Even if you move overseas, you may still owe UK tax on UK‑source income (for example, rental income, UK pensions or employment income arising in the UK). If you remain UK tax resident under the SRT, you’re liable on worldwide income.

Rachel Reeves has dropped plans to increase income tax at the Budget. Sir Keir Starmer and the Chancellor have about-turned on the manifesto-breaking proposals to increase the tax after weeks of mounting speculation.

With the Autumn Budget set for November 26, speculation is mounting that the government will break its election pledge not to raise income tax, National Insurance or VAT, and that the financial burden could extend beyond the wealthy. Reeves faces what economists are calling one of the toughest fiscal tests in recent memory.

There are reports the Chancellor will extend the freeze on income tax thresholds for two years until 2030, in a move that could raise some £8 billion a year for the Treasury. She could also introduce a new levy on some of the most valuable homes, which would mainly affect properties in London and the South East, according to The Telegraph.