Securing your legacy and your livelihood shouldn't be left to chance – Protection Planning acts as a financial life jacket, ensuring that if life throws a curveball, your family’s lifestyle and your business’s continuity remain fully intact.
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Chartered Financial Planners
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Chartered Financial Planning Firm of the Year
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Protection planning is a strategic audit of the risks facing your personal and professional life. The process involves selecting specific insurance structures and – where appropriate – placing them in Trust to ensure tax efficiency and immediate liquidity.
This process includes:
Proactive protection planning is essential for anyone whose family or business relies on their ability to generate income. It is typically suitable for those who:
“If you want to know how to make the most of the money and assets that you have at your disposal, then First Wealth are brilliant.”
Imogen Landy
Read Imogen’s case studyOur goal is to build a circle of safety around your wealth through meticulous risk management. By aligning your personal and business coverage with your broader financial goals, we ensure your plan remains resilient.
We stress-test your financial plan to identify blind spots where a worst-case scenario would derail your long-term goals. Using cashflow modelling, we calculate the exact cover required to maintain your family’s lifestyle or business continuity.
We prioritize business-relevant policies where premiums can be treated as a tax-deductible expense. By writing policies into Trust, we ensure payouts fall outside your estate for Inheritance Tax purposes, providing immediate liquidity.
For entrepreneurs, we coordinate with legal experts to align protection with shareholder agreements. We implement arrangements that provide surviving partners with the capital to maintain control while ensuring a departing partner’s family receives fair value immediately.
Your first meeting is all about you. Together, we’ll look at where you are now, where you want to be, and how to shape a clear plan to get you there. During your initial session, we’ll help you:
Understand what matters most to you and your life goals
Explore the opportunities and challenges in front of you
Explain how we would structure your personal wealth and protection plan
We’re here to help you – no pressure, no jargon
We’re trusted by more than 700 families and have a 5.0 rating on Google from 134 reviews.
If something’s still unclear, just send us a message — we’re happy to help anytime
Ask a questionThere is no one-size-fits-all answer. We use sophisticated cashflow modelling to calculate your specific number – the exact amount of capital required to maintain your family’s current lifestyle or ensure your business remains solvent if a key individual is lost. This ensures you are not under-insured or paying for redundant cover.
A standard personal life policy is paid from your post-tax income. A Relevant Life policy is an alternative for directors and employees where the company owns the policy and pays the premiums as a tax-deductible business expense. In the event of a claim, the benefit is paid tax-free to your family, making it a significantly more tax-efficient way to provide personal cover.
Without a legal agreement and the funds to back it, a deceased partner’s shares could pass to their family members who may have no interest or experience in running the business. Shareholder Protection provides the remaining directors with the immediate cash needed to buy those shares back, ensuring the business stays in the right hands while providing the family with fair value.
A Key Person is anyone whose sudden absence would cause a significant financial hit, such as a top salesperson, technical expert, or founder. This insurance provides a lump sum to your business to cover lost profits, recruit a high-calibre replacement, or repay business loans that may be called in following the loss of a director.
Placing a policy in Trust is one of the most effective ways to protect your wealth. It ensures the payout is not considered part of your estate for Inheritance Tax purposes, potentially saving 40% in tax. Crucially, it also allows the money to be paid out immediately to your beneficiaries, bypassing the often lengthy and complex probate process.
Yes, and we recommend doing so regularly. As your business grows or your family circumstances change (such as a new mortgage or the birth of a child), your original cover may no longer be fit for purpose. We can audit your current policies to ensure they are still competitive and correctly structured to meet your current goals.
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