Family Investment Company

Magginnis

I have been advised by my IFA to consider setting up a Family Investment Company. He has said this would save on IHT without giving up control of our assets (jointly held by my wife and myself). However, he has mentioned very hight setup charges.
If anyone has any experience of this setup, any advice would be much appreciated.
Thanks..

Brynsam

These aren't new. See https://www.saffery.com/news-and-events/publications/tax-factsheet-family-investment-company for a good summary.

Has he discussed whether this is definitely better for you/your family than a family trust? If not, ask him he hasn't covered the point - they are much cheaper to set up. Background info: https://www.familylaw.co.uk/news_and_comment/family-investment-companies-the-pros-and-cons

Aegis

They can work for IHT planning, but not in isolation. Generally you set one of these up for control rather than direct IHT benefit (at least by my understanding). Have you explored other IHT options and eliminated them before going down this route?