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Independent financial advice on passing on wealth

Passing on your wealth to loved ones can be an intricate but ultimately rewarding endeavour. Our independent Wealth Planners can iron out the complexities for you and devise a comprehensive wealth strategy to make sure you leave more of your wealth to your loved ones (not the tax man) and your wishes are honoured without unnecessary expense or delay. This is where we can help - book a free consultation below. 


Request a callback

To discuss how to pass on your wealth, book a complimentary, no-obligation consultation.

Request a callback

Passing on wealth

Click here to listen to Hayley Hamer, one of our Financial Planners, as she talks through everything you need to consider when passing on your wealth.

Watch the video

Frequently asked questions about passing on your wealth 

Our short video series answers some of the most frequently asked questions about passing on wealth: 

  • How can I pass on wealth to my heirs? 
  • How can we help you pass on your wealth? 
  • What should I think about when planning to transfer my wealth? 
  • How can I ensure my wealth is passed on tax-efficiently? 
  • Can I pass on any unused pension funds? 

How to pass wealth to your heirs

The simplest way to pass your wealth to your heirs is to speak to a Wealth Planner who will help you prepare for every eventuality and advise you on the actions you can take to ensure your wealth is transferred in the most efficient and appropriate way. For example:

  • Making a will - without one, your estate will be shared according to a set of rules which may differ greatly from your wishes and could devastate those you leave behind
  • Gifting from any excess income you have during your lifetime – while this can be an effective strategy, there are many important considerations to ensure the gifts stay exempt from tax
  • Investing tax efficiently - investment assets that benefit from Business Relief (BR) are exempt from inheritance tax; however, they are typically high risk so may not suit everyone
  • Using trusts - a trust structure could help with private education costs or future property purchases. 

Gifting wealth during your lifetime

If your Financial Planner recommends gifting wealth or assets to your loved ones as a suitable strategy, it’s helpful to start sooner rather than later, as the inheritance clock starts ticking as soon as the gift is given.

Usually, seven years must pass before your gift is 100% inheritance tax free. Should you die before this, the person who received the gift may owe inheritance tax. Gifting wealth earlier also has the added benefit of seeing those you love enjoy what you have given them.

There are many different ways of gifting wealth, however, there are lots of rules and often the amount you can give without incurring inheritance tax is capped.

Before gifting any money, we recommend completing a cashflow modelling exercise with your personal Financial Planner to check how much you can afford to give.

Our inheritance tax planning service can also help you decide when and how to gift your money.


Passing on your pension wealth

Pensions are generally outside the scope of inheritance tax in the UK, so, any remaining pension funds will pass to your nominated beneficiaries when you die. As such, we would typically recommend that pension benefits are gifted after assets which are liable for inheritance tax.

If you die before the age of 75, lump sum payments from your pension will usually be paid to a nominated beneficiary free of inheritance and income tax.

If you die after 75, your beneficiary will still receive the proceeds of your pension fund free of inheritance tax, but they would have to pay income tax at their marginal rate on any withdrawals.

As retirement planning and pension experts we will always check the most up-to-date rules and regulations around passing on your pension and advise you accordingly.

Passing on wealth – how can we help you?

While passing on wealth can be rewarding, you might also find it complex. Our personal Wealth Managers have the expertise and importantly, the independence to advise you on the best way forward.

Your dedicated personal Wealth Planner can:

  • Review your current financial situation and help you decide the best way to pass on wealth
  • Take you through a cash flow planning exercise and let you know how much you can afford to give
  • Consider the rules and amounts you can give with regards to inheritance tax
  • If you decide you want to invest your legacy, they can build a diversified investment portfolio suited to the needs of your loved ones
  • Review your plans on a regular basis and make adjustments as and when they are needed.


Request a callback

To discuss how to pass on your wealth, book a complimentary, no-obligation consultation.

Request a callback

Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.

The tax treatment of all investments depends upon individual circumstances and the levels and basis of taxation may change in the future. Investors should discuss their financial arrangements with their own tax adviser before investing.

The tax treatments set out in this communication are based on our current understanding of UK legislation. It is a broad summary and cannot cover every circumstance and it does not constitute advice.

The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity.


Our specialist wealth planning solutions

Retirement planning for high income earners

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Inheritance tax services

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Long-term care planning

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Services for business owners

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Comprehensive wealth planning

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Wealth management explained

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Keeping you informed

All change for our government… but no change for UK asset markets?

In a year when many big countries go to the polls to vote, will the upcoming UK general election have much of an impact on markets?

Read more
Why cash flow planning is not just for business

As a business owner, you’ll be familiar with cash flow to establish and maintain the health of your business, but how do you assess the wellbeing of your personal wealth? Discover how cash flow modelling can maximise the personal financial benefits of exiting your business and help you achieve your goals.

Read more

Wealth management updates

See all blog posts



Meet some of our wealth planning experts

If you would like to know more about how our independent wealth planners can help you pass on your wealth, please get in touch. We will be delighted to provide more details of our services.

Photo of Harry Plunkett

Harry Plunkett

Wealth Adviser

I am a holistic financial planner passionate about helping my clients by providing clear and concise advice, with a particular focus on helping clients who are experiencing or expecting significant changes to their circumstances. This includes divorce, bereavement, retirement, or the sale of a business. By understanding what truly matters to my clients, I am able to produce a financial plan that provides peace of mind regarding their financial affairs. I joined Canaccord’s Worcester office in November 2021 but look after clients across a wide geographic area.

Photo of David Goodfellow

David Goodfellow

Head of UK Financial Planning

I started my financial career as a trainee Chartered Accountant on Black Monday in 1987 and moved to the world of private client financial planning in 1990. I was an advisor for Watson Wyatt and then Hill Martin before moving to Eden Financial to start their Financial Advisers business. The Company acquired Eden Financial in 2012, and I subsequently became Head of Wealth Planning in 2015.

I specialise in both financial planning and tax driven investment planning, including advising on VCTs, EISs and investments attracting Business Relief for IHT purposes. I am a member of the Personal Finance Society and the CISI.

I have been involved in a number Wealth Planning acquisitions the company has made over the past few years and have seen our adviser team grow from approximately ten in 2019, to nearly 50 in 2023. Retaining a strong culture within the firm and ensuring our clients receive consistently high-quality advice and solutions is largely to thank for this expansion.



Book a free retirement planning consultation


Typically, we provide financial advice to clients with assets over £250,000. Please note, we do not offer a one-off share sale service below these amounts.

If you are interested in career opportunities at Canaccord Genuity Wealth Management, then please do not use this form to get in touch. Instead, please head over to our careers page to find out more.

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What happens next?

1. Arranging an initial consultation

First you can expect to receive an email from our team within 48 hours to find a suitable time that works for you, to arrange a voice or video call for an initial consultation.

2. Your consultation 

During this consultation, a member of the team will discuss your situation with you to understand your requirements and answer any questions you might have about Canaccord Genuity Wealth Management and the services that we provide.

3. Referral to a Wealth Planner or Investment Manager

If you decide to progress with us, you will be referred to one of our Wealth Planners or Investment Managers to discuss your situation and requirements in more detail. They will then design a bespoke proposal detailing a unique investment portfolio that matches your individual requirements and attitude to risk, to meet you and your family’s needs.

4. Working with you long-term

With our wealth planning and investment management professionals, your wealth is in expert hands. Our mission is simple - to help you build your wealth with confidence. We will always keep you informed about your investment portfolio and performance and will continue to work with you to build our relationship on your terms. We can meet with you face-to-face, by phone or by email, whichever is more convenient for you. You can also access your account online at any time through our app. Our wealth management professionals are always readily available to speak with you.


Investment involves risk and you may not get back what you invest. It’s not suitable for everyone.

Investment involves risk and is not suitable for everyone.