Now is an opportune moment to give your finances a health check
02/07/2020 - The pandemic has created some financial planning challenges. Some people have faced an immediate and catastrophic reduction in income, while others have seen market volatility disrupt their long-term savings. Some may find themselves with spare cash as their household expenses have reduced. Whatever your situation, it is an opportune moment to give your finances a health check.
Retirement and life planning - ensure you enjoy retirement from day one
03/06/2020 - Retirement is a major life event and financial peace of mind is a vital component. It is difficult to enjoy your later years if you are worried about whether you will run out of money, or are unsure how much is enough. Those with a well-considered plan are in a better position to enjoy a fulfilled and happy retirement from day one.
Family Investment Companies – a tax efficient and timely opportunity
22/05/2020 - A Family Investment Company (“FIC”) is a useful vehicle for both passing wealth to the next generation and as an investment vehicle in its own right. It also has potential inheritance tax (“IHT”), income tax and capital gains tax benefits. Now is a particularly good time to be establishing a FIC, given current depleted asset values.
How business owning families can adapt to manage a crisis
14/05/2020 - Generations Y (millennials) and Z are not just used to working with technology, it is truly embedded in their daily lives. Few of them would understand the notion of being online or offline, rather acknowledging rare moments when they are not attached to a connected device (e.g. scuba diving). How might these intrinsic skills be captured for the benefit of business owning families?
Sports people: handling a break in earnings
02/04/2020 - Efforts to halt the spread of coronavirus have hit the sporting world hard. The Premier League is suspended until at least the end of April, the Olympics until next year and many other sporting fixtures postponed or cancelled. Unable to play, sports people may already be seeing a hit to their income.
Can giving away assets during the crisis provide tax-saving opportunities?
31/03/2020 - There is no road map for private individuals to navigate the current crisis, which is proving to be an extremely testing time for everyone. However, there are some tax opportunities investors could consider to cushion the blow.
Three key considerations for family offices during testing times
24/03/2020 - Does “business as usual” (BAU) ever exist for complex families with substantial assets? Whatever one’s view on that question, current challenges might suggest a renewed look at the basic principles of effective family governance (EFG).
Market update – Weekly webinar briefing
As we adjust to this new world there are a number of tax-related considerations that need to be considered. Watch our weekly webinar, this week presented by our Tax Partner Julia Rosenbloom, topics to be discussed include:
- An explanation of how capital taxes rules protect individuals in falling markets
- Capital Gains Tax – what can you be doing now to manage future gains?
- Inheritance tax – why now is a good time to plan
- Structuring your investments – the benefits of family investment companies and why now is a good time to consider them
S&W Weekly Briefing - 27 March 2020
If you would like more information or to discuss how coronavirus will affect you or your business, please contact using the form below.