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.")
 
(HMRC HNWI definition corrected (previously only should definition of 'affluent', which is not the same as HNWI))
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A person is a high-net worth individual if they satisfy at least ''one'' of the following:
A person is a high-net worth individual if their assets are equal to or above £20 million.


* they have income of over £200,000 per year or more; and/or
This is in line with tax guidance at time of writing.
* 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.

Revision as of 14:17, 15 January 2024

A person is a high-net worth individual if their assets are equal to or above £20 million.

This is in line with tax guidance at time of writing.