Peter Tung

Tax and Legal Counsel – Asia

Peter is a seasoned wealth planning adviser with extensive experience in the financial services industry. He specialises in personal and family wealth planning, cross‐border people advisory, and tax‐efficient structuring for High‐Net‐Worth individuals. His career includes senior roles at a Big Four Accounting Firm, where he focused on personal tax planning and cross‐border mobility management across the APAC region, and as Head of Personal Tax at a leading Trust, Business, and Corporate Service Provider in Hong Kong. Peter is also well‐versed in global tax compliance, including CRS and FATCA reporting, and is recognised for his ability to collaborate seamlessly with clients, bankers, and lawyers to deliver tailored, strategic solutions.

Qualifications

ACCA, Association of Chartered Certified Accountants
Certified Public Accountant (CPA), Hong Kong Institute of Certified Public Accountants
Enrolled Agent (EA), US licensed tax practitioner
Certified Trust Practitioner (CTP), Hong Kong Trustees’ Association.

#8 Summer 2026 Australia: Tax Reforms Reshaping Wealth Structures and Planning Strategies By Peter Tung Peter Tung outlines recent changes introduced in the 2026–27 Australian Federal Budget, and considers how reforms affecting capital gains tax, discretionary trusts and superannuation may influence long-term wealth planning structures.

#7 Spring 2026 Asia: Private Succession and Asset Integration Through Insurance-Based Solutions By Peter Tung As outlined in his Technical Spotlight article, Peter Tung explains how fragmented planning can undermine long-term outcomes for families with complex assets and cross-border connections. He positions life insurance as a central framework for bringing structure and continuity to that complexity.

#7 Spring 2026 Asia: Why Asian Families Need a Central Anchor for Complex Wealth By Peter Tung Asia’s private wealth continues to expand at an unprecedented pace. Driven by China, India and South-East Asia, total private wealth in the region is projected to reach USD 99 trillion by 2029 (BCG). At the same time, Asia is entering its largest intergenerational wealth transfer to date, with trillions expected to pass from founders to heirs, many of whom are internationally mobile and connected to multiple jurisdictions.

#6 Winter 2026 Asia: Managing Tax Compliance and Transparency for Asian HNW Families By Peter Tung In this article, Peter Tung examines how Asian high net worth families can stay ahead of tightening global tax rules while preserving wealth across borders. As automatic information exchange and anti-avoidance measures intensify, compliance is no longer optional.

#5 Autumn 2025 U.S. Estate Tax for Non-Resident Aliens: Key Facts and Planning Opportunities By Peter Tung Peter Tung, Tax and Legal Counsel – Asia, highlights how Asian families can be caught by the US$60,000 U.S. Estate Tax allowance and sets out practical steps advisers can take to plan ahead.

#4 Summer 2025 Bespoke Integration of Alternative Investments in Asia By Peter Tung High-net-worth (HNW) families in Asia are increasingly turning to private equity (PE) and alternative investments to enhance returns and diversify portfolios. When structured within insurance-based wealth solutions like an Investment-Linked Insurance Policy (ILP) – the product commonly used in Asia that combines investment and protection elements – these assets can support long-term wealth preservation and succession planning.

#4 Summer 2025 Thailand’s Overseas Income Tax Shift: The Role of Insurance-Based Solutions By Peter Tung Thailand has introduced sweeping changes to the taxation of overseas income. From 1 January 2024, all overseas income remitted into Thailand by tax residents is now taxable – regardless of when it was earned. However, a proposed exemption for 2025 offers a unique opportunity.

#3 Spring 2025 Transforming Estate Planning for China’s HNW Families with Life Insurance By Peter Tung Peter Tung, Tax and Legal Counsel – Asia, explains how life insurance, paired with cross-border strategies, becomes essential for efficient, dispute-free wealth transfer. Discover how you can harness its power to protect your client’s legacy.

#2 Winter 2025 Asia: Sustainable Wealth Management for HNW Families in Asia By Peter Tung Sustainable wealth management is crucial for high-net-worth (HNW) families in Asia, given their unique and complex needs. In this article, Peter Tung looks at the strategies for securing long-term financial health, optimising wealth transfer, and maintaining privacy amid evolving regulatory environments.

#1 Autumn 2024 Leveraging Life Insurance for a Smooth and Tax-Efficient Transition to Australia By Peter Tung Imagine a high-net-worth family that has worked tirelessly to accumulate their wealth, with family members contemplating a move to Australia. They aim to pass this wealth to the next generation, who will become Australian residents. How can they ensure this transition is both smooth and tax-efficient? One intriguing solution lies in leveraging life insurance solutions.

Peter Tung

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