High-net worth individuals: Difference between revisions
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(Created page with "A person is a high-net worth individual if they satisfy at least ''one'' of the following: * they have income of over £200,000 per year or more; and/or * their assets are equal to or above £2 million This is in line with Isle of Man and UK tax guidance at time of writing.") |
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A person is a high-net worth individual if they | A person is a high-net worth individual if they have: | ||
* | * an annual income of £100,000 or more, NOT including one-off pension withdrawals; and/or | ||
This is in line with | * net assets of £250,000 or more, NOT including their home (primary residence), their pension (or any pension withdrawals), or any rights under qualifying contracts of insurance. | ||
This is in line with guidance at time of writing. | |||
Latest revision as of 13:43, 14 August 2024
A person is a high-net worth individual if they have:
- an annual income of £100,000 or more, NOT including one-off pension withdrawals; and/or
- net assets of £250,000 or more, NOT including their home (primary residence), their pension (or any pension withdrawals), or any rights under qualifying contracts of insurance.
This is in line with guidance at time of writing.