Nigel Farage will outline Britannia Card policy that could give the low paid £600 to £1,000 extra a year
Reform UK are to offer wealthy foreigners and returning British expats a bespoke tax regime in exchange for a one-off payment of £250,000 with all funds collected redistributed to Britain’s lowest-paid workers, the party claims,.
The proposal, dubbed the Britannia Card, is due to be unveiled by party leader Nigel Farage later this week. It promises a 10-year residence permit and a return to the controversial “remittance basis” of taxation, allowing cardholders to shield overseas income from UK tax and avoid inheritance tax entirely.
In return, high-net-worth applicants would pay an upfront “entry contribution” of £250,000, which Reform UK said will be distributed in full to the bottom 10% of UK earners.
Reform estimates this “Britannia workers’ dividend” could provide a tax-free annual payout of £600-£1,000 to roughly 2.5 million low-paid full-time workers, depending on uptake. The money would be delivered directly by HMRC at the end of each tax year.
