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Accountants for High Net Worth Individuals

By April 6, 2023No Comments

As a high net worth individual, protecting your assets and managing your wealth effectively is essential. And one of the best ways you can do this is by seeking specialist and strategic advice from a professional accountant who is experienced in wealth management.

Whilst there isn’t a set definition of what is classed as a high net worth individual in the UK, various organisations have their own definitions. For example, HMRC defines this as someone who has assets that are worth more than £10 million, whereas the Financial Conduct Authority (FCA) defines it as someone who earns over £300,000 a year or whose net assets are over £3 million. But for the purpose of tax planning, here at Warr & Co we consider a high net worth individual to be anyone with over £1 million in disposable wealth or a six figure income.

Your own personal tax manager

Your money should be working as hard as it possibly can for you. And in order to do this, you need a specialist, proactive and personalised accounting service that can help you effectively manage and enhance your wealth and protect your assets. 

That’s why we assign our high net worth individuals their own personal tax manager who knows your assets inside out and will work tirelessly to protect what you’ve worked so hard for. They’ll continually monitor legislation developments and offer tax advice that’s both proactive and strategic to ensure you remain not just tax compliant – but, ultimately, tax savvy. 

What accounting services can you expect from us?

That all depends on what you’d like from us! Our accounting services are fully tailored to suit your individual needs, but the most common services we provide to our high net worth individuals are:

  • Tax planning
  • Estate planning 
  • Self Assessment
  • Trusts and Executorships
  • Capital Gains Tax
  • Inheritance Tax
  • Family business accounting

Your tax manager will work in partnership with you to understand your specific needs and requirements and to identify which services would benefit you the most.

How does the process work?

Working with your personal tax manager begins with three simple steps. Firstly you’ll need to pull together any relevant information that you think will help us with your personal tax planning and wealth management. Once you have this ready, you can then sign up for a free consultation with one of our most senior accountants who will discuss your requirements and explain how you could benefit from our services. All that’s then left for you to do is sign on as a client and then your personal tax manager will take care of the rest.

To find out more about registering as a client with us or for more general information, please visit our accounting services for high net worth individuals webpage.

Request your free consultation now 

Like the sound of us and what we can offer you? If you already have your relevant tax information at the ready, you can register for your free, no obligation consultation right now. Simply fill out the form and one of our senior accountants will be in touch!

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