Charity, Trust and Corporate Accounts at Netwealth

Our accounts are open to a full range of entities including Discretionary Trusts, Personal Injury Trusts, Partnerships, Corporates and Charitable organisations.

The minimum amount to open a Netwealth Charity, Trust or Corporate account is £50,000.   

Yes, at the end of each tax year we will provide you with a fully comprehensive tax report to allow you or your accountant to complete your self-assessment tax return.  You can also request an ad hoc version at any time via our Tax Allowances and Services dashboard to monitor this during the year.

Similar to our standard account opening process you would design your investment online, selecting your investment goal and your risk level.  There is an additional application form that accompanies this which our client service team will pre-fill and send to you to complete and sign. This allows you to select the signatories and provide details of beneficiaries and other trustees/directors. To start designing a portfolio for your organisation, please follow the links to the Netwealth Modelling Tools and then select the link to set up a new charity, trust or corporate account.

Since 3 January 2018, all Trust and Corporates (except for Bare Trusts) require a Legal Entity Identifier for transaction reporting. If your entity does not have one already then this can be applied for at the London Stock Exchange for a cost of £90+VAT. We can do this on your behalf as part of the application process for no additional fee.

Yes, our advanced technology allows multiple authorised persons to be granted access to our Charity, Trust or Corporate accounts.

Yes, you can open personal accounts as well as an account for your Trust or Business.  These are kept separate and you can toggle between the two through our online interface. For example, other Trustees can have access to the Trust Netwealth account but will not be able to access your personal Netwealth account.

Yes, if for tax purposes the income from your Trust is designated differently, this can be segregated in a separate portfolio and either held in cash or withdrawn.  Please select this option on your application form.

If you have unrealised capital gains within your Trust’s General Investment Account, we may be able to harvest capital gains for you, that can be offset against your Trust’s tax-free allowance for the current tax year. This would involve selling assets in the Trust's Account that have increased in value to realise the gains. By switching the Trust into substitute assets that provide a similar market exposure, we would aim to retain the same asset allocation within the Trust's Account; then, at a later date, we would sell these substitute assets and return the Trust to the standard portfolio exposure.

Yes, you can open accounts in GBP, USD or EUR across all 7 of our risk levels.

You are free to withdraw from your Netwealth account at any time. Please contact us with the details of your one-off or regular withdrawal and we will set that up for you.  According to your set up, we will gain authorisation from the other signatories if required.