Effectively passing on your assets to the next generation is a process that requires preparation. Successful high net worth estate planning involves multiple elements, from tax planning to the use of trusts and Wills, each needing to be carefully structured and integrated. “Offshore trusts are often considered essential in efficient tax and estate planning by […]
The current unstable political and economic situations have given rise to questions surrounding the safety and security of offshore banking and wealth management. Offshore banking offers individuals a way to be more tax-efficient while accessing foreign markets. However, it’s important to understand the options available, as different countries have different policies and agreements. Here is […]
It’s not what you think. Offshore banking is often slandered, and most commonly associated with tax evasion. But this begs to question – what do people really know about offshore banking? James Turner, Director at York-based Turner Little tells us everything we need to know about offshore banking. “Offshore banking, simply put, is banking done […]
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. […]