Intergenerational Planning

Traditionally, wealth has passed from one generation to the next upon death. However, intergenerational wealth management challenges that notion and looks at how families can use their wealth more collaboratively to support each other during their lifetimes. Increasing life expectancy and major social change means many families need to reconsider how their wealth can work harder for the benefit of the whole family.

HomeOur ServicesIntergenerational Planning

Our Approach

Watch our brief video to discover our approach to maximising our clients finances and protecting their wealth for future generations.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

Thanks to better medical care and healthier lifestyles, we have the prospect of living longer. But while an increase in life expectancy may seem like good news on the face of it, it has to be recognised that there are a number of financial implications that go with it.

For example, the average cost in a residential care home in the UK is around £32,344 a year and with the average stay at about three years, the costs are substantial*.

The St. James’s Place Later Life Planning Scheme enables you to plan for IHT by providing monetary gifts to your loved ones and securing an income to help cover your long-term care costs.

We are committed to helping people meet their financial needs throughout their lifetime and long-term care planning is no exception. The St. James’s Place Later Life Planning Scheme gives peace of mind enabling you to plan your IHT exposure, make gifts to your heirs during your lifetime and secure a pre-set income should you need long term care in the future.

*Source: Laing & Buisson Report 2017/18

The value of an investment may fall as well as rise. You may get back less than the amount invested. If the “income” taken exceeds the growth on the Plan, the capital will be eroded.

Helping loved ones onto the property ladder.
The difficulties facing younger people in joining the ranks of homeownership are well-reported, with renting often now stretching well into one’s thirties or beyond. Consequently, an increasing number of parents and grandparents are stepping in to help children onto the housing ladder.

There are a number of ways to do this; gifting, loans and providing security to mortgage providers are all worth consideration, and many of these solutions have the dual-advantage of helping with effective estate planning. However, caution – and advice – needs to be taken when considering which option to take to ensure that no unexpected tax liabilities result from this act of generosity.

For more information, please request our Guide for First-Time Buyers and Intergenerational Mortgages brochure.

Your home may be repossessed if you do not keep up repayments on your mortgage.


Discover how we help families maximise their wealth across generations.


At McGarvey Jones Financial Planning we recognise that our clients are central to everything we do. We are committed to developing long-term relationships with our clients to help them build, preserve and protect their wealth.



If you have any questions or would like to know more about our services please do get in touch, our team will be happy to help.

Join our e-briefings service to get monthly insights and financial news straight to your inbox

Signup for E-Briefings
McGarvey Jones

The Partner Practice is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the Group's wealth management products and services, more details of which are set out on the Group's website The 'St. James's Place Partnership' and the titles 'Partner' and 'Partner Practice' are marketing terms used to describe St. James's Place representatives.

Copyright Richard McGarvey & Co Wealth Management Limited © 2022