Majority of UK millionaires believe they would have a better life abroad

More than half (60 per cent) of UK-based millionaires believe they would be able to have a better quality of life if they moved overseas, research commissioned by Arton Capital has found.

The analysis, conducted by Walr, surveyed over 1,000 UK residents with a net worth of at least £1m, and revealed 31 per cent thought their quality life would be ‘somewhat better’ abroad, while 29 per cent believed it would be ‘significantly better’.

Just 6 per cent felt their quality of life would be either somewhat or significantly worse overseas, while 34 per cent thought it would be more or less the same.

The investor migration consultancy also asked UK-based millionaires whether they would consider leaving the UK if a wealth tax was introduced, with 53 per cent saying they would either be more likely or much more likely to think about moving.

Less than one in five (18 per cent) said they would be less likely or much less likely to consider leaving the UK if a wealth tax was implemented.

UK millionaires were drawn to golden visas or citizenships as investment vehicles to provide pathways in obtaining residency or citizenship in a country, with 82 per cent stating they would be interested in investing through such a programme.

The US topped the list of countries UK-based millionaires were most interested in relocating to at 35 per cent, followed by Canada (33 per cent), Australia (25 per cent), and the UAE (17 per cent).

Despite the findings indicating millionaires were considering leaving the UK, 66 per cent still viewed the UK as an attractive place to invest when compared to other countries.

Arton Capital noted that this sentiment was possibly buoyed by the UK’s historic status as a global financial hub, with the research suggesting that many affluent individuals remained confident about the prospect of financial returns on their UK investments.

“The UK is at a tipping point,” said Arton Capital CEO, Armand Arton. “The uncertainty around the government’s proposed wealth tax mirrors the ongoing economic uncertainty seen around the world – from Trump’s tariffs to conflict in the Middle East, it seems clear that the world is becoming less and less certain.

“There are many repercussions of the introduction of a levy, but one thing is clear: the longer that unpredictability persists, the greater the risk of losing capital, talent, and long-term investment to countries that offer greater security for individuals, families, and their futures.”



Share Story:

Recent Stories



FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.