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UK Tax Changes Cut FCNR Returns for High-Net-Worth NRIs

The UK tax rule on FCNR deposits is weakening their appeal among some wealthy NRIs because overseas interest may be taxed in Britain. Higher Indian returns and the RBI-backed incentive remain attractive, but investors must now compare headline rates with their final post-tax income. UK tax rules are weakening the appeal of Foreign Currency Non-Resident, or FCNR, deposits for some wealthy NRIs, particularly long-term UK residents who may owe British tax on interest

NRI News

11 Jul 2026 03:00 AM 12 views

UK Tax Changes Cut FCNR Returns for High-Net-Worth NRIs

The UK tax rule on FCNR deposits is weakening their appeal among some wealthy NRIs because overseas interest may be taxed in Britain. Higher Indian returns and the RBI-backed incentive remain attractive, but investors must now compare headline rates with their final post-tax income. UK tax rules are weakening the appeal of Foreign Currency Non-Resident, or FCNR, deposits for some wealthy NRIs, particularly long-term UK residents who may owe British tax on interest

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UK Tax Changes Cut FCNR Returns for High-Net-Worth NRIs

UK Tax Changes Cut FCNR Returns for High-Net-Worth NRIs

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Supreme Court Upholds Comments Against Gujarat Government in Bilkis Bano Case

Trump plans executive order to set single national rule for artificial intelligence

Midway Fire Near Livermore Burns 262 Acres, Now 60% Contained

Rajeev Chandrasekhar Sparks Row Over Lack Of Muslim Ministers With No Vote, No Post Remark

Giordano’s teams up with Jim’s Original for mustard infused Chicago deep dish

Bengaluru Engineer Loses Rs 11.8 Crore in Digital Arrest Scam

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Will Jagan Accept Sharmila’s Rally Challenge From Congress Amid Vote Fraud War?

Coco Gauff Responds After Sabalenka Clarifies Outburst

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#ukresidents

UK Tax Changes Cut FCNR Returns for High-Net-Worth NRIs

UK Tax Changes Cut FCNR Returns for High-Net-Worth NRIs

Supreme Court Upholds Comments Against Gujarat Government in Bilkis Bano Case

Trump plans executive order to set single national rule for artificial intelligence

Midway Fire Near Livermore Burns 262 Acres, Now 60% Contained

Rajeev Chandrasekhar Sparks Row Over Lack Of Muslim Ministers With No Vote, No Post Remark

Giordano’s teams up with Jim’s Original for mustard infused Chicago deep dish

Bengaluru Engineer Loses Rs 11.8 Crore in Digital Arrest Scam

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Will Jagan Accept Sharmila’s Rally Challenge From Congress Amid Vote Fraud War?

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