Seafarers Tax Advice for Superyacht Crew

Living the highlife aboard the most luxurious vessels, I understand tax isn’t at the forefront of your mind! We get that, so our team at SK Tax Service aim to take away the stresses and strains of dealing with the tax office.

Whilst travelling the high seas around the world you still need a pin on the map that you call home! You need a country you reside in and therefore declare your untaxed income to. With the banks now disclosing information around the world it’s more important than ever to make sure your tax affairs are in order.

As you work aboard the yachts and subsequently out of the UK for significant periods at a time, you are more than likely eligible to qualify for the seafarer’s earnings deduction allowance (SED). This is an allowance the UK gives to seafarers aboard qualifying vessels, regardless of your actual role on the ship. As long as you perform your main duties of employment on board a ship and meet the criteria, you can clear your liability for UK tax.

Need help bringing your National Insurance contributions up to date?

We can help. Paula and Rachel specialise in handling National Insurance matters and can review your record to identify any gaps and guide you through getting them corrected.

Keeping your National Insurance contributions up to date can help protect your future entitlement to state benefits and your State Pension.

Because this work requires a detailed review and additional administration, there is a small additional fee for this service, currently £60 per year.