Barclays

Wealth management, trusts and asset protection

Who can benefit from wealth management?

You could benefit from wealth management if you:

• Live in the UK
• Work, live or want to retire outside the UK
• Want to invest outside your home country.

The benefits of wealth management

The benefits of wealth management include:

• Managing your assets and investments. Have a fully managed investment service or run your own investment portfolio using an execution-only service.
• Protecting your assets. Develop a degree of protection for your assets against dissipation, divorce, litigation and third-party claims.
• Passing on ownership. Structure the ownership of assets for generations to come, and avoid probate.
• Tax planning. Prepare your assets and investments so that they form part of your tax planning provisions.
• Retirement planning. Organise and manage your pensions and other retirement provisions.
• Discretion. Place and manage your assets while maintaining privacy.

Assets and investments

We can make the management of your assets simple and effective. We will implement the allocation of your assets in such a way that they match your appetite for risk and your financial goals.

We manage client assets worth £153.5 billion worldwide and Barclays has over 300 years' experience in investing.

If you prefer you can research, select, buy and sell the assets yourself using our execution-only trading service.

Trusts

A trust works by making the legal owner distinct from the beneficial owner of the assets held within the trust.

The potential benefits of a trust

We can help you set up a trust for a number of reasons including:

• Transfer to heirs. You can pass assets on in a more tax-efficient way than by making a gift outright. This can help to optimise the recipients tax position, and help avoid probate.
• Estate planning. We can work closely with your tax and legal advisers to optimise the structure of your assets and investments.
• Security. You can move assets to an environment that you perceive to be more economically or politically stable.
• Tax planning. As well as the benefits created by separating the legal and beneficial ownership, a trust can be set up in an offshore jurisdiction as part of your tax planning strategy.

The two main types of trust

• Full discretionary trust (FDT). As an FDT trustee, you have wide powers over how the fund will be invested and distributed.
• Partial discretionary trust (PDT). With a PDT you can invest in a wider range of investments because you retain investment control.

When setting up a trust you need to be aware that most discretionary trusts are irrevocable. That is, they cannot be modified or terminated without the consent of the beneficiary.

Barclays International does not advise on taxation. However, we can introduce clients to our preferred tax specialists, Ernst and Young, one of the world's largest providers of tax services.

Pensions and retirement

Part of the process of wealth planning can be to help organise and manage your retirement provisions. At Barclays International we evaluate your circumstances, retirement goals and living costs.

We can manage your retirement savings while making use of tax planning opportunities.

International tax planning

We can help you with tax planning issues including:

• Determination of your residence and domicile status
• Structuring of non-UK investments and banking arrangements to help with tax planning
• Tax treaty claims
• Tax and compensation planning for temporary or permanent relocation.

In all of these we would work closely with your professional tax adviser.

More information or to apply

If you are not a Barclays International client, and would like to apply for our products and services, you will first need to select from a choice of service solutions.

To qualify you must deposit and maintain a balance of £5,000 or more (or currency equivalent) in cash or investments across your Barclays international banking accounts.

Call us on +44 (0)1624 684 316†.

Relationship Manager Service

To qualify you must deposit and maintain a balance of £50,000 or more (or currency equivalent) in cash or investments with us; or, if you have come to live in or are moving to the UK, deposit an annual individual gross income of £150,000 or more (or currency equivalent) into Barclays international bank accounts.