The government defines a high net worth individual as someone with an income of at least £170,000 and net assets of more than £430,000. Such people are undoubtedly in a comfortable position, but are hardly reaching non-dom status. Indeed, those just meeting the government’s definition would be politely turned down for a bank account at Coutts.

Many financial advisors and wealth managers consider HNWIs to be those who have between £1m and £5m in liquid assets. For the purposes of taking the temperature of the quite well-off, wealth managers at Saltus have polled HNWIs who have a minimum of........

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