UK sees non-dom population drop by almost 37% in 'wealth exodus'

Many HNW clients relocating to Greece

Jenna Brown
clock • 2 min read

The UK’s non-dom population declined by almost 37% between 2013 and 2023, according to analysis, as the government tightened its tax treatment of high-net-worth individuals (HNWI).

Data from Astons showed there had been a decline of 36.8% in non-dom UK residents in the decade to 2023. The total number of non-doms in the UK is estimated to be 74,000, the firm said. It pointed out that the "wealth exodus" was thought to have increased in light of last year's autumn Budget which included a further crackdown on non-doms. In January, the chancellor also revealed proposal to amend plans to abolish non-dom status to allow a more generous phase-out of tax benefits. Astons said the UK's non-dom population was relocating to foreign countries "where tax regimes and fina...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Business owners' estates: When cash can be a problem

Business owners' estates: When cash can be a problem

A complex, often overlooked threat

Andrew Aldridge
clock 11 July 2025 • 4 min read
IHT/pensions shake-up threatens SME commercial property owners

IHT/pensions shake-up threatens SME commercial property owners

Evelyn Partners warns thousands of businesses are at greater risk

Jenna Brown
clock 07 July 2025 • 4 min read
Business property relief changes: What advisers need to know

Business property relief changes: What advisers need to know

'The first thing every business owner should do is review their current BPR position'

Stephen Kenny
clock 07 July 2025 • 5 min read