May 03, 2023
To safeguard your wealth and effectively manage your assets, it is crucial for high-net-worth individuals to seek out expert advice from a professional accountant with a specialisation in wealth management. The exact definition of what constitutes a high net worth individual in the UK varies depending on the organization. For instance, HMRC considers anyone with assets exceeding £2 million or income of £200,000 or more as a high net worth individual, whereas the Financial Conduct Authority (FCA) defines it as individuals with a net worth of over £3 million or earning more than £300,000 per annum. At Doshi accountants, we consider anyone with a six-figure income or over £1 million in disposable wealth as high net worth individuals for tax planning purposes.
Having Your Own Personal Tax Manager
In order to maximize the potential of your wealth and safeguard your assets, it is essential to have access to expert accounting services that are tailored to your specific needs. For individuals with a high net worth, this requires a personalized and proactive approach that is focused on delivering the best possible outcomes.
How Our Accounting Services Can Benefit You
Our accounting services are tailored to your individual needs and preferences. We work closely with you to understand your financial goals and devise a plan that best fits your requirements. While we provide a comprehensive suite of accounting services, for our high net worth clients, we typically focus on the following areas.
- Tax planning
- Estate planning
- Trusts and Executorships
- Capital Gains Tax
- Inheritance Tax
- Family business accounting
Our tax managers are dedicated to providing you with the support and guidance you need to make informed financial decisions. We work in partnership with you to understand your specific requirements and recommend the accounting services that would help you achieve your goals.
How does the process work?
At our firm, we believe in making the process of working with a personal tax manager as simple and hassle-free as possible. Here's a breakdown of the three easy steps you'll need to take to get started.
Step 1: Gather Relevant Information The first step is to gather any relevant information that you think will be useful to us in understanding your personal tax planning and wealth management needs. This could include details of your income, assets, investments, and any relevant financial documents.
Step 2: Contact us for a Free Consultation once you have your information ready, you can contact us for a free consultation with one of our senior accountants. During this consultation, we'll discuss your requirements in detail and explain how our services can benefit you. We'll also answer any questions you may have and provide you with a clear understanding of what you can expect from working with us.
Step 3: Sign On as a Client If you're happy with what you've heard during the consultation, all that's left for you to do is sign on as a client. Once you've done this, your personal tax manager will take care of everything else. They'll work closely with you to develop a personalised tax and wealth management plan that aligns with your financial goals, and provide ongoing support and guidance to help you achieve them.
Don't miss out on this opportunity to take your financial planning to the next level. Request for your convenient time for free consultation today and take the first step towards achieving your financial goals. Contact us now!