Your wealth may have accumulated through a variety of means:

  • Earnings throughout your working life
  • High performing investments
  • Inheritance
  • Other ‘windfalls’ such as lottery wins, compensation or gifts

Whatever your source of wealth, unless you intend to spend it immediately, there are many concerns which need to be addressed, typically:

  • How can you preserve your wealth?
  • Is it better to pay off debts or earn money from your wealth?
  • How can you enjoy the wealth you have and continue to enjoy it when you retire?
  • How can you increase your wealth in the most tax efficient way?
  • How can you provide for your loved ones, in life and in death?
  • How can you pass on your wealth, without over-paying Inheritance Tax?

Even the most financially astute person can struggle to address these issues effectively, so it is worth seeking the advice of professional financial advisers who understand the specific needs of ‘high net-worth individuals’. Our advisers know that better solutions are achieved by helping you to understand your current position, what you want to achieve and the options available to achieve them, so that you can make an informed decision.

A note about inheritance tax

The amount of Inheritance Tax (IHT) raised by the Government has never been higher. Despite changes to the system, such as the new Residence Nil Rate Band (RNRB), an ever-increasing number of estates are being caught in the IHT net.

The basics are simple. For example, each person has a nil rate band of £325,000 that can be passed on without the beneficiaries paying tax. Your estate will pay tax at a rate of 40% on any amount over the nil rate band. In practice though, IHT can be extremely complicated not only in its calculation, but also the ways of reducing or avoiding it. The introduction of the RNRB makes things even more complex.

Our knowledge and experience means we can advise you on the right strategy for reducing the IHT paid when you die, whilst giving you the level of control you desire while you are still alive.