Connectivity and way of life simply as essential as low taxes for richest newcomers

GOOD transport hyperlinks, stability, colleges and way of life have gotten extra essential for these in search of to benefit from “non-dom” standing and go away the UK, based on an area funding administration agency.

Figures from HMRC launched this week present that 9,000 rich residents had left the UK or modified their tax standing since 2024, with many turning to the Channel Islands.

Rathbones Investment Management International mentioned that purchasers’ “priorities are changing”.

“Clients expect a well-regulated international finance centre, but what often matters just as much is connectivity, schools, safety, lifestyle and access to high-quality professional services.”

The agency mentioned that Jersey is seeing an inflow of “entrepreneurs, business owners and investment professionals” who’re balancing their household lives with a “long-term base”, whereas additionally constructing an “internationally active” skilled life.

Non-dom standing was as soon as utilized by Brits dwelling within the colonies, so they might as UK residents on paper with out being “domiciled”, exempting them from taxes on revenue made overseas.

The UK abolished non-dom standing from 6 April 2025. It was changed by a “new regime” providing tax aid throughout new arrivals’ first 4 years within the UK.

Marc Nightingale, senior funding director at Rathbones, mentioned: “The newest non-dom statistics are a helpful second to take inventory of how worldwide wealth is transferring, however they don’t seem to be the total story. The finish of the UK’s non-dom regime has sharpened conversations about mobility, however tax is just one a part of the choice.

“Families are thinking more broadly about resilience, optionality and where they can build a secure base for themselves and the next generation. For some, that may be the Channel Islands; for others, it may be another international hub. The common theme is the need to bring tax, investment, succession, governance and lifestyle considerations together.”

“While a number of destinations have become known for welcoming the internationally mobile, Jersey actively seeks to attract entrepreneurs, business owners and investors who can make a long-term contribution to the Island.”

The Island gives particular tax charges to residents below the High Value Residency scheme. So far in 2026, 18 high-net-worth people arrived in Jersey and three left, in opposition to 29 arrivals and 11 departures in 2025.

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