Generally speaking, the economy has been kind to those born in the years immediately after the Second World War, and in the 1950s, but less so to other generations, especially those born in the 1980s and 1990s, many of whom find it harder to get jobs and to gain a footing on the property ladder. Consequently, many parents are having to support their children financially well into their adult lives.

While our children may be struggling with their finances, our parents are typically living longer. This has led to an increase in the need for residential and nursing care, which is likely to be financed from accumulated savings, the sale of property, or with support from close relatives.

With the right advice, transferring wealth to others in your family can be extremely rewarding, offering simple ways to reduce or eliminate a future Inheritance Tax liability.

At SeventySeven Wealth Management we provide the expert advice and the solutions that enable families to work collaboratively to support each other across the generations. Whether you would like to help your children on to the housing ladder, contribute to a grandchild’s education or wedding, or help your parents with later-life planning, careful consideration can ensure your wealth works harder for all your family without putting your own security and retirement at risk.