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Services for individuals

Find out more about services that practitioners can provide to individuals. Includes information on probate, tax, insolvency, acting as a trustee, pensions and other areas of advice.

In this section

Trustee of trust with shares in an audit client

Technical helpsheet issued to help members to determine how relationships can impact audit independence, especially in regard to whether a firm can continue to act if a partner in the firm is a trustee of a trust that holds shares in an audit client.

DPB (Investment Business) licence

A designated professional body (DPB) licence allows the holder to conduct restricted investment business which is incidental, complimentary and arising out of the firm's professional services.

DPB (Investment Business) Essentials 2016

As the pensions and investment market becomes ever more complex, the latest guide from the Professional Standards team looks at where you can offer support to your clients.

Should you have a DPB licence?

“We do not undertake any investment business so we don’t need a licence” – this is a common response that may underestimate the scope of licensed activities.

SIPs, regulations and guidance

Insolvency is a regulated profession and insolvency practitioners must meet certain standards. They must comply with the law, statements of insolvency practice (SIPs), the insolvency Code of Ethics and ICAEW’s insolvency regulations. We also issue guidance to assist insolvency practitioners.

The ICAEW Library & Information Service provides a collection of key resources, online and in print, designed to meet the needs of Chartered Accountants. 

Engagement letters

Engagement letters are a key document in the relationship between you and your client, providing a written confirmation of the work that will be carried out. The Library can provide sample wording for a wide variety of engagement letters.

Model accounts

The ICAEW Library & Information Service holds a collection of model financial statements and checklists.

Forms and precedents

The ICAEW Library & Information Service offers access to an extensive range of forms and precedents through the collection of printed works and electronic databases.

Client screening

Obtain client screening reports checking against global risk and compliance data, including government sanctions, Politically Exposed Persons, a wide range of watch lists and negative news profiles.

Informed Choices

Ensuring that consumers make the right choices about how and when to access their pension pots is a tall order for regulators and advisers. Mike Morrison highlights how the system of information, guidance and advice is evolving.

Personal Financial Planning (PFP) is an area in which ICAEW Chartered Accountants are able to use their skills and experience and trusted relationships to deliver complementary services and work with other professionals to help clients and their families manage their personal finances.

Become accredited for probate

Probate work offers firms a real business opportunity. Combining inheritance tax planning and probate services enables you to reaffirm your position as a one-stop-shop for business advisory services.

Personal tax

Expert commentary and practical guidance from ICAEW related to personal taxation, covering areas including: capital gains tax, income tax, inheritance tax, pensions, residence and domicile, savings and investments and trusts.

MTD for individuals

MTD for individuals is centred around the Personal Tax Account (PTA) which already has many of the services needed by PAYE taxpayers. HMRC continues to improve and develop the PTA.

Provision of non-audit services

The emergence of professional service firms in recent years has resulted from a growing demand from businesses for specialist advice to help them achieve business advantage in an increasingly competitive market place.