Passing wealth on

Having built up your business or wealth, many families often wish to enjoy it whilst also ensuring that it is passed on to the next generation in their families.

At Saffery, we can help you achieve this with a personal partner led service and effective tax planning.

By working with you directly, we ensure that we understand your needs and wishes and can give guidance on how to achieve your goals in a tax effective way. We have extensive experience of implementing tax planning which keeps control of family assets until the next generation is ready to take over. This could be through the use of trusts or Family Investment Companies (FICs), or by gifting and retirement.

We are leading experts in all of these strategies and can assist with all the areas of routine accounting and tax compliance, as well as providing day-to-day administration for both trusts and FICs.

How our experts can help you

We will get to know you and your family and can be involved in discussions on handing over control to the next generation. With specialist planning we can ensure effective succession while maintaining sufficient financing for your day-to-day needs.

We can advise you on tax efficient methods for passing on your wealth and/or business to the next generation and will work with you through this transition. We also have great experience of helping the next generation prepare for its future wealth.

Our services

Our services include but are not limited to:

• Annual update meetings for all the family.
• Tax efficient planning including income and capital taxes.
• Assistance with setting up trusts or Family Investment Companies.
• Dealing with any reporting requirements with HM Revenue & Customs.
• Dealing with offshore trusts.
• Planning in respect of the family home.
• Avoiding pitfalls e.g. incomplete gifts.
• Annual accounts and tax compliance.

Please contact our expert team to discuss a specific issue or to find out more about the services we offer to private wealth clients.