The UK's immigration/tax disconnect on global wealth

The UK has long competed for talent, capital and influence. Internationally mobile private wealth – once associated with the now abolished non-dom regime – has been part of that mix. The government's Foreign Income and Gains (FIG) regime (from 6 April 2025) shows the UK still wants globally mobile individuals, but on revised terms. Viewed alongside immigration policy, however, the system is incoherent: it's hard to get in, and it becomes less attractive just as permanence becomes possible. FIG in brief New or returning residents become eligible after ten consecutive tax years of ...