The audit trail behind wealth tax planning matters as much as the decision itself. Capital, liquidity and reputation are all exposed by weak handling of this part of financial and banking practice. Teams frequently over-invest in documenting the wider financial and banking practice agenda and under-invest in testing it. It is designed for mixed groups, so that wealth tax planning is examined from more than one functional angle. Work is grounded in real cases drawn from this area of financial and banking practice, which each participant adapts to conditions in their own organisation. It establishes a shared vocabulary for the financial and banking practice discipline so that teams can disagree productively about it. They leave able to brief senior management on wealth tax planning in terms that support a decision. Benchmarking exercises repeatedly place this part of financial and banking practice among the areas with the widest performance spread. Participants finish with a short, specific brief on the financial and banking practice discipline ready to put in front of a decision maker.
Expected Learning Outcomes
✓
Assign clear ownership for each element of wealth tax planning across the functions involved.
✓
Set early warning indicators that flag deterioration in wealth tax planning.
✓
Integrate wealth tax planning into existing management routines rather than running it separately.
✓
Build the control framework around wealth tax planning that an examiner would accept.
✓
Define the risk appetite applying to wealth tax planning and translate it into operating limits.
✓
Apply the relevant accounting and disclosure treatment to wealth tax planning.
✓
Estimate what wealth tax planning costs to run properly, and what is lost when it is not.
