Once created wealth needs to be preserved whilst ensuring that you have sufficient income to fund your goals. The accumulation of assets over one’s life often provides financial security and the ability to pass this on to loved ones is usually a priority.

Inheritance tax is now affecting a greater number of people than ever before and is due to our increasing wealth. This tax is as much as 40% and is more often than not paid unnecessarily due to poor financial planning. We are able to advise clients in order to ensure that assets are passed on in a tax efficient manner while still allowing clients a degree of accessibility to the assets during their lifetime.

Inheritance Tax Planning is often the most complex area of financial planning as the decisions made can have long term effects for clients and their families. Private Wealth Management can demonstrate to you how assets and investments can be changed to provide an income whilst still maintaining the capital and how to alleviate the burden of inheritance tax when passing on your wealth to your children and grandchildren. We can help you employ a variety of tools to help you significantly reduce or eliminate inheritance tax including philanthropic gifts and charitable giving if you so wish.