St. James’s Place Middle East presents the essential UK expat guide for moving to the UAE

The UAE continues to attract a growing number of British expats, drawn by tax-free income, sunshine, and exciting career opportunities. Before you pack your bags, however, it's crucial to get your finances in order. St. James’s Place Middle East shares its essential checklist for moving to the UAE:

1. Inform HMRC of your move 

o    Submit Form P85 to HMRC to officially notify them that you are leaving the UK. This can help you claim any tax refund due and establish non-residency for tax purposes.  Clients who self-file assessments can complete a SA 109 form.

2. Understand the Statutory Residence Test 

o    This determines your UK tax residency status. You must maintain accurate records of your travel dates and ties to the UK to avoid unexpected tax liabilities. 

3. Evaluate UK pension plans 

o    Understand the implications of leaving your pensions in the UK. You may benefit from consolidating them or transferring them into an international SIPP (seek regulated advice). 

4. Evaluate UK pension plans 

o    Understand the implications of leaving your pensions in the UK. You may benefit from consolidating them or transferring them into an international SIPP (seek regulated advice). 

o    British expats may continue to remain subject to UK Inheritance Tax on their global assets depending on how long they have been outside of the UK. Explore estate planning tools, trusts, or residence strategies to mitigate exposure. 

5. Preserve your state pension

o    If eligible, consider making voluntary National Insurance Contributions to preserve your State Pension. 

6. Plan your property strategy 

o    Will you rent out or sell your UK property? Each choice has tax and mortgage implications. Review options such as the Non-Resident Landlords Scheme.

7. Get international health insurance 

o    NHS coverage ends when you leave the UK. While it is mandatory for employers to provide health insurance in the UAE, they may not cover your spouse or family.

1. Secure regulated financial advice

· Avoid unregulated advisers. Only use firms licensed by the Dubai Financial Services Authority who are transparent about fees and offer long-term planning.

2. Build a UAE-based emergency fund 

· Open a local bank account and save at least 3–6 months of expenses. Life in the UAE is fast-paced and costly - it's best to be financially prepared for unforeseen expenses. 

· Prioritise comprehensive protection - this can include life insurance, critical illness cover, income protection, and health insurance top-ups. These are the foundation of sound financial planning, especially when living abroad.

 3. Invest tax-efficiently for the long term 

· With no income or capital gains tax in the UAE, it’s an ideal time to build wealth. Consider: 

o    Offshore investment platforms 

o    Global managed portfolios 

o    Regular savings plans tailored to expats, which are not contractual

· But avoid high-commission products often marketed in the region. 

 4. Review and update your will 

· UAE laws differ from the UK inheritance. Without a DIFC or ADJD Will, Sharia law may apply. Create a local Will to protect your family and assets and name temporary guardians if you have children.

5. Maintain UK financial links wisely 

· Retain your UK National Insurance contributions to preserve your State Pension. 

· Continue contributing to your UK pension if possible — or consider a portable international solution with advice. 

At St. James’s Place Middle East, we understand the complexities of relocating to another country and the importance of making informed financial decisions before and after your move. Whether it's navigating UK tax residency rules, managing pensions, protecting your family, or investing wisely in a new financial environment, our advisers are here to guide you every step of the way.

With regulated, relationship-based advice tailored to internationally mobile professionals, we help ensure that your financial plans remain robust, compliant, and aligned with your long-term goals.

To learn more about St. James’s Place’s expatriate services, visit https://www.sjp.asia/ae