A Changing Landscape: What Santander’s UK Exit Means for You
Reports suggest that banking giant Santander is considering a strategic exit from the UK market after two decades of operations. While no final decision has been made, such a move could have far-reaching implications for mortgage holders, investors, and the broader financial sector. For those with existing mortgages or investments in the UK, uncertainty in […]
Where to Buy Property Overseas in 2025: Expats Look Beyond Spain
Spain has long been a favourite destination for British and non-EU buyers seeking the dream Mediterranean lifestyle. However, recent political discussions around increasing property taxes for non-EU buyers have caused concerns among international investors. While it remains to be seen whether these proposals will become law, they highlight a growing trend: governments introducing stricter regulations […]
Why Millionaires Are Fleeing the UK Under Labour
As the UK grapples with new economic policies under the Labour government, an alarming trend is unfolding—an exodus of millionaires seeking friendlier financial climates abroad. Since the general election was called, one dollar millionaire has left Britain every 45 minutes. With sweeping tax reforms, particularly the abolition of the non-domiciled (“non-dom”) tax status, high-net-worth individuals […]
Rachel Reeves: Non-Dom Abolition to Retain Wealth in the UK
Chancellor Rachel Reeves has announced adjustments to the planned abolishment of non-dom status, reflecting a more measured approach to address concerns from international clients and expatriates. Speaking at the World Economic Forum in Davos, Reeves outlined amendments to legislation aimed at easing the transition for non-doms by enhancing the Temporary Repatriation Facility. This adjustment will […]
Retirees Fleeing the UK’s Bad Weather, Wrecked NHS and ‘Woke’ Brits
As many British retirees contemplate their later years, a growing number are deciding that life in the UK no longer holds the appeal it once did. Frustrated by unpredictable weather, long NHS waiting lists, and a cultural shift they feel doesn’t reflect their values, these pensioners are heading abroad in search of sunnier skies, quality […]
The Trump Effect: Affluent Americans Eye UK Property Boom
With Donald Trump’s return to the White House on the horizon, many affluent Americans, particularly those with liberal views, are considering a significant lifestyle shift—crossing the Atlantic to make the UK their new home. Estate agents across prime areas in London and the Cotswolds are reporting a notable increase in enquiries from American buyers seeking […]
Inheritance Tax Changes: Is It Time to Rethink Your Pension?
The UK government recently announced that from April 2027, inherited pension pots will face new inheritance tax (IHT) regulations, marking a significant shift in estate planning strategies for pension holders. For many high-net-worth individuals (HNWIs), this change could impact their retirement and legacy plans. Here, we break down the key changes and explore strategies to […]
Investment International Awards: Company of the Year
We are excited to announce that Blacktower Financial Management has been awarded the prestigious title of Company of the Year (Advisers) at the 2024 Investment International Awards. Receiving the Judges Award is a tremendous honour, recognising our ongoing commitment to delivering outstanding financial planning and wealth management services to clients across the globe. For almost […]