An expatriate in London with a US brokerage account and property in India faces a common challenge. Establishing total net worth requires several logins, statements in three currencies, and manual conversions that go out of date as exchange rates move. The same fragmentation affects tax reporting, since each country applies its own residency and income rules.
Settel is a wealth and tax platform for people with financial ties to the US, UK, India and UAE. This article describes five features and their purpose.
1. A consolidated view in one base currency
Settel's demonstration workspace illustrates the approach. The sample user holds £214,900 in cash and an ISA, a US brokerage account valued at $386,240, and Indian property and fixed deposits valued at ₹1.48 crore. Settel converts each holding at live exchange rates into a chosen base currency, GBP in this example, and reports an estimated total of £842,360.
The allocation view adds detail that separate statements do not show. In the demonstration, 34% of the total is liquid, 47% is invested and 19% is held in property. By currency, 45% is in pounds, 32% in dollars and 23% in rupees. Nearly a third of the portfolio is therefore exposed to dollar movements and almost a quarter to rupee movements.
These figures come from Settel's illustrative workspace, not a real account. A consolidated total should be read as an estimate and not as a complete picture. It depends on exchange rates at the time of calculation, which change daily, and on the records the user has entered. If an account or asset is missing, or a value is out of date, the total will be wrong.
2. Cross-border tax estimates
Most tax tools assume a single country of residence and a single source of income. Settel's Smart Tax Estimator assumes that neither applies. It considers the user's country of tax residence, the source of each income item, the tax treaties between the countries involved, and tax credits already paid abroad. It then estimates the amount likely to be owed in each country.
The central question is which country has the right to tax which income. For example, a UK resident can claim tax on dividends paid by a US account, as explained in Settel's guide to UK expat taxes. Whether you pay tax twice or receive a credit for the other country's tax depends on the applicable treaty and accurate residency facts. An overlooked credit can cause overpayment, and an incorrectly claimed credit can trigger a query from the tax authority.
The output is an informational estimate, not a tax return or professional advice. Settel Lite covers estimates for up to two countries. Settel Smart, listed as coming soon, targets more complex multi-country positions.
3. Document upload, voice upload and the document vault
Users may enter figures manually, upload a financial document, or use voice upload. On Settel Lite, an uploaded document is read for the values Settel requires and the original file is deleted immediately. Settel does not store the document, and the extracted fields remain visible for review before Settel applies important updates.
Because Lite does not retain the file, users who may need a statement later should keep their own copy.
Automatic reading reduces transcription errors, since statements from different countries differ in layout and terminology. The review step keeps the user responsible for checking the result.
Settel PRO, the planned filing plan, adds a secure document vault available only on that plan. It holds the proof-of-income documents that users upload for filing.
4. Residency timeline
Several of the rules that determine where tax is owed depend on the number of days spent in each country, and each of Settel's four countries counts them differently. The summaries below omit each test's exceptions.
UK: The Statutory Residence Test combines day counts with personal ties.
US: The Substantial Presence Test requires at least 31 days in the current year and a weighted total of 183 days across three years.
India: a person is resident after 182 days in a financial year, or after 60 days combined with 365 days over the preceding four years. Different thresholds apply to Indian citizens and people of Indian origin who visit.
UAE: a person is a tax resident after 183 days in 12 months, or after 90 days if residence or business conditions are also met.
The dates behind these tests often appear scattered across passports, calendars, and booking confirmations.
Settel maintains a residency view alongside its wealth and tax views and lets users attach evidence such as statements and travel records. The tax estimate described above therefore rests on recorded dates rather than recollection.
5. Data controls
Settel publishes the following about how it handles data. Records are encrypted in transit and at rest. Access is limited to the services and personnel needed to operate the workspace. Export, correction, consent and deletion controls are available to users. Stripe processes payments and is PCI-DSS Level 1 certified, and Settel Limited is registered with the UK Information Commissioner's Office under reference ZC039135.
The full security model is published on Settel's Security and Trust page.
Who Settel is designed for
Settel covers four countries and therefore suits people whose assets or income are divided among them. Examples include an NRI in the UAE who owns property in India, someone who moved to the UK and still holds savings in their country of origin, and a US citizen living in London or Dubai. A person whose finances sit entirely in one country is unlikely to need it.
Pricing
Settel Lite costs $12 per month or $100 per year, with a trial available for $1. It includes the multi-currency dashboard, tax estimates for up to two countries, document upload with automatic reading, voice upload, and 60 monthly AI-action credits. Two further plans are in development: Settel Smart, which will provide cross-border simulations, what-if scenarios, and goal planning, and Settel PRO, a done-for-you filing service with a secure document vault, planned to launch in the US, UK, India, and UAE.
The trial can be started at app.settel.io/pricing.
Settel provides informational tax estimates, not tax advice.