Switch location / audience type

This content is not available based on your location and audience type.

You currently have access to view the Uk website for Independent Financial Advisers (IFAs).

If this does not apply to you, go back to our homepage.

Select a location
Select an audience type

Let us know who you are so we can optimise your experience.

Please select your audience type

This includes trust companies, fiduciaries, insurance companies, Wealth Advisers and other professionals.

Important information

You are about to enter our website for professionals. If you would like to return to our main website, go back to our homepage.

Please read the terms and conditions before proceeding.

Please note these are subject to change at any time.

The information in this area of the website is aimed at financial advisers, corporate service providers, wealth advisers, and legal and accountancy professionals. It is not intended for direct use by private investors or onward distribution to retail clients or the general public. Please visit our homepage for information and resources for private clients.

The website is for information purposes only and is not to be construed as a solicitation or an offer to purchase or sell investments or related financial instruments.

I confirm that I am one of the categories of professional mentioned above, and that where applicable I am authorised and regulated by the Financial Conduct Authority or equivalent regulated body given my jurisdiction, location, and profession. I have read and understood the legal information and risk warnings.

By clicking the "Accept" button, you agree to abide by the terms and conditions listed below.

Skip to main content

Asset protection after a windfall: Tax planning to protect generational wealth

The Daily Telegraph – ‘Money Makeover’

Canaccord Genuity Wealth Management’s Head of Financial Planning, David Goodfellow, featured in The Telegraph’s ‘Money Makeover’, giving wealth planning advice to a reader who wants to make the most of his assets and ensure that his family reap the benefits of his profitable career in the long term.

Derek Jarman, 60, has a significant pension pot, a number of investments and – most significantly – is anticipating the upcoming sale of a large plot of land, worth approximately £1.6m. As he plans to take retirement in the near future, how can he go about protecting his assets as an inheritance for his grandchildren, while also ensuring he has enough to enjoy the retirement he has earned after a long career?

In his response, David outlines how Derek could invest in a balanced portfolio to maintain capital growth to sustain his lifestyle, while also suggesting a general ‘tidy-up’ of their finances, including amalgamating their shares into an ISA and paying off a residual minor debt. In terms of protecting his inheritance, he outlines how Derek could begin transferring wealth to his children and grandchildren through ISAs, as well as looking into inheritance tax planning in order to attract business relief.

Read David’s advice in full here:

Download article

Speak to one of our experts

If you would like to discuss how you can protect your wealth over the long term, please contact your Financial Planner, or get in touch to arrange a free, no-obligation consultation.

Get in touch

This is for illustrative purposes only and 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. Tax benefits depend upon the investor’s individual circumstances and investors should discuss their financial arrangements with their own tax adviser before investing. The levels and basis of taxation may be subject to change in the future.

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 information contained herein is based on materials and sources deemed to be reliable; however, Canaccord Genuity Wealth Management makes no representation or warranty, either express or implied, to the accuracy, completeness or reliability of this information.

Photo of David Goodfellow

David Goodfellow

Head of UK Financial Planning

David specialises in financial planning and tax driven investment planning. He has over 15 years' experience in advising on and investing in VCTs, EISs and tax driven property structures, and is part of the CGWM Advice and Solutions Committee. He is a member of the Personal Finance Society and The Chartered Insurance Institute.

44 (0)20 7523 4738

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.