more complicated. U. S. persons often face challenges when trying to open investment accounts in the UK due to a combination of U. S. and UK financial regulations. Additional complications arise for Edale is a financial adviser firm that can assist with overcoming these pains and help set up accounts for your children, whether its a cash savings account to get presents paid in or for money from Santa or the Easter Bunny; through to stocks and shares portfolio. We can help parents with financial advice and create accounts for your child, sibling or children, irrespective they are American citizens and living in the UK. We are financial advisors here to help with general savings and tax-efficient investment plans that are US and UK tax compliant. Book Appointment Complication your children with US passports face with savings and investments in the UK FATCA Compliance: The Foreign Account Tax Compliance Act (FATCA) requires foreign financial institutions to report the financial information of U. S. persons to the IRS. Many UK banks and investment firms may find these reporting requirements onerous, leading them to be hesitant or even refuse to open accounts for U. S. persons. Regulatory Burden: The compliance costs and regulatory burden associated with servicing U. S. clients can be high for UK financial institutions. This includes the need to understand and adhere to both UK and U. S. regulations, which can be complex and time-consuming. Tax Reporting Requirements: U. S. persons are subject to U. S. tax on their global income, including any income from investments made in the UK. This requires them to file additional tax forms and potentially pay U. S. taxes on their UK investments, complicating their tax situation. Risk of Dual Taxation: While the U. S. and UK have a tax treaty to prevent double taxation, navigating the treaty can be complex. There's a risk of dual taxation if the investor does not correctly manage their tax liabilities in both countries. Limited Investment Options: Some UK investment products may not be suitable or available to U. S. persons due to either U. S. or UK regulations. For instance, many UK-based mutual funds are considered Passive Foreign Investment Companies (PFICs) under U. S. tax law, which can lead to unfavourable tax treatment for U. S. investors. Banking Policies: Individual banks or investment firms in the UK may have their own policies that restrict services to U. S. persons. These policies might stem from the institution's risk management strategy, where they may view U. S. clients as high-risk due to the aforementioned regulatory complexities. Exchange Rate Risk: Investing in a different currency can introduce exchange rate risk. Fluctuations in the GBP/USD exchange rate can affect the value of the U. S. person's investments in the UK. Cultural and Practical Barriers: Differences in investment culture, market practices, and time zones can also pose practical challenges for U. S. persons managing investments in the UK. Investment options we can offer Americans in the UK Edale can advise a wide range of tax-efficient wrappers for American children in the UK. These are most commonly Junior ISA (Cash and Stocks & Shares): enabling clients to invest in a tax-efficient way on behalf of a child. Cash Junior ISA for American child Purpose: Allows saving money in the form of cash. Interest: Earns tax-free interest, similar to a standard savings account. Risk Level: Low risk as the capital is secure (subject to the solvency of the bank or building society). Accessibility: The funds are locked until the child turns 18, except in exceptional circumstances. Contribution Limits: There is an annual limit on how much can be contributed. For the tax year 2022/2023, this limit is £9,000. This limit is shared between any Cash and Stocks & Shares Junior ISAs the child might have. Stocks & Shares Junior ISA for American child Purpose: Invests in stocks, shares, bonds, and other investment vehicles. Returns: Potential for higher returns compared to a Cash ISA, but with more risk. Risk Level: Higher risk, as the value of investments can go up as well as down. Accessibility: Like the Cash ISA, funds cannot usually be accessed until the child turns 18. Contribution Limits: Shares the same annual contribution limit as the Cash Junior ISA. Management: Can be managed by a parent or guardian, but the investment choices are often broader than in a Cash ISA. Common Features of Both Types: Age Eligibility: Available for children under 18 who live in the UK. Tax Benefits: No tax on interest or investment gains. Ownership: The account is in the child's name, but a parent or guardian must open and manage the account until the child turns 16. Transferability: Funds or investments can be transferred between different Junior ISA providers. Conversion at 18: On the child’s 18th birthday, the Junior ISA automatically converts into an adult ISA, allowing the child to continue benefiting from tax-free savings or investments. Considerations: Long-Term Commitment: Funds are locked away until the child's 18th birthday. Investment Risks: The Stocks & Shares Junior ISA carries investment risks, and the value can fluctuate. Contribution Limits: Total contributions across both types of Junior ISAs must not exceed the annual limit. No Withdrawals: Other than in exceptional circumstances, funds cannot be withdrawn until the child is 18. Parents and guardians considering opening a Junior ISA should think about their long-term savings goals for their child, their risk tolerance, and how the ISA fits into their overall financial planning. Junior SIPP for American Child Purpose: Allows saving money specifically for retirement purposes, benefiting from tax relief on contributions. Returns: Investments in a Junior SIPP have the potential for significant growth over the long term, depending on the performance of the chosen investments. Risk Level: Varies depending on investment choices. Lower-risk options like bonds are available, but higher returns may require investments in stocks, which carry higher risks. Accessibility: Funds are locked until the child reaches the minimum pension access age (currently 55 in the UK, rising to 57 in 2028), except in cases of severe illness or death. Contribution Limits: Contributions are capped at £3,600 per year (gross). This includes tax relief of 20%, meaning you can contribute £2,880, and the government will top it up to £3,600. Management: A parent or guardian manages the account until the child turns 18. After that, the child assumes control of the account. Our Happy Clients "Excellent! Great advisor. Lawrie is a great advisor, he has shown us clearly and simply how financial instruments work and what options we have. He has dedicated all the necessary time and has been proactive. " Jonathan, Operations Director "My complications ended when I came across Edale" Jose,Oil and Gas Engineer "First class service. Have only been with Edale for a short while but so far they have been very attentive and demonstrated a clear understanding of my financial planning requirements. Very impressed. " Paul,Director of Group HR Financial advice that solves your child's need and complications Edale focuses on supporting savings for children to give them a financial start in life. The technical difficulties to invest as a child should not be limited Product to suit your child's residency and citizenship We can advise a UK personal pension plan and individual savings account that is designed especially for holders of US Passports. Flexible amounts with no minimum We advise clients of all sizes and wealth. From the shopfloor to the boardroom. There is no minimum despite being in a unique situation. US tax efficiency for UK pension savings The UK + US tax treaty, allows for efficient savings and access where other financial institutions may turn you away. Frequently Asked Questions Parents living in the UK with an American child looking to invest for their future have a range of questions, reflecting the unique financial, tax, and legal implications of their situation. Here are a few of the common questions we get asked. Can my American child get an ISA (individual savings account)? In short Yes, but its not commonly available and needs some guidance to ensure value for money, compliance with UK + US laws and suitabile for the longterm. What's the catch? There are two hurdles; here's a short answer on these. (1) most product providers do not accept US Citizens as it puts reporting obligations on them which is too much hassle so they close the door to everyone with a US Passport. And (2), reporting obligation to the IRS - this can be a headache for the parent. The headache is eased with threshold and ensuring that suitable investments are held. The rule is not to buy assets in the ISA that are non-compliant with the IRS tax rules. How much should I put into an ISA for my child? The answer depends on several factors, including your financial goals, the time horizon until your child will need access to the funds (an ISA is only accessible when they are 18years old), and your current financial situation. Let's break down a strategy that involves both a lump sum investment and monthly contributions. Initial Considerations Product Setup Costs: Initial costs can include platform fees, fund management charges, and any advice or transaction fees if you're using financial advisory services. These costs can vary widely depending on the provider and the investment choices you make. ISA Allowance: For the tax year 2023/24, the annual allowance for a Junior ISA is £9,000. This limit applies to the total contributions for the year across both cash and stocks and shares JISAs. Investment Time Horizon: The longer the investment period, the more potential for growth due to compound interest. Consider when your child will gain access to the ISA (currently at age 18) and your financial goals for the fund (e. g. , university fees, first car, house deposit). Lump Sum Investment A lump sum investment has the advantage of immediately being exposed to the market, which can be beneficial in a long-term investment due to compounding growth. The amount of the lump sum will depend on your available resources and the product setup costs. Assuming you have already accounted for the setup costs: If you can afford it, an initial lump sum of anywhere from £1,000 to £5,000 can be a strong start, leaving room for additional contributions up to the £9,000 annual limit. Monthly Contributions After accounting for the lump sum and setup costs, monthly contributions can help in dollar-cost averaging, reducing the impact of market volatility. The amount should be what you can comfortably afford without impacting your financial stability. To maximize the ISA's potential, consider monthly contributions that will bring you close to but not over the annual limit by the end of the tax year. For instance, if you've invested a £3,000 lump sum, you could contribute £500 monthly (£6,000 over 12 months) to reach the £9,000 limit. Calculation Example Let's do a simple calculation excluding product setup costs: Initial lump sum: £3,000 Monthly contribution: £500 for 12 months = £6,000 Total annual contribution: £9,000 This strategy fully utilizes the annual JISA allowance, offering a balanced approach between making a significant initial investment and spreading the risk with regular contributions. Final Thoughts Remember, the key to successful investing is consistency and choosing investments that match your risk tolerance and time horizon. It's also essential to periodically review your investment choices and adjust your contributions as your financial situation changes or as your child approaches the age of 18. Consulting with a financial advisor can provide personalized advice tailored to your situation, ensuring that you're making the most of the opportunities available while considering all relevant costs and allowances. My child was recently born in the UK and I want to save but they are a US Citizen. What can I do? For a child who holds both UK and US citizenship but is resident in the UK its quite straightforward: if the child is a UK resident, they can have a Junior ISA, and it grows tax-free. There are reporting obligations to the IRS and you need to ensure compliant investments are held but this is easily achieve with advice What investments can I buy for my American child in an ISA? We can offer both stocks and shares as well as Cash ISAs. What are the tax implications for my American child if we invest in the UK? Understanding the tax obligations in both the UK and the US is crucial, as the child may be subject to taxation in both countries. Can my American child have a Junior ISA (JISA) or a Child Trust Fund (CTF) in the UK? These are popular investment vehicles for children in the UK and are possible ISAs are generally more common for our clients, but eligibility and tax implications for US citizens do require clarification and parents to be aware. What are the best investment accounts for children with dual citizenship? Parents can seek advice on accounts that are favourable in terms of tax and flexibility for children who hold both UK and US citizenship. How do we report our child's investments and income to the IRS and HMRC? Navigating the reporting requirements for child investments in the US and UK tax systems can be complex. There are methods to make this easier but its not always wise to DIY (Do It Yourself). Are there any specific financial planning strategies for US expats with children in the UK? Yes. We can assist you to understand these and pick the most suitable. It seems to hard to bother. Dont be frustrated. For parents investing for their American children in the UK it should not feel too onorous. If you've got as far as reading this page you want to provide the gift of financial security, not have the burden of tax complexity, so let us help you. document. querySelectorAll('. faq-question'). forEach(item => { item. addEventListener('click', function { var answer = this. nextElementSibling; if (answer. style. display === "block") { answer. style. display = "none"; } else { answer. style. display = "block"; } }); }); Invest in compliance with UK and US rules Few financial service providers and tax-free savings accounts allow US citizens. We can advise you and ensure tax efficiency for your child's incestemtm. Everyone's needs are different so to discuss your case call us or message us. Helping US passport holders with UK savings We can help a range of American and American passport holdings resident in the UK. Dual citizens Americans living in Britain Brits with US passports living in UK Contact edale easily Click to call to speak with us WhatsApp chat support your needs Book an appointment Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First... --- - Published: 2023-08-07 - Modified: 2023-08-07 - URL: https://edale.co/introducer-agreement/ Full name of Introducer (individual or Firm) Your email address Physical address A copy of this agreement will be sent to this email address 2. Purpose 2. 1 The purpose of this agreement is to detail the basis under which the introduction of clients (‘the Client’) will be made by ‘the Introducer’ to ‘the Firm’. 3. Introductions from FCA Regulated Advice Firms 3. 1 Each party shall make it clear in its communications with the persons introduced under this agreement that ‘the Client’, is a client of ‘the Firm’ only for the purposes for which they were referred and that ‘the Introducer’ is not providing any part of this advice and shall have no liability to ‘the Client’ in respect of the services provided by ‘the Firm’. 3. 2 Both parties have, and will maintain, authorisation under the Financial Services and Markets Act 2000 (FSMA) with relevant permissions from the Financial Conduct Authority (FCA) to carry out the duties and supply the services provided for under this agreement. 3. 3 ‘The Firm’ shall comply with all FCA Rules in respect of its conduct of the provision of the specified advice and these requirements cannot be absolved or transferred to another party. 3. 4 ‘The Firm’ will not solicit or seek to entice away from ‘the Introducer’ any person that is introduced to them under this agreement and shall not carry on any regulated activity for ‘the Client’ apart from that for which they were referred to ‘the Firm’. 3. 5 Provided that ‘the Client’ has completed all required on-boarding checks, has signed ‘the Firm’ Terms of Business and has provided all appropriate information to ‘the Firm’, and that ‘the Firm’ has no conflict of interest in acting for ‘the Client’, ‘the Firm’ will provide ‘the Client’ with the agreed advice. 3. 6 ‘The Firm’ shall notify ‘the Introducer’ if they are subject to a regulatory review that imposes restrictions or removal of its permissions or if ‘the Firm’ is otherwise unable to provide the required advice. 3. 7 ‘The Firm’ will not divulge confidential information relating to the investment business of ‘the Introducer’. 3. 8 ‘The Introducer’ shall ensure each introduced client has agreed to be referred to ‘the Firm’ for the purposes of the provision of the specified advice. 3. 9 ‘The Introducer’ shall comply with all applicable laws and the Rules and Principles of the FCA insofar as are relevant to Introducers and any prohibitions and restrictions made from time to time by the FCA. 3. 10 ‘The Introducer’ shall ensure that in all relevant dealings with ‘the Client’, its status as an Introducer to ‘the Firm’ is clearly stated and will not hold itself out as having any other relationship with ‘the Firm’ other than that of an Introducer. 3. 11 ‘The Introducer’ will be entitled to attend any meetings between any client and ‘the Firm’, subject to the agreement of ‘the Client’. 3. 12 Both parties shall undertake to not do, or omit to do, anything that may bring either party into disrepute. 3. 13 ‘The Firm’ and its Registered Individuals hereby agree to advise present and future clients introduced by ‘the Introducer’ in a manner consistent with their current standard disclosure documentation, which will be issued to each client introduced. ‘The Firm’ and its Registered Individuals shall undertake to maintain the highest possible standard of service, professionalism and integrity in connection with advice given to and conduct of business undertaken for clients introduced by ‘the Introducer’. 3. 14 ‘The Firm’ is permitted to provide advice on and arrange transactions in Investments, Pension, and other services permitted by the FCA license. Our FCA reference number is 812332. Provision of Advice to the clients of FCA Regulated Advice Firms 3. 15 ‘The Firm’ will be responsible for providing the recommendation in written form to ‘the Client’ in a timely manner, and as set out by the FCA Handbook. 3. 16 ‘The Firm’ will accept full responsibility for discharging all obligations placed upon it by the Financial Conduct and Markets Act 2000 (FSMA 2000), when making a recommendation. This will include, but is not limited to, know your client, research, suitability reports, provision of product information and literature and the advantages and disadvantages of the advice, including any risks involved. 3. 17 Unless agreed otherwise prior to ‘the Firm’ accepting the case, on completion of any advice ‘the Firm’ will require the new plan to be transferred to the servicing agency of ‘the Introducer’ where ‘the Introducer’ is FCA regulated. This plan transfer will be arranged by ‘the Introducer ‘and all on-going advice will be the responsibility of ‘the Introducer’. ‘The Introducer’ is responsible for arranging the transfer of the new plan to their own servicing agency. Where ‘the Introducer’ has not arranged the transfer of the new plan to their own servicing agency within 6 months, ‘the Firm’ will arrange ongoing servicing with the client. 3. 18 ‘The Introducer’ will agree that, once they take over the servicing of the new plan, they will accept full responsibility for providing ongoing reviews and services in accordance with their terms of business and practice standards, including, but not limited to: • Monitoring the fund selection and fund performance • Recommending fund changes and rebalancing portfolios • Explaining the taxation consequences of any withdrawals • Reviewing ‘the Client’s’ attitude to risk, capacity for loss and changes to their health and other circumstances • Confirming at regular client reviews, the continued suitability of the product. Once the new plan is set up and all fees have been settled, you may authorise the new provider to transfer the plan, funds and future servicing to your own IFA practice. 4. Introductions from non-FCA Regulated Firms e. g. Accountants and Solicitors 4. 1 ‘The Client’ will become ‘the Firm’s’ client for financial services, and ‘the Firm’ will undertake to retain records of business arranged in accordance with the requirements of the Financial Conduct Authority. 4. 2 ‘The Introducer’ is making introductions with a view to the provision of advice on investments, pensions, regulated mortgage contracts, and non-investment insurance contracts generally; these are excluded activities under Articles 33 and 33A of the Regulated Activities Order. It is the Introducer’s responsibility to ensure that the conditions for meeting these exclusions are adhered to. 4. 3 ‘The Introducer’ may not receive any money (other than money due on his own account) paid by ‘the Client’. 4. 4 ‘The Introducer’ shall ensure that in all relevant dealings with ‘the Client’, its status as an Introducer to ‘the Firm’ is clearly stated and will not hold itself out as having any other relationship with ‘the Firm’ other than that of an Introducer. 4. 5 ‘The Firm’ and its Registered Individuals hereby agree to advise present and future clients introduced by the Introducer in a manner consistent with their current standard disclosure documentation, which will be issued to each client introduced. ‘The Firm’ and its Registered Individuals shall undertake to maintain the highest possible standard of service, professionalism and integrity in connection with advice given to and conduct of business undertaken for clients introduced by ‘the Introducer’. 4. 6 ‘The Firm’ is permitted to provide advice on and arrange transactions in Investments, Pension, Mortgage and Non-Investment Insurance Contracts. Our FCA reference number is 812332. 4. 7 Both parties shall undertake to not do, or omit to do, anything that may bring either party into disrepute. 5. Remuneration Arrangements 5. 1 ‘The Firm’ agrees to pay ‘the Introducer’ a share of any implementation fee received by ‘the Firm’ at a rate agreed on a reviewable and ongoing basis, from transactions on behalf of clients introduced by ‘the Introducer’. This agreed share shall be paid to the Introducer immediately after the payment is received by the Firm. All renewal commission will be retained by ‘the Firm’. Please see our separate remuneration schedule. 5. 2 Should any product provider reclaim any payment already paid, for any reason, this will, at ‘the Firm’s’ discretion, either be offset against future payments due to ‘the Introducer’ or be repaid by ‘the Introducer’ to ‘the Firm’ within fourteen days of demand. ‘The Introducer’ hereby agrees to indemnify ‘the Firm’ fully in respect of the Introducer’s share of any payment reclaimed. 5. 3 Any additional fees charged by ‘the Introducer’ for referring ‘the Client’ to ‘the Firm’ would be at the discretion of ‘the Introducer’, agreed with ‘the Client’ and collected by ‘the Introducer’. 5. 4 ‘The Introducer’ may have a duty to disclose to introduced clients any payment or other reward or advantage received from ‘the Firm’ for making the introduction. This will be the responsibility of ‘the Introducer’. 6. Customer Confidentiality 6. 1 In respect of the maintenance of confidential information both parties acknowledge their own responsibilities for keeping all customer personal data secure under the General Data Protection Regulation (GDPR) and any replacement legislation thereafter. 6. 2 Confidential Information means all information (including oral and visual information and all information recorded in writing or electronically or in any other medium or by any other method) concerning the operations, processes, plans, intentions, trade secrets, market opportunities, customers and business affairs of both parties or the clients which is not in the public domain and which has been disclosed by one party to this agreement to the other. 6. 3 Both parties agree to maintain secret and confidential all Confidential Information. Nothing in this clause shall impose an obligation on a party to treat information relating to this agreement as confidential. 6. 4 Any client information obtained by each party remains the sole property of that firm and will be retained in accordance with the rules as laid down by the FCA. 7. Dispute Resolution 7. 1 Any complaint received by either party under the provision of this agreement will be immediately notified to the other party. 7. 2 Each party will co-operate fully in the investigation and resolution of any complaints from clients under the provisions of this agreement. 7. 3 No party will divulge information relating to the complaint with the other party, other than its instigation and outcome, unless instructed by ‘the Client’. 7. 4 The requirements in respect of dispute resolution shall not be affected by the termination of this agreement. 8. Termination 8. 1 This agreement may be terminated at any time without penalty by either party giving notice in writing to that effect to the other party. Such termination will not affect the rights of either party in respect of business already completed or in the process of being completed. 8. 2 Termination of this agreement for any reason shall not bring to an end the confidentiality obligations on the parties hereto. 8. 3 It is further agreed that ‘the Introducer’ may only hand over ‘the Firm’ marketing brochures to clients or prospective clients and is specifically prohibited from completing any application forms, which will be processed by ‘the Firm’. 9. Legal 9. 1 This Agreement excludes any rights which may be conferred upon third parties by the Contracts (Third Party Rights) Act 1999 and is governed by and shall be construed in accordance with English Law and the parties shall submit to the exclusive jurisdiction of the English Courts. Signed by (draw signature) for and on behalf of Signed by Position --- - Published: 2023-04-11 - Modified: 2023-04-11 - URL: https://edale.co/case-study-interview/ Book your case studies directly at a time that suits you. Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? --- - Published: 2023-02-23 - Modified: 2023-02-23 - URL: https://edale.co/scale/ The DigitalCity SCALE programme has been designed for digital business leaders in the Tees Valley to equip them with the digital knowledge they need to grow. 7 workshops 11 topics 8hrs 1:1 advice numerous guest speakers About the host Realworld insights I always love the energy these scaling groups create and the transformative effects they can have in business. Edale has launched numerous portfolio businesses from our search for ideas and growth opportunities. We'll bring in best practices and strategic approaches we've used across the country running these programmes. We look forward to face-to-face events starting Wed 8th. Lawrie Chandler Previous cohort feedback "Really valuable session, with an excellent host that really dived into my business to help me the best he could. " "Very helpful program both to hear peers & get the expert opinions. " "Fantastic tuition and expert guidance. Thank you for your support. " Programme dates The programme is FREE to eligible* Tees Valley-based businesses. Workshop 1 – Induction / Design Thinking: Wednesday 8th February 2023Workshop 2 – Customer & Value Proposition: Wednesday 22nd February 2023Workshop 3 – Strategy and Protections: Wednesday 8th March 2023Workshop 4 – Sales and Marketing: Wednesday 22nd March 2023Workshop 5 – Funding Ready & Making Cash: Wednesday 5th April 2023Workshop 6 – Leadership & Management: Wednesday 19th April 2023Workshop 7 – Execution: Wednesday 3rd May 2023 Book your 1:1 clinic(s) For approved companies, register for your 1:1 advice clinic. You can have up to 8 hours as part of the programme. Booking form is now closed Edale Enterprises Limited is an appointed supplier to Teesside University for the SCALE programme. Visit the official Digital City page at https://thedigitalcity. com/services/scale-programme/ to see Edale is an authorised and appointment supplier. --- - Published: 2022-07-26 - Modified: 2022-08-08 - URL: https://edale.co/a4g/ Here are aids to assist with the development of a precise and articulate grant application. These aids accompany the workshop from AIM for GOLD Dudley. Tier 1 Gateway document checklist Tier 1 Gateway document checklist Date: 2022-08-08 09:09:21 Tier 2 & 3 Gateway document checklist Tier 2 & 3 Gateway document checklistThe checklist of documents needed for the larger grant. A4G-012C Date: 2022-08-08 09:09:18 AIM for GOLD Grant workshopPresentation from the AIM for GOLD workshop Date: 2022-07-27 14:43:24 Tender Justification Form for SMEs with less than 3 quotes Tender Justification Form for SMEs with less than 3 quotesA4G-020A form to support where less than three quotes are provided. Date: 2022-07-26 12:09:15 Low Value Procurement Form & Conflict of InterestA4G-019 Form for use when getting a low-value quote and providing supporting evidence. Date: 2022-07-26 12:09:12 High Value Procurement Form & Conflict of InterestA4G-018 Form for use when trying to get a high-value quote and provide supporting evidence. Date: 2022-07-26 12:09:08 Tier 1 £1000 TO £5000 Grant Application Form Tier 1 £1000 TO £5000 Grant Application FormA4G-012B The full grant application form for Tier 1 grants. Date: 2022-07-26 12:09:05 £5001 to £50000 Grant Application FormA4G-012A The full grant application form for Tier 2 grants. Date: 2022-07-26 12:09:00 Edale Marcoms plan Edale Marcoms planTemplate for the creation of a marketing communications plan Date: 2022-07-12 07:44:32 Template Financial Model Template Financial ModelFinancial model to assist with creating a profit and loss forecast and cashflow statement Date: 2022-07-12 07:33:55 --- - Published: 2022-07-12 - Modified: 2022-07-12 - URL: https://edale.co/aids-for-clean-growth-uk/ Here are aids to assist with the development of a precise and articulate business plan. These aids accompany the workshop from Clean Growth UK. Collection of One-Page Strategic tools that are simple yet powerful to help you craft an industry-dominating strategy Date: 2022-07-12 07:43:43 Template Financial Model Financial model to assist with creating a profit and loss forecast and cashflow statement Date: 2022-07-12 07:33:55 Big Marketing List Collection of marketing channels to consider for promoting your business. Date: 2020-11-19 18:52:13 --- - Published: 2022-06-07 - Modified: 2022-07-21 - URL: https://edale.co/worc-jubilee/ Montage Video Final Docu Film Final --- - Published: 2022-03-01 - Modified: 2022-03-01 - URL: https://edale.co/bizgateway-finance/ Book your 1 hour advice clinic Book your free apointment with Edale through this form. You need to have completed your registration with the Growth Hub prior to booking. If you hve recieved confirmation from the growth hub this link will be shared with you. Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? --- - Published: 2022-01-18 - Modified: 2022-01-18 - URL: https://edale.co/book-business-support/ Book your initial meeting and diagnostic session with Edale through this form. This connects to our live diaries so you will receive a confirmation after completing the form. Our process works as follows: 30mins to get an outline of needs and requirements. Business intros. Edale prepare a proposal based on needs, time, homework and scheduleAcceptance of proposal and commence work. Flex in delivery if new focus or requirement. Update plan and stakeholder signoff. Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? --- - Published: 2021-08-25 - Modified: 2021-08-25 - URL: https://edale.co/experts-in-residence-for-marketing-and-finance/ Book your 1 hour advice clinic Book your free apointment with Edale through this form. You need to have completed a diagnostic with the Black Country Growth Hub prior to booking. Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? Edale Enterprises Limited is an appointed supplier to Black Country Growth Hub for the Experts in Residence Programme. Visit the official Worcestershire Country Council page at https://www. bcgrowthhub. com/experts-in-residence to see Edale is an authorised and appointment supplier. --- - Published: 2021-03-22 - Modified: 2025-06-09 - URL: https://edale.co/contact-us/discovery-appointment/ Book a business advisory appointment with Edale through this form. Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? Frequently asked questions --- - Published: 2021-02-16 - Modified: 2021-03-25 - URL: https://edale.co/winn-marketing/ This page contains marketing materials in development for WINN Innovation. Protected Area This content is password-protected. Please verify with a password to unlock the content. Enter your password Unlock --- - Published: 2021-02-08 - Modified: 2021-02-08 - URL: https://edale.co/peer-networks-11-session/ Peer networks offer 3. 5 hours of one to one business support per company. Book your sessions below. You may need to reset your password by selecting Returning User and enter your email. We have registered you on the booking system for the peer group sessions so this needs you to reset the password for your one to one session. Any problems booking please email Adrian and let him know your preference and we shall book these on our side. Availability is from 9am-5pm Monday, Thursday and Friday. Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? --- - Published: 2021-01-12 - Modified: 2025-06-09 - URL: https://edale.co/financial-advice-appointment/ Book your free apointment with Edale through this form. Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? Frequently asked questions Who are Edale? Edale are a regulated financial adviser and investment firm. The business is based in Surrey, UK but support clients across the UK and abroad. I am an expatriate client can we speak? Yes, we work with international clients. --- - Published: 2021-01-03 - Modified: 2023-02-24 - URL: https://edale.co/our-brands/ Innovating and always tinkering Since 2014 Edale has been involved in a range of initiatives to grow new businesses, take advantage of market gaps and opportunities we see. Some have these have failed. Others have grown into their own enterprises. We always seek new projects to add to our family. Our network of businesses, have expert teams working smart, hard and maintaining service excellence. Here are some of the businesses that we are involved in. Edale UK Management Regulated financial and investment business for private clients, institutions and organisations. Financial advice to venture deals. Visit financial advice pages Edale Enterprises Limited Edale is a business support specialist and technology. Hosting a creative agency, business mentors and coaches as well as economic programme development experts. An end-to-end enterprise support operation via people and technology. Edale Labs Edale's banner for technology solutions used by Edale UK Management Limited and Edale Enterprises Limited. Visit Edale Labs Bondsmart Fintech technology firm innovating wealth and capital markets. Investment platform for Financial Institutions to offer retail customers access in bitesize pieces of institutional bonds paying high incomes. Incubated in Edale to 2017 and a separate entity thereafter. Graduate of DIFC Fintech Hive 2018 and Barclays Eagle Labs Flight programme 2017. Bondsmart is a trading name of Good Company Wealth Limited. Visit bondsmart Bison HIll A design led apparel retailer. Taking advantage of the great creative talents we have met to make spectacular products that are made in small batches. Visit Bison Hill --- - Published: 2020-12-18 - Modified: 2021-01-07 - URL: https://edale.co/creative-fuse-bounce-back-funding/ The Creative Fuse Tees Valley The Creative Fuse Tees Valley masterclass series have been designed to help established SMEs and incorporated non-profits in the creative, cultural, heritage and digital sectors bounce-back from Covid-19 by harnessing financial resources and support. Book your mentoring clinic For approved companies register for your 1:1 session. Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? Edale Enterprises Limited is an appointed supplier to Teesside University for the this programme. Visit the official Digital City page at https://thedigitalcity. com/services/creative-fuse-tees-valley/bounce-back-funding-harnessing-financial-resources-and-support/ to see Edale is an authorised and appointment supplier. --- - Published: 2020-12-11 - Modified: 2021-01-07 - URL: https://edale.co/cwlep-peer-network/ Connect with other business owners and work through issues you face and grow together. Join our creative or hospitality weekly breakfast sessions and personal business support. Available through the first quarter of 2021. Coventry and Warwickshire Local Enterprise Partnership (C&W LEP) is rolling out the UK government’s Peer Networks initiative in your region. Edale has been appointed to deliver the creative industries and hospitality business streams. What you get We connect complementary businesses (rather than competitors) that can be collaborative partners (1 + 1 = 3). Is that you? Join peer-to-peer sessions over 9 weekly sessions on a Thursday or Friday morning. Get 3. 5 hours of individual business support on any topic or subject you want advice. This offer is limited to 8-11 businesses. Join up to be involved and benefit your business. Get your business in a great shape to grow and prosper! Edale What we shall cover This programme will help you compete, grow and benefit from the disruption and discontinuity to businesses caused by Austerity, Brexit and COVID (together "ABC"). This programme helps you and peers to “zero” into the following areas to help your business:• creating business advantage• sales and marketing• investment readiness for growth• access to grants• business development • enhancing opportunities to export, post-Brexit• Transitioning your business from A to Z We will maximise impact and add value to your business. Group you with fellow sector firms. Guide the sessions to help you Spring forward. Edale About us Edale was selected to deliver this programme given their proven development and advancement of business for firms Edale has supported. This programme is free to businesses as the growth hub has hired Edale. Receive expert facilitation, coaching and advice that is worth several thousands of pounds, for free to you (this service is paid for by the UK Government's Department for Business, Energy & Industrial Strategy). People delivering the peer sessions and 1:1 advice Adrian Durrant is a qualified engineer with a decade in financial services and a decade in management consulting. After graduation, he had ten years in Engineering. His work has involved coaching /training executives, teams and staff. He’s been involved in governance and due diligence assignments to improve operations, risk assessment and strategic evaluation. He has run business improvement programmes in Europe and America with KPMG. Lawrie Chandler has worked in blue chip organisations and built his own business from a Companies House registration to now a directly regulated financial firm. He is an avid user of technology (as well as the majority owner of a fintech firm). Seeing peers wondering how to develop their businesses he setup an SME advisory service and now supports numerous business support programmes across the UK. Lawrie’s roles for various firms since graduation have involved sales, distribution, product design and manufacturing Timings and dates Group sessions: 08:30-10:30 peer networking sessions either on the Thursday or Friday. Personal time: 1:1 support at start, midway and near the end of the programme. Timing and content of the 1:1’s will be tailored to your individual availability and specific need. Peer dates for Hospitality, Tourism and Leisure Peer dates for Creative Digital Thursday 28/01/2021 Thursday 04/02/2021 Thursday 11/02/2021 Thursday 18/02/2021 Thursday 25/02/2021 Thursday 04/03/2021 Thursday 11/03/2021 Thursday 18/03/2021 Thursday 25/03/2021 Friday 29/01/2021 Friday 05/02/2021 Friday 12/02/2021 Friday 19/02/2021 Friday 26/02/2021 Friday 05/03/2021 Friday 12/03/2021 Friday 19/03/2021 Friday 26/03/2021 1:1 advice for Hospitality, Tourism and Leisure 1:1 advice for Creative Digital As agreed between you and the coach. Between Jan and Mar 2021. As agreed between you and the coach. Between Jan and Mar 2021. Types of business we are seeking We welcome anyone from the following business sectors to join a peer network. Peer group: Hospitality, Tourism and Leisure Peer group: Creative Digital Hospitality businesses Tourism businesses Leisure businesses Creative businesses Digital businesses Join peer networks Data protection statementFor the purposes of this programme BEIS will act as the Data Controller and each LEP/Growth Hub will be Data Processors or Sub processors. All delivery organisations in this programme will be required to comply with General Data Protection Regulations (GDPR) (EU) 2016/679 and the Data Protection Act 2018 along with the law relating to these regulations and the processing of Personal Data and privacy as set out in the BEIS Grant Funding Agreement. This includes: Ensuring a Privacy Notice is in place where appropriate in accordance with GDPR and ensuring that any suppliers comply with the terms of this set out in the BEIS Grant Funding Agreement. Not transfer Personal Data outside of the EU unless the prior written consent of BEIS has been obtained and a range of conditions have been met. --- - Published: 2020-11-12 - Modified: 2023-01-11 - URL: https://edale.co/digitalcity-investment-readiness/ A short, sharp Investor Readiness programme to help you demystify and prepare for potential investment, whether that be now or in the future. Gain an invaluable insight into what makes a business investable and how you can become investment ready. 3 webinars 2hrs pitch grooming 4hrs 1:1 advice 1 pitch day About the host Realworld insights I love working with the DigitalCity team. Their cohorts and local tech firms are really motoring. Some real investment gems and with our help got a step closer to investment funding. We describe our approach as getting a "bear hug" - the warmth of a hug with the realisation of putting one's self in danger to be stronger when it happens for real. 2020 cohort feedback "Really valuable session, with an excellent host that really dived into my business to help me the best he could. " "Very helpful program both to hear peers & get the expert opinions. " "Fantastic tuition and expert guidance. Thank you for your support. " Programme dates The programme is FREE to eligible* Tees Valley-based businesses. Running from 1-4pm on the following dates: Date Session/task Workshop / format 16 November Workshop 1 Presentation techniques and styles. 23 November Workshop 2 What is contained in an investment pitch and build your deck 30 November Workshop 3 Pitch rehearsal 7 December Workshop 4 Friendly investor day Upto 31 Jan Bespoke support Up to 4 hours of 1:1 support Assets from the programme Assets and content from the programme will be made available here. This will be password protected to be available to approved delegates only. Book your investment clinic For approved companies register for your 1:1 advice clinic. You can have up to 4 hours as part of the programme. Booking form is now closed Edale Enterprises Limited is an appointed supplier to Teesside University for the investment readiness programme. Visit the official Digital City page at https://thedigitalcity. com/news/event/investor-readiness/ to see Edale is an authorised and appointment supplier. --- - Published: 2020-10-09 - Modified: 2021-01-12 - URL: https://edale.co/prowad-link-booking/ Linking sustainable growth & nature protection - The Interreg VB project PROWAD LINK aims to unlock the potential of natural areas as a driver for jobs and sustainable development. We will do this by working with small and medium sized enterprises (SMEs) to develop nature as a brand to create benefits for both, SMEs and the environment. Partners in Denmark, Germany, the Netherlands, Norway and the United Kingdom working with interested SMEs will use the “nature-business-benefit-cycle” concept to develop new, sustainable products and offers. Next development clinics Continue collaboration and innovation workshops for any business in the Wash and North Norfolk for Dark Skies and Food and Drink Trail initiatives. Eligibility is to businesses located in the PROWAD-LINK area of North Norfolk, West Norfolk and The Wash (Lincolnshire up to Gibraltar point). Book now Your name Your email January Workshops 1PM 4/2/2021. Foundation and get started. Come and develop your sustainable business idea. Scope your idea, get started and sources of funding. 3PM 4/2/2021. Followon and carrying on work from 2020 workshops. February Workshops 1PM 25/2/2021. Foundation and get started. Come and develop your sustainable business idea. Scope your idea, get started and sources of funding. 3PM 25/2/2021. Followon and carrying on work from Jan 2021 workshop. Edale UK Management Limited is an appointed supplier to Norfolk County Council for the Prowad Link "nature-business-benefit-cycle” concept to develop new, sustainable products. Visit the official webpage at https://www. norfolk. gov. uk/what-we-do-and-how-we-work/our-budget-and-council-tax/our-budget/bids-and-funding-weve-won/prowad-project where by contacting the project manager you can confirm Edale is an authorised and appointment supplier. --- - Published: 2020-10-08 - Modified: 2020-10-18 - URL: https://edale.co/enterprising-worcestershire-marketing/ This page contains marketing materials in development for Enterprising Worcestershire. Protected Area This content is password-protected. Please verify with a password to unlock the content. Enter your password Unlock --- - Published: 2020-09-16 - Modified: 2021-07-06 - URL: https://edale.co/here2help-bookings/ Here2Help Marketing + Communications Worcestershire County Council Here2Help Business programme in response to the COVID-19 pandemic. Extended due to lockdowns and runs to July 2021. A £3m programme designed to assist local Worcestershire Businesses to recover, adapt, develop and support future resilience as lockdown measures reduce. Specialist advice and guidance direct to a business on things you need in marketing. Our creative lead helping you in branding, marketing materials, social media and all things marketing. Pick the support you want Register for your support through the forms below Advice clinic 1-3 hours For a simple question or need. Rapid fire advice. Book Clinic Live design 1/2 day+ We design assets with you and share tips. Register now Project support 1-6 days Specialist help on marketing projects. Register now Eligibility only for Worcestershire based enterprises and sole traders. Advice Live Design & ConsultationQuick win one to one advice for all Worcestershire businesses. We provide two options for advice clinics: Ask the Marketing Expert The ask the expert is a 1:1 session to give you the opportunity to ask a marketing or communication question on your enterprise to our expert to get it answered directly and then developed a plan to implement marketing and communication best practices.   Marketing Checkup The Marketing Checkup is a guided 1:1 to evaluate your marketing, evaluate goals and strategies, monitor results, identify risks and challenges, and suggest changes. We conduct the checkup looking at your strengths, weaknesses, opportunities, and challenges. We go through various steps to maximise the value of the time and develop outcomes for you. In-depth, one to one support directly linked to the strategic agenda of the business and to help you get going after lockdowns. Live Design The live design and consultations are longer sessions to address more complex longer-term considerations or marketing methods which may require a shift in your business model and operations to build business resilience. We can provide live design assistance to show you how to design marketing materials or assets and use a library of marketing aids to ensure you get marketing collateral that's on brand, on message and in tune with your customers. The live design studies can help you with: Social media banners Brochures Adverts Templates for your documents Presentation Brand guidelines And so much more There is an application form for the Consultations that requires information on your business. The form should take 5-10 minutes to complete. Does this cost me anything? No, Here2Help Business is a free service to Worcestershire based businesses. There is no cost to your organisation. Worcestershire Country Council has funded Edale to provide this service. What materials will I get from the live design? The live design sessions are s half-day interactive consultancy sessions. We create final content or collateral for your business to actively use through real-time work with you. They are a shared experience in which you learn, develop skills and understanding for future benefits. Can I speak to you about my project? Yes, you can call us on 02079935360 or message us through the onscreen chat. Book your 1 hour marketing clinic All Clinics are now used up and no longer available. Consulting days remain available. Book your consulting time Download the application form and complete send to hq@edale. co. Edale UK Management Limited is an appointed supplier to Worcestershire County Council for the Here2Help business adapt scheme. Visit the official Worcestershire Country Council page at https://www. worcestershire. gov. uk/info/20834/here2help_business_marketing_and_digital_communications_support to see Edale is an authorised and appointment supplier. --- - Published: 2020-09-08 - Modified: 2024-02-21 - URL: https://edale.co/understanding-surrender-value-for-offshore-insurance-savings-plan/ An investor that has a regular savings plan from an offshore insurance company (or a lump sum portfolio bond) may see a surrender value on their statement and wonder what this means and how its reached. To understand unit linked savings products we have an separate article. To understand how investment funds are important and additional complications these bring read about mirror funds. For many investors they will often see a plan value or policy value, then believe this is the cash amount in their hands. This is not often the case with the surrender value being the cash amount you could get on that statement date. Here we explain the difference and how surrender values are calculated and possible reasons for the difference between plan value and surrender value. Signing up to a defined journey The starting place for any investors that has a contracted savings plan for a set number of years is that if you do not complete payments for the period or hold the policy for the full term then surrender values will be considerably lower than plan value. This is due to the products are designed to be held for the contract period and fees are applied assuming the arrangements at the outset will continue for the full period. This could be 25 years in some worse cases. A simple way to think about this is it is like agreeing on day 1 to join a motorway for a defined journey and agreeing not to take any earlier junction than the one you agreed to at the outset. If you come off the motorway early the tolls for the full journey will still apply. An adviser should not encourage an investment if the client would not be happy with going to the junction they agree - it is possible to agree an earlier junction then carry on further as this offer flexibility for pay as you go for the functions after the one you signup for at the outset. That's why 5 years savings plans should be favoured over a 25 year plan. The truth on fees for savings plans Fees on regular savings or insurance wrapped portfolio bonds are not always fully explained or clear. Usually instant access is explained, and whilst getting money out can be possible, it is not always said that fees are based on the agreement at the outset and amount expected to be subscribed over the full period. How are surrender values influenced? When purchasing a regular savings plan from an insurance company or a portfolio bond the main factors that can cause the surrender value to be considerable less than the plan value are: how far through the contract period you are – the shorter the period the lower the surrender value whether the contributions have been maintained at the level agreed at outset – if premiums were stopped the lower the surrender value will be. If premiums were stopped very early after commencing a savings policy the plan may be have a surrender value near zero any enhancement to the premium allocation (meaning the adviser has given up commission to fund enhanced allocation) – any reduction in the adviser fees reduces the clawback of commission from the client so surrender value can be higher where adviser commission is reduced. How these factors influence surrender value When buying a savings plan the product provider assumes payments will be made over the life of the plan. They set fees at that commencement which is predicated on a set subscription amount, on a set frequency for a defined period. If any of these are stopped or reduced by the client fees become higher and can result in lower surrender value. Stopping paying contributions before the end of the contract period means that fees can eat into the plan value and cause the surrender value to be a lot lower than the plan value as the additional cash flows didn’t materialise as outlined in the original contract plan. When an adviser recommends an insurance savings plan they will receive a commission paid from the product provider. This initial commission is often calculated by taking the premium and calculating an annual equivalent (so a monthly savings plan will be multiplied by twelve or a quarterly savings plan multiplied by four) which is multiplied by the length of the contract and up to 5% of that amount is paid shortly after commencement of the insurance savings plan. It can often mean a savings plan with a few hundred per month can earn the adviser thousands in commission shortly after client signing to the plan. The insurance company often pays this amount out but recovers it will fees over the total length of the savings contract. To covers their risk of early exit they will apply exit fees if the client chooses to withdraw early and this can mean Let us show you an illustrations of each of these situations.   This is the outcome where a plan is held to maturity. Where low commissions are taken, an affordable premium advised at commencement and a short duration contract can result on the surrender value matched to the plan value. This situation can cause confusion at maturity as a plan value is not what the client receives with a surrender value at a marked level lower. This is caused as fees are applied assuming all premiums were going to be paid so as a result the end value is not at plan level as weight of a heavier fee load impacts a lower pot of money that has been paid. Early surrender of a policy brings forward the whole contract fees to the early exit date. In addition any fees that need to be recovered for the commission paid out are also borne by the investor. Sadly an common situation where the adviser has not explained the policy clearly. The client has the double whammy of having fees based on making contributions that have stopped and taking the culminations of the whole life of the contract by surrendering early. These are the situations that can be avoided if proper advice is offered in advance by an adviser. Our use of savings plans? Nowadays, there is greater flexibility than insurance based savings plans so we favour more flexible solutions like fund supermarkets or stockbroking accounts. Where we do use insurance based savings plans we encourage shorter contract lengths and affordable contributions and always explain the fees and consequences for openness. We do service clients in these policies to help them maximise value. If after reading this article your would like to learn more or speak to us, please get in contact. Call Whatsapp Online chat Secure message Email Office --- - Published: 2020-08-31 - Modified: 2020-08-31 - URL: https://edale.co/test/ Peer Networks Meeting date August 31, 2020 10:30 am Add to: Google Calendar , iCal Export Password: hello Join in browser Join in zoom app --- - Published: 2020-06-25 - Modified: 2023-12-18 - URL: https://edale.co/creative-design/ WOW DESIGN WITH NO HASSLES ON-TIME ON-BRIEF Work with us Managed creative and marketing services for public authorities and SMEs. An end-to-end creative design agency, providing branding, web development, illustration and strategy that's delivered with flair and personality. Lite “Working with you, splitting the workload” From £100 Focusing on the critical work and creative gaps. The client implements some of the solutions in house meaning greater value and resource concentration on the identified needs and gaps. Can work in phases to match client timelines. Pay at agreed milestones. Core “We do heavy lifting, you brief us” From £750 Picking up and running to deliver the creative objectives to the client brief. Identify value enhancing areas to achieve a better outcome and achieve the goals with the benefit of a creative lead. Retained fixed fee or agreed time sheets plus extras on approved additional deliverables. Full throttle “We do everything for you, within a framework” From £2000 The full works where we come in and take creative up a gear with full service design, management, creative delivery and marketing. Full time resources and fees. Dedicated lead and creative 1:1. Case study writing and visual output High quality marketing collateral helps to demonstrate capabilities, evidence credentials, and support other activities. Edale’s writing and graphic design services are used by a variety of public sector business support agencies. We write compelling case studies that show beneficiaries, how processes work, and outcomes are achieved. We interview the relevant people to understand the project, provide photographs and visual data. The content is wrapped in a smart professional design to meet your brand and style guidelines. We can tailor the case study to your specification ensuring project relevance and emphasise the important factors for you. A full package, just give us the details and we do the rest. Writing approach A jargon-free, storytelling approach to case studies, explain complicated concepts in plain English and simplify technical language so that the content is relevant and readable. Experience: writing long and short-form copy for a wide range of communications. Key skills include storyboarding, interviewing subject matter experts, extracting, and writing case studies and evidence and creating eye-catching, readable, customer-focused documents. The content writer work with our graphic designer to create a masterpiece to help tell the story and communicate effectively. Design approach We developer a style to deliver case studies in a consistent, brand-appropriate visual way. An awkward flow and layout creates a boring case study, so we use visual techniques to entice in and create impact. The use of pull outs and data graphics increases impact. Experience: design of on-brand and new formats to ensure the highest quality impact. Artworked case studies have been used for marketing and stakeholder reporting. --- - Published: 2020-06-10 - Modified: 2020-06-25 - URL: https://edale.co/the-community-housing-group/ This page contains marketing materials in development for The Community Housing Group. Protected Area This content is password-protected. Please verify with a password to unlock the content. Enter your password Unlock --- - Published: 2020-05-11 - Modified: 2020-05-12 - URL: https://edale.co/homebound/ Slide 1 Personal financial planning when returning to the UK Avoid torpedos and get your finances in order When returning to the UK you need to avoid expensive mistakes and ensure personal finances are in order. This article focuses on the tax, regulations and financial planning considerations and suitable advisers you may need around you. Any international relocation may be either planned or forced upon you, as we move into a post-pandemic world changes to employment and the workplace may necessitate a return to the UK. If you’re homebound ensure to check your advisers can support you, are regulated in the UK and familiar with UK financial landscape. Many international advisers may not be able to help. We have broken the articles into getting ready to return, moving back and already back in the UK so you can get advice most suitable for your situation.   Where are you in journey back to UK Thank you Thank you very much Michael Expert advice! I’m teaching overseas and Laura A highly professional and responsive service delivered under extremely tight timescales We commissioned Edale to John My complications ended when I came across Edale I worked in Australia Jose Very knowledgeable and always a pleasure to work with Lawrie’s contribution to our Mark Great holistic experience A great tutor and Vito   Make an appointment You can book an appointment now to speak to a qualified adviser. Appointment Info Location Service Provider Date Time Additional information. Add full address if selected “Your Office” as location Logged in as Lawrie Chandler. Log out? Please wait... --- - Published: 2020-05-05 - Modified: 2020-06-10 - URL: https://edale.co/clean-growth-uk-working-page/ This page contains marketing materials in development for Clean Growth UK. Protected Area This content is password-protected. Please verify with a password to unlock the content. Enter your password Unlock --- > [LIVE] dvice for workplace finances, personal finance, details on government support and more through coronavirous pandemic. - Published: 2020-03-23 - Modified: 2020-03-23 - URL: https://edale.co/financial-care/ Workplace and personal financial assistance during this pandemic Financial aid and assistance through coronavirus In these extraordinary times of remote working, social isolation and social distancing smaller company businesses have found business as normal is out the window. Advice for workplace finances, personal finance, details on government support and more. This resource is straight talking with information and signposts you to the latest updates. We shall update these pages throughout the Spring and longer as necessary.   Assistance --- > Strategic and tactical routes to market. Win customers. Sell more.Workshops for Worcestershire firms to learn tips to mobilse sales and attract customers - Published: 2020-02-12 - Modified: 2020-03-09 - URL: https://edale.co/enterprising-worcestershire/ Slide 1ACTION WORKSHOPSWinning routes to market Register nowSlide 1 - copyACTION WORKSHOPSWinning routes to market Register now Strategic and tactical routes to market. Win customers. Sell more. Workshops for Worcestershire firms to learn tips to mobilse sales and attract customers Charge your sales Ways to mobilise new customers Get to market quicker Ways to find customers and refine your proposition while selling Raining opportunities Make any weather work for you Winning routes to market The ACTION Workshops are a series of 2 one-day events that give SME leaders actionable lessons, models, guides, advice and case studies to lift and shift to implement in your business. Advice to mobilise you on a specific topic: Get more customers. Create a personality that talks to your customers. Build a killer sales process. Each session ends with a session to build an application to apply to Enterprising Worcestershire grant for start-ups. For any small or medium business that wants to get advice they can use now, today, in their business, the ACTION seminars are for you. Get to customers now and mobilise sales Route to market with sales methods to take into the workplace and get customers Finding customers is hard. No customers, no income! Therefore, no sustainable business. Would you like new customers quickly, identify new channels, routes to multiply sales? We will show you ways to identify customers, breakthrough into new channels and get sales moving. Learn simple repeatable methods to find and get in front of new customers. Over two full day workshops you will find new customers you can target, tricks to get in front of them and ways to motivate them to buy your products. Day one focuses on tactical ways to get started and day 2 focuses on strategic ways to scale those channels. We help build your personal growth plan using these lessons working on a cost of acquisition and potential sales and lifetime value. Enterprising Worcestershire £1,000 to £2,500 grants to meet 50% of the eligible expenses for growth plans may be available. Run and delivered by Edale, an SME acceleration and innovation expert, in partnership with Enterprising Worcestershire. Enterprising Worcestershire is a business start-up and early stage support programme operated and part funded by Worcestershire County Council in partnership with Worcestershire’s six District Councils and match funded by the European Regional Development Fund (ERDF). Programme This workshop is for any leader of an SME that wants to improve their route to market and mobilise sales. Here is the programme for the event. Day One: Tactical ideas for routes to market 9:00-9:30 Kickoff Introductions, programme and million-dollar ice breaker. 9:30-10:30 Tools to grow the business An introduction to canvases and growth tools as a baseline to building a growth business. Ways to identify potential customers, clients and contract sources. 10:30-11:30 Getting to customers and making sales Mobilising sales and customers with 15 different hacks/tips you can take into your business as a route to market. 11:30-11:45 Coffee and network break 11:45-12:45 Make it yours Group exercise to take ideas and customise them to fit your business and make them actionable with your audience. Use some of the resources we discussed to identify personal plans and intelligence. 12:45-1:30 Social lunch and 1:1 guidance Peer to peer discussions + conversations over a buffet lunch. 1:30-3:00 Applying the route to market into a plan Template document and group + individual costed plan in one page. Lean canvas with costed plan to get started. Day Two: Strategic game changers for more routes to market 9:00-9:30   Recap on our learnings and warmup. 9:30-10:30 Finding neighbouring customers and new types of customers Taking the current sales customer and looking at ways to find neighbours or cousins to those types of customer. This is adjacent sales identification and mobilisation. 10:30-11:30 Getting to customers and making sales Five strategic routes to longer term, larger clients and building the ladder of success to winning business with them. 11:30-11:45   Coffee and network break 11:45-12:45 Producing a sales pipeline Building the sales pipeline to support financials, build scale and putting appropriate support into the business 12:45-1:30 Social lunch and 1:1 guidance Peer to peer discussions + conversations over a buffet lunch. 1:30-3:00 Planning and accessing finance to meet strategic goals Looking at traditional and alternative forms of finance to support longer term strategic goals. Option #1 Dates: Part 1: 10/3/2020 9am to 3pm Part 2: 18/3/2020 9am to 3pm Venue: The Kiln, Worcester Option #2 Dates: Part 1: 11/3/2020 9am to 3pm Part 2: 19/3/2020 9am to 3pm Venue: The Kiln, Worcester Option #3 Dates: Part 1: 24/3/2020 9am to 3pm Part 2: 31/3/2020 9am to 3pm Venue: Wyre Forest House, Kidderminster DY11 7WF Due to flooding no longer at Citibase, Bewdley near Kidderminster Register for a workshop Complete the form below and someone will call you back to get you onboard. Your Name (required) Your Email (required) Mobile number (required) Select Part 1 programme dates that suit you (required) Option 1- 10/3/2020 @Kiln, WorcesterOption 2 – 11/3/2020 @Kiln, WorcesterOption 3 – 24/3/2020 @Wyre Forest House, Fine Point Way, Kidderminster DY11 7WF Select Part 2 programme dates that suit you (required) Option 1- 18/3/2020 @Kiln, WorcesterOption 2 – 19/3/2020 @Kiln, WorcesterOption 3 – 31/3/2020 @Wyre Forest House, Fine Point Way, Kidderminster DY11 7WF Any additional information We will need to complete eligibility checks and confirm attendance with Enterprising Worcestershire. What's it involve Learn more what you will get out Speak to us to learn more Learn more on Enterprising Worcestershire Support to enable start-up and early stage enterprises to develop and prosper Visit Enterprising Worcestershire News and musings The Social Security Fairness Act: The Effects on Non-Resident Retirees repealing WEP + GPO High Earners Dilemma: Avoiding Income Tax Traps A Tale of Two Taxmen: How the UK and US View Tax Wrappers Actions on beneficiaries for Brite Adviser liquidation What could some of the budget changes be in Oct 2024? Case Study: Navigating Complex US Inheritance Paperwork for a UK Beneficiary Cash distribution plans and client statements for Brite Advisors Growing into Our Teenage Years Understanding Retirement Accounts: SIPP vs. IRA vs. 401(k) for UK and US Residents when in the UK RSU awards for employees and financial advice --- - Published: 2020-01-10 - Modified: 2022-11-22 - URL: https://edale.co/bookings/ Book your services with Edale through this form. Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? --- - Published: 2020-01-06 - Modified: 2020-01-06 - URL: https://edale.co/stripe-checkout-result/ We shall be in contact where your order concerns financial advice. --- - Published: 2019-10-21 - Modified: 2019-10-21 - URL: https://edale.co/business-financial-advice/ Slide 1Financial advicefor directors and firmsLearn more Financial advice for company directors and the firm. Edale has a range of services to support business leaders and their company. We can help Directors with their company pension arrangements and products to assist the financial wellbeing of the company in unusual circumstances. Edale "Accelerate" is our SMEs corporate advisory service usually accessed through a local enterprise network, accelerator or government agency. Business insurance Protect the firm and its financial resources if a key individual dies or taken seriously ill. Company pension Arrangements for company pension scheme from auto-enrollment to Director's pension scheme. Employee benefits Offer competitive employee benefits package to recruit talent and retain your most talented staff. Tax advice Consider ways to optimise company finances and tax payable with benefits and suitable financial plans. Business protection insurance Protecting the business is vital to safeguard the livelihood of you, the family and employees. Key person protection Key person protection An insurance policy that helps to safeguard a business against the financial impact of death, terminal illness or critical illness of a key person during the policy term. A key person may include any member of the business whose death could lead to financial loss for the company. Shareholder protection Shareholder protection The death of a major shareholder could have a serious impact on not the business but the shareholder’s family as well. Beneficiaries who have inherited shares may prefer to cash them in or other shareholders may wish to purchase the shares but lack the adequate funds to do so. Shareholder protection can help and involves setting out how shares are to be managed if a shareholder passes away. The policy can include critical illness and taken out on the lives of each shareholder by either fellow shareholders or the business. Should a shareholder die or become critically ill a pay-out can be used to purchase the shares of the holder. Partnerhsip insurance Partnerhsip insurance Working in the same way as shareholder protection, this type of policy gives the partners of a partnership or limited liability partnership the ability to buy a deceased or critically ill partner’s share in the business. To learn more about protecting the business contact us. Company pensions A good company pension scheme helps employees save towards retirement. Automatic enrolment Auto enrolment Auto-enrolment makes it compulsory for employees to put into place a qualifying workplace pension, and ‘automatically enrol’ their eligible workers. Employers will then have to make contributions to their workers’ pensions every pay period. Group Self-Invested Personal Pension Group SIPP (Self-Invested Personal Pension) Pools together the pension assets of its members for investment purposes. Each member has their own account within the group SIPP that will be individually registered with HMRC, but all assets are combined into a single fund. A member’s initial share in the fund, their investment returns and associated costs will be based on what they pay in. Group Small Self Administered Scheme Group Small Self-Administered Scheme A type of occupational pension scheme established for the directors and senior employees of a business. Set up under trust by the sponsoring employer for the benefit of the scheme members. The value of investments and the income derived from them may go down as well as up. Tax reliefs are dependent upon personal circumstances, and pension and tax rules are subject to change by the government. To learn more about employee pension schemes contact us. Employee benefits Provide your employees and their families with cover and protection should they fall ill or pass away. Group life insurance Group life insurance Group life insurance can pay a tax-free lump sum and/or an ongoing income to the loved ones of an employee who passes away, while they are covered by the policy. It ensures that your employee’s dependents have a means of financial protection should the worst happen, providing a cost-effective but valuable employee benefit. Group critical illness cover Group critical illness cover Group critical illness cover pays out a lump sum if an employee is diagnosed with a specified critical illness or condition while covered by the policy. Illnesses and conditions covered by a policy will vary depending on the provider. Group income protection Group income protection While group critical illness cover pays out a lump sum, group income protection provides employees with an income if they’re unable to work on a long-term basis, as the result of an illness or injury. Find out more. Relevant life Relevant life Relevant life is a term assurance plan that allows employers to provide an individual death in service benefit for an employee. It is paid for by the employer and designed to pay out a lump sum to the employee’s family and dependants if he/she dies whilst employed during the length of the policy. It will also pay out if the employee is diagnosed with a terminal illness whilst employed. As a relevant life plan is designed to be written in a discretionary trust, it provides a tax-efficient benefit for employees. Private medical insurance Private medical insurance Private medical insurance is a good way of keeping a healthy workforce and provides an attractive employee benefit. Policies will vary depending on provider and as with other employee benefits, an independent financial adviser can assess your needs and search the whole of the market to find the best possible solutions for you, your business and your employees. To learn more about the most cost-effective ways of providing your employees with valuable benefits, contact us. Tax advice Taxation can be very complicated and the rules, reliefs and allowances often change or confuse people. To learn more efficient ways to manage company finances contact us. Personal financial advice Make informed and timely decisions about your financial affairs. Financial advice Improve business performance Edale advice for scaling and growing firm through coaching, financial fitness and investment readiness. Visit Edale Accelerate --- - Published: 2019-10-17 - Modified: 2019-10-17 - URL: https://edale.co/private-client/retired-and-later-life-financial-planning/ Slide 1Later financial planningOlder client advice Make sure your finances keep pace in your retirement years Life expectancy is increasing by 2. 5 years every decade. After a working life accumulating your pension and savings, you’ll want to make sure your money provides for you later in life. Edale can talk you through all the options available to you. At retirement planning There are a numerous options available to enable your pension to provide for you in your retirement years. The tax you will pay will vary depending on the route that you feel is best to take. Removal of the compulsory requirement to purchase an annuity (agreement to pay an income for life) with your pension means freedom. There are many other options to consider and each has benefits depending on your finances, needs, well-being and plans. We can help you gain a better understanding of all the options available. Helping to advise what best fits with your retirement plans. It’s personal Every client is unique. Every person has their own aims and ambitions. Their own plans for retirement. We help to advise your wealth, guide your financial affairs and ensure financial security. We are members of Society of Later Life Advisers (SOLLA) and have procedures for care and wellness of older and vulnerable clients. Contact us on any method below to speak about your needs.   Call Whatsapp Online chat Secure message Email Office Financial planning we can offer at retirement and later life DIY Transactions without advice Execution only Deal fee + account maintenance Edale as gateway to financial markets Web tools and product information Benefit from institutional partnerships Trade now Whole service For complex financial arrangements, working in partnership with other professional advisers Wealth management Variable prices Complex financial arrangements Frequent 1:1 contact Monitoring + adjusting financial plan Access to the team at any time Bespoke advice Your IFA Personal financial planning designed around your goals and objectives. Financial planning Annual % fee Personal financial plan Yearly 1:1 meeting Monitoring + adjusting financial plan Access to the team at any time Get advice Advice on request For client’s needing appropriate financial planning and have a one-off need for advice with no ongoing service. On demand Pay as you go One-off need for advice See team via pay-as-you-go model Advice on specific circumstances Mandate driven by you One off advice --- - Published: 2019-10-09 - Modified: 2019-10-09 - URL: https://edale.co/fixed-maturity-plans/ A FMP is a portfolio of carefully selected bonds that have matching maturities to the term of the fund. Investment objective The objective of the bespoke product is to achieve income and capital preservation over a defined time period and to a set maturity date. Appeals to investors looking for: Return of capital at maturity Regular income stream Broad diversification Decreasing interest rate and spread risk over time Professional management Liquidity Features Achieve income and capital preservation over the defined term portfolio. Approaching Maturity Date the portfolio will be managed so investments match the Maturity Date, by investing in shorter-dated financial instruments. Domiciled and regulated in Luxembourg or other jurisdiction as client requests. Performance Strategy Performance Bespoke mandates so not published Documents Key Documents Bespoke mandates so not published Codes Fund Codes Bespoke mandates so not published Tough times for income investors Record low or negative yields has left investors with the risk of eroding wealth over time. In the search for yield, investors have to move higher up the risk spectrum, accepting more risk and uncertainty along the way. With market conditions remaining difficult and unlikely to change, what can clients do to source income? Fixed-maturity portfolios offer a yield pickup by investing in a globally diversified portfolio of bonds with a maximum maturity or expiration date. When the fund matures, investors are repaid their share of its net asset value. The attraction is a payout structure that is comparable to a single-bond investment, but with greatly reduced single-issuer risk, given the well-diversified portfolios. If you require more information please call +44 207 99 35 360 or use contact form. --- - Published: 2019-09-12 - Modified: 2020-09-17 - URL: https://edale.co/wealth-advice/investment-services/suspended-fund-monitor/ Slide 1Suspended fund monitorStay informed This resource is designed to provide updates to investors that may not receive updates from funds they may hold in offshore bonds, QROPS, QNUPS. Edale has never advised a client to buy these funds. As we work in the international field we want to help orphan clients or those not getting any updates with details of holdings they may possibly hold. If you want personal financial advice contact us. Fund Name Investment group Fund code(s) Fund Name Investment group Fund code(s) Montreux Fixed Return Montreux Capital Management Various LFP I SICAV SIF Various LM Managed Options if you are invested in these funds If held in a portfolio bond consider surrendering the bond (if charges for closing are not too heavy) as you will retain a beneficial interest if there is a payout and avoid additional fees from a wrapper. Most portfolio bond holders are likely to have used one of these firm's wrappers: Generali Worldwide (now Utmost Worldwide), Old Mutual International, Friends Provident International, RL360, Hansard International and a few others. Did you get advice from a UK regulated firm then you could be eligible to claim with the Financial Services Compensation Scheme (FSCS) and receive compensation. Speak to us for a no obligation guide contact us. Act now Send us a message or contact us via a method below. Your Name (required) Your Email (required) Subject Your Message Please leave this field empty. --- - Published: 2019-08-08 - Modified: 2019-08-16 - URL: https://edale.co/accelerate/clean-growth-uk/ Slide 1Clean & green firm innovation acceleration Business advisory Innovation in clean and green business Catalysing clean and green innovation through access to university expertise and external advisory experts Investment coaching Preparing and navigating investment landscape Access to finance Information and knowledge of different forms of business finance Investment due diligence Detailed examination of the documentation for due diligence Edale accelerating member firms A mentor to Clean Growth UK platform Speak to us to learn more Join Clean Growth UK Platform Thriving national business network that helps member firms with free support Join Clean Growth UK News and musings The Social Security Fairness Act: The Effects on Non-Resident Retirees repealing WEP + GPO High Earners Dilemma: Avoiding Income Tax Traps A Tale of Two Taxmen: How the UK and US View Tax Wrappers Actions on beneficiaries for Brite Adviser liquidation What could some of the budget changes be in Oct 2024? Case Study: Navigating Complex US Inheritance Paperwork for a UK Beneficiary Cash distribution plans and client statements for Brite Advisors Growing into Our Teenage Years Understanding Retirement Accounts: SIPP vs. IRA vs. 401(k) for UK and US Residents when in the UK RSU awards for employees and financial advice --- - Published: 2019-07-31 - Modified: 2019-07-31 - URL: https://edale.co/id/ Edale needs to know and verify our customers. Id verification Use your smart phone to get a photo of your ID. Place the document on a flat surface. Ensure all 4 edges are in the photo. The document must be flat. Ensure a clear image. Validity selfie video Use your smart phone to get a video of yourself. The selfie is real as long as: Not cropped from ID Not a photo of the ID Not from screen, video, or paper No filter applied Age-difference acceptable Face is present and fully visible --- - Published: 2019-06-10 - Modified: 2019-06-10 - URL: https://edale.co/accelerate/invest-east/ Invest East is a high-growth small and medium-sized enterprises (SME) business support programme for Norfolk and Suffolk, part-funded by the European Regional Development Fund. Access professional, specialist support if you are: Exploring investment options Wanting to expand and grow Edale is a mentor as part of the Invest East programme. The Social Security Fairness Act: The Effects on Non-Resident Retirees repealing WEP + GPO High Earners Dilemma: Avoiding Income Tax Traps A Tale of Two Taxmen: How the UK and US View Tax Wrappers Actions on beneficiaries for Brite Adviser liquidation What could some of the budget changes be in Oct 2024? Case Study: Navigating Complex US Inheritance Paperwork for a UK Beneficiary Cash distribution plans and client statements for Brite Advisors Growing into Our Teenage Years Understanding Retirement Accounts: SIPP vs. IRA vs. 401(k) for UK and US Residents when in the UK RSU awards for employees and financial advice --- - Published: 2019-04-05 - Modified: 2019-04-05 - URL: https://edale.co/forms/ Edale works electronically to reduce waste and for the efficiency of our clients. --- - Published: 2019-04-05 - Modified: 2019-04-05 - URL: https://edale.co/forms/appointment/ This digital form allows for the appoint of a new adviser. Complete the form and a signed letter will be provided to you and your adviser. If joint holders complete the form together at the same time. This form is mobile optimised for use with smartphones and also desktops. Letter of authority to appoint a new adviser * required field Full Name* Your Email* Address* Your date of birth* Joint holder full name Joint holder email Joint holder date of birth Product Provider* Policy or Account Number(s)* Please accept this instruction as my/our authority to transfer the administration and servicing of all my/our policies to my/our Investment Advisers at: Edale UK Management Limited, 15 Bell Street, Reigate, RH2 7AD, UK 020 799 35 360 hq@edale. co Financial Conduct Authority FRN Adviser name Please comply with this request and supply Edale UK Management Limited with any information or copies of documentation they may require. Today's Date Signature Signature of joint holder Please leave this field empty. jQuery(function ($) { var now = new Date; var day = ("0" + now. getDate). slice(-2); var month = ("0" + (now. getMonth + 1)). slice(-2); var today = now. getFullYear+"-"+(month)+"-"+(day); $('#datePicker'). val(today); $("#datePicker"). attr("min", today); }); --- - Published: 2019-04-02 - Modified: 2019-04-02 - URL: https://edale.co/appointment/ This document is intended to be a simple agreement for the short appointment of Edale UK Management Limited to perform the services below for the costs as set out below, payable as agreed below. Your Name (required) Your Email (required) Nature of work (required) Fee (required) An invoice will be sent and payable on receipt by credit card or debit card when: You agree to appoint Edale UK Management to perform the task above and to provide the payment on the agreed terms. Signature of person named above Today's Date jQuery(function ($) { var now = new Date; var day = ("0" + now. getDate). slice(-2); var month = ("0" + (now. getMonth + 1)). slice(-2); var today = now. getFullYear+"-"+(month)+"-"+(day); $('#datePicker'). val(today); $("#datePicker"). attr("min", today); }); Please leave this field empty. --- - Published: 2019-03-25 - Modified: 2019-06-06 - URL: https://edale.co/accelerate/bseen/ BSEEN Start-up training tender Turn the volume on, grab a cuppa. document. createElement('video'); https://edale. co/wp-content/uploads/2019/06/bseen-innovation. mp4 Credits Audio: Dono songs Video and pictures: pixabay --- > Real life investment experience to greatly improve your ability to attract investment for your business - Published: 2019-03-19 - Modified: 2024-10-09 - URL: https://edale.co/accelerate/ Slide 1Business support and acceleration Helping smaller companies and their enablers with support, advice and acceleration Skills, expertise and external advisory experts to support smaller companies Improve your business performance, get financially fit, improve investment readiness and learn hacks to grow your business. Our experience as business builders and startup operators with developing plans, getting funding, practical tips to move forward and market development can help others. Edale owns a business support operation launched after successfully starting our own businesses. We saw peers that could he helped. We decided to make these skills and experience available as a specialist consulting service. We are action and outcome orientated. We are turning a cottage industry (local, well meaning but often inexperienced providers) into something with real world advice and networks that deliver a real change to the companies receiving support. Edale ran our series of co-creation workshops. They drove the project expertly, building trust with attendees and exceeding the objectives we initially set ourselves. We chose Edale to facilitate and guide our series of co-creation workshops. The workshops brought not only businesses, but nature organisations and local authorities together. As a local authority, we wanted to be part of the workshop attendees, and build trust with a bottom up approach. Edale were attentive, listened and adapted to the audience. This built trust, and enable a safe space for attendees to discuss ideas and develop their business models. Not only did this help exceed our initial objectives, it also created an opportunity for professional development internally, as we learnt from Edale’s techniques and through the... Read more “Edale ran our series of co-creation workshops. They drove the project expertly, building trust with attendees and exceeding the objectives we initially set ourselves. ”Alex12 April 2021I have found this programme to be very helpful and productive. I have been working with Lawrie he has been very helpful in helping me grow and develop the business. What I like most about his approach is he is very practical for example I say I have a problem with administration he will signpost me to a specific solution, compared to previous events I have attend in other programs else where the programs centred on a theocratical approach by the end of these programs I had a “things to do list” no real change I believe any business is about doing , action and Aim for gold has that approach... . Read more “I have found this programme to be very helpful and productive. ”Martha23 February 2023A very professional approach. All information on our meetings were well prepared – a lot of thought has gone into them. A lot of information was covered in each session, which will be of immense help in the... Read more “A very professional approach. ”Wayne26 March 2021One of the best funding presentations I’ve attendedIt was probably one of the best funding presentations I’ve attended – focused, niched, lots of practical implementation advice – people just don’t know what they miss sometimes when they don’t... Read more “One of the best funding presentations I’ve attended”Simon14 October 2021Lots of great material and advice. Lawrie was excellent at steering us in the right direction, he listened carefully and really got under the skin of our bsuiness model to ensure he gave sound, constructive... Read more “Lots of great material and advice. ”Andrew Reeves29 July 2020Experienced business professionalsLawrie and Adrian have a wide range of experience between them and as a result have been a helpful addition to our delivery team, especially with the explanation and application of the Business Model Canvas. They have been willing to be flexible and responsive to our requirements which has been essential for our type of... Read more “Experienced business professionals”Natalie17 February 2020Professional, competent service provided. End evaluation was comprehensive, thorough and met the brief. From first contact Edale provided a professional service, with minimal disruption to my working day. The evaluation was delivered with in clear timelines and the end result was exactly what we asked... Read more “Professional, competent service provided. End evaluation was comprehensive, thorough and met the brief. ”Richard25 January 2023I have found Edale very easy to work with and quick to respond to requests. I have found Edale very easy to work with and quick to respond to requests. They were very accommodating in accelerating some of the timelines on the work needed... Read more “I have found Edale very easy to work with and quick to respond to requests. ”Tess14 June 2023Professional, knowledgeable, and flexibleWorking with the Edale team has been brilliant – they are always willing to share knowledge and have a can-do attitude. They take a flexible approach to their work which is always appreciated, and the work produced has been impressive. They are organised, on time, and have been a pleasure to work... Read more “Professional, knowledgeable, and flexible”Joanna18 December 2023It was great... It was great working with Edale over the last couple of months, it helped me focus on the many different aspects of my... Read more “It was great... ”Richard5 April 2021Great getting together with like minded people on the programmeIt has been great getting together with like minded people on the programme and this has generated lots of ideas to improve my business. Highly... Read more “Great getting together with like minded people on the programme”Rick2 April 2021Great meetings, hosted by Adrian the peer group was well balanced and provided plenty of feedback and food for thoughtThe peer review worked very well for me, with some real nuggets of quick wins that could be made to my business. The group were also able to give a little lift to each week and give me the mental push to get on with things ready for imminent re-opening. The outcomes of this for me personally were 1) to have an organised plan and way forward 2) the contacts I have made as part of the group and will ensure visiting in the future, once we are all able... Read more “Great meetings, hosted by Adrian the peer group was well balanced and provided plenty of feedback and food for thought”Lorraine1 April 2021Edale provided exceptional support in evaluating our Digital Pathfinders programme, which served businesses across the North of Tyne region. Edale provided exceptional support in evaluating our Digital Pathfinders programme, which served businesses across the North of Tyne region. Lawrie and Simon demonstrated utmost professionalism, guiding us expertly through the entire evaluation process. Their deep understanding of our organisation, the programme’s services, and our client base was particularly impressive. Simon’s responsiveness in making necessary amendments to the final report was commendable. The team’s efficiency and attention to detail ensured that the evaluation accurately reflected our work and impact. Working with Edale has been a smooth and productive experience. Their expertise in external evaluation has provided us with valuable insights into... Read more “Edale provided exceptional support in evaluating our Digital Pathfinders programme, which served businesses across the North of Tyne region. ”Amanda27 June 2024Approachable, knowledgeable and gave much valued supportIt was a pleasure to work with Lawrie and his team as part of the Digital City Investor Readiness programme. Lawrie was approachable, knowledgeable and gave much valued support. I feel the teams input was beneficial and supported Core’s progression and growth and would I highly recommend Edale’s... Read more “Approachable, knowledgeable and gave much valued support”Paul27 June 2023Very pleased with end resultEdale helped us develop a project during the Covid-19 lockdown and were really helpful in coming up with solutions. Very pleased with end... Read more “Very pleased with end result”Fiona20 July 2020The best hour of support ever! I was fortunate enough to be supported by Lawrie with associate contracting and resources. It was without a doubt, the best hour’s support I’ve had! Lawrie was knowledgeable, clear and efficient, both in the design and delivery of my associate framework. I can now move forward with confidence and look forward to working with Edale... Read more “The best hour of support ever! ”Patsy12 September 2020A highly professional and responsive service delivered under extremely tight timescalesWe commissioned Edale to undertake some financial due diligence for a prospective investment that the LEP was considering. The service that Lawrie and the team provided was first rate and very thorough, especially given the extremely tight timescales we were working to. Lawrie communicated with us all the way and offered really useful advice that enabled us to get the best result. I would recommend Edale to other public bodies looking to appoint consultants to undertake financial due diligence... Read more “A highly professional and responsive service delivered under extremely tight timescales”John20 April 2020Great holistic experienceA great tutor and environment for a great formative experience. A basket of challenges, different skills and... Read more “Great holistic experience”Vito11 September 2019Certainly not “copy and pasted” adviceLawrie is one of those guys with experience and business creativity that means every conversation you leave with a wealth of ideas. He was approached to help me refine and add more coherence to my marketing strategy, but quickly recognising that for my circumstances that doesn’t mean “step 1, Google adverts, step 2, Facebook adverts”, we were able to cut deeper into what I am trying to do and what approach will achieve... Read more “Certainly not “copy and pasted” advice”Vann14 February 2020A meaningful work experienceMy experience at Edale was my first work experience abroad, which allowed me to build a solid set of essential skills for my career in finance on a learning-by-doing basis with two different businesses within a dynamic environment. With the help of Lawrie, who was and still is an energetic and motivational manager and mentor with whom I truly enjoyed working on different projects involving the creation from scratch, the development and management of a startup, I was able to grow efficiently on a professional level but also on a personal... Read more “A meaningful work experience”Cyril11 September 2019Clear and concise intro to funding options for clean growth business. The feedback from the innovators attending this workshop was very positive. The information was delivered in a clear way with plenty of opportunities for questions and... Read more “Clear and concise intro to funding options for clean growth business. ”Richard20 January 2020Very knowledgeable and always a pleasure to work withLawrie’s contribution to our ‘Real World of Business Funding’ workshops has been outstanding. We responds to attendees’ needs in real time and makes sure that everyone has their questions answered. We will definitely be working with Edale again in... Read more “Very knowledgeable and always a pleasure to work with”Mark20 January 2020Edale have transformed my business idea into a model that can be made a reality, they are amazing at what they do! I went to Lawrie with an idea for a business, which some would say was unrealistic, but Lawrie helped me with a business plan/model to give my idea some perspective and then we went through a financial plan together, crunching all the numbers to see how the business would make a profit. Before my sessions with Lawrie, I had all the ideas floating around in my head but didn’t have the knowhow to start turning it into a reality which is what Lawrie has helped me do. I now have a strong business and financial plan to work with and... Read more “Edale have transformed my business idea into a model that can be made a reality, they are amazing at what they do! ”Lewis17 March 2021 Services we deliver With a team of experienced practitioners we can offer advice, experiences, networks and a new perspective. Access to finance Strategic marketing Business basics Investment readiness Business development Creative design Business planning Subsidy Control Grant Management Grant Assessment Skills Development and Planning Net Zero Programmes we support Clean Growth UK network National network of clean and green businesses getting funding, investment and due diligence from Edale Clean Growth UK network Invest East Investment readiness from Edale for cohorts of Norfolk and Suffolk startups + scaleups Invest East Worcestershire Innovation 1:1 exploratory business planning in pilot of WINN Innovation Launch Pad WINN Innovation Launchpad DigitalCity Accelerator Programme Delivery partner providing 7 themed workshops over 10 weeks to digital + tech businesses DigitalCity Accelerator DigitalCity Investment Readiness 2021 Investment coaching and pitch training for digital firms in Tees Valley DigitalCity Here2Help Business Adapt Worcestershire based firms marketing and digital support to deal with covid impacts Here2Help Business Space2Waves in to UAE + South Africa Supporting 16 European SMEs internationalise into UAE and South Africa Aerospace Valley Programmes we've supported Enterprising Worcestershire Enable start-up and early stage enterprises to develop and prosper Enterprising Worcestershire Creative Fuse Tees Valley Accessible financial workshops and 1:1 creative, cultural and heritage organisations Creative Fuse Tees Valley Launchpad from Falmouth University Two crews of tech startups to get investment ready for raising equity funding. Falmouth Launchpad Interreg North Sea Region Facilitate SME workshops on Nature Business Benefit Cycle products in the Wash & North Norfolk coast PROWAD LINK EU BlueInvest Readiness Assistance operated by PwC Coaching Blue Economy SMEs enhancing strategic approach, investment readiness + business models. BlueInvest News and musings on these programmes The Social Security Fairness Act: The Effects on Non-Resident Retirees repealing WEP + GPO High Earners Dilemma: Avoiding Income Tax Traps A Tale of Two Taxmen: How the UK and US View Tax Wrappers Actions on beneficiaries for Brite Adviser liquidation What could some of the budget changes be in Oct 2024? Case Study: Navigating Complex US Inheritance Paperwork for a UK Beneficiary Cash distribution plans and client statements for Brite Advisors Growing into Our Teenage Years Understanding Retirement Accounts: SIPP vs. IRA vs. 401(k) for UK and US Residents when in the UK RSU awards for employees and financial advice --- > Get financial advice and find the best investment opportunities - Published: 2019-02-28 - Modified: 2024-09-25 - URL: https://edale.co/3-steps-to-advice/ Slide 1Nurture and grow your investments Get advice in three steps Describe your needs and receive offers from investment advisers Fast Service Complete your request in 20 seconds Smart solutions Matching smart ideas to your individual needs Free consultation There are no hidden fees Confidential Discrete and respect privacy Consider existing investments Will work with existing investments. Can transfer to us. Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Logged in as Lawrie Chandler. Log out? Please wait... Submit your informationShare informationSubmit your informationLet us understand your needs and basic information to contact you. Your request is sent to our qualified advisers to consider ideas from our suite of products. Get an AdviserSpeak with adviser Get personal adviser appointmentAccept to connect with an adviser. Organise an online or face to face discussion and exchange additional information. RecommendationsPersonal recommendationsPlan considering existing investments Get a financial review and guidance to move forward or best investment offers from Edale Join Edale as a clientBecome Edale clientInvest and grow your wealthIf satisfied with recommendation join Edale as a client. Complete paperwork and get regular reviews and updates   Call Whatsapp Online chat Secure message Email Office --- - Published: 2019-02-27 - Modified: 2019-02-27 - URL: https://edale.co/submission-recieved/ Thank you your message has been received. --- > Make an appointment online for investment advice! For large investments. Specialized consultations. - Published: 2019-02-11 - Modified: 2019-02-11 - URL: https://edale.co/private-client/investment-woes-enjoy-better-investments%e2%80%8e/ If you have investment portfolio and would like to discuss your situation with a qualified professional, please get in touch by filling out the below form. A solid second opinion provides you with an objective report on your current investments. Edale can answer your questions impartially. "How has my investments performed? " "How much can I expect to lose or gain over the next year assuming normal market conditions? " Then, we will let you know if we think the way your money is currently invested is appropriate. The end result of a free second opinion is a statement to stay invested the way you currently are or make a change. Name (required) Email (required) Telephone (required) Your Message Please leave this field empty. --- - Published: 2019-01-03 - Modified: 2019-10-15 - URL: https://edale.co/contact-methods/ Call Whatsapp Online chat Secure message Email Office --- > Use Edale skills when you need to monitor, manage and care for your financial assets - Published: 2018-11-09 - Modified: 2019-03-08 - URL: https://edale.co/consulting/ Edale provides investment-related services to investment firms, entrepreneurs as well as business leaders and builders. If you need skills that will immediately make an impact, Edale is for you. We are focused on business results you need; not signposting. Ability to deliver within time scales Edale works using a Rapid Application Development (RAD) approach. Our flexible approach can achieve your objectives in tight timeframes. Process and product design Agile working practices and focus on objectives to deliver the best solutions for the task in hand Build and manage Management of the project and bringing things together Project delivery Producing efficient results in rapid timeframes and positive outcomes. Institutional approach with razor sharp analysis Edale’s approach to any project would follow two main strands of qualitative assessment and quantitative analysis. 1. Data collection 2 Data analysis 3 Evaluation 4 Conclusions 5 Sharing and reassessing Accessible experts People with the knowledge and expertise to help you accomplish your goal --- > Compliance statements from Edale UK Management - Published: 2018-11-06 - Modified: 2024-02-05 - URL: https://edale.co/statements/ This page contains annually reviewed statements from Edale UK Management Limited and Edale Enterprises Limited (hereafter Edale). Terms of business and policies from Edale can be seen at https://edale. co/terms/. Slavery EDALE MODERN SLAVERY ACT Introduction In 2015, new legislation was introduced entitled the Modern Slavery Act 2015. Modern slavery encompasses slavery, servitude, human trafficking and forced labour. Edale is committed to acting ethically and with integrity and transparency in all business dealings and to putting effective systems and controls in place to safeguard against any form of modern slavery taking place within the business or our supply chain. This statement represents our firm's slavery and human trafficking statement for the 2020 financial year. Our organisation and structure Edale was established in 2014 as a wealth boutique focused on monitoring, managing & caring for financial assets. Edale is investment adviser to funds and client portfolios as well as offering bespoke services. The firm was launched by practitioners of big firm experts to develop superior products that demonstrate flair and leading edge thinking in niche market segments. Our business activities cover a wide range of financial products and services. Responsibility Responsibility and accountability for the Group's compliance with the Modern Slavery Act 2015 is ultimately the Board of Directors, however, on a day to day basis, it is the responsibility of our Chief Executive. The Group works to ensure that there is no modern slavery or human trafficking in our supply chains or in any part of our business. We have internal policies in place including our Ethical Code, Recruitment and Whistleblowing policies that demonstrate our commitment to this as an organisation. Our Modern Slavery Act Statement reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure our suppliers comply with the requirements of the Modern Slavery Act 2015. Risk Overall risk for the Group related to Modern Slavery Act compliance is deemed to be low, for the following reasons: The firm is UK based and operates in the field of financial services; Our supply chain is limited to goods and services which are required to support an organisation of this nature (e. g. support services and computer hardware + software); and Use of non-UK based suppliers is extremely limited. Expenditure with third parties is less than £250,000 per annum. 80% of this expenditure is with a handful of partners. Supplier Due Diligence We have zero tolerance to slavery and human trafficking. We expect all suppliers to comply with our values. We endeavour to establish and build long standing relationships with our local suppliers and clearly state our expectations of business behaviour. In the rare instances where non-UK based suppliers are used, our point of contact is preferably a UK company or branch and we expect these entities to have suitable anti-slavery and human trafficking policies and processes. We expect each supplier to adopt at least 'one-up' due diligence on the next link in the chain. It is not practical for us (and every other participant in the chain) to have a direct relationship with all members of the supply chain or have systems in place to encourage the reporting of concerns and the protection of whistle blowers. Since our last statement we continued to manage our processes: We incorporate modern slavery checks into our new supplier onboarding process; We have standard contract template to incorporate complying with the Modern Slavery Act 2015; We review our list of suppliers to identify those that may pose a higher risk in relation to Modern Slavery; We contacted higher risk suppliers to request policy compliance statements; and Checks in our ongoing supplier health check process to ensure that this is monitored and regularly reviewed. Find out about our approach In accordance with the requirements of the Act, this statement can be found on our website and will be reviewed annually. Eco friendly Edale is focused on monitoring, managing & caring for financial assets. We care about our world, long-term sustainability and contribution to a greater good. This policy aims to support Edale and its employees in performing their work and decision-making to improve our environment, reduce waste and enhance sustainability. The below principles for sustainability are based on our code of conduct and guide behaviour in daily work and when making business decisions. We take these principles and other relevant environmental, social and governance principles into consideration when evaluating business risks and opportunities. Edale expects business partners and suppliers to adhere to these principles. We are committed to good corporate citizenship We are committed to human rights, labour rights and freedom We are committed to equal opportunities and diversity We are committed to caring for the wellbeing of our employees We are committed to ethics, honesty and sincerity We are committed to caring for the environment We reject bribery and corruption We achieve these principles by: Operate an open door policy allowing employees to raise any concerns with line managers and HR Ensure employees are not victimised for coming to line managers and HR on topics they feel important. Ensure employee traditions and beliefs are respected, and encourage and promote diversity throughout the organisation. Open communication with employees to ensure all other policies are actively exercised. Maximise ‘outside of the box’ thinking and offer suggestions as to how any policy or process can be improved. Reward employees for hard work and innovative ideas that help in the running of the business. Adopting a flexible and agile working method to decrease our requirement for energy with shorter project timescales and operational processes. For openness, this statement can be found on our website and will be reviewed annually. Environment We care about our world, long-term sustainability and contribution to a greater good. To improve our environment and encourage environmental management of our resources we have the following policies. To minimise waste Reduce printing to essential documents and holding only one printer in the office. Confidential paper is shredded and recycled through in our community recycling bins provided in the town. Recycling all used printer toners, and in turn, use previously recycled toners. Encouraging extra layers on staff to reduce heating and energy use. Utilising technology to further reduce any operational waste. Promote the recycling of waste both internally and amongst customers and suppliers. Improve our environment Conducting the majority of the business electronically via email and system links to reduce printing and produce waste. Utilise the best technology to facilitate the most convenient appointments for clients, in order to reduce travel distances and lower emissions. Communicate all environmental aims and objectives to employees and external stakeholders. Encourage the use of healthy and personally powered travel to the office. Additionally, to achieve our environmental goals Edale will: Build environmental and sustainable considerations into all aspects of our business and projects, with a full brief from the client to make sure that the needs of our end users are met. Reduce waste and actively seek opportunities to reuse and recycle material. Procure recycled resources, stationery and packaging and purchase fairtrade consumables and seek local suppliers where possible. Use energy efficiently. Gain & act upon feedback from our interested parties. Promote continuous improvement of environmental and sustainable performance. Educate and raise awareness of employees in environmental and sustainable issues and the environmental and sustainable effects of their activities. Share environmentally friendly reusable or recycled solutions with clients. Pass on our principles through our supply chain. Consider community activities that support sustainable causes. Communicate this policy to those working for Edale and engage in dialogue with our stakeholders regarding our commitment to the environment and sustainability. Maintain and review the management system to support the implementation of this policy. A commitment to leadership within the fields. Grow the business sustainably. Quality Edale is a progressive forward-looking and responsible organisation that aims to deliver a quality product and service in line with specified customer requirements and pre-determined compliance criteria while at the same time ensuring compliance with applicable legislation. The below principles for quality control are achieved by the adoption of a system of procedures and smart working methods. Supply quality products and services by aiming to exceed the requirements of customers To maintain a policy that is appropriate to the purpose and context of the organisation and supports the strategic direction Adopt technologies that improve work efficiencies, engage clients, raise standards and create positive sustainable results Achievement of this policy involves all staff, who are individually responsible for the quality of their work, resulting in a continually improving working environment for all. Through the quality commitment made to our clients before and during engagements, we work to continually improve the quality, skill, and competency of our services supplied. We will monitor our quality performance regularly and set objectives and targets for further improvement. For openness, this statement can be found on our website and will be reviewed annually. Caring It is of crucial and vital importance to Edale to conduct its business in such a way that the health, well-being and welfare of all persons involved with, or affected by, our activities are safeguarded. This duty of care policy is to ensure everyone is aware of their duty of care responsibilities towards their employees and persons affected by our activities. Everyone has an obligation to perform his duties with a level of active concern or lack of negligence towards avoidance of possible dangers, mistakes, pitfalls and risks. Edale is responsible for a safe and secure workplace, free from hazards and situations that endanger our employees and persons involved with/affected by our activities. There is both an impact of work on mental and physical health as well as of mental and physical health on work. Furthermore, employee’s health and wellbeing can have a direct effect on work health, safety and business performance. We acknowledge that optimizing health and welfare increases personal and team performances and diminishes failure costs. Edale therefore: Promotes and encourages our employees to be healthy, fit for their jobs and motivated to perform. Ensures that our employees are well prepared with relevant and reliable (travel) health-promoting information, so they have appropriate knowledge to handle problems and assessing health, safety and security risks. Facilitates access to medical assistance and information, providing the employee with appropriate information on health and health related issues. Restates and actively monitors our social care and our focus on wellbeing of our employees. Takes signals of employees seriously, especially in understanding of exposure in case of crises and/or incidents. Explanation of terms: Health: State of complete physical, mental, and social well-being, and not merely the absence of disease or infirmity. Health is a dynamic condition resulting from a body's constant adjustment and adaptation in response to stresses and changes in the environment for maintaining an inner equilibrium. Safety: Relative freedom from danger, risk, or threat of harm, injury, or loss to personnel and/or property whether caused deliberately or by accident. Having the opportunity (knowledge and resources) to watch over one’s personal safety. Welfare: Availability of resources and presence of conditions required for comfortable living/working. Ensure circumstances that encourage employees to enjoy their job and to perform in a pleasurable working environment. Security: The prevention of and protection against (the consequences of) assault, damage, fire, fraud, invasion of privacy, theft, unlawful entry, war threat and other such occurrences caused by deliberate action. Info Sec This information security technology asset disposal policy is concerned with managing the secure disposal of equipment owned by the organisation but no longer required. IT equipment such as computers, tablet computers, mobile phones and digital storage devices are vital and valuable assets to any modern organisation. The disposal of such equipment, due to its need for replacement or upgrade, or merely because it has become obsolete, surplus or redundant, is an issue because: IT equipment may contain data or information that must be protected the equipment represents an asset value the equipment may be reused or recycled the equipment must be disposed of safely according to the law and in an environmentally sustainable way. The organisation aims to ensure that all of its IT equipment is managed effectively, including its disposal. The organisation understands that responsible IT asset management and disposal is essential for compliance with the Data Protection Act 2018. Procedures In this organisation: this policy relates to technological equipment that can record or hold data, including: PCs laptops tablets mobile phones multi-functional devices — printers/scanners servers fax machines USB memory sticks and external hard drives managers should identify all such devices and ensure that these are recorded in an asset register All staff and managers must follow the approved disposal/destruction methods for equipment to ensure that the risk of any loss of sensitive information or data breach is minimised all IT equipment that is identified for disposal should be accompanied by an Equipment Disposal Verification Form and an entry included in the asset register any IT equipment that has the potential to store sensitive data and which is no longer needed or has reached its “end of life” must have its data securely deleted/wiped and sensitive data deemed unreadable and unrecoverable before: redistribution or reuse within the organisation decommissioning and disposal all such equipment should be processed by a registered and approved contractor to securely remove any personal data when agreeing a contract with a professional equipment disposal service, the management of the home should obtain clear evidence of sufficient data security arrangements, including a written statement regarding confidentiality, destruction methods, and indemnity should the contractor fail to adequately destroy information; companies should comply with the ISO 27001:2013 IT Asset Disposal Standard IT and data equipment should not leave the organisation’s premises unless a chain of custody is established relating to the data contained within the device; this means establishing who is responsible for deleting the personal data contained on them deleting visible files, emptying files from the “Recycle Bin” of a computer or reformatting a drive are not considered a sufficiently secure method of wiping equipment, as data recovery software could be used by a new owner to “undelete” files or “unformat” a drive in the event that IT assets containing sensitive information are no longer needed by the care service and cannot be securely wiped, the equipment may need to be physically destroyed in all cases, the Equipment Disposal Verification Form should be completed and signed and kept with the asset register redundant IT equipment should not be donated to charities/schools, etc managers should ensure that any equipment that is leased has a data destruction clause written into the contract. Under such an arrangement, the supplier will ensure that data is wiped when it is returned. Waste Disposal Computer monitors, printers, scanners and fax machines are defined as hazardous waste due to the metals and chemicals used in their construction, and arrangements for their disposal must be handled in compliance with the organisation’s waste policies. This organisation must comply with its requirements under the Waste Electronic and Electrical Equipment Directive (WEEE). Small amounts... --- - Published: 2018-07-31 - Modified: 2018-07-31 - URL: https://edale.co/flexglobal-redemption-form/ CLIENT PERSONAL DETAILS Select Title (required) —Please choose an option—MrMrsMissMsOther Details: Family Name (required) First Name (required) Client Reference Number: FLEX CONTACT DETAILS IN CASE OF QUERIES Home phone (required) Mobile phone (required) Your personal E-mail (required) Your work E-mail (required) BANK DETAILS Please provide your personal bank details, should they be different to those nominated in the original FlexGlobal Application Form. If bank details are unchanged this section may be left blank. Account Number Sort Code IBAN Number SWIFT Code Bank Name Bank Address REDEMPTION INSTRUCTIONS Please confirm whether this is either: A full redemption and termination of my FlexGlobal AgreementA partial redemption of my FlexGlobal Agreement Please select the amount and currency to be redeemed "e. g 10,000 and EUR /GBP/USD. Separate each amount with a comma" Your partial redemption will have to To be redeemed as pro rata slice of investment portfolioTo be redeemed against specific investments Specific Investments If redemption is against specific investments please indicate below which funds the previously specified redemption amount should be redeemed from (must total 100%). Is your investment's choice a Mixed Investment? YesNo Fund Manager Defensive Cautious Moderate Growth Adventurous Aberdeen Standard Investments MyFolio Mkt I (%) GBP MyFolio Mgd I (%) GBP MyFolio Mkt II(%) GBP MyFolio Mgd II (%) GBP MyFolio Mkt III (%) GBP MyFolio Mgd III (%) GBP MyFolio Mkt IV(%) GBP MyFolio Mgd IV (%) GBP Diversified (%) —Please choose an option—GBPEUR MyFolio Mkt V (%) GBP MyFolio Mgd V (%) GBP BlackRock Defensive(%) —Please choose an option—GBPUSDEUR Moderate(%) —Please choose an option—GBPUSDEUR Growth (%) —Please choose an option—GBPUSDEUR Canaccord Genuinity Diversity(%) —Please choose an option—GBPUSDEUR Affinity (%) —Please choose an option—GBPUSDEUR Opportunity (%) —Please choose an option—GBPUSDEUR GAM Defensive(%) —Please choose an option—GBPUSDEUR Cautious(%) —Please choose an option—GBPUSDEUR Balanced(%) —Please choose an option—GBPUSDEUR Growth(%) —Please choose an option—GBPUSDEUR Dynamic Growth (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Defensive(%) —Please choose an option—GBPUSDEUR Conservative (%) —Please choose an option—GBPUSDEUR Core(%) —Please choose an option—GBPUSDEUR Plus (%) —Please choose an option—GBPUSDEUR Special Notes Please specify which, amid Lump-sum investment (LP) and Monthly contribution (MC), you want to redeem. Fund Manager Defensive Cautious Moderate Growth Adventurous Aberdeen Standard Investments MyFolio Mkt I (%) GBP —Please choose an option—LPMC MyFolio Mgd I (%) GBP —Please choose an option—LPMC MyFolio Mkt II(%) GBP —Please choose an option—LPMC MyFolio Mgd II Lump Sum (%) GBP —Please choose an option—LPMC MyFolio Mkt III (%) GBP —Please choose an option—LPMC MyFolio Mgd III Lump Sum (%) GBP —Please choose an option—LPMC MyFolio Mkt IV(%) GBP —Please choose an option—LPMC MyFolio Mgd IV Lump Sum (%) GBP —Please choose an option—LPMC Diversified (%) —Please choose an option—LPMC —Please choose an option—GBPEUR MyFolio Mkt V (%) GBP —Please choose an option—LPMC MyFolio Mgd V (%) GBP —Please choose an option—LPMC BlackRock Defensive(%) —Please choose an option—LPMC —Please choose an option—GBPUSDEUR Moderate(%) —Please choose an option—LPMC —Please choose an option—GBPUSDEUR Growth (%) —Please choose an option—LPMC —Please choose an option—GBPUSDEUR Canaccord Genuinity Diversity(%) —Please choose an option—LPMC —Please choose an option—GBPUSDEUR Affinity (%) —Please choose an option—LPMC —Please choose an option—GBPUSDEUR Opportunity (%) —Please choose an option—LPMC —Please choose an option—GBPUSDEUR GAM Defensive(%) —Please choose an option—LPMC —Please choose an option—GBPUSDEUR Cautious(%) —Please choose an option—LPMC —Please choose an option—GBPUSDEUR Balanced(%) —Please choose an option—LPMC —Please choose an option—GBPUSDEUR Growth(%) —Please choose an option—LPMC —Please choose an option—GBPUSDEUR Dynamic Growth (%) —Please choose an option—LPMC —Please choose an option—GBPUSDEUR Pacific Asset Management Defensive(%) —Please choose an option—LPMC —Please choose an option—GBPUSDEUR Conservative (%) —Please choose an option—LPMC —Please choose an option—GBPUSDEUR Core(%) —Please choose an option—LPMC —Please choose an option—GBPUSDEUR Plus (%) —Please choose an option—LPMC —Please choose an option—GBPUSDEUR Special Notes CLIENT'S DECLARATION: Date GG MM YY FINANCIAL ADVISER'S DECLARATION: Name E-mail Company Mobile Number Date GG MM YY --- - Published: 2018-07-31 - Modified: 2018-07-31 - URL: https://edale.co/flexglobal-investment-switch-form/ CLIENT PERSONAL DETAILS Select Title (required) —Please choose an option—MrMrsMissMsOther Details: Family Name (required) First Name (required) Client Reference Number: FLEX CONTACT DETAILS IN CASE OF QUERIES Home phone (required) Mobile phone (required) Your personal E-mail (required) Your work E-mail (required) INVESTMENT SELECTION This section is to be completed, with your appointed Financial Adviser, to indicate your new investment fund choices. Do you wish to change your previous selected investment scheme? YesNo Please select your new investment's kind. Lump-sum investmentsMonthly contributionMixed investment (lump + contributions) Choose the amount of the investment in Lump-Sum investments in your FlexGlobal currency (required) "e. g 10,000 and EUR /GBP/USD. Separate each contribution with a comma. " Choose the amount of the investment in Monthly contribution in your FlexGlobal currency (required) "e. g 10,000 and EUR /GBP/USD. Separate each contribution with a comma. " Based on your risk profile choose an investment strategy (required) IncomeBalancedGrowth Fund Manager Growth Adventurous Aberdeen Standard Investments MyFolio Mkt IV Lump Sum (%) GBP MyFolio Mkt IV Monthly contribution (%) GBP MyFolio Mgd IV Lump Sum (%) GBP MyFolio Mgd IV Monthly contribution (%) GBP Diversified Growth Lump Sum (%) GBP —Please choose an option—GBPEUR Diversified Monthly contribution (%) —Please choose an option—GBPEUR MyFolio Mkt V Lump Sum (%) GBP MyFolio Mkt V Monthly contribution (%) GBP MyFolio Mgd V Lump Sum (%) GBP MyFolio Mgd V Monthly contribution (%) GBP BlackRock Growth Lump Sum (%) —Please choose an option—GBPUSDEUR Growth Monthly contribution (%) —Please choose an option—GBPUSDEUR Canaccord Genuinity Affinity Lump Sum (%) —Please choose an option—GBPUSDEUR Affinity Monthly contribution (%) —Please choose an option—GBPUSDEUR Opportunity Lump Sum (%) —Please choose an option—GBPUSDEUR Opportunity Monthly contribution (%) —Please choose an option—GBPUSDEUR GAM Growth Lump Sum (%) —Please choose an option—GBPUSDEUR Growth Monthly contribution (%) —Please choose an option—GBPUSDEUR Dynamic Growth Lump Sum (%) —Please choose an option—GBPUSDEUR Dynamic Growth Monthly contribution (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Plus Lump Sum(%) —Please choose an option—GBPUSDEUR Plus Monthly contribution(%) —Please choose an option—GBPUSDEUR Fund Manager Cautious Moderate Growth Aberdeen Standard Investments MyFolio Mkt II Lump Sum (%) GBP MyFolio Mkt II Monthly contribution (%) GBP MyFolio Mgd II Lump Sum (%) GBP MyFolio Mgd II Monthly contribution (%) GBP MyFolio Mkt III Lump Sum (%) GBP MyFolio Mkt III Monthly contribution (%) GBP MyFolio Mgd III Lump Sum (%) GBP MyFolio Mgd III Monthly contribution (%) GBP MyFolio Mkt IV Lump Sum (%) GBP MyFolio Mkt Monthly contribution (%) MyFolio Mgd IV Lump Sum (%) GBP MyFolio Mgd IV Monthly contribution (%) GBP Diversified Lump Sum (%) —Please choose an option—GBPEUR Diversified Monthly contribution (%) —Please choose an option—GBPEUR BlackRock Moderate Lump Sum (%) —Please choose an option—GBPUSDEUR Moderate Monthly contribution (%) —Please choose an option—GBPUSDEUR Growth Lump Sum (%) —Please choose an option—GBPUSDEUR Growth Monthly contribution (%) —Please choose an option—GBPUSDEUR Canaccord Genuinity Diversity Lump Sum (%) —Please choose an option—GBPUSDEUR Diversity Monthly contribution (%) —Please choose an option—GBPUSDEUR Affinity Lump Sum (%) —Please choose an option—GBPUSDEUR Affinity Monthly contribution(%) —Please choose an option—GBPUSDEUR GAM Cautious Lump Sum (%) —Please choose an option—GBPUSDEUR Cautious Monthly contribution (%) —Please choose an option—GBPUSDEUR Balanced Lump Sum (%) —Please choose an option—GBPUSDEUR Balanced Monthly contribution (%) —Please choose an option—GBPUSDEUR Growth Lump Sum (%) —Please choose an option—GBPUSDEUR Growth Monthly contribution (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Conservative Lump Sum (%) —Please choose an option—GBPUSDEUR Conservative Monthly contribution (%) —Please choose an option—GBPUSDEUR Core Lump Sum (%) —Please choose an option—GBPUSDEUR Core Monthly contribution (%) —Please choose an option—GBPUSDEUR Plus Lump Sum (%) —Please choose an option—GBPUSDEUR Plus Monthly contribution (%) —Please choose an option—GBPUSDEUR Fund Manager Defensive Cautious Aberdeen Standard Investments MyFolio Mkt I Lump Sum (%) GBP MyFolio Mkt I Monthly contribution (%) GBP MyFolio Mgd I Lump Sum (%) MyFolio Mgd I Monthly contribution (%) GBP MyFolio Mkt II Lump Sum (%) GBP MyFolio Mkt II Monthly contribution (%) GBP MyFolio Mgd II Lump Sum (%) GBP MyFolio Mgd II Monthly contribution (%) GBP BlackRock Defensive Lump Sum (%) —Please choose an option—GBPUSDEUR Defensive Monthly contribution (%) —Please choose an option—GBPUSDEUR GAM Defensive Lump Sum (%) —Please choose an option—GBPUSDEUR Defensive Monthly contribution (%) —Please choose an option—GBPUSDEUR Cautious Lump Sum (%) —Please choose an option—GBPUSDEUR Cautious Monthly contribution (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Defensive Lump Sum (%) —Please choose an option—GBPUSDEUR Defensive Monthly contribution (%) —Please choose an option—GBPUSDEUR Conservative Lump Sum (%) —Please choose an option—GBPUSDEUR Conservative Monthly contribution (%) —Please choose an option—GBPUSDEUR Special Notes Based on your risk profile choose an investment strategy(required) IncomeBalancedGrowth Fund Manager Growth Adventurous Aberdeen Standard Investments MyFolio Mkt IV (%) GBP MyFolio Mgd IV (%) GBP Diversified Growth (%) —Please choose an option—GBPEUR MyFolio Mkt V (%) GBP MyFolio Mgd V (%) GBP BlackRock Growth (%) —Please choose an option—GBPUSDEUR Canaccord Genuinity Affinity (%) —Please choose an option—GBPUSDEUR Opportunity (%) —Please choose an option—GBPUSDEUR GAM Growth (%) —Please choose an option—GBPUSDEUR Dynamic Growth (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Plus (%) —Please choose an option—GBPUSDEUR Fund Manager Cautious Moderate Growth Aberdeen Standard Investments MyFolio Mkt II (%) GBP MyFolio Mgd II (%) GBP MyFolio Mkt III (%) GBP MyFolio Mgd III (%) GBP MyFolio Mkt IV (%) GBP MyFolio Mgd IV (%) GBP Diversified Growth (%) —Please choose an option—GBPEUR BlackRock Moderate (%) —Please choose an option—GBPUSDEUR Growth (%) —Please choose an option—GBPUSDEUR Canaccord Genuinity Diversity (%) —Please choose an option—GBPUSDEUR Affinity (%) —Please choose an option—GBPUSDEUR GAM Cautious (%) —Please choose an option—GBPUSDEUR Balanced (%) —Please choose an option—GBPUSDEUR Growth (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Conservative (%) —Please choose an option—GBPUSDEUR Core (%) —Please choose an option—GBPUSDEUR Plus (%) —Please choose an option—GBPUSDEUR Fund Manager Defensive Cautious Aberdeen Standard Investments MyFolio Mkt I (%) GBP MyFolio Mgd I (%) GBP MyFolio Mkt II (%) GBP MyFolio Mgd II (%) GBP BlackRock Defensive (%) —Please choose an option—GBPUSDEUR GAM Defensive (%) —Please choose an option—GBPUSDEUR Cautious (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Defensive (%) —Please choose an option—GBPUSDEUR Conservative (%) —Please choose an option—GBPUSDEUR Special Notes Based on your risk profile choose an investment strategy (required) IncomeBalancedGrowth Fund Manager Growth Adventurous Aberdeen Standard Investments MyFolio Mkt IV (%) GBP MyFolio Mgd IV (%) GBP Diversified Growth (%) —Please choose an option—GBPEUR MyFolio Mkt V (%) GBP MyFolio Mgd V (%) GBP BlackRock Growth (%) —Please choose an option—GBPUSDEUR Canaccord Genuinity Affinity (%) —Please choose an option—GBPUSDEUR Opportunity (%) —Please choose an option—GBPUSDEUR GAM Growth (%) —Please choose an option—GBPUSDEUR Dynamic Growth (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Plus (%) —Please choose an option—GBPUSDEUR Fund Manager Cautious Moderate Growth Aberdeen Standard Investments MyFolio Mkt II (%) GBP MyFolio Mgd II (%) GBP MyFolio Mkt III (%) GBP MyFolio Mgd III (%) GBP MyFolio Mkt IV (%) GBP MyFolio Mgd IV (%) GBP Diversified Growth (%) —Please choose an option—GBPEUR BlackRock Moderate (%) —Please choose an option—GBPUSDEUR Growth (%) —Please choose an option—GBPUSDEUR Canaccord Genuinity Diversity (%) —Please choose an option—GBPUSDEUR Affinity (%) —Please choose an option—GBPUSDEUR GAM Cautious (%) —Please choose an option—GBPUSDEUR Balanced (%) —Please choose an option—GBPUSDEUR Growth (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Conservative (%) —Please choose an option—GBPUSDEUR Core (%) —Please choose an option—GBPUSDEUR Plus (%) —Please choose an option—GBPUSDEUR Fund Manager Defensive Cautious Aberdeen Standard Investments MyFolio Mkt I (%) GBP MyFolio Mgd I (%) GBP MyFolio Mkt II (%) GBP MyFolio Mgd II (%) GBP BlackRock Defensive (%) —Please choose an option—GBPUSDEUR GAM Defensive (%) —Please choose an option—GBPUSDEUR Cautious (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Defensive (%) —Please choose an option—GBPUSDEUR Conservative (%) —Please choose an option—GBPUSDEUR Special Notes Please select your investment's kind. Lump-sum investmentsMonthly contributionMixed investment (lump + contributions) Choose the amount of the investment in Lump-Sum investments in your FlexGlobal currency (required) "e. g 10,000 and EUR /GBP/USD. Separate each contribution with a comma. " Choose the amount of the investment in Monthly contribution in your FlexGlobal currency (required) "e. g 10,000 and EUR /GBP/USD. Separate each contribution with a comma. " Based on your risk profile choose an investment strategy (required) IncomeBalancedGrowth Fund Manager Growth Adventurous Aberdeen Standard Investments MyFolio Mkt IV Lump Sum (%) GBP MyFolio Mkt IV Monthly contribution (%) GBP MyFolio Mgd IV Lump Sum (%) GBP MyFolio Mgd IV Monthly contribution (%) GBP Diversified Growth Lump Sum (%) GBP —Please choose an option—GBPEUR Diversified Monthly contribution (%) —Please choose an option—GBPEUR MyFolio Mkt V Lump Sum (%) GBP MyFolio Mkt V Monthly contribution (%) GBP MyFolio Mgd V Lump Sum (%) GBP MyFolio Mgd V Monthly contribution (%) GBP BlackRock Growth Lump Sum (%) —Please choose an option—GBPUSDEUR Growth Monthly contribution (%) —Please choose an option—GBPUSDEUR Canaccord Genuinity Affinity Lump Sum (%) —Please choose an option—GBPUSDEUR Affinity Monthly contribution (%) —Please choose an option—GBPUSDEUR Opportunity Lump Sum (%) —Please choose an option—GBPUSDEUR Opportunity Monthly contribution (%) —Please choose an option—GBPUSDEUR GAM Growth Lump Sum (%) —Please choose an option—GBPUSDEUR Growth Monthly contribution (%) —Please choose an option—GBPUSDEUR Dynamic Growth Lump Sum (%) —Please choose an option—GBPUSDEUR Dynamic Growth Monthly contribution (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Plus Lump Sum(%) —Please choose an option—GBPUSDEUR Plus Monthly contribution(%) —Please choose an option—GBPUSDEUR Fund Manager Cautious Moderate Growth Aberdeen Standard Investments MyFolio Mkt II Lump Sum (%) GBP MyFolio Mkt II Monthly contribution (%) GBP MyFolio Mgd II Lump Sum (%) GBP MyFolio Mgd II Monthly contribution (%) GBP MyFolio Mkt III Lump Sum (%) GBP MyFolio Mkt III Monthly contribution (%) GBP MyFolio Mgd III Lump Sum (%) GBP MyFolio Mgd III Monthly contribution (%) GBP MyFolio Mkt IV Lump Sum (%) GBP MyFolio Mkt Monthly contribution (%) MyFolio Mgd IV Lump Sum (%) GBP MyFolio Mgd IV Monthly contribution (%) GBP Diversified Lump Sum (%) —Please choose an option—GBPEUR Diversified Monthly contribution (%) —Please choose an option—GBPEUR BlackRock Moderate Lump Sum (%) —Please choose an option—GBPUSDEUR Moderate Monthly contribution (%) —Please choose an option—GBPUSDEUR Growth Lump Sum (%) —Please choose an option—GBPUSDEUR Growth Monthly contribution (%) —Please choose an option—GBPUSDEUR Canaccord Genuinity Diversity Lump Sum (%) —Please choose an option—GBPUSDEUR Diversity Monthly contribution (%) —Please choose an option—GBPUSDEUR Affinity Lump Sum (%) —Please choose an option—GBPUSDEUR Affinity Monthly contribution(%) —Please choose an option—GBPUSDEUR GAM Cautious Lump Sum (%) —Please choose an option—GBPUSDEUR Cautious Monthly contribution (%) —Please choose an option—GBPUSDEUR Balanced Lump Sum (%) —Please choose an option—GBPUSDEUR Balanced Monthly contribution (%) —Please choose an option—GBPUSDEUR Growth Lump Sum (%) —Please choose an option—GBPUSDEUR Growth Monthly contribution (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Conservative Lump Sum (%) —Please choose an option—GBPUSDEUR Conservative Monthly contribution (%) —Please choose an option—GBPUSDEUR Core Lump Sum (%) —Please choose an option—GBPUSDEUR Core Monthly contribution (%) —Please choose an option—GBPUSDEUR Plus Lump Sum (%) —Please choose an option—GBPUSDEUR Plus Monthly contribution (%) —Please choose an option—GBPUSDEUR Fund Manager Defensive Cautious Aberdeen Standard Investments MyFolio Mkt I Lump Sum (%) GBP MyFolio Mkt I Monthly contribution (%) GBP MyFolio Mgd I Lump Sum (%) MyFolio Mgd I Monthly contribution (%) GBP MyFolio Mkt II Lump Sum (%) GBP MyFolio Mkt II Monthly contribution (%) GBP MyFolio Mgd II Lump Sum (%) GBP MyFolio Mgd II Monthly contribution (%) GBP BlackRock Defensive Lump Sum (%) —Please choose an option—GBPUSDEUR Defensive Monthly contribution (%) —Please choose an option—GBPUSDEUR GAM Defensive Lump Sum (%) —Please choose an option—GBPUSDEUR Defensive Monthly contribution (%) —Please choose an option—GBPUSDEUR Cautious Lump Sum (%) —Please choose an option—GBPUSDEUR Cautious Monthly contribution (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Defensive Lump Sum (%) —Please choose an option—GBPUSDEUR Defensive Monthly contribution (%) —Please choose an option—GBPUSDEUR Conservative Lump Sum (%) —Please choose an option—GBPUSDEUR Conservative Monthly contribution (%) —Please choose an option—GBPUSDEUR Special Notes Based on your risk profile choose an investment strategy(required) IncomeBalancedGrowth Fund Manager Growth Adventurous Aberdeen Standard Investments MyFolio Mkt IV (%) GBP MyFolio Mgd IV (%) GBP Diversified Growth (%) —Please choose an option—GBPEUR MyFolio Mkt V (%) GBP MyFolio Mgd V (%) GBP BlackRock Growth (%) —Please choose an option—GBPUSDEUR Canaccord Genuinity Affinity (%) —Please choose an option—GBPUSDEUR Opportunity (%) —Please choose an option—GBPUSDEUR GAM Growth (%) —Please choose an option—GBPUSDEUR Dynamic Growth (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Plus (%) —Please choose an option—GBPUSDEUR Fund Manager Cautious Moderate Growth Aberdeen Standard Investments MyFolio Mkt II (%) GBP MyFolio Mgd II (%) GBP MyFolio Mkt III (%) GBP MyFolio Mgd III (%) GBP MyFolio Mkt IV (%) GBP MyFolio Mgd IV (%) GBP Diversified Growth (%) —Please choose an option—GBPEUR BlackRock Moderate (%) —Please choose an option—GBPUSDEUR Growth (%) —Please choose an option—GBPUSDEUR Canaccord Genuinity Diversity (%) —Please choose an option—GBPUSDEUR Affinity (%) —Please choose an option—GBPUSDEUR GAM Cautious (%) —Please choose an option—GBPUSDEUR Balanced (%) —Please choose an option—GBPUSDEUR Growth (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Conservative (%) —Please choose an option—GBPUSDEUR Core (%) —Please choose an option—GBPUSDEUR Plus (%) —Please choose an option—GBPUSDEUR Fund Manager Defensive Cautious Aberdeen Standard Investments MyFolio Mkt I (%) GBP MyFolio Mgd I (%) GBP MyFolio Mkt II (%) GBP MyFolio Mgd II (%) GBP BlackRock Defensive (%) —Please choose an option—GBPUSDEUR GAM Defensive (%) —Please choose an option—GBPUSDEUR Cautious (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Defensive (%) —Please choose an option—GBPUSDEUR Conservative (%) —Please choose an option—GBPUSDEUR Special Notes Based on your risk profile choose an investment strategy (required) IncomeBalancedGrowth Fund Manager Growth Adventurous Aberdeen Standard Investments MyFolio Mkt IV (%) GBP MyFolio Mgd IV (%) GBP Diversified Growth (%) —Please choose an option—GBPEUR MyFolio Mkt V (%) GBP MyFolio Mgd V (%) GBP BlackRock Growth (%) —Please choose an option—GBPUSDEUR Canaccord Genuinity Affinity (%) —Please choose an option—GBPUSDEUR Opportunity (%) —Please choose an option—GBPUSDEUR GAM Growth (%) —Please choose an option—GBPUSDEUR Dynamic Growth (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Plus (%) —Please choose an option—GBPUSDEUR Fund Manager Cautious Moderate Growth Aberdeen Standard Investments MyFolio Mkt II (%) GBP MyFolio Mgd II (%) GBP MyFolio Mkt III (%) GBP MyFolio Mgd III (%) GBP MyFolio Mkt IV (%) GBP MyFolio Mgd IV (%) GBP Diversified Growth (%) —Please choose an option—GBPEUR BlackRock Moderate (%) —Please choose an option—GBPUSDEUR Growth (%) —Please choose an option—GBPUSDEUR Canaccord Genuinity Diversity (%) —Please choose an option—GBPUSDEUR Affinity (%) —Please choose an option—GBPUSDEUR GAM Cautious (%) —Please choose an option—GBPUSDEUR Balanced (%) —Please choose an option—GBPUSDEUR Growth (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Conservative (%) —Please choose an option—GBPUSDEUR Core (%) —Please choose an option—GBPUSDEUR Plus (%) —Please choose an option—GBPUSDEUR Fund Manager Defensive Cautious Aberdeen Standard Investments MyFolio Mkt I (%) GBP MyFolio Mgd I (%) GBP MyFolio Mkt II (%) GBP MyFolio Mgd II (%) GBP BlackRock Defensive (%) —Please choose an option—GBPUSDEUR GAM Defensive (%) —Please choose an option—GBPUSDEUR Cautious (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Defensive (%) —Please choose an option—GBPUSDEUR Conservative (%) —Please choose an option—GBPUSDEUR Special Notes CLIENT'S DECLARATION: Date GG MM... --- - Published: 2018-07-24 - Modified: 2024-10-16 - URL: https://edale.co/risk-profiler/ Answer the questions below to get a view on your risk and return expectations based on your views on risk and attitude to investments. Adviser name Adviser email Client name Client email RISK PROFILER This form has been designed to assist you in ascertaining your tolerance to risk. By working through the questions with your relationship manager you will be able to determine your appetite for risk. This form should only be used as a tool to help you make the right investment choice. You may choose to ignore the questionnaire and select a portfolio based on your own opinion but you will be responsible for this choice and we cannot be held liable for suitability or appropriateness of the investments held in such a situation. Investors may also find that they have different risk and return appetites for differing investment goals and where this could be the case it may be helpful to complete the questionnaire for each of your investment goals. For how many years have you invested in investment products other than banks savings/deposit accounts? Never, new to investingLast one year only2-5 years5+ years10+ years How do you consider your investment knowledge level? Experienced: I have/had previous experience in Derivatives, Swaps, Futures and Options, Emerging Market Equities, Direct Equity etc. Moderately High: I have/had previous experience in Corporate Bonds, LIBOR Linked Notes/ Structured Notes. Moderate: I have/had previous experience of Mutual Funds, Property Funds, Investment Trusts, Direct Property Investments etc. Limited: I have/had previous experience in Sovereign Bonds, Capital Guaranteed funds (Fixed Income and Equity based) etc. Low: I have/had previous and current experience with bank deposits and savings accounts, fixed term deposits. What do you consider to be the length of your investment time horizon? --- - Published: 2018-07-23 - Modified: 2025-05-28 - URL: https://edale.co/terms/ This page contains information on policies and procedures for Edale UK Management Limited and Edale Enterprises Limited (hereafter Edale). For customers that need a large print format use the buttons. A + A – Audio version of key documents can be shared on WhatsApp. /** * Adjusts the font size of every element on the page. * @param {number} deltaPx Number of pixels to add (or subtract) to each element. */ function adjustFontSize(deltaPx) { // Select all elements inside const allElems = document. querySelectorAll('body *'); allElems. forEach(el => { // Get the computed font-size (e. g. "16px") const style = window. getComputedStyle(el). fontSize; const current = parseFloat(style); if (! isNaN(current)) { el. style. fontSize = (current + deltaPx) + 'px'; } }); } // Wire up our buttons document. getElementById('increase-font') . addEventListener('click', => adjustFontSize(1)); document. getElementById('decrease-font') . addEventListener('click', => adjustFontSize(-1)); Compliance statements from Edale including modern slavery policy can be seen at https://edale. co/statements/. Terms and conditions for promotions can be seen here. Key info Edale Key Information and Disclosure This document is issued on behalf of Edale of 15 Bell Street, Reigate, RH2 7AD whom can be contacted at 0207 99 35 360. Our principal place of business is 15 Bell Street, Reigate, RH2 7AD. This document gives you key information about us, how we work and services we provide. Authorisation Statement Edale is Authorised and Regulated by the Financial Conduct Authority reference number 812332. The Financial Conduct Authority (FCA) regulates the financial services industry in the UK and their address is 25 The North Colonnade, Canary Wharf, London, E14 5HS. You can check this on the FCA’s Register by visiting the FCA’s website http://www. fca. org. uk/ FCA or by contacting the FCA on 0800 111 6768. Commitment Edale is satisfied that it has embedded the Treating Customers Fairly (TCF) values and principles into its business. A strong focus on client service and listening to our clients has always been part of our culture and our client-related processes and policies are continually reviewed and re-aligned where required. Key indicators relating to our TCF policies are monitored regularly throughout the business. All outcomes are reviewed and considered by senior management to ensure that TCF stays firmly on our agenda and that it is part of our business as usual processes. Client Categorisation For the purposes of the FCA rules, we will treat you as a Retail Client unless otherwise specifically stated in writing. This classification allows you the maximum level of regulatory protection. On the basis of the information you provide on your Application Form we shall classify you as a retail client, a professional client or an eligible counterparty for the purposes of the FCA rules. We shall confirm this classification in writing to you when we confirm the opening of your account. Communications We will communicate with you in English both verbally and written for the sending and reception of orders. To avoid any doubt instructions should be issued in writing. Scope of Service We are an independent firm. We will recommend investments based on a comprehensive and fair analysis of the market and provide advice to you on an independent basis. The advice is based on a broad analysis of the different types of financial instruments available. We will place no restrictions on the investments that we consider unless you instruct us otherwise. We provide access to Securities (Equities and Bonds) and Investment Funds (Unit Trusts and Open Ended Investment Companies) from a list of recognised investment markets and product providers. We also promote specific tax-advantaged ‘wrappers’ in which these funds can be held e. g. Individual Savings Accounts (ISAs) and Self Invested Personal Pensions (SIPPs) and offshore investment-linked life policies. Services to be provided The services we provide you with will be in accordance with one of the following categories, which will be agreed with you when opening your account and confirmed by your signing of the relevant client agreement. We offer two levels of service: Execution only Advisory All the services are designed to provide you with choices for your ongoing advice and service. At the time that you instruct your us to implement any of the recommendations then you will be asked to select the level of ongoing service you require. Execution only You will not receive advice or a recommendation from us. We operate an Execution Only service. If you are in any doubt regarding the suitability of an investment you should ask to be referred to an independent financial planner, who are authorised to provide investment advice. Transactions taken out on an execution only basis via Edale will be carried out without advice on their merit or suitability. When buying a contract under these terms, you will not benefit from some of the regulatory protection provided when authorised advice is given and you have no right to redress should the contract turn out to be unsuitable. To help guide our clients we provide web-based tools and issue product information, independent investment research, market commentary and example portfolios. In providing these we are not giving you personalised advice. It is important that you read the Product Provider’s Key Features Document carefully and we would particularly draw your attention to the section on Cancellation and Withdrawal Rights. Please note that as you are investing as an Execution Only client your cancellation and withdrawal rights may be affected. Advisory With an advisory service, we accept responsibility for advising you as to the merits of any particular investment based on the information supplied by you in the application form pertaining to your individual circumstances, requirements and objectives. We may provide you with investment advice on your request. Information supplied by you, via the application form should be updated as necessary before we give you advice on a particular transaction. If you do not inform us of any investment or types of investments, which you do not wish us to recommend or purchase for you, we may recommend to you any investments provided that we have reasonable grounds for believing that each investment product we do recommend is suitable and appropriate for you, in accordance with FCA rules. We will advise and make a recommendation for you however under this service we only offer products and services from our chosen product providers. Therefore this is defined as ‘restricted advice’ by the FCA. Edale does not handle clients’ money. We never handle cash or accept a cheque made out to us, unless the cheque is in settlement of charges or disbursements for which we have sent you an invoice. When we have arranged any investments or policies for which you have given us instructions we will not give you any further information unless specifically agreed. Advice and Instructions We prefer our clients to give us instructions in writing, to aid clarification and avoid future misunderstandings. We will, however, accept oral instructions provided they are confirmed in writing. We may, at our discretion, refuse to accept instructions although such discretion shall not be exercised unreasonably. We will record all transactions on our files which, along with copies of relevant documentation, will be retained by us for a period of not less than six years. You have a right to inspect copies of contract notes, vouchers and entries in our books or computerised records relating to your transactions. We reserve the right to withhold copies of these records if information to other parties would be disclosed. Best execution In transmitting investment applications on your behalf to third parties, we will take all reasonable steps to ensure that we obtain the best possible result for you. This is referred to as 'best execution'. A copy of our best execution policy is available on www. edale. co/terms. Paying for services Not all firms charge for services in the same way. We will discuss your payment options with you and answer any questions you have. We will not charge you anything until you have agreed how we are to be paid. We may charge an initial fee or an ad-hoc fee as permitted by the Product Provider or agreed directly with you. A Service Charge and or an Advisory Fee which is determined by the value of the funds on which the service is required. These fees are shown below: Service Charge: Upto 1. 00% per annum Service Charge calculated and paid quarterly using the value of the fund. Examples of the Standard Service Charge: Value of funds £20,000 the fee is £16. 66 per month / £200 per annum Advisory Charge: Upto 1. 00% per annum Advisory Fee calculated and paid quarterly using the value of the fund. Examples of the Standard Advisory Fee: Value of funds £20,000 the fee is £16. 66 per month / £200 per annum In addition to the Fees above you could have charges to pay from the Funds and/or product provider. Details on the charges will be shared with you along with the Client Agreement. Payment Options Paying via the product & product provider: The client agrees that the Firm can receive the Service Charge or Investment Advice Fee from the Product Provider for the full amount determined above. The amount payable will reduce or increase in line with the value of the investments. The client may be required to complete a provider instruction should the client wish to pay fees in this way. By agreeing to this method of paying the fee, you authorise the Product provider to sell units/shares from the fund and pay Edale to satisfy the Service Charge or Advisory Fee. Edale may, from time to time, receive fees from product providers for advertisements in the company brochure, bulletins, website or other material. The existence of an advertisement should not be taken as an endorsement of any particular product by Edale. At the point the firm receives written confirmation that the Client no longer requires the services of Edale, the Firm will ensure that the Service Charge ceases. The purpose of the Service Charge is intermediation whereby the Firm acts on behalf of the Client with the provider. This may include but is not limited to: provide web-based tools and issue product information, independent investment research, market commentary and example portfolios. Right to Cancel We will inform you of your statutory right to cancel. Complaints If you wish to register a complaint, please write to The Compliance Manager, Edale, 15 Bell Street, Reigate, RH2 7AD or telephone 0207 99 35 360. If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service. Compensation Scheme We are covered by the Financial Services Compensation Scheme (FSCS) if we cannot meet our obligations. This is dependent upon the type of business and the circumstances of the claim. Most types of investment business are covered up to a maximum limit of £50,000. For non-advised investment services an investor may not have access to FSCS, however, they would have access via the product provider, should the product provider default. Conflict of interests We will endeavour always to act in the best interests of you our client. However, circumstances can arise where we or one of our other clients may have some form of interest in business being transacted for you. If this happens or we become aware that our interests or those of one of our other clients conflict with your interests, we will write to you and obtain your consent before we carry out your instructions, and detail the steps we will take to ensure fair treatment. Data Protection The information you have provided is subject to the General Data Protection Regulation that replaces the Data Protection Act 1998 in the UK (the “Act”). By doing business with Edale you consent to us or any company associated with us for processing, both manually and by electronic means, your personal data for the purposes of providing administration and management. “Processing” includes obtaining, recording or holding information or data, transferring it to other companies associated with us, product providers, the Financial Conduct Authority or any other statutory, governmental or regulatory body for legitimate purposes including, where relevant, to solicitors and/or other debt collection agencies for debt collection purposes and carrying out operations on the information or data. We may also contact you or pass your details to other companies associated with us to contact you (including by telephone and email) with details of any other similar products, promotions, or for related marketing purposes in which we think you may be interested. If at any time you wish us or any company associated with us to cease processing your personal data or sensitive personal data, or contacting you for marketing purposes, please contact The Data Protection Officer on 0207 99 35 360 or in writing at 15 Bell Street, Reigate, RH2 7AD. You may be assured that we and any company associated with us will treat all personal data and sensitive personal data as confidential and will not process it other than for legitimate purposes. Steps will be taken to ensure that the information is accurate, kept up to date and not kept for longer than is necessary. Measures will also be taken to safeguard against unauthorised or unlawful processing and accidental loss or destruction or damage to the data. Subject to certain exceptions, you are entitled to have access to your personal and sensitive personal data held by us. You may be charged a fee (subject to the statutory maximum) for supplying you with such data. Consumer Duty Edale UK Management (Edale) has been an approachable and friendly financial advice firm since 2014. The high standards we expect from the companies we invest in is reflected in our own business and the manner in which we aim to do business with all of our stakeholders, from suppliers to distributors and consumers.   At Edale, we are fully committed to supporting the Financial Conduct Authority’s (FCA) regulatory agenda for retail customers which is to ensure firms have products and services that meet the needs of retail customers and offer fair value throughout the life cycle of the product. The introduction of the new Consumer Duty rules that come into force on 31 July 2023, replacing the existing FCA requirements to Treat Customers Fairly, clearly sets out the FCA’s higher expectations on the standards of care retail customers receive. As a financial adviser firm with a social mission, our objective is to deliver social impact in financial services for our customers. Consumer Duty is therefore aligned with our culture and strategy. Under the new Consumer Duty rules the FCA has replaced Principal 6 and 7 with Principal 12, which states firms must act to deliver good outcomes for retail customers. The FCA expects firms to act in good faith, avoid causing foreseeable harm and enable and support retail customers to pursue their financial objectives. These are known as the cross-cutting rules. Firms must embrace four consumer-focused outcomes which are: Products and Services Price and Value Consumer Understanding Consumer Support Cross... --- - Published: 2018-07-16 - Modified: 2018-07-19 - URL: https://edale.co/flexglobal-application/ CLIENT PERSONAL DETAILS Select Title (required) —Please choose an option—MrMrsMissMsOther Details: Family Name (required) Former Name (if applicable) First Name (required) Tax ID Date of Birth (required) Nationality (required) Residential Address (required) Country of residence (required) Post/area Code (required) Home phone (required) Mobile phone (required) Work Phone Occupation (required) Your personal E-mail (required) Employer BANK DETAILS Account Number (required) Sort Code (required) IBAN Number (required) SWIFT Code (required) Bank Name (required) Bank Address (required) Are the funds from your investment being remitted from a different bank account? (required) YesNo Account Number (required) Sort Code (required) IBAN Number (required) SWIFT Code (required) Bank Name (required) Bank Address (required) INVESTMENT SELECTION Could you make investments in multiple currencies? (required) YesNo Choose FlexGlobal plan currency (required) GBPUSDEUR Choose one of your currencies for the FlexGlobal plan (required) GBPUSDEUR Financial Adviser Service Fee (% per annum) (required) Establishment fee (%) (required) Choose kind of investments (required) Lump-sum investmentsMonthly contributionMixed investment (lump + contributions) Do you wish your contributions to FlexGlobal to be in a different currency from your plan currency ? (required) YesNo Choose the amounts and the currencies of the investment in Lump-Sum investments (required) "e. g 10,000 and EUR /GBP/USD. Separate each contribution with a comma. " Choose the amounts and the currencies of the investment in Monthly contribution (required) "e. g 10,000 and EUR /GBP/USD. Separate each contribution with a comma. " Choose the amount of the investment in Lump-Sum investments in your FlexGlobal currency (required) "e. g 10,000 and EUR /GBP/USD. Separate each contribution with a comma. " Choose the amount of the investment in Monthly contribution in your FlexGlobal currency (required) "e. g 10,000 and EUR /GBP/USD. Separate each contribution with a comma. " Based on your risk profile choose an investment strategy (required) IncomeBalancedGrowth Fund Manager Growth Adventurous Aberdeen Standard Investments MyFolio Mkt IV Lump Sum (%) GBP MyFolio Mkt IV Monthly contribution (%) GBP MyFolio Mgd IV Lump Sum (%) GBP MyFolio Mgd IV Monthly contribution (%) GBP Diversified Growth Lump Sum (%) GBP —Please choose an option—GBPEUR Diversified Monthly contribution (%) —Please choose an option—GBPEUR MyFolio Mkt V Lump Sum (%) GBP MyFolio Mkt V Monthly contribution (%) GBP MyFolio Mgd V Lump Sum (%) GBP MyFolio Mgd V Monthly contribution (%) GBP BlackRock Growth Lump Sum (%) —Please choose an option—GBPUSDEUR Growth Monthly contribution (%) —Please choose an option—GBPUSDEUR Canaccord Genuinity Affinity Lump Sum (%) —Please choose an option—GBPUSDEUR Affinity Monthly contribution (%) —Please choose an option—GBPUSDEUR Opportunity Lump Sum (%) —Please choose an option—GBPUSDEUR Opportunity Monthly contribution (%) —Please choose an option—GBPUSDEUR GAM Growth Lump Sum (%) —Please choose an option—GBPUSDEUR Growth Monthly contribution (%) —Please choose an option—GBPUSDEUR Dynamic Growth Lump Sum (%) —Please choose an option—GBPUSDEUR Dynamic Growth Monthly contribution (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Plus Lump Sum(%) —Please choose an option—GBPUSDEUR Plus Monthly contribution(%) —Please choose an option—GBPUSDEUR Fund Manager Cautious Moderate Growth Aberdeen Standard Investments MyFolio Mkt II Lump Sum (%) GBP MyFolio Mkt II Monthly contribution (%) GBP MyFolio Mgd II Lump Sum (%) GBP MyFolio Mgd II Monthly contribution (%) GBP MyFolio Mkt III Lump Sum (%) GBP MyFolio Mkt III Monthly contribution (%) GBP MyFolio Mgd III Lump Sum (%) GBP MyFolio Mgd III Monthly contribution (%) GBP MyFolio Mkt IV Lump Sum (%) GBP MyFolio Mkt Monthly contribution (%) MyFolio Mgd IV Lump Sum (%) GBP MyFolio Mgd IV Monthly contribution (%) GBP Diversified Lump Sum (%) —Please choose an option—GBPEUR Diversified Monthly contribution (%) —Please choose an option—GBPEUR BlackRock Moderate Lump Sum (%) —Please choose an option—GBPUSDEUR Moderate Monthly contribution (%) —Please choose an option—GBPUSDEUR Growth Lump Sum (%) —Please choose an option—GBPUSDEUR Growth Monthly contribution (%) —Please choose an option—GBPUSDEUR Canaccord Genuinity Diversity Lump Sum (%) —Please choose an option—GBPUSDEUR Diversity Monthly contribution (%) —Please choose an option—GBPUSDEUR Affinity Lump Sum (%) —Please choose an option—GBPUSDEUR Affinity Monthly contribution(%) —Please choose an option—GBPUSDEUR GAM Cautious Lump Sum (%) —Please choose an option—GBPUSDEUR Cautious Monthly contribution (%) —Please choose an option—GBPUSDEUR Balanced Lump Sum (%) —Please choose an option—GBPUSDEUR Balanced Monthly contribution (%) —Please choose an option—GBPUSDEUR Growth Lump Sum (%) —Please choose an option—GBPUSDEUR Growth Monthly contribution (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Conservative Lump Sum (%) —Please choose an option—GBPUSDEUR Conservative Monthly contribution (%) —Please choose an option—GBPUSDEUR Core Lump Sum (%) —Please choose an option—GBPUSDEUR Core Monthly contribution (%) —Please choose an option—GBPUSDEUR Plus Lump Sum (%) —Please choose an option—GBPUSDEUR Plus Monthly contribution (%) —Please choose an option—GBPUSDEUR Fund Manager Defensive Cautious Aberdeen Standard Investments MyFolio Mkt I Lump Sum (%) GBP MyFolio Mkt I Monthly contribution (%) GBP MyFolio Mgd I Lump Sum (%) MyFolio Mgd I Monthly contribution (%) GBP MyFolio Mkt II Lump Sum (%) GBP MyFolio Mkt II Monthly contribution (%) GBP MyFolio Mgd II Lump Sum (%) GBP MyFolio Mgd II Monthly contribution (%) GBP BlackRock Defensive Lump Sum (%) —Please choose an option—GBPUSDEUR Defensive Monthly contribution (%) —Please choose an option—GBPUSDEUR GAM Defensive Lump Sum (%) —Please choose an option—GBPUSDEUR Defensive Monthly contribution (%) —Please choose an option—GBPUSDEUR Cautious Lump Sum (%) —Please choose an option—GBPUSDEUR Cautious Monthly contribution (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Defensive Lump Sum (%) —Please choose an option—GBPUSDEUR Defensive Monthly contribution (%) —Please choose an option—GBPUSDEUR Conservative Lump Sum (%) —Please choose an option—GBPUSDEUR Conservative Monthly contribution (%) —Please choose an option—GBPUSDEUR Establishment fee (required) YesNo Particular requests to the operator Do you wish your contributions to FlexGlobal to be in a different currency from your plan currency ? (required) YesNo Choose the amounts and the currencies of the investment in Monthly contribution (required) "e. g 10,000 and EUR /GBP/USD. Separate each contribution with a comma. " Choose the amount of the investment in Monthly contribution in your FlexGlobal currency(required) "e. g 10,000 and EUR /GBP/USD. Separate each contribution with a comma. " Based on your risk profile choose an investment strategy(required) IncomeBalancedGrowth Fund Manager Growth Adventurous Aberdeen Standard Investments MyFolio Mkt IV (%) GBP MyFolio Mgd IV (%) GBP Diversified Growth (%) —Please choose an option—GBPEUR MyFolio Mkt V (%) GBP MyFolio Mgd V (%) GBP BlackRock Growth (%) —Please choose an option—GBPUSDEUR Canaccord Genuinity Affinity (%) —Please choose an option—GBPUSDEUR Opportunity (%) —Please choose an option—GBPUSDEUR GAM Growth (%) —Please choose an option—GBPUSDEUR Dynamic Growth (%) —Please choose an option—GBPUSDEUR Pacific Asset Management include_blank "GBP" "USD" "EUR"] Plus (%) —Please choose an option—GBPUSDEUR Fund Manager Cautious Moderate Growth Aberdeen Standard Investments MyFolio Mkt II (%) GBP MyFolio Mgd II (%) GBP MyFolio Mkt III (%) GBP MyFolio Mgd III (%) GBP MyFolio Mkt IV (%) GBP MyFolio Mgd IV (%) GBP Diversified Growth (%) —Please choose an option—GBPEUR BlackRock Moderate (%) —Please choose an option—GBPUSDEUR Growth (%) —Please choose an option—GBPUSDEUR Canaccord Genuinity Diversity (%) —Please choose an option—GBPUSDEUR Affinity (%) —Please choose an option—GBPUSDEUR GAM Cautious (%) —Please choose an option—GBPUSDEUR Balanced (%) —Please choose an option—GBPUSDEUR Growth (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Conservative (%) —Please choose an option—GBPUSDEUR Core (%) —Please choose an option—GBPUSDEUR Plus (%) —Please choose an option—GBPUSDEUR Fund Manager Defensive Cautious Aberdeen Standard Investments MyFolio Mkt I (%) GBP MyFolio Mgd I (%) GBP MyFolio Mkt II (%) GBP MyFolio Mgd II (%) GBP BlackRock Defensive (%) —Please choose an option—GBPUSDEUR GAM Defensive (%) —Please choose an option—GBPUSDEUR Cautious (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Defensive (%) —Please choose an option—GBPUSDEUR Conservative (%) —Please choose an option—GBPUSDEUR Establishment fee (required) YesNo Particular requests to the operator Do you wish your contributions to FlexGlobal to be in a different currency from your plan currency ? (required) YesNo Choose the amounts and the currencies of the investment in Lump-Sum investments (required) "e. g 10,000 and EUR /GBP/USD. Separate each contribution with a comma. " Choose the amount of the investment in Lump-Sum in your FlexGlobal currency(required) "e. g 10,000 and EUR /GBP/USD. Separate each contribution with a comma. " Based on your risk profile choose an investment strategy (required) IncomeBalancedGrowth Fund Manager Growth Adventurous Aberdeen Standard Investments MyFolio Mkt IV (%) GBP MyFolio Mgd IV (%) GBP Diversified Growth (%) —Please choose an option—GBPEUR MyFolio Mkt V (%) GBP MyFolio Mgd V (%) GBP BlackRock Growth (%) —Please choose an option—GBPUSDEUR Canaccord Genuinity Affinity (%) —Please choose an option—GBPUSDEUR Opportunity (%) —Please choose an option—GBPUSDEUR GAM Growth (%) —Please choose an option—GBPUSDEUR Dynamic Growth (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Plus (%) —Please choose an option—GBPUSDEUR Fund Manager Cautious Moderate Growth Aberdeen Standard Investments MyFolio Mkt II (%) GBP MyFolio Mgd II (%) GBP MyFolio Mkt III (%) GBP MyFolio Mgd III (%) GBP MyFolio Mkt IV (%) GBP MyFolio Mgd IV (%) GBP Diversified Growth (%) —Please choose an option—GBPEUR BlackRock Moderate (%) —Please choose an option—GBPUSDEUR Growth (%) —Please choose an option—GBPUSDEUR Canaccord Genuinity Diversity (%) —Please choose an option—GBPUSDEUR Affinity (%) —Please choose an option—GBPUSDEUR GAM Cautious (%) —Please choose an option—GBPUSDEUR Balanced (%) —Please choose an option—GBPUSDEUR Growth (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Conservative (%) Core (%) —Please choose an option—GBPUSDEUR Plus (%) —Please choose an option—GBPUSDEUR Fund Manager Defensive Cautious Aberdeen Standard Investments MyFolio Mkt I (%) GBP MyFolio Mgd I (%) GBP MyFolio Mkt II (%) GBP MyFolio Mgd II (%) GBP BlackRock Defensive (%) —Please choose an option—GBPUSDEUR GAM Defensive (%) —Please choose an option—GBPUSDEUR Cautious (%) —Please choose an option—GBPUSDEUR Pacific Asset Management Defensive (%) —Please choose an option—GBPUSDEUR Conservative (%) —Please choose an option—GBPUSDEUR Particular requests to the operator Indicate the source of the funds being subscribed to FlexGlobal? (required) Accumulated earnings from employment Details Proceeds of an existing investment Details Proceeds of the sale of property Details Compensation payment Details Other Details JERSEY WILL AND TESTAMENT: Full Name of the Applicant Full Name of the 1st Witness in CAPITALS Address of the 1st Witness Occupation of the 1st Witness Full Name of the 2nd Witness in CAPITALS Address of the 2nd Witness Occupation of the 2nd Witness BENEFICIARY DETAILS: Indicate the number of individuals that you would like to benefit form your FlexGlboal Assets in the event of your demise? (required) —Please choose an option—123456 1ST BENEFICIARY Full Name of the 1st Beneficiary Address of the 1st Beneficary personal E-mail of the 1st beneficiary Kind of relationship % Allocation 1ST BENEFICIARY Full Name of the 1st Beneficiary Address of the 1st Beneficary personal E-mail of the 1st beneficiary Kind of relationship % Allocation 2ND BENEFICIARY Full Name of the 2nd Beneficiary Address of the 2nd Beneficary personal E-mail of the 2nd beneficiary Kind of relationship % Allocation 1ST BENEFICIARY Full Name of the 1st Beneficiary Address of the 1st Beneficary personal E-mail of the 1st beneficiary Kind of relationship % Allocation 2ND BENEFICIARY Full Name of the 2nd Beneficiary Address of the 2nd Beneficary personal E-mail of the 2nd beneficiary Kind of relationship % Allocation 3RD BENEFICIARY Full Name of the 3rd Beneficiary Address of the 3rd Beneficary personal E-mail of the 3rd beneficiary Kind of relationship % Allocation 1ST BENEFICIARY Full Name of the 1st Beneficiary Address of the 1st Beneficary personal E-mail of the 1st beneficiary Kind of relationship % Allocation 2ND BENEFICIARY Full Name of the 2nd Beneficiary Address of the 2nd Beneficary personal E-mail of the 2nd beneficiary Kind of relationship % Allocation 3RD BENEFICIARY Full Name of the 3rd Beneficiary Address of the 3rd Beneficary personal E-mail of the 3rd beneficiary Kind of relationship % Allocation 4TH BENEFICIARY Full Name of the 4th Beneficiary Address of the 4th Beneficary personal E-mail of the 4th beneficiary Kind of relationship % Allocation 1ST BENEFICIARY Full Name of the 1st Beneficiary Address of the 1st Beneficary personal E-mail of the 1st beneficiary Kind of relationship % Allocation 2ND BENEFICIARY Full Name of the 2nd Beneficiary Address of the 2nd Beneficary personal E-mail of the 2nd beneficiary Kind of relationship % Allocation 3RD BENEFICIARY Full Name of the 3rd Beneficiary Address of the 3rd Beneficary personal E-mail of the 3rd beneficiary Kind of relationship % Allocation 4TH BENEFICIARY Full Name of the 4th Beneficiary Address of the 4th Beneficary personal E-mail of the 4th beneficiary Kind of relationship % Allocation 5TH BENEFICIARY Full Name of the 5th Beneficiary Address of the 5th Beneficary personal E-mail of the 5th beneficiary Kind of relationship % Allocation 1ST BENEFICIARY Full Name of the 1st Beneficiary Address of the 1st Beneficary personal E-mail of the 1st beneficiary Kind of relationship % Allocation 2ND BENEFICIARY Full Name of the 2nd Beneficiary Address of the 2nd Beneficary personal E-mail of the 2nd beneficiary Kind of relationship % Allocation 3RD BENEFICIARY Full Name of the 3rd Beneficiary Address of the 3rd Beneficary personal E-mail of the 3rd beneficiary Kind of relationship % Allocation 4TH BENEFICIARY Full Name of the 4th Beneficiary Address of the 4th Beneficary personal E-mail of the 4th beneficiary Kind of relationship % Allocation 5TH BENEFICIARY Full Name of the 5th Beneficiary Address of the 5th Beneficary personal E-mail of the 5th beneficiary Kind of relationship % Allocation 6TH BENEFICIARY Full Name of the 6th Beneficiary Address of the 6th Beneficary personal E-mail of the 6th beneficiary Kind of relationship % Allocation CLIENT'S DECLARATION: Further information Date GG MM YY FINANCIAL ADVISER'S DECLARATION: Name Company Name Company Address E-mail Company Mobile Number Date GG MM YY --- > If you have lost contact with your expat advisor or just looking for a change, contact us and use an cross border advisor to stay on track. - Published: 2018-07-16 - Modified: 2025-03-17 - URL: https://edale.co/transfer-international-savings-plan/ Finding a new expat adviser Circumstances change. If you have changed location, can’t contact your advisor or feel its time for a change, there is a qualified team with Edale to support uou. Having lived as expats and business owners we wont disappear. If you have an existing investment or savings plan, QROPS or SIPP, from such financial services organisations as Utmost, RL360, Friends Provident, Generali, Capital, Ipensions or Momentum Pensions, which is not being pro-actively managed, achieved a below ideal levels of performance or your circumstances can’t be handled. Its good to get a fresh perspective. Perhaps your adviser has moved on, and you have, as a consequence, lost contact with them. No Adviser. Poor adviser. Changing Adviser. Policy not performing. Need a review. Circumstances changed. Edale can assist A wealth boutique focusing on investments Edale is a wealth boutique focusing on investments and investment-related services for investment firms, entrepreneurs, business leaders and builders as well as private clients. We focus on monitoring, managing & caring for financial assets. A Top Professional Financial Advisory ServiceEdale have and are continuing to provide Financial advice and services to me in my early retirement years, I was recommended to use Edale and Lawrie, to this day I am truly thankful that this took place. The very high professional and friendly service provided with immediate contact and liaise capability, provides the investor with assurances and confidence, this I always receive with Edale. My Portfolio and Market information is completley assured and the regular reviews allow for any changes to be instigated. Edale is ... truly professional, meticulous and supportive to their word, very much appreciated indeed. TrevorBringing clarity to UK/US retirement questionsI had an incredibly positive experience working with Edale to navigate the complex world of UK/US cross-border financial planning, especially as it relates to investing for retirement. As a dual UK/US citizen married to a fellow dual citizen, and having lived in the UK since 2010, I was overwhelmed with how to most tax-efficiently invest for retirement given our mix of accounts in both the US (IRAs and Roth IRAs) and the UK (SIPP, employer pension, and USS). Thankfully, Edale provided clarity and guidance on every front. Jesse100% Recommend Edale! Lawrie and Edale have been incredibly thorough and supportive throughout the journey – from the moment I’ve consulted about my unique circumstances with regards to investment options (being a dual US citizen living in the UK) to onboarding me as a client to invest through them. I am so happy and relieved hat I’ve finally found a solution to a problem I’ve had for years, and so grateful for Lawrie being so thorough with the whole process – all the information was made easy to digest and understand, and I could (and still can) reach out to Lawrie whenever I... Read more “100% Recommend Edale! ”Ninadual US/UK nationality familyLawrie invested a great deal of time understanding our circumstances (dual US/UK nationality family) before any recommendations were discussed I am very happy with the outcome and intend to continue the relationship in the longer term. GavinVery professional, easy to work with, could not ask for a better partnership when investing hard earned money. Lawrie my financial advisor is very professional and meticulous in every aspect of finance, nothing is too much trouble for him or Edale. Lawrie explained everything item step by step during the transfer of my investment. I will in the near future transfer my other investment with Lawrie and Edale. First class service many thanks. GaryMost helpful Knowledge and guidance offered through generosity and sincerity. Deeply appreciated blue ribbon customer service. I’m currently going through a divorce and was in desperate need of financial help and guidance. I’m a US American living in the UK. I was searching for someone who knows, and could give financial advice for both sides of the pond; so to speak. I also was wanting a small and personal, yet local group in Surrey. Laurie offered his time, pro bono, to help walk me through and do all the necessary math to get the information I was needing. He did this knowing I had no money to invest (or even give advice on) at that time... . Read more “Most helpful Knowledge and guidance offered through generosity and sincerity. Deeply appreciated blue ribbon customer service. ”StacyThank youThank you very much Lawrie for your effective diligence! MichaelGreat Service from Edale! DarrenVery efficient and informative. Very efficient and informative. Lawrie was a consumate professional and helped with my individual needs. Would definitely recommend! DannyExcellent! Great advisor. Lawrie is a great advisor, he has shown us clearly and simply how financial instruments work and what options we have. He has dedicated all the necessary time and has been proactive. JonathanQuick and effectiveI highly recommend Lawrie at Edale for quick and effective investment support. When I wanted to set up a Junior ISA for my daughter, who holds dual US and UK citizenship, Lawrie provided clear guidance on the available options. He handled the entire process with impressive efficiency, setting up the account in no time. His expertise made the experience seamless and stress-free. WillFirst class serviceHave only been with Edale for a short while but so far they have been very attentive and demonstrated a clear understanding of my financial planning requirements. Very impressed. PaulVery helpful, personalised advice based on my specific situation. highly recommended! ! so helpful & provided quick, personalised advice very smoothly through WhatsApp. very highly recommended! KateDiligent and responsive! I was visited by Lawrie Chandler in São Paulo, and shortly after I asked for his assistance with regards to a divestment. He guided me through the process and assisted even after I realized that there was some problems with my request. His diligent and responsive handling helped me sort out the situation and made me feel comfortable along the process. PeterWell worth knowing. I have known Lawrie for two years and have found him to be confident, honest, diligent and knowledgeable and a pleasure to work with. TimothyAmazingly helpfulLawrie was so helpful and patient, going through form with me to make sure I understood what I needed to fill in for a complicated matter. KatiePrompt and helpfulEDALE was very prompt in contacting me and quickly arranged a first appointment. I was on a short deadline and they helped me achieve my objective in time. Lawrie was very helpful and conscientious and delivered exactly what he promised. JudeExpert advice! I’m teaching overseas and Lawrie gave me great advice on insurances and investments, thank you for all your help. LauraI had a long conversation with Lawrie Chandler to explore the financial implications of moving my tax residency from the US to the UK. I found his knowledge of the pros and cons very helpful. Some specialists in international relocation and tax affairs who will give only a short interview and are sparing in their advice until you sign up and pay their fees. From my experience, Edale let’s you explore the many what-ifs in a friendly exchange of views and options. My instinct tells me that the company focuses on long-term relationships built on trust and mutually beneficial results. MarkMy complications ended when I came across EdaleI worked in Australia for 2 years under the 456 visa. After I left Australia in 2012. I was looking for a way to recover the funds that my former employer debited from my salary to place it in the Australia Superannuation. For almost 5 years I was looking for advice to recover my funds that were in the sunsuper Australian Superannuation. Many times I got myself with many buracratic obstacles, especially trying to recover the funds from abroad. The process to recover the funds through the web page of the Australian tax office and the sunsuper website is very... Read more “My complications ended when I came across Edale”JoseVery knowledgeable, great experience with EdaleI had a chat with Lawrie today. Very lovely to chat to and clearly knows his stuff. He gave me some good advice and I really appreciated it. Would definitely recommend him and Edale in the future. AdamVery happy with the advice i received. My advice came from Lawrie Chandler who i found very helpful, friendly & easy to deal with, whilst remaining professional. Living overseas it was tricky to get advice & not being a financial person made it difficult to understand all the implications. Lawrie was patient during explanations & a pleasure to deal with. I would highly recommend Lawrie & Edale. Julie. JulieIncredibly valuable free consultation, evaluated our options, suggested new ideas. My wife and I had a free consultation with Lawrie from Edale this morning. We have a difficult decision to make of how to use the substantial inheritance money that needed both US and UK expertise. We are deciding between buying to let properties in the USA and repaying our mortgage and investing in the UK. Lawrie gave us a comprehensive analysis of the pros and cons of both strategies. He also brought our awareness to maximising our pension capabilities and offsetting our UK mortgage while we are waiting for the rest of the funds from the USA to become... Read more “Incredibly valuable free consultation, evaluated our options, suggested new ideas. ”AlexanderEverything I needed! I found Edale online as I had discovered how difficult it was to find a financial advisor able to advise me because of my USA citizenship. Lawrie was just the ticket – a straight talking, forward thinking Financial Advisor with a depth of understanding around the tax implications of various investment vehicles as it related to expat Americans. His solutions were inventive and right away I made a huge financial win that would have otherwise passed me by! I highly recommend! KellyExcellent Service Highly RecommendLawrie was absolutely fantastic with helping me manage my SAYE transfer with very little hassle or worry. There are a lot of companies out there who only focus on high net worth individuals or charge an arm and a leg to help regular people, but Edale is not one of them. This company is committed to helping regular folk build wealth at a reasonable price and I’m thankful for that. PreciousVery good and most helpfulExcellent helpM Dunbar How do I switch expat financial advisor to another? Switching advisers is pretty simple and straightforward: Sign an agreement with the new firm, and notify your old advisor. Switching financial advisers may seem daunting to an expat, but its often a necessary step to ensure your financial planning aligns with your unique circumstances and international lifestyle, as your current adviser may fall short in the services they can offer and their knowledge and qualifications. A friendly adviser is not the benchmark of competency. As an expat, your financial needs are often complex and varied, demanding attention. Local taxation laws, fluctuating exchange rates, and diverse investment options all play a critical role in shaping your financial landscape. If your current adviser lacks the expertise to navigate these expat-specific challenges, it could lead to suboptimal financial decisions. Therefore, switching to an adviser with proven experience in dealing with expatriate clients can ensure that your financial strategies remain effective and compliant with international regulations. Transitioning to a new financial adviser provides the opportunity to rectify past financial missteps and capitalise on new financial prospects. A new adviser can introduce innovative investment strategies and offer insights into local markets, which your previous adviser might have overlooked. You can maximise your investment growth and secure your financial future by conducting thorough research and selecting an adviser who understands the nuances of your expat status. Switching financial advisers as an expat is strategic, allowing you to address unique financial challenges and take advantage of new opportunities. By doing so, you can better secure and grow your wealth in a global context.     On track to your goal? Lots of clients investing in expat or international saving's plan want to ensure they are heading towards their financial goal. 200 Circumstances change and maybe you've not heard from your adviser since starting the policy. Are you holding the correct investments in your portfolio? Edale is a globally aware investment boutique. We can now help private client's to get more from their existing plans by providing long-term management and effective maintenance of your savings plan. Lots of controversy surrounds insurance savings plans from Generali, RL360, Hansard, Friends Provident International, Old Mutual (Royal Skandia) and others. These issues frequently start where a plan was not fully explained. A 20-year saving's plan requires commitment close to these length and also maintaining the minimum contribution agreed at outset. Reading a valuation a short way into the investment period or stopping contributions ( where charges are linked to the initial premium ) can have a detrimental impact on the exit value. We can help you understand these products and ways to improve the outcome. If your regular savings plan is not growing to the scale you expect or longterm commitment needs to change due to your circumstances we can help. Edale's Embrace strategy aims help clients improve the outcome where they have a regular or lump sum unit linked savings plan.   One click to contact us for a no obligation chat Supporting your plan Edale are happy to take over management of your plan. There is no transfer costs to switch to us. What we will do Make things easy to understand Be available for when you need us Diversify your investments Frequent reviews What we won't do Disappear with no trace Leave you confused or unclear Use exotic investments Not listen to you Plans we can service We can support regular and lump sum savings plans servicing you and updating on progress. Additionally we can invest you in to a suitable investment strategy matched to your risk profile. Regular savings Model portfolios and risk-profiling Linking you to a model portfolios built from the limited range of funds in the wrapper Income Cautious Growth Lump sum Investment advisory Investment selection and advice from across a wide investment universe Bespoke Income Cautious Growth Accolades Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Logged in as Lawrie Chandler. Log out? Please wait... --- - Published: 2018-07-12 - Modified: 2020-09-25 - URL: https://edale.co/generali-switching/ Edale can assist to maximise the long-term value from your policy. Let us become your adviser to service you to help the policy achieve its original aims towards maturity. This form generates a letter of appointment, which you receive a copy and we share with the Utmost Worldwide team to service your policy. No fees are incurred to your appointing us. It helps us to see your policy history and activity. Your Name (required) Your Email (required) jQuery(function ($) { var now = new Date; var day = ("0" + now. getDate). slice(-2); var month = ("0" + (now. getMonth + 1)). slice(-2); var today = now. getFullYear+"-"+(month)+"-"+(day); $('#datePicker'). val(today); $("#datePicker"). attr("min", today); }); Today's Date Policy Number (required). Where multiple policies separate with a space or comma. Number of policyholders to sign form 12More Signature of policyholder named above Name of Policyholder 2 (required) Signature of policyholder 2 We shall provide a template letter for you to sign for multiple signatures. Submit this form and we shall be in touch. You agreed to appoint Edale UK Management as servicing broker to allow us to perform reviews and servicing of your policy. Please leave this field empty. --- - Published: 2018-07-10 - Modified: 2018-07-10 - URL: https://edale.co/awards/ Best International Practice in Asset Management/Life Products/Bonds International Fund & Product Awards 2017 Best Best-Practice in Offshore International Fund & Product Awards 2017 Finalist best new entrant Sustainable Investment Awards 2016 Best International Practice International Fund & Product Awards 2016 Best Asset Management House in Europe International Takaful Awards 2015 Best fund of funds MENA Fund Manager Awards 2015 Corporate Social Responsibility Investment Marketing and Innovation Awards 2015 --- - Published: 2018-07-06 - Modified: 2025-01-30 - URL: https://edale.co/rate-us/ We are keen to gather review of work we undertake for clients. Feedback here is part of our tracking our social mission, which is to help people to be more in tune with their finances and investments. You can read more on our social mission by clicking this text. These views may be published, so we only ask for your first name only. Thanks for your feedback. Required First NameWhat is your first name? Short ReviewYour brief comments on edaleStar ratingrating fieldsTestimonialWhat do you think about us? $( window ). on( "load", function { function getParameterByName( name,href ) { name = name. replace(//,"\\\]/,"\\\]"); var regexS = ""+name+"=(*)"; var regex = new RegExp( regexS ); var results = regex. exec( href ); if( results == null ) return ""; else return decodeURIComponent(results. replace(/\+/g, " ")); } var url = window. location. href; $('#star_rating-star5'). val(getParameterByName("5", url)); }); Some previous reviews Prompt and helpfulEDALE was very prompt in contacting me and quickly arranged a first appointment. I was on a short deadline and they helped me achieve my objective in time. Lawrie was very helpful and conscientious and delivered exactly what he promised. JudeFantastic Service – Thanks so muchSignposting advice on main considerations as an US expat in the UK. JoshIncredibly helpful and informative. My wife and I had the pleasure of speaking with Lawrie at Edale about the complexities of moving our finances from the US to the UK. We were made to feel like no question was too big or too small, and Lawrie took the time to respond to each of these individually with great insight and guidance. We’d like to thank Edale and Lawrie for their helpful, informative and friendly service. RoryExcellent, knowledgeable, professional serviceLawrie has been excellent to work with, after searching for quite some time to find a company that does not require minimums to get started. He is responsive and thorough, and wants his clients to understand the process. They have all the services I need and I feel confident in my financial future. Would definitely recommend. AbigailStraightforward and efficientExcellent call with Lawrie who gave me frank and straightforward advice which was valuable. Much appreciated. TobyA highly professional and responsive service delivered under extremely tight timescalesWe commissioned Edale to undertake some financial due diligence for a prospective investment that the LEP was considering. The service that Lawrie and the team provided was first rate and very thorough, especially given the extremely tight timescales we were working to. Lawrie communicated with us all the way and offered really useful advice that enabled us to get the best result. I would recommend Edale to other public bodies looking to appoint consultants to undertake financial due diligence work. JohnMost helpful Knowledge and guidance offered through generosity and sincerity. Deeply appreciated blue ribbon customer service. I’m currently going through a divorce and was in desperate need of financial help and guidance. I’m a US American living in the UK. I was searching for someone who knows, and could give financial advice for both sides of the pond; so to speak. I also was wanting a small and personal, yet local group in Surrey. Laurie offered his time, pro bono, to help walk me through and do all the necessary math to get the information I was needing. He did this knowing I had no money to invest (or even give advice on) at that time... . I’m currently going through a divorce and was in desperate need of financial help and guidance. I’m a US American living in the UK. I was searching for someone who knows, and could give financial advice for both sides of the pond; so to speak. I also was wanting a small and personal, yet local group in Surrey. Laurie offered his time, pro bono, to help walk me through and do all the necessary math to get the information I was needing. He did this knowing I had no money to invest (or even give advice on) at that time. This is customer service at its very best. I think I almost cried when he said he could help me with that free of charge! Read more “Most helpful Knowledge and guidance offered through generosity and sincerity. Deeply appreciated blue ribbon customer service. ”StacyAmazingly helpfulLawrie was so helpful and patient, going through form with me to make sure I understood what I needed to fill in for a complicated matter. KatieIncredibly valuable free consultation, evaluated our options, suggested new ideas. My wife and I had a free consultation with Lawrie from Edale this morning. We have a difficult decision to make of how to use the substantial inheritance money that needed both US and UK expertise. We are deciding between buying to let properties in the USA and repaying our mortgage and investing in the UK. Lawrie gave us a comprehensive analysis of the pros and cons of both strategies. He also brought our awareness to maximising our pension capabilities and offsetting our UK mortgage while we are waiting for the rest of the funds from the USA to become... My wife and I had a free consultation with Lawrie from Edale this morning. We have a difficult decision to make of how to use the substantial inheritance money that needed both US and UK expertise. We are deciding between buying to let properties in the USA and repaying our mortgage and investing in the UK. Lawrie gave us a comprehensive analysis of the pros and cons of both strategies. He also brought our awareness to maximising our pension capabilities and offsetting our UK mortgage while we are waiting for the rest of the funds from the USA to become available. Everything he explained was in simple language and very clear. The consultation has given us a huge amount of pure value without trying to sell us any products. We are very grateful, thank you so much. Read more “Incredibly valuable free consultation, evaluated our options, suggested new ideas. ”Alexander --- - Published: 2018-06-12 - Modified: 2018-06-12 - URL: https://edale.co/website-terms-and-conditions/ Coming soon. --- - Published: 2018-02-12 - Modified: 2018-02-12 - URL: https://edale.co/wealth-advice/investment-services/ Helping everyone Our service offering supports a wide range of clients Individuals Institutions Group Schemes Investment services we can provide What are the different services? Advisory trading Freedom over the composition of your portfolio and actively trade with professional guidance. Client retains control over the portfolio. For experienced investors and market knowledge. Non-managed advice For clients wanting an input into creating their portfolio . We suggest ideas that keep clients’ investment needs in line with market and risk profile Execution Only Buy and sell shares based on only client instructions, no advice or management. Access to online valuations and many securities. --- - Published: 2018-02-01 - Modified: 2018-06-14 - URL: https://edale.co/1067-2/ A wealth boutique focusing on investments and investment-related services Services Wealth Management Financial guidance for expatriate and international workers Lessons At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum Products At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum "You only live once, lick the bowl" Categories Latest Recipes Cashflow Planner for maggie589@icloud. com Trusted Person for maggie589@icloud. com Cashflow Planner for Robert Askew Trusted Person for Robert Askew Cashflow Planner for PENELOPE_SCUDAMORE Trusted Person for PENELOPE_SCUDAMORE Cashflow Planner for Jencampbell12 Trusted Person for Jencampbell12 US Pensions and brokerage account need for a real address not a false one Cashflow Planner for JWARD59 --- > Where our clients are located and Edale client ratings + testimonials - Published: 2016-03-18 - Modified: 2025-05-14 - URL: https://edale.co/about-us/our-clients-dual-citizens-expats-locals/ Edale works internationally. We appreciate the benefit of face-to-face time and, therefore, look to meet clients regularly. At Edale UK Management, we want your wealth to work as effectively for you as possible. Whether you are a individual or family, a dual national, expatriate in the UK or British citizen working overseas, navigating the modern financial life has unique challenges. Additionally we support people in the UK as much as those who live overseas. We offer you personalised financial advice and investment solutions adapted to your specific requirements. No one is put into a box. We want you to feel empowered and secure in your financial life at home and abroad. Our approach allows you to choose when and how you want to work with us, whether that’s through convenient online meetings or face-to-face contact. Your hopes, your ambitions, are what drives us. We have a focus on making a difference. We work extended office hours to help our customers and make a social impact on financial topics and welfare. Every individual has unique needs and challenges, so we tailor our services to suit your specific circumstances. Dual Nationals: Supporting individuals with complex financial needs who hold citizenship in multiple countries, ensuring seamless management of their cross-border finances. This includes American Dual Citizen in the UK with US/UK residency and green cards. Expatriates: Offering expert advice to those living abroad, helping you manage your investments, pensions, and tax obligations in a way that aligns with your long-term goals. Covering offshore investments, QROPS, International SIPPS and more. British Citizens Across the UK: We offer personalized financial planning and investment strategies for those living in the UK, helping you build and protect your wealth. This starts with young professionals, executives, and people developing their careers. Individuals, and their trusted persons, who need help managing their financial affairs. Working with appointeeship, deputyship, power of attorney, and vulnerable individuals. Retirees: Assisting retirees with pension planning, income management, and investment strategies to ensure a secure and comfortable retirement. High-Net-Worth Individuals: Delivering tailored wealth management services, including tax planning, estate management, and bespoke investment strategies. Professionals and Business Owners: Financial advice to help you manage your business finances, plan for the future, and optimise your personal wealth and company assets. Edale founder, Lawrie Chandler, has spent a decade advising on US/UK cross-border investing and worked with expatriates since 2000. Edale began after Lawrie left a private bank in London and began offering retail clients institutional services. He’s a fully qualified Independent Financial Adviser who works closely with a variety of professionals who can tailor the investments to suit expat investors and locals in the UK. 10 years of visiting customers 500,900 miles 132 cities 30 countries What our customers thinkAverage customer rating Private client financial advice testimonials  Very knowledgeable, great experience with EdaleI had a chat with Lawrie today. Very lovely to chat to and clearly knows his stuff. He gave me... I had a chat with Lawrie today. Very lovely to chat to and clearly knows his stuff. He gave me some good advice and I really appreciated it. Would definitely recommend him and Edale in the future. Read more “Very knowledgeable, great experience with Edale”AdamMy complications ended when I came across EdaleI worked in Australia for 2 years under the 456 visa. After I left Australia in 2012. I was looking... I worked in Australia for 2 years under the 456 visa. After I left Australia in 2012. I was looking for a way to recover the funds that my former employer debited from my salary to place it in the Australia Superannuation. For almost 5 years I was looking for advice to recover my funds that were in the sunsuper Australian Superannuation. Many times I got myself with many buracratic obstacles, especially trying to recover the funds from abroad. The process to recover the funds through the web page of the Australian tax office and the sunsuper website is very cumbersome and discouraging. My complications ended when I came across with Edale. Under the advice of Edale I was able to recover the funds and deposit them in the bank account of my preference. Edale completed the due diligence in an effective and fast way, helping me to receive the funds in a short time. Read more “My complications ended when I came across Edale”JoseThank youThank you very much Lawrie for your effective diligence! MichaelQuick and effectiveI highly recommend Lawrie at Edale for quick and effective investment support. When I wanted to set up a Junior... I highly recommend Lawrie at Edale for quick and effective investment support. When I wanted to set up a Junior ISA for my daughter, who holds dual US and UK citizenship, Lawrie provided clear guidance on the available options. He handled the entire process with impressive efficiency, setting up the account in no time. His expertise made the experience seamless and stress-free. Read more “Quick and effective”WillMost helpful Knowledge and guidance offered through generosity and sincerity. Deeply appreciated blue ribbon customer service. I’m currently going through a divorce and was in desperate need of financial help and guidance. I’m a US American... I’m currently going through a divorce and was in desperate need of financial help and guidance. I’m a US American living in the UK. I was searching for someone who knows, and could give financial advice for both sides of the pond; so to speak. I also was wanting a small and personal, yet local group in Surrey. Laurie offered his time, pro bono, to help walk me through and do all the necessary math to get the information I was needing. He did this knowing I had no money to invest (or even give advice on) at that time. This is customer service at its very best. I think I almost cried when he said he could help me with that free of charge! Read more “Most helpful Knowledge and guidance offered through generosity and sincerity. Deeply appreciated blue ribbon customer service. ”StacyAmazingly helpfulLawrie was so helpful and patient, going through form with me to make sure I understood... Lawrie was so helpful and patient, going through form with me to make sure I understood what I needed to fill in for a complicated matter. Read more “Amazingly helpful”KatieExcellent! Great advisor. Lawrie is a great advisor, he has shown us clearly and simply how financial instruments work and what options we... Lawrie is a great advisor, he has shown us clearly and simply how financial instruments work and what options we have. He has dedicated all the necessary time and has been proactive. Read more “Excellent! Great advisor. ”JonathanFirst class serviceHave only been with Edale for a short while but so far they have been very attentive and demonstrated a... Have only been with Edale for a short while but so far they have been very attentive and demonstrated a clear understanding of my financial planning requirements. Very impressed. Read more “First class service”PaulExpert advice! I’m teaching overseas and Lawrie gave me great advice on insurances and investments, thank you for all your help. Laura US/ UK Financial Advice client testimonials  We’ll be backI had an excellent experience with Lawrie, who demonstrated a deep understanding of the complexities involved with our dual UK/US... I had an excellent experience with Lawrie, who demonstrated a deep understanding of the complexities involved with our dual UK/US citizenship. In just a brief meeting, he provided specific advice and tailored recommendations that addressed our unique financial situation. His expertise and clear communication were incredibly helpful. Highly recommended! Read more “We’ll be back”DominicPrompt and helpfulEDALE was very prompt in contacting me and quickly arranged a first appointment. I was on a short deadline and... EDALE was very prompt in contacting me and quickly arranged a first appointment. I was on a short deadline and they helped me achieve my objective in time. Lawrie was very helpful and conscientious and delivered exactly what he promised. Read more “Prompt and helpful”Judedual US/UK nationality familyLawrie invested a great deal of time understanding our circumstances (dual US/UK nationality family) before any recommendations were discussed I... Lawrie invested a great deal of time understanding our circumstances (dual US/UK nationality family) before any recommendations were discussed I am very happy with the outcome and intend to continue the relationship in the longer term. Read more “dual US/UK nationality family”GavinBringing clarity to UK/US retirement questionsI had an incredibly positive experience working with Edale to navigate the complex world of UK/US cross-border financial planning, especially... I had an incredibly positive experience working with Edale to navigate the complex world of UK/US cross-border financial planning, especially as it relates to investing for retirement. As a dual UK/US citizen married to a fellow dual citizen, and having lived in the UK since 2010, I was overwhelmed with how to most tax-efficiently invest for retirement given our mix of accounts in both the US (IRAs and Roth IRAs) and the UK (SIPP, employer pension, and USS). Thankfully, Edale provided clarity and guidance on every front. Read more “Bringing clarity to UK/US retirement questions”JesseVery polite and friendly and helpful! Our situation is a little complex, and although Lawrie couldn’t help directly they recommended a couple of other companies for... Our situation is a little complex, and although Lawrie couldn’t help directly they recommended a couple of other companies for us to contact. Many thanks! Read more “Very polite and friendly and helpful! ”LisaGreat service and advice. Lawrie was really helpful. Very easy to talk to. Possessed a depth of knowledge. Made sure he answered all my... Lawrie was really helpful. Very easy to talk to. Possessed a depth of knowledge. Made sure he answered all my questions. I highly recommend Edale and Lawrie in particular. Read more “Great service and advice. ”ClaireI had a long conversation with Lawrie Chandler to explore the financial implications of moving my tax residency from the US to the UK. I found his knowledge of the pros and cons very helpful. Some specialists in international relocation and tax affairs who will give only a short interview and are sparing in their... Some specialists in international relocation and tax affairs who will give only a short interview and are sparing in their advice until you sign up and pay their fees. From my experience, Edale let’s you explore the many what-ifs in a friendly exchange of views and options. My instinct tells me that the company focuses on long-term relationships built on trust and mutually beneficial results. Read more “I had a long conversation with Lawrie Chandler to explore the financial implications of moving my tax residency from the US to the UK. I found his knowledge of the pros and cons very helpful. ”MarkGenuine Concern EasedI had a call with Lawrie to discuss my retirement funding and challenges being a dual UK US citizen. His... I had a call with Lawrie to discuss my retirement funding and challenges being a dual UK US citizen. His insight was keen, knowledgeable and helpful. We decided it was a bit early for me so I’ll be calling him closer to my retirement date in 2027. I felt no pressure and he was genuine in his advice. Read more “Genuine Concern Eased”GreggIncredibly valuable free consultation, evaluated our options, suggested new ideas. My wife and I had a free consultation with Lawrie from Edale this morning. We have a difficult decision to... My wife and I had a free consultation with Lawrie from Edale this morning. We have a difficult decision to make of how to use the substantial inheritance money that needed both US and UK expertise. We are deciding between buying to let properties in the USA and repaying our mortgage and investing in the UK. Lawrie gave us a comprehensive analysis of the pros and cons of both strategies. He also brought our awareness to maximising our pension capabilities and offsetting our UK mortgage while we are waiting for the rest of the funds from the USA to become available. Everything he explained was in simple language and very clear. The consultation has given us a huge amount of pure value without trying to sell us any products. We are very grateful, thank you so much. Read more “Incredibly valuable free consultation, evaluated our options, suggested new ideas. ”Alexander Business advisory and work testimonials  Edale Consulting’s knowledge, expertise and professionalism make them an outstanding partner for any organisation looking to explore future skills and workforce development for sustainability. Edale Consulting provided a fantastic and professional service in producing the Net Zero Future Skills report for Coventry University. The... Edale Consulting provided a fantastic and professional service in producing the Net Zero Future Skills report for Coventry University. The brief—researching future workforce skills needed on the journey to net zero—was well within their field of expertise, and they delivered high-quality results within a tight timeframe. Lawrie and Simon’s dedication was evident not only in the depth and precision of their research but also in their commitment to presenting the final findings in person at our campus in Coventry. This personal touch was greatly appreciated by all involved. Thank you Read more “Edale Consulting’s knowledge, expertise and professionalism make them an outstanding partner for any organisation looking to explore future skills and workforce development for sustainability. ”Lisa WilsonIt was a pleasure working with Lawrie and Adrian during their evaluation of our cross-border project. They were highly professional and sensitive to the subject matter, as well as curious to find out from participants how the project was for them. I can highly recommend Edale. Edale proved themselves to be extremely professional in their evaluation of our cross-border project. They collected significant amounts of data,... Edale proved themselves to be extremely professional in their evaluation of our cross-border project. They collected significant amounts of data, including from interviews with project participants, enabling them to reach a balanced and detailed assessment of the extent to which our project had attained its objectives, and whether its impacts could be sustained. There was constant contact with us, and Lawrie and Adrian met all the evaluation milestones we had set out. It was an absolute pleasure working with them! Read more “It was a pleasure working with Lawrie and Adrian during their evaluation of our cross-border project. They were highly professional and sensitive to the subject matter, as well as curious to find out from participants how the project was for them. I can highly recommend Edale. ”AnthonyEdale provided exceptional support in evaluating our Digital Pathfinders programme, which served businesses across the North of Tyne region. Edale provided exceptional support in evaluating our Digital Pathfinders programme, which served businesses across the North of Tyne region. Lawrie... Edale provided exceptional support in evaluating our Digital Pathfinders programme, which served businesses across the North of Tyne region. Lawrie and Simon demonstrated utmost professionalism, guiding us expertly through the entire evaluation process. Their deep understanding of our organisation, the programme’s services, and our client base was particularly impressive. Simon’s responsiveness in... --- - Published: 2016-03-18 - Modified: 2016-05-26 - URL: https://edale.co/about-us/where-does-the-name-edale-originate/ Edale is a town and valley located in the centre of England. Edale’s name reflects its namesake’s strong environment, adept community and innovative forefathers in building a thriving centre of commerce from the ground up. Called Aidele in the Domesday Book, the first public manuscript completed in 1086 recording most of the settlements in England and parts of Wales, the town has a rich history of successful commercial ventures despite a challenging rocky environment and remote location. Residents of Edale made strategic decisions over the centuries that today make it a magnet for people to visit, escape from the mainstream and location to get good perspectives. Many businesses start from simple beginnings then the wise ones invest in technology to improve operations and move into new markets or use the skills around them to deliver a better product – like Edale. Foresters and cattle farmers settled the land originally in Edale Valley and created booths for shelter and protection. Agriculture led to manufacturing. The local corn mill built a pond, fed by the rivers and mountains nearby, and purchased looms to weave raw cotton into thread that was supplied to local cities. Packhorse trains of around 50-60 horses delivered the raw cotton. The leading horses wore bells which assisted those following in darkness and fog. Steam replaced water power as the industrial revolution created new manufacturing techniques. The proprietors moved from cotton thread to lace weaving when they saw the value in creating a finer product for the market. Edale’s philosophy to invest, improve and use local resources are true in our focus on financial services today. Edale’s millstone logo mirrors the strong gritstone from the valley around Edale and direct relationship the millstone has to the product it produces. These millstones were an integral part of the original Edale Mill to make flour and characteristic of the local area. --- - Published: 2016-02-09 - Modified: 2016-03-10 - URL: https://edale.co/wealth-advice/model-portfolio-service-for-international-financial-advisers/ Edale's Model Portfolio Service (MPS) allows international financial advisers and their clients around the world to access independent third party portfolio management. Our aim is to make investing easier. Outsourcing model portfolios allow the adviser firm to drive efficiencies into their businesses while decreasing their business risk. It is an ideal solution for offshore financial advisers looking to outsource the management of their expatriate client portfolios. This service allows the adviser to focus on estate planning and financial planning with an investment specialist in the engine room; Edale performs fund research, asset allocation and provides risk profiling tools. The service is transportable to cover existing policyholders and client banks, therefore, the service can be used with offshore life company investment policies both regular premium and lump sum. Or enhance a bancassurance relationship or be used for a segregated portfolio with a private bank or custodian. We can provide a full breadth of risk profiled portfolios across major currencies: US Dollar, Sterling, Euro and Swiss Franc. If you are interested to discuss how it works or receive more information please contact us. --- - Published: 2015-11-06 - Modified: 2015-11-06 - URL: https://edale.co/serenity-sukuk-performance-chart/ one --- - Published: 2015-09-28 - Modified: 2023-02-24 - URL: https://edale.co/history-of-edale/ Our core services Financial advice Personal and workplace financial advice Investment management Advising on instiutional investment mandates SME innovation Acceleration and innovation for small/medium businesses Where does the name Edale originate? Edale is a town and valley located in the centre of England. Edale's name reflects its namesake's strong environment, adept community and innovative forefathers in building a thriving centre of commerce from the ground up. Called Aidele in the Domesday Book, the first public manuscript completed in 1086 recording most of the settlements in England and parts of Wales, the town has a rich history of successful commercial ventures despite a challenging rocky environment and remote location. Residents of Edale made strategic decisions over the centuries that today make it a magnet for people to visit, escape from the mainstream and location to get good perspectives. Many businesses start from simple beginnings then the wise ones invest in technology to improve operations and move into new markets or use the skills around them to deliver a better product - like Edale. Foresters and cattle farmers settled the land originally in Edale Valley and created booths for shelter and protection. Agriculture led to manufacturing. The local corn mill built a pond, fed by the rivers and mountains nearby, and purchased looms to weave raw cotton into thread that was supplied to local cities. Packhorse trains of around 50-60 horses delivered the raw cotton. The leading horses wore bells which assisted those following in darkness and fog. Steam replaced water power as the industrial revolution created new manufacturing techniques. The proprietors moved from cotton thread to lace weaving when they saw the value in creating a finer product for the market. Edale's philosophy to invest, improve and use local resources are true in our focus on financial services today. Edale's millstone logo mirrors the strong gritstone from the valley around Edale and direct relationship the millstone has to the product it produces. These millstones were an integral part of the original Edale Mill to make flour and characteristic of the local area. Our brand logo Edale's millstone logo mirrors the strong gritstone from the valley around Edale and direct contact between the millstone and product it produces. These millstones were an integral part of the original Edale Mill to make flour and characteristic of the local area. The millstone is reflects our work ethic and practice: Accommodating. Efficient. Assured. Knowledgeable. Honest. Clear. Adaptable Learned. Genuine. Direct. Millstones come in pairs, reflecting our role working with the client. The base or bedstone is stationary. Above the bedstone is the turning runner stone which actually does the work. A millstone may be seen as a basic piece of chiselled stone to the lay eye but it does have science and experience behind the way it operates and is made. What may be a humble circular stone has life to it. Millstones grind from the centre outward with the product dropped in through the open middle hole. The grooves (furrows) and flat area (land) of a millstone pull the product from the centre outward and grind it. Two identical millstones work together sitting in a vat with the top stone a runner and bottom one the bed. A humble circular stone has life to it Some people say stone just grinds the flour but a more experienced miller knows that sharp furrows make for more efficient grinding. Millstones need to be evenly balanced, and achieving the correct shape, contact and approach are crucial to producing good quality flour - this is an analogy to Edale and the services and advice we offer to the varied client base. Edale is characteristic of a miller in we use what appears simple tools with complex processes and continual maintenance to achieve a fine product for our clients. --- > Services to care for financial and business assets across financial advice, investment services, SME acceleration and creative design. - Published: 2015-09-09 - Modified: 2023-11-16 - URL: https://edale.co/ Care for financial and business assets For individuals, workplaces, institutions, enterprise enablers, entrepreneurs, business leaders and builders. Personal and workplace financial advice Make informed and timely decisions about your financial affairs for you, family or your company Financial advice Investment services: venture financing to portfolio management Regulated deal making, bespoke mandates, due diligence, financing modelling and everything in-between Investment services Enterprise development and support Smaller company advice to innovate and accelerate through advice, coaching, mentoring and tech Business support Creative design + marketing Wow designs with no hassles or headaches Wow designs + digital The Social Security Fairness Act: The Effects on Non-Resident Retirees repealing WEP + GPO High Earners Dilemma: Avoiding Income Tax Traps A Tale of Two Taxmen: How the UK and US View Tax Wrappers Actions on beneficiaries for Brite Adviser liquidation What could some of the budget changes be in Oct 2024? Case Study: Navigating Complex US Inheritance Paperwork for a UK Beneficiary Cash distribution plans and client statements for Brite Advisors Growing into Our Teenage Years Understanding Retirement Accounts: SIPP vs. IRA vs. 401(k) for UK and US Residents when in the UK RSU awards for employees and financial advice Delivering customer excellence in professional services Read customer rating... Edale provided exceptional support in evaluating our Digital Pathfinders programme, which served businesses across the North of Tyne region. Edale provided exceptional support... Read more “Edale provided exceptional support in evaluating our Digital Pathfinders programme, which served businesses across the North of Tyne region. ”AmandaWould recommend. The free chat was... Read more “Would recommend. ”StuartLawrie was very helpful and provided me with some useful guidance on an investment basis. I have tax and financial affairs that are more complex than usual, due to holding multiple citizenships and Lawrie was very knowledgeable and able to answer many of my questions over a 10 minute call. I would highly recommend... Read more “Lawrie was very helpful and provided me with some useful guidance on an investment basis. I have tax and financial affairs that are more complex than usual, due to holding multiple citizenships and Lawrie was very knowledgeable and able to answer many of my questions over a 10 minute call. ”AlexI had a long conversation with Lawrie Chandler to explore the financial implications of moving my tax residency from the US to the UK. I found his knowledge of the pros and cons very helpful. Some specialists in international... Read more “I had a long conversation with Lawrie Chandler to explore the financial implications of moving my tax residency from the US to the UK. I found his knowledge of the pros and cons very helpful. ”MarkExpert advice! I’m teaching overseas and... Read more “Expert advice! ”LauraVery quick to respond & helpfulI pretty much had... Read more “Very quick to respond & helpful”Thomas Submit your informationEdale "Accelerate"Advice to scale firms + workplaceSubmit your informationEdale "Accelerate"Advice to scale firms + workplace   Submit your informationEdale InvestmentsBuilding your investment householdSubmit your informationEdale InvestmentsBuilding your investment household   * { padding: 0; margin: 0; } . slider { background: white; height: 130px; margin: auto; overflow: hidden; position: relative; width: 1140px; } . slider::before, . slider::after { background: linear-gradient(to right, #fff 0%, rgba(255, 255, 255, 0) 100%); content: ""; height: 100%; position: absolute; width: 100px; z-index: 2; } . slider::after { right: 0; top: 0; -webkit-transform: rotateZ(180deg); transform: rotateZ(180deg); } . slider::before { left: 0; top: 0; } . slider . slide-track { animation: scroll 80s linear infinite; display: flex; width: calc(250px * 18); } . slider . slide-track:hover { animation-play-state: paused; } . slider . slide { height: 130px; width: 250px; } . slide:nth-child(1), . slide:nth-child(10) { background-color: none; } . slide:nth-child(2), . slide:nth-child(11) { background-color: none; } . slide:nth-child(3), . slide:nth-child(12) { background-color: none; } . slide:nth-child(4), . slide:nth-child(13) { background-color: none; } . slide:nth-child(5), . slide:nth-child(14) { background-color: none; } . slide:nth-child(6), . slide:nth-child(15) { background-color: none; } . slide:nth-child(7), . slide:nth-child(16) { background-color: none; } . slide:nth-child(8), . slide:nth-child(17) { background-color: none; } . slide:nth-child(9), . slide:nth-child(18) { background-color: none; } @keyframes scroll { 0% { transform: translateX(0); } 100% { transform: translateX(calc(-250px * 9)); } } Call Whatsapp Online chat Secure message Email Office --- > Introduction to Sukuk and use in portfolios for income - Published: 2015-07-30 - Modified: 2015-07-30 - URL: https://edale.co/wealth-advice/sharia-compliant/income-from-asset-backed-securities/ Investment in sukuk securities Conventional investors normally hold a significant proportion of their portfolios in bonds and floating rate notes, as these provide a higher return than bank deposits. The investor expects to receive regular payments and on maturity of the bond a sum equivalent to its face value. The major risk is issuer default. Islamic investors cannot hold conventional bonds or notes if they want their portfolios to be sharia compliant, as these debt instruments pay interest. What is permissible is the holding of sukuk securities. Sukuk are the Islamic equivalent of bonds and provide investors a stake in an asset, along with corresponding share of cash flows and risk. Sukuk pay a profit rate based on income generated by an underlying asset, such as property, or (in the case of Petronas - Malaysia's state owned oil company) oil reserves or (in the case of Emirates Airlines) aircraft assets. The table below compares Sukuk and a conventional fixed income security. Sukuk Conventional bond What does it represent? •Ownership stakes in well defined assets •Pure debt obligations What influences the price? •Sukuk prices depend on the market value of the underlying asset •Bonds depend solely on the creditworthiness of the issuer Types of instrument •The underlying contract for a Sukuk issuance is a permissible contract i. e. lease•There are 14 categories defined by AAOIFI •In a bond, the core relationship is a loan of money, which implies a contract whose subject is purely earning money on money (Riba) Market size • Estimated at $100bnSource: Standard and Poor’s • $82,226bnSource: Original BIS data as of March 31, 2009; Asset Allocation Advisor compilation as of November 15, 2009 Growth of Sukuk Market The strong momentum of the sukuk market is underpinned by the increasing demand for sukuk, especially sukuk of high credit ratings, from Islamic investors. Over the years, the Gulf region has accumulated a huge amount of oil revenue. The current account surpluses in the Gulf Cooperation Council (GCC) countries last year were estimated to be more than US$300 billion, while assets under management by sovereign wealth funds in those countries amounted to as much as US$2 trillion at the end of last year. Islamic investors in the Middle East and other Islamic countries generally have a preference for investing in Sharia compliant assets. With the expanding liquidity pool in the Islamic world, naturally, there is a commensurate increase in the demand for Islamic investment instruments globally. Sukuk compared to conventional bonds When considering the performance of Sukuk to conventional bond investments Sukuk has a similar return profile to high yield or corporate bonds. A comparison to the performance of the UK IMA High Yield and IMA Corporate Bond sectors shows interesting similarities. All the assets fell in value in September 2008 as the financial crisis reached a critical point and any assets with a credit risk were sold down during a flight to quality. The subsequent recover to new highs shows a similar pattern. From 2004 to 2010 Sukuk has outperformed equivalent conventional bond indices in the UK (Sukuk in its base currency, US Dollars, as converting to UK Sterling will distort the clear credit relationship). The defining characteristic of Sukuk is that they are asset backed, which implies that when they are traded the investors are buying and selling the rights to an underlying real asset, usually a piece of real estate or a movable asset such as equipment or vehicles, this gives Sukuk a credit quality rather than a loan and income feel that is common with government bonds. It is difficult to compare Sukuk directly to governments bonds as most government issuers are Emerging Market countries so corporate bond or high yield comparisons are more appropriate. Sukuk are increasingly being used as a substitute for corporate bonds and floating rate notes as sukuk share similar characteristics with these investment options. Both sukuk and conventional bonds have a fixed-term maturity, provide a regular inflow of income, and are tradable on the open market at prevalent yield price. The first Sukuk were issued in the Malaysian domestic market in the mid-1990s. Sukuk can be divided into two main groups: Malaysian domestic Sukuk (primarily ringgit-denominated and governed by Malaysian law) and international Sukuk (being primarily USD-denominated and governed by English or US law). The majority of international Sukuk are governed by English or New York law but are structured in a way as to be Sharia compliant, for the benefit of issuers and investors who seek to manage their affairs in accordance with Sharia principals. The cash flows and credit risk of a Sukuk are remarkably similar to those of a conventional bond. Malaysia is still the dominant source of Sukuk issuance, although this remains primarily domestic issuance. As the chart below show, Sukuk issuance from the Middle East has dominated. All three rating agencies have stated that their current rating methodologies and rating scales can accommodate Islamic debt instruments. The fact that credit risk has tended to relate to the originator and not the underlying asset performance has meant that, in practice, long-term ratings of Sukuk do not exceed the originator’s/issuer’s rating. They could, however, have a lower rating if there are additional risk factors specific to the Sukuk. Only in a minority of cases have rating agencies treated Sukuk as asset-backed securitizations, which in those instances can lead to a higher rating than the unsecured rating of the borrower. --- > Salam Pax SICAV contains Funds that can be blended to create individual investment strategies to satisfy ethical and islamic investors. - Published: 2015-07-30 - Modified: 2015-07-30 - URL: https://edale.co/introduction-to-salam-pax-funds/ The Salam Pax SICAV contains two Funds we believe can be blended to create individual investment strategies to satisfy most types of investor. The service is ideal for Ethical investors and Muslims seeking an investment option that honours the high morals and principles of Islam. The Funds are advised by a professional team with extensive investment experience and first-hand knowledge of sharia compliant investing. The service also enjoys the support of a highly respected Shari’a Advisory Panel and Independent Board of Directors. The Funds are regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg and compliant with the popular UCITS rules which allows them to be passported around Europe and available to international investors. The funds are approved by the local regulator in UK, Luxembourg and France. To manage clients’ wealth successfully a skilful balance of experience, knowledge and adaptability is essential. To achieve a consistent performance and superior returns the Funds follow an active investment approach combining dynamic top-down macro views with a flexible fund/ asset selection process. The Funds investment philosophy and disciplined investment rationale follows these principles: A high conviction investment approach in well researched and understood investment ideas An active investment approach based on global investment themes Open architecture approach utilising investment experts from across the Islamic financial community A team-based, multi-perspective approach The Ethical Fund of Funds and Serenity Sukuk Fund: Ethical is designed for investors seeking a total return with an emphasis on capital growth, while Serenity Sukuk is for those seeking income and prepared where necessary to accept a moderate level of risk to achieve it. The funds are available across Europe though a MIFID passport and available for the general public in France and the UK. --- > Comprehensive financial planning and personalised advice for private clients. Our expert team provides tailored financial plans with no minimums. - Published: 2015-07-30 - Modified: 2025-03-17 - URL: https://edale.co/private-client/ Financial advice for individuals Guiding you towards a secure and prosperous financial future. Financial well-being is our focus. Whether you need an independent financial adviser for a specific need or a full plan, we specialise in crafting plans around you. Our expertise spans a wide range of services, including retirement planning, investment management, tax optimization, and estate planning. We help all types of individuals from: Career starters to retirees shopkeepers to board directors Young professionals to senior corporate leaders Business owners to rainmakers People in the UK to expatriates around the world Americans in the UK or dual citizens in the UK Everyone gets a client-focused approach, focused on your unique goals and circumstances. Starting out Making your own decisions and managing financial affairs. Understanding important principles and getting a grounding in sensible financial affairs. Independent life Starting your own personal life into family life where financial priorities are balancing the books, protection and starting long term savings. Mid life priorities Beginning to look further out and shaping options to build towards retirement and planning for immediate family financial needs. Later life planning Planning your finances, benefit options, income generation, asset protection, estate planning and care funding. Accessible experts – no minimum size of investment Finance can be complex so we see our role in society to grow financial education and money knowledge, regardless of the size of a client’s wallet. That’s why we’ve eliminated minimum client sizes, opening our doors to all. We can provide advice on the simple to the complex. We support individual to gain the knowledge and skills needed to make informed financial decisions. Whether you’re just starting your financial journey or looking to deepen your money management skills, or a specific need we can guide you every step of the way, because we believe that financial well-being is a cornerstone of a prosperous society. Edale likes to democratise financial knowledge and help people embark on a path to financial confidence and freedom. Personal financial planning DIY Transactions without advice Execution only Deal fee + account maintenance Edale as gateway to financial markets Web tools and product information Benefit from institutional partnerships Trade now Whole service For complex financial arrangements, working in partnership with other professional advisers Wealth manager Variable prices Complex financial arrangements Frequent 1:1 contact Monitoring + adjusting financial plan Access to the team at any time Bespoke advice Your IFA Personal financial planning designed around your goals and objectives. Financial planning Annual % fee Personal financial plan Yearly 1:1 meeting Monitoring + adjusting financial plan Access to the team at any time Get advice Advice on request For client’s needing appropriate financial planning and have a one-off need for advice with no ongoing service. On demand Pay as you go One-off need for advice See team via pay-as-you-go model Advice on specific circumstances Mandate driven by you One off advice US Persons in UK Helping Americans or US passport holders with UK financial advice US / UK Financial Advice Business protection Insure to protect your firm where a key individual dies or seriously ill. Business Protection Director pension funding Business owners should create efficient pension arrangements for them and Directors. Business pension funding Employee pension arrangements Advice on and actively administering Employee Pension Schemes. Staff pensions Improve business performance Edale advice for scaling and growing firm through coaching, financial fitness and investment readiness. Visit Edale Accelerate Fees Edale is an open and transparent business. So this question is always on new clients' mind. Independent financial adviser fees vary from firm to firm and service need and complexity. The table below sets out the standard industry fee model and our approach and options available. We also highlight the most common. If you’re seeking general guidance on budgeting and/or debt management, free advice can be obtained from reputable sources such as the Money Helper, Citizens Advice Bureau or (if you’re over 50), the government’s Pension Wise service. Initial Advice fees Industry Standard Fees typical adviser costs - please note, these are guidelines only. 3-5% Edale Standard advice 1-2% Edale Simple advice £0-400 Ongoing Advice fees Industry Standard Fees Typical adviser costs - please note, these are guidelines only. Upto 1. 5% Edale Standard advice 0. 5-0. 75% Edale on demand Pay as you go £150 per hour + VAT Testimonials What our financial planning clients' say about us. Amazingly helpfulLawrie was so helpful and patient, going through form with me to make sure I understood... Lawrie was so helpful and patient, going through form with me to make sure I understood what I needed to fill in for a complicated matter. Read more “Amazingly helpful”KatieThank youThank you very much Lawrie for your effective diligence! MichaelVery happy with the advice i received. My advice came from Lawrie Chandler who i found very helpful, friendly & easy to deal with, whilst remaining professional... . My advice came from Lawrie Chandler who i found very helpful, friendly & easy to deal with, whilst remaining professional. Living overseas it was tricky to get advice & not being a financial person made it difficult to understand all the implications. Lawrie was patient during explanations & a pleasure to deal with. I would highly recommend Lawrie & Edale. Julie. Read more “Very happy with the advice i received. ”JulieVery good and most helpfulExcellent helpM Dunbar100% Recommend Edale! Lawrie and Edale have been incredibly thorough and supportive throughout the journey – from the moment I’ve consulted about my... Lawrie and Edale have been incredibly thorough and supportive throughout the journey – from the moment I’ve consulted about my unique circumstances with regards to investment options (being a dual US citizen living in the UK) to onboarding me as a client to invest through them. I am so happy and relieved hat I’ve finally found a solution to a problem I’ve had for years, and so grateful for Lawrie being so thorough with the whole process – all the information was made easy to digest and understand, and I could (and still can) reach out to Lawrie whenever I had/have questions, and he was readily available and prompt with his responses. I love that Edale accommodates to clients of various sizes, and that I can invest at the pace and amount I feel comfortable in. Thank you so much! Read more “100% Recommend Edale! ”Ninadual US/UK nationality familyLawrie invested a great deal of time understanding our circumstances (dual US/UK nationality family) before any recommendations were discussed I... Lawrie invested a great deal of time understanding our circumstances (dual US/UK nationality family) before any recommendations were discussed I am very happy with the outcome and intend to continue the relationship in the longer term. Read more “dual US/UK nationality family”GavinMost helpful Knowledge and guidance offered through generosity and sincerity. Deeply appreciated blue ribbon customer service. I’m currently going through a divorce and was in desperate need of financial help and guidance. I’m a US American... I’m currently going through a divorce and was in desperate need of financial help and guidance. I’m a US American living in the UK. I was searching for someone who knows, and could give financial advice for both sides of the pond; so to speak. I also was wanting a small and personal, yet local group in Surrey. Laurie offered his time, pro bono, to help walk me through and do all the necessary math to get the information I was needing. He did this knowing I had no money to invest (or even give advice on) at that time. This is customer service at its very best. I think I almost cried when he said he could help me with that free of charge! Read more “Most helpful Knowledge and guidance offered through generosity and sincerity. Deeply appreciated blue ribbon customer service. ”StacyDiligent and responsive! I was visited by Lawrie Chandler in São Paulo, and shortly after I asked for his assistance with regards to... I was visited by Lawrie Chandler in São Paulo, and shortly after I asked for his assistance with regards to a divestment. He guided me through the process and assisted even after I realized that there was some problems with my request. His diligent and responsive handling helped me sort out the situation and made me feel comfortable along the process. Read more “Diligent and responsive! ”PeterExcellent! Great advisor. Lawrie is a great advisor, he has shown us clearly and simply how financial instruments work and what options we... Lawrie is a great advisor, he has shown us clearly and simply how financial instruments work and what options we have. He has dedicated all the necessary time and has been proactive. Read more “Excellent! Great advisor. ”JonathanComprehensive Financial Services by Edale Edale prides itself on offering a comprehensive suite of financial services that cater to all your needs under one roof. Unlike traditional Independent Financial Advisors(IFAs), who often outsource key components of financial planning and management, we handle everything in-house. The team has experience in institutional workplaces before their time in retail advice so have technical skills from portfolio management, private client stockbroking and private Banking. This allows us to maintain a high level of control, quality, and personalisation in the services we provide. Here's a detailed comparison of our services versus those typically offered by traditional IFAs: Dropdown Explanation Table body { font-family: Arial, sans-serif; line-height: 1. 6; margin: 0; padding: 20px; background-color: #f8f9fa; } table { width: 100%; border-collapse: collapse; margin-bottom: 20px; background-color: #ffffff; box-shadow: 0 2px 4px rgba(0, 0, 0, 0. 1); } th, td { padding: 12px; border-bottom: 1px solid #ddd; text-align: left; } th { background-color: #007bff; color: white; font-weight: bold; } tr:nth-child(even) { background-color: #f9f9f9; } . tick { color: green; font-weight: bold; } . cross { color: red; font-weight: bold; } . expandable { cursor: pointer; color: #007bff; text-decoration: none; font-weight: bold; } . expandable:hover { text-decoration: underline; } . content { display: none; background-color: #f1f1f1; padding: 10px; border-left: 4px solid #007bff; margin: 5px 0; } function toggleContent(id) { const content = document. getElementById(id); content. style. display = content. style. display === "block" ? "none" : "block"; } Client Step Edale Traditional IFA Searching We assist clients in finding the right financial products and services that match their needs and goals. Consultations Our consultations are tailored to understand clients' financial situations, goals, and concerns. Needs Analysis We conduct a thorough analysis of clients' financial needs to provide personalized advice. Cashflow planning Taking your financial assets, income and life goals to check that you have a solid investment plan and roadmap for your finances. Financial Advice Our expert financial advisors provide tailored advice to help clients achieve their financial goals. Risk Profiling We assess clients' risk tolerance to recommend suitable investment strategies. Investment Profiling Outsourced to investment group Our in-house team profiles investments to ensure they align with clients' goals and risk tolerance. Investment Research / Selection Outsourced to investment group We conduct thorough research and selection of investment options internally to offer the best choices. Investment Strategy Outsourced to investment group Our team develops personalized investment strategies to meet clients' financial objectives. Implementation or IFA does or outsource to investment group We implement investment strategies directly, ensuring seamless and efficient execution. Wrapper / Platform Selection or IFA does or outsource to investment group We select the most suitable investment wrappers and platforms to optimise client portfolios. Rebalancing or IFA does or outsource to investment group Our team regularly rebalances portfolios to maintain the desired asset allocation. Reporting or IFA does or outsource to investment group We provide comprehensive and transparent reporting to keep clients informed about their investments. Reviews Regular reviews are conducted to ensure that clients' financial plans remain on track. Additional Advice ? We offer ongoing advice to address any new financial challenges or opportunities that arise. Proactive Support and Guidance ? Our proactive approach ensures clients receive continuous support and guidance for their financial well-being. Tax Reporting Data Support ? We assist with tax reporting, providing the necessary data to simplify clients' tax filings. Taking cross-border Pension Benefits and being Tax Efficient ? Guidance and advice with letters of assurance for accessing pensions from multiple-countries and ensuring benefits from double taxation treaties to not overpay tax. Financial Advice Process Our financial planning and advice process uncovers how to get where you want to go. With a simple and ordered proces from answering your initial questions, to understanding you and getting all the facts, to implementation, and on-going support, there is a natural sequence that we have developed to fit our clients over the past decade adn more. Each phase is individualised to address various aspects of your financial journey, from getting to know you to tailor-made investment solutions and regular checks to stay in touch with your changing circumstances. Below we outline the most common steps to show how we can make you money work for you. body { font-family: Arial, sans-serif; margin: 0; padding: 0; background-color: #f4f4f4; } . container { max-width: 800px; margin: 20px auto; background: #fff; padding: 20px; box-shadow: 0 0 10px rgba(0,0,0,0. 1); } . title { text-align: center; margin-bottom: 20px; } . step { display: flex; align-items: center; margin-bottom: 20px; } . icon { flex: 0 0 50px; font-size: 30px; text-align: center; margin-right: 10px; } . text { flex: 1; } Initial consultations Discuss any inquiries or general conversations you may have about our services. We’re here to explore your financial goals, answer questions, and outline our services. Free and no obligation. Book an appointment. Step 1: Discovery Meeting Discuss your financial situation, aspirations, risk tolerance, and existing financial products. Option to proceed further. Step 2: Research to Find Suitable Investment Options Researching market to identify solutions tailored to your needs, considering personal and tax status, and existing arrangements. Step 3: Providing Reports, Financial Health Checks and Forecasts Prepare a financial report, overview of your financial circumstances, and additional specific reports if needed. Step 4: Recommendation of Specific Investment Products Recommend investment products and providers, including cost illustrations in a suitability report. Step 5: Implementation Arrange and register your chosen investments, services, and policies. Step 6: On-going Planning Periodic reviews and annual planning meetings to ensure strategy and products meet your requirements. Fee-based on portfolio value. --- - Published: 2015-03-30 - Modified: 2015-03-30 - URL: https://edale.co/secure-page-570-asset-management/ Transactions --- > Wealth Advice on investments: from establishing portfolios, picking securities and funds, monitoring investments through to caring for accumulated wealth. - Published: 2014-10-02 - Modified: 2025-02-10 - URL: https://edale.co/wealth-advice/ Edale’s wealth practice provides advice and guidance on all elements concerning investment; from establishing portfolios, picking securities and funds, monitoring investments through to caring for accumulated wealth. These services are available to wealthy individuals as well as fiduciaries, wealth holders, trustees, accountants and international employers. Assets these days involve more than discretionary portfolios. Illiquid and more complex assets are now commonplace. It is difficult to monitor and assess assets purely watching cash, bonds, equities and alternatives; you need to consider all assets. Edale's wealth curation services assesses and monitors all assets not just capital market instruments, this is attractive for fiduciaries and advisers needing to care for their clients investments. If you are interested to discuss your wealth matters and needs with Edale please contact us. Wealth /wɛlθ/ Curate /kjʊ(ə)ˈreɪt/ Noun An abundance of value held in possessions or money Verb Select, organize & present typically using professional/ expert knowledge Edale maintains relationships with service providers in banking, insurance and investment management. --- - Published: 2014-04-02 - Modified: 2015-01-09 - URL: https://edale.co/sharia-cash-research/ These days cash is managed like any other investment asset and counterparty risk is of paramount importance. Clients who wish to maximise returns and spread risk utilise money market management services investing in Murabaha, Wakala and Sukuk. Edale maintains a database of banks that provide Islamic deposits. This research is available on subscription basis for institutions and wealthy individuals wishing to outsource their panel bank research. Institutions can place cash across a variety of terms, credit qualities and make it easily accessible or locked up. Edale builds and maintains a list of banks to reduce workloads, spread risk and maximise returns. The institution deals directly with the banks, Edale's research reduces the search and selection process. To learn more on the Shariah cash database contact us. --- > Introduction to team members and investment advisory panel - Published: 2014-03-24 - Modified: 2023-02-24 - URL: https://edale.co/about-us/team/ Edale operates a flat structure to support the business and ensure the core focus is on the client goal.   Committees Topic specific Advisory Panels in the company bring together industry experts and practitioners to examine resources and make more informed business decisions. The independent Investment Advisory Panel (IAP) meets once a month to debate the issues that inform our investment outlook. The regular members are experienced professionals and complemented by other specialists, depending on the important issues of the day. Jason Kabel Jason has more than 15 years of asset management experience focusing on Money Market and Fixed Income products. He was Head of Fixed Income at Bank of London and the Middle East plc from October 2008. Prior to BLME he was a Fund Manager of Money Markets at Foreign & Colonial, within the Credit team. Contact Jason --- > Edale group provides advice to institutions and wealthy individuals. Specialists in offshore, middle east, and sharia compliant investments. - Published: 2014-03-12 - Modified: 2016-05-26 - URL: https://edale.co/financial-marketing-and-advice/ A wealth boutique focusing on investments and investment-related services to investment firms and the wealthy. Fund Objective Details Geography Ethical Fund of Funds Balanced multi-asset more info Global Serenity Sukuk Income more info Global LHV Persian Gulf Growth more info Middle East The principal areas of work centre on emerging themes including growth markets like frontier markets, ethical research inc sharia compliant funds and securities and clients in developing sectors and markets. These services are accessed through funds, portfolios, deposit institutions and project consulting. --- - Published: 2014-03-03 - Modified: 2022-08-25 - URL: https://edale.co/contact-us/ Edale can be easily contactable through the webform and messaging options below. We operate from a range of offices and remote locations. We are frequent travellers and since 2014 have spent 22% of our time on the road seeing clients in their location.   Contact form Name (required) Email (required) Telephone (required) Your Message Please leave this field empty. Head Office Top Floor, 15 Bell Street, Reigate, RH2 7AD, UK There are two hours of free parking in Morrisons Car Park (22-32 Bell St, Reigate RH2 7BA). Press the buzzer labelled 'Top floor' on the blue door between Chapel Cafe and Flint House. 900yr old office now home to Edale The 19th-century facade conceals the shell of the medieval St Lawrence's Chapel built in the 12th century. Believed to be a chantry chapel it was a building on private land set aside or built especially for the performance of the chantry duties by the priest. Its purpose changed after the reformation to a commercial building. Internally the visible party walls of the house in the entrance hallway are very thick. Edale occupies the top floor of the office with a lofted ceiling. West Midlands branch The Kiln, Copenhagen Street, Worcester, WR1 2HB Based in the creative and technology hub that was formerly a police station and once the headquarters for Worcester city force. London branch 1 Poultry, London EC2R 8EJ In the heart of the original city of London near the Bank of England and historical merchant centres of so many tradesmen. --- - Published: 2014-03-03 - Modified: 2016-05-26 - URL: https://edale.co/disclaimer/ These pages are strictly for the use of professional wealth management intermediaries such as Banks, Fund and Funds, and Financial Advisors. All material on this website has been prepared for informational purposes only and is NOT INTENDED TO AND SHALL NOT IN ANY WAY CONSTITUTE AN INVITATION, OFFER OR SOLICITATION to invest in any investment related products. Information contained in this website DOES NOT CONSTITUTE INVESTMENT ADVICE. Potential investors should note that investments can involve significant risks and your initial capital is at risk. No assurance can be given that the investment objective of any investment products will be achieved. Any reference to any specific company, financial product or asset class in whatever way does not constitute a recommendation on the suitability of that as as investment for any individual or entity. This website is not directed to any person in any jurisdiction which prohibits the publication or availability of this website or where such publication or availability would subject Edale UK Management Ltd to any registration requirement within such jurisdiction. It is your responsibility to be aware of and to observe all the applicable laws and regulations of your jurisdiction. You should consult your professional adviser(s) as to whether you require any governmental or other consents or need to observe any formalities to enable you to access the information. Please do not view the remaining pages of this website if the publication or availability of this website is in any way prohibited in your jurisdiction. If you are in any doubt, please seek further advice before viewing this site. By proceeding to view the contents of this website, we assume you are representing and warranting that the applicable laws and regulations of your jurisdiction allow you to access the information. While all the reasonable steps have been taken in preparing the material on this website, no warranty whatsoever is given and no responsibility or liability is accepted for any loss arising directly or indirectly in connection with or as a result of any person acting on any information, opinion or statement expressed in the same. The information is not guaranteed as to accuracy, nor is it a complete statement of the financial products or markets referred to. Opinions expressed are subject to change without notice. The website also contains links that lead to other websites. These links are provided solely for your convenience and do not constitute any endorsement, sponsorship or approval of the material in such sites or any such related information on those websites that is beyond our control. Any potential investors to any investments mentioned, referred to or linked to, on this website, should read the relevant offering documents carefully for further details including the risk factors before any investment decision is made. Prospective investors should consult their own professional advisers, stock brokers, lawyers, accountants, tax consultants, bank managers or any other professional advisers they consider necessary before making an investment. Any use of this website and reliance on the information herein are entirely at your own risks. In no event shall Edale UK Management, or any of its subsidiaries or affiliates, and their respective officers, directors, employees, representatives, agents, information providers, service providers, suppliers, licensors and licensees, and all other related, associated, or connected persons be liable for any loss, damage or injury to any data, income, goodwill, property or third parties, whether it be direct, indirect, special, punitive, exemplary, consequential or incidental, caused by or arising out of or in relation to (i) the use of access of this website and the information therein or (ii) any failure of performance, error, omission, interruption, deletion, defect, transmission blackout, incorrect data transmission, delay in operation, computer virus or other destructive items. --- > Information on Edale Investments, Edale Enterprises and what we offer our important clients, - Published: 2014-02-28 - Modified: 2025-01-29 - URL: https://edale.co/about-us/ Edale is a professional services company that offers financial advice, investment services, and business services to a wide range of clients, including individuals, families, public authorities and businesses. We specialise in financial advice, investment service, enterprise development, monitoring + evaluations and creative design. The first company formed on a snowy January in 2014. Since then, the business has grown into new business lines and invested in portfolio companies to grow new independent enterprises. With a background in private banking and investment management, the firm offers a broad range of financial services and additional business advice. With a global thinking and background in international work, we are broader in our perspective than most firms . The company also “does good” by operating in an environmentally friendly and socially positive manner. We like to make change and support good causes. We do not exclude anyone from our services which makes us accessible experts. The business has a social purpose of improving the sectors in which it operates, which means we have made decisions that are not commercially oriented but achieve a positive outcome. Global perspective We work across the world and know the complications in trying to access sensible investment planning and headaches of bureaucratic paperwork. In person and online The advances of technology and working patterns mean more people work across the world in various time zones and need advisers that share those experiences and can offer them advice in flexible ways to suit their needs. Institutional backgrounds The team at Edale learnt their craft within institutional firms so can bring the benefits of corporate investing to private clients and wholesale firms. Accessible experts Advice for Everyone, at Every Stage of the Journey In simple terms Edale was born out of a desire to provide world-leading products and services to clients' across the world. The founders are qualified investment practitioners that regularly travel to clients. 595,359 km travelled 76 cities seen 25 Countries visited To advise you Hand picked investment talent Edale hand picks fund managers and investment products from a constantly evolving universe to provide a suite of best in class investments for the client. Whatever the client situation, we focus on creating investments that are tailored to each client’s unique needs. We have a broad investment perspective and support the advisers relationship. Client focused and ongoing service Edale has an investment approach and profiling process that was developed in the institutional market though just as valuable for high net worth investors. Our new client approach focuses on: Risk control - downside protection should not be overlooked in the quest for growth Time horizon - wise investors focus on the long term Robust investments - good investments require ensuring strength of counterparties and providers An agile superpower Big firm experts offering superior products that show flair and leading edge thinking Edale's Positive Social Impact Mission Financial independence stands as a fundamental building block for personal freedom and security at Edale. Our goal is to enable people to direct their financial future no matter where they begin. We aim to open financial literacy and saving strategies to all persons regardless of their current financial status. Removing Barriers to Financial Advice Our mission compelled us to eliminate portfolio size limits. We made this decision because we believe that financial advice needs to be accessible to everyone regardless of where they are in their financial journey. Our clients always receive value for money through our flexible system which allows more people to receive personalised guidance. Free Financial Advice Consultations We provide complimentary consultations at flexible times to help direct people toward the appropriate next steps since not all individuals need or are prepared for complete financial advice. In these sessions we will evaluate your requirements and decide how to best support you. In cases where full advice isn't appropriate we will instead offer precise answers and direct users to useful resources or provide straightforward actionable steps. 15 Simplifying Financial Planning A lot of people find financial planning advice overwhelming and difficult to understand. At Edale we strive to make financial processes straightforward. Our guidance remains clear and confident when direct courses of action exist to help you make knowledgeable decisions without added complications. Empowering Financial Independence Our main purpose is to support you on your journey to financial self-sufficiency. We provide assistance whether you need help understanding savings strategies or building future financial plans and making better decisions. At Edale we function as more than just a financial advisory firm because we function as a partner guiding you toward a brighter and more secure future. Our mission is to create significant positive change in people's lives through education and personalised guidance on financial topics. What we do Edale is focused on building good financial households (personal financial advice) and investible workplaces (business advisory). Personal financial advice Make informed and timely decisions about your financial affairs. Financial advice Director's financial advice Financial advice for businesses and directors Business financial advice Improve business performance Edale advice for scaling and growing firm through coaching, financial fitness and investment readiness. Visit Edale Accelerate Press Cuttings See where Edale’s experts have been quoted in the media. How Much Of My Paycheck Should I Save? Publication: SuperMoney https://www. supermoney. com/ | Date: 4 November 2024 Quote: “Once you start earning the first paychecks its important to ensure some money is put away for a emergency’s, rainy days and for retirement. ” How to complain properly to get the result you need Publication: Saga Money https://www. saga. co. uk/saga-money-news/ | Date: 18 September 2024 Quote: “Go through the financial provider’s complaint process before raising the issue with an Ombudsman. “ What Advice Do You Have for Beginners Building Investment Portfolios? Publication: Brokerage Tips https://brokeragetips. com | Date: 9 September 2024 Quote: “Adopt an Accumulation Mindset. ” I’m a financial adviser and lost track of my £58k pension Publication: i News https://inews. co. uk/ | Date: 6 September 2024 Quote: “Pensions are not easy to keep track of over a lifetime so it’s quite common for one, if not more, to get overlooked and forgotten about. Need for experts to help track and consolidate pensions. ” How you can invest in London property without being a homeowner or landlord Publication: Evening Standard https://www. standard. co. uk/ | Date: 19 October 2023 Quote: “Lawrie commenting on the use of Real Estate Investment Trust, or REIT, as a route to property investing” How Edale Experts Are Guiding Clients Through Volatile Markets Publication: Nerd Wallet https://www. nerdwallet. com/ | Date: 5 September 2024 Quote: “Lawrie commenting on ease of challenger and tradtional bank account opening” Government Help to Grow scheme: training to accelerate your business Publication:Natwest Bank https://www. natwest. com/ | Date: 3 March 2022 Quote: “Profile of Edale on undertaking Help to Grow: Management programme. ” --- - Published: 2014-02-28 - Modified: 2015-07-30 - URL: https://edale.co/wealth-advice/sharia-compliant/ Modern finance has developed socially responsible and ethical strategies. Islamic finance is comparable to western principles of ethical and CSR investing. Islamic funds comply with Shari'a Law and Islamic investment guidelines: The first principle of Islamic finance is that all forms of interest are forbidden; Islamic assets are based on a profit and loss sharing system (risk sharing); and the ban on gharrar (uncertainty or speculation) activities. The principles of Shariah are often considered slightly different by various Shariah Fund Managers and scholars. Edale conducts research and maintains a proprietary database on Shariah Compliant Funds and Exchange Traded Funds. The fund research focuses principally on EU regulated and domiciled investment funds commonly known as UCITS. Offshore funds are also considered in some cases as part of the investment universe. All the Collective Funds and ETFs have a Sharia certificate that is maintained on file for inspection by clients. Our clients access this research in a variety of different manners: Subscribe to the fund research to offer recommendations within discretionary or advisory managed portfolios; Fund selectors use the research to assist product development; Use by investment committees to maintain investment white lists; Recruit Edale to perform a specific goal or project. If you are interested to know more about this type of investing and what Edale offers, please contact us for further information. --- --- ## Posts > Discover how the Social Security Fairness Act impacts public sector overseas retirees by repealing WEP and GPO. - Published: 2025-01-07 - Modified: 2025-02-27 - URL: https://edale.co/social-security-fairness-act-impact-wep-gpo-non-resident/ - Categories: us uk financial advisor - Tags: Americans in the UK, Biden Social Security law, COLA adjustments, dual pensions, expat retirement planning, financial planning for non-residents, Government Pension Offset, international retirees, non-covered pensions, non-resident benefits, public sector pensions, Social Security Fairness Act, Social Security reform, US pensions, US Social Security changes, Windfall Elimination Provision President Joe Biden signed the Social Security Fairness Act into law on Sunday (5 Jan 2025), a landmark act that will remove the reduction of retirement benefits for those receiving non-covered pension income. This transformative law ends the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), two controversial changes that have been detrimental to Social Security benefits for certain federal annuitants and public workers for decades. It will increase the monthly Social Security payments of nearly 3 million retired, married, and surviving spouses. What Was WEP and GPO for non-residents? The Windfall Elimination Provision is a formula to recalculate and reduce Social Security benefits for Americans who receive “non-covered pensions”. Government Pension Offset (GPO) is a system to adjust Social Security spousal or widow(er) benefits for people who receive “non-covered pensions. ” The Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) reduced Social Security for recipients of pensions from non-Social Security-covered government jobs. They were supposed to reduce inequality, but these rules substantially restricted benefits for public servants, such as: WEP: Reduced Social Security payments to those receiving a government pension who had worked in in jobs where no social security was paid and/or received income from nono-covered pension schemes. It affected about 2 million people, among them retirees from the Civil Service Retirement System (CSRS). GPO: Spouses of those affected and surviving spouses affected. A New Era for Public Officials and Outsiders Repealing WEP AND GPO changes the lives of millions of Americans and even some non-residents too. WEP often impacted non-residents who are eligible for U. S. Social Security benefits but also have pensions from non-covered work in their country of residency. This meant that their Social Security benefits were cut under WEP. By eliminating WEP, these individuals and spouses will now be able to retire with the benefits they had without the reduction that was associated with their non-U. S. pensions. “The bill I’m signing today is about a simple proposition: Americans who have worked hard all their lives to earn an honest living should be able to retire with economic security and dignity,” said President Biden during the signing ceremony at the White House. The Fiscal Cost of Repeal Estimates by the Congressional Budget Office (CBO): Waiving WEP will raise monthly average Social Security benefits by $360 for affected individuals by December 2025. Restoring GPO will increase monthly payments by $700 for affected spouses and $1,190 for surviving spouses on average by the same amount. These benefits will rise as cost of living increases (COLAs) are made each year. Importantly, payments for affected individuals will be backdated to January 2024. The Social Security Administration is due to announce the operation of the law soon with more details published at https://www. ssa. gov/benefits/retirement/social-security-fairness-act. html Challenges and Criticism The repeal has been widely cheered, but some also warn that it will speed Social Security into financial struggles. The Committee for a Responsible Federal Budget estimates that repeal would cost close to $200 billion over 10 years, increase Social Security costs by approximately 1%, and move the program’s insolvency date forward by six months. Some had proposed modifications, instead of a repeal, to fix WEP and GPO’s injustices without putting additional financial pressure on Social Security. WEP and GPO What’s Next? In the eyes of those affected, the Social Security Fairness Act's passage represents a long awaited victory. With the Social Security Administration ready to roll out the new changes, affected retirees and beneficiaries (including non-residents with dual pensions) should monitor agency websites for updates. If you want to understand what these adjustments mean for you as a non-resident who worked in the USA, a financial advisor chat could be beneficial, especially if you have additional US Pensions. Timing of the changes? Retroactive Benefits: SSA will issue one-time retroactive payments covering the increase in benefits back to January 2024. These payments will be deposited by the end of March 2025. Higher Monthly Payments: The new increased benefit amount will start from the March 2025 benefit, which is paid in April 2025. Notices from SSA: Beneficiaries will receive mailed notices explaining the adjustments. Some may receive two notices—one for WEP/GPO removal and another for the adjusted monthly benefit. When to Contact SSA? Wait until April to ask about the retroactive payment. Wait until after receiving April’s payment before inquiring about the new monthly amount. Lessons for Non-Resident Retirees The repeal of WEP and GPO underscores the importance of staying informed about changes in retirement benefits. That's difficult with life, full-time jobs, and family, so support the reason to use a competent and informed financial adviser. If you’re a non-resident who meets U. S. Social Security requirements to receive an income, now is the time to: Look At Your US Social Security Benefits: Compare what the repeal would mean for your Social Security benefits. Think Early: Now is the time to restructure your retirement savings for a better tomorrow. Quickly Seek Expert Advice: Talk to a financial advisor about the implications of these changes on your long-term financial plan. We are a specialist firm working with non-resident Americans or those who have worked in the USA to help them understand their financial options with US Pensions and other assets. Contact us to get your retirement plan on the same page with this new law. --- > How the 60% tax trap + pension taper relief impacts £100k+ earners, reducing personal allowance and increasing tax bills. Tips to manage effectively. - Published: 2024-11-20 - Modified: 2025-03-26 - URL: https://edale.co/high-earners-dilema-avoiding-income-tax-traps/ - Categories: News Professionals accelerating up the corporate ladder or high earners face complications as their incomes break through different thresholds. A pair of rules where you earn two pounds and lose a pound creates a real dilemma for people who want to plan their long-term futures. Known as the "60% Tax Trap" and "Taper Tax". . We have a range of clients that will face the complications below in the coming years or at present. So, we want to highlight the financial considerations for your savings and retirement plans. For dual citizens, the UK tax and saving landscape can be different from what they've seen previously in their home market. Whilst the effective tax trap and taper reduction may affect only a small majority of people but it can have severe impacts for their long-term financial planning. One solution is to use a Lifetime ISA to get bonuses and use this vehicle as an alternative savings vehicle. What is the 60% tax trap, and how does it work? The tapering of the personal allowance means someone earning between £100,000 and £125,140 faces an effective 60% tax rate on that portion of their income. Tax implications of earning over £100K? Taper relief (or the personal allowance taper) affects taxpayers on incomes over £100,000 and cuts the tax-free personal allowance over time.  It’s a very important thing for high earners — particularly the folks who want to maximise take-home pay and keep their taxes in check.  What taper relief is, who it impacts, and how to live with it. What Is Taper Relief? Personal Allowance: This is how much you get tax-free; currently £12,570 (2024/25 tax year). Tapering: Each £2 earned over £100,000 £1 is reduced to your individual allowance.  Until the allowance is fully wiped out on incomes of £125,140. Effective Tax Rate: This tapering leaves a marginal tax rate of 60% on incomes from £100,000 to £125,140.  This is because £20 of the personal allowance is removed for every £100 of income, plus the £40 income tax in this bracket. a total effective tax rate of 60%. Who Benefits from Taper Relief? Taper relief impacts those with income of more than £100,000. It's especially true for professionals, business owners and people on high, variable incomes who may forget to put a strategy when earning over £100,000 mark and activate the taper. Practical Example of Taper Relief Example: Income of £110,000 Profit After Fees: £110,000 - £100,000 = £10,000. Reduction in Personal Allowance: £10,000 / 2 = £5,000. New Personal Allowance: £12,570 - £5,000 = £7,570. This means £5,000 more income is now 40% taxed – a total of £2,000 more on the tax bill. When you make £125,140 and above, the entire personal allowance goes, with no tax at all payable. How to Handle Taper Relief Impact? Pension Contributions: Contributions to a pension are tax-deferred.  Salary sacrifices or personal pensions contributions will if bringing your income below £100,000 can be used to reinstate the personal allowance. Gift Aid Donations: Gift Aid donations to registered charities are reduced in taxable income too, and could mitigate tapering. Why Is Taper Relief Significant? With the elimination of the personal allowance, you can end up paying more taxes than you planned, and it can affect disposable income and budgeting.  Awareness and management can limit its effects. Key Takeaway High earners should take stock of their income and tax situation and make pension contributions or invest in LISAs to avoid taper relief.  Only financial counsel can make sure that you’re getting the best possible solution for your specific situation. By learning and utilising taper relief, you can lessen its effects and keep more of your hard-earned money. Effective tax rate calculator. Are you in the 60% trap? Edale Tax Trap Calculator shows how much tax you could be paying when earning over £100,000. Using strategies like pension contributions through salary sacrifice, making additional voluntary contributions or paying into a personal pension can keep more of your money rather than paying to the taxman. Effective 60% Tax Rate Calculator Effective 60% Tax Rate Calculator See how your income is taxed due to the tapering of the personal allowance. For every £100 of income between £100,000 and £125,140, you take home only £40: £40 is deducted in Income Tax, and £20 is lost from the tapering of the personal allowance. Income (£): £90,000 Results: Income: £90,000 Personal Allowance: £12,570 Taxable Income: £77,430 Tax from 40% Rate: £0 Tax from Personal Allowance Loss: £0 Extra tax on Earnings over £100,000: £0 Effective Tax Rate on Income Over £100,000: 0% const personalAllowance = 12570; const taperThreshold = 100000; const allowanceReductionLimit = 125140; function calculateTax(income) { // Adjust personal allowance let adjustedAllowance = personalAllowance; let lostAllowance = 0; if (income > taperThreshold) { lostAllowance = Math. min((income - taperThreshold) /2, personalAllowance); adjustedAllowance -= lostAllowance; if (adjustedAllowance < 0) adjustedAllowance = 0; } // Tax bands and rates const basicRateLimit = 50270; const higherRate = 0. 4; const basicRate = 1; // Taxable income const taxableIncome = income - adjustedAllowance; // Tax calculations let taxFrom40 = 0; let taxFromAllowanceLoss = 0; if (income > taperThreshold && income allowanceReductionLimit) { taxFrom40 = (allowanceReductionLimit - taperThreshold) * higherRate; taxFromAllowanceLoss = (personalAllowance - adjustedAllowance)*0. 4; } const totalTax = taxFrom40 + taxFromAllowanceLoss; const effectiveRate = (totalTax / (income - 100000)) * 100; return { adjustedAllowance: adjustedAllowance. toFixed(2), taxableIncome: taxableIncome. toFixed(2), taxFrom40: taxFrom40. toFixed(2), taxFromAllowanceLoss: taxFromAllowanceLoss. toFixed(2), totalTax: totalTax. toFixed(2), effectiveRate: effectiveRate. toFixed(2), }; } function updateResults { const incomeSlider = document. getElementById("income-slider"); const incomeDisplay = document. getElementById("income-display"); const resultIncome = document. getElementById("result-income"); const resultAllowance = document. getElementById("result-allowance"); const resultTaxableIncome = document. getElementById("result-taxable-income"); const result40Tax = document. getElementById("result-40tax"); const resultPaLoss = document. getElementById("result-pa-loss"); const resultTotalTax = document. getElementById("result-total-tax"); const resultEffectiveRate = document. getElementById("result-effective-rate"); const income = parseFloat(incomeSlider. value); const results = calculateTax(income); // Update the display incomeDisplay. textContent = `£${income. toLocaleString}`; resultIncome. textContent = `£${income. toLocaleString}`; resultAllowance. textContent = `£${results. adjustedAllowance}`; resultTaxableIncome. textContent = `£${results. taxableIncome}`; result40Tax. textContent = `£${results. taxFrom40}`; resultPaLoss. textContent = `£${results. taxFromAllowanceLoss}`; resultTotalTax. textContent = `£${results. totalTax}`; resultEffectiveRate. textContent = `${results. effectiveRate}%`; } // Initialize the results on page load updateResults; Reduced pension allowance for higher earners The taper, as it’s also known, limits the amount of money that top earners – defined here as those earning more than £260,000 a year – can pay into a pension every year, and be exempt from tax.  The taper is not a major problem for everyone but it is a real pain when people are confined by it. The reduction in the annual allowance is a huge issue for those on high incomes trying to pay into pensions.  It reduces the maximum annual pension savings allowance for those on adjusted incomes over £260,000 and threshold incomes over £200,000 (from tax year 2023/24). so, what it is, who it effects, and how to deal with it. What Is the Tapered Annual Allowance? Average Annual Allowance: £60,000 (amount you can save into a pension free of tax every year). Tapering: With an adjusted income of over £260,000, your allowance is reduced by £1 per £2 over £260,000. Minimum Allowance: The allowance decreases to a minimum of £10,000 when adjusted income exceeds £360,000. This has increased from £4,000 2020-2023. Key Definitions: Adjusted Income vs.  Threshold Income Threshold Income: Represents all taxable income (eg: salary, rent, dividends). Excludes personal pension contributions under the Net pay arrangement. This means your contributions are taken from your pay before your wages are taxed. Removes items like taxed death benefit received. Adjusted Income: Includes all taxable income. Adds in employer pension (and salary sacrifice contributions after July 2015). Deducts taxed death benefits. Practical Example of Tapering: Example: Adjusted Income of £300,000 Excess earnings beyond £260,000: £40,000. Limitation of allowance: £40,000 / 2 = £20,000. New annual allowance: £60,000 - £20,000 = £40,000. What If Income Exceeds £360,000? It is £10,000 per year, no matter how much more the earnings exceed £360,00. This is the floor amount. Effect and Approaches to Managing Tapering Reduction Earners could be subject to sudden taxation if they contribute more than their tapered allowance. Any additional contributions will be subject to individual tax at the marginal rate. Strategies: Carry Forward Unused Allowance: Use unused allowances from the last three years if you’ve been in a pension scheme during that time. Note: Tapering is retrospective, so the amount not claimed is the lower allowance. Optimise Contributions: Make sure contributions are not over the tapered amount. Use Lifetime ISA allowance: For individuals on taper relief, a LISA offers an effective way to diversify savings, benefit from a government bonus, and achieve long-term growth. This doesn't replace the tax advantages of a pension, it complements retirement planning by adding flexibility and tax-free benefits, especially faced with pension payment restrictions. Benefits of financial advice The rules are a bit nitty, so get individual advice if your income is above £200,000. The cap on the annual allowance means that high earners get less pension tax relief. The rules are complex, but understanding adjusted and threshold income rules, carry-forwards, and planning ahead can mitigate the impact. If you need professional help to understand these complex regulations and maximise your pension contributions, find a professional advisor. Edale can assist with this. --- > Explore UK and US tax views on ISAs, pensions, IRAs, PFICs, and Non-Reporting Funds for expats. Understand cross-border tax views through a simple lens. - Published: 2024-11-05 - Modified: 2024-11-05 - URL: https://edale.co/a-tale-of-two-taxmen-how-the-uk-and-us-view-tax-wrappers/ - Categories: News Picture a street of rainbow-coloured houses. On one side of the road is a British tax inspector with one rulebook; on the other side of the street an American tax inspector with another rulebook. Each house in the street represents an investment product or ‘tax wrapper’. Each tax inspector's has different rules so looks at each house differently. Each house is assessed differently, what’s inside each house – how it’s taxed – is different whether its the UK and US taxmen looking in. Let’s see how they’d approach the assessment of each different coloured houses. Thinking of tax wrappers as houses make visualising how different tax rules apply easier. If you need financial advice on navigating the UK and US tax systems, professional guidance can be invaluable in maximising the advantages of each side of the street! Hector the Tax Inspector A bowler-hatted tax inspector named ‘Hector the Tax Inspector’ stood as the British archetype in a series of adverts from the 1990s published by the UK tax authority, Her Majesty’s Revenue and Customs. The character was used to encourage people to file their tax returns on time and pay their taxes correctly. Hector became a well-known figure during that era, representing the taxman in the UK. The UK Tax Inspector’s View Hector, the Tax Inspector in Britain, thinks of tax wrappers in terms of capital gains and income tax.  Basically, it is about taxing your savings and investments, like your ISAs and pensions. The ISA House Tax View: Tax-Free Haven UK Context: This house is an ISA (Individual Savings Account).  Whatever wealth (stocks, cash or bonds) you hold inside this house, it can grow without capital gains or income tax from the HMRC.  From the moment you invest your savings here, they are not for anything done inside the house and if if you don’t move out of the house the gains and income are withdrawn tax free in the UK. However, Non-Reporting Funds (offshore funds not registered with HMRC) can complicate things for UK taxpayers, as gains from these are taxed as income rather than capital gains, even when held in an ISA. Tax Treatment of Income: No tax on interest or dividends in the ISA. Taxation on Capital Gains: There is no capital gains tax payable on the gains generated inside the ISA or when cash is moved out of the ISA. The UK Pension House Tax View: Ringfenced until old age. UK Setting: Pensions in the UK, corporate or private, are more nuanced.  Hector isn’t taxing the money you give to this house immediately.  But when the house reaches an age and pays out, he will start collecting income tax.  All withdrawals are taxable income, but 25% can be withdrawn as tax-free cash. A workplace pension is the 401k UK equivalent. Tax Rates on Income: Withdrawals are considered income (except the 25% tax-free lump sum). Capital Gains Taxes: Gains inside the pension increase without paying tax until you start taking money out. The General Investment Account (GIA) House Tax View: Taxable with Special Rules for Non-Reporting Funds UK Context: A General Investment Account (GIA) offers fewer tax benefits, as any income or capital gains within this account are taxed annually. However, Non-Reporting Funds pose a particular challenge here. Gains from Non-Reporting Funds are not treated as capital gains but instead as income, which is typically taxed at a higher rate. How Income is Taxed: Dividends and interest are taxed annually. The US Tax Inspector’s View The American tax inspector at the other end of the street looks at the houses differently.  And it’s also about income and capital gains tax in the US, through the lens of tax-deferred vs. tax-free growth in things such as IRAs and 401(k) plans. The Traditional IRA House Tax View: Deferred Until Retirement US History: To the US inspector, a Traditional IRA (Individual Retirement Account) is the UK pension house.  You can pay in taxes if you buy the house but Uncle Sam will come calling once you start drawing down in retirement.  They are taxed as ordinary income when you withdraw the money, and growth in the IRA isn’t taxed until then. Fortunately for US investors, PFICs held within IRAs are generally not subject to punitive PFIC rules, as IRAs are shielded from certain reporting requirements. However, this benefit is limited to qualified retirement accounts like IRAs and 401(k)s. Taxes On Income: Taxed on cash out as regular income. Tax Rates for Capital Gains: No tax due at the time of withdrawal. The Roth IRA House Tax View: Tax-Free Growth Forever. The US Perspective: The Roth IRA is an outlier in the US tax code.  The inspector knows that payments are taxed up front, but once in the bank growth and later withdrawals are tax free.  For the US tax collector, this house is a home from which both income and capital gains tax are exempt. What is the Taxation on The Income: There is no Tax on withdrawal. Tax Treatment of Capital Gains: There is no capital gains tax on investments in the Roth IRA. The 401(k) House Tax Perspective: Invested like an IRA. Deferred Like An IRA. US Overview: Just like the Traditional IRA, the 401(k) is a tax-deferred retirement plan.  Contributions lower your income today, but withdrawals in retirement get treated as ordinary income.  You can also get growth inside the 401(k) deferred, which is to say you don’t pay tax until you withdraw the money. Taxation on Income: Taxed like other income in retirement. Taxation on Capital Gains: None inside the wrapper its just taxed as you take proceeds that are considered income. PFICs and Non-Reporting Funds: What are they? PFICs and Non-Reporting Funds are similar: they are non-compliant investment vehicles from the tax inspectors' perspective, so they are punitively taxed. Potential benefit for income and growth taxes can be lost by holding these assets. They can also severely hinder UK/US holders as a result in complicated reporting requirements. Let’s explain them country-by-country: PFICs (Passive Foreign Investment Companies) US view: Non-US mutual funds, ETFs, some foreign passive income companies are PFICs. They are taxed to discourage US investors from investing outside of transparent US based investment vehicles. Income from PFICs is treated as regular income but deferred gains carry an interest surcharge. UK Consequences: If you live in the UK and have US investments, PFICs don’t generally attract special UK taxation due to their PFIC status its the non-reporting fund implications that are important from the UK perspective. Non-Reporting Funds UK View: Non-Reporting Funds are offshore funds that don’t send HMRC the income and gains (so generally will end up in the tax bracket of income instead of capital gains). Non-Reporting Funds can influence ISA tax treatment and are avoided in UK pensions as they are tax inefficient. US Impact: Non-Reporting Funds can be seen as being the same type of fund as PFICs by US tax inspectors, and so may raise double taxation problems for UK people with US assets. Houses viewed differently by US and UK tax authorities Visualizing how different tax rules operate is easier if you imagine tax wrappers as houses.  If you want some guidance on the UK and US taxation regime, professional advice can be life-saving if you want to get the most out of both sides of the street! The UK and US tax inspectors look at the same road of money but they rate the houses differently.  If you live with one foot in both worlds, you better prepare yourself. Reading up on tax treaties and how to guides is good idea but to make the most of akk theses houses’ for life as a dual citizen a helping hand can be helpful.  Whether getting a ISA house, UK pension, IRA or 401(k), learning the differences is key to being on the right side of the tax man (whichever side of the road you find yourself). Cross-Border Financial Planning If you’re a dual citizen or expatriate navigating the streets of both the UK and the US, you may own houses on both sides of the street. In such cases, understanding how each tax authority views these houses is critical to optimising your savings and minimising your tax burden. The rules of what you can hold and in what wrappers is important. For example: ISAs might be tax-free in the UK, but the US tax inspector doesn’t see them that way. To him, the growth and income inside an ISA could be subject to tax. There are also rules to ensure the right assets are held in the house, the UK Authorities have US retirement accounts like IRAs or 401(k)s have special tax advantages in the US, but may not enjoy the same benefits under UK tax law. Managing your investment houses is more than managing finances. Beyond the immediate, there can be a great deal more to the world of money, with tax brackets changing, retirement plans developing, and opportunities for investments taking place well into the future. That’s where a financial adviser comes in: an insider, with "binoculars" on the horizon, seeing ahead and planning for you. Day-to-day finances, you can take care of it, but the financial advisor brings experience and savvy to safeguard your long-term ambitions, so every move today is aligned with a future that mapped out to help you get there. --- - Published: 2024-09-06 - Modified: 2024-09-06 - URL: https://edale.co/actions-on-beneficiaries-for-brite-adviser-liquidation/ - Categories: News New documents published by Mcgrathnicol linked to the liquidation of Brite Advisors Pty Ltd (these are listed below) begin to outline some actions that beneficiaries will soon have to complete. To provide some guidance on what a beneficiary should expect, we have attempted to summarise the documents. Court Order dated 2 September 2024: This document contains a court order related to the liquidation and asset distribution framework for Brite Advisors Pty Ltd. It outlines the process for verifying beneficiaries' identities, calculating entitlements, and the hearing schedule for distribution. Update to Trustees and Beneficiaries – 28 August 2024: This update provides information about the ongoing court proceedings, including recent court orders, the receivers' actions, and frequently asked questions regarding the distribution of assets held by Brite Advisors . Update to Trustees and Beneficiaries – 5 September 2024: This is another update to trustees and beneficiaries that discusses the court orders from 2 September 2024 and provides details on the explanatory memorandum, identity verification, and calculation of beneficiaries' entitlements . Eleventh Affidavit of Linda Methven Smith affirmed on 30 August 2024: This affidavit was filed in relation to the Brite Advisors liquidation proceedings. It supports the court’s decisions regarding the distribution framework, identity verification of beneficiaries, and pension withdrawal protocols. From the documents provided, beneficiaries have several essential responsibilities and actions that they need to take, particularly concerning the distribution of assets held by Brite Advisors. Below are the most important things beneficiaries need to be aware of and the actions they must take: 1. Identity Verification Beneficiaries will be required to verify their identities before accessing information about their entitlements. This process involves engaging in an "Identity Proofing" process, which may involve working with a third-party contractor to verify identities . Typically, identification standards will require a photo ID and Proof of Address. As Brite Advisors Pty were formed in Australia, and the Reciever is based in Australia, they are likely to follow local market standards for identification. The Attorney-General's Department of the Australian Government published National Identity Proofing Guidelines 2014 (updated in Aug 2023) that provide an outline of the acceptable documents for identification. For example, on page 28 there is a list of the primary evidence to link a person and a claimed identity: Australian passport (including Ordinary, Frequent traveller, Diplomatic, Official and Emergency) Foreign passport41 1 Primary Australian driver's licence DIBP ImmiCard If no other primary evidence types are available to establish linkage: Australian government issued proof of age card/photo card2 If no other primary evidence types available to establish linkage: Australian secondary student identity document (issued by a government agency or Australian school only) (only for applicants aged under 18 years) Action: Beneficiaries must complete the identity verification process before they can proceed with reviewing their entitlement details via the web-based portal. 2. Review and Confirmation of Valuation Notices Beneficiaries will receive a Valuation Notice outlining the value of their assets held as of 13 December 2023. This value does not represent the exact amount they will receive but will be used as a reference point for distribution. If beneficiaries have not completed the Identity Proofing by the time their Valuation Notice is ready, the Receivers can grant an extension of up to 7 days to complete this process . Once the identity proofing is complete, the beneficiary is regarded as receiving the valuation notice. During this time, they must log into the Beneficiary Portal, review the notice, and either accept the valuation or raise a dispute if they believe the value is incorrect Action: Beneficiaries are required to log in to the Beneficiary Portal, review their Valuation Notice, and either confirm or dispute the value of their entitlements. If there is a dispute, beneficiaries need to provide reasons and supporting documentation to substantiate their claims . 3. Disputes Over Entitlement Values If a beneficiary disputes the value listed in their Valuation Notice, they must notify the receivers within 21 days and provide supporting evidence for their position. If no dispute is raised within this period, the Receivers will consider the Valuation Notice as accepted. If a dispute is raised and supporting documentation is provided, the Receivers will assess whether the dispute is well-founded. If the dispute is not well-supported, beneficiaries will be given an additional 21 days to provide further information or documentation. Failing this, the Receivers may dismiss the dispute. Action: If the value is disputed, beneficiaries must engage with the Receivers, providing necessary documentation, and may need to apply to the court if the issue cannot be resolved amicably. Steps and timescales for Identify Proofing and Valuation Notices StepAction by BeneficiaryTimeframeIssuance of Valuation NoticeReceive Valuation Notice via secure portal after completing identity verification. Upon completion of identity verification21-Day Confirmation/Dispute PeriodReview the Valuation Notice and either confirm or dispute the value. 21 days from receiving the Valuation NoticeConfirmation of ValuationIf confirmed, no further action is required. Within the 21-day periodDispute Raised within 21 DaysSubmit dispute with reasons and supporting documents via the Beneficiary Portal. Within the 21-day periodReceivers Assess DisputeReceivers review and assess the validity of the dispute. Immediately after the dispute is raisedAdditional Documentation Requested by Receivers (if needed)If dispute is not well-supported, the Receivers may request more information. If the dispute lacks sufficient documentation21 Days to Provide Additional DocumentationSubmit additional documentation to support the dispute. 21 days from the request for additional documentationReceivers Final Decision on DisputeReceivers make a final decision; if dispute is accepted, the valuation may be adjusted. After the final review by ReceiversApply to Court (if dispute unresolved)If unsatisfied with the final decision, apply to the Court within 21 days. 21 days from receiving the final decision Valuation Notice Process Guide This simple interactive tool is designed to guide beneficiaries through the process of confirming or disputing their Valuation Notices in relation to a financial trust or liquidation process. The tool walks you through key steps and decision points, helping you understand your options at each stage. How to Use the Tool: Answer "Yes" or "No" to Each Question: Simply respond to the questions that appear based on your current situation. Follow the Process: Depending on your answers, the tool will guide you through the steps, including: Completing identity proofing. Confirming or disputing the Valuation Notice. Submitting additional documentation if needed. Deciding whether to apply to the court if you're unsatisfied with the outcome. Restart if Needed: You can restart the process at any time by clicking the "Start Over" button to return to the first question. This tool is designed to simplify the complex process of managing disputes related to financial distributions, providing you with clear guidance and ensuring you don't miss any important deadlines. Valuation Notice Process Guide Have you completed Identity Proofing? Yes No Start Over let currentStep = 1; function nextStep(answer) { if (currentStep === 1) { if (answer === 'yes') { document. getElementById('step-text'). innerText = 'Have you received the Valuation Notice? '; currentStep++; } else { document. getElementById('result-text'). innerText = 'Please complete the Identity Proofing before proceeding. '; showResult; } } else if (currentStep === 2) { if (answer === 'yes') { document. getElementById('step-text'). innerText = 'Do you agree with the valuation? '; currentStep++; } else { document. getElementById('result-text'). innerText = 'Please wait to receive your Valuation Notice before proceeding. '; showResult; } } else if (currentStep === 3) { if (answer === 'yes') { document. getElementById('result-text'). innerText = 'No further action is required. You have confirmed the valuation. '; showResult; } else { document. getElementById('step-text'). innerText = 'Do you want to dispute the valuation within 21 days? '; currentStep++; } } else if (currentStep === 4) { if (answer === 'yes') { document. getElementById('step-text'). innerText = 'Have you provided supporting documents for your dispute? '; currentStep++; } else { document. getElementById('result-text'). innerText = 'Your dispute required evidence within 21 days and is likely to be rejected. '; showResult; } } else if (currentStep === 5) { if (answer === 'yes') { document. getElementById('step-text'). innerText = 'Do the Receivers require additional documentation? '; currentStep++; } else { document. getElementById('result-text'). innerText = 'Receivers will make a decision based on the current information provided. '; showFinalDecisionOption; } } else if (currentStep === 6) { if (answer === 'yes') { document. getElementById('step-text'). innerText = 'Have you provided the additional documentation within 21 days? '; currentStep++; } else { document. getElementById('result-text'). innerText = 'Receivers will make a decision based on the current information provided. '; showFinalDecisionOption; } } else if (currentStep === 7) { if (answer === 'yes') { document. getElementById('step-text'). innerText = 'Receivers are now reviewing the dispute with the new information. Await their final decision. '; currentStep++; } else { document. getElementById('result-text'). innerText = 'You must provide the additional documentation within 21 days, or your dispute may be rejected. '; showResult; } } else if (currentStep === 8) { document. getElementById('step-text'). innerText = 'Are you satisfied with the final decision from the Receivers? '; currentStep++; } else if (currentStep === 9) { if (answer === 'yes') { document. getElementById('result-text'). innerText = 'Dispute is resolved. No further action is required. '; showResult; } else { document. getElementById('step-text'). innerText = 'Would you like to apply to the court within 21 days? '; currentStep++; } } else if (currentStep === 10) { if (answer === 'yes') { document. getElementById('result-text'). innerText = 'Apply to the court within 21 days to dispute the Receivers’ final decision. '; showResult; } else { document. getElementById('result-text'). innerText = 'You have chosen not to apply to the court. The Receivers’ decision will stand. '; showResult; } } } function showResult { document. getElementById('step-container'). style. display = 'none'; document. getElementById('yes-button'). style. display = 'none'; document. getElementById('no-button'). style. display = 'none'; document. getElementById('result-container'). style. display = 'block'; document. getElementById('restart-button'). style. display = 'inline-block'; } function showFinalDecisionOption { document. getElementById('step-text'). innerText = 'Are you satisfied with the Receivers’ decision based on the current information or additional documentation? '; currentStep = 8; // Ensure the flow continues from the satisfaction check document. getElementById('result-container'). style. display = 'none'; document. getElementById('step-container'). style. display = 'block'; document. getElementById('yes-button'). style. display = 'inline-block'; document. getElementById('no-button'). style. display = 'inline-block'; } function restartProcess { currentStep = 1; document. getElementById('step-text'). innerText = 'Have you completed Identity Proofing? '; document. getElementById('step-container'). style. display = 'block'; document. getElementById('yes-button'). style. display = 'inline-block'; document. getElementById('no-button'). style. display = 'inline-block'; document. getElementById('result-container'). style. display = 'none'; document. getElementById('restart-button'). style. display = 'none'; } Risk warning: This is not advice and is purely a guide to different situations and for information purposes. It should not be relied upon as an authoritative source. Professional advice is recommended. 4. Pension Withdrawals The court has increased the cap on regular pension withdrawals from 30% to 50% of a beneficiary’s investments as of December 2023. Action: Beneficiaries who rely on pension payments for living expenses must ensure that their requests are submitted correctly through the appropriate channels, as per the guidance from the Receivers. 5. Consultation Period and Feedback Once the explanatory memorandum is distributed, beneficiaries will be given a period for consultation, where they can provide feedback or raise concerns about the proposed distribution methodology . Action: Beneficiaries should actively participate in the consultation process if they have concerns or feedback on the proposed distribution plan. This is part of a series of articles on the liquidation of Brite Advisers Pty --- > Fireside reflections on possible UK Inheritance and Capital Gains Tax changes for 2024 budget, illustrating their impact on personal finances. - Published: 2024-08-28 - Modified: 2024-08-28 - URL: https://edale.co/what-could-some-of-the-budget-changes-be-in-oct-2024/ - Categories: Expat financial advice, us uk financial advisor - Tags: investment advice Labour's first budget warns of pain ahead, so here is an outline of the current inheritance tax and capital gains tax regimes that are under the spotlight With the Labour government's first budget looming after we return from summer holiday's there is much speculation (and dread) about the government’s long-promised tax reforms. Speaches of pain and manifesto promise to not increase income taxes, national insurance and corporation tax leave inheritance tax and capital gains tax in the spotlight. So whats the position from a personal financial planning perspective. When is the 2024 budget? The first budget speech of Britain’s new Labour government is supposed to be on 30 October 2024. As is customary, it will happen in the afternoon after other business in the House of Commons has finished, which is usually after 3:00 PM. Below is a countdown to the next budget announcements. Budget Countdown Countdown to Budget Announcement // Set the date we're counting down to const countDownDate = new Date("Oct 30, 2024 15:00:00"). getTime; // Update the count down every 1 second const x = setInterval(function { // Get today's date and time const now = new Date. getTime; // Find the distance between now and the count down date const distance = countDownDate - now; // Time calculations for days, hours, minutes and seconds const days = Math. floor(distance / (1000 * 60 * 60 * 24)); const hours = Math. floor((distance % (1000 * 60 * 60 * 24)) / (1000 * 60 * 60)); const minutes = Math. floor((distance % (1000 * 60 * 60)) / (1000 * 60)); const seconds = Math. floor((distance % (1000 * 60)) / 1000); // Display the result in the element with if (distance > 0) { document. getElementById("countdown"). innerHTML = days + "d " + hours + "h " + minutes + "m " + seconds + "s "; } else { // If the countdown is over, calculate days since the event const daysSince = Math. floor((now - countDownDate) / (1000 * 60 * 60 * 24)); document. getElementById("countdown"). innerHTML = "Budget announced " + daysSince + " days ago"; } }, 1000); Current Inheritance Tax and Capital Gain Tax rules The following information relates to the tax year 2024/25 in respect of the UK. Capital Gains Tax (CGT) Annual Exempt Amount: The Tory government reduced the annual exempt amount for individuals to £3,000 (down from £6,000 in 2023/2024). Trustees and personal representatives have a lower exemption of £1,500. CGT Rates: For individuals, the CGT rate is 10% on gains within the basic rate income tax band, and 20% for gains above this band. Gains on residential property are taxed at higher rates: 18% for basic-rate taxpayers and 24% for higher-rate taxpayers. Trustees and personal representatives generally pay 20%, with residential property gains taxed at 24%. Inheritance Tax (IHT) Thresholds: The standard IHT threshold is £325,000. This means that if the value of an estate is below this threshold, no IHT is due. The threshold can increase to £500,000 if the estate includes a home that is passed on to direct descendants (children or grandchildren). IHT Rate: The standard rate of IHT is 40%, applied to the value of the estate above the threshold. A reduced rate of 36% applies if at least 10% of the estate's net value is left to charity. Gift Rules: Gifts made more than 7 years before death are usually exempt from IHT. Gifts made within 7 years of death may be subject to taper relief, reducing the tax rate on the gift over time. So what can change in the budget? Since mainstream taxes such as income tax, National Insurance, and corporation tax are ring-fenced from increases, the government will focus on other potential sources of additional revenue. Lowering the Exemption Thresholds Inheritance Tax (IHT) The inheritance tax threshold is £325,000 with an additional threshold for family home that can bump this up to £500,000. Lowering these thresholds would mean that more estates have to pay IHT and, in turn, more tax revenues for the treasury. Reducing the Capital Gains Tax (CGT) threshold In the 2024/2025 tax year, the annual exempt amount was cut to £3,000 for individuals. Setting this threshold even lower would see more people having to pay CGT on their investment profits, generating more revenues. There is a compliance balance as further reductions could create a onus on tax completion. The current Increasing Tax Rates on capital and inheritence Increase the rate of CGT. For example, boosting CGT rates up to income tax rates (45% for the higher earners) would provide a big boost to tax revenue from capital gains. Increased IHT Rate Currently, when someone dies, the Inheritance Tax rate is 40 per cent. However, raising this overall rate could help raise not only additional funds for the government, but also the stakes of trying to avoid paying the tax. Alternative option: a higher rate for estates over a chosen threshold such as 45 per cent or 50 per cent on the portion of a value above the threshold. Reducing or Removing Reliefs and Exemptions Business Relief and Agricultural Relief: Some business and agricultural assets can currently be passed on without IHT, or with reduced IHT. Taper relief: Currently, tax on gifts made up to seven years before death is reduced under taper relief for IHT purposes. This could be scrapped or reduced if the Government is looking to raise additional revenue. Expanding the Scope of Taxable Events CGT on Principal Residences Capital gains tax (CGT) earned from selling your primary residence is currently tax-free. Placing a cap on that exemption (for example, the first £500,000 of gain is tax-free) will capture additional tax revenue. New wealth tax: Politically tricky, but a wealth tax (taxing individuals annually on their net worth above a certain level) would be a major new source of revenue. Introducing New Taxes Second Home and Investment Property Surcharge: An additional tax (perhaps at the time of sale – higher CGT; or annually – as part of council tax or a new levy) could be levied on second homes or investment properties. Closing Loopholes It could target estate planning arrangements aimed at mitigating IHT. For example, tightening rules around trusts and offshore assets could prevent avoidance and increase tax revenue. Restrictions could also be placed on offshore divestments. Change to pension tax reliefs The government could explore some or all of the following practical changes to its pension tax reliefs and carry forward rules to reduce the expenses to the Treasury that arise from those who contribute extra sums to their pensions. 1. Reducing the Annual Allowance Current Situation: The annual allowance is the maximum amount of tax-relieved contributions that can be made to a pension each year. As of 2024, this is typically £60,000. Potential Change: The government could reduce the annual allowance further, perhaps back to £40,000 or lower. This would limit the amount of tax-relief that earners can claim in a single year. 2. Lowering the Lifetime Allowance Current Situation: The lifetime allowance is the maximum amount you can accumulate in your pension pots without incurring extra tax charges. Although it has been frozen or removed temporarily, it could be reinstated or lowered in the future. Potential Change: Restoring and reducing the lifetime allowance from its previous level (it was £1,073,100 before its removal) could help reduce the overall cost of pension tax relief. 3. Restricting Carry Forward Rules Current Situation: The carry-forward rule allows individuals to use any unused annual allowance from the previous three tax years, provided they were members of a pension scheme at the time. Potential Change: The government could reduce the number of years from which unused allowances can be carried forward (e. g. , reducing it from three years to one year). Alternatively, they could cap the total amount that can be carried forward. 4. Introducing a Flat-Rate Pension Tax Relief Current Situation: Tax relief on pension contributions is currently provided at the taxpayer's marginal rate of income tax (20%, 40%, or 45%). Potential Change: Moving to a flat-rate pension tax relief, such as 20% or 25% for all taxpayers, would reduce the relief available to higher earners, thereby lowering the overall cost to the government. 5. Reducing Relief for High Earners Current Situation: High earners currently benefit significantly from pension tax relief due to higher income tax rates. Potential Change: Further tapering the annual allowance for those with high incomes (currently, the allowance tapers down from £60,000 to £10,000 for those earning above £240,000) could reduce the benefits available to the highest earners. 6. Abolishing or Limiting Tax-Free Lump Sums Current Situation: Individuals can currently take up to 25% of their pension pot as a tax-free lump sum upon retirement. Potential Change: The government could reduce the percentage of the pension pot that can be taken tax-free or place a cap on the maximum amount that can be withdrawn tax-free. 7. Changes to Employer Contributions Current Situation: Employer contributions to pensions are currently exempt from National Insurance Contributions (NICs) and are tax-deductible. Potential Change: Introducing NICs on employer contributions or limiting the tax deductibility of these contributions could reduce the cost of pension tax relief to the government. --- > Advising a UK-based client complete US inheritance paperwork, clarifying financial terms, navigating IRA and annuity forms, and practical solutions. - Published: 2024-08-22 - Modified: 2024-08-22 - URL: https://edale.co/case-study-navigating-complex-us-inheritance-paperwork-for-a-uk-beneficiary/ - Categories: Casestudy, Investments, ISAs for Americans - Tags: Annuity Inheritance, Cross-Border Inheritance, Estate Planning, Financial Guidance, International Probate, IRA Inheritance, Medallion Guarantee Stamp, Notary Services UK, UK Beneficiary, US Financial Terms, US Inheritance In this case study, we provided assistance with US inheritance paperwork to the niece of a beneficiary, who had to navigate a dizzying array of unfamiliar financial terms, how to handle an individual retirement account (IRA) inheritance, and forms for inheriting a US annuity that was issued by a US Mutual. Background Information Personal/Financial Situation: The client was a UK-based relative of a UK-based beneficiary who was in charge of handling paperwork to access inheritance from deceased family member in the US. A lawyer had provided forms from the estate that were labour-intensive, using US financial terminology and procedures that were unfamiliar to the client, particularly concerning an IRA (Individual Retirement Account) based in the US, and an annuity from a US Mutual. The documents came with strict requests that the client was not aware of. Without thorough guidance, these documents could not be appropriately processed to result in a viable inheritance. The client came to Edale given our experience with US/UK citizens and financial situations. Challenges: The primary challenges included: Understanding and accurately completing the forms that contained unfamiliar US financial terminology. Navigating the requirements for an IRA inheritance and a US annuity. The need to have a Medallion Guarantee Stamp (used in certain US financial transactions) that is not normally available in the UK and which is expensive to obtain. Checking that documents were properly certified and registered and acceptable to US financial institutions. Goals and Objectives Goals: Provide clear guidance on how to complete the US inheritance paperwork. Explain the unfamiliar financial terms and processes to the client. Identify and propose alternatives to the Medallion Guarantee Stamp to avoid unnecessary expenses. Help the client obtain the licences and endorsements required to complete the inheritance. Strategy and Plan The plan to assist the client involved several key steps: Instruction on the Form Process: We instructed the client on how to fill out each step of the forms, which also involved explaining specific terms and processes that the client was unfamiliar with: It is complicated and expensive to obtain a Medallion Guarantee Stamp in the UK We informed the client that it would be very difficult and/or expensive to obtain a Medallion Guarantee Stamp in the UK and advised the client to contact the US financial institution to ask them whether they would accept notarised documents as an alternative for the stamp. The US institution agreed to accept documents notarised by a notary. Notary Help: Advice to identify a local notary. We directed the client to the database of notaries held by the Faculty Office of the Archbishop of Canterbury in England and Wales, and explained that notaries in England and Wales are specialist lawyers who can certify the documents. Certification Process: The certification process involved two parts. Notrasy stamp to witness wet signatures on the affidavits needed on the forms. As well as the Notary to stamp and confirm the identity and proof of address. Results The client was able, after a couple phone calls with us, fill out the forms on her own with our guidance. Thanks to our signposting, the client was able to use a notory as an alternative to Medallion Guarantee Stamp. She was able to use a notary, which the US financial institution accepted. Signposted to a suitable notary to get all the documents notarised in full and sent to a US lawyer, allowing for an efficient probate. Conclusion Summary: The client was helped through the maze of paperwork for US inheritance with clear instructions and practical help. She successfully navigated through the complexities of US inheritance paperwork. This case highlights the value of financial guidance and the importance of consulting with financial advisers when navigating complex international inheritance as a beneficiary. Through several focused calls, we were able to clarify confusing terminology, propose practical alternatives, and ensure that all steps were completed accurately and efficiently. The close communication and tailored advice provided through these consultations empowered the client to confidently manage the intricate paperwork and achieve a successful resolution, ultimately securing the inheritance without unnecessary stress or financial burden. --- > Timeline for distributions to Brite Advisors beneficiaries with key steps snd dates - Published: 2024-08-11 - Modified: 2024-09-06 - URL: https://edale.co/cash-distribution-plans-and-client-statements-for-brite-advisors/ - Categories: News - Tags: Brite Advisors liquidation, cross-border financial planning, investment advice With a batch of updates in the past couple of weeks, we thought an outline of what had occurred may be helpful, as lots of documents have been added to the Recievers website. Importantly, a distribution framework was submitted to the Court on 8/9th August, and we summarise what this means as it is the pathway to beneficiaries receiving cash and the ability to control their money as it is currently frozen. This is part of a series of articles on the liquidation of Brite Advisers Pty The main activities are efforts to manage Brite Advisors assets to meet client mandates, rebuilding data to allow for record-keeping reconciliations, preparing the latest court report The Receivers have been working on a distribution framework application to be filed with the Federal Court by 8 August 2024 (see more below), which aims to establish a framework and timeline for distributing the Client Assets under Management (Client AuM) held by Brite Advisors . Preparation and anticipated filing of the Receivers’ Fourth Report to the Court and proposed orders, which include the distribution framework application. Trustees' feedback through a Trustee Consultation Survey to inform the distribution methodology is pending. This was initially pencilled for June, and it's possible that Trustees may ask beneficiaries for information. Pension trust are generally setup wit them have discretionary powers on pension schemes, so they can respond directly providing opinions based on the interest of beneficiaries. The Receivers negotiated access to Brite Advisors’ Interactive Brokers accounts, which enabled the initial portfolio rebalance managed by BML Funds Management Pty Ltd (BML) as the Interim Fund Manager. This included rebalancing the Client AuM to match the investment mandate. BML Funds Management continues to monitor and manage the Brite Advisors Portfolio, ensuring compliance with the investment mandate and executing necessary trades approved by the Receivers . Regular valuation reports and performance updates are provided, including detailed weekly portfolio reports reflecting changes in portfolio value and market conditions. on the Receivers website. Efforts to resolve disputes with Interactive Brokers regarding margin loan balances, maintaining temporary cash arrangements to off-set these balances while legal challenges are ongoing. Financial statements for QROPS Beneficiaries since December 2024 actions to appoint receivers in Australia we believe valuations are being sent to beneficiaries with comments like the below because these is no client data to confirm valuations. "The accounts of Brite PTY have been frozen since 27th October 2023. All financial information has been submitted for review by McGrath Nicol, the Court appointed Receivers and Liquidators, who are still underdoing their investigations into the matter. Due to this, we are unable to provide you with any valuations and transaction histories that are verifiable as at 31/12/2023" Wording on some client statements Distribution Framework: What It Means for You As a beneficiary and member of a pension scheme, the distribution framework refers to the structured process and set of rules established by the Court and managed by the Receivers to ensure that the assets held in your pension scheme are fairly and transparently distributed to you and other members. The Receivers website has a roadmap that was updated in April (a new version may be updated shortly) (https://www. mcgrathnicol. com/brite-advisors-pty-ltd-frequently-asked-questions/). This roadmap shows the main steps, and readers can examine where the Distribution Framework sits within the overall workflow. What the Distribution Framework Looks Like for You: Initial Notification: Trustees will receive communications explaining the distribution framework and what to expect during the process. This is likely to be shared with beneficiaries. Verification of Entitlements: The Receivers will update and verify entitlements as of the specified date, likely the , ensuring the calculation is accurate and fair. Final Distribution: Once the distribution framework is finalised and approved by the Court, you will receive your portion of the assets. The distribution will be executed according to the verified entitlements, ensuring a transparent and equitable process. Main Updates: Filing of Distribution Framework Application: The Receivers have filed the distribution framework application along with the fourth report to the Court on 9 August 2024. This application seeks to establish the process and timeline for distributing the Client Assets under Management (Client AuM). Scheduled Court Hearing: The Court has scheduled the hearing for the distribution framework application on 21 August 2024 at 9:30 AM (Australian Western Standard Time) / 11:00 AM (Australian Central Standard Time). The hearing will be livestreamed on the Federal Court of Australia's YouTube channel. Framework Application Goals: The application does not seek final orders for distribution but aims to establish a consultation period and a process for verifying beneficiary identities and entitlements. It also proposes an increase in the cap on regular pension withdrawals from 30% to 50% of a beneficiary's model portfolio value as of 9 November 2023. Proposed Orders: The Receivers are asking the Court to approve a process for identity verification, beneficiary entitlement verification, and to authorize an increase in the pension withdrawal cap. Publication of Report: The fourth report to the Court will be made available on the Receivers' website after the hearing, subject to Court approval. Indicative Timetable: Framework Application Hearing: 21 August 2024 Filing of Explanatory Memorandum Application: 23 October 2024 (63 days after the hearing) Explanatory Memorandum Application Hearing: 6 November 2024 (14 days after filing) Distribution of Explanatory Memorandum and Start of Consultation Period: 8 November 2024 (2 days after the hearing) End of Consultation Period: 17 December 2024 (39 days after distribution) Filing of Distribution Methodology Application: 15 January 2025 (29 days after the consultation period ends) Interested Parties Seek Leave to Appear: 29 January 2025 (14 days after filing) Interested Parties Leave to Appear Hearing: 5 February 2025 (7 days after seeking leave) Filing of Submissions and Evidence by Interested Parties: 19 February 2025 (14 days after leave to appear hearing) Filing of Receivers' Submissions: 5 March 2025 (14 days after Interested Parties' filings) Distribution Methodology Application Hearing: 12 March 2025 (7 days after Receivers' filings) Court Judgment on Distribution Methodology Application: Date dependent on Court availability. Commencement of Client AuM Distribution: As soon as possible following the Court’s judgment. This timetable is indicative and may change depending on various factors, including any disputes or feedback received during the consultation process. Brite Advisor clients may get distributions for March 2025 Beneficiaries are likely to start receiving their distributions after the Court delivers its judgment on the Distribution Methodology Application, which is currently scheduled for March 12, 2025. However, the exact date will depend on several factors: Court Judgment Timing: The Court's judgment on the Distribution Methodology Application is necessary before any cash can be distributed. The timing of this judgment depends on the Court’s schedule and any issues that arise during the hearing. Implementation of the Court's Orders: After the Court delivers its judgment, the Receivers will need some time to implement the Court's orders and start the actual distribution of funds. The Receivers will begin this process "as soon as possible" following the Court's judgment, but it may take some additional weeks to process the payments, especially if there are a large number of beneficiaries or if any complexities arise. Verification and Dispute Resolution: Beneficiaries need to have completed the identity verification process and confirmed their entitlements. If there are disputes or delays in this process, it could potentially delay the distribution for those beneficiaries involved. Given this timeline, beneficiaries are likely to start receiving their cash distributions sometime in the weeks following March 12, 2025, assuming there are no significant delays in the Court’s judgment or in the implementation of the distribution process. Do I need to get a financial adviser for the Brite Advisor Assets? Now or in the future? At the time of writing any newly appointed advier cannot really add any value as the pensions are frozen. Based on the time schedule above there will be a time before. Trustees will generally require that a financial advisor, who is approved by them and with which they have entered into a service level agreement, is involved in reinvesting pension assets suitably when they are received from the Brite Advisers Receivers. Reinvesting can be either using a suitable investment platform or transferring to a new QROPS with a new service provider and then using a suitable investment platform. The role of the financial adviser is to work with the client to ensure the most suitable investment platform, pension plan provider and be clear on fees with the client. Trustee fiduciary duties and relevant regulatory requirements often mean they want clients to get advice from an independent financial adviser. Trustees will generally not provide advice and purely complete customer service duties which some clients can find complicated as simple questions can seen to get a reply where the trustee can not assist. This can be frustrating for clients but is a symptom of the role of the trustee as administrator, not a financial advisor. Having a pre-existing relationship with an approved adviser may streamline the decision-making process, ensuring that all actions taken are in the best interests of the beneficiaries while also adhering to regulatory standards set forth by authorities such as the MFSA in Malta or the GFSC in Gibraltar . Edale UK Management Limited (Our full registered company name) is available to provide expert advice on Qualifying Recognised Overseas Pension Schemes (QROPS) and is happy to engage in initial discussions without requiring a formal appointment. We recommend beneficiaries conduct their own due diligence when selecting us or another financial adviser. This includes performing thorough web searches, reviewing client testimonials, and verifying the adviser’s credentials on regulatory websites. For Edale UK Management, a check on the UK’s Financial Conduct Authority (FCA) website will confirm that we are a regulated firm and will also list the individuals within our team who are approved to provide financial advice. The expansion box below provides a sample of Expat Financial Advisor due diligence with Edale as a case study. function toggleContent { var content = document. getElementById("expansion-content"); if (content. style. display === "none" || content. style. display === "") { content. style. display = "block"; } else { content. style. display = "none"; } } Due Diligence Process for Selecting a Financial Adviser Click to View Process When considering Edale UK Management or any other financial adviser, it is essential to follow a thorough due diligence process: Web Searches: Conduct detailed web searches to find information about the adviser's reputation and expertise. Client Testimonials: Review testimonials and case studies from current or former clients to gauge satisfaction and success stories. Regulatory Check: Verify the adviser's credentials by checking the UK's Financial Conduct Authority (FCA) website. You can confirm that Edale UK Management is a regulated firm and see the individuals approved to provide financial advice. By completing these steps, you can ensure that you are making an informed decision when selecting a financial adviser. Check FCA Register On the page https://register. fca. org. uk/s/ you can enter an individual and firm to search for them. Below is a example for Edale Investments. Three firms are identified and the first is the current regulated enterprise, reference number 812332. Clicking on that link will show the regulated activities of the firm - what it is able to do and restrictions on the firm. The second and third are legacy items covering the original appointed representative Edale had for the first few years of operation before becoming directly regulated. The second listing is a legacy holding with no data showing in the listing. Clients helped 50+ Minimum wealth £0+ Can help with Expat financial planning. Meet the team L Excellent! Great advisor. Lawrie is a great advisor, he has shown us clearly and simply how financial instruments work and what options we... Lawrie is a great advisor, he has shown us clearly and simply how financial instruments work and what options we have. He has dedicated all the necessary time and has been proactive. Read more “Excellent! Great advisor. ”JonathanThank youThank you very much Lawrie for your effective diligence! MichaelGreat Service from Edale! DarrenMost helpful Knowledge and guidance offered through generosity and sincerity. Deeply appreciated blue ribbon customer service. I’m currently going through a divorce and was in desperate need of financial help and guidance. I’m a US American... I’m currently going through a divorce and was in desperate need of financial help and guidance. I’m a US American living in the UK. I was searching for someone who knows, and could give financial advice for both sides of the pond; so to speak. I also was wanting a small and personal, yet local group in Surrey. Laurie offered his time, pro bono, to help walk me through and do all the necessary math to get the information I was needing. He did this knowing I had no money to invest (or even give advice on) at that time. This is customer service at its very best. I think I almost cried when he said he could help me with that free of charge! Read more “Most helpful Knowledge and guidance offered through generosity and sincerity. Deeply appreciated blue ribbon customer service. ”StacyVery knowledgeable, great experience with EdaleI had a chat with Lawrie today. Very lovely to chat to and clearly knows his stuff. He gave me... I had a chat with Lawrie today. Very lovely to chat to and clearly knows his stuff. He gave me some good advice and I really appreciated it. Would definitely recommend him and Edale in the future. Read more “Very knowledgeable, great experience with Edale”AdamDiligent and responsive! I was visited by Lawrie Chandler in São Paulo, and shortly after I asked for his assistance with regards to... I was visited by Lawrie Chandler in São Paulo, and shortly after I asked for his assistance with regards to a divestment. He guided me through the process and assisted even after I realized that there was some problems with my request. His diligent and responsive handling helped me sort out the situation and made me feel comfortable along the process. Read more “Diligent and responsive! ”PeterI had a long conversation with Lawrie Chandler to explore the financial implications of moving my tax residency from the US to the UK. I found his knowledge of the pros and cons very helpful. Some specialists in international relocation and tax affairs who will give only a short interview and are sparing in their... Some specialists in international relocation and tax affairs who will give only a short interview and are sparing in their advice until you sign up and pay their fees. From my experience, Edale let’s you explore the many what-ifs in a friendly exchange of views and options. My instinct tells me that the company focuses on long-term relationships built on trust and mutually beneficial results. Read more “I had a long conversation with Lawrie Chandler to explore the financial implications of moving my tax residency from the US to the UK. I found his knowledge of the pros and cons very helpful. ”Markdual US/UK nationality familyLawrie invested a great... --- > A review as we enter the teenage years of being in an owner operated independent business - Published: 2024-08-03 - Modified: 2024-08-03 - URL: https://edale.co/growing-into-our-teenage-years/ - Categories: Expat financial advice, Giveback, News, Vision - Tags: investment advice Introduction to the August Reflective Series As we enter the quiet and holiday month of August, a time when many take a break from the hustle and bustle of daily work life, we find ourselves pausing to look back on our journey. It was a cold January in 2014 when our firm first opened its doors, filled with the hope and excitement of a startup. Now, as we transition into our teenage years, we are no longer a fledgling enterprise but a maturing diversified professional services business with financial advice, business advice, investment services and creative agency, having grown alongside our clients through changing markets, evolving needs, and global events. In this spirit of reflection, we are proud to present a special series of articles designed to share the lessons, insights, and stories we've gathered over the past ten years in financial advisory. This series is not just a retrospective on our firm’s growth but also a tribute to the clients we’ve had the privilege to serve—Americans navigating the UK financial landscape, young professionals climbing the career ladder, investors seeking Sharia-compliant options, and expats living across the globe and those wanting straight forward advice. Each article will delve into different aspects of our advisory practice, offering a deep dive into the unique challenges and triumphs we've experienced. We aim to provide valuable perspectives that resonate with both our clients and peers in the financial industry. These reflections are meant to inform, inspire, and perhaps even offer a few moments of nostalgia as we all take a step back to appreciate the journey so far. Join us over the next few weeks as we explore the following themes: Bridging Two Financial Worlds: Lessons from a Decade of Advising Americans in the UK Empowering the Next Generation: Our Decade-Long Commitment to Young Professionals Navigating Ethical Finance: A Decade of Sharia-Compliant Investment Advisory Global Perspectives: Ten Years of Financial Advisory for International Expats From Startup to Established Advisor: Reflecting on Our Firm’s Teenage Years We hope these articles will provide a thoughtful pause amidst your summer activities, offering insights that are as enduring as they are timely. Thank you for being a part of our journey. Here’s to the lessons of the past and the promise of the future. --- > Compare SIPPs, IRAs, & 401(k)s for UK / US residents. Covering contribution limits, age rules, withdrawals, RMDs, + inheritance considerations to optimise your retirement savings strategy. - Published: 2024-08-01 - Modified: 2025-01-23 - URL: https://edale.co/understanding-retirement-accounts-sipp-vs-ira-vs-401k-for-uk-and-us-residents-when-in-the-uk/ - Categories: us uk financial advisor Navigating retirement savings can be complex, especially for individuals who have worked or lived in both the UK and the US. This article will compare Self-Invested Personal Pensions (SIPPs), Individual Retirement Accounts (IRAs), and 401(k) plans, focusing on age-related and inheritance considerations. We'll address common questions that may arise for Americans residing in the UK and Brits returning to the UK after working in the USA. Comparison table of 401k vs SIPP vs IRA. What is a SIPP and How Does It Work? How do age limits affect contributions to a SIPP? A Self-Invested Personal Pension (SIPP) allows individuals to contribute up to age 75. The annual contribution limit is £40,000 or 100% of your earnings, whichever is lower. There's also a lifetime allowance of £1,073,100 (2020/2021). These limits provide significant flexibility and potential tax relief on contributions, making SIPPs an attractive option for retirement savings in the UK. When can I start withdrawing from my SIPP? You can begin withdrawing from your SIPP at age 55, which will rise to 57 in 2028. The first 25% of your SIPP can be taken as a tax-free lump sum, with the remaining 75% taxed as income. Unlike US retirement accounts, there are no Required Minimum Distributions (RMDs), offering more flexibility in managing your withdrawals. How does inheritance work with a SIPP? If you die before age 75, your beneficiaries can inherit your SIPP tax-free. If you die after age 75, your beneficiaries will pay income tax on withdrawals at their marginal rate. Beneficiaries can either draw from the SIPP as needed or opt for lump sum payments, and the inherited SIPP remains outside the beneficiary's estate for inheritance tax purposes. What Should I Know About IRAs? What are the contribution limits for Traditional and Roth IRAs? For 2024, the contribution limit for IRAs has increased to $7,000 annually. If you are 50 or older, you can contribute an additional $1,000, making the total $8,000. Traditional IRAs offer tax-deductible contributions if you meet the eligibility criteria, whereas Roth IRAs are funded with after-tax dollars. When can I access my IRA funds without penalties? You can start withdrawing from a Traditional IRA at age 59½ without penalties, although these withdrawals are taxed as income. Roth IRAs allow you to withdraw contributions at any time tax-free, and earnings can be withdrawn tax-free after age 59½, provided the account has been open for at least five years. What are the Required Minimum Distribution (RMD) rules for IRAs? Traditional IRAs require RMDs starting at age 73. However, Roth IRAs do not have RMDs during the account holder's lifetime, offering more flexibility in how and when you take your distributions. const jointLifeTable = { 73: 26. 5, 74: 25. 5, 75: 24. 6, 76: 23. 7, 77: 22. 9, 78: 22. 0, 79: 21. 1, 80: 20. 2 }; const uniformTable = { 73: 24. 7, 74: 23. 8, 75: 22. 9, 76: 22. 0, 77: 21. 2, 78: 20. 3, 79: 19. 5, 80: 18. 7 }; function calculateRMD { const dobInput = document. getElementById('dob'). value; const accountValueInput = document. getElementById('accountValue'). value; const isSpouseSoleBeneficiary = document. getElementById('spouseCheckbox'). checked; const isSpouseYounger = document. getElementById('youngerCheckbox'). checked; if (! dobInput || ! accountValueInput) { alert('Please enter your date of birth and expected retirement account value. '); return; } const dob = new Date(dobInput); const dobYear = dob. getFullYear; const dobMonth = dob. getMonth; const dobDay = dob. getDate; // Determine RMD start year (January 1 of the year the individual turns 73) const rmdStartYear = dobYear + 73; const rmdStartAge = 73; let divisorTable = (isSpouseSoleBeneficiary && isSpouseYounger) ? jointLifeTable : uniformTable; let accountValue = parseFloat(accountValueInput); const resultsBody = document. getElementById('results-body'); const resultsTable = document. getElementById('results-table'); resultsBody. innerHTML = ''; // Clear previous results const years = ; const rmdAmounts = ; for (let i = 0; i < 10; i++) { const year = rmdStartYear + i; const divisor = divisorTable || 18. 5; const rmdAmount = (accountValue / divisor). toFixed(2); accountValue -= rmdAmount; // Determine payment date const paymentDate = i === 0 ? `${year + 1}-04-01` : `${year}-12-31`; const row = document. createElement('tr'); const yearCell = document. createElement('td'); const amountCell = document. createElement('td'); const dateCell = document. createElement('td'); yearCell. textContent = year; amountCell. textContent = `$${rmdAmount}`; dateCell. textContent = paymentDate; row. appendChild(yearCell); row. appendChild(amountCell); row. appendChild(dateCell); resultsBody. appendChild(row); years. push(year); rmdAmounts. push(parseFloat(rmdAmount)); } resultsTable. style. display = 'table'; renderChart(years, rmdAmounts); } function renderChart(years, rmdAmounts) { const ctx = document. getElementById('rmdChart'). getContext('2d'); document. getElementById('rmdChart'). style. display = 'block'; new Chart(ctx, { type: 'bar', data: { labels: years, datasets: }, options: { responsive: true, scales: { x: { title: { display: true, text: 'Year' } }, y: { title: { display: true, text: 'RMD Amount (USD)' }, beginAtZero: true } } } }); } RMD Calculator with Graph Enter your Date of Birth: Enter Expected Retirement Account Value: My spouse is the sole beneficiary My spouse is more than 10 years younger Calculate RMD and Show Graph Results: Year RMD Amount (USD) Payment Date How are IRAs treated for inheritance? Both Traditional and Roth IRAs can be passed on to beneficiaries. However, due to the SECURE Act (2019), inherited IRAs must be distributed within 10 years, except for eligible designated beneficiaries. Traditional IRA beneficiaries will pay income tax on distributions, while Roth IRA beneficiaries typically enjoy tax-free withdrawals. A US beneficiary of an inherited Roth IRA receives tax-free distributions once the account has met the 5-year holding requirement before the owner's death. Beneficiaries must take their inherited Roth IRA distributions according to the RMD rules based on their family ties with the deceased and their eligibility for the 10-year withdrawal option. In the UK, withdrawals are also tax free as they follow the US IRS rules as this is US sourced income. What Are the Key Features of a 401(k)? What are the contribution limits for 401(k) plans? For 2024, the contribution limit for 401(k) plans has increased to $23,000, with an additional $7,500 catch-up contribution allowed for those aged 50 and over, making the total $30,500. These limits apply to employees participating in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan. When can I withdraw from my 401(k) without penalties? You can start penalty-free withdrawals from a 401(k) at age 59½. These withdrawals are taxed as income. Like Traditional IRAs, 401(k) plans require RMDs starting at age 72. How is a 401(k) treated for inheritance purposes? Beneficiaries of 401(k) plans must also follow the 10-year distribution rule. The inherited 401(k) funds are taxed as income when withdrawn by the beneficiaries. How Do I Choose Between a SIPP, IRA, and 401(k)? Choosing between a SIPP, IRA, and 401(k) depends on your residency, tax considerations, and retirement goals. For Americans living in the UK, a SIPP offers tax relief and flexible withdrawals. For Brits returning from the US, maintaining an IRA or 401(k) might provide additional retirement benefits and tax advantages. Understanding the rules and benefits of each account can help you optimize your retirement savings strategy across both countries. By comparing these retirement accounts, you can make informed decisions to secure your financial future, whether you're planning to retire in the UK, the US, or elsewhere. Comparison table reflecting the latest changes for 2024. FeatureSIPPTraditional IRARoth IRA401(k)Age for ContributionsUp to age 75No age limitNo age limitNo age limitContribution Limits£40,000 annually or 100% of earnings$7,000 annually ($7,000 if 50 or older)$7,000 annually ($7,000 if 50 or older)$23,000 annually ($30,000 if 50 or older)Tax on ContributionsTax-relief on contributionsTax-deductible if eligibleContributions made with after-tax dollarsContributions made with pre-tax dollarsMinimum Age for Access55 (rising to 57 in 2028)59½59½59½Tax on Withdrawals25% tax-free lump sum, rest taxed as incomeTaxed as incomeTax-free if conditions metTaxed as incomeRequired WithdrawalsNo RMDsRMDs start at age 72No RMDs during account holder's lifetimeRMDs start at age 72Inheritance - Before 75Tax-free for beneficiariesTaxed as income for beneficiariesGenerally tax-free for beneficiariesTaxed as income for beneficiariesInheritance - After 75Beneficiaries pay income tax on withdrawalsTaxed as income for beneficiariesGenerally tax-free for beneficiariesTaxed as income for beneficiariesInheritance FlexibilityBeneficiaries can draw as neededMust be distributed within 10 yearsMust be distributed within 10 yearsMust be distributed within 10 years Key Points Contribution Limits: The contribution limits have been updated to reflect the new amounts for 2024, with IRAs increasing to $7,000 and 401(k) plans increasing to $23,000. Age for Contributions: No age limit for IRAs and 401(k)s, with SIPPs having a limit of up to age 75. Tax on Contributions: Varies by account type, with Traditional IRAs and 401(k)s offering pre-tax contributions, Roth IRAs using after-tax dollars, and SIPPs providing tax relief on contributions. Withdrawals and Taxation: Different taxation rules apply to withdrawals based on the type of account, with Roth IRAs offering tax-free withdrawals if conditions are met. Required Minimum Distributions (RMDs): SIPPs and Roth IRAs offer more flexibility with no RMDs during the account holder's lifetime, whereas Traditional IRAs and 401(k)s have RMDs starting at age 72. Inheritance: The inheritance rules vary, with SIPPs potentially offering tax-free benefits if the account holder dies before age 75, and Roth IRAs generally providing tax-free benefits to beneficiaries. Traditional IRAs and 401(k)s typically result in taxable income for beneficiaries. --- > Learn how Restricted Stock Units (RSUs) are taxed for UK employees, including PAYE withholding, income tax, NICs at vesting, and capital gains tax at sale. Understand remittance-based taxation for non-domiciled individuals. - Published: 2024-07-23 - Modified: 2024-08-05 - URL: https://edale.co/rsu-awards-for-employees-and-financial-advice/ - Categories: us uk financial advisor Restricted Stock Units, or RSUs, are shares of stock that are granted to employees by US companies. With many American companies with UK subsidiaries, it's common for stock awards to be part of the remuneration of employees. US-based employees sometimes transfer to work in the UK, so how are they taxed for those receiving these awards. UK Tax of RSU's For employees in the UK who are on the Pay As You Earn (PAYE) system, Restricted Stock Units (RSUs) are taxed in a specific manner. Taxation at Vesting When RSUs vest (i. e. , the shares are transferred to the employee without any restrictions): Income Tax: The market value of the shares at the time they vest is treated as employment income. This income is subject to Income Tax at the employee’s marginal rate (the rate applicable to their total income). National Insurance Contributions (NICs): Both the employee and the employer must pay NICs on the value of the RSUs at vesting. For employees, this is the Class 1 NICs, which are the standard employee contributions. Employers also pay Class 1 secondary NICs on the same amount. PAYE Withholding Since the employee is on the PAYE system, the employer is responsible for deducting the appropriate taxes and NICs at the point of vesting: Tax Deduction: The employer will withhold the necessary Income Tax and NICs through the PAYE system. The amount withheld will be based on the value of the vested RSUs and the employee’s tax code. Reporting: The employer reports the value of the vested RSUs and the tax withheld to HMRC (Her Majesty's Revenue and Customs). This is included in the employee’s end-of-year P60 form, summarizing total earnings and tax paid. 3. Taxation at Sale When the employee sells the shares acquired through RSUs: Capital Gains Tax (CGT): Any gain made on the sale of the shares is subject to CGT. The gain is calculated as the difference between the sale price and the market value at the time of vesting (which is treated as the acquisition cost). Employees benefit from the annual CGT allowance, which can reduce the taxable amount. CGT rates depend on the employee’s total taxable income and gains for the year and are typically lower than Income Tax rates. Example Calculation At Vesting: Employee receives 100 RSUs that vest when the share price is £50. The total value at vesting is 100 * £50 = £5,000. This £5,000 is treated as employment income. Assuming a 20% Income Tax rate and 12% employee NICs: Income Tax: 20% of £5,000 = £1,000. NICs: 12% of £5,000 = £600. Total tax and NICs withheld: £1,000 + £600 = £1,600. At Sale: Later, the employee sells the 100 shares for £70 each. Sale proceeds: 100 * £70 = £7,000. Gain: £7,000 - £5,000 (market value at vesting) = £2,000. If the gain is within the CGT annual allowance, no CGT is payable. If not, CGT is applied to the amount exceeding the allowance at the applicable rate (10% or 20%, depending on the total income). RSUs granted in the US In general, the granting of shares, including RSUs, does not trigger an immediate tax liability in the UK. Taxation usually occurs at vesting, not at the granting stage. There is no tax liability when the RSUs are initially awarded because the employee does not have access to or control over the shares until they vest. Knowing the vesting points of RSUs Vesting is the process of gaining full legal rights to something or when you take control of the shares. The most common practice is that RSU granted vest at a rate of 25% each year over the course of four years. So if the marginal tax rate or the Fair Market Value of the shares changes over the four years, the income tax calculation would adjust accordingly each year. For accurate planning, employees should consider potential changes in their tax rates and the value of their shares. At the time of writing Google and Meta (facebook/instagram) follow this vesting schedule. It's different for Amazon, where the percentage in year one is 5%, 15% year 2 and the balance evenly in year 3 and 4. Remittance-based taxation of RSUs In the UK, the default taxation for residents is income, and gains are taxed as they arise. Under the arising basis, UK residents are taxed on their worldwide income and gains as they arise. This means any income or capital gains earned globally, whether remitted to the UK or not, are subject to UK tax. Those who live in the UK but do not have a permanent home here — in the case of the UK, this applies mainly to non-domiciles - can choose the remittance basis for their taxation. On the remittance basis, only UK source income and gains are taxed on an arising basis. Foreign income and gains are taxable only if they are remitted (brought into or used in the UK). This means such people can plan to not be subject to UK tax on their foreign income and gains if they keep them outside the UK. The remittance basis is not automatic; it must be claimed on the tax return. If the RSUs relate to foreign employment, the income may be considered foreign income. Under the remittance basis, this would only be taxed if remitted to the UK. An individual claiming a remittance basis for taxation (by completing the Self Assessment Tax return (SA100), in order to claim the 'remittance basis') will not pay tax on the unremitted RSUs. If the RSUs vest while the individual is UK tax resident, the income from the vesting RSUs is considered UK source income and is taxed on the arising basis. Is it worth getting financial advice on my RSUs? An employer may want to offer their employees financial advice for RSUs or employee vesting their shares may want to get financial advice for some of the reasons below. RSUs area taxed as if they were income, in the year that they are earned. That is, they will be added to total income and taxed at your marginal rate (ie, the portion of your income going to tax), on top of your basic salary. Employees might not be aware that their RSUs are also taxed through National Insurance Contributions (NICs) and, when they are sold, through Capital Gains Tax (CGT) on the increase in value. Getting assistance to reduce marginal tax rate and also capital gains tax allowances can help to be tax efficient, an area financial advice can really benefit you. It’s not uncommon for an employee with exceptionally generous RSUs from his or her employer to have a material portion of an individual’s net worth concentrated in the stock of one company. What happens if the stock price of that company declines? There is also other potential problems with concentration of wealth in the employers stock: Market Risk: Stock Price Volatility: Because the value assigned to an RSU is based on a company’s stock price, which fluctuates, a downturn in the price can significantly reduce the employee’s wealth. Single Point of Failure: Putting eggs into a single basket carries great financial risk to the employee if the company itself runs into business problems or endures a downturn in the market. Financial Health of the Company: Company Performance: Employee financial success is largely tied to the health of the company. If the firm doesn’t perform well, stock-based compensation (as well as overall financial wellbeing) will suffer. Lack of Diversification: Risk in Investment: For general advice to clients, financial advisors often recommend to diversify investments to balance risk. It contradicts the principle of accumulating wealth in a single company stock and eventually leads to lop-sided asset portfolios. --- - Published: 2024-07-08 - Modified: 2024-07-08 - URL: https://edale.co/case-study-how-one-individual-maximised-cash-returns-by-consolidating-funds/ - Categories: Casestudy This case study explores how an individual with substantial cash holdings in various accounts consolidated their funds into one platform to achieve better returns, avoiding the low interest rates and fees associated with traditional bank and stockbroking accounts. To consolidate cash savings into a single platform offering better returns than traditional banks and avoid the interest skimming seen in stockbroking and high street investment accounts. Background Information Personal/Financial Situation: The client had substantial cash holdings distributed across various bank accounts, stockbroking accounts, and high street investment accounts. Despite the significant amount of cash, they were receiving low returns and noticed interest skimming on some accounts with a paltry interest paid to the client. Challenges: The main challenges were consolidating the cash from various locations and in different wrappers into a single platform, finding a solution that offered better returns than traditional banks, and avoiding the fees and interest skimming from stockbroking and investment accounts. Goals and Objectives Goals: Consolidate cash savings into a single, more efficient platform. Achieve higher returns than those offered by traditional bank accounts. Access fixed-term deposits to earn a better yield by locking cash away. Build as a ladder to recycle matures as needed. Maximise overall returns on cash savings. Ensure easy access to funds and maintain liquidity. Avoid hidden fees and interest skimming. Strategy and Plan Analysis: A comprehensive analysis was conducted to evaluate the current returns from various accounts, the fees associated with them, and potential platforms that could offer better returns without hidden costs. Selection of a suitable flexible investment platform and use of tax wrappers to get the best return possible. Plan Development: The financial plan developed focused on: Platform Selection: Identifying a platform that offers competitive interest rates and transparency with fees. Consolidation Process: Creating a strategy to transfer all cash holdings into the chosen platform efficiently. Return Maximisation: Ensuring that the new platform offered higher returns on deposits compared to existing accounts. Results Outcomes: Successfully consolidated all cash holdings into a single, high-return platform. Achieved significantly higher returns compared to traditional bank accounts. Eliminated hidden fees and interest skimming from previous accounts. Conclusion Summary: The individual successfully maximised returns on their cash savings by consolidating funds into a single, high-return platform, eliminating hidden fees, and achieving better financial performance. --- > Learn how a US-UK family set up ISAs for their children despite dual citizenship challenges, ensuring financial growth with Edale’s expert advice and a cost-effective savings plan. - Published: 2024-07-08 - Modified: 2024-07-08 - URL: https://edale.co/case-study-how-a-us-uk-family-secured-their-childrens-financial-future-with-isas/ - Categories: Casestudy - Tags: financial advice for American expats This case study explores how a US person, married to a British man and living in the UK, successfully set up ISAs for their children despite initial online reading suggesting it was impossible due to their Children holding US passports. The couple wanted to start saving for their children's future through ISAs but were previously advised that it was too difficult due to their children's US citizenship. They sought a practical solution that offered good value for money. Challenges: The primary challenge was navigating the complexities of setting up ISAs for children with US citizenship and ensuring the savings plan was cost-effective. Goals and Objectives Goals: Set up ISAs for their children with a manageable monthly contribution. Understand the requirements and regulations for US passport-holding children. Grow the children's savings significantly by the time they turn 18. Ensure the savings plan remains cost-effective and compliant with all regulations. Strategy and Plan Analysis: Provide a detailed explanation of the process for setting up ISAs for children with US passports and the cost implications of various saving schemes. Plan Development: The financial plan developed focused on: ISA Setup: Establishing child ISAs with a monthly contribution of £100. Cost Management: Ensuring the plan was cost-effective, with Edale's £5 per month fee for child accounts providing a small fee to grow. Long-Term Growth: Projecting the growth of the savings over 8 to 15 years until the children turn 18. Results Outcomes: Successfully established ISAs for the children, overcoming initial advice against it. Ensured a cost-effective savings plan with the potential for growth. Success Factors: Seeking professional advice beyond forum chatter. Consistent and manageable monthly contributions. Challenges Faced: Initial misinformation about the feasibility of setting up ISAs for US passport holders. Navigating dual citizenship regulations. Conclusion Summary: The family successfully set up ISAs for their children with Edale's help, ensuring long-term financial growth and overcoming initial misinformation about the process. --- > Learn how a business owner optimised profit extraction and retirement savings through strategic planning and professional advice, managing dual income streams efficiently. - Published: 2024-07-08 - Modified: 2024-07-08 - URL: https://edale.co/case-study-title-strategic-retirement-planning-for-a-dual-income-business-owner/ - Categories: Casestudy This case study examines how a business owner effectively took profits from their company while simultaneously saving for retirement through both company contributions and personal contributions from a secondary PAYE job. Personal/Financial Situation: The client is a business owner who also holds a secondary job where they are paid through PAYE. They wanted to take profits from their company while building their retirement savings through both company and personal contributions. Challenges: The primary challenges included managing different income streams efficiently, navigating tax implications, and ensuring maximum contributions to retirement savings from both the business and PAYE income. Goals and Objectives Goals: Efficiently take profits from their company. Make personal contributions to a retirement fund from PAYE income, including bonuses. Maximize retirement savings through combined contributions. Ensure tax efficiency and compliance with contribution limits. Strategy and Plan Analysis: A thorough analysis was conducted to understand the client's income streams, existing tax liabilities, and retirement savings opportunities that would improve their personal tax position. This included evaluating the most tax-efficient ways to take profits from the company and make personal contributions. Plan Development: The financial plan focused on: Profit Extraction: Determining the best methods to take profits from the company, such as dividends or salary. Retirement Contributions: Structuring both company contributions to a pension scheme and personal contributions from PAYE income. Tax Efficiency: Utilizing tax allowances and ensuring compliance with contribution limits to maximize tax benefits. Results Outcomes: Successfully extracted profits from the company in a tax-efficient way. Maximized retirement contributions through a combination of company and personal contributions. Ensured compliance with all relevant tax and pension regulations. Success Factors: Strategic planning and professional advice. Effective management of dual income streams. Conclusion Summary: The business owner effectively managed their dual income streams, taking profits from their company while maximizing retirement savings through strategic contributions and tax-efficient planning. Future Plans: Continue optimising retirement savings contributions. Monitor and adjust the financial plan based on income changes and tax law updates. --- > Brite Advisors' receivership update: A digest how the latest court orders and asset reconciliation will help beneficiaries receive their funds quicker. - Published: 2024-06-10 - Modified: 2024-09-06 - URL: https://edale.co/clearer-path-to-clients-getting-money-from-brite-advisors/ - Categories: Brite Advisors, News - Tags: brite advisers, Brite Advisors During May, lots of details came out showing what was happening with Brite Advisors' receivership, and June's court orders have provided instructions to interested parties on what to do. The court's specific instructions now present a clearer picture of a route to beneficiaries receiving their cash, but some beneficiaries may be more complicated due to trustee's status and opens the present to client on any distribution. This is part of a series of articles on the liquidation of Brite Advisers Pty Pathway to getting money back to clients The distribution of assets back to trustees, for the benefit of the pensioners and direct investors, from Brite Advisors Pty Ltd involves a few key steps that the receivers are going through. Here we explain the pathway that is outlined in some of the recent update documents: Reconciliation of Assets with Interactive Brokers (IB) Process: The Receivers and Managers have been working on reconciling the assets held by Interactive Brokers. This involves obtaining full access to the Interactive Brokers accounts, ensuring that all assets and transactions are accurately accounted for. Viewing access has been granted to some accounts, and efforts are ongoing to secure complete access. The 5th June court orders included a requirement for Interactive Brokers to transfer Brite Assets and provide viewing access to accounts within 7 business days. Goal: The aim is to manage beneficiary drawdown processes autonomously and facilitate the rebalancing of the Client Assets Under Management (Client AuM) model portfolios, which have been approved by the Court . Reconciliation of Beneficiary Interests Previous actions: Receivers sought and obtained a direction from the Court to use 13 December 2023 as the date for calculating beneficiaries' entitlements. This date reflects the initial appointment of the Receivers and Managers of Brite Advisors . This means a date has been established to references the assets held at IB to the client records of individual positions. Latest progress: The June Court Orders authorise the Receivers to communicate directly with beneficiaries to share the value of their investments as of 13 December 2023 once the reconciliation is completed. What's next: The significant next steps for reconciling beneficiary interests are securing and verifying data across AutoRek, Interactive Brokers, and Salesforce. The Receivers have access to AutoRek, which was effectively Brite's internal client account database. Getting full asset visibility and then audit with Interactive Brokers to complete portfolio rebalancing. Lastly, reconstructing Salesforce data to provide beneficiaries with updated investment details will bring all the materials together to complete the reconciliation of the whole of the asset base (investments held at IB) against the paper records of every client. According to the March 2024, there are 2,031 beneficiaries with Brite Advisors Pty Ltd. This includes both direct investment and pension investment beneficiaries, as outlined in the detailed reconciliation report. Getting this much holdings data will be a forensic and time-consuming process, but it should be eased with access to all the data and visibility of the investment assets. Approved Distribution Method Liquidation and Distribution: The primary method proposed for distributing the Client AuM is to liquidate the portfolio held on the Interactive Brokers trading platform and distribute the proceeds as cash to the trustees. This method is deemed the most efficient and cost-effective way to return funds to beneficiaries. Consultation and Feedback: The Receivers will shortly begin consulting with beneficiaries and trustees to gather feedback and ensure the proposed distribution method balances the beneficiaries' preferences with the receivers' duties. A survey will be issued to collect this feedback and inform the Court's recommendations . Distribution amount Once the reconciliation of individual positions is made, we would expect the majority of assets to be distributed to trustees et al. There will be a provision (or a debit to the portfolio value, to put this in simpler terms) made on any holdings statement, which will reflect the shortfall in assets versus the client records. This was previously circa 10%, but there may be higher when considering the loan liabilities and use of client money for Brite Advisor fees. We would expect more detail on the distribution amount once #3 had made significant progress. Trustees where pensioners may face further complexity in getting their money Most clients will have a scheme, pension or trust where their investments are placed. The role of the trustee must be understood as any distribution from Brite Advisors will be returned to the trustee firm, where they should place it as cash in their client money bank account or hold it with a custodian if it is an asset distribution. Below, we explain that some clients may face additional difficulties with some trustees we believe had member monies with Brite Advisors. Explainer of the parties and their role in a pension scheme When you set up a pension, several key roles work together to manage and protect your retirement savings. At the heart of this arrangement is the trustee. Think of the trustee as the gatekeeper and legal holder of your pension. Their job is to ensure that everything is done in your best interest, following the rules and regulations. They oversee the entire pension setup and make sure that your funds are handled properly and securely. Next, we have the custodian. The custodian is like a secure vault where your pension assets are kept. They hold and safeguard the actual investments and assets that make up your pension. The custodian doesn’t make decisions about how your money is invested; instead, they ensure that your assets are safe and accounted for. Their primary role is to keep your pension’s assets secure, much like a bank holds onto your savings. Lastly, there’s the investment adviser. This person acts as a caretaker for you, the client. Their role is to provide advice on how your pension funds should be invested to help grow your savings over time. They work directly for you, offering guidance based on your financial goals and risk tolerance. The investment adviser doesn’t hold your money or make the final legal decisions, but they play a crucial role in planning and managing your pension investments to maximize your retirement benefits. We understand Relay Pensions has members who had custody of their pensions with Brite Advisors. The Entities linked to Relay Pensions are in Administration following an application to Court by the Special Administrators, originally appointed by the Gibraltar Financial Services Commission. These entities are: Relay Administration Limited (Incorporation No. 112139), Corinthian Pension Trustees Limited (Incorporation Number 110658), and Pantheon Pension Trustees Limited (Incorporation Number 112310).   The daily operations of the Entitles are working normally, with the Administrators running the businesses with the existing staff. The Administrators are processing income payments where they are due, and once proceeds are distributed back to the pension, will be in touch with you and make arrangements for the effective transfer of pensions to a new pensions administrator. In the meantime, the Administrators are taking all and any steps to ensure that the position of the pensioners is properly protected, and in the absence of interaction, co-operation and consultation with the Receivers, this may involve further applications to Court. For anyone with money their pension with these firms, you may want to contact the Administrator at relay. comms@btguk. com --- > The main developments for people with money in Brite Advisors Pty Ltd and wanting to know whats happening written in plain English. - Published: 2024-06-10 - Modified: 2024-09-06 - URL: https://edale.co/milestone-update-for-beneficiaries-of-brite-advisors-pty-ltd/ - Categories: Brite Advisors - Tags: Beneficiaries update, Brite Advisors liquidation, Brite USA, Federal Court of Australia, QROPS, Receivers and Managers Here we keep you informed about the latest developments in the liquidation process of Brite Advisors Pty Ltd. If you’re a beneficiary, this post will break down the key events and actions taken by the Receivers and Managers. This is a short note to keep you up-to-date and ensure you understand what’s happening and how it affects you. We have focused on plain English to simplify the whole saga and technical language often used in cases like this. This is part of a series of articles on the liquidation of Brite Advisers Pty Key Points Beneficiaries Should Know: 1. Appointment of Receivers and Managers Date: 6 February 2024 Details: Rob Kirman and Linda Smith were appointed by the Federal Court of Australia as Receivers and Managers of Brite Advisors. They are responsible for managing the company's assets and properties and are also acting as liquidators. 2. Salesforce Data Issues Date: 9 May 2024 Details: Salesforce, the platform holding critical data, accidentally deleted Brite Advisors’ data. The Receivers secured a backup and are working on rebuilding the data to ensure all beneficiary information is intact. 3. Application to Court for Directions Date: 20 May 2024 Details: The Receivers filed an application to the Court seeking directions on calculating your entitlements as of 13 December 2023. This is crucial for ensuring that the distribution of assets is fair and accurate. 4. Court Hearings and Orders 22 May 2024: The Court granted some of the orders requested by the Receivers, including the need to contact beneficiaries directly. 27 May 2024: An update was sent confirming these orders and notifying about the rescheduled hearing. 5 June 2024: The Court approved the transfer of assets held by Interactive Brokers to a specific account, which will help in rebalancing and managing your investments efficiently. 5. Asset Transfer and Management What Happened: The Receivers agreed with Interactive Brokers on the steps needed to transfer and manage the assets held in various accounts. This includes moving assets to a single account for better visibility and control. Next Steps: This transfer is to be completed within 7 business days from the order (by mid-June 2024). 6. Ongoing Updates and Communication Regular Updates: The Receivers are committed to keeping you informed through regular updates. You can access these updates and additional information on their website. Contact Information: If you have any questions that aren’t answered on the FAQ page, you can contact the Receivers directly via email at briteadvisors@mcgrathnicol. com. --- > A digest on the May 2024 updates on Brite Advisors' liquidation process. Useful for beneficiaries, members, and trustees and importance in participating in upcoming surveys. - Published: 2024-05-21 - Modified: 2024-09-06 - URL: https://edale.co/latest-guidance-on-brite-advisor-investments/ - Categories: Brite Advisors, News Brite Advisors Pty Ltd (In Liquidation) (Receivers and Managers Appointed) has been under significant scrutiny and legal proceedings since early 2024. The ongoing liquidation and receivership process involves managing the Client Assets under Management (Client AuM) and addressing the interests of the Beneficiaries and Trustees involved. This is part of a series of articles on the liquidation of Brite Advisers Pty The progress made in May 2024 highlights several critical steps taken by the Receivers to ensure a structured and efficient distribution of Client AuM. Following an interim application to the Court, a hearing is scheduled for May 22, 2024, to confirm the date for calculating Beneficiaries' entitlements. This is a necessary step towards updating Beneficiaries' positions based on the investments as of December 13, 2023, the date of the Receivers' initial appointment. Beneficiaries will soon receive a Consultation Survey to provide their feedback on the proposed distribution methods. Key Updates: Court Hearing Preparation: An interim application has been filed by the Receivers seeking directions from the Court regarding the date for calculating Beneficiaries' entitlements. This is scheduled for a hearing on May 22, 2024 . Consultation with Beneficiaries and Trustees: The Receivers are planning to issue a Consultation Survey to gather feedback from Beneficiaries and Trustees on the distribution of Client Assets under Management (Client AuM). This survey is expected to be issued within two weeks from the date of the update . Salesforce System Access: The Receivers have continued negotiations with Salesforce and secured a back-up of Brite Advisors' data after an inadvertent deletion by Salesforce. They are exploring the most efficient way to rebuild the data, potentially using Salesforce or an alternative platform . Access to Interactive Brokers Accounts: The Receivers have made progress in obtaining viewing access to some of Brite Advisors' Interactive Brokers accounts but are still working on obtaining full access to manage Beneficiary drawdown processes and facilitate the rebalancing of portfolios . Margin Loan Liability: Interactive Brokers has been applying income received into the accounts to reduce the margin loan liability, which has decreased from approximately $19. 9 million in November 2023 to $16. 2 million in February 2024. The Receivers are seeking a full accounting of all amounts set off by Interactive Brokers since October 2023 . Interim Fund Manager: An Interim Fund Manager has been appointed to rebalance the Client AuM model portfolios. The engagement of the Interim Fund Manager is pending full trading-level access to the Interactive Brokers accounts . Ongoing and Future Steps: Distribution Strategy: The Receivers are considering both cash distribution and alternate methods to return the Client AuM to Beneficiaries efficiently. They are also addressing concerns about the Trustees' independence and their role in the distribution process . Operational Matters: The Receivers are managing ongoing operational challenges, including the rebuild of Salesforce data and ensuring continued access to AutoRek, which is critical for maintaining Beneficiaries' positions . Beneficiary Communications: Survey and Feedback: Beneficiaries and Trustees are requested to await the Consultation Survey rather than provide feedback on an ad-hoc basis. This will allow the Receivers to collate and consider feedback in a structured and cost-effective manner . Unauthorised Communications: Beneficiaries have been cautioned against interacting with unauthorised third parties regarding the Client AuM. Official communications will only come from the Receivers and their firm, McGrathNicol . For detailed updates and further correspondence, Beneficiaries and Trustees are advised to refer to the McGrathNicol website and the Frequently Asked Questions page . Latest Survey and Its Importance Forthcoming Survey The Receivers will issue a Consultation Survey within the next two weeks to gather feedback from Beneficiaries and Trustees regarding the distribution of Client Assets under Management (Client AuM). This survey will be structured to collect insights in a cost-effective manner, ensuring comprehensive input on the preferred method of distribution. Importance to Beneficiaries The survey is crucial as it allows Beneficiaries to voice their preferences and concerns, directly influencing the Receivers' strategy for distributing assets. Accurate feedback will ensure the distribution method aligns with the Beneficiaries' best interests. Differences Between Cash and Asset Distribution Cash Distribution: Advantages: Simpler and quicker to execute, reduces market and foreign exchange risk, and avoids complex asset management issues. Disadvantages: Potential for adverse tax consequences, immediate crystallization of gains/losses, and may not align with all Beneficiaries' financial strategies. Asset Distribution: Advantages: Preserves investment structure, potentially more tax-efficient for Beneficiaries, and avoids forced liquidation in unfavorable market conditions. Disadvantages: Complex to administer, longer process, and may not suit all Beneficiaries’ preferences. By participating in the survey, Beneficiaries can help shape a distribution process that balances efficiency, cost, and individual financial needs. Recommendations for Beneficiaries, Members, and Trustees Stay Informed: Keep updated with the latest information from regulatory authorities such as the ASIC and SEC. Regular updates can be found on the ASIC's Brite Advisors Key Matters page and the McGrathNicol website. Assess Your Options: Carefully consider your options once the suspension on transfers is lifted. This may involve seeking alternative advisers or platforms, but proceed with caution to avoid unsuitable advisers. Seek Professional Advice: Engage with qualified financial and tax advisers to navigate the complexities of your investments, especially regarding any potential tax implications. Monitor Progress: Stay vigilant and regularly check for updates from Brite Advisors or the appointed Receivers regarding the status of your investments and any required actions on your part. Review Your Investment Strategy: Reevaluate your investment strategy considering the current circumstances, ensuring it aligns with your financial goals and risk tolerance. By following these steps, beneficiaries, members, and trustees can effectively manage their investments with Brite Advisors and protect their financial interests. For detailed information and updates, visit Edale's guidance on Brite Advisor investments. --- > Explore Edale's diverse investment strategies for US/UK citizens, offering equity and bond options tailored for long-term growth and diversification - Published: 2024-05-01 - Modified: 2025-06-01 - URL: https://edale.co/investment-portfolios-us-persons/ - Categories: Expat financial advice, ISAs for Americans - Tags: accessible investments, bond ladder portfolio, diversified portfolios, Edale investment strategies, equity investments, financial growth, financial planning, financial security, global investment options, investment strategies, long-term investments, managing ISAs in the UK, market diversification, personal finance, risk management, US tax compliance, US UK investors With a growing US client base, we have developed more strategies that, following a discovery and financial planning discussion, we map to individual clients to help them be invested within their aims and objectives. This fully guided process, without a minimum portfolio size, is truly accessible for those from the shop floor to the boardroom. Here we showcase a range of investment strategies tailored to US persons, emphasising a blend of direct equities across various international markets. Clients invest in these through tax advantage accounts, including Stocks and Shares ISA, LIfetime ISA or just hold cash in a cash ISA. Let us delve into the specifics of these strategies, focusing on how they cater to the needs and risk profiles of investors seeking growth and diversification. Direct Equity Investments Edale's Direct Equity strategy utilises a rule-based stock selection policy targeting a representative index to construct a balanced portfolio across different sectors. This approach strategically selects the largest stocks from each significant sector based on their market capitalization weight. For instance, in sectors constituting more than 10% of the market cap, the three largest stocks are chosen, ensuring a broad exposure to potentially high-performing segments. This strategy maintains a diversified portfolio with about 19 holdings, balancing risk while aiming for growth . North American Equity Strategy for US/UK Citizens Edale’s North American Equity Growth Strategy is a portfolio of the most active North American companies for those looking to tap into the opportunities in this dynamic region. It is broadly invited in member of the Nasdaq, Dow Jones and S&P 500 indices. It includes growth-producing sectors including technology, healthcare, consumer discretionary and industrials. The objective is for long-term expansion based on the creativity and variety of North American markets. It has about 20-25 holdings with broad exposure to market leaders and the main industrial sectors in the USA. This approach is suitable for investors that are willing to weather market cycles and who have an investment period of at least five years. UK Equity Strategy for US/UK Citizens Edale's UK Stock Growth Strategy offers exposure to major UK-listed companies for those interested in the UK market. The portfolio mirrors the MSCI UK Index, targeting dynamic sectors like health care, financials, and consumer staples. This approach aims for long-term growth by investing in a wide array of sectors, reflecting a comprehensive market representation with about 20 holdings. The strategy is suitable for investors prepared for significant market fluctuations and who are in it for a minimum of five years . Europe Equity Strategy for US/UK Citizens Edale's European Stock Growth Strategy offers exposure to major Continental Europe-listed companies for those interested in the mainland European market. The portfolio mirrors the MSCI Europe Ex UK Index, targeting dynamic sectors like health care, financials, and consumer staples. This approach aims for long-term growth by investing in a wide array of sectors, reflecting a comprehensive market representation with about 20 holdings. The strategy suits investors prepared for significant market fluctuations and who are in it for a minimum of five years . Japan Equity Strategy for US/UK Citizens Edale's Japan Stock Growth Strategy is designed for investors looking to tap into the Japanese market. The strategy leverages the MSCI Japan Index, selecting equities that offer a cross-section of the Japanese economy. Key sectors include consumer discretionary and industrials, with a total of 12 holdings in the portfolio. This method aims to capture growth from large, listed Japanese companies, providing a diversified investment option in Asian markets . Mega Corp Strategy for US/UK Citizens For those looking to invest in global market leaders, the Mega Corp Stock Growth Strategy focuses on blue-chip companies listed in the Dow Jones Titans Index. This portfolio emphasizes direct exposure to some of the world's most influential and financially robust corporations, spanning various sectors like information technology and health care. With 18 holdings, the strategy is designed to deliver competitive returns through strategic allocation in large, stable companies . Climate Change Strategy US/UK Citizens Edale's Climate Change Equity Strategy provides exposure to companies at the forefront of the transition to a low-carbon economy. This is a plan to harvest growth from companies that are cutting emissions, developing climate solutions, and integrating with international sustainability norms. Member of this strategy are embracing green tech, renewables, clean manufacturing and eco-friendly consumer goods. This asset allocation strategy melds broad market exposure with robust climate monitoring to create a broad but purpose-based portfolio. It allows investors to profit from the economic turn to sustainability while addressing regional and sector risks. This strategy is available with a focus on the US or European geographical areas. US Initial Public Offering and Spin-off Strategy US IPO and Spinoff Strategy is an evenly invested portfolio of 25 companies that have had initial public offerings (IPOs) or have spun off from a parent company within the last five years and have a float-adjusted market cap of at least USD 1 billion. The constituents of the S&P U. S. IPO & Spinoff Index are a representative sample of the companies that will be invested in. Edale Quant and Analyst Ratings Portfolio The Edale Quant and Analyst Ratings Portfolio is constructed with a disciplined, data-driven methodology to capture high-quality stocks demonstrating strong financial health, favourable market sentiment, and growth potential. By integrating quantitative, professional analyst, and independent contributor insights, this strategy seeks to optimise stock selection while mitigating risk. This portfolio is ideal for lump sum investors seeking an analytically rigorous approach to stock selection that combines diverse evaluation methodologies to identify high-probability outperformers in developed markets. Edale Equity Income Portfolio The Edale Equity Income Portfolio is a globally diversified investment strategy focused on delivering reliable income and long-term capital growth by investing in high-quality, dividend-paying companies. It is built on the disciplined approach of selecting businesses that demonstrate both financial strength and a consistent commitment to rewarding shareholders. It holds companies that have maintained or increased their dividends for at least 10 consecutive years. These businesses also exhibit positive return on equity and positive cash flow from operations, ensuring that dividend payments are backed by solid financial performance and prudent capital management. To enhance income potential, the portfolio targets stocks with above-average dividend yields, offering investors a meaningful stream of income alongside the opportunity for capital appreciation. All companies headquartered in developed markets or select high-quality names from emerging economies, ensuring a well-balanced global exposure. The result is a portfolio of resilient, high-conviction holdings, chosen for their ability to generate steady income, weather economic fluctuations, and compound value over time. Ideal for income-oriented investors, the Edale Equity Income Portfolio combines quality, yield, and global diversification to support long-term financial goals with confidence. Fixed income options, but it needs portfolios from £10k upwards Edale also offers a fixed-income strategy tailored for investors looking to build a ladder portfolio of bonds, which is particularly suited for those with larger investment portfolios due to a minimum trading requirement of £1000 per bond. This approach involves purchasing bonds with staggered maturities, allowing investors to potentially benefit from a mix of regular income and the flexibility to reinvest as each bond matures. By diversifying the maturity dates, the ladder portfolio strategy helps manage interest rate risk and provide a steady income stream, making it an appealing option for investors with substantial capital who seek a more predictable and stable return on investment over time. This strategy is ideal for investors looking to minimize exposure to the volatility of equity markets while securing a fixed income component in their investment portfolios. We mix bonds from different sectors and issues across the Short-term Tier (0-3 years), Medium-term Tier (4-6 years), Long-term Tier (7-10 years) and Extended-term Tier (11+ years). This provides an income above cash deposits and return of capital on maturity. Investments do rise and fall, so you may get back less than you invested. There is no guarantee of outcome. Bond Data Table Time to Maturity: 30 years Minimum Yield to Maturity: 0% const CSV_URL = "https://docs. google. com/spreadsheets/d/e/2PACX-1vRn3lvBAZIKVZpueVcZOGUcbQsKkWcdRQDJGpwCVOG06tfoOPFY1H3D8DC-arfq6OB0SUIHwomI59w1/pub? gid=1384211541&single=true&output=csv"; // Replace with your public CSV link const searchInput = document. getElementById("searchInput"); const timeToMaturitySlider = document. getElementById("timeToMaturity"); const timeToMaturityLabel = document. getElementById("timeToMaturityLabel"); const yieldToMaturitySlider = document. getElementById("yieldToMaturity"); const yieldToMaturityLabel = document. getElementById("yieldToMaturityLabel"); const tableContainer = document. getElementById("tableContainer"); let bondData = ; let currentSortColumn = -1; // -1 means no column is sorted let sortDirection = 'asc'; // 'asc' or 'desc' // Fetch data from the public CSV and render the table async function fetchAndRenderTable { try { const response = await fetch(CSV_URL); const csvText = await response. text; bondData = parseCSV(csvText); if (bondData. length) { renderTable(bondData); } else { tableContainer. innerHTML = "No data found in the sheet. "; } } catch (error) { tableContainer. innerHTML = `Error fetching data: ${error. message}`; } } // Parse CSV data into an array, trimming headers function parseCSV(csv) { const rows = csv. split("\n"). map(row => row. split(",")); // Trim whitespace from headers to ensure accurate matching if (rows. length > 0) { rows = rows. map(header => header. trim); } return rows; } // Render the table from fetched data function renderTable(data) { const = data; let tableHTML = ""; headers. forEach((header, index) => { // Add data-index for sorting and sort arrows tableHTML += `${header}`; if (currentSortColumn === index) { tableHTML += ``; } tableHTML += ``; }); tableHTML += ""; rows. forEach(row => { tableHTML += ""; row. forEach(cell => { tableHTML += `${cell}`; }); tableHTML += ""; }); tableHTML += ""; tableContainer. innerHTML = tableHTML; // Add event listeners to table headers for sorting document. querySelectorAll('#tableContainer th'). forEach(header => { header. addEventListener('click', => { const columnIndex = parseInt(header. dataset. index); sortColumn(columnIndex); }); }); } // Filter table based on search input and sliders function filterTable { const filter = searchInput. value. toLowerCase; const timeToMaturityLimit = parseFloat(timeToMaturitySlider. value); const yieldToMaturityLimit = parseFloat(yieldToMaturitySlider. value); const headers = bondData; let rows = bondData. slice(1); // Use let because we'll modify it if sorting // Use a more robust way to find the index, accounting for potential whitespace in CSV headers const timeToMaturityIndex = headers. findIndex(header => header. toLowerCase. includes("time to maturity")); const yieldToMaturityIndex = headers. findIndex(header => header. toLowerCase. includes("yield to maturity")); let filteredData = rows. filter(row => { const matchesSearch = row. some(cell => cell. toLowerCase. includes(filter)); // Safely get the values, providing a default of 0 if conversion fails const timeToMaturity = (timeToMaturityIndex ! == -1 && ! isNaN(parseFloat(row))) ? parseFloat(row) : 0; const yieldToMaturity = (yieldToMaturityIndex ! == -1 && ! isNaN(parseFloat(row))) ? parseFloat(row) : 0; return ( matchesSearch && timeToMaturity = yieldToMaturityLimit ); }); // Apply sorting after filtering if (currentSortColumn ! == -1) { filteredData. sort((a, b) => { const valA = a; const valB = b; // Try to compare as numbers first const numA = parseFloat(valA); const numB = parseFloat(valB); if (! isNaN(numA) && ! isNaN(numB)) { return sortDirection === 'asc' ? numA - numB : numB - numA; } else { // Fallback to string comparison const strA = String(valA). toLowerCase; const strB = String(valB). toLowerCase; if (strA < strB) return sortDirection === 'asc' ? -1 : 1; if (strA > strB) return sortDirection === 'asc' ? 1 : -1; return 0; } }); } renderTable; } // Function to sort a column function sortColumn(columnIndex) { if (currentSortColumn === columnIndex) { // If clicking the same column, toggle sort direction sortDirection = sortDirection === 'asc' ? 'desc' : 'asc'; } else { // If clicking a new column, reset to ascending currentSortColumn = columnIndex; sortDirection = 'asc'; } filterTable; // Re-filter and re-render the table with the new sort order } // Update slider values function updateTimeToMaturityLabel { timeToMaturityLabel. innerText = `Time to Maturity: ${timeToMaturitySlider. value} years`; filterTable; } function updateYieldToMaturityLabel { yieldToMaturityLabel. innerText = `Minimum Yield to Maturity: ${yieldToMaturitySlider. value}%`; filterTable; } // Event listeners searchInput. addEventListener("input", filterTable); timeToMaturitySlider. addEventListener("input", updateTimeToMaturityLabel); yieldToMaturitySlider. addEventListener("input", updateYieldToMaturityLabel); // Fetch and display the table on page load fetchAndRenderTable; Performance and Risk Management Edale's investment strategies are characterised by their historical performance data, which, while illustrative, showcases potential long-term growth and return patterns. However, it's crucial for investors to understand that past performance is not indicative of future results, and investments can fluctuate widely in value. Each strategy maintains a clear perspective on risk, acknowledging that investments can both rise and fall in value, which necessitates a long-term investment horizon of at least five years. Edale's diverse array of strategies for US persons is designed to cater to different market interests and risk tolerances, from domestic to international equities. By employing a methodical, rule-based stock selection process and focusing on long-term growth potential, Edale aims to meet the investment needs of a broad investor base, encouraging strategic diversification and robust portfolio management. --- > Handheld investment +financial advice without hurdles. Simple and solid advice for any American trying to invest while in the UK. - Published: 2024-04-30 - Modified: 2024-07-15 - URL: https://edale.co/easy-us-uk-investment-and-savings/ - Categories: Expat financial advice, ISAs for Americans - Tags: Americans in the UK, Cross-Border Investing, FATCA compliance, Financial Planning for US Citizens, Financial Tools for Expats, Investment Calculator, Investment Compliance, Lump Sum Investments, Monthly Contributions, No Minimum Investment, Personal Investment Guidance, PFIC Regulations, UK Investment for Americans, UK savings accounts for US citizens, US Expats Investing, US tax compliance, Value for Money Investments, Wealth Management for Expats Edale is committed to making investing accessible by removing common barriers, such as minimum investment requirements. This approach allows even new investors to enter the market with ease. However, it's important for investors to stay informed about the costs associated with different financial products. While no minimum investment can open doors for many, understanding the full scope of potential fees and expenses is crucial to ensure you're getting value for your money. Our team is here to help guide you through these details, making sure that every investment decision aligns with your financial goals and budget. Here are the regular questions that we hear people asking us? Can I get a lifetime savings ISA for US citizen? Should U. S. taxpayers living in the U. K. invest and save? Can I have an ISA as a US citizen? I am a US Expat and want to investing while living in the UK I am a US Tax Payers in the UK. How do I save for my future? How do I invest from while in the UK as an American? The challenge for Americans in the UK Investing in the UK as a U. S. expat can be tricky due to complex laws like PFICs and FATCA. Many financial institutions avoid dealing with U. S. citizens because of these complications. Edale is different. We've been helping U. S. expats invest for years. We know the challenges you face and have the experience to manage your investments wisely. Our team makes sure your investments comply with all regulations, helping you reach your financial goals without any minimum investment requirements. Removing barriers for US Persons to investing At Edale, we believe personal assistance is key to successful investing, especially for U. S. expats facing unique financial landscapes. Our team offers one-on-one guidance tailored to your individual needs and circumstances. Whether you're deciphering tax implications or selecting the right investment options, we're here to provide clarity and support. We understand that every investor's situation is different, and our personalized approach ensures that you receive the advice and strategies that best suit your goals. Our commitment to personal service not only simplifies the investment process but also enhances your confidence in managing your investments, wherever you are in the world. No minimum but ensuring you get value for money At Edale, we've developed a valuable tool to assist our clients in making informed investment choices—the Value for Money Calculator. This innovative tool is designed to help you US/UK citizens assess various investment commitments based upon the initial investment amount and monthly investment contribution. With this calculator, you can tailor your investment plan to find a balance that suits your financial situation and goals. It gives you an instant guide to how cost effective it will be to use our services providing a clear picture of how the levels you pick stacks up on a simple value for money scale. This empowers you to choose a contribution level to the portfolio that not only fits your budget but also maximizes your investment potential, ensuring that every pound invested is working effectively towards achieving your financial aspirations. Value for money for investing as US citizen in the UK Initial Lump Sum: £1 Monthly Contribution: £0 Not value for money function calculateValue { var initialLumpSum = document. getElementById("initialLumpSum"). value; var monthlyContribution = document. getElementById("monthlyContribution"). value; document. getElementById("initialLumpSumValue"). textContent = initialLumpSum; document. getElementById("monthlyContributionValue"). textContent = monthlyContribution; if (monthlyContribution >= 200 || initialLumpSum >= 1000) { document. getElementById("valueResult"). innerHTML = 'This would be Value for money. Call EdaleBook appointment with EdaleWhatsApp us to chat '; } else { document. getElementById("valueResult"). textContent = "At this level you do not get value for money. "; } } document. addEventListener('DOMContentLoaded', calculateValue); In the context of investing, initial lump sum and monthly contribution are two important methods of funding an investment account: Initial Lump Sum: This refers to investing an amount of money all at once into an investment vehicle, such as a mutual fund, stock, or retirement account. A lump sum investment is typically made from savings, an inheritance, or another source of capital that becomes available to the investor. The advantage of a lump sum investment is that it allows the entire amount of money to start potentially growing immediately, taking full advantage of compound interest over time. Monthly Contribution: Also known as pound-cost averaging, this method involves investing smaller, fixed amounts of money into an investment vehicle at regular intervals, usually monthly. This strategy can help mitigate risk as it spreads the investment purchase price over time, potentially lowering the average cost per share purchased. Monthly contributions are often automated, making it a convenient and disciplined way to build wealth gradually. Both strategies have their merits and can be used separately or together, depending on your financial situation, risk tolerance, and investment goals. Here to help US citizens in the UK Edale is an accessible expert. A partner for your financial success. With no minimum portfolio size we help anyone get started. With institutional professionals we also cater to large clients as well as those starting out saving/investing. Embark on your journey towards financial clarity and success with Edale Investments. Whether you want to optimize your international investments, plan for your retirement, or seek comprehensive wealth management solutions, our team is ready to assist you. Contact us today to schedule a consultation and take the first step towards realizing your financial aspirations. Contact edale easily Click to call to speak with us WhatsApp chat support your needs Great meeting! Lots of information and questions answered around FIG regime and PFICs. Really helpful consultation. KiranVery knowledgeable, great experience with EdaleI had a chat with Lawrie today. Very lovely to chat to and clearly knows his stuff. He gave me some good advice and I really appreciated it. Would definitely recommend him and Edale in the future. AdamSuper helpful guidance from Lawrie which helped to make sense of a multitude of potential US/UK issues. Great signposting and he clearly is well versed in his field. Lawrie provided a helpful insight into the common pitfalls to consider and avoid when it comes to US/UK inheritance planning. He succinctly gave us an overview of the dual regimes and provided a road map for us to work our way through. MaryQuick and effectiveI highly recommend Lawrie at Edale for quick and effective investment support. When I wanted to set up a Junior ISA for my daughter, who holds dual US and UK citizenship, Lawrie provided clear guidance on the available options. He handled the entire process with impressive efficiency, setting up the account in no time. His expertise made the experience seamless and stress-free. WillPhoned on the off chance. Got very helpful signpostingI phoned up on the off chance and was given a very helpful overview of my situation by Lawrie. I would certainly come back for more advice should it be necessary. KathrynIncredibly helpful and informative. My wife and I had the pleasure of speaking with Lawrie at Edale about the complexities of moving our finances from the US to the UK. We were made to feel like no question was too big or too small, and Lawrie took the time to respond to each of these individually with great insight and guidance. We’d like to thank Edale and Lawrie for their helpful, informative and friendly service. RoryVery quick to respond & helpfulI pretty much had my questions answered within 3 emails. Great service. ThomasInformative and friendlyI had a call with Lawrie to discuss some queries I had as a US citizen living in the UK. He was very helpful and provided me with very useful information and advice ShaneLawrie was very helpful and provided me with some useful guidance on an investment basis. I have tax and financial affairs that are more complex than usual, due to holding multiple citizenships and Lawrie was very knowledgeable and able to answer many of my questions over a 10 minute call. I would highly recommend this company as a first port of call for financial affairs or tax planning ideation. I was able to quickly book a consultation at no cost and left the call confident in what my options were going forward. Lawrie was very patient and listened to my circumstances meaning I did not feel rushed and was reassured about my financial concerns. AlexVery polite and friendly and helpful! Our situation is a little complex, and although Lawrie couldn’t help directly they recommended a couple of other companies for us to contact. Many thanks! LisaFantastically knowledgeable helpAsked for a Zoom interview as I was confused about the likely tax rates and how to proceed on my little US retirement savings from a two-year employment some years ago, being a permanent UK resident and finally old enough to take them out. Laurie clearly knew the exact situation, helped me to understand the jargon, could answer all my questions easily, and showed me clearly how to proceed so as to end up paying a much smaller tax rate than the scary 30% that I’d seen banded about on websites. No attempt to sell me anything I didn’t need, and a complete understanding that my income and savings are small and not ‘big gun’ investments. Very very helpful – thank you so much! ClareWould recommend. The free chat was very useful to pinpoint exact needs. In my case I was pointed to a non affiliated accountant who could best serve my specialist needs. No hard sell for their other services. Would recommend. StuartIncredibly valuable free consultation, evaluated our options, suggested new ideas. My wife and I had a free consultation with Lawrie from Edale this morning. We have a difficult decision to make of how to use the substantial inheritance money that needed both US and UK expertise. We are deciding between buying to let properties in the USA and repaying our mortgage and investing in the UK. Lawrie gave us a comprehensive analysis of the pros and cons of both strategies. He also brought our awareness to maximising our pension capabilities and offsetting our UK mortgage while we are waiting for the rest of the funds from the USA to become available. Everything he explained was in simple language and very clear. The consultation has given us a huge amount of pure value without trying to sell us any products. We are very grateful, thank you so much. AlexanderEdale were very helpful giving advice about how to handle taxes for US/UK dial citizens living in the UKI chatted with Edale to find answers to a number of questions I had about how to manage taxes when a dual US/UK citizen living in the UK. They were very familiar with the complexities of this situation and how to handle both the IRS and HMRC tax returns and additionally had advice on retirement. I highly recommend Edale. DavidWe’ll be backI had an excellent experience with Lawrie, who demonstrated a deep understanding of the complexities involved with our dual UK/US citizenship. In just a brief meeting, he provided specific advice and tailored recommendations that addressed our unique financial situation. His expertise and clear communication were incredibly helpful. Highly recommended! DominicI would highly recommend using Edale. Lawrie has been most helpful with a variety of US retirement questions. He has provided good information and succinct advice. Sarah100% Recommend Edale! Lawrie and Edale have been incredibly thorough and supportive throughout the journey – from the moment I’ve consulted about my unique circumstances with regards to investment options (being a dual US citizen living in the UK) to onboarding me as a client to invest through them. I am so happy and relieved hat I’ve finally found a solution to a problem I’ve had for years, and so grateful for Lawrie being so thorough with the whole process – all the information was made easy to digest and understand, and I could (and still can) reach out to Lawrie whenever I had/have questions, and he was readily available and prompt with his responses. I love that Edale accommodates to clients of various sizes, and that I can invest at the pace and amount I feel comfortable in. Thank you so much! NinaPrompt and helpfulEDALE was very prompt in contacting me and quickly arranged a first appointment. I was on a short deadline and they helped me achieve my objective in time. Lawrie was very helpful and conscientious and delivered exactly what he promised. JudeKnowledgable and helpful, addressed my particular circumstances very wellLawrie addressed my retirement aspirations, tax questions, and financial position with the specific cross-jurisdiction knowledge I’d been seeking. I now feel more confident about my financial health and look forward to seeing the options Edale has to help me get investments in order. Kathryndual US/UK nationality familyLawrie invested a great deal of time understanding our circumstances (dual US/UK nationality family) before any recommendations were discussed I am very happy with the outcome and intend to continue the relationship in the longer term. GavinDrawing down US pensions from the perspective of a UK residentLawrie was approachable, knowledgable and pragmatic on the reality of drawing down US pensions from the perspective of a UK resident. I’d recommend Lawrie and Edale. DonaldBringing clarity to UK/US retirement questionsI had an incredibly positive experience working with Edale to navigate the complex world of UK/US cross-border financial planning, especially as it relates to investing for retirement. As a dual UK/US citizen married to a fellow dual citizen, and having lived in the UK since 2010, I was overwhelmed with how to most tax-efficiently invest for retirement given our mix of accounts in both the US (IRAs and Roth IRAs) and the UK (SIPP, employer pension, and USS). Thankfully, Edale provided clarity and guidance on every front. JesseExcellent, knowledgeable, professional serviceLawrie has been excellent to work with, after searching for quite some time to find a company that does not require minimums to get started. He is responsive and thorough, and wants his clients to understand the process. They have all the services I need and I feel confident in my financial future. Would definitely recommend. AbigailGreat company, provided exactly what I neededVery happy that I stumbled on to Edale. They provided exactly what I was looking for, which was a relief given I had struggled to find any expertise in UK/US tax from various searching and somewhat inconsistent information by googling. As a UK citizen/resident I was needing help to understand the tax situation regarding 401Ks and IRAs that I had left in the US from time working there, and how the tax treaty would apply. Lawrie spent the time needed as one-off advice, explaining the situation and provided a letter to me, for use with the HMRC if ever required. The process was painless, cost effective, extremely quick and on point. Thanks Lawrie and the Edale teamDouglasVery Helpful Initial ConsultationI just had an initial consultation and Lawrie was very helpful. He answered all the questions I had, and followed up with an email containing helpful links... --- > Explore the crucial aspects of SIPP reporting for U.S. persons, including insights on FATCA, FBAR, and PFIC regulations. Understand how international pension schemes like SIPPs interact with U.S. tax laws, ensuring compliance and strategic financial planning. - Published: 2024-03-24 - Modified: 2024-03-24 - URL: https://edale.co/guidance-on-reporting-for-our-american-sipp-for-us-persons-usa-residents-citizens/ - Categories: Expat financial advice - Tags: Affordable US Person Financial Services, American Child Savings UK, Child Investment Options for Americans Abroad, cross-border tax implications, expat retirement accounts, FATCA compliance, FBAR requirements, financial planning for US expats, foreign pension funds, foreign trust reporting, international pension plans, investment reporting for expats, IRS reporting for SIPPs, managing UK pensions in the US, passive foreign investment companies, PFIC, PFIC rules, retirement planning abroad, SIPP reporting, SIPPs for US citizens, tax advice for US expats, UK pension schemes in the US, US expatriate finance, US Expats Financial Advice UK, US persons overseas, US tax on foreign pensions, US-UK tax treaty, US+UK Financial Planning Navigating the intricate landscape of international finance and taxation can be a daunting task for U. S. persons holding foreign pension accounts, such as the UK's Self-Invested Personal Pension (SIPP). With the overlapping jurisdictions of U. S. and foreign tax laws, understanding the reporting requirements for SIPPs is crucial to ensure compliance and optimize financial strategy. This article delves into the specifics of SIPP reporting under U. S. Reportable Accounts and the Foreign Bank and Financial Accounts Report (FBAR), shedding light on the nuances of FATCA agreements and the implications for U. S. taxpayers. It also explores the intersection of SIPPs with the rules governing Passive Foreign Investment Companies (PFICs), offering insights into the exceptions and exemptions that may influence how U. S. residents navigate their reporting obligations while maximizing the benefits of their international pension schemes. SIPP Reporting Under U. S. Reportable Accounts Understanding U. S. Reportable Accounts: U. S. Reportable Accounts typically refer to financial accounts that U. S. persons must report to the IRS under the Foreign Account Tax Compliance Act (FATCA). This includes bank accounts, investment accounts, and certain other financial assets held outside the U. S. SIPP Exemption Under FATCA: Under the U. S. -UK FATCA agreement, UK pension schemes like SIPPs, when registered with HMRC and managed by a UK financial institution, are generally not considered U. S. Reportable Accounts. This exemption is based on the recognition that these accounts are primarily for pension and retirement purposes, not for evading U. S. taxes. Implications for U. S. Persons: If you're a U. S. person with a SIPP, this exemption means that the SIPP itself does not need to be reported on FATCA-related forms (such as Form 8938). SIPP Reporting Under FBAR Understanding FBAR: The Report of Foreign Bank and Financial Accounts (FBAR) is a U. S. requirement for individuals to report foreign financial accounts, including bank accounts, brokerage accounts, and mutual funds, if the total value of all foreign accounts exceeds $10,000 at any time during the calendar year. SIPP and FBAR: Although SIPPs are exempt from being treated as U. S. Reportable Accounts under FATCA, they may still fall under the FBAR reporting requirements. If the total value of a U. S. person's foreign financial accounts, including the SIPP, exceeds the $10,000 threshold, the SIPP may need to be reported on the FBAR (FinCEN Form 114). Reporting Responsibility: It's the individual's responsibility to report their SIPP on the FBAR if required. This means accurately reporting the maximum value of the SIPP during the reporting year and disclosing it as part of the individual's total foreign financial assets UK Pension reporting of Passive Foreign Investment Companies (PFIC) to the IRS A Rule by the Internal Revenue Service on 12/28/2016 within the "Definitions and Reporting Requirements for Shareholders of Passive Foreign Investment Companies gives clarity on the reporting of mutual funds held within a pension. The exception under U. S. tax law that helps U. S. persons avoid the potentially onerous reporting and tax consequences associated with Passive Foreign Investment Companies (PFICs) when these investments are held within certain foreign pension funds. Let's break down how this applies to a Self-Invested Personal Pension (SIPP) and why it doesn't equate to a PFIC under this exemption: PFIC Overview: PFICs generally include foreign-based mutual funds or investment vehicles that primarily earn income or gains from investments. U. S. taxpayers who own PFICs must follow complex reporting requirements and face potentially high tax rates. Foreign Pension Funds and Trusts: The rule distinguishes between different types of foreign entities, including pension funds and trusts. In the U. S. , many foreign pensions are considered foreign trusts for tax purposes, which normally would necessitate detailed reporting and compliance with PFIC rules. The Exception for Foreign Pension Funds: This exception provides relief for U. S. persons from the PFIC reporting requirements if their PFIC investments are held within a foreign pension fund that is recognized under a U. S. income tax treaty. The key here is that the income from the pension fund is not taxed until it's distributed to the U. S. person, aligning the tax treatment more closely with U. S. domestic pension plans. Application to SIPPs: A SIPP, being a type of UK pension plan, may qualify under this exception if it's recognized under the U. S. -UK income tax treaty. This means that U. S. persons with SIPPs are not required to report the underlying investments of the SIPP as PFICs, assuming the SIPP is operated principally to provide pension or retirement benefits and complies with the treaty requirements. Expanded Interpretation: The Treasury Department and the IRS have broadened this exception to include all applicable foreign pension funds, not just those classified as trusts. This means that various types of pension arrangements, including SIPPs, could be covered by this exception, provided they meet the criteria of being operated primarily to offer pension or retirement benefits and are recognized under a U. S. income tax treaty. Election or Procedure under Treaties: In some cases, the benefit of this exemption might require an election or satisfying a procedure under the applicable tax treaty. For example, under the U. S. -Canada treaty, there's a specific provision that allows for this type of tax-deferred treatment, assuming the necessary steps are taken to qualify. In summary, a SIPP doesn't equate to a PFIC because, when held by a U. S. person and recognized under a U. S. income tax treaty, it's exempt from the onerous PFIC reporting and tax rules. This exemption acknowledges the pension-oriented nature of the SIPP and aligns its tax treatment with U. S. expectations for retirement savings. --- > Discover tax strategies for US expats in the UK, navigating IRS & HMRC rules with expert advice to avoid pitfalls and optimize investments. - Published: 2024-02-20 - Modified: 2024-02-20 - URL: https://edale.co/navigating-the-tax-maze-strategies-for-american-expats-under-the-scrutiny-of-the-irs-and-hmrc/ - Categories: News - Tags: cross-border taxation, FATCA, financial planning, HMRC, investment management, IRS, PFIC, tax compliance, tax strategies, US expats The intricate dance between tax obligations in the United States and the United Kingdom for American expatriates presents a labyrinth of challenges. The complexity of balancing the Internal Revenue Service's (IRS) requirements with those of Her Majesty's Revenue and Customs (HMRC) can seem daunting, yet it's a puzzle that, with the right expertise, can be solved. The Unique Plight of American Expats Unlike citizens of nearly every other country, Americans, alongside Eritreans, carry the burden of their homeland's tax obligations with them, no matter where they lay their heads. This is a legacy of Civil War-era legislation, designed to deter evasion, which today translates into a global tax mandate. Whether they earn their income in Peckham or Paris, American citizens are expected to file with the IRS annually. This requirement ensnares not only those who have left the U. S. for work or love but also the 'accidental Americans'—those who might have been born on U. S. soil and left as infants, unaware of their fiscal responsibilities until they are unearthed, often shockingly, in adulthood. Investment Quagmires and PFIC Pitfalls Advisers must navigate a minefield of investment restrictions to prevent unwelcome tax repercussions for their American clients. Many funds that are staples for British investors are classified as Passive Foreign Investment Companies (PFICs) under U. S. tax law, leading to prohibitive tax rates. The U. S. Foreign Account Tax Compliance Act (FATCA) further complicates matters, demanding disclosure of foreign assets and leading to a narrow path of investment that avoids both PFIC classifications and non-compliance with FATCA. Some self directed investment platforms do not allow Americans or where they do they prohibit them from buying mutual funds - kind of opening the door and then limiting where they can do to only one room. The Synchronization Struggle One of the most head-scratching aspects of advising American expats involves juggling the differing tax years and reporting standards of the IRS and HMRC. With the U. S. tax year following the calendar and the U. K. 's running from April to April, and with divergent methods for calculating capital gains, advisers and their clients must tread carefully to ensure compliance on both sides of the pond. The Adviser's Arsenal The solution for advisers sailing the complexities of cross-border taxation lies in a combination of specialized knowledge and strategic partnerships. Investment strategies must be meticulously crafted to avoid PFIC entanglements, relying on direct equities and bonds rather than fund-based investments. Collaboration with specialist tax advisers who are well-versed in the intricacies of both U. S. and U. K. tax law assists. The Silver Lining Despite the daunting task, the demand for knowledgeable advisers who can navigate these waters is high. American expats, and those 'accidental Americans' caught in the crossfire, are in dire need of guidance to manage their unique tax obligations. For those advisers equipped with the right tools and knowledge, there is a significant opportunity to provide invaluable service to a niche but growing clientele. For individuals it's not just about managing wealth—it's about understanding and navigating the interplay of regulations that govern effective advice. With the right approach, advisers demystify the process for clients but also cement their own reputations as invaluable assets in the increasingly globalised financial landscape. Note: This post is for informational purposes only and does not constitute tax, legal, or investment advice. Always consult with a professional adviser for advice specific to your situation. --- - Published: 2024-02-15 - Modified: 2025-01-15 - URL: https://edale.co/bridging-financial-gaps-the-new-era-of-junior-isa-for-american-families-in-the-uk/ - Categories: Expat financial advice, News - Tags: Affordable US Person Financial Services, American Child Savings UK, Child Investment Options for Americans Abroad, Cross-Border Financial Advising, Cross-Cultural Investing Strategies, Edale US Person Advisory, Financial Education for US Families Abroad, Financial Growth for American Families in the UK, Financial Security for American Children Overseas, Investment Diversification for US Persons, Junior ISA for US Citizens, US Expats Financial Advice UK, US Person Finance, US Tax Compliance for Expats, US+UK Financial Planning In a world where the financial future seems increasingly uncertain, finding a reliable and affordable way to secure our children's futures is more important than ever. This is especially true for American families living in the UK (with dual citizen US UK chikdren), who often face additional hurdles in navigating the complexities of international finance. Recognising this, Edale have taken a significant step forward to make financial planning and growth more accessible for children with US passports and straightforward for their families. A Fresh Approach to American Junior ISA After thoroughly reviewing our pricing plans, we're excited to announce a more accessible and simplified approach to helping families grow their children's nest eggs. Reflecting our innovative hybrid adviser model, we have reshaped our fees to offer financial adviser led plan for starting and growing a Junior ISA no annual custody fee, an annual charge of 0. 5% and £1 per month activity fee. This provides a significantly lowered access point for stocks and shares ISA for US Children and their siblings. You can open a American Junior ISA now at https://edale. co/open-ISA/ (enter the adult details to start and then select a Junior ISA as the account type). This new pricing plan is designed to break down barriers to financial advice, making it easier for families to secure a prosperous future for their children through the maze and complexity of being a dual citizen or US passport holder. With a financial adviser always on hand, we ensure compliance, reporting, and that every step of your child financial journey is as smooth and beneficial as possible. The Edale Advantage Our new model stands in stark contrast to traditional financial services, where costs can quickly add up, making it challenging for many families to access the advice they need. For instance, with platforms like Hargreaves Lansdown, Americans are restricted from purchasing funds, leading to a default option of stock buying, which incurs a fee of £5. 95 per transaction. For those seeking the diversification benefits of a 20-stock portfolio, the costs can skyrocket to £119 each month. In comparison, Edale's Junior ISA offers a more cost-effective solution. For a standard financial setup of a £100 per month contribution and an initial lump sum of £3000—equivalent to a third of the annual allowance—our low fees presents good value for American children in a complex situation. This approach makes financial advice more affordable and opens up the opportunity for greater investment diversification without the prohibitive costs. Why Choose Edale? Choosing Edale means opting for a partner who understands the unique challenges American expatriates face when investing in their children's future. Our hybrid adviser model combines the best of technology and human expertise to offer personalized, compliant, and effective financial planning solutions. Whether it's navigating the complexities of cross-border regulations or optimizing investment strategies for growth, Edale is committed to providing the support American families need to build solid financial foundations for their children. Edale advisers are on hand to act to ensure we put guard rails around your ISA so it invests in compliance with US tax rules, an expert can help you on reporting and US investment friendly investments are held. There is no minimum with Edale as part of our social mission for financial services. Part of our social mission is that we want more people to be financially independent, literate and accumulating their wealth earlier, so we offer free online consultation and extended office hours to allow people to speak to us outside of the workday and have multiple feedback that we have supported people. Let's Start Building Your Child's Future Together We believe that every child deserves a bright financial future, and our updated Junior ISA offering is a testament to our commitment to making this a reality for American families in the UK. If you're ready to take the next step in securing your child's financial well-being with a trusted, value-driven partner, we're here to help. For more information on how to get started or if you have any questions about our services, please don't hesitate to reach out. Together, we can create a financial strategy that grows with your family, ensuring a secure and prosperous future for your children. --- > Explore the crucial role of independent financial advisers to a Council's Appointee and Deputyship Services within Adult Social Care Finance. - Published: 2024-01-18 - Modified: 2024-01-18 - URL: https://edale.co/maximizing-social-care-finance-the-key-role-of-independent-financial-advisers-in-uk-council-services/ - Categories: Investments - Tags: Adult Social Care, Asset Management in Social Care, Caregiver Support Services, Court of Protection, Deputyship Services, Elderly Care Finance, Financial Advisers, Financial Decision-Making, Financial Management, Financial Planning for Vulnerable Adults, Legal Compliance, Public Sector Finance, Public Welfare Finance, Social Care Finance, UK Council Services Within the intricate web of adult social care looking after finances is tough work. The roles of Appointees and Deputies stand out for their critical responsibility in managing the financial affairs of individuals who lack the capacity to do so themselves. This article explores why a council might consider engaging an independent financial adviser for their appointment and deputyship services, emphasising the added value and expertise they bring to this sensitive and complex area. A financial adviser working with a Deputyship Service allows deputyship citizens or service users to be referred for financial advice to ensure their assets are maximised rather than maintained in a low-interest paying bank account. Other options that can be considered and discounted are below. Option: capital held within a Deputyship bank account as a 'designated client account'. Unsuitable as this approach does not comply with the Public Guardians deputyship standards and the need to demonstrate due diligence in managing these service users assets. Option: The internal team carry out research into the best interest rates available from mainstream savings options and invests money. Unsuitable as this approach does not comply with the Public Guardians deputyship standards and colleagues frequently do not have financial advice qualifications or experience and may select a product that results in losses being incurred. Enhancing Decision-Making with Expertise Deputies, appointed by the Court of Protection, and Appointees, who manage benefit income, play a vital role in safeguarding the financial well-being of service users. An independent financial adviser can provide specialized knowledge and insight, particularly beneficial in managing diverse financial assets and savings. This expertise ensures that all financial decisions are made with a comprehensive understanding of the market, investment opportunities, and potential risks. Objectivity and Impartiality A key advantage of an independent financial adviser is their objectivity. Unlike internal advisers who may have pre-existing biases or limited perspectives, independent advisers offer unbiased advice solely focused on the service user's best interests. This impartiality is crucial in making financial decisions that genuinely reflect the needs and preferences of those who lack the capacity to make these decisions themselves. Risk Management and Compliance Financial management, especially in the context of deputyships, involves navigating a complex landscape of legal requirements and financial risks. Independent financial advisers are adept at identifying, assessing, and mitigating these risks, ensuring compliance with legal standards and court orders. Their involvement can significantly reduce the likelihood of financial mismanagement or non-compliance, protecting both the service user and the council. Long-term Financial Planning For service users who require ongoing financial management, long-term planning is critical. Independent financial advisers can develop comprehensive financial strategies that consider future needs, potential changes in circumstances, and market fluctuations. This foresight is invaluable in ensuring the long-term financial security and stability of service users. Reducing Administrative Burden Managing the financial affairs of service users can be administratively burdensome for councils. By outsourcing this task to independent financial advisers, councils can alleviate this burden, allowing them to focus more on other critical aspects of Adult Social Care Finance. Moreover, this can lead to more efficient use of resources and potentially lower costs in the long run. Meeting formal obligations A financial adviser can help the Council to deliver investment advice for Service Users with larger capital portfolios. A financial adviser can ensure compliance with duties under any court order and the requirements of the Office of the Public Guardian Deputy standards. Initial and regular reviews can ensure a suitable investment plan remains fit for the client’s circumstances. If a whole of market firm is used, they can provide professional and comprehensive external financial advice across different products and providers. Often a Council’s Section 151 Officer cannot provide suitable recommendations. Limited resources within the social, deputyship and appointeeship team mean adding a professional advisor adds capacity to the service and outsources advice, which may also be applicable for more complex cases. The Office of the Public Guardian supervises Deputies and publishes standards to which Local Authority Deputies are required to adhere to. The Office of the Public Guardian states that the Council should ‘seek independent advice to maximise the return on the client’s savings, investments and any other assets’ in the case of deputyships. Their guidance in Section 3(b)(4) clarifies that there must be ‘access to specialist advice for example a financial accountant either internally or externally’. Another of the standards (1a (5)) requires a Deputy to seek independent financial advice where appropriate to maximise the return on the client's savings and other assets. Enhancing Trust and Transparency The involvement of an independent financial adviser can enhance the transparency of financial decision-making processes, building trust among service users, their families, and the broader community. This transparency is essential in maintaining the integrity of the Appointee and Deputyship Services and upholding the council's reputation. Conclusion The engagement of independent financial advisers in the realm of Appointee and Deputyship Services offers numerous benefits, including enhanced expertise, objectivity, compliance, long-term planning, administrative efficiency, and increased trust and transparency. For UK Councils, this is not just a matter of financial prudence but also a commitment to upholding the highest standards of care and responsibility for some of the most vulnerable members of society. What is the Role of an Independent Financial Adviser in UK Council's Appointee and Deputyship Services? Independent financial advisers provide expert advice and guidance on managing the financial assets and savings of individuals under the care of Appointee and Deputyship Services, ensuring decisions are made in the best interests of those who lack the capacity to manage their own finances. Why is an Independent Financial Adviser Important in Adult Social Care? They bring objectivity, expertise in financial planning and risk management, and help in ensuring compliance with legal standards, which is crucial for the financial well-being of service users. What is the Difference Between an Appointee and a Deputy in UK Social Care? Appointees manage benefit income on behalf of a service user, whereas deputies, appointed by the Court of Protection, handle a broader range of financial responsibilities, including bill payments, bank account management, and overseeing pensions and other assets. How are Deputies Appointed for Social Care Financial Management? Deputies are appointed by the Court of Protection when there is a need for ongoing decision-making on behalf of a person who lacks capacity to manage their own financial affairs. What Kind of Financial Decisions Can a Deputy Make? Deputies can make decisions regarding bill payments, managing bank accounts, retirement and occupational pensions, and other financial assets, as authorized by the Court of Protection. How Does a Financial Adviser Ensure Legal Compliance in Deputyship Services? By staying updated with legal requirements and court orders, financial advisers ensure that all financial activities are compliant with laws and regulations, protecting both the service user and the council. Can Family Members Act as Financial Advisers in Deputyship Cases? While family members can be appointed as deputies, an independent financial adviser is often recommended for their expertise and objectivity in financial management. What Measures are in Place to Protect the Interests of Service Users in Financial Management? Regular audits, oversight by the Court of Protection, and the involvement of independent financial advisers help ensure that financial management is conducted transparently and in the best interest of the service user. Are There Specific Qualifications Required for Financial Advisers in Adult Social Care? Financial advisers in this context are usually required to have professional qualifications in financial management, along with experience in handling similar roles in the social care sector. How Can a Council Choose an Independent Financial Adviser? They can seek a recommendation from us, each councils delivery of their services differs and we can help you to ensure your service users get the best advice with effective admin and controls. Does appointing an IFA mean the Council loses control? The Council would still retain their decision making responsibilities on behalf of the client, as per the Mental Capacity Act Code of Practice 8. 61 ‘a deputy may seek professional or expert advice (for example, investment advice from a financial adviser or a second medical opinion from a doctor). But they cannot give their decision-making responsibilities to someone else. ’ Edale operate on an advisory basis so the Council receives an options analysis and a recommendation they can agree or not. --- - Published: 2023-11-16 - Modified: 2024-07-23 - URL: https://edale.co/financial-advice-for-a-range-of-american-professionals-in-the-uk/ - Categories: Expat financial advice - Tags: Americans in the UK, Dual Citizens, expat financial advice, investment advice, US Persons Americans in the UK work in a diverse range of professions. Many Americans in the UK are there on corporate transfers, working for American companies with offices in the UK. There's also a growing number of American entrepreneurs and business owners in the UK. Given the strong economic ties between the two countries and the presence of multinational corporations in both, common sectors include: Finance and Banking Technology Education (as teachers, lecturers, or researchers) Healthcare Law Media and Entertainment Nonprofit and International Organizations A complicated situation for US Persons Professionals from the USA residing in the UK, especially those not high earners or millionaires, face several unique challenges when saving and investing. These challenges stem from the complexities of cross-border financial regulations and tax obligations: Tax Compliance: As U. S. citizens or green card holders, they are required to file U. S. taxes on their global income regardless of where they live. This includes reporting income earned in the UK, which can lead to complex tax filing requirements and the potential for double taxation. FATCA Requirements: The Foreign Account Tax Compliance Act (FATCA) requires foreign financial institutions to report financial accounts held by U. S. taxpayers to the IRS. This can make it difficult for U. S. expats to open bank accounts or investment accounts in the UK, as some institutions might not want the regulatory burden. Investment Restrictions: U. S. expats often face limitations in accessing investment opportunities. Many UK-based investment vehicles, like mutual funds, are considered Passive Foreign Investment Companies (PFICs) by the U. S. IRS, leading to punitive tax treatment. Retirement Savings: Understanding and coordinating retirement savings between the two countries can be challenging. U. S. expats must navigate both the UK’s pension schemes and U. S. retirement accounts like IRAs and 401(k)s, considering tax implications in both countries. Banking and Financial Services: Due to the regulatory complexity, some U. S. expats might find it challenging to access certain financial services or get financial advice that comprehensively covers both UK and U. S. financial systems. Lack of Financial Awareness: Without being high earners or having substantial wealth, U. S. expats might not have access to or the resources for specialized financial advice that addresses these cross-border issues. For U. S. expats who are not high earners, it's crucial to seek financial advice from professionals who understand both U. S. and UK financial systems. They should also be vigilant about staying informed on regulatory changes in both countries that could affect their financial well-being. A helping hand for American needing financial advice Edale, as a financial adviser firm, offers various services to assist U. S. persons living in the UK with their investment and savings challenges. The issues and services provided include: Addressing Regulatory Challenges: U. S. persons often face difficulties opening investment accounts in the UK due to complex U. S. and UK financial regulations. Edale helps overcome these challenges, offering financial advice and options to individuals irrespective of their citizenship or the complications these regulations create . Comprehensive Financial Advice: Edale provides financial advisory services compliant with U. S. and UK tax laws. This includes guidance on pensions and tax-efficient savings plans, which are crucial for U. S. persons who must navigate the intricacies of cross-border finance . Investment Options: Edale advises on various tax-efficient investment wrappers suitable for Americans in the UK. These options include General Investment Accounts (GIAs), Individual Savings Accounts (ISAs) in both cash and stocks & shares formats, Junior ISAs, Lifetime ISAs (LISAs), Personal Pensions, and Self-invested Personal Pensions (SIPPs). These investment vehicles are designed to cater to different financial needs and goals, providing U. S. persons with a range of choices for their savings and investments . Personalized Services: Emphasizing individual needs, Edale tailors its services to suit the unique residency and citizenship status of its clients. This includes advising on UK personal pension plans and individual savings accounts specially designed for U. S. passport holders. Their approach is flexible, catering to clients of all sizes and wealth without imposing minimum investment requirements . Tax Efficiency and Compliance: Edale ensures its financial advice aligns with UK and US tax laws. They focus on tax efficiency, particularly for UK pension savings for U. S. citizens, including understanding the implications of the UK-US tax treaty on pension schemes. This includes advising on tax relief on contributions and managing tax-free cash on retirement in compliance with the tax treaty to avoid double taxation . Customized Assistance for US Passport Holders: Recognizing the limited options available for U. S. citizens regarding pension providers and tax-free savings accounts, Edale offers specialized advice to ensure compliance and tax efficiency. They extend their services to a broad range of American and American passport holders residing in the UK, addressing their specific financial needs and circumstances . Lawrie Chandler says, "Edale's services are particularly valuable for U. S. persons in the UK who face unique financial challenges due to the intersection of U. S. and UK financial laws and regulations. We try to make it easier and are open to all through face-to-face and remote advice. " Our experience allows us to provide comprehensive and tailored financial advice, making it suitable for Americans seeking financial guidance in the UK. Contact edale easily Click to call to speak with us WhatsApp chat support your needs Testimonials from American clients Very knowledgeable, great experience with EdaleI had a chat with Lawrie today. Very lovely to chat to and clearly knows his stuff. He gave me some good advice and I really appreciated it. Would definitely recommend him and Edale in the future. AdamVery quick to respond & helpfulI pretty much had my questions answered within 3 emails. Great service. ThomasKnowledgeable, concise and accessible. Lawrie was extremely helpful in bringing clarity to my situation and advising the best way to handle my US investments and pension while living in the UK. I appreciate his concise approach with no sales pitches. KarenAmazingly helpfulLawrie was so helpful and patient, going through form with me to make sure I understood what I needed to fill in for a complicated matter. KatieVery helpful, personalised advice based on my specific situation. highly recommended! ! so helpful & provided quick, personalised advice very smoothly through WhatsApp. very highly recommended! KateEverything I needed! I found Edale online as I had discovered how difficult it was to find a financial advisor able to advise me because of my USA citizenship. Lawrie was just the ticket – a straight talking, forward thinking Financial Advisor with a depth of understanding around the tax implications of various investment vehicles as it related to expat Americans. His solutions were inventive and right away I made a huge financial win that would have otherwise passed me by! I highly recommend! KellyVery Helpful Initial ConsultationI just had an initial consultation and Lawrie was very helpful. He answered all the questions I had, and followed up with an email containing helpful links and advice. I’m looking forward to continuing with this service. SarahQuick and effectiveI highly recommend Lawrie at Edale for quick and effective investment support. When I wanted to set up a Junior ISA for my daughter, who holds dual US and UK citizenship, Lawrie provided clear guidance on the available options. He handled the entire process with impressive efficiency, setting up the account in no time. His expertise made the experience seamless and stress-free. WillFantastic Service – Thanks so muchSignposting advice on main considerations as an US expat in the UK. JoshIncredibly valuable free consultation, evaluated our options, suggested new ideas. My wife and I had a free consultation with Lawrie from Edale this morning. We have a difficult decision to make of how to use the substantial inheritance money that needed both US and UK expertise. We are deciding between buying to let properties in the USA and repaying our mortgage and investing in the UK. Lawrie gave us a comprehensive analysis of the pros and cons of both strategies. He also brought our awareness to maximising our pension capabilities and offsetting our UK mortgage while we are waiting for the rest of the funds from the USA to become available. Everything he explained was in simple language and very clear. The consultation has given us a huge amount of pure value without trying to sell us any products. We are very grateful, thank you so much. AlexanderGreat service and advice. Lawrie was really helpful. Very easy to talk to. Possessed a depth of knowledge. Made sure he answered all my questions. I highly recommend Edale and Lawrie in particular. ClaireWould recommend. The free chat was very useful to pinpoint exact needs. In my case I was pointed to a non affiliated accountant who could best serve my specialist needs. No hard sell for their other services. Would recommend. StuartMost helpful when trying to navigate Accidental American Kids complianceThanks to Laurie Chandler for offering advice and his patience in steering me in the right direction. FionaQuestions relating to access to my 401K pensionI had some questions relating to access to my 401K pension . Lawrie was extremely helpful and patient in explaining the tax implications of several scenarios. Excellent service! ImogenPrompt and helpfulEDALE was very prompt in contacting me and quickly arranged a first appointment. I was on a short deadline and they helped me achieve my objective in time. Lawrie was very helpful and conscientious and delivered exactly what he promised. JudeDrawing down US pensions from the perspective of a UK residentLawrie was approachable, knowledgable and pragmatic on the reality of drawing down US pensions from the perspective of a UK resident. I’d recommend Lawrie and Edale. DonaldGenuine Concern EasedI had a call with Lawrie to discuss my retirement funding and challenges being a dual UK US citizen. His insight was keen, knowledgeable and helpful. We decided it was a bit early for me so I’ll be calling him closer to my retirement date in 2027. I felt no pressure and he was genuine in his advice. GreggMost helpful Knowledge and guidance offered through generosity and sincerity. Deeply appreciated blue ribbon customer service. I’m currently going through a divorce and was in desperate need of financial help and guidance. I’m a US American living in the UK. I was searching for someone who knows, and could give financial advice for both sides of the pond; so to speak. I also was wanting a small and personal, yet local group in Surrey. Laurie offered his time, pro bono, to help walk me through and do all the necessary math to get the information I was needing. He did this knowing I had no money to invest (or even give advice on) at that time. This is customer service at its very best. I think I almost cried when he said he could help me with that free of charge! StacyInformative and friendlyI had a call with Lawrie to discuss some queries I had as a US citizen living in the UK. He was very helpful and provided me with very useful information and advice ShaneVery thorough and pertinent advice from Lawrie. He has ample patience for someone my age and didn’t make me feel rushed or under pressure. I have complex tax and investment needs covering both the US and UK. My goal is to retire in the UK after many years of working in the US. This is a daunting move with tax consequences if done without advice. I was given advice for my personal situation and investment goals, and so far am very impressed with the advice I have received from edale. I look forward to working with edale in the future. VivienI would highly recommend using Edale. Lawrie has been most helpful with a variety of US retirement questions. He has provided good information and succinct advice. SarahLawrie was very helpful and provided me with some useful guidance on an investment basis. I have tax and financial affairs that are more complex than usual, due to holding multiple citizenships and Lawrie was very knowledgeable and able to answer many of my questions over a 10 minute call. I would highly recommend this company as a first port of call for financial affairs or tax planning ideation. I was able to quickly book a consultation at no cost and left the call confident in what my options were going forward. Lawrie was very patient and listened to my circumstances meaning I did not feel rushed and was reassured about my financial concerns. AlexReally helpful 121 consultationReally appreciated the 121 consultation with Lawrie who provided helpful information and considerations as a US Citizen residing in the UK. Lawrie patiently answered our specific questions as a young couple (myself American and husband British), provided a helpful resource link afterwards, and was straightforward with next steps, without it feeling like a hard sell. Would definitely recommend to anyone and would contact Lawrie in future for future planning/ questions! KathrynVery generous time and interest. Advice that I hadn’t found anywhere else. Thanks! Lawrie was very generous with his time and interest and gave me excellent advice that I hadn’t found anywhere else. Thanks! JimmieI had a long conversation with Lawrie Chandler to explore the financial implications of moving my tax residency from the US to the UK. I found his knowledge of the pros and cons very helpful. Some specialists in international relocation and tax affairs who will give only a short interview and are sparing in their advice until you sign up and pay their fees. From my experience, Edale let’s you explore the many what-ifs in a friendly exchange of views and options. My instinct tells me that the company focuses on long-term relationships built on trust and mutually beneficial results. MarkBringing clarity to UK/US retirement questionsI had an incredibly positive experience working with Edale to navigate the complex world of UK/US cross-border financial planning, especially as it relates to investing for retirement. As a dual UK/US citizen married to a fellow dual citizen, and having lived in the UK since 2010, I was overwhelmed with how to most tax-efficiently invest for retirement given our mix of accounts in both the US (IRAs and Roth IRAs) and the UK (SIPP, employer pension, and USS). Thankfully, Edale provided clarity and guidance on every front. Jesse100% Recommend Edale! Lawrie and Edale have been incredibly thorough and supportive throughout the journey – from the moment I’ve consulted about my unique circumstances with regards to investment options (being a dual US citizen living in the UK) to onboarding me as a client to invest through them. I am so happy and relieved hat I’ve finally found a solution to a problem I’ve had for years, and so grateful for Lawrie being so thorough with the whole process – all the information was made easy to digest and understand, and I could (and still can) reach out to Lawrie whenever I had/have questions, and he was readily available and prompt with his responses. I love that Edale accommodates to... --- - Published: 2023-02-28 - Modified: 2023-02-28 - URL: https://edale.co/understanding-offshore-insurance-savings-schemes-pros-and-cons-of-unit-linked-insurance-investment-plans/ - Categories: Investments - Tags: Friends Provident International, Hansard International, Investors Trust, Old Mutual International, RL360, Royal London 360, Utmost Worldwide, Zurich International Life While unit-linked insurance investment plans offered by offshore insurance savings schemes may have been popular in the past, they have come under scrutiny in recent years for being out of date and offering poor value to investors. One of the main criticisms of these plans is that they are often associated with high fees and charges. These fees can include initial charges, annual management fees, and exit penalties, which can significantly eat into the returns on an investor's investment. In addition, these plans may not offer the same level of transparency as other investment options, such as mutual funds or ETFs. Investors may not be aware of the underlying investments in the funds they are invested in, making it difficult to assess the level of risk or potential returns. Another issue with unit-linked insurance plans is that they may not be as flexible as other investment options. Investors may be locked into a particular investment strategy or unable to switch between funds without incurring significant charges or penalties. As a result of these issues, many financial experts suggest that investors should consider alternative investment options that offer greater transparency, flexibility, and lower fees. For example, investors may consider investing in low-cost index funds or ETFs, which are designed to track the performance of broad market indices and offer lower fees compared to actively managed funds. Overall, while unit-linked insurance investment plans offered by offshore insurance savings schemes may still have a place in some investors' portfolios, it is important to carefully consider the risks and fees associated with these plans and to seek professional advice before making any investment decisions. --- - Published: 2023-02-28 - Modified: 2023-02-28 - URL: https://edale.co/managing-your-offshore-insurance-savings-scheme-evaluating-your-options-and-making-informed-decisions/ - Categories: Investments If you currently have an offshore insurance savings scheme, you may be wondering what your options are and what you should do next. Here are some steps you can take to evaluate your current situation and make informed decisions about your investment. Review your current policy: The first step is to review the details of your current policy, including the fees, charges, investment options, and any insurance coverage included. Make sure you understand the terms and conditions of the policy and how it aligns with your investment goals. Assess the performance: Evaluate the performance of your investment by reviewing the historical returns of the funds you are invested in. Compare the performance to other investment options to determine if your investment is performing as expected. Consider your investment goals: Consider your investment goals and whether your current policy aligns with those goals. If your goals have changed or you are not satisfied with the performance of your investment, you may need to consider alternative investment options. Understand the fees and charges: Review the fees and charges associated with your policy, including initial charges, annual management fees, and exit penalties. These charges can significantly impact the returns on your investment and may be a reason to consider alternative investment options. Seek professional advice: Consider seeking professional advice from a financial advisor or investment professional who can help you evaluate your current situation and determine the best course of action. Consider alternatives: If you decide to switch from your current offshore insurance savings scheme, consider alternative investment options such as mutual funds, ETFs, or index funds. These options may offer greater transparency, flexibility, and lower fees compared to unit-linked insurance investment plans. In summary, if you have a current offshore insurance savings scheme, it is important to review your current policy, evaluate the performance, consider your investment goals, understand the fees and charges, seek professional advice, and consider alternative investment options. By taking these steps, you can make informed decisions about your investment and ensure that it aligns with your current financial goals. --- - Published: 2023-02-28 - Modified: 2023-02-28 - URL: https://edale.co/what-to-do-with-my-offshore-insurance-scheme/ - Categories: Expat financial advice, offshore insurance savings If you're an expatriate who is heading off to work in a new country and you have a current offshore insurance savings scheme, it's important to take a few steps to ensure that your investment is aligned with your current financial goals and needs. The first step is to review the details of your current policy, including the fees, charges, investment options, and any insurance coverage included. Consider seeking professional advice from a financial advisor or investment professional who is familiar with the local market and can help you evaluate your options. They can help you understand the tax laws in your home country and your host country, determine the tax implications of your income and investments, and identify potential risks and opportunities. When choosing a financial advisor or investment professional, it's important to select someone who has experience working with expatriates and is familiar with the specific challenges and opportunities of investing abroad. Consider asking for referrals from other expatriates or conducting online research to find reputable professionals in your host country. Once you have reviewed your current policy and sought professional advice, you may need to consider alternative investment options such as mutual funds, ETFs, or index funds. These options may offer greater transparency, flexibility, and lower fees compared to unit-linked insurance investment plans. Research the investment options available in your host country, including offshore investment opportunities and local investment vehicles. When investing abroad, it's also important to understand the risks associated with investing in a new market, including political and economic instability, currency fluctuations, and other factors that can impact the performance of your investments. Consider purchasing insurance to protect your health, property, and other assets while living overseas. Finally, keep track of your finances and investments by maintaining accurate records and monitoring your accounts regularly. This will help you stay on top of your financial situation and identify any issues or discrepancies. In summary, as an expatriate with a current offshore insurance savings scheme, it's important to review your current policy, seek professional advice, consider alternative investment options, understand the risks, consider insurance, and keep track of your finances. By taking these steps, you can make informed decisions and ensure your financial security while living and working in a new country. --- - Published: 2023-02-28 - Modified: 2023-02-28 - URL: https://edale.co/heading-to-work-abroad-financial-considerations/ - Categories: Expat financial advice If you're an expatriate who is heading off to work in a new country, you may be wondering how to manage your finances and investments while abroad. Here are some tips to help you make informed decisions and ensure your financial security while living overseas. Understand the tax implications: Before you head off to your new destination, it's important to understand the tax laws in your home country and your host country. This will help you determine the tax implications of your income, investments, and other financial activities. Consider opening a local bank account: Consider opening a local bank account in your host country to make it easier to manage your finances and avoid currency exchange fees. Be sure to research the local banking laws and regulations to ensure that you are complying with all requirements. Research investment options: Research the investment options available in your host country, including offshore investment opportunities and local investment vehicles. Consider seeking professional advice from a financial advisor or investment professional who is familiar with the local market and can help you evaluate your options. Understand the risks: Be aware of the risks associated with investing in a new market, including political and economic instability, currency fluctuations, and other factors that can impact the performance of your investments. Consider insurance: Consider purchasing insurance to protect your health, property, and other assets while living overseas. Research the insurance options available in your host country and consider seeking professional advice to ensure that you have adequate coverage. Keep track of your finances: Keep track of your finances and investments by maintaining accurate records and monitoring your accounts regularly. This will help you stay on top of your financial situation and identify any issues or discrepancies. In summary, if you're an expatriate heading off to work in a new country, it's important to understand the tax implications, consider opening a local bank account, research investment options, understand the risks, consider insurance, and keep track of your finances. By taking these steps, you can make informed decisions and ensure your financial security while living overseas. --- - Published: 2023-02-28 - Modified: 2023-02-28 - URL: https://edale.co/what-to-do-with-50-remaining-on-your-unit-linked-life-plan/ - Categories: Expat financial advice - Tags: investment advice If you have a unit-linked life plan and 50% of the policy remains, you may be wondering what your options are and how you can make the most of your investment. Here are some steps you can take to evaluate your current situation and make informed decisions about your investment. Review your current policy: The first step is to review the details of your current policy, including the fees, charges, investment options, and any insurance coverage included. Make sure you understand the terms and conditions of the policy and how it aligns with your investment goals. Assess the performance: Evaluate the performance of your investment by reviewing the historical returns of the funds you are invested in. Compare the performance to other investment options to determine if your investment is performing as expected. Consider your investment goals: Consider your investment goals and whether your current policy aligns with those goals. If your goals have changed or you are not satisfied with the performance of your investment, you may need to consider alternative investment options. Understand the fees and charges: Review the fees and charges associated with your policy, including initial charges, annual management fees, and exit penalties. These charges can significantly impact the returns on your investment and may be a reason to consider alternative investment options. Seek professional advice: Consider seeking professional advice from a financial advisor or investment professional who can help you evaluate your current situation and determine the best course of action. Consider alternatives: If you decide to switch from your current unit-linked life plan, consider alternative investment options such as mutual funds, ETFs, or index funds. These options may offer greater transparency, flexibility, and lower fees compared to unit-linked insurance investment plans. Consider surrendering the policy: If you are no longer satisfied with your unit-linked life plan, you may consider surrendering the policy. This will involve paying any applicable charges or fees, but will allow you to access the remaining value of your investment. In summary, if you have 50% remaining on your unit-linked life plan, it is important to review your current policy, evaluate the performance, consider your investment goals, understand the fees and charges, seek professional advice, consider alternative investment options, and consider surrendering the policy. By taking these steps, you can make informed decisions about your investment and ensure that it aligns with your current financial goals. --- - Published: 2023-02-14 - Modified: 2023-02-14 - URL: https://edale.co/maximizing-your-return-to-the-uk-expert-financial-advice-for-brits-abroad-returning-home/ - Categories: Investments, News - Tags: expat savings, investment advice, returning to the UK As a British expat living abroad, returning home can be an exciting prospect. However, returning to the UK after living as a Brit abroad can come with a unique set of financial considerations. As you begin planning your return to the UK, it's essential to understand the financial implications of your return, especially concerning your personal savings and pensions. When returning to the UK as a Brit abroad, it's crucial to consider the implications of currency fluctuations. Suppose you've been living abroad for an extended period. In that case, you're likely to have built up significant savings in a foreign currency. As you return to the UK, these savings will need to be converted into pounds sterling, which can be subject to volatile exchange rates. It's essential to have a strategy in place for managing currency fluctuations and avoiding unnecessary financial losses. Another critical financial consideration when returning to the UK as a Brit abroad is your pension. If you've been living and working abroad for some time, you may have accumulated pension savings in various countries. It's essential to consider the implications of transferring these pensions to the UK or leaving them abroad. The best course of action will depend on several factors, including the country in which you've been living, the currency in which your pensions are denominated, and your personal financial goals. In addition to currency fluctuations and pensions, there are several other financial considerations to keep in mind when returning to the UK as a Brit abroad. These include taxes, insurance, and banking. One crucial factor to consider is your tax status. Depending on your circumstances, you may be liable to pay tax on any income you've earned abroad, as well as any capital gains or rental income from property investments. If you're returning to the UK permanently, you'll need to inform HMRC and make sure you're paying the correct amount of tax on your income and assets. Another critical consideration is insurance. If you've been living abroad for some time, you may have become accustomed to a different insurance market. When returning to the UK, it's essential to review your insurance policies, including health, home, and car insurance, to ensure you have adequate coverage in the UK. Finally, it's essential to consider your banking options. If you've been living abroad for some time, you may have opened bank accounts in multiple countries. As you return to the UK, you'll need to consider the implications of closing these accounts, transferring funds, and setting up new accounts in the UK. Given the many financial considerations involved in returning to the UK as a Brit abroad, it's essential to seek the advice of a UK FCA authorised financial adviser. An experienced adviser can help you navigate the complex financial landscape and make informed decisions about your personal savings, pensions, taxes, insurance, and banking. In conclusion, returning to the UK as a Brit abroad can be an exciting time, but it's essential to consider the financial implications of your return. With careful planning and the help of a UK FCA authorised financial adviser, you can manage the financial challenges of your return and enjoy a smooth transition back to life in the UK. --- - Published: 2023-02-14 - Modified: 2023-02-14 - URL: https://edale.co/returning-to-the-uk-get-expert-financial-advice-from-a-uk-firm-outsiders-are-not-permitted-to-advise-you/ - Categories: News As an expat returning to the UK, there are many things to consider, especially when it comes to financial matters. Unfortunately, if you're looking for advice from a non-UK financial adviser, you may be limited in the guidance they can provide. That's because financial advice is regulated differently in each country, and non-UK advisers may not be licensed or authorized to provide advice in the UK. The first thing to understand is that financial advice in the UK is regulated by the Financial Conduct Authority (FCA). The FCA is an independent body that regulates financial services firms and financial advisers to ensure they operate fairly and transparently. Financial advisers in the UK must be authorized by the FCA to give advice on investments and other financial matters. Non-UK financial advisers may not be authorized by the FCA to provide financial advice in the UK. This means they may not have the same level of knowledge and understanding of the UK's financial landscape and regulatory framework. Additionally, they may not be aware of the tax laws and other financial regulations that apply specifically to the UK. This can limit the scope of the advice they can give. When looking for a financial adviser upon returning to the UK, it's essential to search for one that is authorized by the FCA. A UK-based financial adviser will have a more in-depth understanding of the financial environment in the UK, including investment options, tax laws, and regulatory requirements. They'll also be able to provide more comprehensive advice that's tailored to your specific needs and goals. The FCA maintains a register of authorized financial advisers and financial services firms. You can search this register online to find authorized advisers in your area. Additionally, you can ask for referrals from friends, family members, or colleagues who have worked with a financial adviser in the past. When selecting a financial adviser, it's essential to ask about their qualifications, experience, and areas of expertise. You'll want to work with an adviser who has a good understanding of your financial goals and can provide advice that's aligned with your needs. You'll also want to consider their fees and charges to ensure you're getting value for your money. In conclusion, as an expat returning to the UK, it's essential to seek financial advice from a UK-based financial adviser authorized by the FCA. Non-UK financial advisers may be limited in the advice they can provide and may not have the same level of knowledge and understanding of the UK's financial landscape. By finding an authorized adviser who understands your financial goals and has the expertise to provide tailored advice, you can make the most of your financial return to the UK. --- - Published: 2023-02-14 - Modified: 2023-02-14 - URL: https://edale.co/expert-money-market-offering/ - Categories: News A money market investment professional can provide several benefits when managing your cash assets, including: Expertise: Money market investment professionals have the knowledge and experience to assess the risk and return potential of different cash assets, and can help you make informed decisions about where to invest your money. Diversification: By investing in a variety of cash assets, a money market professional can help you spread your risk and potentially enhance your returns. Access to higher-yielding investments: Money market investment professionals have access to a range of investment options that may not be available to individual investors, such as short-term corporate bonds and commercial paper, which can provide higher yields. Active management: A money market professional can actively manage your cash assets to take advantage of market opportunities and adjust your investments based on changing market conditions. Convenience: Having a money market investment professional manage your cash assets can save you time and effort, as they can handle the day-to-day monitoring and maintenance of your investments. Banks offer different interest rates on fixed-term deposits for several reasons: Competition: Banks compete with one another for deposits from customers, and offer varying interest rates to attract deposits from consumers. Funding needs: Banks need to fund their lending activities and operations, and offer varying interest rates to attract the amount of funds they need at any given time. Market conditions: Interest rates are influenced by the prevailing economic conditions, such as inflation, unemployment, and the demand for credit. Banks adjust their deposit rates to reflect changes in market conditions. When considering fixed-term deposits as an investment option, the following are the main considerations: Interest rate: The interest rate is a crucial factor when choosing a fixed-term deposit. Compare the interest rates offered by different banks to find the best return on your investment. Term: Fixed-term deposits offer different terms ranging from a few months to several years. Choose a term that aligns with your investment goals and liquidity needs. Minimum deposit: Some fixed-term deposits require a minimum deposit amount. Consider whether you can meet the minimum deposit requirement before choosing a deposit. Penalties: Some fixed-term deposits may charge penalties for early withdrawal. Be aware of the penalty fee and the impact on your returns if you need to withdraw funds before the end of the term. Safety: Consider the financial stability and reputation of the bank when choosing a fixed-term deposit. Look for banks with strong credit ratings and regulatory oversight. Tax implications: Fixed-term deposits generate interest income that is taxable. Consider the tax implications and your tax bracket when choosing a fixed-term deposit. --- - Published: 2023-02-14 - Modified: 2023-02-14 - URL: https://edale.co/uae-residents-returning-to-the-uk-financial-considerations/ - Categories: News rits leaving the UAE to return to the UK face several challenges when it comes to managing their pensions and savings. The UAE's financial landscape is vastly different from that of the UK, and non-UK financial advisers may not be familiar with the nuances of the UK's financial regulations and tax laws. That's why it's essential to select a UK financial adviser to help with managing pensions and savings. In this article, we'll explore the reasons why a UK adviser is the best choice for Brits returning from the UAE. Expertise in UK financial regulations and tax laws A UK financial adviser will have an in-depth understanding of the UK's financial regulations and tax laws, which is essential when it comes to managing pensions and savings. They will be able to provide tailored advice that takes into account your unique circumstances and goals, as well as the various tax implications. Understanding of UK pension schemes UK pension schemes can be complex, and non-UK financial advisers may not be familiar with the different types of pensions available in the UK. A UK adviser will be able to guide you through the various options available and help you choose a pension scheme that's right for you. Availability of UK pension transfer options If you have a pension plan in the UAE, it may be possible to transfer it to a UK pension plan. A UK adviser will be able to provide advice on the transfer process and help you choose the right pension plan to transfer your funds into. Access to UK savings and investment options Non-UK financial advisers may not have access to the same range of savings and investment options that are available in the UK. A UK adviser will be able to provide advice on a wide range of options, including ISAs, savings accounts, and investment funds. Compliance with UK financial regulations Financial advice in the UK is regulated by the Financial Conduct Authority (FCA), which ensures that financial advisers operate transparently and fairly. A UK financial adviser will be authorized by the FCA to provide advice in the UK, giving you the peace of mind that you're receiving advice from a reputable and trustworthy source. In conclusion, Brits leaving the UAE to return to the UK should select a UK financial adviser to help with managing pensions and savings. A UK adviser will have an in-depth understanding of the UK's financial regulations and tax laws, as well as access to a range of savings and investment options. They will also be able to guide you through the complex pension transfer process and ensure compliance with UK financial regulations. By choosing a UK financial adviser, you can ensure that your financial future is in safe hands. --- - Published: 2023-02-14 - Modified: 2023-02-14 - URL: https://edale.co/why-expats-should-choose-a-good-jurisdiction-for-savings-mitigating-risks-in-emerging-markets/ - Categories: News Expatriates or expats are individuals who live and work outside of their home country. They may relocate for work or personal reasons and often face unique financial challenges. One of the biggest challenges is choosing a good jurisdiction for savings. Capital market controls and death in country systems can cause probate and estate planning issues for expats. This blog post will discuss the reasons why expats should choose a good jurisdiction for savings, with a focus on the risks and challenges faced by expats working in emerging markets. The article will reference Brazil, the UAE, and Malaysia as examples of emerging markets where expats may face specific challenges. I. Risks Faced by Expats in Emerging Markets a. Capital Market Controls Emerging markets often have strict capital market controls that limit the ability to move money in and out of the country. This can make it difficult for expats to access their savings when needed. Capital market controls can also limit investment opportunities, making it difficult for expats to diversify their portfolio and achieve their financial goals. Examples: Brazil, which has strict currency exchange regulations, or the UAE, where the Central Bank imposes limits on foreign currency transfers. b. Death in Country Systems In many emerging markets, the legal and regulatory framework for inheritance and estate planning may not be well-established. Expats may face additional challenges because they may not be familiar with the local laws and procedures. Examples: Malaysia, where Islamic inheritance law applies to Muslims, or Brazil, where probate and estate planning can be complex and time-consuming. II. Choosing a Good Jurisdiction for Savings a. Access to Capital Markets A good jurisdiction for savings should offer access to a range of investment opportunities, including stocks, bonds, and mutual funds. It should also have a well-established regulatory framework that protects investors and ensures transparency. Examples: The US, which has one of the largest and most well-regulated capital markets in the world, or Singapore, which is known for its strong investor protections and regulatory framework. b. Estate Planning and Inheritance Laws A good jurisdiction for savings should have clear and well-established laws and procedures for inheritance and estate planning. It should also recognize and enforce foreign wills and trusts, to ensure that expats' assets are distributed according to their wishes. Examples: The UK, which has a well-established legal framework for inheritance and estate planning, or Switzerland, which recognizes foreign wills and trusts and has a well-developed private banking sector. III. Mitigating Risks in Emerging Markets a. Seek Professional Advice Expats should seek professional advice from a financial advisor, lawyer, or tax expert to understand the local laws and regulations. They should also consider working with a wealth manager or private bank that has experience working with expats in emerging markets. Examples: A Brazilian lawyer or tax expert who can advise expats on probate and estate planning issues, or a Singapore-based wealth manager who can provide access to a range of investment opportunities. b. Consider a Jurisdictional Arbitrage Strategy Jurisdictional arbitrage is a strategy that involves taking advantage of the differences in regulatory and legal frameworks across jurisdictions. Expats can consider holding their savings and investments in a jurisdiction that offers better access to capital markets or more favorable estate planning laws. Examples: A UK-based expat who chooses to hold their savings in a Swiss bank account, or a Malaysian expat who invests in US-based mutual funds. Conclusion: Choosing a good jurisdiction for savings is essential for expats who want to mitigate the risks of capital market controls and death in country systems. Emerging markets present unique challenges. --- - Published: 2023-02-14 - Modified: 2023-02-14 - URL: https://edale.co/expats-understanding-inheritance-and-estate-planning-under-islamic-law/ - Categories: News Islamic law, also known as Sharia law, is based on religious principles and values that are derived from the Quran and the teachings of Prophet Muhammad. Sharia law provides guidance on all aspects of life, including inheritance and estate planning. In this blog post, we will discuss how an estate is divided under Islamic law in the event of death in an Islamic law country. I. The Principles of Inheritance under Islamic Law a. Distribution of Inheritance Under Islamic law, the distribution of inheritance is based on the Quranic principle of fixed shares. This means that each heir is entitled to a predetermined share of the estate, based on their relationship to the deceased. The fixed shares are calculated based on the Quranic formula, which takes into account the number of heirs and the relationships between them. b. Priority of Heirs Islamic law gives priority to certain heirs over others, based on their relationship to the deceased. The first priority is given to the spouse, followed by children, parents, and siblings. If there are no eligible heirs in any of these categories, the estate may be distributed to more distant relatives or even to the poor. c. Prohibition on Disinheritance Under Islamic law, it is not possible to disinherit an heir. This means that even if the deceased has a strained relationship with a certain heir, that heir is still entitled to their fixed share of the estate. II. The Process of Estate Planning under Islamic Law a. Wills and Testaments In Islamic law, the deceased can leave a will or testament, but it cannot be used to alter the fixed shares of the heirs. A will can only be used to distribute any residual assets that are left over after the fixed shares have been distributed. b. The Role of Executors Islamic law allows the appointment of an executor, or wali, to administer the estate and ensure that the fixed shares are distributed correctly. The executor must be a trustworthy and competent individual, and may be appointed by the deceased before their death or by the court after their death. III. Practical Implications for Expats Living in Islamic Law Countries a. Understanding Local Laws and Customs Expats living in Islamic law countries should be aware of the local laws and customs regarding inheritance and estate planning. They should consult with a local lawyer or religious scholar to ensure that their estate plan is in compliance with Islamic law. b. Special Considerations for Non-Muslim Expats Non-Muslim expats living in Islamic law countries may be subject to different inheritance laws than Muslim expats. Some countries may allow non-Muslims to opt-out of Sharia law and choose to have their estates distributed according to their own religious or cultural traditions. It is important for non-Muslim expats to understand the local laws and regulations in order to make an informed decision about their estate planning. Conclusion: Inheritance and estate planning under Islamic law are based on religious principles and values that have been developed over centuries. The principles of fixed shares, the priority of heirs, and the prohibition on disinheritance provide a framework for ensuring that the estate is distributed fairly and in accordance with Islamic values. Expats living in Islamic law countries should be aware of the local laws and customs, and consult with a local lawyer or religious scholar to ensure that their estate plan is in compliance with Islamic law. Why Expats Abroad Should Consider Moving Cash and Investment Assets to a Neutral Jurisdiction Introduction: Expats living abroad face unique financial challenges, including the risk of capital controls and restrictions on the movement of assets in certain countries. To mitigate these risks, many expats choose to move their cash and investment assets to a neutral jurisdiction that is more favorable and provides greater discretion over where assets are placed. In this blog post, we will discuss the reasons why expats should consider moving their cash and investment assets to a neutral jurisdiction. I. The Risks of Capital Controls and Restrictions on Asset Movement a. Emerging Markets and Political Instability Many emerging market countries are vulnerable to political instability and economic uncertainty, which can lead to capital controls and restrictions on the movement of assets. Expats living and working in these countries are particularly vulnerable to these risks, as their assets may be subject to seizure or frozen in the event of political or economic instability. b. Death in Country and Probate and Estate Planning Issues The risk of death in a foreign country is also a concern for expats, as different countries have different probate and estate planning laws that can make it difficult for heirs to access assets. In some countries, assets may be frozen or tied up in probate proceedings for years, making it difficult for heirs to access their inheritance. II. The Advantages of Moving Assets to a Neutral Jurisdiction a. Greater Discretion and Control Over Asset Placement By moving their assets to a neutral jurisdiction, expats can have greater discretion and control over where their assets are placed. Neutral jurisdictions typically have more favorable tax laws and investment regulations, which can help expats protect and grow their wealth. b. Protection Against Political and Economic Risks Moving assets to a neutral jurisdiction can also provide protection against political and economic risks in the expat's country of residence. In the event of political or economic instability, assets held in a neutral jurisdiction are less likely to be subject to seizure or frozen. III. Examples of Neutral Jurisdictions for Expats a. Isle of Man The Isle of Man is a self-governing British Crown dependency that offers a range of offshore banking and investment services. The jurisdiction is known for its favourable tax laws and strong regulatory environment. b. Jersey Jersey is a British Crown dependency located off the coast of Normandy, France. The jurisdiction is known for its strong financial services industry and favourable tax laws. Jersey is a well-regulated jurisdiction and offers a range of banking and investment services to expats. c. Luxembourg Luxembourg is a popular destination for expats looking to move their assets to a neutral jurisdiction. The country has a stable political and economic environment, as well as favorable tax laws and investment regulations. d. Guernsey Guernsey is also a British Crown dependency located off the coast of Normandy, France. Like Jersey, Guernsey is known for its strong financial services industry and favourable tax laws. The jurisdiction is well-regulated and offers a range of banking and investment services to expats. Conclusion: Expats living abroad face unique financial challenges, including the risk of capital controls and restrictions on the movement of assets in certain countries. Moving cash and investment assets to a neutral jurisdiction can help mitigate these risks and provide greater discretion and control over asset placement. Expats should consider moving their assets to a neutral jurisdiction to protect and grow their wealth, as well as to ensure that their heirs have access to their inheritance in the event of death in a foreign country. --- - Published: 2023-02-07 - Modified: 2023-02-07 - URL: https://edale.co/reasons-why-americans-in-the-uk-or-us-uk-citizens-may-wish-to-consolidate-their-pensions/ - Categories: News There are several reasons why Americans in the UK or US/UK citizens may wish to consolidate their pensions: Simplification: Having multiple pensions can be confusing and difficult to manage, especially if the pensions are held with different providers. Consolidating pensions into one account simplifies the process of managing and tracking retirement savings. Improved investment options: By consolidating pensions, individuals may have access to a wider range of investment options, potentially leading to higher returns. Lower fees: Holding multiple pensions can result in multiple fees, such as annual administration fees, investment management fees, and charges for transferring pensions. By consolidating pensions, individuals can potentially reduce the overall cost of managing their retirement savings. Ease of access: Consolidating pensions can make it easier to access retirement savings in the future, as individuals will only need to deal with one provider. Better retirement planning: Having all of their retirement savings in one place can make it easier for individuals to track their progress towards their retirement goals and make any necessary adjustments to their retirement plans. It is important to note that pension consolidation should be carefully considered, as there may be costs associated with transferring pensions and potential changes to the terms and conditions of the pensions being consolidated. It is recommended to seek professional advice from a financial advisor or pension specialist before making any decisions about pension consolidation. --- - Published: 2023-02-07 - Modified: 2023-02-07 - URL: https://edale.co/pension-consolidation-rundown/ - Categories: News Pension consolidation is the process of combining multiple pensions into one account. This can simplify the management of retirement savings and potentially provide access to a wider range of investment options, lower fees, and improved retirement planning. However, there are also potential downsides to consider, including the costs of transferring pensions and changes to the terms and conditions of the pensions being consolidated. It is important to understand that there are two main types of pensions: defined contribution and defined benefit. Understanding the differences between these two types of pensions can help individuals make informed decisions about whether pension consolidation is the right choice for them. Defined Contribution Pensions A defined contribution pension, also known as a savings pension or a money purchase pension, is an individual retirement account where contributions are made by the individual and/or their employer. The value of the pension at retirement is determined by the contributions made, investment returns, and charges. Advantages of defined contribution pensions include flexibility, control over investment decisions, and portability. However, defined contribution pensions also come with the risk that the value of the pension may be less than expected if investment returns are lower than anticipated. Defined Benefit Pensions A defined benefit pension, also known as a final salary pension, is a type of pension where the value of the pension at retirement is determined by a formula based on the individual's salary and length of service. The pension is typically paid as a fixed monthly income. Advantages of defined benefit pensions include a guaranteed income at retirement and protection against market volatility. However, defined benefit pensions may also have limitations, such as restrictions on early retirement or the ability to transfer the pension to another provider. Reasons to Consider Pension Consolidation Simplification: Holding multiple pensions can be confusing and difficult to manage, especially if the pensions are held with different providers. Consolidating pensions into one account simplifies the process of managing and tracking retirement savings. Improved Investment Options: By consolidating pensions, individuals may have access to a wider range of investment options, potentially leading to higher returns. Lower Fees: Holding multiple pensions can result in multiple fees, such as annual administration fees, investment management fees, and charges for transferring pensions. By consolidating pensions, individuals can potentially reduce the overall cost of managing their retirement savings. Ease of Access: Consolidating pensions can make it easier to access retirement savings in the future, as individuals will only need to deal with one provider. Better Retirement Planning: Having all of their retirement savings in one place can make it easier for individuals to track their progress towards their retirement goals and make any necessary adjustments to their retirement plans. Reasons Not to Consolidate Defined Benefit Pensions Guaranteed Income: Defined benefit pensions offer a guaranteed income at retirement, which may not be possible with a defined contribution pension. Consolidating a defined benefit pension into a defined contribution pension may result in a lower income at retirement. Restrictions on Early Retirement: Defined benefit pensions may have restrictions on early retirement, such as early retirement penalties. Consolidating a defined benefit pension into a defined contribution pension may result in the loss of these restrictions. Transfer Restrictions: Defined benefit pensions may also have restrictions on transferring the pension to another provider. Consolidating a defined benefit pension into a defined contribution pension may result in the loss of these restrictions. Complexity: Consolidating defined benefit pensions can be more complex than consolidating defined contribution pensions, as there may be additional rules and restrictions to consider. In conclusion, pension consolidation can be a good option for individuals who want to simplify the management of their retirement --- - Published: 2023-01-31 - Modified: 2023-01-31 - URL: https://edale.co/end-of-tax-return-day-still-bring-pension-thinking/ - Categories: News The passing of deadline for submitting the 2021/22 tax return has come, but there are significant financial and tax questions to be considered. Here's some of the most frequent topics we get from high earners. Explain how to calculate my Tapered Annual Allowance - threshold and adjusted income UK pensions The Tapered Annual Allowance is a reduction in the amount of pension contributions that can be made tax-free in a given tax year for high-earning individuals in the UK. The amount of the reduction depends on the individual's "threshold income" and "adjusted income. " Threshold Income: The threshold income is the same as the figure used to determine if extra National Insurance Contributions (NICs) are payable. For the tax year 2022-2023, the threshold income is £9,568. Adjusted Income: Adjusted income is calculated as the sum of your taxable income, taxable pensions and any taxable benefits, excluding personal pension contributions. If your adjusted income is above £240,000 in a given tax year, your Tapered Annual Allowance will be reduced. To calculate your Tapered Annual Allowance: Determine your threshold income and adjusted income for the tax year. Calculate the reduction factor: If your adjusted income is between £240,000 and £300,000, the reduction factor is £1 for every £2 of adjusted income above £240,000. If your adjusted income is above £300,000, the reduction factor is £1 for every £1 of adjusted income above £300,000. Calculate the Tapered Annual Allowance: Subtract the reduction factor from the standard Annual Allowance of £40,000. The Tapered Annual Allowance cannot be less than £4,000. It is important to note that these calculations may change from year to year depending on changes to the tax laws. It is always a good idea to check the current rules for the current tax year. Can I use past pension allowance to make a contribution today? Yes, use pension carry forward. Pension carry forward is a rule that allows individuals in the UK to make contributions to their pension plan beyond the annual contribution limit (also known as the Annual Allowance) in certain circumstances. The idea behind carry forward is to allow individuals to make up for any unused contribution room from previous years. Here's how pension carry forward works: Determine the Annual Allowance for the current tax year. Calculate your pension contributions for the current tax year and any previous three tax years. Subtract the total contributions for the current tax year and the previous three tax years from the Annual Allowance for the current tax year. The remaining amount is your available carry forward allowance, which you can use to make additional pension contributions in the current tax year. It is important to note that pension carry forward is a complex rule and there may be additional restrictions and considerations, such as the Tapered Annual Allowance for high-earning individuals. It is always a good idea to consult a financial advisor or a pensions expert for specific advice on your situation. Financial planning questions high earners in the UK should be asking themselves High earners in the UK may face a number of financial planning challenges, including managing their income, maximising their savings and investments, and planning for retirement. Here are some questions that high earners should be asking themselves as part of their financial planning process: Am I maximising my tax efficiency? High earners may need to consider tax-efficient strategies to minimize the impact of their income on their tax bill, such as using a pension plan or ISA. Am I saving enough for retirement? High earners should consider the amount they need to save each month to reach their retirement goals, as well as the type of pension plan that would be most suitable for their needs. How will I manage my investment portfolio? High earners should consider the right mix of investments to help them achieve their financial goals, as well as the risks associated with each type of investment. How will I manage any debt I have? High earners should consider the best strategies for managing any debt they have, such as paying off high-interest credit card debt or taking out a loan with a lower interest rate. How will I plan for unexpected events, such as illness or unemployment? High earners should consider taking out insurance policies to help protect themselves and their families in case of unexpected events. How will I pass on my wealth to future generations? High earners should consider the best strategies for passing on their wealth to their children or other beneficiaries, such as writing a will or setting up a trust. It is always a good idea to seek advice from a financial advisor or a pensions expert to help you with your financial planning and make sure that you are making the most of your income and wealth. --- - Published: 2023-01-31 - Modified: 2023-01-31 - URL: https://edale.co/challenges-for-americans-living-in-the-uk-saving-efficiently-paying-taxes-and-more/ - Categories: News Americans who live in the UK may face a number of financial and tax-related challenges, from managing their savings to paying taxes to both the Internal Revenue Service (IRS) and Her Majesty's Revenue and Customs (HMRC). In this article, we will explore the key challenges faced by Americans living in the UK, as well as provide tips and advice on how to overcome them. Saving Efficiently One of the biggest challenges faced by Americans living in the UK is finding ways to save efficiently and grow their wealth. With the high cost of living in many parts of the UK, it can be difficult to set aside money for savings and investments. Additionally, the fluctuating exchange rates between the pound and the dollar can also make it challenging to save effectively. To overcome these challenges, Americans living in the UK should consider the following tips: Make a budget: The first step in saving efficiently is to determine how much money you have coming in and going out each month. This will help you identify areas where you can cut back on expenses and put more money into savings. Take advantage of savings and investment opportunities: The UK has a number of savings and investment opportunities, including ISAs and pensions, that offer tax benefits. Consider setting up a savings account or investment portfolio to take advantage of these opportunities. Consider a currency exchange service: If you are earning income in pounds and need to transfer funds back to the US, you may be losing money due to fluctuating exchange rates. Consider using a currency exchange service to help reduce the impact of exchange rate fluctuations on your savings. Paying Taxes to the IRS and HMRC Another major challenge faced by Americans living in the UK is paying taxes to both the IRS and HMRC. As a US citizen, you are required to file a US tax return each year, regardless of where you live in the world. This means that you may need to pay taxes on your worldwide income, including any income you earn in the UK. At the same time, you will also need to pay taxes to HMRC on any income you earn in the UK. This can be a complex and confusing process, especially if you are not familiar with the UK tax system. To help manage this challenge, consider the following tips: Seek professional advice: Consider hiring a tax professional who is familiar with both the US and UK tax systems to help you navigate the complex tax landscape. File your US tax return on time: The IRS has strict deadlines for filing tax returns, so make sure you file your US tax return on time each year to avoid any penalties or interest charges. Keep accurate records: Keeping accurate records of your income, expenses, and other financial information is essential for both your US and UK tax returns. Make sure you keep all relevant financial documents, such as pay stubs, bank statements, and investment statements, in a safe place FATCA, Financial Instituons and eventual Fatigue For American citizens living in the UK, opening a bank or savings account can be a complex and challenging process due to the Foreign Account Tax Compliance Act (FATCA). This act requires foreign financial institutions, including banks and savings institutions, to report information about US citizens with accounts overseas to the Internal Revenue Service (IRS). As a result, many financial institutions in the UK are reluctant to offer banking and savings services to Americans due to the increased compliance requirements and potential penalties for non-compliance. Here are some of the challenges faced by Americans living in the UK when opening bank and savings accounts: Difficulty finding financial institutions that accept Americans: Due to FATCA, many financial institutions in the UK are reluctant to offer banking and savings services to Americans. This can make it difficult for Americans to find a financial institution that will accept them as a customer. Increased compliance requirements: In order to comply with FATCA, financial institutions in the UK must collect and report information about their American customers to the IRS. This can result in increased compliance requirements, such as additional documentation and paperwork, for Americans when opening a bank or savings account. Potential penalties for non-compliance: Financial institutions that fail to comply with FATCA can face substantial penalties, which may make them even more reluctant to offer services to Americans. To overcome these challenges, Americans living in the UK can take the following steps: Research financial institutions that accept Americans: Before opening a bank or savings account, it is important to research financial institutions in the UK that are willing to accept Americans as customers. You can start by contacting local banks and credit unions to find out if they offer services to Americans. Be prepared to provide additional documentation: Due to the increased compliance requirements under FATCA, you may be required to provide additional documentation and information when opening a bank or savings account. Be prepared to provide proof of identity, proof of address, and information about your financial situation. Consider using an offshore bank or savings institution: If you are unable to find a financial institution in the UK that is willing to offer services to Americans, you may want to consider using an offshore bank or savings institution. While these institutions may have different regulations and requirements, they may offer services that are more accessible to Americans. So opening a bank or savings account as an American citizen living in the UK can be challenging due to FATCA. However, by researching financial institutions that accept Americans, being prepared to provide additional documentation, and considering alternative options, Americans can find solutions that meet their financial needs and avoid fatigue if they consult a professional. --- - Published: 2023-01-31 - Modified: 2024-01-30 - URL: https://edale.co/you-dont-need-to-be-a-millionaire-american-in-the-uk-to-save-sensibly/ - Categories: News As an American living in the UK, there are several steps you can take to save for the future and your family, regardless of your millionaire status: Establish a budget: Start by creating a budget to help you understand your income and expenses and determine how much you can afford to save each month. Consider a savings account: Open a savings account in a bank or building society in the UK to help you grow your savings and earn interest. Shop around for the best interest rates and consider an online savings account for the most convenience. Take advantage of employer pension schemes: If your employer offers a pension scheme, consider enrolling in it. This will allow you to save for your retirement and potentially receive employer contributions, which can help you reach your savings goals faster. Invest in ISAs: Consider investing in an Individual Savings Account (ISA) in the UK. ISAs offer tax-free savings and investment opportunities, which can help you grow your savings faster. Avoid debt: Try to avoid taking on debt, as interest payments can make it harder to save for the future. If you do have debt, consider paying it off as quickly as possible to free up more money for savings. Seek financial advice: Consider seeking the advice of a financial advisor in the UK to help you create a financial plan and achieve your savings goals. By following these steps, you can take control of your finances and start saving for your future and your family, even if you are not a millionaire. Remember, it's never too early or too late to start saving, and every little bit helps. Fingers of FATCA making life hard The Foreign Account Tax Compliance Act (FATCA) is a US tax law that requires foreign financial institutions (FFIs) to report information about US citizens and residents to the US Internal Revenue Service (IRS). This includes information about their financial accounts, such as bank accounts, investments, and insurance policies. For dual citizens of the UK and the US, FATCA can create complications if they have financial accounts in both countries. In order to comply with FATCA, FFIs in the UK may require dual citizens to provide information about their US citizenship and tax residency status, as well as their US taxpayer identification number (TIN). This can create challenges for dual citizens who wish to maintain their privacy or who do not have a US TIN, as they may be required to provide additional documentation or face account closures or restrictions. In addition, dual citizens may also be subject to double taxation if they have taxable income or assets in both countries. It is recommended that dual citizens to seek the advice of a financial advisor or tax professional to understand their obligations under FATCA and to minimize the risk of any potential complications. Contact edale easily Click to call to speak with us WhatsApp chat support your needs --- - Published: 2023-01-15 - Modified: 2024-02-15 - URL: https://edale.co/avoiding-a-mess-with-a-suitable-investment-strategy-for-american-expats-and-children-with-us-citizenship/ - Categories: Expat financial advice - Tags: American Expats, Excess Distributions, Foreign Mutual Funds, Investment Income for Minors, Junior ISA, PFIC, Tax-Efficient Investing for Children, U.S. Tax for Expats American families living abroad face a common financial dilemma: how to invest wisely for their children's future. Many opt for foreign mutual funds, a sound strategy until the U. S. tax implications of such investments become apparent, especially for minors. Understanding the PFIC Quagmire Passive Foreign Investment Companies (PFICs), while a staple in foreign investment portfolios, bring a unique set of challenges for American investors, particularly when these accounts are set up for children. Normally, minors with investment income below $1,050 enjoy tax-free growth in the U. S. However, the ownership of foreign mutual funds, even with minimal dividends, triggers the need for filing Form 8621, complicating what should be a straightforward savings plan. The Parental Pitfall: Opening Investment Accounts Many American expats, in a bid to secure their children's financial future, open investment accounts like the Junior ISA in the UK. These accounts, while tax-efficient locally, do not shield American children from the U. S. taxman's reach due to the PFIC classification. The Silver Lining: De Minimis Rules to the Rescue Fortunately, there's a glimmer of hope for parents navigating this maze. The IRS offers a de minimis rule, exempting investors from filing Form 8621 if the total PFIC holdings are under $25,000. This threshold provides a buffer for most expat families, ensuring that small, parent-funded accounts can grow without the added burden of complex tax filings, provided no "excess distributions" occur. Treading Carefully: The Excess Distribution Trap However, the path is not entirely clear of obstacles. The de minimis exception has its caveats, particularly around "excess distributions," a term that brings additional filing requirements and potential tax liabilities, even for seemingly insignificant account activities. Key Takeaways for Expatriate Families Investment Income Threshold: Be mindful of the $1,050 threshold for minors, which usually exempts them from U. S. tax filings. PFIC Awareness: Recognize the tax implications of foreign mutual funds and the necessity of Form 8621 for even minimal dividends. Strategic Planning: Utilize the de minimis exemption wisely, staying informed about the nuances of "excess distributions" to avoid unexpected tax filings. Conclusion For American expats, investing for their children's future in foreign mutual funds requires careful navigation of the PFIC landscape. By understanding the tax implications and utilizing strategic exemptions, families can avoid the pitfalls of unexpected tax burdens and ensure their investments truly benefit their children. --- - Published: 2022-03-23 - Modified: 2022-04-08 - URL: https://edale.co/lockdowns-and-workouts/ - Categories: News On the anniversary of two years of lockdown in the UK here is a view of what we’ve been up to over that time. Work from home, work from office (#WFH) and a bit of work from anywhere. We have now added new offices in London to the existing base in Reigate, Surrey. This seems counterintuitive for some people as many talk about closing offices. Edale has had some great adventures through this torrid time and some memorable achievements. In the week up to the UK lockdown on the 23rd March 2020, we were in Worcestershire doing some workshops with some start-up businesses. We moved to a hybrid delivery for the 18th March session with a few people already on zoom and a few at the kiln coworking space. Who knew that we would be living online for such an expanse of time. Space2Waves Epitomises what we did during lockdown in that an internationalisation program was moved to digital delivery where we were helping maritime and space companies with their planning, development and connections into the United Arab Emirates and South Africa. Our initial activities involve workshops with regard to doing business in these two markets and one-to-one coaching. Additional work then involved fact-finding to identify local corporate that could do business with the cohort members. Further, we then added a virtual matchmaking showcase. And now we have a plan to deliver a virtual trade mission through online delivery in May 2022. Year-end saw us take desks in London. We also managed social media for Santa Landing and Sleigh through the streets of Reigate and Redhill. This charity work raised £16,000 for good local causes and was a nice thing as omicron spread through the country and allowed people to come to their front door for festive cheer. February 2022 saw the return of travels and business planning. Through the month we visited Miami, the hub for financial services into Latin America and Abu Dhabi planning for business expansion and development of new projects. Nice to see an airport busy again. 2021 saw us move our business support up with us now working in over 20% of the LEPs regions in England. --- - Published: 2021-11-05 - Modified: 2021-11-05 - URL: https://edale.co/first-structural-fund-uses-for-businesses-post-brexit/ - Categories: News - Tags: Community Renewal Fund Smaller company business support across the UK has been principally been funded by the European Regional Development Fund (ERDF). Following Brexit, these programmes will be reaching the end of their funded lives and new monies will be coming from a new scheme from Westminister. The Community Renewal Fund is a transition mechanism as the UK Prosperity Fund is created. Given Edale's role in business support, we thought it useful to analyse how the funds were allocated. Here are some of the interesting trends from the 3 November published announcement based on Edale analysis. A total of £203,208,427 has been allocated to 477 projects. This is regionally split England 61. 79%, Scotland 9. 07%, Wales 23. 06% and Northern Ireland 6. 08%. RegionTotal AmountNumber of Projects England £125,561,514 225 Northern Ireland £12,362,975 31 Scotland £18,428,681 56 Wales £46,855,257 165 Grand Total £203,208,427 477 England regional allocation descending England has recieved £125m with the top five regions getting a third of funds. The top 10 regions get 45% of the funds. The big beneficiaries are Devon County Council, Sheffield City Region Combined Authority, Kent County Council, Norfolk County Council and West Midlands Combined Authority. RegionAllocation Devon County Council7. 44% Sheffield City Region Combined Authority6. 55% Kent County Council5. 46% Norfolk County Council5. 22% West Midlands Combined Authority4. 27% Essex County Council3. 54% Greater Manchester Combined Authority3. 47% Nottinghamshire County Council3. 14% Greater London Authority3. 02% Somerset County Council2. 90% Lancashire County Council2. 77% Cambridgeshire and Peterborough Combined Authority2. 70% Hertfordshire County Council2. 60% Leicester City Council2. 38% Nottingham City Council2. 29% North Northamptonshire Unitary Council2. 27% North Somerset Council2. 26% Liverpool City Region Combined Authority2. 24% Worcestershire County Council2. 22% Stoke-on-Trent City Council2. 21% Warwickshire County Council2. 21% East Sussex County Council2. 05% West Yorkshire Combined Authority2. 02% West of England Combined Authority1. 96% Gateshead Council1. 74% Derbyshire County Council1. 59% Sunderland City Council1. 27% Portsmouth City Council1. 27% Tees Valley Combined Authority1. 24% North of Tyne Combined Authority1. 23% Herefordshire County Council1. 23% Staffordshire County Council1. 20% North Lincolnshire Council1. 05% North East Lincolnshire Council1. 03% Plymouth City Council0. 95% Southend-on-Sea Borough Council0. 84% Cornwall Council0. 84% Suffolk County Council0. 75% Durham County Council0. 67% Torbay Council0. 65% Lincolnshire County Council0. 65% Blackpool Council0. 62% North Yorkshire County Council0. 61% Buckinghamshire Council0. 61% Blackburn with Darwen Borough Council0. 55% Medway Council0. 48% City of York Council0. 47% Isles of Scilly Council0. 35% West Northamptonshire Unitary Council0. 27% Hampshire County Council0. 17% Hull City Council0. 16% Oxfordshire County Council0. 13% Thurrock Council0. 08% Dorset Council0. 07% Grand Total100. 00% Scotland regional allocation descending RecipientAllocation North Lanarkshire Council13. 70% Argyll and Bute Council11. 02% Dumfries and Galloway Council8. 02% Scottish Borders Council7. 26% East Ayrshire Council7. 05% Falkirk Council7. 01% North Ayrshire Council6. 41% Glasgow City Council5. 59% South Ayrshire Council5. 51% South Lanarkshire Council4. 75% Inverclyde Council4. 50% Aberdeenshire Council3. 98% Clackmannanshire Council3. 18% East Lothian Council2. 37% Dundee City Council1. 88% West Dunbartonshire Council1. 77% Aberdeen City Council1. 66% Fife Council1. 28% Highland Council1. 26% Comhairle Nan Eilean Siar 0. 90% Perth and Kinross Council0. 58% Edinburgh City Council0. 33% Grand Total100. 00% Wales regional allocation descending RecipientAllocation Torfaen County Borough Council8. 24% Carmarthenshire County Council6. 29% Pembrokeshire County Council6. 24% Denbighshire County Council6. 17% Ceredigion County Council6. 04% Newport City Council5. 98% Isle of Anglesey County Council5. 81% Blaenau Gwent County Borough Council5. 78% Powys County Council5. 72% Swansea Council5. 69% Gwynedd Council5. 68% Neath Port Talbot Council5. 15% Conwy County Borough Council4. 90% Rhondda Cynon Taf County Borough Council4. 72% Monmouthshire County Council4. 36% Merthyr Tydfil County Borough Council4. 21% Caerphilly County Borough Council2. 83% Vale of Glamorgan Council2. 27% Cardiff Council1. 79% Bridgend County Borough Council1. 68% Wrexham County Borough Council0. 47% Grand Total100. 00%   Northern Ireland allocation descending RecipientAllocation TieTa Uk Ltd14. 74% Ulster University8. 72% Armagh City, Banbridge and Craigavon Borough Council5. 56% Queen's University Belfast 5. 01% Bryson Care4. 56% Leonard Cheshire4. 19% Active Communities Network4. 15% Mid & East Antrim Borough Council4. 14% Kilcooley Women's Centre4. 13% NOW Group4. 04% The National Trust3. 91% Keep Northern Ireland Beautiful3. 86% Groundwork Northern Ireland3. 83% South West College3. 71% Women's Resource & Development Agency3. 02% Extern Northern Ireland2. 73% Business in the Community Northern Ireland 2. 67% Youth Action Northern Ireland 2. 53% Springvale Training Limited2. 52% Kinship Care2. 11% Derry City and Strabane District Council1. 95% NIACRO1. 90% Lough Neagh Partnership Ltd1. 70% Network Personnel Ltd1. 56% Belfast City Council0. 98% RNIB NI0. 74% Specialisterne NI CIC0. 59% George Best Belfast City Airport0. 48% Grand Total100. 00% --- - Published: 2021-09-01 - Modified: 2022-12-01 - URL: https://edale.co/a-case-study-on-pitching/ - Categories: News Insights how a pitch trainer does his pitch for a corporate fintech challenge When teaching how to do pitching it is important also to be an active pitcher yourself. It is not possible to be a trainer on how to pitch if you don't do that yourselves. Here is a story of how a subsidiary company of Edale pitched its technology solution to a Stock Exchange in the United Arab Emirates. Background There is an old adage that you should never stop pitching and always be closing. Big business has embraced innovation and as part of that you often find a route to market or new clients is through pitching competitions. This is how we did it for one market we are looking to enter with our financial technology solution, bondsmart. Introduction to bondsmart Bondsmart is a micro investing platform allows smaller investor to actually be involved in lending to big business. They get access to a secure investment and a better return without the volatility of equities, opaqueness of alternative finance and illiquidity of property. This is democratisation of wholesale debt markets. The challenge In July 2021 Abu Dhabi stock exchange along with financial regulator in the UAE launch a competition to find a solution that would help with investor education and financial inclusion for retail investors. On smart saw this competition and went about building its pitch deck and story to develop a suitable solution for Abu Dhabi exchange, ADX. Bondsmart is a fully operating investment platform but part of the technology included an investor centre where we had built very simple and intuitive user interface to provide details on investments this investment centre would be an ideal solution the ADX challenge. however as it's only part of our business we needed to suitably package this and also answered the challenge statement and problem that the Abu Dhabi Stock Exchange was seeking to solve. Any pitch usually has core elements in the way that it should be delivered. Those are an: attention grabbing openerthe problemthe solutionthe traction a solution has got andhow the application of that solution to the problem can lead to an outcome for the listener. Developing the pitch When starting to build our pitch we went and actually looked at the keywords that were in the call to pitch document. This allowed us to get a clear focus on some of the words and actually phrases that we needed address. Secondly we then went and actually looked at the existing solutions that are available for retail customers and financial education resourecs. We then actually took some screengrabs of their current solutions and use this to actually show the current problem the investors were experiencing when trying to get access to retail friendly investment information. The Investor Centre engine of bondsmart had been through a lot of research and design to make it intuitive and answer the simplest of questions for investors which is “what would be my return” and “what time period am I investing for”. any additional information had to be simply and visually presented. The human brain read visuals far better than text so we design our solutions to have 50% of the presentation of data in a visual manner. Combining our simple solutions with the shortcomings of the existing solutions and how they didn't answer the problem statement allowed us to come up with three slides that pitched to the problem, presented a solution and how it addressed the problem. We focused very little on the product solution. It was about showcasing the problem and effectiveness in addressing it. The real challenge was then to stitch that together in a short succinct and impacting story. Our full pitch would only have 5 minutes to present the case and it was critical to be able to do that in time and on point. We have a general rule of 1 slide per minute. This is an overestimation of how long you will talk to one slide but it is useful as a rule of firm to ensure an effective design of a pitch deck. Editing and building this story was actually the time consuming exercise for this pitch deck. We had the materials, we had the knowledge on what the existing solutions were it was stitching it together and doing that in a style that hit the point and actually told it in a rememberable way. Building a few nuggets and sound bites that would really help us to ensure that this solution was pitched in the right way and actually stood above the crowd. Result Bond smart successfully pitched and made it onto a shortlist with three other companies that presented in alive pitch-off event via zoom. The judges then made a decision which business to take forward to do a POC (Proof Of Concept agreement)and whilst bondsmart was not the winning pitch we did actually get some positive feedback and a demonstration that our solution had a market. The good thing with this competition was that we made contacts that we previously did not know and we have further been able to have conversations with those contacts to actually consider whether our solution could be a commercial solution that the business would like to use within their existing technology. The lesson here is being unsuccessful in pitching does not close down opportunities it actually opens those up and we use them to develop the business. Whilst is not the heart of what the business is designed to do it potentially helps us a client that in using part of our solution gets us a step further into the market and importantly commercialises our solution having a anchor client with a large corporate profile. A pitching competition was a form of business development and market testing. We get real world feedback from people that are involved in our sector. We see pitching as a great way to get your business known in the market and broadcast your story. It can also be a route to market though it's knowing where these competitions are and actually being aware of them. However, getting a good pitch takes work and is not a brief exercise but with experience the process does become speeded up. --- - Published: 2021-06-01 - Modified: 2024-01-05 - URL: https://edale.co/advancing-your-business-through-technology-readiness-levels-and-associated-investment-readiness-levels/ - Categories: News We are fans of the lean development framework and tools like the Business Model Canvas. When we help with mentoring 1:1 we use the investment readiness level to gauge where a company is on the scale. Investment readiness as a continuum, so we can help individuals wherever they are on the spectrum and give actionable advice to help them move on. investment readeinss on this scale has a parallel to the firms Technology Readeinsss Level. The Investment Readiness Level framework is a diagnostic tool to define their customer development process. The Investment Readiness Level provides a clear signpost to where someone is. In additional as a diagnostic tool it can be prescriptive too with regard to the stage of support needed and what the next step for the company should be. Therefore no matter where a firm is in its stage of development, the immediate next milestone – where the entrepreneurs should focus their attention next – is the next level. History of the Technology Readiness Level The Technology readiness levels (TRLs) is a method for estimating the maturity of a technology during its development phase. Projects are evaluated against the parameters for each technology level and given a TRL rating based on the progress of the project. NASA developed Technology Readiness Levels (TRLs) in the early 1970s as a means of assessing whether emerging technology was suitable for space exploration. Nasa explanation of TRL is clear. There are nine technology readiness levels. TRL 1 is the lowest and TRL 9 is the highest. When a technology is at TRL 1, scientific research is beginning and those results are being translated into future research and development. TRL 2 occurs once the basic principles have been studied and practical applications can be applied to those initial findings. TRL 2 technology is very speculative, as there is little to no experimental proof of concept for the technology. When active research and design begin, a technology is elevated to TRL 3. Generally both analytical and laboratory studies are required at this level to see if a technology is viable and ready to proceed further through the development process. Often during TRL 3, a proof-of-concept model is constructed. Once the proof-of-concept technology is ready, the technology advances to TRL 4. During TRL 4, multiple component pieces are tested with one another. TRL 5 is a continuation of TRL 4, however, a technology that is at 5 is identified as a breadboard technology and must undergo more rigorous testing than technology that is only at TRL 4. Simulations should be run in environments that are as close to realistic as possible. Once the testing of TRL 5 is complete, a technology may advance to TRL 6. A TRL 6 technology has a fully functional prototype or representational model. TRL 7 technology requires that the working model or prototype be demonstrated in a space environment. TRL 8 technology has been tested and "flight qualified" and it's ready for implementation into an already existing technology or technology system. Once a technology has been "flight proven" during a successful mission, it can be called TRL 9. These levels can be summarised in the following table. Technology Readiness Level (TRL) Description Typical Financing Sources TRL 1 Basic principles observed and reported Grants, Angel Investors TRL 2 Technology concept and/or application formulated Seed Funding, Grants TRL 3 Analytical and experimental critical function and/or characteristic proof of concept Seed Funding, Venture Capital TRL 4 Component and/or breadboard validation in laboratory environment Venture Capital, Early-stage Investors TRL 5 Component and/or breadboard validation in relevant environment Venture Capital, Strategic Partnerships TRL 6 System/subsystem model or prototype demonstration in a relevant environment Venture Capital, Private Equity, Strategic Partnerships TRL 7 System prototype demonstration in an operational environment Private Equity, Corporate Financing TRL 8 Actual system completed and qualified through test and demonstration Corporate Financing, Initial Public Offering (IPO) TRL 9 Actual system proven through successful mission operations Public Markets, Corporate Earnings This table provides a general guideline. In practice, the sources of financing can vary based on the industry, the specific technology, the market potential, the existing business network, and the overall economic climate. Putting funding into a progress framework Businesses do not fail because they run out of enthusiasm or energy. They fail because they run out of cash, so funding is central to a firm's life. So to have cash in a firm it needs to have cash-generative skills from sales or inflows from other sources which require that a company is funding-ready. For early-stage or smaller companies, their stage of progress can directly reflect their ability to access funding and investment. Steve Black developed the Investment Readiness framework to be to startups what TRL is to NASA. Below are the investment readiness levels; the higher the number, the more progressed the company has made and more attractive for investment. --- - Published: 2021-04-09 - Modified: 2021-04-09 - URL: https://edale.co/free-marketing-advice-funded-by-the-council-for-worcestershire-businesses/ - Categories: News With a reopening of the economy its time to review your marketing messages, brand dress, coms and campaigns. For Worcestershire businesses, the Here2Help scheme can give you a kickstart and get your geed up. Book your clinic below. This hour clinic can help you with any of the following topics: Branding and identity Visual Marketing and Social Media: Claim your identity online. Create (refresh) brand assets. Make a social media plan. Sharpen your messaging. Know your audience and target suitably. Maximising website oomph: Campaigns to get you traffic and eyeballs. Keywords and trends. Search engines optimised. Manage Google My Business profile (largest search database where sometimes people do not leave google page). Advertising and campaigns success: Understand Facebook advertising and Google AdWords. Low-cost ways to promote your business to attract new clients. Kick start campaigns Powering your Email Marketing. Messages to keep customers returning. Informing and enticing. Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? --- - Published: 2021-03-04 - Modified: 2021-03-04 - URL: https://edale.co/seven-6-second-statements-on-budget-detail-smaller-companies-need-to-know/ - Categories: News Information you need to know from the UK budget 2021. So seven 6 second statements on relevant budget details for smaller companies: CBILS ends 31 March replaced by Recovery Loan Scheme available to end of 2021. Upto 6 year duration for loans and 3 years for overdrafts and invoice finance. Government guarantee of 80 per cent. Opens on 6 April. Furlough and self-employed support extended until September. Restart grants for shops forced to close. £6,000 per premises for closed non-essential outlets. £18,000 for hospitality and leisure businesses. "Help to grow" scheme with 50% vouchers off digital productivity tools + 90% funded management programme. https://helptogrow. campaign. gov. uk/Green Bonds and UK Infrastructure Bank opening in spring helping green economy https://www. gov. uk/government/publications/policy-design-of-the-uk-infrastructure-bankSelf-employed have a further grant. 80% trading profits February to April, max £7500. Fifth grant May to September (80% where 30% fall in sales otherwise 30%). People that filed tax returns for 2019-20 by 2 Mar are now eligible (extra £600k people). Corporation tax increases from 2023 to 25% where profits £250k. remain 19% where --- - Published: 2021-02-19 - Modified: 2021-02-19 - URL: https://edale.co/self-employed-financial-adviser-opportunities/ - Categories: Investments, News Are you a self-employed adviser (ifa) feeling stuck in a rut and want to grow within a dynamic business? Or a qualified overseas adviser seeking premier regulated home for clients? Join Edale UK and expat financial and investment advisory business. Edale is providing self-employed advisers the opportunity to join their directly FCA, whole of market firm to cover anywhere in the UK as a digital and flexible investment adviser. We also have a broad range of services and clients from top to toe in the UK and across the world. We can offer flexible working, primary focus on spend timing with clients, little bureaucracy and generous fee share. Also opportunities to expand into new professions (if you want) - business support and business advising. We have backed new companies that are now standalone enterprises. We are a growing professional service firm. If you would like to know more, please contact us with contact details, and someone will be in touch. Name (required) Email (required) Telephone (required) Your Message Please leave this field empty. --- - Published: 2020-11-30 - Modified: 2021-11-30 - URL: https://edale.co/focusing-on-action-and-outcomes-with-tows/ - Categories: News When looking at a SWOT analysis and seeking to use the insights to make an action plan there is not much help. TOWS, a variant of SWOAT, allows you to prioritise actions on those areas that provide the greatest strength and also tackle the weakest areas. This grasping maximum and tackling minimums is something we like in TOWS. It doesnt give the answers but it focuses attention on the areas where action is required and gives some indication of the nature of that action. The matrix The TOWS matrix looks like below. The outer areas are the traditional SWOT analysis. The strategies are the meeting boxes in the middle. The two main areas of priority are reaping maximums and tackling minimums. TOWS is about taking advantage of opportunities, reducing threats, overcoming weaknesses, and exploiting any strengths. Grasping maximums Taking hold of the best strategic options that an organisation could pursue to develop is known as developing ‘maxi-maxi’ strategies. The plan made in this area builds on internal strengths and external opportunities (SO). Tackling minimums Facing the vulnerability that threatens an organisation is known as developing ‘mini-mini’ strategies. The aim is to facilitate strategies that face weaknesses as well as minimise and avoid threats (WT). --- > Reasons to move from an international adviser and avoid a DIY approach if repatriation to the UK - Published: 2020-05-12 - Modified: 2020-11-05 - URL: https://edale.co/uk-homebound-financial-advice/ - Categories: homebound We always recommend getting advice with big financial decisions. The same is true for returning to the UK. A UK specialist who understand the nuances of the UK financial system and tax implications is important and something an international adviser may not be familiar. A “Do it yourself” approach is unwise and risky. A modern day car is a complicated piece of machinery so people do not service a car themselves. Also you would not get a mechanic in a different country to ensure compliance in your new country. A specialist to look after your car is true for your finances too. Reasons to choose a UK adviser with experience of international clients: Overseas advisers should not advise UK residents unless they are UK regulated. Advice on UK and international investments, tax accounts, pensions and QROPS. Options for restructuring assets for tax efficiency. Overseas advisers should not advise UK residents unless they are regulated Typically, an offshore adviser cannot advise on onshore investments or onshore clients. When Brexit completes the UK financial watchdog, the Financial Conduct Authority, will regain regulatory sovereignty and the ability of overseas firms to passport, allowed under the single market in the EU, will end in its current form. The new arrangement for EU advisers to passport into the UK remains unknown but it's unlikely to be as flexible as the current arrangements. Advisers outside the UK get no recognition or authority to advise UK retail clients unless they are part of a UK regulated firm, meaning the client misses on lots of protections and insurances. An offshore adviser should partner with a UK firm or the clients should transfer to a UK based adviser on planning, landing or having arrived in the UK. Advice on UK and international investments, tax accounts, pensions and QROPS Few advisers have the capability to advise on both UK and international accounts and products so this encourages use of Edale - we have experience of UK and international products. You may have opened a range of investments which are specifically available to non-UK residents. These may have tax advantages when not subject to UK tax rules but things can change when back in the UK and you need a local adviser to assist you. You need personal advice to consider what you arrive with and effective plans for going forward. It can be possible to maintain offshore and non-UK investments when back in the UK. There could be large tax implications of any gains or income you receive. For example, offshore portfolio bonds should be endorsed to avoid receiving deemed gains on life assurance and capital redemption policies. Deemed gain assumes a gain of 15% of the premium and the cumulative gains for each year the policy has been in force. Further, most offshore regular savings plans are ‘foreign policies of life insurance and foreign capital redemption policies’ so taxed at your income tax rate, however, there are ways to reduce the amount payable with reliefs and financial planning. If you have been resident in the UK with one of these policies we can confidentially provide guidance. We have a longer article on Taxation of offshore life policies on return to UK. Overseas pensions or UK pensions transferred abroad (QROPS) need to be considered. If you receive a gratuity finance payment, which is common in Middle East jobs, on leaving that job the money can get some tax reliefs if paid into a pension in the UK. If you have a QROPS and return to the UK you do not need to transfer this back to a UK Scheme (this is a frequent misconception). Any income received from a QROPS will be subject to the tax rules at source as well as the tax rules in the UK (once you become a UK tax-resident). It is important to ensure a tax-treaty between the UK and QROPS home country exists to avoid being excessively taxed in both countries. Malta is a frequent home for QROPS plans and no tax is paid on income from a QROPS in Malta. If you are still working and plan to continue paying into a pension, then a QROPS would not usually allow you to make payments from the UK. The costs of having two schemes (QROPS overseas and UK scheme) may be unwise and advice on consolidation may be worthwhile. Options for restructuring assets for tax efficiency The impact of your repatriation on investments could be significant. Tax advantages enjoyed working abroad could be lost or penalised when back in the UK. Speak to a UK, FCA regulated financial advisor before repatriation to learn alternative options available, which may offer opportunities for growth or income. The implication of early-exit fees and back end loads that can be in a product but you are unaware until you try to leave should encourage you to seek advice so you can consider options and alternatives. Any good UK advisor will clarify any fees you may be stung by on any investments you established while overseas. Selling or realising investments and then returning in the same tax year can result in tax charges, for example, capital gains tax in the UK. If repatriating is not part of your original investment decision-making process or plans then you need to consider whether previous plans are now fit for purpose and fitting to the “new normal”. The nuances of the financial and tax implications of repatriating to the UK means any international advisor or client should insist on independent advice from a specialist in the UK. Informative and friendlyI had a call... Read more “Informative and friendly”ShaneOne of the best funding presentations I’ve attendedIt was probably one... Read more “One of the best funding presentations I’ve attended”SimonGreat company, provided exactly what I neededVery happy that I... Read more “Great company, provided exactly what I needed”DouglasReally helpful 121 consultationReally appreciated the 121... Read more “Really helpful 121 consultation”KathrynVery good and most helpfulExcellent helpM DunbarVery thorough and pertinent advice from Lawrie. He has ample patience for someone my age and didn’t make me feel rushed or under pressure. I have complex tax... Read more “Very thorough and pertinent advice from Lawrie. He has ample patience for someone my age and didn’t make me feel rushed or under pressure. ”Vivien Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? --- > Coronavirus loans and grant support for startup and high growth innovators from Innovate UK and Future Fund - Published: 2020-04-20 - Modified: 2020-04-20 - URL: https://edale.co/uk-treasury-funds-for-innovator-firms/ - Categories: pandemic Coronavirus support targeted at innovative business structures of the tech sector has been announced today. Existing coronavirus support for businesses required companies to be profitable as of December 2019 to qualify for help so these new announcements make available funding for innovators. Last updated 20/4/2020. There are two main pots of funding: £750 million of loans and grants for innovative businesses available via Innovate UK; £250 million investment fund for high-growth companies to match private sector investment via British Business Bank R&D Innovators The research and development will support 2,500 already supported by Innovate UK and 1,200 companies not currently supported will also be offered cash. Start-ups and businesses driving research and development will be able to access funding. Each company must pass an "innovation assessment" and no details about this are available currently. Historically, the "innovation assessment" has been proposals scoring above a quality threshold (typically scoring over 70%) where 5 assessors score the level of innovation. The Innovation Assessment (Project) is based on 10 dimensions A1: Need or Challenge A2: Approach and innovation A3: Project team and resources A4: Market awareness A5: Outcomes and route to market A6: Wider impacts A7: Project management A8: Project risks A9: Additionality A10: Costs and value for money Other funding from public sector sources Project finance summary Future Fund matched investing Convertible loans from the "Future Fund" will be open to innovative companies which are facing financing difficulties due to the Coronavirus. The Future Fund launches in May 2020 and will be a co-investment fund. Eligibility: Unlisted UK registered company; Raised >£250,000 in aggregate from private third party investors 5 years; and Substantive economic presence in the UK. Terms: The Government loan shall constitute no more than 50% of the loan round; The Government loan minimum £125,000 and maximum £5,000,000. Use of funds for working capital only; Automatically convert into equity on next qualifying funding round at a minimum conversion discount of 20%; A minimum of 8% per annum (non-compounding) interest to be paid on maturity of the loan; and Mature after a maximum of 36 months. NB: These terms are subject to change. Companies interested in the Future Fund should engage their existing network of private investors to understand if they would be willing to match financing the Future Fund. We shall update this page as we learn more. --- > Free 1:1 clinics in times of social distancing, self-isolation and economic closedown. Is your financial plan in order? - Published: 2020-04-09 - Modified: 2020-10-21 - URL: https://edale.co/clinics/ - Categories: News Edale’s mission is to care for financial assets. Financial planning is often a lower priority for people. We are in spectacular times where financial planning should be front of mind. We’ve opened Financial Response clinics to give anyone free financial checkup on their circumstances. Book any time from 8am to 8pm, any weekday from now on. These are for existing clients of Edale and people new to Edale. Edale’s (virtual) doors are open to anyone wanting a confidential discussion on their financial plan. What should I do with my investment plan? My adviser cannot be reached. Client emailing Edale Book your services with Edale through this form. Appointment InfoLocation, phone call or video callAppointment typeAdviserDateTime Additional information. Tell us about what you need. Add full address if selected "Your Office" as location Your InfoAre you a new or returning user? New UserReturning User First Name Last Name Phone Company name PasswordRetype Password Email GDPR consentI consent to my submitted data being collected and stored as per policy at https://edale. co/terms/. Please wait... Lost your password? Frequently asked questions Who are Edale? Edale are a regulated financial adviser and investment firm. The business is based in Surrey, UK but support clients across the UK and abroad. I am an expatriate client can we speak? Yes, we work with international clients. What personal financial planning services do you offer? DIY Transactions without advice Execution only Deal fee + account maintenance Edale as gateway to financial markets Web tools and product information Benefit from institutional partnerships Trade now Whole service For complex financial arrangements, working in partnership with other professional advisers Wealth management Variable prices Complex financial arrangements Frequent 1:1 contact Monitoring + adjusting financial plan Access to the team at any time Bespoke advice Your IFA Personal financial planning designed around your goals and objectives. Financial planning Annual % fee Personal financial plan Yearly 1:1 meeting Monitoring + adjusting financial plan Access to the team at any time Get advice Advice on request For client’s needing appropriate financial planning and have a one-off need for advice with no ongoing service. On demand Pay as you go One-off need for advice See team via pay-as-you-go model Advice on specific circumstances Mandate driven by you One off advice --- - Published: 2020-03-23 - Modified: 2020-03-23 - URL: https://edale.co/business-rates-support/ - Categories: pandemic There is a package of measures to support businesses with premises registered for business rates: 12-month business rates holiday for all retail, hospitality and leisure businesses in England. small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief. grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000. Any enquiries on eligibility for, or provision of, the reliefs should be directed to the relevant local authority. Support for businesses that pay little or no business rates Additional funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBRR). A one-off grant of £10,000 to businesses currently eligible for SBRR or rural rate relief, to help meet their ongoing business costs. If your business is eligible for SBRR or rural rate relief, you will be contacted by your local authority – you do not need to apply. Funding for the scheme will be provided to local authorities by the government in early April 2020. --- - Published: 2020-03-23 - Modified: 2020-03-23 - URL: https://edale.co/firms-paying-sick-pay-to-employees/ - Categories: pandemic Legislation to allow small- and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19. The eligibility criteria for the scheme will be as follows: this refund will cover up to 2 weeks’ SSP per eligible employee who has been off work because of COVID-19 employers with fewer than 250 employees will be eligible - the size of an employer will be determined by the number of people they employed as of 28 February 2020 employers will be able to reclaim expenditure for any employee who has claimed SSP (according to the new eligibility criteria) as a result of COVID-19 employers should maintain records of staff absences and payments of SSP, but employees will not need to provide a GP fit note eligible period for the scheme will commence the day after the regulations on the extension of Statutory Sick Pay to those staying at home comes into force The repayment mechanism for employers has not been created as yet but will be available as soon as possible we understand. --- > Temporary Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank - Published: 2020-03-23 - Modified: 2020-03-23 - URL: https://edale.co/coronavirus-business-interruption-loan-scheme/ - Categories: pandemic A temporary Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank ... Contact methodsRead More » --- - Published: 2020-03-23 - Modified: 2020-03-23 - URL: https://edale.co/defer-taxes-due-or-payable/ - Categories: pandemic Receive support with your tax affairs on payment amounts and timings through HMRC’s Time To Pay service... . Contact methodsRead More » --- - Published: 2020-01-06 - Modified: 2020-01-06 - URL: https://edale.co/january-2020-sale/ - Categories: News This January, we are very excited to providing an opportunity for financial sensibility and to rejuvenate your investments or take the financial steps you’ve been avoiding. No initial fees to Voucher holders. EdaleOur special offer = get all initial fees from Edale waived for standard financial advice on pensions, ISA and general investment accounts. This offer is open to UK resident clients. For special circumstances we can offer a discount on bespoke advice. We are limiting this to offer to 20 clients that buy our advice voucher. The £10 voucher is refunded on completion of your investment account setup. Examples of the cost of financial advice Example 1 I’m approaching retirement with £100,000 in savings, a £150,000 pension and £100,000 in an investment Isa, and would like advice on drawing an income in retirement. £2,540 average quote £0 with Edale in Jan Example 2 I’m 10 years into my career, with £60,000 in savings and £40,000 in an investment Isa. I’d like to start saving for my child university education. £1,060 average quote £0 with Edale in Jan Example 3 I’m 50, with comfortable savings and no mortgage, and would like to invest a £100,000 inheritance. £1,980 average quote £0 with Edale in Jan In August 2019, Which? surveyed 108 real financial advisers to get a sense of how much you could expect to pay for financial advice for a range of scenarios. Here we show the average quote we were provided for each scenario. Read more: https://www. which. co. uk/money/investing/financial-advice/how-much-financial-advice-costs-a1dwl4f8j8pf Regulated financial firm Experience business owners/leaders Safe secure payment Instant voucher download Edale No Initial Fee Investment Voucher Special sale offer get all initial fees from Edale waived for standard financial advice on pensions, ISA and general investment accounts. Voucher is refunded on completion of opening investment accounts. Limited time and quantity. £10. 00 Processing ... I accept the Terms and ConditionsBuy voucherStripe Payments requires Javascript to be supported by the browser in order to operate. Edale is authorised and regulated by the Financial Conduct Authority. With ISAs, Pensions and general investment accounts, your capital is at risk. Terms and Conditions The January Sale is available between 1 – 31 January 2020, subject to availability. A voucher must be purchased and pre-paid and cannot be refunded, unless you open an investment account with one of Edale’s product provider. Full Terms and conditions and information on Edale is available at www. edale. co/terms. Edale UK Management Limited, trading as Edale and Edale Investments, authorised and regulated by the Financial Conduct Authority (Reference number: 812332) with offices at 15 Bell Street Reigate Surrey RH2 7AD UNITED KINGDOM. --- - Published: 2019-11-11 - Modified: 2021-05-28 - URL: https://edale.co/should-i-invest-or-payoff-my-mortgage/ - Categories: News The decision whether to invest or pay off mortgage is an interesting balance of different factors. There is the purely monetary, mathematical answer, but importantly there is the emotional and willingness to take risk considerations. To start what are the advantages and disadvantages of investing and overpaying on the mortgage. Use extra cash to overpay on a mortgage:Investing the money:AdvantagesMortgage free or will be mortgage free quickerSave interest that would have been paid to the lenderIncreased equity in your propertyIf investing in the stock market your money could be more easily accessible and used for your retirement income in the future or available for emergenciesThe potential for your money to grow in value over the long termTax incentives or credits for retirement savings or other forms of investingDisadvantagesYou may be charged a fee by the lender for early repaymentMoney tied up in propertyMoney can’t be used on other things in the future unless you sell your propertyYour money could be worth less if property prices fallInvesting is risky, you may see the value of your money fallYour mortgage debt remains and you still need to make repayments Using circumstance for an average household here is a worked example that shows the financial consequences of overpaying 10% of the outstanding debt on a property. With an outstanding debt of GBP 200k with 20 years remaining and an annual interest rate of 3. 5% on a repayment mortgage overpaying £20,000 has the following impact. Overpaying would save £17,979 in interest, and means the debt is paid off 2 years & 8 months earlier. If you would face a large penalty for overpaying, consider reducing the term of your mortgage, for a small fee. This increases your monthly payments, in effect permanently overpaying. Alternatively, here is a calculation of the tax credits of benefits from investing in a retirement pot. Your pension provider will claim back basic rate tax at 20% from HMRC adding this to your pot. If you pay a contribution of £80, your pension provider claims back a further £20 so a total gross contribution of £100 is paid into your pension pot. If you're a higher rate taxpayer, you can claim further tax relief (at your higher rate less the basic rate already claimed on your behalf) from HMRC. This is usually claimed through your self-assessment tax return, although HMRC may also adjust your tax code to give you this additional relief. This means that if you pay income tax at 40%, you could claim an additional £20 tax relief, making your net contribution £60 in the above example. If you’re a UK taxpayer, in the tax year 2018-19 the standard rule is that you’ll get tax relief on pension contributions of up to 100% of your earnings or a £40,000 annual allowance, whichever is lower A £20,000 contribution to a pension has the following tax credit and growth at conservative growth estimates. The tax credit, non-taxable growth makes retirement saving very efficient in the UK. Contribution to pensionBasic rate tax at 20% from HMRC adding this to your potHigher rate tax relief through self assessmentTotal reliefTax relief for Basic Tax Payer plus growth over 20 years on £20,000£20,000£5,000£5,000£10,00020 yrs growth @3%£45,153£54,183£9,031@3% pa for 20 years20 yrs growth @5%£66,332£79,599£13,266@5% pa for 20 years The option to invest or overpay into a mortgage is a decision to reduce debt versus earn profits from investing. Investment maths often tilt in favour of maximising tax deferred investing opportunity before paying off the mortgage. --- - Published: 2019-10-17 - Modified: 2019-10-17 - URL: https://edale.co/great-whizz-if-ir35-effecting-you-and-going-on-payroll-to-put-more-trained-profits-in-your-pocket/ - Categories: News Speaking to clients that work as professional service contractors or working through their own limited service company many are reviewing the use of these going forward with new UK legislation from 6 April 2020. The new legislation aims to ensure workers operating through personal service or limited companies are paying the right levels of tax and national insurance and will crack down on “disguised employment”. The personnel arrangements are not something we can address but for people going “on-payroll” as employees and reviewing the viability of keeping their limited company here’s a few financial planning ideas to distribute retained earnings and cash into a pension and use tax reliefs to improve your financial affairs for the future and keep as much cash as possible. “Disguised employment” is where contractors operate in exactly the same way as their permanent counterparts but end up paying less to the public purse because of the operation of the service company. Financial planning guide for closing a service company If you are going on-payroll the validity of retaining the old company may be limited. Distribute retained earnings and cash in a tax efficient way and improve your financial position. Ltd company solvent liquidation Solvent Liquidation is known as Members Voluntary Liquidation. A members' voluntary liquidation (MVL) is the formal liquidation process used to close down the affairs of a solvent company. Basically distribute retained earnings and cash to shareholders. 10% tax via entrepreneurs relief Entrepreneurs relief allows you to pay less capital gains tax, at 10% on gains of all qualifying assets which are sold. It is applied when you sell your business, and usually in a Members Voluntary Liquidation (MVL) Pension carry forward Carry forward allows you to make pension contributions in excess of the annual allowance for three years.   25% basic tax credit The government will add 20% basic rate tax relief that effectively a 25% uplift. As a higher rate taxpayer you can claim back extra tax relief via self assessment. 25% drawdown at 55 People aged 55+ can withdraw a 25% tax-free lump sum from their pension.  You pay Income Tax on the other 75%. Close the company and access retained cash and earnings efficiently If moving “on-payroll” the administrative costs to maintaining a limited company may be lost money. Just closing the company and distributing cash from the company will usually be taxed as income at your marginal tax rate if paid as dividends and if above £25,000 at income tax rates, the table below has England, Wales and Northern Ireland and Scotland income tax rates for 2019-20. Dividend taxes are 7. 5%, 32. 5% or 38. 1%, depending on your marginal rate of personal tax. Income tax rates 2019-20 Income tax rates for 2019-20 in England, Wales and Northern Ireland Tax Rate (Band) Taxable Income Tax Rate Personal allowance Up to £12,500 0% Basic rate £12,501 to £50,000 20% Higher rate £50,001 to £150,000 40% Additional rate Over £150,000 45% Income tax rates for 2019-20 in Scotland Band Taxable Income Sottish Tax Rate Personal Allowance Up to £12,500 0% Starter Rate £12,500 to £14,549 19% Basic Rate £14,549 to £24,944 20% Intermediate Rate £24,944 to £43,430 21% Higher Rate £43,431 to £150,000 41% Top Rate over £150,000 46% Paying the costs for a solvent liquidation means distributions from a liquidation are treated as capital and subject to Capital Gains Tax and the existence of entrepreneurs relief means gains are taxed at 10% above the annual capital gains tax allowance. There is a very simple worked calculation below on the benefits. Worked example of solvent liquidation versus informal strike off A single director/shareholder wishes to close their company on 30th April 2019 with £80,000 of retained workings. £18,525 Informal strike off total tax and fees £9,100 Members Voluntary Liquidation total tax and fees £9,425 Saving total tax and fees Workings and assumptions We’ll assume the following: Retained profits are £80,000 – the informal strike off seeks to reduce this to £25,000 by paying dividends of £55,000 The director did not sell any personal assets in the year and has not used any capital gain allowances The 2019/20 tax year dividend tax-free allowance is £2,000. The director has no other income in the 2019/20 tax year No salary taken from the company by the director No dividend has been taken in the 2019/20 tax year to date Informal strike off MVL Retained earnings of company £80,000 £80,000 Dividend to be taken from the company before 30th April 2019 -£55,000 -£2,000 Tax-free dividend allowance used 1 -£2,000 -£2,000 Dividend Tax Payable at 32. 5% £17,225. 0 0 Retained earnings after dividend paid £25,000 £78,000 Annual capital exemption used 2 -£12,000 -£12,000 Amount of Capital Gain £13,000 £66,000 Capital Gains Tax Payable 3 £1,300 £6,600 MVL advisor fee (estimated) 0 £2,500 Total tax and fees for comparison £18,525 £9,100 1 To utilise tax-free dividend allowance. No other dividend issued 2 Individual capital allowance in 2019/20 tax year is £12,000 3 Entrepreneurs Relief rate of Capital Gains Tax is 10% in 2018/19 tax year Upto £160k pension contributions + 25% immediate credit Carry forward allows you to make pension contributions in excess of the annual allowance and receive tax relief. Carry forward allows you to make use of any annual allowance that you may not have used during the three previous tax years, provided that you were a member of a registered pension scheme. £40,000 is the most you can pay in to your pension each tax year that ends each April. The UK government has created a carry forward that lets you take advantage of any unused allowance from the previous three tax years. That’s up to £40,000 from each year, so you are able to make a pension contribution of up to £160,000 plus receive basic pension tax credit plus higher rate tax relief if a higher income tax payer. Remember investments go down in value as well as up so you could get back less than you invest. You normally can’t access your money until any time after your 55th birthday (57 from 2028) so pension are long term investments. There are additional rules about how much you earn, whether you are in Scotland where different income tax levels apply. So this is not advice, speak to us related to your personal situation. £20,000 added to pension £5,000 tax relief added as 20% basic tax relief £5,000 extra tax relief if higher rate taxpayer £15,000 effectively cost to for£25,000 in your pension Accessing your pension with tax free lump sum If you’re 55 or over you can take 25% as a lump sum without paying tax. If you do this, you can’t leave the remaining 75% untouched. You must either: buy a guaranteed income (annuity) get an adjustable income (flexi-access drawdown) take the whole pot as cash Overview of how much tax you may pay on the money you take from your pension pot The governments pension wise has a good table gives an overview of how much tax you may pay on the money you take from your pension pot. The pension options What’s tax free What’s taxable Leave your pot untouched Your whole pot while it stays untouched Nothing while your pot stays untouched Guaranteed income (annuity) 25% of your pot before you buy an annuity Income from the annuity Adjustable income 25% of your pot before you invest in an adjustable income Income you get from your investment Take cash in chunks 25% of each amount you take out 75% of each amount you take out Take your whole pot in one go 25% of your whole pot 75% of your whole pot Mix your options Depends on the options you mix Depends on the options you mix You should consider financial advice when accessing your pension as it is important to leave money to generate an income in later life.   Updating as we get more enquiries We shall update this article from time to time as we get more questions from people this helps.   Independent financial advice Let Edale help you manage your wealth. Financial Advice --- - Published: 2019-10-16 - Modified: 2019-10-09 - URL: https://edale.co/open-all-hours-8-days-a-week/ - Categories: News Unlike most financial institutions Edale operates an open all hours philosophy. We help clients across many countries and time zones and different days of the week. In the Middle East where a working week is Sunday to Thursday and in Europe where its Monday to Friday we are always on hand. We are always on hand. In addition, we also operate numerous communication methods to stay in touch with our clients to reflect their preferences for contact us or ask questions. We are pretty happy with the results. Happy customers and praise for our service. We rely heavily on customer referrals for Customer rating A Top Professional Financial Advisory ServiceEdale have and are... Read more “A Top Professional Financial Advisory Service”TrevorThank youThank you very much... Read more “Thank you”MichaelGreat meeting! Lots of information and... Read more “Great meeting! ”KiranVery thorough and pertinent advice from Lawrie. He has ample patience for someone my age and didn’t make me feel rushed or under pressure. I have complex tax... Read more “Very thorough and pertinent advice from Lawrie. He has ample patience for someone my age and didn’t make me feel rushed or under pressure. ”VivienVery helpful, personalised advice based on my specific situation. highly recommended! ! so helpful & provided... Read more “Very helpful, personalised advice based on my specific situation. highly recommended! ! ”KateReally helpful. Edale were really helpful... Read more “Really helpful. ”Kecia Welcome to Edale "client first" service. --- - Published: 2019-10-07 - Modified: 2019-10-07 - URL: https://edale.co/get-25-guaranteed-on-each-investment-contribution/ - Categories: News For every £1 paid from your pocket into a UK pension 25p is added. The title may sound like some form of scam but it's a true financial return for UK taxpayers paying into their pension. For anyone with no pension savings, this is a huge missed opportunity. The government makes contributions to your personal or workplace pension in the form of a tax refund. The amount you receive depends on your income tax bracket, so if you’re a basic rate taxpayer you get a tax top up of 25% on your pension contributions, up to an annual limit. Your pension provider automatically claims the basic rate contribution on your behalf and adds it to your pension pot. Pensions with Edale Edale can help you form a new pension plan, as well as review existing plans. When you make contributions, we’ll automatically claim tax relief from the government and add it to your pension pot. You can manage your pension online through our online access: check your balance and past contributions. Please leave this field empty. Get advice from a qualified adviser What is your investment goal? —Please choose an option—Grow my wealthSave for my children's futurePrepare for retirementRetire earlyGenerate an income Describe your financial position Amount to invest —Please choose an option—GBPEURUSDOther Personal details Name Email Phone "I agree to the privacy policy. I understand that I am requesting for someone to contact me and send advice from a regulated financial expert. " Please leave this field empty. document. addEventListener( 'wpcf7mailsent', function( event ) { location = 'https://edale. co/submission-recieved/'; }, false ); Old style pensions are expensive Competitive financial services in recent years especially following the unbundling of fees has resulted in lower fees for pensions. If you have maintained your pension and not moved it around we can usually find better alternatives. Whether you are at a stage looking to access your pension or adding to your pension Edale can help. As a truly independent firm, we are not tied to deals done by a network (the old adage if that size buys power, but we have examples where we get better platform offers than national IFA networks) or a parent's manufactured products. Risk warning As always with investments, with a pension, your capital is at risk. The value of your investment can go down as well as up, and you may get back less than you invest. This information should not be regarded as financial advice. For personal financial advice speak to one of the Edale team. --- - Published: 2019-10-06 - Modified: 2019-10-06 - URL: https://edale.co/busy-entrepreneur-adept-at-wearing-many-hats-got-a-financial-adviser-ooops/ - Categories: News As a busy entrepreneur, you’re adept at wearing many hats: product developer, salesperson, tech troubleshooter, to name a few. However, personal financial security and ensuring a good retirement mean that the finance hat is a particularly tough one to wear. Let a team of skilled professionals handle it for you. Edale is a financial planning firm with targeted expertise in small businesses. By working with our advisers, you’ll tap into two decades’ worth of combined experience in investments and financial planning so that you can Be coached. We work with clients to uncover their real intent in life and what they really want to achieve. This allows any further financial planning to have a focal point to ensure that our other services meet our clients’ true life goals. This service helps clients understand the importance of money in relation to their aspirations. Locate assets suitably. We provide advice on the best way to shelter investments from tax and how best to provide protection for the client’s (or their beneficiaries) assets. Get set. You’ll be better able to monitor your financial situation when Edale helps you to plan, set up, and manage your wealth online. You’ll have a personal plan alongside the business plan. Spend less time tracking your bottom line and more time enhancing it for your business and own financial success. To discuss how you can bring your company’s director financial care in line with your long-term business objectives and get financially fit personal finances contact Edale. --- > Improved behaviours to make you a better saver with tips from Edale Investments - Published: 2019-09-30 - Modified: 2020-01-30 - URL: https://edale.co/financial-nudge-theory-to-be-a-better-saver/ - Categories: Investments, News Nudge theory is a behavioural science that uses subtle methods and psychology to help people move in the right direction. It proposes a positive reinforcement of behaviour or indirect suggestions to act in a certain way. Nudge theory can also be seen as a way to take the last step. Nudge theory in financial services is less common than in other industries. Knowing you need to do something bu not acting is a common occurrence. Here are some smart tips as a financial nudge to make you step over the line to a better saver. Saving on the day you get paid makes it seem more affordable putting something aside when there is a larger sum. With a pay rise direct some money into an investment plan. Its new money so put it away before you get used to it in your pay packet. Unexpected income should be put into savings, don't just spend it. Earn a guaranteed 25%. Looking at a put spare change into a jar or in our digital world consider a debit card that rounds up and puts the money into a savings account. Putting money away from your salary into a workplace pension often gets matched by your employer. Other financial nudge tips. Share them with us and we will add the best ones to our list. --- - Published: 2019-09-26 - Modified: 2019-10-03 - URL: https://edale.co/uae-driving-licence/ - Categories: News One of the professionals at Edale works in Dubai and UK so has a UAE residents permit. Supporting our DIY attestation article we thought we would also share how to get a driving license in the UAE when holding a UK issued licence. Originally the idea was to use the UK driving licence for hiring a car for trips between Dubai or Abu Dhabi. The drive between the two cities in a taxi or Careem or Uber can cost £70, so £30 car hire is more appealing. Converting a foreign driving license to a UAE is an easy task and we did it in a day in September 2019. Unknown to most until you try to hire a car is that with a UAE residents permit you can not use an overseas driving license. There is a large fine of AED 10,000 apparently. Seeing the advice on the UAE website was last updated years ago here is our advice for converting a DVLA UK driving ever licence to a UAE driving licence. The countries from which citizens can transfer their driving licences are given below: Australia, Austria, Bahrain, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Japan, South Korea, Kuwait, Netherlands, New Zealand, Norway, Oman, Poland, Portugal, Qatar, Romania, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States. These are the exception countries. This process does not work for getting a new driving licence only converting it. Getting an Eye Test To get a UAE driving license you need to go to optometrists and get an eye test. I walked into Al Jaber Optical at the non-DIFC side of the Emirates Towers metro station and they did one on the spot no need to book an appointment. The test consists of the reading number off a wall chart that has a descending size and then reading hidden numbers from a book of red/green patterns. This was a few minutes long and I got an RTA letter confirming the eye test passed and paid AED 140 to the optometrist. I was advised to have two passport photos to hand but these were not required. The Emirates ID was sufficient as an identify document. The eye test is valid for 3 years from the date of issuance. Paperwork before going to the traffic department There is a pack of documents mentioned needed before heading to the Dubai Traffic Department in Al Ghusais, these include Original and copy of emirates ID Your eye test results Copy of passport page and residents visa Original driving licence of the exception countries. Legalised translation of the licence if it was not in English or Arabic. A no objection letter from the employer or be a profession from the except list for the 66 professions (your profession is named on the resident's visa in the passport) If over 65, Medical screening for Senior resident certified by the Dubai Health Authority Professions that do not need a no objection letter Judge Shipmaster Prosecutor Noukhaza Lawyer Pharmacist Consultant Nurse Legalist Military personnel Doctor/General practitioner Imam Doctor Orator Surgeon Daiah Specialist Speaker Advisor Mufti Specialist Marriage official Expert Muezzin Professor Reciter Teacher Historian Instructor Journalist Trainer Editor Guide Director Lecturer Producer Engineer Commentator Contractor Anchor Investor Program planner Owner of land or property Sports referee Trader Sports player Businessman Accountant Free business Financial analyst/researcher Owner or partner of a business/establishment Economic analyst/researcher Auctioneer Geologist Broker Tour guide Commercial agent Auditor Manager Computer programmer Pilot Writer Hostess Storekeeper Captain Treasurer Show moreShow less Driving license department Amongst the police department buildings at the back of Dubai Airport is the Driving License department. The Dubai Traffic Department Driving License Section in Al Ghusais part of the police station is open from 7. 30 am to 2. 30 pm each working day. In map software search for "Dubai Traffic Department - Dubai Police" - there is a link here. This part was efficient and all you need is the paperwork outlined above. I had misfortune of not having passport and residents stamp but the did have a PC and printer so I was able to print these off having copies saved in the cloud. You go to the main reception desk. I went there early as the office opened at 07:30 am to avoid the queues. There were 3 people ahead of me. In a couple of minutes my documents were checked and then a ticket was issued with my booking number. Sat down on the Sofas and was called a couple minutes later. I handed the pack of documents and got a receipt SMS to the local number. A few minutes after I paid the AED 870 fee (I needed to get cash from the ATM as my debit card was. Not accepted. Credit cards are valid apparently) the UAE driving license was issued. The new driving license had my Emirates ID photo on and valid for two years from the date of issue. The AED 870 fee is made up of 200 AED for opening a file, 600 AED for issuing a license, 50 AED for handbook manual and 20 AED Knowledge and Innovation fees. Let us know if any of the steps change or this article of use. --- - Published: 2019-09-17 - Modified: 2019-09-17 - URL: https://edale.co/edale-are-hands-on-and-in/ - Categories: News Edale's business these days is offering advice to businesses as wealth creators and people/institutions as wealth holders. Our work on business advisory and financial planning (including investment advice) grows from our core activity of monitoring, managing and caring for financial assets. Both these areas feed one another, for example, a director of a company wanting advice for their company may also want personal financial advice for their pensions. In a moment of reflection getting a coffee and looking at the papers on the desk, there are a few projects on the desk covering acceleration business cases, private client financial planning and new product assessments (as well as finalising plans for a business trip). Edale has always had a hands-on approach with subject matter experts as leads, though today writing a proposal that we "give a guiding hand as well as getting our hands dirty" encouraged us to share how we work. We get stuck in either signposting or fixing. When setting out on our own in Jan 2014 with nothing but an idea and enthusiasm it was fun but equally scary. Five years on its easy to wish you had the fortitude to start earlier but getting an experienced hand to advise at the start, that was not there - one reason we setup Accelerate. These days we focus on building and running an investment smart, digitally driven and technically savvy businesses with lean operations. This allows us to bring value to customers. We also aim to do this with sustainability and with a conscious - reflecting our developing policies for caring for older and vulnerable clients. Here is a brief look at some of the things that show our hands-on approach. We have mentored entrepreneurs and taken some into our business, Edale is a host entrepreneur business for Erasmus for Young Entrepreneurs. A European Community funded exchange of experience programme where an experienced entrepreneur helps the new entrepreneur from all EU27 countries acquire the skills needed to run a small firm through working in the host entrepreneur business. Edale regularly produces investment documents and lessons from these have had successful funding and investment. In the past three years we have produced materials and investment documents to gain following accolades applied and received SEIS Advanced Approval; completed numerous R&D Tax Claims; wrote the application and pitch deck to win places on three accelerators for Edale linked enterprises. We offer advice through ERDF backed programmes to support financial fitness and grow SMEs. The European Regional Development Fund (ERDF) is one of the European Structural and Investment Funds (ESIF). It aims to strengthen economic and social cohesion in the European Union by reducing regional disparities in terms of income, wealth and opportunities. ERDF has funded numerous initiatives across the UK supporting SMEs. We have financial planning clients in the UK and across the world providing access to suitable investment products or where a special need is identified we shall undertake research to source and validate a solution before advising the client. This has led meant we are approved with international life companies, wrap platforms, stockbroking solution, and mutual fund provider. One of the reasons we achieve so much is a flat structure with named leads that operate within the business on client-specific mandates. Built around a client lead is a flexible control and operating framework to support the business and ensure the core focus is on the client goal. Edale's flat organisation structure has less supervision of employees and promotes their increased involvement in the decision-making process which encourages more direct engagement and hand's on approach. --- - Published: 2019-08-08 - Modified: 2019-08-08 - URL: https://edale.co/clean-green-acceleration/ - Categories: Clean Growth UK Edale's acceleration service has been selected to be available to a national network of 1300 clean and green firms that are members of the Clean Growth UK platform... . Contact methodsRead More » --- - Published: 2019-07-29 - Modified: 2019-07-29 - URL: https://edale.co/edale-accelerate-edale-investments-whole-solution/ - Categories: News Sound financial planning and generating investment returns in a core part of getting the investment household role for our private clients. But the workplace is also a critical part of our client's life which Edale now embraces with its Accelerate programme. “Accelerate” brings our expertise in business advisory, financial fitness and investment readiness to SMEs. Edale can provide inspiration, ideas, tips and tricks to build a financially fit investment-ready business without a large financial outlay and has first-hand experience running a business. Getting sharp business advice Running a successful business is hard work. A good foundation for success requires time to work "in" the business and "on" the business. Edale shares its wise advice and lean working methods to improve business performance, make firm's financially fit and ready for growth. Being financially wise The personal financial journey is often put into the shade. Brits seem to be unlike many nations and find it hard to talk about money. Edale helps people understand their financial position with a clear and household-based analogy to financial planning. Get the best of both worlds with Edale Accelerate to improve your business and Edale Investments to be financially wise. --- - Published: 2019-06-10 - Modified: 2019-09-16 - URL: https://edale.co/edale-accelerate-goes-east/ - Categories: Invest East Edale has become a mentor through Invest East investment readiness programme (backed by EU, local Councils, University of East Anglia and local enterprise partnership). Helps Norfolk and Suffolk businesses seeking advice to raise equity and other finance. Interested firms visit https://investeast. co. uk/ ... Contact methodsRead More » --- - Published: 2019-04-06 - Modified: 2019-10-06 - URL: https://edale.co/is-there-a-business-strategy-youve-overlooked/ - Categories: News As a business owner, you’ve had to work hard to build your business and work even harder to maintain it. That’s why you need to know about a strategy you can use to address several of the challenges you face – by using life insurance to both safeguard your business against future disruption and provide valuable benefits to your employees. We can show you how you can: Provide an income-tax-free death benefit for your beneficiaries, while providing the opportunity for cash value accumulation that can be accessed for various purposes, such as supplementing your retirement income. Protect your business against financial loss in case of a key contributor’s death, disability, or critical illness. Retain valuable employees by providing them with an attractive benefits package with little or no administrative cost. Redeem the business interests of a co-owner in the event of a co-owner’s death. Provide for the continuation of your business upon the death of an owner. If you want to know more schedule a brief no-obligation consultation, so we can explore which of these options could benefit your business. --- - Published: 2019-04-02 - Modified: 2019-06-11 - URL: https://edale.co/groovin-for-five-years/ - Categories: News - Tags: birthday, expat financial advice, investment advice, office slippers In January we were five years old. Too old to be hip, too young to be a monument but we are groovy, I think. An interesting time to briefly reflect on what we wanted to achieve when setting out into the world and what lays ahead... . Contact methodsRead More » --- - Published: 2019-03-25 - Modified: 2019-03-25 - URL: https://edale.co/winner-of-spare-drawer-currency-giveaway/ - Categories: Giveback, News As part of Edale's January clean desk policy, we decided to launch a competition and give the notes from our spare drawer to charity. This quiz needed either ingenious inspiration or willingness to solve the puzzle. The winner Matthew opted for a calculator and flexing the grey cells. His nominated charity Tuberous Sclerosis Association receives £617. 88... . Contact methodsRead More » --- - Published: 2019-03-20 - Modified: 2019-03-25 - URL: https://edale.co/accelerate-opens-to-boost-businesses/ - Categories: News - Tags: business support services, investment readiness, investment ready Innovation, digital and lean operations have always been at the heart of Edale. Adopting flexible working practices and improving the way we work has been part of our flair. Now we share tips, tricks and methods to business leaders and builders to start, grow or accelerate their business... . Contact methodsRead More » --- > Get your investment journey underway with Edale - Published: 2019-03-12 - Modified: 2019-03-12 - URL: https://edale.co/edale-the-uks-most-popular-place-to-start-a-walk-starting-your-investment-journey-at-edale-too/ - Categories: News - Tags: investment advice, starting place Britain's most popular spot to start a walk is Edale in the Peak District, according to the UK's map producer Ordnance Survey. Data from the mapping organisation's digital services found the busiest parts of the country for ramblers. When Edale Group started five years ago we took some of the attractions of the Edale valley in naming the group... . Contact methodsRead More » --- > What should a existing policyholder do with Vision and Choice closing and what's the certainty for continued support? - Published: 2019-03-04 - Modified: 2019-03-04 - URL: https://edale.co/generali-uae-close-regular-savings/ - Categories: News - Tags: Generali Choice, Generali UAE, Generali Vision, Insurance Authority UAE Generali UAE has written to adviser and consulting firms in the UAE where it has an introducer agreement, to let them know Vision and Choice policies will no longer be available. What should a existing policyholder do now and what's the certainty for continued support? ... Contact methodsRead More » --- > Taxation of offshore life policies on return to UK and earning tax credits on maturing policy - Published: 2019-03-04 - Modified: 2019-03-04 - URL: https://edale.co/offshore-policy-on-return-to-uk/ - Categories: News - Tags: Generali Vision, Grnereali Choice, Hansard Vantage, RL360 Quantum Many British expatriates working abroad in the past decade or so may have taken the decision to buy a regular savings contract putting a monthly amount away for a later life financial goal. Aside from the controversy on the value of these forms of investments, many people contributed to them for the life of the policy or a long period of the term. In that period they may have returned to the UK. What are the options for policies nearing maturity or that have a period to their maturity where a surrender may be considered? There could be value is putting plans in place for a migration to a UK pension pot. Offshore bonds and protection products are 'foreign policies of life insurance and foreign capital redemption policies' for UK tax purposes (Section 476 of the Income Tax (Trading & other Income) Act 2005). From 17 November 1983, a policy issued by a non-UK life office will be 'non-qualifying' for tax purposes, meaning all gains are potentially taxable. Taxation of maturing offshore taxation plans We understand that most offshore insurance savings plans are classified by HMRC as foreign life insurance policies. On a foreign insurance company a ‘profit’ or ‘gain’ are defined by the HMRC as chargeable event gains. The insurer will be able to confirm something has happened to give rise to a chargeable event gain, including an annual gain under a Personal Portfolio Bond (PPB), they may send a certificate showing you the amount of the gain that you’ve made or the amount of benefits paid. For PPB's a 5% withdrawal each year is not taxable and accumulates until the 20th year. If you’ve received a certificate from your insurer then, unless more than 1 person made the gain or you’re entitled to a time apportioned reduction, this is the amount you should enter on your tax return. Chargeable event gains can also arise on life annuities, including purchased life annuities, as well as capital redemption policies. They are taxable as income although tax at basic rate may be treated as paid on the gain in which case further tax will only be due from higher (or additional rate) taxpayers. They are not capital gains, so capital losses and the annual exempt amount cannot be set against them. Weighing up early surrender cost vs tax efficiency of Life Policies and tax relief in UK pension pots it could be wise to consider setting up a mechanism to pay into to an existing UK pension scheme, reduce taxation and be more efficient when resident back in the UK. Income taxes in the UK are higher than capital gains taxes so for offshore tax earners the chargeable income gain can be higher than capital allowances. Band Taxable income Tax rate Personal Allowance Up to £11,850 0% Basic rate £11,851 to £46,350 20% Higher rate £46,351 to £150,000 40% Additional rate over £150,000 45% Tax bracket CGT rate on assets CGT rate on property Basic-rate payer 10% 18% Higher or additional-rate payer 20% 28% Before surrendering or disinvesting from a policy, speak to Edale on options. UK option that could receive tax credits to mitigate income tax on policy surrender Every year there are allowances for making contributions into a SIPP and other pensions. Personal pension contributions are topped up with 20-45% tax relief so this can be considered a method to reduce or neutralise chargeable gains from a foreign insurance company policy. Any UK resident can contribute as much to a pension as you earn each year, up to a maximum of £40,000, this is the annual allowance. The main opportunity to minimise the income tax due on policy surrrender or maturity is to use the pension carry forward rules to get tax relief for personal pension contributions. If you paid in less than your annual allowance in any of the past three tax years you can carry forward the unused allowance, as long as you had a SIPP or other pension in place for each of the three years and your total contributions don’t exceed your current earnings. It can be confusing, so here is an example: Tax year Annual allowance Contributions made Unused allowance Remaining allowance in 2017/18 using carry forward: 2015/16 £40,000* £15,000** £25,000 2016/17 £40,000 £5,000 £35,000 2017/18 £40,000 £40,000 £0 2018/19 (current) £40,000 £40,000 £0 £60,000 How UK tax credits could be available on a maturing savings plan Here is a calculation of the tax credits of benefits from investing in a retirement pot. Your pension provider will claim back basic rate tax at 20% from HMRC adding this to your pot. If you pay a contribution of £80, your pension provider claims back a further £20 so a total gross contribution of £100 is paid into your pension pot. If you're a higher rate taxpayer, you can claim further tax relief (at your higher rate less the basic rate already claimed on your behalf) from HMRC. This is usually claimed through your self-assessment tax return, although HMRC may also adjust your tax code to give you this additional relief. This means that if you pay income tax at 40%, you could claim an additional £20 tax relief, making your net contribution £60 in the above example. If you’re a UK taxpayer, in the tax year 2018-19 the standard rule is that you’ll get tax relief on pension contributions of up to 100% of your earnings or a £40,000 annual allowance, whichever is lower. A £20,000 contribution to a pension has the following tax credit and growth at conservative growth estimates. The tax credit, non-taxable growth makes retirement saving very efficient in the UK. Contribution to pension Basic rate tax at 20% from HMRC Higher rate tax relief through self assessment Total relief Tax relief for Basic Tax Payer plus growth over 20 years on £20,000 £20,000 £5,000 £5,000 £10,000 20 yrs growth @3% £45,153 £54,183 - £9,031 @3% pa for 20 years 20 yrs growth @5% £66,332 £79,599 - £13,266 @5% pa for 20 years Given individual circumstances, ifs often best to get advice. Edale is familiar with these rules and could help you in your personal circumstances. --- > Our drawer of spare currency paid to a charity of your choice anywhere in the world - Published: 2019-01-25 - Modified: 2019-03-25 - URL: https://edale.co/charity-giveaway/ - Categories: Giveback Our filing cabinet of spare currency paid to a charity of your choice anywhere in the world. Guess the total value (in British Pounds) of the notes and coins we collected last year in the picture. Get it right and we pay the charity the money directly. Edale advises clients globally on investments, so we pick-up a few coins and notes from our travels, this is our clean desk policy applied to storage too... . Contact methodsRead More » --- - Published: 2019-01-06 - Modified: 2019-10-06 - URL: https://edale.co/you-planned-you-saved-you-dreamed-now-retirement-is-at-hand/ - Categories: News - Tags: Later life, retirement planning You planned. You saved. You dreamed. Now retirement is at hand and it may be time to start taking income from the savings you’ve worked so hard to accrue. It may also be a good time to evaluate your financial plan to make sure you are headed in the right direction. Edale can help you examine your current plans and offer suggestions to help ensure your long term financial needs are met. One area retirees should consider but often overlook is the ongoing need for investment diversity. While fixed investments are important for individuals who are retired or approaching retirement, people are living longer and may also benefit from continued investment in a diversified portfolio. Retirement can bring big changes. Call us at 0207 99 35 360 to discuss your plan. Together we can make sure your evolving financial needs are met, so that you can enjoy the retirement you deserve. --- > DIY attestation of documents for UAE - Published: 2018-08-30 - Modified: 2019-10-03 - URL: https://edale.co/diy-attestation-of-uk-documents-for-uae/ - Categories: News We recently had a development in the United Arab Emirates (UAE) where we needed to get degree and professional qualification attested for a director to get a working Visa for a project. We did not want to go through an expensive thirdparty and did some of the work in the UK and then used this for steps in Dubai. Here is our DIY attestation for Uk documents whilst we are here. Just to recap, attestation is where you get documents from overseas stamped by the UAE Embassy to be recognised in the UAE. There are three steps to the process in the UK: Solicitor, Foreign & Commonwealth Office and UAE Embassy in London. Solicitor You need to use original copies of documents (UAE may not accept copies so use originals was out advice). For us this was a Degree and A-Level certificates (twenty years old in our case). We went to a local solicitor and asked them to notarise, also called authenticate or certification, the certificates were originals. The solicitor charged us £10 a document and wrote words to the effect “I certify this is an original certificate of education” signed and dated on the back of the certificate. You can find a solicitor through the Solicitor Regulation Authority website. Then we needed to get the documents “legalised” with the Foreign & Commonwealth Office.   Independent financial advice Let Edale help you manage your wealth. Financial Advice Foreign & Commonwealth Office We completed the online form here. We chose the standard service, £30 a document and 2 business days turnaround. As you start the application the first step is to authorise the documents. We selected "degree certificate", then Select. Adding the number of documents we were sending (three in our case), the press continue. We selected originals given the warning we had that certified copies when they are processed by the UAE authorities are sometimes rejected if not originals. The next page requires that the documents have been certified and we could say 'Yes" on this page as we had this done first. We went through the next couple screen confirming our details and return address to the UK. Plus a return address for the documents if they cannot be legalised. Then comes the page to confirm the number of documents and amount to be paid. Next, confirm how the documents will be sent. We were happy with UK post so sent them normal post. Choose how the documents will be returned to you. If you select them to organise return then it is an extra £5. 50 or you can add a self-addressed envelope. The instructions for self-addressed envelope are in the screen grab below. Finally, an options page to add a reference number and on the next page is a summary page of all the details. Then it redirects to the payment page. After that was all done we added the receipt and certificates and posted to the stationary office address they provided. When these come back you will have an A5 size legalisation on the back of the certificate. We scanned both pages of these documents and UAE Ministry of Foreign Affairs Once we had received the documents from the UK Foreign and Commonwealth Office we went to the website to do the UAE embassy. Visit https://www. mofa. gov. ae/EN/Pages/Login. aspx and select a new registration. After completing the new registration we received an email in Arabia but with Google Translate we were able to translate it. The copy of the email we had is below. When completing the legalisation form we selected the service type of "Fees for attestation on Regular Certificate" as this was for personal certificates. The service location we selected was "(London) UAE Embassy" State the number of documents. If you have more than three documents then you will need to do batches of three documents by creating a new legalisation form for each batch of documents. We uploaded PDF of both sides of the documents as the Foreign and Commonwealth Office legalisation document was pasted to the back of each certificate. We put three certificates into one PDF document. There are online PDF merge tools if required. Then we proceeded to make the payment via the portal. The charge of AED150 per document can be reduved by using a foreign exchange card, in our case we used a revolut to reduce FX fees. The payment receipt was then the cover page for sending the documents to the embassy. Complete the form to accompany the originals saved at https://www. mofa. gov. ae/EN/DiplomaticMissions/Embassies/London/Services/Documents/post-courier-form. pdf We posted the original documents that had the solicitor authorised and Foreign and Commonwealth Office legalisation page, postal form, payment receipt plus a self-addressed envelope to the to the UAE Embassy. Whilst the process was progressing we received emails from the UAE Ministry of Foreign Affairs originating with the UAE Embassy to confirm the status of the attestation. For us, we opened an account, posted the pack first class in the UK and the next business day had the "completed" email from the UAE Ministry of Foreign Affairs the next business day. A couple days later the documents came through the front door postbox. With all of these documents in hand and attested by the Embassy it was then to get them stamped on the Dubai side by the Ministry of Foreign Affairs to recognise that the attested documents were valid and then to the Education Department to have them recognised as valid for the UAE, the next step was then to do the necessary in the UAE. See the top tips below if getting education certificates completed. Tips for getting education attestation in Dubai Despite having a degree there is sometimes a request from the UAE authorities for proof that general education i. e ages 5-16 years has been completed. The British Council in Dubai can produce a letter on showing them a degree certificate for a small fee. This was a help to prevent any issues with the UAE Ministry of Foreign Affairs and the UAE Ministry of Education. When Degree Certificates are submitted to the Ministry of Education in Dubai they will contact the University via the UK Embassy. Complete this UAE Embassy - release of information consent letter and also if possible include contact details for someone in the university that can be benefitial for confirming the degree certificate is original. This will speed up a process that can take several weeks. This process is correct as the summer of 2018. It may change if so please contact us and we can update this page.   International expatriate wealth planning Edale works with people around the world. Sound financial advice. Financial Advice --- > Traffic adventures as we visit a new continent in Edale's expanding investment advisor work - Published: 2018-03-27 - Modified: 2019-02-27 - URL: https://edale.co/investment-road-trip/ - Categories: News Feb 2018 took us to a new continent in the Edale expanding client work. Sao Paulo was enriching in new experiences and firsts. We flew indirectly from London to Sao Paulo via Charles De Gaule in Paris that involved a transfer from terminal 2 to terminal 1 that was more difficult and time-consuming than it should have been with a massive walk, bus wait, and another trip up and down the spider design of CDG. That part of the trip was going to be outdone by the Friday traffic jam in SP. Here's our traffic adventure in SP. I now know in a city of 20 million people, traffic jams have become part of the culture. Rich commuters prefer to helicopter to work, where landing pads are at the top of a lot of the buildings in the city centre. No such riches for Edale. We were fortunate our inbound flight meant we were on the road at 5am and an hour later we were in Brooklin to start a few days of meetings. Friday back to the airport was travel failure and not forward planning. Having had warning of bad traffic at a start to the weekend meant we left at 3PM but still spent 4 hours getting to the airport and experiencing tail to bumper on the fast land of the BR116 with people selling cold drinks! It reminded me of days in 1999 in Johannesburg where traffic was bad and people were window selling at every stop. João Doria was a major who campaigned on the slogan Acelera São Paulo (“speed up São Paulo”) though we were in the rut of the start of the weekend and on the main road out of town. Anyway, a snail pace adventure that matched inefficiency of a terminal transfer at CDG. Sao Paulo is a colourful city and one we'll be back as we grow. --- - Published: 2016-08-03 - Modified: 2019-02-27 - URL: https://edale.co/accolade-finalist-in-17th-international-fund-product-awards/ - Categories: News Edale has been named as a finalist in a highly regarded international awards program for an award that recognizes service above and beyond that of normal business. The International Fund and Product Awards, now in its seventeenth edition, aims to find excellence in the international wealth and financial advisory market. The Best International Practice award is for firms that have service levels that go above and beyond the norm. The awards are in honour and recognition of groups who distribute financial products and services internationally. Among Edale in the shortlist are: Old Mutual International, Future Fit - Old Mutual International Intelligent Investments Ltd / PortfolioMetrix - Intelligent Investments Ltd Atlas Wealth Management - Atlas Wealth Management The winners will be announced on October 12th at the Four Season Hotel, Park Lane, London. --- - Published: 2016-04-13 - Modified: 2019-02-27 - URL: https://edale.co/edale-to-join-growth-accelerator-aug-2016/ - Categories: News, Vision Edale recently completed competitive interviews and has won a place to join a growth accelerator to help us nurture international growth and sustainable development in our existing markets. We thought it worthwhile to write how we feel we shall benefit from this as a business, improve our client service and grow into new markets. We have lots of ideas and shall boil these down to a few nuggets in the coming months. What is a growth accelerator? They help a business get to the heart of the barriers that are holding business back and work alongside executives to identify the critical steps needed to achieve the next phase of growth - rapidly and sustainably. An accelerator provides services to support a business to grow including advice to build a successful growth strategy, discover new routes to funding and investment, unlocking the business leaders capacity for innovation and harnessing the power of employees. Our vision, which we can enhance and develop with the support of the accelerator, is to grow an international financial services business across 10-15 markets delivering high quality investment products to clients with unmet needs. We have always been passionate about our clients and products, though advice and mentoring can give a guiding hand and new mindset to do things differently and better. The business's focus has been to build quality financial products in unserved markets or improve existing markets that show deficiencies. The steady growth of the business has been achieved by solving clients' problems in an easily accessible way and a focus on being outwardly facing. Through the accelerator we shall gain access to financial support, premises with fellow growth businesses, mentoring and access to networks. With the accelerator backed by a big four accounting firm and major high street UK bank we foresee "big business advice" in our day-to-day operation. This is a great resource we feel will improve our entrepreneurial mindset and business execution for the benefit of clients, stakeholders and shareholders. The six-month incubation starting in August 2016 and potential for further twelve month nesting are amongst a wide range of services we shall be looking to access and support the business’s growth and deliver our vision. We look forward to an exciting few months ahead and valuable time within the accelerator. --- - Published: 2016-04-06 - Modified: 2016-06-29 - URL: https://edale.co/mfex-adds-salam-pax-to-fund-platform/ - Categories: Funds, News, Salam Pax SICAV - Tags: halal investment, mfex, sharia compliant fund Edale's Luxembourg-domiciled Sicav fund range is now available through MFEX Mutual Fund Exchange AB. This will apply in all countries where the Sicav is registered for public distribution and MFEX's clients operate. This agreement widens Salam Pax SICAV distribution network in Europe and Asia. MFEX is an independent fund marketplace offering financial institutions an automated, secure and cost efficient solution for trading mutual funds as well as calculating and recovering rebates on trail fees. 700+ fund companies from 40 legal domiciles worldwide make their funds available via MFEX. Edale advises ethical and morally responsible investment funds, under the brand Salam Pax. The risk graded building block funds appeal to investors seeking funds that match their religious beliefs and are certified sharia compliant. The global bond and multi-asset funds offer clients' a halal savings solutions whether they live in Europe, Middle East or Asia. --- - Published: 2016-03-03 - Modified: 2016-03-10 - URL: https://edale.co/the-debts-of-government-and-nations-impact-on-bond-investing/ - Categories: Investments, Salam Pax SICAV Developed market indebtedness and the adverse consequences of massive national debt are still with us 240 years after Adam Smith's ground ground breaking economic book The Wealth of Nations (written by Adam Smith and published 1776). Some of his lessons in the chapter “Public Debts” should be remembered by investors today... . Contact methodsRead More » --- - Published: 2015-09-17 - Modified: 2015-09-17 - URL: https://edale.co/salam-pax-fund-range-now-available-via-calastone-order-routing/ - Categories: Salam Pax SICAV - Tags: calaston, funds, investing, sharia, wealth Salam Pax funds can now be transacted via Calastone’s international order routing network that will support Salam’s cross-border and international activities. The Salam Pax fund range is the first Shariah-compliant fund suite available as risk-profiled products and is recognized an early mover by making this Islamic fund range available as an RDR-compliant ‘unbundled’ fund share class. The group has investors across Europe and a growing international investor base in both retail and wholesale markets. Lawrie Chandler, Director of Salam Pax added, “Calastone helps to optimize our UK fund dealing and simplify our growing European cross-border distribution. We have great ambition for further growth and have every confidence that by automating our processing and back office capabilities this will help us achieve the benefits of scale on a domestic, regional and international basis. ” Calastone’s ambition is to connect fund providers, managers, distributors, platforms, custodians and fund administrators. Irrespective of firms’ size or location, it seeks to enable the industry to interoperate, reap the full potential of automation, benefit from straight-through processing, and reduce cost and risk by taking full advantage of the efficiencies that automated transaction processing can offer. Commenting on the introduction of Salam Pax to the network, Isabell de Wit, Associate Director said, “We welcome, support and seek to play a part in driving greater innovation, distribution and efficiency right across the investment lifecycle. We applaud Salam Pax’s early recognition that by making the fund range available as an RDR-compliance share class this would offer distribution opportunities and potential to reach investors all over the world. Many of the largest distribution platforms are connected to our global network and we look forward to playing a role in helping this fund become successful by providing interoperation, automation and access to a wide range of connected investment parties. ” --- > Swiss Life adds Serenity Sukuk to its investment-linked plan, in partnership with Salam Pax Funds - Published: 2015-06-30 - Modified: 2015-07-30 - URL: https://edale.co/swisslife-expands-family-takaful-investment-options-with-sukuk-fund/ - Categories: Salam Pax SICAV Swiss Life launched its newest investment-linked fund, in partnership with Salam Pax Funds, called Serenity Sukuk; an Islamic investment fund that aims to achieve consistent total growth over the medium to long term. Swiss Life Insurance and Heritage believes the partnership will enable SwissLife to strengthen its partnership with insurance advisers and reinforce the product proposition of its investment-linked Takaful plan, Salam Epargne & Placement. Swiss Life launched in 2012 what is believed to be Europe’s first family takaful product for local residents, primarily aimed at French customers looking for Islamic finance or ethical investment solutions. There are now three takaful savings plans available in France. --- > finalist in Corporate Social Responsibility Category of the Investment Marketing and Innovation Awards - Published: 2015-04-22 - Modified: 2015-05-26 - URL: https://edale.co/corporate-social-responsibility-accolade/ - Categories: News Edale Group working with Salam Pax is a finalist in Corporate Social Responsibility Category of the Investment Marketing and Innovation Awards. This category recognises companies who have successfully innovated in making ethical principles part of their products or funds appeal to private or professional investors. The Awards celebrate all that is fresh, new and relevant in investments. The Award’s categories cover both marketing and proposition development and are designed to recognise and reward innovation within the sector. --- > Salam Pax SICAV announces the registration in France and the UK of the Serenity Sukuk Sub-Fund. - Published: 2015-04-21 - Modified: 2015-09-30 - URL: https://edale.co/salam-pax-sukuk-fund-registered-in-france-and-uk/ - Categories: Investments, News, Salam Pax SICAV - Tags: islamic wealth management, salam pax sicav, sharia wealth management, sukuk Salam Pax SICAV announced today the registration in France and the UK of the Serenity Sukuk Sub-Fund. The general public are now able to invest in both the Ethical Funds of Funds and Serenity Sukuk Funds. Salam Pax's success in building the Ethical Fund of Funds investor base and robust returns has supported the business to strengthen the range of funds and open them to the general public. Salam Pax now comprises two risk profiled strategies that can be blended to match most investors' risk appetite. The new registrations widen Salam Pax distribution footprint in the European institutional and wholesale markets allowing the fund to accept investments from an broader investor base... . Contact methodsRead More » --- > Liquidation reduces ETF options for ethical investors and means existing investors will receive cash by the 26 March 2015. What's the impact and choices? - Published: 2015-03-14 - Modified: 2015-03-14 - URL: https://edale.co/liquidation-of-deutsche-bank-x-tracker-etf-comes-as-investor-trends-move-to-managed-funds/ - Categories: Investments, Salam Pax SICAV Deutsche Bank x-tracker ETF business is liquidating its sharia exchange traded funds. This reduces exchange traded investment options for ethical investors and means existing investors will receive cash by the 26 March 2015. What's the impact and choices? ... Contact methodsRead More » --- - Published: 2015-02-26 - Modified: 2015-03-18 - URL: https://edale.co/lhv-change-in-the-domicile-of-the-fund/ - Categories: Salam Pax SICAV LHV Persian Gulf Fund has due to its uniqueness been popular among foreign investors. In order to improve the accessibility of LHV Persian Gulf Fund for foreign investors, the new domicile of the fund is going to be Luxembourg. The re-domiciliation shall be carried out through a cross-border merger in which LHV Persian Gulf Fund participates as the merging fund and SEF-LHV Persian Gulf Fund (SICAV, UCITS) as the receiving fund. Prior to the merger, the receiving fund is an empty shell, i. e. it has no investors, assets nor liabilities. After the merger, the unit-holders of LHV Persian Gulf Fund are going to become shareholders of SEF-LHV Persian Gulf Fund. The re-domiciliation is not going to have any material impact on the current investors. The fund shall continue to invest into the GCC region based on the current strategy. AS LHV Varahaldus as well as the fund manager Joel Kukemelk, will remain responsible for the investment management of the portfolio of the fund. Pursuant to the Estonian Income Tax Law, the redemption of units and the issue of shares in the course of a merger is not deemed to be a receipt of income. No action is required in relation to the merger by the clients who wish to remain investors to the fund. The domicile of the fund is going to change through merger on April 13, when in the course of a corporate action the class A and class B units of LHV Persian Gulf Fund are redeemed and SEF-LHV Persian Gulf Fund shares are issued to the investors. For every class A unit, a share is issued; in case of class B units, the number of shares to be issued are determined on the basis of the following formula: number of class B units x class B unit net asset value / class A unit net asset value. SEF is a SICAV (société d'investissement à capital variable - investment company with variable capital) which has appointed Swedbank Management Company S. A. , an entity part of the Swedbank Group, as its management company. Investors who prefer not to keep investing into the GCC region through the Luxembourg domiciled fund, have the opportunity to exit the fund free of charge from February 26 to April 01. In order to evaluate the effects of the merger and to make an informed decision on whether to participate in the Merger or not, we advise the unit holders to familiarize themselves with the following documents: --- - Published: 2015-02-18 - Modified: 2015-03-20 - URL: https://edale.co/award-best-asset-management-house-europe/ - Categories: News, Salam Pax SICAV Edale has been awarded the Best Asset Management House in Europe at the International Takaful Awards 2015, which was held in conjunction with the 9th International Takaful Summit at the Savoy Hotel in London last night... . Contact methodsRead More » --- - Published: 2014-12-03 - Modified: 2014-12-03 - URL: https://edale.co/third-uk-platform-adds-salam-pax-funds/ - Categories: News, Salam Pax SICAV Salam Pax funds, organised as an Luxembourg‐domiciled SICAV, has been added to Nucleus Financial Group's UK wrap platform. The addition of the Salam Pax funds to this platform symbolises the growth since entering the UK at the start of 2014... . Contact methodsRead More » --- > Shortlisted for Fund of Funds of the Year in MENA Fund Manager magazine's annual performance awards. - Published: 2014-11-25 - Modified: 2014-11-25 - URL: https://edale.co/ethical-fund-shortlisted-fund-funds-year/ - Categories: News, Salam Pax SICAV The Ethical Fund has been shortlisted for Fund of Funds of the Year in MENA Fund Manager magazine's annual performance awards... . Contact methodsRead More » --- > What is the best way to build a sharia compliant portfolio and what are the best islamic assets to hold? - Published: 2014-11-04 - Modified: 2015-08-25 - URL: https://edale.co/building-sharia-compliant-portfolio/ - Categories: Salam Pax SICAV Constructing an investment portfolio that is capable of meeting an investors long-term investment objectives is not a simple task. There are thousands of different investment funds to choose from in the UK alone, let alone an ever-expanding selection of overseas funds. Additionally picking sharia compliant funds is difficult as the choice is more limited and quality of funds varies massively... . Contact methodsRead More » --- - Published: 2014-10-17 - Modified: 2014-11-17 - URL: https://edale.co/gulf-equity-market-drawback-one-year-outlook/ - Categories: Investments, LHV Persian Gulf Fund A few comments from the LHV Persian Gulf Fund Manager on the middle east equity market falls in the past few weeks and some macro notes on where we go from here. Turbulence creates opportunities. And yes, we are seeing some turbulence also on the Arabian peninsula as a combination of falling oil prices, tumbling global equities and ongoing ISIS clashes in northern Iraq... . Contact methodsRead More » --- - Published: 2014-09-01 - Modified: 2014-09-10 - URL: https://edale.co/middle-easts-largest-stock-market-set-open/ - Categories: LHV Persian Gulf Fund, News So far, foreign investors have not been able to invest directly into Saudi Arabian stock market. However, this year there have been positive signs that in the first half of 2015, one of the biggest closed stock markets will finally be accessible for foreign capital. Asset managers that are located outside the Gulf Cooperation Council (GCC) area have been waiting for this since 2008, when foreign investors got an opportunity to start investing in Saudi Arabian companies through derivative instruments and exchange-traded funds. The Saudi stock exchange is interesting for many reasons. Firstly, its stock market (Tadawul) is the largest in the Middle East with $580 billion market capitalization (ca 1% of world’s stock market). To compare, the cumulated market capitalization of United Arab Emirates’ (UAE) Dubai and Abu Dhabi is around $245 billion and Qatar’s is $200 billion. There have been several initial public offerings and liquidity is high. According to Deutsche Bank, Saudi Arabia’s stock market is the most liquid in the Middle East and North Africa (MENA) region. The last 6 months’ average daily trading volume has been $2. 5 billion, which forms 65% of MENA region’s total market liquidity. In addition, the Saudi Arabian stock market has diverse sector selection and more companies listed than any other market in the region. MSCI Index research managing director Sebastien Lieblich has stated that after its stock market opening, Saudi Arabia might be added to MSCI emerging markets index earliest in 2017 making up around 4% of the index. Saudi Arabia’s stock market is also attractive in the context of macroeconomics. Saudi’s economy is the largest in the region with GDP of $745 billion. Due to high income from oil sector, its current account and government budget were strongly in surplus in 2013. During the last years, the government has been spending vigorously on several projects in order to ensure sustainable economic growth and diversification. On average, GDP has been growing 6. 4% per year. This year, IMF forecasts a bit slower growth, which will stay above 4% and is very attractive in the global context. Saudi Arabia’s demographic position is also considered as one of its strengths with 29 million habitants having median age of only 26. 4 years. Today, only local investors and foreign investors from GCC countries are able to trade stocks freely. Money managers outside of the GCC region have had rather limited access as the market is only accessible through derivative instruments and local funds. With every passing year Saudi Arabia’s economic prosperity and attractive future outlook has been constantly increasing the interest of international investors. Most of the attention has been caused by big companies that have showed decent profitability in the recent years and have complied with generally approved transparency standards. Considering that current trading volume of Tadawul is dominated by local retail investors, the addition of international institutional investors will considerably increase trading activity, volume and liquidity. It is estimated that foreign investors own only 5% of Saudi Arabia’s market and form only a fraction of its trading volume. When opening the stock market for foreign investors, Saudi’s agents of power want to use a quite regulated system in order to ensure slower capital inflows. Although global investors have been waiting for the opportunity since 2008, the process of market opening has been extremely careful and has been spoken of for over 10 years. It is expected that some limitations will still be established. Investors speculate that foreign investors who would like to directly invest into Saudi Arabian market will need to have at least $5 billion of assets under management. In addition, there can be an establishment which prohibits a foreign investor to own more than 5% of Saudi Arabian listed company and all foreign investors to cumulatively own more than 20% of the company. The government has been extending the stock market reform for many reasons. Some of the reasons are possible excessive volatility and political sensitivity that could be driven by foreign investors’ strategic ownership in Saudi Arabia’s biggest companies. The most suitable scenario for foreign investors is where the barriers are the lowest. However, it should be taken into consideration that the opening of the stock market will not necessarily make Saudi Arabia more liberal, it rather indicates more pragmatic political culture by the authorities. The agents of power are looking forward to opening the stock market in order to create new jobs, diversify the economy to be less dependent on oil sector, and to increase transparency of the local companies by being compliant with stock market standards. Transparency remains to be an issue that needs to be resolved, especially in the case of smaller listed companies. On the other side, after Qatar and UAE were added to MSCI emerging market index this June, Saudi Arabia might miss relatively cheap capital inflows by extending the stock market opening, which could cause slightly slower economic growth than of the neighbour countries. According to Reuters, foreign investors have an ownership of up to 15% in some of the smaller stock markets in Persian Gulf region (Dubai for example). Capital inflows to Saudi Arabia might increase by $40-50 billion once foreign investors will have the right to increase their holdings in Saudi companies. The opening of Saudi Arabian stock market might change the thought pattern of global money managers about the Persian Gulf region, which is already considered as a high-potential emerging market rather than an exotic and risky region. The opening of the stock market will surely add a liquidity boost to Saudi Arabian companies and the capital inflows will probably be reflected in the stock market growth. Tadawul’s general index has reached new highs since January 2009, with price-to-earnings ratio being 16. 2x and price-to-book ratio of 2. 5x. Source: Bloomberg --- > Sharia compliant investment management with third party certification and track record - Published: 2014-08-25 - Modified: 2015-08-25 - URL: https://edale.co/sharia-portfolio/ - Categories: Investments - Tags: discretionary portfolio, fund, porfolio, sharia Islamic finance is a unique form of investment that is best compared with the values of socially responsible investing. Shari’a-compliant portfolios promote large-scale investment along lines similar to the niche ethical funds available to Western consumers. It is an ethical and equitable mode of finance that derives its principles from Islamic law. The main principles of Islamic Finance are: Prohibition of interest Money should be used to support productive economic ventures Prohibition of uncertainty and gambling Avoidance of economic transactions that are based upon uncertainty in both timing or quantum of any gain / loss Mutuality / Profit and loss sharing / Partnership In an economic activity, when more than one party shares a risk, the risk each party faces individually is reduced Ethics / Prohibition of forbidden activities Avoidance of activities that promote low ethical values, e. g. tobacco, alcohol, gambling, etc. In building and managing a sharia portfolio it is vital that the wisdom of Shari’ah is paired with conventional skills to produce the best results. Strategic asset allocation for a sharia portfolio We maintain a global list of the best fund managers, securities and passive investments. Our expertise and forefront in this area has also seen us seed managers. Some investment groups will leave the sharia compliance to underlying managers or not perform annual reviews. Edale through its Salam Pax service has any investment approved prior to inclusion in a portfolio and an annual audit is performed to ensure all the assets and portfolio's operation is sharia compliant. There is a mistaken belief in some minds that Islamic investments are substandard in performance as they are constrained from participating within certain industries, like the conventional banking and entertainment industries. Our analysis shows Shari’a-compliant investments when compared to their conventional counterparts perform well. To learn more about this type of investing and what Edale can offer, please contact us for further information. --- - Published: 2014-04-30 - Modified: 2014-11-05 - URL: https://edale.co/new-sharia-compliant-multi-asset-fund/ - Categories: Salam Pax SICAV Sharia compliant multi-asset fund The Ethical Fund invests globally in world-class fund managers and ETFs. Salam Pax Fund appeals to ethical and sharia compliant investors... . Contact methodsRead More » --- - Published: 2014-04-16 - Modified: 2014-05-13 - URL: https://edale.co/opinion-editorial-africa-asset-management-magazine/ - Categories: News The seeds for a boom in Sharia-compliant investments and products in Africa are sown and pockets of strong growth are now emerging across the continent. Lawrie Chandler wrote an analysis of the market looking at the products, markets and providers that form part of this growing market. The editorial appeared in April's magazine. Read the article --- - Published: 2014-03-29 - Modified: 2014-03-11 - URL: https://edale.co/donation-of-airmiles-to-wwf-during-earth-hour/ - Categories: News Edale donated is accumulated airmiles with South African Airways to the World Wildlife Foundation. In celebration of Earth Hour Edale passed all its accumulated frequent flyer miles during work in South African to the WWF South Africa... . Contact methodsRead More » --- - Published: 2014-03-17 - Modified: 2014-03-17 - URL: https://edale.co/qatar-group-appoints-edale-new-project/ - Categories: News Edale has been retained to perform a key role in a development project for Qatar based QInvest. QInvest’s three business divisions are Investment Banking, Principal Investments and Asset Management. QInvest was licensed by the Qatar Financial Centre Authority in April 2007 and is authorised by the Qatar Financial Centre Regulatory Authority. QInvest’s shareholders include Qatar Islamic Bank and other institutional investors, as well as high-net-worth individuals. The firm has authorized capital of US$ 1 billion and paid up capital of US$ 750 million. --- - Published: 2014-02-01 - Modified: 2014-04-02 - URL: https://edale.co/fund-research-utilised-swiss-life-salam-epargne-placement-product/ - Categories: News, Salam Pax SICAV Salam-Savings & Investment is a unit-linked life insurance contract. It is backed by the Salam Pax SICAV Ethical funds of funds, a UCITS compliant scheme. Edale's sharia compliant fund research is being utilised for fund selection and macro research. Swiss Life was the first insurer in France to expand its range of life insurance contracts by launching Salam, Savings & Investment. This multichannel contract has been developed in accordance with the ethical principles and Islamic finance. For French residents wishing to save in accordance with their faith, the contract allows investment into the Salam Pax Sicav - Ethical Fund of Funds. The ethical fund invests in funds and exchange traded funds that comply with sharia principles. Key features of Salam Savings & Investment: --- - Published: 2014-02-01 - Modified: 2015-08-25 - URL: https://edale.co/processus-dinvestissement-de-salam-pax-ethical-funds-of-funds/ - Categories: Salam Pax SICAV Capitalisant sur l’expérience reconnue des meilleurs gérants de la place, l’approche multi-gérants d’Edale offre une philosophie d’investissement à long terme, sans produit complexe. Edale Group, conseiller du fond Salam Pax, elu meilleur gérant européen de fonds lors du International Takaful Awards 2015. Objectifs d’investissement Le gérant de fonds fait une allocation des actifs selon l’objectif du fonds qui est de diversifier le risque sur plusieurs classes d’actifs. La stratégie repose sur des prises de positions plus ou moins longues sur des fonds existants, eux-mêmes alloués sur des actions, des sukuk, des matières premières, etc. Processus d’investissement de Salam Pax Ethical Fund of Funds Le processus d’investissement de Salam Pax Ethical Fund of Funds associe une expertise en allocation d'actifs et une expertise en sélection de fonds. L'allocation d'actifs du fonds et la sélection des OPCVM découlent d'un processus d'investissement structuré qui combine une approche Top down (diversification et réduction de la sensibilité du portefeuille) et une approche Bottom-up (sélection des gérants les plus talentueux). La combinaison de ces expertises permet la construction d'un portefeuille composé de sous-jacents investis sur un large panel de thématiques d'investissement, de pays et de secteurs d'activité dans l'objectif de tirer profit des opportunités de marché et de réduire la sensibilité du portefeuille aux marchés baissiers ou trop volatils. Expertise en allocation d’actifs (stratégie “top-down”) Fondée sur une analyse macroéconomique et sur un modèle d'optimisation de portefeuilles Identification des pays et zones géographiques offrant, selon notre analyse, les meilleurs perspectives de partage ajustée des anticipations de risque. Choix des indices représentaitifs des zones d'investissement sélectoinnées. Choix des bornes d'investissement sur l'ensemble des axes d'investissement identifiés dans le respect des contraintes d'exposition du fonds. Mise en oeuvre du modèle d'optimisation de portefeuilles afin d'obtenir les pondérations cibles du portefeuille modèle. ▼ ▼ ▼ ▼ Combinaison d'expertises ▲ ▲ ▲ ▲ Mise à jour de la base de données composée de 300 OPC environ via Morningstar et Bloomberg. Critères quantitatifs tri multicritères d'après l'historique de performance des sous-jacents. Critères qualitatifs connaissance des sociétés de gestion, entretien avec les gérants, cohérence des processus de gestion. Evaluation des fonds potentiel de performance, profil de risque/ rendement. Expertise en sélection de fonds (stratégie “bottom-up”) Basée sur une analyse quantitative et une analyse qualitative Avertissement : Les analyses exprimées ici, ne constituent pas des recommandations d’achat ou de vente et ne reflètent que l’opinion de la société de gestion au moment de leur rédaction, en fonction des informations à sa disposition à cet instant. Cette opinion peut changer, à tout instant, sans que la société de gestion n’ait à en aviser les lecteurs du présent courrier. Par conséquent, la société de gestion n'est pas responsable de l’utilisation à des fins transactionnelles ou dans tout autre but, par le lecteur de ce document, des informations contenues dans ce courrier et des documents joints. --- --- ## Testimonials - Published: 2025-05-23 - Modified: 2025-05-23 - URL: https://edale.co/testimonial/very-quick-to-respond-helpful/ - Testimonial Categories: Americans in the UK I pretty much had my questions answered within 3 emails. Great service. --- - Published: 2025-05-02 - Modified: 2025-05-02 - URL: https://edale.co/testimonial/phoned-on-the-off-chance-got-very-helpful-signposting/ - Testimonial Categories: Americans in the UK I phoned up on the off chance and was given a very helpful overview of my situation by Lawrie. I would certainly come back for more advice should it be necessary. --- - Published: 2025-04-30 - Modified: 2025-05-02 - URL: https://edale.co/testimonial/fantastically-knowledgeable-help/ - Testimonial Categories: Americans in the UK, Expat Financial Advice Asked for a Zoom interview as I was confused about the likely tax rates and how to proceed on my little US retirement savings from a two-year employment some years ago, being a permanent UK resident and finally old enough to take them out. Laurie clearly knew the exact situation, helped me to understand the jargon, could answer all my questions easily, and showed me clearly how to proceed so as to end up paying a much smaller tax rate than the scary 30% that I'd seen banded about on websites. No attempt to sell me anything I didn't need, and a complete understanding that my income and savings are small and not 'big gun' investments. Very very helpful - thank you so much! --- - Published: 2025-04-15 - Modified: 2025-05-02 - URL: https://edale.co/testimonial/questions-relating-to-access-to-my-401k-pension/ - Testimonial Categories: Americans in the UK I had some questions relating to access to my 401K pension . Lawrie was extremely helpful and patient in explaining the tax implications of several scenarios. Excellent service! --- - Published: 2025-04-10 - Modified: 2025-05-02 - URL: https://edale.co/testimonial/really-helpful-testimonial/ - Testimonial Categories: Expat Financial Advice Edale were really helpful to me and gave me good pointers on the direction I should take. I'd go back to them for further advice without hesitation. --- - Published: 2025-04-02 - Modified: 2025-04-02 - URL: https://edale.co/testimonial/drawing-down-us-pensions-from-the-perspective-of-a-uk-resident/ - Testimonial Categories: Americans in the UK Lawrie was approachable, knowledgable and pragmatic on the reality of drawing down US pensions from the perspective of a UK resident. I'd recommend Lawrie and Edale. --- - Published: 2025-03-31 - Modified: 2025-03-31 - URL: https://edale.co/testimonial/i-would-highly-recommend-using-edale/ - Testimonial Categories: Americans in the UK Lawrie has been most helpful with a variety of US retirement questions. He has provided good information and succinct advice. --- - Published: 2025-03-25 - Modified: 2025-03-25 - URL: https://edale.co/testimonial/very-thorough-and-pertinent-advice-from-lawrie-he-has-ample-patience-for-someone-my-age-and-didnt-make-me-feel-rushed-or-under-pressure/ - Testimonial Categories: Americans in the UK I have complex tax and investment needs covering both the US and UK. My goal is to retire in the UK after many years of working in the US. This is a daunting move with tax consequences if done without advice. I was given advice for my personal situation and investment goals, and so far am very impressed with the advice I have received from edale. I look forward to working with edale in the future. --- - Published: 2025-03-23 - Modified: 2025-05-02 - URL: https://edale.co/testimonial/great-meeting/ - Testimonial Categories: Americans in the UK Lots of information and questions answered around FIG regime and PFICs. Really helpful consultation. --- - Published: 2025-03-18 - Modified: 2025-03-18 - URL: https://edale.co/testimonial/well-be-back/ - Testimonial Categories: Americans in the UK I had an excellent experience with Lawrie, who demonstrated a deep understanding of the complexities involved with our dual UK/US citizenship. In just a brief meeting, he provided specific advice and tailored recommendations that addressed our unique financial situation. His expertise and clear communication were incredibly helpful. Highly recommended! --- - Published: 2025-03-18 - Modified: 2025-03-18 - URL: https://edale.co/testimonial/knowledgeable-concise-and-accessible/ - Testimonial Categories: Americans in the UK Lawrie was extremely helpful in bringing clarity to my situation and advising the best way to handle my US investments and pension while living in the UK. I appreciate his concise approach with no sales pitches. --- - Published: 2025-03-14 - Modified: 2025-03-14 - URL: https://edale.co/testimonial/very-polite-and-friendly-and-helpful/ - Testimonial Categories: Americans in the UK Our situation is a little complex, and although Lawrie couldn't help directly they recommended a couple of other companies for us to contact. Many thanks! --- - Published: 2025-03-10 - Modified: 2025-03-10 - URL: https://edale.co/testimonial/very-helpful-initial-consultation/ - Testimonial Categories: Americans in the UK I just had an initial consultation and Lawrie was very helpful. He answered all the questions I had, and followed up with an email containing helpful links and advice. I'm looking forward to continuing with this service. --- - Published: 2025-03-07 - Modified: 2025-03-07 - URL: https://edale.co/testimonial/a-very-useful-and-professional-financial-advice-service/ - Testimonial Categories: Expat Financial Advice As a UK expatriate it is difficult to find accurate and impartial financial advice. I was pleased to discover Edale, who offer a comprehensive and personalised service. There is certainly no ‘hard sell’ and in my initial consultation I was able to discuss the options without any obligation. I’m not in immediate need of their fee-bearing services but if this changes Edale will be my first port of call. --- - Published: 2025-03-07 - Modified: 2025-03-07 - URL: https://edale.co/testimonial/knowledgable-and-helpful-addressed-my-particular-circumstances-very-well/ - Testimonial Categories: Americans in the UK, Expat Financial Advice Lawrie addressed my retirement aspirations, tax questions, and financial position with the specific cross-jurisdiction knowledge I’d been seeking. I now feel more confident about my financial health and look forward to seeing the options Edale has to help me get investments in order. --- - Published: 2025-02-19 - Modified: 2025-02-19 - URL: https://edale.co/testimonial/great-service-and-advice/ - Testimonial Categories: Americans in the UK Lawrie was really helpful. Very easy to talk to. Possessed a depth of knowledge. Made sure he answered all my questions. I highly recommend Edale and Lawrie in particular. --- - Published: 2025-02-14 - Modified: 2025-02-14 - URL: https://edale.co/testimonial/lawrie-was-very-helpful-and-provided-me-with-some-useful-guidance-on-an-investment-basis-i-have-tax-and-financial-affairs-that-are-more-complex-than-usual-due-to-holding-multiple-citizenships-and-la/ - Testimonial Categories: Americans in the UK I would highly recommend this company as a first port of call for financial affairs or tax planning ideation. I was able to quickly book a consultation at no cost and left the call confident in what my options were going forward. Lawrie was very patient and listened to my circumstances meaning I did not feel rushed and was reassured about my financial concerns. --- - Published: 2025-02-14 - Modified: 2025-02-14 - URL: https://edale.co/testimonial/genuine-concern-eased/ - Testimonial Categories: Americans in the UK I had a call with Lawrie to discuss my retirement funding and challenges being a dual UK US citizen. His insight was keen, knowledgeable and helpful. We decided it was a bit early for me so I’ll be calling him closer to my retirement date in 2027. I felt no pressure and he was genuine in his advice. --- - Published: 2025-01-31 - Modified: 2025-01-31 - URL: https://edale.co/testimonial/really-helpful-121-consultation/ - Testimonial Categories: Americans in the UK Really appreciated the 121 consultation with Lawrie who provided helpful information and considerations as a US Citizen residing in the UK. Lawrie patiently answered our specific questions as a young couple (myself American and husband British), provided a helpful resource link afterwards, and was straightforward with next steps, without it feeling like a hard sell. Would definitely recommend to anyone and would contact Lawrie in future for future planning/ questions! --- - Published: 2025-01-29 - Modified: 2025-01-29 - URL: https://edale.co/testimonial/edale-were-very-helpful-giving-advice-about-how-to-handle-taxes-for-us-uk-dial-citizens-living-in-the-uk/ - Testimonial Categories: Americans in the UK I chatted with Edale to find answers to a number of questions I had about how to manage taxes when a dual US/UK citizen living in the UK. They were very familiar with the complexities of this situation and how to handle both the IRS and HMRC tax returns and additionally had advice on retirement. I highly recommend Edale. --- - Published: 2025-01-29 - Modified: 2025-01-29 - URL: https://edale.co/testimonial/advice-on-the-financial-reporting-and-tax-liability-for-a-junior-isa-for-my-american-child/ - Testimonial Categories: Americans in the UK I had a zoom call with Lawrie to ask for some advice on the financial reporting and tax liability for a Junior Isa for my American child. Laurie was very knowledgeable and easy to talk to about this matter. If we needed financial advice for investments in the future we would engage with this company again. --- - Published: 2025-01-24 - Modified: 2025-01-24 - URL: https://edale.co/testimonial/the-advice-received-was-explained-in-a-clear-friendly-transparent-way-especially-using-lay-persons-language-to-explain-technical-terms/ - Testimonial Categories: Expat Financial Advice The conversation I had about my UK pension was very helpful in guiding me towards next steps, things to be aware and careful of, questions to ask my pension holder, and other important and useful elements. I came away from the call feeling reassured and confident about next steps to take. I'd recommend Edale to anyone, especially anyone interested in avoiding hard sells on products provided by the advisor. --- - Published: 2025-01-24 - Modified: 2025-01-24 - URL: https://edale.co/testimonial/informative-and-friendly/ - Testimonial Categories: Americans in the UK I had a call with Lawrie to discuss some queries I had as a US citizen living in the UK. He was very helpful and provided me with very useful information and advice :) --- - Published: 2025-01-24 - Modified: 2025-01-24 - URL: https://edale.co/testimonial/straightforward-and-efficient/ - Testimonial Categories: Expat Financial Advice Excellent call with Lawrie who gave me frank and straightforward advice which was valuable. Much appreciated. --- - Published: 2025-01-20 - Modified: 2025-01-20 - URL: https://edale.co/testimonial/super-helpful-guidance-from-lawrie-which-helped-to-make-sense-of-a-multitude-of-potential-us-uk-issues-great-signposting-and-he-clearly-is-well-versed-in-his-field/ - Testimonial Categories: Americans in the UK Lawrie provided a helpful insight into the common pitfalls to consider and avoid when it comes to US/UK inheritance planning. He succinctly gave us an overview of the dual regimes and provided a road map for us to work our way through. --- - Published: 2025-01-15 - Modified: 2025-01-15 - URL: https://edale.co/testimonial/very-generous-time-and-interest-advice-that-i-hadnt-found-anywhere-else-thanks/ - Testimonial Categories: Americans in the UK Lawrie was very generous with his time and interest and gave me excellent advice that I hadn't found anywhere else. Thanks! --- - Published: 2025-01-13 - Modified: 2025-01-13 - URL: https://edale.co/testimonial/super-speedy-and-extremely-helpful-response/ - Testimonial Categories: Americans in the UK I had a pressing query about US/UK banking and received a speedy (same evening! ) extremely helpful response. Thank you so much! --- - Published: 2025-01-10 - Modified: 2025-01-10 - URL: https://edale.co/testimonial/fantastic-service-thanks-so-much/ - Testimonial Categories: Americans in the UK Signposting advice on main considerations as an US expat in the UK. --- - Published: 2025-01-09 - Modified: 2025-01-09 - URL: https://edale.co/testimonial/incredibly-helpful-and-informative/ - Testimonial Categories: Americans in the UK, Expat Financial Advice My wife and I had the pleasure of speaking with Lawrie at Edale about the complexities of moving our finances from the US to the UK. We were made to feel like no question was too big or too small, and Lawrie took the time to respond to each of these individually with great insight and guidance. We’d like to thank Edale and Lawrie for their helpful, informative and friendly service. --- - Published: 2024-12-17 - Modified: 2024-12-17 - URL: https://edale.co/testimonial/excellent-knowledgeable-professional-service/ - Testimonial Categories: Americans in the UK, Expat Financial Advice Lawrie has been excellent to work with, after searching for quite some time to find a company that does not require minimums to get started. He is responsive and thorough, and wants his clients to understand the process. They have all the services I need and I feel confident in my financial future. Would definitely recommend. --- - Published: 2024-12-14 - Modified: 2024-12-14 - URL: https://edale.co/testimonial/very-happy-with-the-advice-i-received/ - Testimonial Categories: Expat Financial Advice, Investments My advice came from Lawrie Chandler who i found very helpful, friendly & easy to deal with, whilst remaining professional. Living overseas it was tricky to get advice & not being a financial person made it difficult to understand all the implications. Lawrie was patient during explanations & a pleasure to deal with. I would highly recommend Lawrie & Edale. Julie. --- - Published: 2024-12-13 - Modified: 2024-12-13 - URL: https://edale.co/testimonial/incredibly-valuable-free-consultation-evaluated-our-options-suggested-new-ideas/ - Testimonial Categories: Americans in the UK, Expat Financial Advice, Investments My wife and I had a free consultation with Lawrie from Edale this morning. We have a difficult decision to make of how to use the substantial inheritance money that needed both US and UK expertise. We are deciding between buying to let properties in the USA and repaying our mortgage and investing in the UK. Lawrie gave us a comprehensive analysis of the pros and cons of both strategies. He also brought our awareness to maximising our pension capabilities and offsetting our UK mortgage while we are waiting for the rest of the funds from the USA to become available. Everything he explained was in simple language and very clear. The consultation has given us a huge amount of pure value without trying to sell us any products. We are very grateful, thank you so much. --- - Published: 2024-12-10 - Modified: 2024-12-10 - URL: https://edale.co/testimonial/very-helpful-personalised-advice-based-on-my-specific-situation-highly-recommended/ - Testimonial Categories: Americans in the UK, Investments so helpful & provided quick, personalised advice very smoothly through WhatsApp. very highly recommended! --- - Published: 2024-11-14 - Modified: 2024-11-14 - URL: https://edale.co/testimonial/griffin/ - Testimonial Categories: Americans in the UK The free chat was very useful to pinpoint exact needs. In my case I was pointed to a non affiliated accountant who could best serve my specialist needs. No hard sell for their other services. Would recommend. --- - Published: 2024-11-13 - Modified: 2024-11-13 - URL: https://edale.co/testimonial/great-company-provided-exactly-what-i-needed/ - Testimonial Categories: Americans in the UK Very happy that I stumbled on to Edale. They provided exactly what I was looking for, which was a relief given I had struggled to find any expertise in UK/US tax from various searching and somewhat inconsistent information by googling. As a UK citizen/resident I was needing help to understand the tax situation regarding 401Ks and IRAs that I had left in the US from time working there, and how the tax treaty would apply. Lawrie spent the time needed as one-off advice, explaining the situation and provided a letter to me, for use with the HMRC if ever required. The process was painless, cost effective, extremely quick and on point. Thanks Lawrie and the Edale team --- - Published: 2024-11-10 - Modified: 2024-11-10 - URL: https://edale.co/testimonial/most-helpful-when-trying-to-navigate-accidental-american-kids-compliance/ - Testimonial Categories: Americans in the UK Thanks to Laurie Chandler for offering advice and his patience in steering me in the right direction. --- - Published: 2024-10-30 - Modified: 2024-10-30 - URL: https://edale.co/testimonial/edale-consultings-knowledge-expertise-and-professionalism-make-them-an-outstanding-partner-for-any-organisation-looking-to-explore-future-skills-and-workforce-development-for-sustainability/ - Testimonial Categories: Accelerate Edale Consulting provided a fantastic and professional service in producing the Net Zero Future Skills report for Coventry University. The brief—researching future workforce skills needed on the journey to net zero—was well within their field of expertise, and they delivered high-quality results within a tight timeframe. Lawrie and Simon’s dedication was evident not only in the depth and precision of their research but also in their commitment to presenting the final findings in person at our campus in Coventry. This personal touch was greatly appreciated by all involved. Thank you --- - Published: 2024-10-30 - Modified: 2024-10-30 - URL: https://edale.co/testimonial/prompt-and-helpful/ - Testimonial Categories: Americans in the UK, Investments EDALE was very prompt in contacting me and quickly arranged a first appointment. I was on a short deadline and they helped me achieve my objective in time. Lawrie was very helpful and conscientious and delivered exactly what he promised. --- - Published: 2024-10-14 - Modified: 2024-10-14 - URL: https://edale.co/testimonial/it-was-a-pleasure-working-with-lawrie-and-adrian-during-their-evaluation-of-our-cross-border-project-they-were-highly-professional-and-sensitive-to-the-subject-matter-as-well-as-curious-to-find-out/ - Testimonial Categories: Accelerate, evaluations Edale proved themselves to be extremely professional in their evaluation of our cross-border project. They collected significant amounts of data, including from interviews with project participants, enabling them to reach a balanced and detailed assessment of the extent to which our project had attained its objectives, and whether its impacts could be sustained. There was constant contact with us, and Lawrie and Adrian met all the evaluation milestones we had set out. It was an absolute pleasure working with them! --- - Published: 2024-10-08 - Modified: 2024-10-08 - URL: https://edale.co/testimonial/bringing-clarity-to-uk-us-retirement-questions/ - Testimonial Categories: Americans in the UK, Expat Financial Advice, Investments I had an incredibly positive experience working with Edale to navigate the complex world of UK/US cross-border financial planning, especially as it relates to investing for retirement. As a dual UK/US citizen married to a fellow dual citizen, and having lived in the UK since 2010, I was overwhelmed with how to most tax-efficiently invest for retirement given our mix of accounts in both the US (IRAs and Roth IRAs) and the UK (SIPP, employer pension, and USS). Thankfully, Edale provided clarity and guidance on every front. --- - Published: 2024-10-03 - Modified: 2024-10-03 - URL: https://edale.co/testimonial/excellent-service-highly-recommend/ - Testimonial Categories: Americans in the UK, Investments Lawrie was absolutely fantastic with helping me manage my SAYE transfer with very little hassle or worry. There are a lot of companies out there who only focus on high net worth individuals or charge an arm and a leg to help regular people, but Edale is not one of them. This company is committed to helping regular folk build wealth at a reasonable price and I’m thankful for that. --- - Published: 2024-10-02 - Modified: 2024-10-02 - URL: https://edale.co/testimonial/quick-and-effective/ - Testimonial Categories: Americans in the UK, Investments I highly recommend Lawrie at Edale for quick and effective investment support. When I wanted to set up a Junior ISA for my daughter, who holds dual US and UK citizenship, Lawrie provided clear guidance on the available options. He handled the entire process with impressive efficiency, setting up the account in no time. His expertise made the experience seamless and stress-free. --- - Published: 2024-08-28 - Modified: 2024-08-28 - URL: https://edale.co/testimonial/very-knowledgeable-great-experience-with-edale/ - Testimonial Categories: Americans in the UK, Investments I had a chat with Lawrie today. Very lovely to chat to and clearly knows his stuff. He gave me some good advice and I really appreciated it. Would definitely recommend him and Edale in the future. --- - Published: 2024-08-20 - Modified: 2024-08-20 - URL: https://edale.co/testimonial/amazingly-helpful/ - Testimonial Categories: Americans in the UK, Investments Lawrie was so helpful and patient, going through form with me to make sure I understood what I needed to fill in for a complicated matter. --- - Published: 2024-07-14 - Modified: 2024-07-14 - URL: https://edale.co/testimonial/100-recommend-edale/ - Testimonial Categories: Americans in the UK, Investments Lawrie and Edale have been incredibly thorough and supportive throughout the journey - from the moment I’ve consulted about my unique circumstances with regards to investment options (being a dual US citizen living in the UK) to onboarding me as a client to invest through them. I am so happy and relieved hat I’ve finally found a solution to a problem I’ve had for years, and so grateful for Lawrie being so thorough with the whole process - all the information was made easy to digest and understand, and I could (and still can) reach out to Lawrie whenever I had/have questions, and he was readily available and prompt with his responses. I love that Edale accommodates to clients of various sizes, and that I can invest at the pace and amount I feel comfortable in. Thank you so much! --- - Published: 2024-07-11 - Modified: 2024-07-11 - URL: https://edale.co/testimonial/everything-i-needed/ - Testimonial Categories: Americans in the UK, Investments I found Edale online as I had discovered how difficult it was to find a financial advisor able to advise me because of my USA citizenship. Lawrie was just the ticket - a straight talking, forward thinking Financial Advisor with a depth of understanding around the tax implications of various investment vehicles as it related to expat Americans. His solutions were inventive and right away I made a huge financial win that would have otherwise passed me by! I highly recommend! --- - Published: 2024-06-27 - Modified: 2024-06-27 - URL: https://edale.co/testimonial/edale-provided-exceptional-support-in-evaluating-our-digital-pathfinders-programme-which-served-businesses-across-the-north-of-tyne-region/ - Testimonial Categories: Accelerate, evaluations Edale provided exceptional support in evaluating our Digital Pathfinders programme, which served businesses across the North of Tyne region. Lawrie and Simon demonstrated utmost professionalism, guiding us expertly through the entire evaluation process. Their deep understanding of our organisation, the programme's services, and our client base was particularly impressive. Simon's responsiveness in making necessary amendments to the final report was commendable. The team's efficiency and attention to detail ensured that the evaluation accurately reflected our work and impact. Working with Edale has been a smooth and productive experience. Their expertise in external evaluation has provided us with valuable insights into our funded programme's effectiveness. I highly recommend Edale for organisations seeking thorough and professional evaluation services. --- - Published: 2024-02-28 - Modified: 2024-02-28 - URL: https://edale.co/testimonial/most-helpful-knowledge-and-guidance-offered-through-generosity-and-sincerity-deeply-appreciated-blue-ribbon-customer-service/ - Testimonial Categories: Americans in the UK, Investments I'm currently going through a divorce and was in desperate need of financial help and guidance. I'm a US American living in the UK. I was searching for someone who knows, and could give financial advice for both sides of the pond; so to speak. I also was wanting a small and personal, yet local group in Surrey. Laurie offered his time, pro bono, to help walk me through and do all the necessary math to get the information I was needing. He did this knowing I had no money to invest (or even give advice on) at that time. This is customer service at its very best. I think I almost cried when he said he could help me with that free of charge! --- - Published: 2024-01-24 - Modified: 2024-03-19 - URL: https://edale.co/testimonial/i-had-a-long-conversation-with-lawrie-chandler-to-explore-the-financial-implications-of-moving-my-tax-residency-from-the-us-to-the-uk-i-found-his-knowledge-of-the-pros-and-cons-very-helpful/ - Testimonial Categories: Americans in the UK, Investments Some specialists in international relocation and tax affairs who will give only a short interview and are sparing in their advice until you sign up and pay their fees. From my experience, Edale let's you explore the many what-ifs in a friendly exchange of views and options. My instinct tells me that the company focuses on long-term relationships built on trust and mutually beneficial results. --- - Published: 2023-12-18 - Modified: 2024-03-14 - URL: https://edale.co/testimonial/professional-knowledgeable-and-flexible/ - Testimonial Categories: Accelerate, evaluations Working with the Edale team has been brilliant - they are always willing to share knowledge and have a can-do attitude. They take a flexible approach to their work which is always appreciated, and the work produced has been impressive. They are organised, on time, and have been a pleasure to work with. --- - Published: 2023-07-19 - Modified: 2024-08-05 - URL: https://edale.co/testimonial/a-top-professional-financial-advisory-service/ - Testimonial Categories: Expat Financial Advice, Investments Edale have and are continuing to provide Financial advice and services to me in my early retirement years, I was recommended to use Edale and Lawrie, to this day I am truly thankful that this took place. The very high professional and friendly service provided with immediate contact and liaise capability, provides the investor with assurances and confidence, this I always receive with Edale. My Portfolio and Market information is completley assured and the regular reviews allow for any changes to be instigated. Edale is ... truly professional, meticulous and supportive to their word, very much appreciated indeed. --- - Published: 2023-06-27 - Modified: 2023-06-27 - URL: https://edale.co/testimonial/approachable-knowledgeable-and-gave-much-valued-support/ - Testimonial Categories: Accelerate It was a pleasure to work with Lawrie and his team as part of the Digital City Investor Readiness programme. Lawrie was approachable, knowledgeable and gave much valued support. I feel the teams input was beneficial and supported Core’s progression and growth and would I highly recommend Edale’s services. --- - Published: 2023-06-21 - Modified: 2024-03-14 - URL: https://edale.co/testimonial/i-have-found-edale-very-easy-to-work-with-and-quick-to-respond-to-requests-they-were-very-accomodating-in-accelerating-some-of-the-timelines-on-the-work-needed/ - Testimonial Categories: Accelerate, evaluations I have found Edale very easy to work with and quick to respond to requests. They were very accommodating in accelerating some of the timelines on the work needed . --- - Published: 2023-02-23 - Modified: 2023-02-23 - URL: https://edale.co/testimonial/i-have-found-this-programme-to-be-very-helpful-and-productive/ - Testimonial Categories: Accelerate I have been working with Lawrie he has been very helpful in helping me grow and develop the business. What I like most about his approach is he is very practical for example I say I have a problem with administration he will signpost me to a specific solution, compared to previous events I have attend in other programs else where the programs centred on a theocratical approach by the end of these programs I had a "things to do list" no real change I believe any business is about doing , action and Aim for gold has that approach. The solutions provide are timely and prompt. --- - Published: 2023-01-25 - Modified: 2024-03-14 - URL: https://edale.co/testimonial/professional-competent-service-provided-end-evaluation-was-comprehensive-thorough-and-met-the-brief/ - Testimonial Categories: Accelerate, evaluations From first contact Edale provided a professional service, with minimal disruption to my working day. The evaluation was delivered with in clear timelines and the end result was exactly what we asked for. --- - Published: 2021-10-14 - Modified: 2021-10-14 - URL: https://edale.co/testimonial/one-of-the-best-funding-presentations-ive-attended/ - Testimonial Categories: Accelerate It was probably one of the best funding presentations I've attended - focused, niched, lots of practical implementation advice - people just don't know what they miss sometimes when they don't attend. --- - Published: 2021-05-28 - Modified: 2024-08-05 - URL: https://edale.co/testimonial/dual-us-uk-nationality-family/ - Testimonial Categories: Americans in the UK, Expat Financial Advice, Investments Lawrie invested a great deal of time understanding our circumstances (dual US/UK nationality family) before any recommendations were discussed I am very happy with the outcome and intend to continue the relationship in the longer term. --- - Published: 2021-05-17 - Modified: 2024-08-05 - URL: https://edale.co/testimonial/very-efficient-and-informative/ - Testimonial Categories: Expat Financial Advice, Investments Very efficient and informative. Lawrie was a consumate professional and helped with my individual needs. Would definitely recommend! --- - Published: 2021-04-14 - Modified: 2021-04-14 - URL: https://edale.co/testimonial/edale-ran-our-series-of-co-creation-workshops-they-drove-the-project-expertly-building-trust-with-attendees-and-exceeding-the-objectives-we-initially-set-ourselves/ - Testimonial Categories: Accelerate We chose Edale to facilitate and guide our series of co-creation workshops. The workshops brought not only businesses, but nature organisations and local authorities together. As a local authority, we wanted to be part of the workshop attendees, and build trust with a bottom up approach. Edale were attentive, listened and adapted to the audience. This built trust, and enable a safe space for attendees to discuss ideas and develop their business models. Not only did this help exceed our initial objectives, it also created an opportunity for professional development internally, as we learnt from Edale's techniques and through the workshops, became more business proficient ourselves. Special mention should go to Edale's ability to adapt and work flexibly around COVID 19 disruption to our face to face events. We were able to adapt our agreed workplan and move online exclusively. We would recommend working with Edale! --- - Published: 2021-04-06 - Modified: 2021-04-06 - URL: https://edale.co/testimonial/great-meetings-hosted-by-adrian-the-peer-group-was-well-balanced-and-provided-plenty-of-feedback-and-food-for-thought/ - Testimonial Categories: Accelerate The peer review worked very well for me, with some real nuggets of quick wins that could be made to my business. The group were also able to give a little lift to each week and give me the mental push to get on with things ready for imminent re-opening. The outcomes of this for me personally were 1) to have an organised plan and way forward 2) the contacts I have made as part of the group and will ensure visiting in the future, once we are all able to. --- - Published: 2021-04-06 - Modified: 2021-04-06 - URL: https://edale.co/testimonial/great-getting-together-with-like-minded-people-on-the-programme/ - Testimonial Categories: Accelerate It has been great getting together with like minded people on the programme and this has generated lots of ideas to improve my business. Highly recommended --- - Published: 2021-04-06 - Modified: 2024-03-14 - URL: https://edale.co/testimonial/it-was-great/ - Testimonial Categories: Accelerate It was great working with Edale over the last couple of months, it helped me focus on the many different aspects of my business. --- - Published: 2021-03-26 - Modified: 2021-03-26 - URL: https://edale.co/testimonial/a-very-professional-approach/ - Testimonial Categories: Accelerate All information on our meetings were well prepared - a lot of thought has gone into them. A lot of information was covered in each session, which will be of immense help in the future. --- - Published: 2021-03-22 - Modified: 2021-03-22 - URL: https://edale.co/testimonial/edale-have-transformed-my-business-idea-into-a-model-that-can-be-made-a-reality-they-are-amazing-at-what-they-do/ - Testimonial Categories: Accelerate I went to Lawrie with an idea for a business, which some would say was unrealistic, but Lawrie helped me with a business plan/model to give my idea some perspective and then we went through a financial plan together, crunching all the numbers to see how the business would make a profit. Before my sessions with Lawrie, I had all the ideas floating around in my head but didn't have the knowhow to start turning it into a reality which is what Lawrie has helped me do. I now have a strong business and financial plan to work with and can start to get things moving. Lawrie really has helped me take my business to the next level and I can't thank him enough, his vast range of knowledge is just amazing and I can't see any business he wouldn't be able to help. As well as that he is a really nice guy, I could tell he genuinely cared about me and my business and but all his efforts into helping me succeed. I would recommend Lawrie and Edale to anyone without a doubt! --- - Published: 2020-10-07 - Modified: 2024-08-05 - URL: https://edale.co/testimonial/very-professional-easy-to-work-with-could-not-ask-for-a-better-partnership-when-investing-hard-earned-money/ - Testimonial Categories: Expat Financial Advice, Investments Lawrie my financial advisor is very professional and meticulous in every aspect of finance, nothing is too much trouble for him or Edale. Lawrie explained everything item step by step during the transfer of my investment. I will in the near future transfer my other investment with Lawrie and Edale. First class service many thanks. --- - Published: 2020-09-15 - Modified: 2020-09-15 - URL: https://edale.co/testimonial/the-best-hour-of-support-ever/ - Testimonial Categories: Accelerate I was fortunate enough to be supported by Lawrie with associate contracting and resources. It was without a doubt, the best hour’s support I’ve had! Lawrie was knowledgeable, clear and efficient, both in the design and delivery of my associate framework. I can now move forward with confidence and look forward to working with Edale again! --- - Published: 2020-07-29 - Modified: 2020-07-29 - URL: https://edale.co/testimonial/lots-of-great-material-and-advice/ - Testimonial Categories: Accelerate Lawrie was excellent at steering us in the right direction, he listened carefully and really got under the skin of our bsuiness model to ensure he gave sound, constructive advice. --- - Published: 2020-07-28 - Modified: 2024-08-05 - URL: https://edale.co/testimonial/very-good-and-most-helpful/ - Testimonial Categories: Expat Financial Advice, Investments Excellent help --- - Published: 2020-07-20 - Modified: 2020-07-20 - URL: https://edale.co/testimonial/edale-helped-us-develop-a-project-during-the-covid-19-lockdown-and-were-really-helpful-in-coming-up-with-solutions-very-pleased-with-end-result/ - Testimonial Categories: Accelerate Edale helped us develop a project during the Covid-19 lockdown and were really helpful in coming up with solutions. Very pleased with end result --- - Published: 2020-05-07 - Modified: 2024-08-05 - URL: https://edale.co/testimonial/expert-advice/ - Testimonial Categories: Expat Financial Advice, Investments I’m teaching overseas and Lawrie gave me great advice on insurances and investments, thank you for all your help. --- - Published: 2020-04-20 - Modified: 2020-04-20 - URL: https://edale.co/testimonial/a-highly-professional-and-responsive-service-delivered-under-extremely-tight-timescales/ - Testimonial Categories: Accelerate We commissioned Edale to undertake some financial due diligence for a prospective investment that the LEP was considering. The service that Lawrie and the team provided was first rate and very thorough, especially given the extremely tight timescales we were working to. Lawrie communicated with us all the way and offered really useful advice that enabled us to get the best result. I would recommend Edale to other public bodies looking to appoint consultants to undertake financial due diligence work. --- - Published: 2020-02-17 - Modified: 2020-02-17 - URL: https://edale.co/testimonial/experienced-business-professionals/ - Testimonial Categories: Accelerate Lawrie and Adrian have a wide range of experience between them and as a result have been a helpful addition to our delivery team, especially with the explanation and application of the Business Model Canvas. They have been willing to be flexible and responsive to our requirements which has been essential for our type of project. --- - Published: 2020-02-14 - Modified: 2020-02-14 - URL: https://edale.co/testimonial/certainly-not-copy-and-pasted-advice/ - Testimonial Categories: Accelerate Lawrie is one of those guys with experience and business creativity that means every conversation you leave with a wealth of ideas. He was approached to help me refine and add more coherence to my marketing strategy, but quickly recognising that for my circumstances that doesn't mean "step 1, Google adverts, step 2, Facebook adverts", we were able to cut deeper into what I am trying to do and what approach will achieve that. --- - Published: 2020-01-20 - Modified: 2020-01-20 - URL: https://edale.co/testimonial/clear-and-concise-intro-to-funding-options-for-clean-growth-business/ - Testimonial Categories: Accelerate The feedback from the innovators attending this workshop was very positive. The information was delivered in a clear way with plenty of opportunities for questions and clarification. --- - Published: 2020-01-20 - Modified: 2020-01-20 - URL: https://edale.co/testimonial/very-knowledgeable-and-always-a-pleasure-to-work-with/ - Testimonial Categories: Accelerate Lawrie's contribution to our 'Real World of Business Funding' workshops has been outstanding. We responds to attendees' needs in real time and makes sure that everyone has their questions answered. We will definitely be working with Edale again in future. --- - Published: 2019-09-12 - Modified: 2024-08-05 - URL: https://edale.co/testimonial/excellent-great-advisor/ - Testimonial Categories: Expat Financial Advice, Investments Lawrie is a great advisor, he has shown us clearly and simply how financial instruments work and what options we have. He has dedicated all the necessary time and has been proactive. --- - Published: 2019-09-11 - Modified: 2024-08-05 - URL: https://edale.co/testimonial/diligent-and-responsive/ - Testimonial Categories: Expat Financial Advice, Investments I was visited by Lawrie Chandler in São Paulo, and shortly after I asked for his assistance with regards to a divestment. He guided me through the process and assisted even after I realized that there was some problems with my request. His diligent and responsive handling helped me sort out the situation and made me feel comfortable along the process. --- - Published: 2019-09-11 - Modified: 2024-08-05 - URL: https://edale.co/testimonial/my-complications-ended-when-i-came-across-edale/ - Testimonial Categories: Expat Financial Advice, Investments I worked in Australia for 2 years under the 456 visa. After I left Australia in 2012. I was looking for a way to recover the funds that my former employer debited from my salary to place it in the Australia Superannuation. For almost 5 years I was looking for advice to recover my funds that were in the sunsuper Australian Superannuation. Many times I got myself with many buracratic obstacles, especially trying to recover the funds from abroad. The process to recover the funds through the web page of the Australian tax office and the sunsuper website is very cumbersome and discouraging. My complications ended when I came across with Edale. Under the advice of Edale I was able to recover the funds and deposit them in the bank account of my preference. Edale completed the due diligence in an effective and fast way, helping me to receive the funds in a short time. --- - Published: 2019-09-11 - Modified: 2020-01-19 - URL: https://edale.co/testimonial/first-class-service/ - Testimonial Categories: Investments Have only been with Edale for a short while but so far they have been very attentive and demonstrated a clear understanding of my financial planning requirements. Very impressed. --- - Published: 2019-09-11 - Modified: 2024-08-05 - URL: https://edale.co/testimonial/thank-you/ - Testimonial Categories: Expat Financial Advice, Investments Thank you very much Lawrie for your effective diligence! --- - Published: 2019-09-11 - Modified: 2020-01-19 - URL: https://edale.co/testimonial/well-worth-knowing/ - Testimonial Categories: Investments I have known Lawrie for two years and have found him to be confident, honest, diligent and knowledgeable and a pleasure to work with. --- - Published: 2019-09-11 - Modified: 2020-01-19 - URL: https://edale.co/testimonial/a-meaningful-work-experience/ - Testimonial Categories: Accelerate My experience at Edale was my first work experience abroad, which allowed me to build a solid set of essential skills for my career in finance on a learning-by-doing basis with two different businesses within a dynamic environment. With the help of Lawrie, who was and still is an energetic and motivational manager and mentor with whom I truly enjoyed working on different projects involving the creation from scratch, the development and management of a startup, I was able to grow efficiently on a professional level but also on a personal level. --- - Published: 2019-09-11 - Modified: 2020-01-19 - URL: https://edale.co/testimonial/great-holistic-experience/ - Testimonial Categories: Accelerate A great tutor and environment for a great formative experience. A basket of challenges, different skills and innovation. --- ---