*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once a year. Gross is the interest rate payable before tax is deducted. ISAs pay interest tax-free. Tax-free means the interest rate payable where interest is exempt from UK income tax. Your savings balance will be eligible for this tax benefit for so long as it is held in a valid cash ISA account.
Sadly, I am, unlike the CotE’s wife, ineligible to go non-dom but that would have no effect on this account, anyway …
You could go non-dom any time you like. Simply move abroad and claim your new home as your primary residence. Any money you earn there will be taxed at local rates.
It’s not that easy .
You can’t just go non dom you can go non resident .
Non do is determined mainly where you were born . Sunaks wife was born in India .
The wife of the chancellor, Rishi Sunak, is a shareholder in a restaurants business that funnelled investments through a letterbox company in the tax haven of Mauritius, in a structure that could allow its backers to avoid taxes in India.
The business, International Market Management (IMM), is hoping to build a chain of dozens of restaurants across India, via franchise agreements with the celebrity chef Jamie Oliver and the American fast food brand Wendy’s.
Sunak is bound by the ministerial code, which requires him to declare any financial interests that are ‘relevant’ to his responsibilities.
The involvement of Sunak’s wife, Akshata Murty, has emerged from an investigation by the Guardian into a range of financial assets held by Sunak and his close family, many of which have not been declared in the official register of ministers’ interests.