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UK Records 16,500-Millionaire Outflow as Headway Wealth Cites Planning Demand
Headway Wealth says the departures are driving demand for independent cross-border advice on pensions, tax and inheritance issues.
- A record 16,500 millionaires left the UK in 2025, marking the largest net outflow of wealth of any country in history, according to Henley & Partners Private Wealth Migration Report.
- Driven by the April 2025 abolition of non-dom tax status and sweeping inheritance tax reforms, the tax burden reached its highest level since the 1940s, accelerating departures of high-net-worth individuals.
- With 165,000 millionaires projected to relocate globally in 2026, popular destinations including Milan, Geneva, Singapore, Miami, and Sydney are absorbing much of this mobile wealth.
- Headway Wealth, an independent FCA-regulated firm, provides holistic cross-border financial planning, coordinating specialist solicitors and accountants to help clients manage assets across multiple jurisdictions.
- Elliott Parkhouse, Director of Headway Wealth, states clients need "one team that holds the whole picture," while Hamzah Shalchi, Director, notes complexity often increases when managing assets across borders.
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Leaning Left9Leaning Right9Center42Last UpdatedBias Distribution70% Center
Bias Distribution
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70% Center
15%
C 70%
15%
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