Big thanks for getting my year-end return in given so little time.

Graham Welsh

Save tax and protect your family’s wealth

Don’t be wary of trusts – they need not be complicated and expensive to run. They are a very effective way of protecting family wealth while gaining valuable tax advantages and have successfully stood the test of time.

Protecting capital

If you want to give away assets to a family member but are worried that it will be squandered (or perhaps that their partner will squander it) you can put the money in a trust instead. That way you can ensure the capital is protected whilst still allowing the recipient to benefit from capital and income generated. The trust can be as flexible as you like and you can even keep control over the asset by being a trustee.

Trusts can also be used in other ways, for example to enable you to give assets away but still retain a right to income. They also lie at the heart of many employee benefit and pension arrangements.

Maximising after tax income.

Millions of pounds are unnecessarily lost to the Exchequer because of simple failure to understand the diverse ways in which various investments are taxed. To identify the investments that are most tax efficient, whilst not losing sight of the underlying quality of those investments, requires the combined skills of tax and personal financial planning experts.

If you would like further information or guidance please contact our Tax Consultancy or Financial Planners who work together to maximise other tax returns in this important area of planning.

If you want to give away assets to a family member but are worried that it will be squandered you can put the money in a trust instead. That way you can ensure the capital is protected whilst still allowing the beneficiary to enjoy the income and assets of the responsibly

Flexibility

The trust can be as flexible as you like and you can even keep control over the assets by being a trustee.
Trusts can also be used in other ways, for example to enable you to give assets away but still retain a right to income. They also lie at the heart of many employee benefit and pension arrangements.

Maximising after-tax income.

Millions of pounds are unnecessarily lost to the Exchequer because of simple failure to understand the diverse ways in which various investments are taxed.

To identify the investments that are most tax efficient, whilst not losing sight of the underlying quality of those investments, requires the combined skills of tax and personal financial planning experts.

If you would like further information or guidance please contact our Tax Consultancy or Financial Planners.