GOOD transport links, stability, schools and lifestyle are becoming more important for those seeking to take advantage of “non-dom” status and leave the UK, according to a local investment management firm.

Figures from HMRC released this week show that 9,000 wealthy residents had left the UK or changed their tax status since 2024, with many turning to the Channel Islands.

Rathbones Investment Management International said that clients’ “priorities are changing”.

“Clients expect a well-regulated international finance centre, but what often matters just as much is connectivity, schools, safety, lifestyle and access to high-quality professional services.”

The firm said that Jersey is seeing an influx of “entrepreneurs, business owners and investment professionals” who are balancing their family lives with a “long-term base”, while also building an “internationally active” professional life.

Non-dom status was once used by Brits living in the colonies, so they could as UK residents on paper without being “domiciled”, exempting them from taxes on income made abroad.

The UK abolished non-dom status from 6 April 2025. It was replaced by a “new regime” offering tax relief during new arrivals’ first four years in the UK.

Marc Nightingale, senior investment director at Rathbones, said: “The latest non-dom statistics are a useful moment to take stock of how international wealth is moving, but they are not the full story. The end of the UK’s non-dom regime has sharpened conversations about mobility, but tax is only one part of the decision.

“Families are thinking more broadly about resilience, optionality and where they can build a secure base for themselves and the next generation. For some, that may be the Channel Islands; for others, it may be another international hub. The common theme is the need to bring tax, investment, succession, governance and lifestyle considerations together.”

“While a number of destinations have become known for welcoming the internationally mobile, Jersey actively seeks to attract entrepreneurs, business owners and investors who can make a long-term contribution to the Island.”

The Island offers specific tax rates to residents under the High Value Residency scheme. So far in 2026, 18 high-net-worth individuals arrived in Jersey and three left, against 29 arrivals and 11 departures in 2025.