Family Investment Companies & Succession Planning
Family Investment Companies are a powerful way to structure your wealth for legacy planning as part of a broader smart business structure. Designed as a modern holding structure to hold assets, manage Inheritance Tax, and pass growth to the next generation -without relinquishing control today.
Model what your estate looks like today and in the future
Use financial modeling so you never compromise your retirement
Bring accountants, solicitors, and financial planners together
Look at your business and personal wealth together
At Palmers, we don’t believe Family Investment Companies should be considered in isolation. For business owners in particular, your company, pension, investments, property and personal wealth are often interconnected. Our starting point is therefore to understand the whole picture.
How Palmers can help with Family Investment Company planning
We help ambitious business owners make brilliant business decisions
Understand your current wealth and potential IHT exposure
We start by bringing together your business interests, pensions, property, investments, cash and other assets to understand what your estate looks like today. More importantly, we can consider what it might look like in 5, 10 or 20 years if those assets continue to grow.
Establish how much wealth you actually need
There is little point giving away assets simply to save tax if doing so compromises your own retirement. Cash-flow and financial modelling can help establish what you are realistically likely to need and therefore what wealth might genuinely be available for longer-term family planning.
Review your existing company structure
For business owners, we can consider whether investments and surplus cash should continue accumulating inside the trading company and whether your existing corporate structure remains appropriate for your future plans.
Model different scenarios
Rather than assuming an FIC is the answer, we can compare different approaches. What happens if you retain the assets personally? What if you make outright gifts? What if you establish an FIC? What if the money remains within your existing corporate structure? Seeing the numbers can make the decision considerably clearer.
Coordinate the professional advice
Establishing an FIC may require input from your accountant, solicitor and financial adviser. Palmers can help bring those conversations together so that the tax, company structure, investments, wills and wider succession strategy aren’t considered independently of one another.
Coordinate the professional advice
Establishing an FIC may require input from your accountant, solicitor and financial adviser.
Palmers can help bring those conversations together so that the tax, company structure, investments, wills and wider succession strategy aren’t considered independently of one another.
The most important question isn’t “Should I set up an FIC?”
It is:
What do I want my wealth to achieve for me and my family?
A Family Investment Company can be a powerful long-term planning structure for the right family.
But it isn’t an off-the-shelf Inheritance Tax solution and it shouldn’t be established simply because you’ve heard that wealthy families use them.
The real opportunity comes from planning early.
The longer the timeframe, the greater the opportunity to decide where future wealth accumulates, how ownership passes between generations and how much control you genuinely need to retain.
Could a Family Investment Company work for your family?
If you have built substantial wealth through your business, property or investments and are beginning to think about Inheritance Tax and passing wealth to the next generation, now is a good time to review your structure.
At Palmers Accounting, we help business owners look at their business and personal wealth together, model their options and coordinate the tax and succession planning needed to make informed decisions.
Speak to Palmers about Family Investment Company and Inheritance Tax planning.
We can start by looking at where you are today, what your wealth could look like in the future and whether an FIC — or a simpler alternative — could help you achieve what you want for your family.
- Ask questions without worrying about an invoice
- Gain valuable insights on your day to day accounting
- Empower growth-focused decision making
- Palmers walk with you every step of the way
Quick Queries
We want our clients to pick up the phone or send an email without worrying that the clock has started ticking.
At Palmers Accounting, we include complimentary quick queries within all of our service packages. If your question takes us less than 30 minutes to answer, there’s no additional charge.
We want our clients to pick up the phone or send an email without worrying that the clock has started ticking.
Speak to us about Family Investment Companies
Our property accounting specialists simplify finances, maximise tax efficiency, and help you achieve profitable growth. Get in touch for a no-obligation chat.
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