Wealth Management

Tax Planning

Tax planning is a key aspect in creating and preserving wealth.  Throughout a career, income may be derived from a number of sources, different activities and even various countries.  It is, therefore, essential that professional advice is sought in order to determine how best to structure all these elements. 

Herald has been involved for a number of years in helping to establish tax solutions for both non-UK domiciled and resident, and UK resident and domiciled, individuals.  It works with tax specialists in the areas of sport, the media and entertainment to ensure your needs are met in the ever increasingly important area of tax planning.

Financial Planning

Having striven to achieve your position in your chosen profession, and its hard-earned rewards, sound advice is needed to ensure that these rewards are retained and maximised. The professional life of a sportsperson or entertainer can be comparatively short, and at times unpredictable, and therefore it is vital that the right financial advice is obtained.  Herald can help in ensuring that you have the right platform to ensure your financial aspirations are properly addressed.

Both Jersey and Guernsey have provisions in their legislation and income tax codes that allow pension schemes to be established for non-residents of the Channel Islands.  These provisions are flexible and are particularly attractive for those in the fields of sport and entertainment as they allow for early retirement.

For a UK resident planning to leave the UK any accrued pension benefits can now be transferred into an overseas international pension plan which is registered with HM Revenue & Customs as a Qualifying Recognised Overseas Pension Scheme (QROPS). The favoured destination of Herald is Guernsey in respect of the establishment of a QROPS.

Herald works closely with leading financial institutions in the provision of international pension solutions for its clients.