How TrinityBridge helps businesses navigate change with confidence
'I'm proud to be able to provide holistic financial planning and investment management services to clients and their families,' Bruce explains.
'My particular specialty is advising business owners in the run-up to an exit and helping them manage their finances after a business sale.'
This tailored approach is especially critical in today's volatile financial climate. Recent changes proposed in the UK's Autumn Budget last year – particularly around Inheritance Tax (IHT), pensions, and family businesses – have added complexity to the wealth management landscape.
Bruce notes: 'We have seen significant fiscal and economic upheaval before and my experience of advising clients through such troubled times allows me to help clients address the issues and concerns affecting them today'
'A significant amount of my work at the moment is centred around Inheritance Tax planning,' Bruce notes. 'The challenges presented by the proposed IHT changes are shared by a number of my clients and go beyond tax planning, to wider family succession issues. Given this added complexity, my focus is to deliver proven wealth management solutions that are tailored to individual clients and are designed to safeguard assets across generations.'
(Image: TrinityBridge's Bruce Saunderson is celebrating his 30th year working in Glasgow)
At TrinityBridge, the strategy is about combining time-tested solutions with a deep understanding of each client's unique circumstances. 'We work closely with our in-house investment specialist team to provide advice based on the specific needs, concerns, and objectives of our clients,' Bruce says.
'Having worked in professional practice for most of my career, I understand the importance and value that collaborating with clients' tax, legal and other professional advisers adds.'
This collaborative mindset is essential as shifts in financial legislation as well as geopolitical events can occur rapidly. 'Close coordination between financial planners and investment managers is vital to optimise clients' finances' Bruce emphasizes. 'We aim to take an integrated approach - everyone's financial situation and aspirations are different, so it's important to have a financial planner who understands these bespoke needs.'
Though TrinityBridge may be a new name, the firm's roots in Scotland – and Bruce's in Glasgow – run deep. 'I joined TrinityBridge in 2017. Glasgow has been my home for nearly 30 years, since graduating from Edinburgh University with a joint degree in Law and Accountancy.'
Bruce's career has spanned boutique firms and legal and Big Four giants, giving him a distinctively broad perspective. 'As a company, we are able to offer a great mix of expertise to clients – having a wide-reaching talent pool across the UK to draw from, paired with the ability to engage in local one-on-one relationships thanks to our regional footprint.'
Looking ahead, Bruce sees the firm's new name as a natural evolution.
'It's just another step on our journey,' he says.
'We have to the platform to continue to show clients that we are a great avenue to achieving their financial goals – not just for themselves, but for their families for years to come.'
As for personal milestones, there's one more on the horizon: 'I need to think about how I'm going to celebrate my 30th year of living in Glasgow,' Bruce laughs. With a legacy of trust and a future-focused mindset, TrinityBridge is not just managing wealth – it aims to shape financial legacies.
■ Please be aware that no investment, or investment strategy, is without risk. The value of investments can fall as well as rise and you may get back less than you invested
www.trinitybridge.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South Wales Argus
2 hours ago
- South Wales Argus
HMRC to tax pensions of workers who die before pension age
As part of last year's budget, it was announced that from April 2027, inheritance tax will be charged on pension pots for the first time. But, it wasn't clear if this would include the pensions of people who die before they turn 55 - the earliest date that they could have access their pension. HMRC has now confirmed that death duties will still be charged even if the worker died before they could spend any of their retirement savings. Under current rules that would mean pensions would be taxed at up to 40% if they are part of an estate that exceeds the inheritance tax threshold - currently £325,000. But, as Martin Lewis explained in a video, posted on his Twitter feed, Inheritance Tax is paid by relatively few people: "This is a tax there are so many misunderstandings about. Most people, when they die, their estates will not pay inheritance tax. This is primarily a tax that only affects the most affluent households." Near retirement? There's a huge tax trap to avoid when withdrawing from a pension. This is my simple video analogy but always get 1-on-1 free guidance from PensionWise first. This is just a titbit, watch my full Pension special on: — Martin Lewis (@MartinSLewis) January 29, 2025 And Paul Barham, Tax Partner at Forvis Mazars says that many are using the allowances up until any rule changes to Inheritance Tax (IHT) occur: "Pensions can be a valuable tool when passing down wealth because they sit outside your estate for IHT purposes and as of April 2023, the lifetime allowance has been removed, so there is no limit on how much you can save over your lifetime. "If you have assets inside and out of a pension plan, you'll want to consider when to draw down from your pension and whether to also consider using non-pension assets to meet the full cost of everyday life." He adds: "Inheritance planning is notoriously complex. But there are advantages to starting earlier than you think is necessary. Seek the support of an adviser that you trust and one that you think will have your best interests at heart. While no one really wants to think about the need to pass on wealth, it can be of great benefit to your loved ones to get plans in place early." Recommended reading: Any changes - even if they only hit the wealthiest taxpayers - have not been popular with the Conservatives. Speaking to reporters on the Isle of Wight, leader Kemi Badenoch said: 'Unemployment is up, growth is down, inflation is up, cost of living is putting a real squeeze on people's pockets. 'And it's because of Rachel Reeves's budget last year. I'm very worried about what's going to come in the next budget. 'We're seeing tax rises, even taxes on pensions, as potential solutions'
Glasgow Times
4 hours ago
- Glasgow Times
HMRC to tax pensions of workers who die before pension age
As part of last year's budget, it was announced that from April 2027, inheritance tax will be charged on pension pots for the first time. But, it wasn't clear if this would include the pensions of people who die before they turn 55 - the earliest date that they could have access their pension. HMRC has now confirmed that death duties will still be charged even if the worker died before they could spend any of their retirement savings. Under current rules that would mean pensions would be taxed at up to 40% if they are part of an estate that exceeds the inheritance tax threshold - currently £325,000. But, as Martin Lewis explained in a video, posted on his Twitter feed, Inheritance Tax is paid by relatively few people: "This is a tax there are so many misunderstandings about. Most people, when they die, their estates will not pay inheritance tax. This is primarily a tax that only affects the most affluent households." Near retirement? There's a huge tax trap to avoid when withdrawing from a pension. This is my simple video analogy but always get 1-on-1 free guidance from PensionWise first. This is just a titbit, watch my full Pension special on: — Martin Lewis (@MartinSLewis) January 29, 2025 And Paul Barham, Tax Partner at Forvis Mazars says that many are using the allowances up until any rule changes to Inheritance Tax (IHT) occur: "Pensions can be a valuable tool when passing down wealth because they sit outside your estate for IHT purposes and as of April 2023, the lifetime allowance has been removed, so there is no limit on how much you can save over your lifetime. "If you have assets inside and out of a pension plan, you'll want to consider when to draw down from your pension and whether to also consider using non-pension assets to meet the full cost of everyday life." He adds: "Inheritance planning is notoriously complex. But there are advantages to starting earlier than you think is necessary. Seek the support of an adviser that you trust and one that you think will have your best interests at heart. While no one really wants to think about the need to pass on wealth, it can be of great benefit to your loved ones to get plans in place early." Recommended reading: Any changes - even if they only hit the wealthiest taxpayers - have not been popular with the Conservatives. Speaking to reporters on the Isle of Wight, leader Kemi Badenoch said: 'Unemployment is up, growth is down, inflation is up, cost of living is putting a real squeeze on people's pockets. 'And it's because of Rachel Reeves's budget last year. I'm very worried about what's going to come in the next budget. 'We're seeing tax rises, even taxes on pensions, as potential solutions'
Daily Mirror
6 hours ago
- Daily Mirror
Inheritance Tax rule change means your pension could be raided if you die young
From April 2027, inherited pensions will be subject to Inheritance Tax and included in the 'estate' - which also includes property, possessions and money - of someone who has died Major changes to Inheritance Tax rules mean your pension pots could be raided even if you haven't reached retirement age yet. Under current rules, there is no Inheritance Tax to pay if you inherit a pension from someone who died before the age of 75. If the person dies after the age of 75, then you pay Income Tax when you start to take money from the inherited pension. But from April 2027, inherited pensions will be subject to Inheritance Tax and included in the "estate" - which also includes property, possessions and money - of someone who has died. It has now been confirmed that this will even apply if the person died before reaching the age at which they can start accessing their pension. This is currently set at 55 but is rising to 57 from April 2028. It comes as DWP confirms new Winter Fuel Payment deadline with pensioners urged to act now. Death in service payments will not be liable for Inheritance Tax. A spokesperson from HMRC told Pension Age said: 'We continue to incentivise pensions savings for their intended purpose – of funding retirement instead of them being openly used as a vehicle to transfer wealth – and more than 90% of estates each year will continue to pay no inheritance tax after these and other changes.' At present, not many families end up paying Inheritance Tax, as it only applies to transfers made within the seven years before someone has died. If someone lives for more than seven years after making a gift, then this transfer is not subject to Inheritance Tax. For gifts given seven years before their death, it is taxed on a sliding scale known as "taper relief" which starts at 32%. Inheritance Tax is also only due if the value of your estate is above £325,000 - although this can actually often be much higher depending on who you leave your estate to. For example, there is no Inheritance Tax to pay when an estate is left to your spouse or civil partner. If you give away your home to your children - this includes adopted, foster or stepchildren, or your grandchildren - then the Inheritance Tax threshold can increase to £500,000. This includes the basic £325,000 allowance, plus an additional £175,000. If you are married or in a civil partnership, any Inheritance Tax allowance that isn't used can be passed on when someone dies. This means a couple can potentially pass on as much as £1million without their estate being subject to Inheritance Tax. If your estate is subject to Inheritance Tax, then the standard rate is 40%. There are ways to reduce how much Inheritance Tax is paid on your estate. Your rate of Inheritance Tax on some assets is reduced from 40% to 36% if you leave at least 10% of the net value after any deductions to a charity in your will.
