Simplifying Wealth planning entrepreneurs & business owners
This is a marketing communication provided to UK residents for information purposes and does not constitute investment advice or a recommendation.
While you are focusing on your business, it is important to plan for your other objectives.
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Forecast future income
Maximise your tax efficiency
Ensure appropriate structures for your assets
Structure ownership of family assets
Protect your family from unexpected events
Pass on your wealth
Explore wealth planning advice as you grow your business
Get guidance throughout the pre-sale and sale process
Organise family governance
Our Wealth planning team can provide specific advice on a particular aspect of your needs or a thorough review of your finances.
Any services and investments may have tax consequences. SG Kleinwort Hambros Bank Limited does not provide tax or legal advice. The level of taxation depends on individual circumstances, which can change. You should seek professional advice to understand any applicable tax or legal consequences.
CA001/JAN/24
We aim to help you maximise your investments, by making sure you’re taking full advantage of tax allowances.
A saving account that offers tax-free interest on the money you deposit.
• Every tax year*, £20,000 can be invested into a stocks and shares ISA.• ISA investment returns are exempt from UK Income Tax and Capital Gains, dividends are exempt from income tax and withdrawals are tax-free.
Investment accounts to hold investments outside of a tax wrapper such as ISAs or pensions
• No limit of investment.• 3 types of investment management : discretionary portfolio management, investment advisory or execution only
*The UK tax year starts on the 6th April 2024 and ends on the 5th April 2025.Any services and investments may have tax consequences. SG Kleinwort Hambros Bank Limited does not provide tax or legal advice. The level of taxation depends on individual circumstances, which can change. You should seek professional advice to understand any applicable tax or legal consequences.
Our Investment Team will give you access to our investment expertise in various ways, depending on your objectives and how involved you would like to be in the investment process.
A service that allows you to delegate investment decisions to experts, either because you do not have the time, or the access to market information to make timely investment decisions.
A solution that provides you with investment knowledge and advice from Investment Management experts allowing you to make the final decision.
A dedicated solution to invest directly in the markets with no investment advice provided by our experts.
As your business is growing, it is important to ensure your assets are well structured for tax efficiency.
An insurance policy provided by a non UK insurance company that provides a tax efficient way to invest.
• Income and gains from the underlying investments are not taxed within the offshore bond.• Investment returns are only taxed when a capital gain is realised via a withdrawal, which is taxed as income by the policyholder.• You can withdraw up to 5% per annum of the initial investment amount with no immediate tax liability but tax will be liable when you draw above this level.• Any unused tax deferred allowance can be carried forward and used in future years.
• Offshore bonds can be converted to a Discounted Gift Trust for Inheritance Tax planning.• They can be assigned to another individual without crystallising a Capital Gains Tax liability.
As an entrepreneur, you can support other companies to raise the capital they need to grow and mature, while benefiting from tax relief.
Enterprise Investment Schemes invest in assets that may at times be difficult or impossible to sell. This means that there may be occasions when you experience a delay or receive less than you might otherwise expect when selling your investment.
EIS enables investment directly via new shares in small, unquoted companies.• 30% Income Tax relief upon investments of up to £1,000,000 in the 2023/24 UK tax year. The EIS must be held for at least 3 years to retain this relief.• Tax free capital gains.• Qualifies for business property relief if held for 2 years (inheritance tax benefits).• Dividends are subject to Income Tax at the investors marginal rate.
A listed investment on the London Stock Exchange which enables investment in small, unquoted (or listed on the Alternative Investment Market) companies with a UK presence.
• 30% Income Tax relief upon investments of up to £200,000 in the 2023/24 tax year. The VCT must be held for at least 5 years to retain this relief.• Tax free dividends.• Tax free capital gains.
Unexpected events can have a significant impact on everyone involved. Wealth Planners can help you in structuring insurance policies to protect future income and ensure business continuity in the event of unforeseen circumstances.
Solution to cover a key person whose death or disability would have a serious effect on the company.• The potential pay out could help a company continue trading, replace a key person or protect corporate debt.
Life insurance policy for key employees paid for by the company.• The policy can be written in trust to safeguard against Inheritance Tax.
Protection policy to enable surviving shareholders to buy back share from an inheritor.• The potential sum assured is generally paid free of tax, allowing the business to buy back the shares from the deceased's estate.
Premiums for these policies can be considered a business expense and could be deductible from Corporation Tax. Any services and investments may have tax consequences. SG Kleinwort Hambros Bank Limited does not provide tax or legal advice. The level of taxation depends on individual circumstances, which can change. You should seek professional advice to understand any applicable tax or legal consequences.
Some owners rely on the eventual sale of the business for their pension.You should always have a plan B and it is worth making the most of the tax benefits pensions offer.
A tax-efficient pension wrapper for individuals.
• It can hold a variety of instruments including an invested portfolio as well as direct, commercial property.• You can stagger drawdown of tax-free cash and taxable income.• You can borrow against your pension fund to fund further investments.
A fully flexible standalone pension arrangement established by a limited company.
• Usually set up by directors to fund their own retirement (can include family members).• Businesses receive Corporate Tax reductions on the cost of running such schemes.• It can hold a variety of instruments including an invested portfolio as well as commercial property.• It can make a loan from the pension scheme to the corresponding limited company on favourable terms.
A comprehensive cashflow model can determine whether your income and assets can sustain your desired expenditure levels over your lifetime.It can be updated when liquidity events or a change in your goals occur.
Our cashflow modelling is highly personalised with full details of your financial circumstances, as well as considering inflation, tax and market volatility.
It can help answer some of the most important questions in your life :• Could I afford to maintain my standard of living if I were to retire or reduce my activity now?• How can I preserve wealth for future generations without compromising my current lifestyle?• Are there any tax efficient planning solutions to mitigate my ongoing tax liabilities?
Organising and structuring your wealth in the right way will enable a seamless wealth transition to current and future generations.
A flexible framework to take control of your wealth and consolidate your assets under one holding structure.
• Protect your wealth from unexpected events and control the distribution to beneficiaries who are less able to manage their own finances.• In the event of death, trusts avoid the need for probate, which can be a public process in many countries and the terms can be kept confidential.
A limited company structure used as part of legacy planning with limited tax exposure whilst retaining control over family wealth.
• Different share classes can be issued conferring different rights in respect to income, capital and voting rights/control.• Any increase in the value of investments arises outside of your estate for Inheritance Tax purposes.
Warnings associated with Trusts – Legal ownership:By transferring legal ownership of your assets into a Trust, you are giving up the entitlement to and control of, those assets. The Trustees appointed to manage and administer the Trust, will have full control over the assets held within the Trust.
Having worked hard for your success over many years, it is important to reward yourself for your commitment. We can help you to pursue your passions in the best way.
Are you planning to acquire, sell or transfer artwork ?SG Kleinwort Hambros provides an introduction to our professional partners in the art world who can deliver an array of services.*
Are you thinking of buying a yacht or a private jet?Benefit from the expertise of a team specialised in financing Super/Mega-yachts and private jets within Societe Generale Private Banking.**
Are you looking for a way to give meaning to your wealth?With our philanthropy solutions, you can create positive change and a family legacy which will transcend generations.
* SG Kleinwort Hambros will receive a fee for this introduction, details available on request.**The UK rules for the protection of retail clients and the UK compensation scheme do not apply to services provided by other entities in the Societe Generale Private Banking Group.
The Wealth Planning team can work with you to provide specific advice on particular aspect of your needs or a thorough review of your finances.
Helping individuals, families, entrepreneurs, trusts and charities to manage their wealth, with a comprehensive range of services to support private financial lives at every stage.
Promoting diversity and inclusion is a strong pillar of our vision. We aim to help transform the financial services industry's approach to female investors and female founders.
Where appropriate, we may be able to connect you with Societe Generale, one of the world’s leading financial groups with 25 million customers in 66 countries (January 2024).
We aim to be a leading responsible bank for client service and expertise, helping you to build lasting legacies.
of our client base are Entrepreneurs
Assets Under Management (June 2024)
Geographic locations:London, Cambridge, Newbury, Leeds, Edinburgh, Guernsey, Jersey and Gibraltar
