Leave a lasting legacy
Our Wealth Managers provide expert, independent advice to simplify the process of passing on wealth. They’ll assess your financial situation, help you determine the best way to transfer your money and assets, and guide you through cash flow planning. All of this makes sure you’re following inheritance tax rules while preserving as much of your wealth as possible.
Your Wealth Planner will also regularly review and adjust your plans as needed, checking they still align with your goals. You may also want to grow your legacy by investing before you pass on wealth to children or loved ones. If so, we can create a diversified investment portfolio - helping you make the most of anything you transfer.
How we can help
Having a plan in place helps you keep more of your hard-earned investments and savings. It can play a big part in strengthening family connections and leaving a meaningful legacy for generations to come.
Wealth planning
Feel more confident in your future, as our experts bring clarity to your finances.
Learn more
Investment management
Ensure your money is working as hard as it can with our investment management service.
Learn more
Inheritance tax planning
Understand how to leave a lasting legacy with the help of our experts.
Learn moreCommon questions on passing on your wealth
It’s important to start by having an open conversation with your loved ones about your wishes. You can then work with a trusted Wealth Planner to find the best way to pass on wealth. We’ll make sure your estate is structured efficiently, minimising the tax your loved ones may have to pay after you pass.
A carefully crafted Will, gifting during your lifetime, and tax-efficient investing are all important ways we can help you preserve your wealth over generations. Cash flow planning is also a useful tool to visualise your money and plan the amount you’d like to leave.
Every person’s situation will be different, but one thing to consider when passing on wealth tax-efficiently is whether you want to gift during your lifetime.
You can gift £3,000 per year free of inheritance tax (IHT), with exemptions for small gifts, charitable donations, and certain wedding gifts. However, there are pros and cons to lifetime gifting. A Wealth Planner will help you plan this strategically to make sure it’s right for you.
An experienced Wealth Planner can also assist with Trusts. These offer more control, ensuring your legacy is passed on to the right people at the right time, such as a child receiving funds only when they reach a certain age.
Yes, a private pension can be passed on to a child, but it depends on the type of pension and its rules. If you pass away before the age of 75, the pension can usually be inherited tax-free and the child can take the funds as a lump sum or income.
If you pass after 75, income withdrawals can be taxed, but the child still has flexibility in how they access the funds. It’s important to check your pension is set up with clear beneficiaries. A Wealth Planner can guide you on the most efficient way to do this.
Yes, you can pass on your pension. The best way to do this is to nominate the beneficiaries for your pension, which you can usually do through your pension provider’s website.
You may need to check whether pension benefits fall under the scope of IHT in the UK. The rules around IHT are always changing, so when you’re passing on your pension pot it’s important to speak to a knowledgeable Wealth Planner. They’ll be up-to-speed on the latest regulations and will help you plan how you transfer your pension tax-efficiently.
