As financial portfolios become more complex, financial trusts are becoming increasingly common, because they can be shaped to serve a variety of purposes. Trusts are routinely used as tools for gifting, asset management, inheritance tax planning and protection from creditors. They can be established whilst those involved are living, or can be included in a
The future belongs to those who plan for it, and when it comes to wealth management, succession planning or safeguarding your assets against unforeseen circumstances, it’s never too early to start planning. “Whether you want to set up a trust for charitable purposes, as a profit-sharing scheme for employees, or to protect your loved ones,
Planning for your retirement can be a daunting, and often confusing experience, with people living longer than ever and pension pots needing to last for an average of 40 years. It’s never been more important to have a strategy in place that allows you to live out your retirement safe in the knowledge that you
Did you know that there are more ultra-wealthy people around the world than the populations of Iceland, Malta or Belize? This population is expected to increase by 27% by 2024, as huge fortunes are being made in India, Egypt, Vietnam, China and Indonesia. “Not all high net worth individuals have the same approach to money,
Do you find yourself dreaming of stress-free flights, weekend breaks on isolated beaches, or that ultra-exclusive family holiday to Mexico? The fastest route to fulfilling those fantasies is by private jet – a mode of transport growing increasingly popular amongst the ranks of the super-rich. “Private jets are the path of least resistance, if you
Hong Kong has traditionally been seen as a tax haven and the financial hub of Asia, if not the world. The island is well-known for its no and low taxation on foreign residents and corporations. However, the last six months of social and political unrest in Hong Kong has begun to take a toll on
This week, the EU has added four countries and jurisdictions to its blacklist of tax havens, including British overseas territory the Cayman Islands. “The EU set up the system in 2017, to put pressure on countries to crack down on tax havens and unfair competition, sanctioning those it considered unfair in offering tax avoidance schemes.
With the likes of Goldman Sachs and National Savings & Investments (NS&I) cutting the interest rates on savings accounts, consumers are beginning to lose trust in the value of high street banking in the UK. “Today, the biggest threat to savings isn’t market risk. It’s the fact that a majority of Britons feel that banks
Superyachts are the epitome of luxury living, with their top-deck swimming pools, state-of-the-art kitchens and on-board jet skis. But buying a yacht or superyacht is both a personal and private investment, and one of significant financial importance. “A superyacht is a floating liability, and owners need to understand the legalities surrounding purchase and ownership, in
Around the world, concern is growing for Coronavirus. The Coronavirus has infected close to 40,000 people, the vast majority of them in China, it has spread to almost 30 countries and killed more than 800, surpassing that of the SARS epidemic of 2002-03. Given China’s importance to the global economy, it is unsurprising the virus
