The American polymath Benjamin Franklin memorably said there is ‘nothing certain but death and taxes’ – but there are a few places in the world where you can avoid paying income tax.The super-rich have long cashed in on this, but with many taxes increasing in the UK more people are being tempted by the lure of lower-tax jurisdictions for long-term wealth preservation.Recent fiscal grenades in the UK include the end of non-dom regime and inheritance tax breaks on assets held in overseas trusts, plus a freeze on income tax thresholds that has pushed more people into higher tax brackets until at least 2028. Meanwhile, the plan to include pensions as part of inheritance tax from April 2027 is currently in the proposal phase.
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