As Superyacht crew, you must meet certain tax obligations. Knowing what those obligations are and keeping your tax affairs up-to-date is essential when it comes to managing your finances. As a UK national, you are entitled to certain allowances and pensions. Understanding what they are can help you save money.
That’s why we have written the UK Crew Guide to Savings, Pensions and Tax.
As we explain in the guide, correctly declaring your income and choosing the right pension plan will put you in the best position to achieve your financial goals. To help you better navigate your obligations and various savings options, the guide is split into four sections:
- Tax: what your obligations are and what allowances are available to UK Superyacht crew.
- Emergency funds: what they are and how to secure yours.
- Pension planning: key considerations for crew and available options.
- Savings: how to use Individual Savings Accounts (ISAs) and other savings vehicles to your advantage.
To put all of the above in context and help you understand what it means in practice, we’ve included a case study of one of our clients, a UK Superyacht chef.
This guide will show you how correct advice and proper planning can help you secure your finances and save more for your future.