Financial Advisory for Expatriates

At Westcott Dyson, we're dedicated to providing specialized advisory services for expatriates in a changing world. Our team, renowned for its expertise in financial advisory, tax avoidance, and estate planning, is committed to delivering personalized solutions.



With 30 years of experience, we're accredited by the UK's Financial Conduct Authority, ensuring our advice is expert, objective, and transparent. Our wealth management and investment advice are specifically designed for Southeast Asia, focusing on bespoke strategies and holistic financial planning to meet your unique needs.

Wealth Advisory for a Changing World

Westcott Dyson offers specialized advisory services for global expatriates, focusing on personalized, objective solutions tailored to individual needs.


Renowned for expertise in financial advisory, tax avoidance, pensions, retirement, and estate planning for expats in SE Asia, we are widely considered the industry benchmark for quality.

Our approach emphasizes client-centric strategies over generic financial solutions mean we are frequently consulted by external financial services firms for our in-depth understanding and holistic solutions.

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Experienced

Accredited by the UK's Financial Conduct Authority as an estate specialist, we bring thirty years of experience and expertise.



Objective

Our advice is expert and unbiased specifically for expatriates in areas ranging from intergenerational wealth to offshore banking, tailoring solutions to individual needs.

Transparent

We are committed to transparent operations: our clients fully understand their financial strategies and decisions. Our approach entails clear communication, detailed reporting, and open disclosure of all fees and processes.
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RETIREMENT PLANNING

At Westcott Dyson, we understand that retirement planning in Southeast Asia requires a unique approach, especially for expatriates.

By combining our deep knowledge of the local financial environment with international retirement planning principles, we help you build a secure and robust retirement plan that aligns with your lifestyle aspirations and financial goals. Whether you're years away from retirement or looking to optimize your existing plans, our personalised advice is designed to give you clarity and confidence in your future.


Key elements of our Retirement Planning service include:


  • Customized Retirement Strategies: Tailored planning to meet your specific retirement goals, lifestyle choices, and financial circumstances in Southeast Asia.
  • Pension Management and Advice: Expert guidance on managing and optimizing your pension funds, including international pension transfers and consolidation.
  • Income Sustainability Analysis: Ensuring your retirement income is sustainable, taking into account life expectancy, inflation, and changing personal circumstances.
  • Tax-Efficient Retirement Savings: Strategies to maximize your retirement savings through tax-efficient planning, both locally and in relation to your home country’s regulations.
  • Estate Planning Integration: Incorporating estate planning into your retirement strategy to ensure a seamless transfer of your wealth and legacy.
  • Ongoing Retirement Plan Reviews: Regular reviews and adjustments to your retirement plan to reflect changing market conditions, personal needs, and regulatory landscapes.
  • QROPS Consultation and Management: We guide you through the process, helping you understand the benefits, such as potential tax efficiency, currency flexibility, and estate planning advantages, while ensuring compliance with both UK and local regulations.



ESTATE PLANNING

Our Estate Planning Services for expatriates in Asia comprehensively address the unique challenges of managing wealth across borders. We understand the intricacies of international laws and tax regulations that impact expatriates and provide bespoke solutions to safeguard and optimize your estate


Our services include:

  • In-Depth Estate Analysis: A thorough evaluation of your assets to develop a strategic estate plan.
  • Tailored Will and Trust Services: Crafting and updating legal documents to reflect your wishes accurately.
  • Cross-Border Tax Planning: Expertise in managing international tax implications to maximize estate value.
  • Asset Protection: Implementing strategies to secure your estate against future uncertainties.
  • Succession Planning: Ensuring a seamless transition of your assets and businesses to the next generation.
  • Personalized Consultation: Providing individualized advice that considers your unique circumstances as an expatriate in Asia.


TAX PLANNING

Navigating the intricate world of tax planning in Southeast Asia, Westcott Dyson stands as your expert guide.


We delve into the complexities of both local and international tax systems to ensure you benefit from every available advantage. Our approach is not just about compliance; it's about optimising your tax position to enhance your financial success in this diverse and vibrant region.


Distinct features of our Tax Planning services:

  • International Tax Compliance: Ensuring adherence to both Southeast Asian and home country tax regulations, mitigating risks of non-compliance.
  • Optimisation of Tax Liabilities: Strategic planning to minimize your tax burden while maximizing financial efficiency.
  • Cross-Border Tax Solutions: Expertise in managing tax implications for expatriates living and working across different jurisdictions.
  • Wealth Structuring for Tax Efficiency: Tailoring the structure of your assets and investments to achieve optimal tax efficiency.
  • Advisory on Tax Incentives and Reliefs: Guidance on local tax incentives and reliefs that can be beneficial for expatriates.
  • Estate Tax Planning: Integrating estate planning into your overall tax strategy to ensure a tax-efficient transfer of your assets.


Wills

Haven't got a Will? We can help. Wills are crucial, yet over two-thirds of individuals in the UK pass away without one. If you die without a Will, your estate will follow the rules of intestacy, which may lead to your assets not being distributed as you would have wished.


Have an existing Will that hasn't been reviewed for some time? We can assist. Laws change, and so do your circumstances. It is essential to review your existing Will to ensure it remains fit for purpose.


The service includes:

  • Will creation assistance: Our team can guide you through the process of drafting a Will, ensuring your wishes are clearly outlined and legally binding.
  • Intestacy prevention: We will help you establish a Will to avoid the potential consequences of intestacy on your estate distribution.
  • Existing Will review: Our experts will evaluate your current Will, identifying any outdated or unfit aspects.
  • Legal and circumstantial updates: We will consider any changes in laws and personal circumstances that may impact the validity or effectiveness of your Will.
  • Ongoing support and guidance: Our team will be available to help you navigate any changes that may require adjustments to your Will, ensuring it remains suitable for your needs.


ESTATE & INHERITANCE TAX REVIEW

Comprehensive health check of your current estate planning and inheritance tax planning to ensure it is still suitable for your circumstances. If you haven't done any estate or inheritance tax planning? No worries; we can conduct a personal review of your situation and create a comprehensive plan to achieve the best outcome for you and your heirs.

Personalized review:


  • Our experts will examine your unique circumstances and tailor a plan accordingly.
  • Assessing your existing estate and inheritance tax plans: We will evaluate whether your current plans align with your needs and goals.
  • Identifying potential areas of improvement: We will pinpoint any gaps or inefficiencies in your existing plans to minimize your inheritance tax liability.


TRUST REVIEW

We can assess your existing trust planning to ensure that it remains suitable for your objectives. Like any planning that hasn't been reviewed for some time, it can become outdated and unfit for purpose. Consideration should be given to changes in the law, tax rules, alterations in the trust assets, investment performance, and any changes to the beneficiaries' circumstances. We can review your trust to guarantee it remains appropriate for your requirements.


  • Thorough trust assessment: Our experts will evaluate your current trust planning, identifying any outdated or unfit aspects.
  • Legal and tax updates: We will consider any changes in laws and tax regulations that may impact your trust planning.
  • Trust asset evaluation: We will examine changes in the trust assets to ensure they still align with your intended purpose.
  • Beneficiary circumstance review: We will consider any changes in the beneficiaries' situations, ensuring the trust continues to serve their best interests.


TRUST ADVICE

Trusts serve as a valuable instrument when crafting an estate and inheritance tax plan. Be it a discretionary, interest in possession, pilot, or discounted gift trust, we can advise you on whether a trust fits your situation and if so, which type would best suit your requirements.


  • Trust suitability evaluation: Our experts will assess your circumstances to determine if incorporating a trust into your estate plan is appropriate.
  • Trust type recommendations: We will suggest the most suitable trust type, such as discretionary, interest in possession, pilot, or discounted gift trust, based on your unique needs.
  • Personalized guidance: Our team will provide tailored advice to ensure the chosen trust aligns with your estate and inheritance tax planning objectives.
  • Trust establishment assistance: We will offer support and guidance throughout the trust creation process.
  • Ongoing trust management advice: Our experts will be available to help you navigate changes in your circumstances or legal and tax regulations that may impact your trust planning.


WILLS

Haven't got a Will? We can help. Wills are crucial, yet over two-thirds of individuals in the UK pass away without one. If you die without a Will, your estate will follow the rules of intestacy, which may lead to your assets not being distributed as you would have wished.


Have an existing Will that hasn't been reviewed for some time? We can assist. Laws change, and so do your circumstances. It is essential to review your existing Will to ensure it remains fit for purpose.


The service includes:

  • Will creation assistance: Our team can guide you through the process of drafting a Will, ensuring your wishes are clearly outlined and legally binding.
  • Intestacy prevention: We will help you establish a Will to avoid the potential consequences of intestacy on your estate distribution.
  • Existing Will review: Our experts will evaluate your current Will, identifying any outdated or unfit aspects.
  • Legal and circumstantial updates: We will consider any changes in laws and personal circumstances that may impact the validity or effectiveness of your Will.
  • Ongoing support and guidance: Our team will be available to help you navigate any changes that may require adjustments to your Will, ensuring it remains suitable for your needs.



CORPORATIONS

Similar to trusts, companies can be utilised for estate planning purposes. Holding assets within a company can facilitate passing them on to your heirs while still maintaining control over them during your lifetime. We can advise you on whether this option is suitable for your requirements.


The service includes:

  • Company suitability evaluation: Our experts will assess your circumstances to determine if using a company for estate planning is appropriate for your needs.
  • Asset control and management: We will provide guidance on how to maintain control over your assets during your lifetime while still ensuring a smooth transfer to your heirs.
  • Tailored advice: Our team will offer personalised recommendations based on your unique estate planning objectives and financial situation.
  • Company establishment assistance: We will support you throughout the process of setting up a company for your estate planning purposes.
  • Ongoing consultation and support: Our experts will be available to help you navigate any changes in your circumstances or legal and tax regulations that may impact your company-based estate planning strategy.


BUSINESS RELIEF ASSETS

Business Relief (formerly known as Business Property Relief) was first introduced in the UK Finance Act 1976. Since then, it has evolved significantly and has become a powerful and popular instrument in reducing inheritance tax (IHT). It offers numerous advantages over traditional methods of mitigating IHT.


Business Relief assets are excluded from your taxable estate after only two years, and you retain full control of your assets? If you'd like to learn more, we can assist.


The service includes:

  • Expert Business Relief guidance: Our team of professionals will help you understand the nuances of Business Relief and its potential benefits for your estate planning.
  • IHT reduction strategies: We will explore how Business Relief can be utilised to effectively reduce your inheritance tax liability.
  • Asset control preservation: We will demonstrate how you can maintain full control of your assets while still benefiting from Business Relief's IHT advantages.
  • Tailored advice: Our experts will provide personalised recommendations based on your unique circumstances and estate planning goals.
  • Ongoing support: Our team will be available to help you navigate any changes in your circumstances, legal and tax regulations, or Business Relief rules that may impact your IHT planning strategy.



Questions Expatriates Ask

Estate Advisory & Planning for UK Citizens Living Abroad

  • What specialized advisory services does Westcott Dyson offer for global expatriates?

    Westcott Dyson provides personalized estate advisory, tax avoidance, pensions, retirement, and estate planning services, tailored to the unique needs of expatriates in Southeast Asia.

  • How does Westcott Dyson's experience benefit expatriate clients?

    With 30 years of experience and accreditation by the UK's Financial Conduct Authority, we offer expert, unbiased advice in wealth management and offshore banking, ensuring objective and transparent operations.

  • How does Westcott Dyson assist with relocation financial planning?

    We provide customized transition plans, tax planning, asset and investment relocation guidance, currency risk management, and local market insights for a smooth financial transition to Southeast Asia.

  • What features are included in Westcott Dyson's retirement planning service?

    Our retirement planning includes customized strategies, pension management, income sustainability analysis, tax-efficient savings, estate planning integration, and ongoing plan reviews.

  • How does Westcott Dyson approach tax planning for expatriates?

    Our tax planning services focus on international compliance, optimization of liabilities, cross-border solutions, wealth structuring, advisory on tax incentives, and estate tax planning.

  • Can you explain Westcott Dyson's estate planning services for expatriates in Asia?

    Our estate planning includes in-depth analysis, tailored will and trust services, cross-border tax planning, asset protection, succession planning, and personalized consultations.

  • How does Westcott Dyson's offshore banking service benefit expatriates in Asia?

    We offer global financial management, tax efficiency, asset protection, and privacy and security in financial dealings

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