The Savvy Wallet Podcast
The Savvy Wallet Podcast
Savvy Wallet
EP. 180 - Tax Director Reveals Why Millionaires Are Fleeing The UK (And Where They’re Escaping To) ft. Peter Ferrigno
1 hour 53 minutes Posted Jul 21, 2025 at 7:00 am.
Preview
Intro
Meet Tax Director, Peter Ferrigno
Are more people leaving the UK now?
The UK lost 16,500 Millionaires
Why Capital Gains Tax Is Lower
How do millionaires leaving the UK impact us?
Should we care about millionaire leaving the UK?
How many more millionaires will leave the UK in 2025?
Where are millionaires moving to?
Getting citizenship by investment
The Italian Tax System
Why do countries want millionaires ?
Why is the every day person leaving the UK?
Opportunities of staying in the UK?
People are coming to the UK
Impact of scrapping Capital Gains Tax
The 60% tax trap
Don’t reduce peoples personal allowances!
Make it easy for people to spend money
Countries in the world with the highest taxes
Practical steps to protect your financial future
Budgeting and financial planning
Simple ways to reduce tax
Common tax pitfalls to be aware of
What would stop people from leaving the UK?
Key lessons from 35 years in tax
Advice for moving abroad
Which countries has the lowest tax rates in the world
Final words
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1:53:52
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Show notes
In this episode, Ato speaks with Peter Ferrigno, Director of Tax Services at Henley & Partners who is the global leader in residence and citizenship planning.
We discuss:
- Why so many Millionaires are leaving the UK
- How Millionaires leaving the UK impact it’s economy
- The countries with the lowest tax rates
- What you should consider before moving abroad
- How to protect your financial future and much more
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Disclaimer: The information contained on this video is not intended as, and shall not be understood or construed as, financial advice. I am not a financial advisor and the information in this video is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.
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