Well, people do make those moves for tax purposes, but I don’t think it’s something I’d do. Maybe that’d be different if I found myself in the new 50% tax band, but my quality of life/friends/family etc all play too much of a role for me to move for purely economic reasons.
I think that is something that everyone would have to decide for themselves, and every situation would be different. Personally I think there are more than enough legal routes to mimimise tax bills, and good options to plan for the future using tax efficient savings/ pensions etc. That may all change, as well all know that the tax is only going to go one way (however much any of the politicians deny it). But that’s all the more reason for sheltering as much from the tax man now!
If you were to ask me if I’d emmigrate if Brown stays in power then my answer would probably be very different…I just don’t think I can cope with another 5 years of the man. Still, hopefully in under two months he’ll be gone :cheers:
themac