Needing a Trust alternative Since 2006 Trusts have become less attractive as a structure for managing family wealth due to increasing restrictions and greater regulations. The wealth management market started searching for an alternative that could offer the wealth protection that used to make Trusts so appealing but with greater tax efficiencies. Along came the …
Trusts are a popular vehicle for protecting wealth or reducing tax liabilities, but it cannot be denied that the number of trusts in existence seem to be in decline. In 2005 there were over 220,000 trusts that submitted Self-Assessment forms, which was 70,000 more than in the latest Government figures from 2019 Trusts statistics October …
Trusts have long been used for tax planning, but while in the past they may have been reserved for the wealthy; Trusts are now more commonplace for a much wider range of clients. Many practitioners predicted the death of the Trust after the new Finance Act 2006 come into effect, and while the number of …
Do you believe in curses? From folklore to Hollywood blockbusters, there is no shortage of stories about supernatural forces. I, for one, have always been enthralled by the supernatural, my favourite book as a young teen was about unexplained phenomena. With a rather ominous looking skull on the front cover, I was fascinated by the …
thewealthworks are returning as a 2019 sponsor of the STEP UK Tax, Trusts and Estates Conference at the QEII Centre in London on 27 November. We are very excited to be sponsoring the annual STEP conference again. As always STEP have a panel of leading experts including the renowned Prof. Lesley King TEP who will …
Wealth Managers Making Tax Digital (MTD) for VAT WealthWorks+ has received HMRC recognition as a VAT compatible software provider. Tax recording for UK entities is changing as part of the Making Tax Digital initiative. Digital tax recording and submission is now essential to help wealth managers meet their MTD obligations. Wealth managers, whose clients and …
Our brand new platform for wealth management professionals was launched in Jersey on 6 November. Built using the latest responsive web technology, WealthWorks+, is a global wealth management solution for accounting, compliance and administration of trusts, funds, partnerships, companies, foundations, estates and deputyships. We have been developing our Troika brand since 1995 and have a …
Channel Islands launch of new global wealth management software Read More »
With the launch of our new wealth management platform, WealthWorks+, we are very excited to be hosting two events in the Channel Islands. The events are open to any professionals working in the trust and wealth management market and will offer an exclusive first look at our new system. WealthWorks+ is built using the latest …
thewealthworks is proud to be an official sponsor to the Law Society’s Private Client Section Conference on 29 June in London. The annual event will provide specialist content and a range of expert speakers sharing their expertise on a wide span of topics critical to private client practitioners. These will include capital tax planning, elder …
We are delighted to announce that one of the UK’s brightest legal minds, private client barrister Edward Hewitt, has agreed to be the guest speaker at our forthcoming User Group. Legal Leader Barrister Edward Hewitt has a broad Chancery practice based at Lincoln’s Inn. His primary focus is private client work and he predominantly acts …
Leading Private Client Barrister to Address Troika User Group Read More »
