Скачать с ютуб British expat couple retiring in the UAE - what you need to know в хорошем качестве

British expat couple retiring in the UAE - what you need to know

Meet Charles Smith, a 60-year-old retired oil industry executive who has worked in the GCC for the last 25 years. In this video, we'll get to know more about his life, including his marriage to Sarah and their three adult children who live in the UK. We'll also discover his assets: three rental properties worth £900,000 and a pension plan worth £750,000 in Guernsey. Charles will also share with us his offshore investment bond wrapper worth £1M in the Isle of Man. Despite loving to visit the UK during summer, Charles has no plans to return to live there. Join us as we explore the life of this successful retiree and learn a thing or two about finance and retirement planning along the way. Don't forget to hit that subscribe button for more interesting content like this! This discussion features Marie O’Neill, Managing Director of EER and Matt Duncan, Partner and Head of Private Wealth at Druces. The scenario used for the discussion: Charles Smith (60) is a recently retired Oil Industry executive. He worked across the GCC for the last 25 years. He is married to Sarah (55) and they have 3 adult children (30, 27, 24) all of whom live in the UK. Charles was born in the UK where he met and married Sarah. He has 3 rental properties in Devon worth £900,000 in total. He also has £750,000 in an overseas pension plan in Guernsey and £1M saved via an offshore investment bond wrapper in the Isle of Man. During his working life, he worked in Saudi Arabia & Qatar, but wants to retire in Dubai. Charles & Sarah love visiting the UK for the summer months but have no intention to return to live in the UK The Questions: Do you see many British expats in the region looking at retirement options in the UAE? What are their visa options? How long does the visa application take? What kind of property might they buy in Dubai? What are the leisure options like for those retiring in the UAE? What about moving house from Qatar to UAE, how can you help? How should UK expats think about UK inheritance tax when living abroad? Can you explain the concept of domicile of origin? Is the length of time out of the UK relevant for inheritance tax? How would you demonstrate a new permanent domicile of choice in another location? Do they need to update their wills? What about covering the UAE & UK assets in the will documents? Why is it important to manage days spent in the UK? What about overseas pensions and life policies? What are the next steps? #Dubai #UAE #Mobility #Relocation