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Wealth manager launches investment service for US ex-pats

News Team, 18/06/2019

Wealth manager James Hambro & Partners has launched a new investment service aimed at UK American ex-pats caught between tax regimes.

US investors need to avoid what the IRS deems as Passive Foreign Investment Companies (PFICs), which can incur punitive tax rates. Most UK collective investment schemes, such as unit trusts, are classified as PFICs, which severely restricts fund choice.

Investing in US-domiciled funds is rarely an alternative option as many of these do not meet HMRC’s requirements.

The new JH&P service is geared to addressing this issue. To avoid breach of the PFIC rules, it will elimi...


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