Private client services

MG Group is regulated by the Institute of Chartered Accountants in England & Wales (ICAEW) to provide investment advice to our clients. We are able to provide general and broad investment advice in relation to our clients' affairs, taking into account the general accounting and taxation implications.

Under our Designated Professional Body (DPB) regulated status with the ICAEW we cannot provide bespoke advice on specific investment/pension products. We work with a number of respected investment/pension firms who are regulated by the Financial Conduct Authority (FCA).

We would be delighted to work with our clients regarding their investment and wealth management activities, and will always ensure that we do so in a structured and long term way with our preferred business partners.

MG Group has built up a selection of key partners to work with in relation to financial services. We work with established wealth management companies, pension companies and investment advisers. We will always ensure that our advice and guidance fits in to the specific requirements of our clients.

Our aim is to ensure that any advice and guidance is provided with a long term view in mind. We want to ensure that our clients are delighted with our services (and the services of our partner firms) in the long term, and this means that we need to fully understand your motivations and requirements in order to provide the highest quality of service.

Our dedicated in-house personal tax specialist manages accounting and taxation requirements for trusts and estates, providing a smooth and efficient service.

We are, of course, happy to work with personal representatives or solicitors who are dealing the estate of a deceased, and can assist with the Estate tax returns (SA900) as well as the personal tax returns that will need to be completed by the beneficiaries.

A natural progression from this work is our in-house probate service.

Please contact us for further information and guidance on the services that we provide, and please refer to the attached document for some common areas in which we assist our clients with respect to income tax in relation to estates.

We were licensed in 2014 by the Institute of Chartered Accountants in England and Wales (ICAEW) to undertake non-contentious probate work and this specialism has proved to be the perfect complement to the other Private Client Services.

We have assembled a team of talented and qualified practitioners to work with their clients to administer this service, under the guidance of the Managing Director, Gavin Fernandes, ACA, CTA.

One of the major benefits for an Executor appointed to administer the estate of an existing client is that MG Group, already a trusted adviser, will be familiar with the assets of the deceased and so processing the application through to Grant of Probate will prove simpler and quicker at this stressful time.

Over many years, we at MG have formed strong business relationships with solicitors in complementary areas of tax legislation.  This has always worked exceptionally well as we are efficient in the provision of taxation advice and you are, of course, experts in the law.

We therefore invite you to contact us for assistance with taxation matters.  One new area that you are likely to be asked about is in respect to the new legislation on payment of Capital Gains Tax.  The new regime requires the liability to be discharged within 30 days of disposal of the property asset.  These new rules come into effect from April 2020 for UK resident individuals. If you would like to learn more about these new rules and how we can help you, please do get in touch.

Please contact Gavin Fernandes using the following contact details or your usual MG Group contact:
Email: gavin.fernandes@mggroup.co.uk
T:         020 3226 0940

We provide a wide range of taxation services to our private clients, including compliance work such as completion of personal tax returns and completing trust tax returns. In addition, we also assist clients with the completion of estate tax returns, and also complete estate accounts for our clients.

We are delighted to provide a proactive tax planning service to our private clients, including regular review of potential taxation implications, and the likely tax implications of investment purchase/disposal decisions. We work closely with wealth advisers to ensure that the tax and accounting angles are considered for our clients.

Please do not hesitate to contact us if you have any questions regarding our services in this area.