The past year has been ‘exceptionally busy’ for Hender; but the head of Saffery Champness’ private wealth practice, who has served the Square Mile for over two decades, has offered some relief to clients disentangling themselves from avoidance ‘schemes’. ‘It’s about working out what the “least bad” option is — there’s often not a good option,’ he says. ‘They feel helpless, and that’s very sad to see.’
Hender is also concerned about tax-compliant clients who might fall under scrutiny with legitimate offshore structures and warns them to make sure that the information given to local financial providers is accurate.
As Brexit looms he remains optimistic, while preparing clients for a number of possible outcomes. ‘In any crisis, there will be an opportunity,’ he says.