April
A five-year financial journey for a UK-based client returning to Asia
Services Provided
Bank Account Setup and Management
Legal & Tax Planning
Fund Management
Client Background
April lives in the UK with her 2 children, who are currently in secondary school. She holds investment accounts in Asia and uses a UK high street bank for daily expenses. Having resided in the UK for 5 years, April is subject to UK taxation on her global income and investment gains. She plans to relocate back to Asia after her children start university in 5 years and settle there long-term.
Client’s Goals
Despite the level of funding in her account, April’s UK high street bank provides her with low levels of service and support. Occasionally, her account freezes with no explanation. The quality and range of services available through her account are limited for someone with her profile.
Her assets are spread across multiple regions, leading to high maintenance costs and no unified investment strategy.
The wishes to improve the investment returns while remaining compliant with UK tax regulations.
Our Tailored Solutions
Oakcean assisted April in opening a European private banking account better suited to her net worth, and allowed the consolidation of her global holdings under a single management structure.
Through the new account, she subscribed to a regulated offshore non-reporting fund.
Outcome
April now enjoys a premium private banking service. Her financial arrangements are clearer and easier to manage, with greater operational efficiency.
By taking action early, April increased tax efficiency on investment returns from her offshore non-reporting fund.
Related cases
MORE CASES
