Personalise your succession plan
Creating a succession plan allows you to clarify how you want your financial and business responsibilities to be transferred. At Nedbank Private Wealth, we help you develop a plan that considers your family dynamics and individual goals, ensuring your wealth strategy serves the best interests of your family.
BUSINESS CONTINUITY PLANS
Planning leadership transitions for continued business success
Navigating leadership transitions can be challenging for less experienced successors, but forward planning can help to ensure they are prepared before they officially take on leadership. Having a transition timeline with defined roles will help to ensure stability, maintain performance and secure long-term business success.
By identifying successors in advance of leadership handovers, they can spend time establishing a deeper understanding of their future role and when it is time to step up, there will be less disruption to operations due to a smooth transition.
Get in touch today
Find out how we can help you. Call +44 (0)1624 645000 or email [email protected]
EFFECTIVE SUCCESSION PLANNING STRATEGIES
Explore strategies for managing wealth transfer, protecting assets, and ensuring a successful succession plan
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Tax efficient succession planning
Succession planning helps to protect assets by transferring wealth in a structured and controlled approach. Options for protecting assets include legal and financial planning tools such as trusts, Family Investment Companies and business ownership structures that help to minimise tax liabilities during the transition.
The purpose of succession planning is to establish a smooth leadership transfer, while managing tax liabilities within the relevant laws.
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Protecting your assets
When wealth and assets are transferred, succession planning helps to safeguard wealth from tax exposure and avoid potential disputes between family members or parties involved in your business. It also can help to prepare the next leaders so that your business is not at risk of poor management.
Trusts, wills and ownership planning structures can secure assets, preserving value for the intended beneficiaries over the long term.
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Tax efficient succession planning
Succession planning helps to protect assets by transferring wealth in a structured and controlled approach. Options for protecting assets include legal and financial planning tools such as trusts, Family Investment Companies and business ownership structures that help to minimise tax liabilities during the transition.
The purpose of succession planning is to establish a smooth leadership transfer, while managing tax liabilities within the relevant laws.
-
Protecting your assets
When wealth and assets are transferred, succession planning helps to safeguard wealth from tax exposure and avoid potential disputes between family members or parties involved in your business. It also can help to prepare the next leaders so that your business is not at risk of poor management.
Trusts, wills and ownership planning structures can secure assets, preserving value for the intended beneficiaries over the long term.
EXISTING SECTION MANAGING INHERITANCE TAX
The value of cashflow planning
By using cashflow modelling our wealth planners can advise on strategies and techniques that can reduce the size of your estate, which may be beneficial for UK inheritance tax purposes.
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The benefits of estate planning
Estate planning helps to organise your financial affairs to ensure your wealth is managed, distributed and transferred according to your wishes when you die.
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Estimating future tax liability
Using analysis tools, we can help anticipate the amount of inheritance tax you may be liable to pay, and we can work with you on options to mitigate these liabilities.
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Enjoying your wealth more while you can
You can’t take it with you when you go, so we’ll explore ways you can afford to enjoy your money while you still can.
Frequently asked questions
Nedbank Private Wealth
Why is succession planning necessary?
What is a wealth plan?
What are the benefits of cashflow planning services?
Why is succession planning important for business owners?
LIFETIME GIFTING
A simple way to reduce the size of your estate
Among other benefits, gifting can be a way to reduce your estate during your lifetime, which could be advantageous for UK inheritance tax purposes. But there are a number of rules that apply.
There are also several allowances, such as gifting to loved ones or charity. However, these can be quite complex. Our wealth planners can help work through what may be best for your circumstances.
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BUSINESS EXIT STRATEGIES
Exit strategies to maximise business value
Succession planning also involves developing business exit strategies that will maximise the value of the business before the exit. Our team at Nedbank Private Wealth works with you to set clear targets around your exit strategy, including the timeline and the type of exit plan such as sale, succession or merger. A business exit strategy is typically used when owners want to retire, switch their business interests or pass the business onto family members.
By developing a comprehensive strategy, you can achieve a smooth exit and maximise business value.
Related case studies
Read about more clients we have helped
We have helped countless high-net-worth clients with their financial needs – some straightforward, some complex. Our bespoke approach, where we really get to know our clients, allows us to offer solutions that other wealth planners and private banks aren’t able to.
Finding stability and confidence during divorce
Set for retirement
Start planning early
Get in touch today
Find out how we can help you. Call +44 (0)1624 645000 or email [email protected]
OUR TEAM
Meet our team of dedicated professionals
Our experienced teams are highly skilled and will help to understand your needs, giving you access to proactive help and efficiency through a single point of contact.
Find out more about our teams in the UK, Isle of Man, Jersey and Dubai here
Frequently asked questions