High Net Worth Individuals

Proactive Personal Tax Planning

High Net Worth and Ultra High Net Worth Individuals require specialist and personalised advice to help to protect, maintain and enhance their wealth.

Our team specialise in advising high net worth individuals on how to control their income and assets efficiently, whilst minimising their tax liabilities in the process.

The personal and financial circumstances of every client is unique to them which is why we work to develop tax planning strategies that best suit each individual’s needs.

There is no formal definition of high net worth individuals, but HMRC’s view is that anyone with £10 million or more in assets would be considered a high net worth individual. However, if you have assets worth more than £1 million or have a six-figure annual income, then you would probably benefit from the advice of a tax advisor who has in depth knowledge of the areas that high net worth individuals operate in.

Who We Help

UK resident individuals with income in excess of £100,000
UK resident individuals with assets valued in excess of £2m
Non-UK resident individuals looking to move to the UK or invest in UK sited assets
Individuals who have family office requirements
Individuals with investment assets such as properties or share portfolios

How We Help

Income tax planning – with income over £150,000 now being taxed at a rate of 45%, we will look at effective tax planning opportunities to minimise your tax liability.
Inheritance tax planning – with the nil rate band currently set at £325,000, any assets in excess of this are subject to inheritance tax at 40%. We will work with you to understand your assets and develop a plan that protects your wealth for you and your family.
Capital gains tax planning – if you’re looking at disposing of assets, understanding the capital gains tax implications and the reliefs that might be available can impact the decision to buy or sell assets.
Profit extraction – whilst it’s great to have a successful business, the problem if often creates is how to extract the profits efficiently. We will work with you to ensure you have an effective strategy to extract the profits when you want.
Residency & Domicile – the rules around tax residency are complex and it is therefore vital that you understand the tax impact that UK tax residency can have. We will work with you to understand your residency and domicile position, looking at effective ways to reduce your exposure to UK tax.
International matters – whether your affairs are in the UK or global, our team understand international tax matters and have experience in the tax treaties the UK has around the world. We will therefore work with you to understand your worldwide tax position and if needed, can introduce you to tax advisors around the world if you have overseas tax issues.
Offshore tax – although there not quite as beneficial as they use to be, offshore trusts and companies can still be beneficial in the right circumstances. We will use our experience in offshore matters to ensure your overseas tax affairs are structured correctly, ensuring you remain fully compliant.

Knowledge & Experience

No matter how straightforward or complex your requirements may be, our team has the skills, knowledge and experience to help you and your business.

We have a proven record of helping our clients achieve their goals through our pro-active approach to tax planning. To see examples of how we have helped our clients, please take a look at our case studies.

See our case studies