Back by popular demand! Join us for the Wellesley Club UK's fifth annual Expat Finance Matters in the UK seminar.  Whether you're newly arrived in the UK or a long-time overseas resident, this free, informal session will help you understand your tax reporting obligations as a US citizen living abroad. Our experts will review the basics (tax filing deadlines, FBARs, domicile, etc.) and provide information on relevant UK tax and pension legislation. We will also discuss charitable giving, and the Wellesley Trust in the UK.

Our speakers will include:
 

  • Rory Dorman, Partner and Investment Advisor, MASECO (which provides financial advice to Americans in the UK); and
  • Matthew Edwards, Senior Tax Manager, Satis Asset Management.

The evening will run as follows:

6:30 pm - 6:45 pm: Arrival and socializing

6:45 pm - 7:30 pm: Presentations followed by Q&A

7:30 pm: Informal discussion and networking

The event will be held at MASECO's offices, Burleigh House, 357 Strand, London, WC2R 0HS. The nearest tube stations are Charing Cross and Embankment. The venue is wheelchair accessible.

To register, please use the Eventbrite link: https://www.eventbrite.co.uk/e/expat-finance-matters-usuk-tax-issues-investment-and-charitable-giving-tickets-31394564989

We look forward to seeing you on April 11th!

 

The Wellesley US/UK Charitable Trust: Make your gifts go further

 

The Wellesley US/UK charitable trust is now up and running. This means that donations from US/UK taxpayers that come into the Trust will be treated simultaneously as gifts to a UK charity for tax purposes and gifts to a US charity (Wellesley).

This makes a very large difference both to Wellesley and to the alum making the donation. For example: you give a gift of £100 to the new UK Wellesley Trust, and provide it with a Gift Aid declaration. The Trust can then claim back £25 from HMRC. So although your gift was for £100, Wellesley receives £125. Additionally, if you are a 40% UK tax payer you can claim £25 yourself on your UK self-assessment tax return. Because you get your £25 back, the cost of the gift to you is £75.