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Soar Magazine
August 13, 2025

Episode 8 Bringing Your Wealth Home Without Costly Mistakes

Whether it’s driven by family needs, career changes, or a lifestyle shift, returning to the UK can have major financial consequences if you’re not prepared.

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Repatriation is a chapter many expats don’t see coming when moving to the UAE, but whether it’s driven by family needs, career changes, or a lifestyle shift, returning to the UK can have major financial consequences if you’re not prepared.

In this final episode of the Suitcase to Settlement series, Beth Ward is joined by Mike Coady, CEO of Skybound Wealth Management, to explore how to bring your wealth back to the UK the smart way, avoiding tax traps, penalties, and poor timing that could cost you dearly.

In This Episode, You’ll Learn:

  • What repatriation really means and why it’s more than just booking a flight home
  • The most common reasons expats return earlier than planned
  • Hidden costs of moving back unprepared such as contract penalties, poor FX rates, and split-year tax complications
  • Investment mistakes to avoid including poor timing on property sales, FX transfers, and asset disposals
  • Banking and property considerations when deciding whether to sell, keep, or rent out overseas assets
  • Key tax implications covering income tax, capital gains, inheritance tax, and the five- and ten-year rules
  • Why wills, insurance, and legal documents must be reviewed before and after the move
  • What proper repatriation planning looks like

Mike’s Final Takeaway

“Don’t assume moving back to the UK will be financially straightforward. Understand the complexities, do the calculations, and work with someone who can support you both where you are now and once you’ve returned. The outcome will always be better with preparation.”

Ready to Plan Your Return?

Whether your move is months away or unexpectedly around the corner, Skybound Wealth can help you structure the transition, protect your wealth, and avoid costly mistakes.

Book your free consultation today and bring your wealth home the smart way.

Book A Consultation With Skybound Wealth Now

Get In Touch Today

Disclosure

Written By

Mike Coady

DipPFS EFA FIoD FF.ISP
Wealth Strategist & Financial Adviser

With extensive experience spanning wealth management, financial strategy, and cross-border planning, Mike Coady is dedicated to helping clients achieve financial independence and security.

Mike’s approach centres on delivering tailored wealth management solutions that reflect each client’s unique goals and circumstances. From investment analysis to portfolio optimisation, his comprehensive strategies aim to grow and protect wealth over time, ensuring clients are well-positioned to reach their financial objectives.

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