Wealth Declaration Form for the United Kingdom

Wealth Declaration Form Template for England and Wales

A Wealth Declaration Form is a legal document used in England and Wales to formally declare an individual's assets, income sources, and overall financial position. It is designed to comply with UK anti-money laundering regulations, tax laws, and financial services requirements. The document serves as a comprehensive record of an individual's wealth and its sources, typically required by financial institutions, legal firms, and regulatory bodies for due diligence purposes.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Generate a Bespoke Document

1. Select your governing law:

2. Enter your key requirements:

3. Create your document to edit, review or download

Download a Standard Template

Get our England and Wales-compliant Wealth Declaration Form

4.6 / 5

4.8 / 5

Alternatively: Run an advanced review of an existing
Wealth Declaration Form

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

Upload your Doc

What is a Wealth Declaration Form?

The Wealth Declaration Form has become increasingly important in the UK financial and legal landscape due to enhanced due diligence requirements and anti-money laundering regulations. This document is typically required when establishing new banking relationships, making significant investments, or engaging in high-value transactions. The form requires detailed disclosure of assets, income sources, and wealth origin, ensuring compliance with UK regulatory requirements. Financial institutions and professional services firms in England and Wales commonly use this document as part of their client onboarding and ongoing monitoring processes.

What sections should be included in a Wealth Declaration Form?

1. Personal Information: Basic identification details including full name, date of birth, nationality, and current address

2. Source of Wealth Declaration: Detailed explanation of how wealth was accumulated, including business interests, inheritances, and investments

3. Current Asset Declaration: List of current assets including property, investments, bank accounts, and valuable possessions

4. Income Declaration: Details of regular income sources including employment, business profits, and investment returns

5. Declaration of Truth: Formal statement confirming the accuracy of information provided under penalty of perjury

What sections are optional to include in a Wealth Declaration Form?

1. Foreign Assets Declaration: Required when declaring assets held outside the UK - includes overseas property, foreign bank accounts, and international investments

2. Business Interests: Details of company ownership and business holdings, including percentage ownership and approximate valuations

3. Trust Declarations: Information about trusts where the individual is a settlor, trustee, or beneficiary, including trust assets and beneficiary details

What schedules should be included in a Wealth Declaration Form?

1. Schedule A - Property Portfolio: Detailed list of real estate holdings including addresses, estimated values, and ownership structure

2. Schedule B - Investment Portfolio: Detailed breakdown of investment holdings including stocks, bonds, funds, and other financial instruments

3. Schedule C - Supporting Documents: List of documents provided to verify declared information, including bank statements, property deeds, and company documents

4. Appendix 1 - Tax Residency Information: Details of tax residency status and relevant tax identification numbers for all jurisdictions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Cost

Free to use

Relevant legal definitions

Clauses

Relevant Industries

Technology
Digital Agencies
E-commerce
Financial Services
Healthcare

Relevant Teams

Design
Product
Research
Innovation
Digital
Customer Experience

Relevant Roles

UX Designer
UX Researcher
Product Designer
Interaction Designer
UX Architect
Service Designer

Industries

Financial Services and Markets Act 2000: Primary legislation governing financial services regulation in the UK, establishing regulatory framework for financial activities and wealth declarations

Proceeds of Crime Act 2002: Legislation dealing with money laundering and proceeds of crime, crucial for wealth declaration verification and source of funds

Money Laundering Regulations 2017: Regulations specifying requirements for preventing money laundering and terrorist financing, including due diligence and reporting obligations

Criminal Finances Act 2017: Law addressing tax evasion and financial crime, relevant for wealth declaration accuracy and compliance

UK General Data Protection Regulation: Regulation governing the processing and protection of personal data in wealth declarations

Data Protection Act 2018: UK's implementation of data protection requirements, ensuring proper handling of personal financial information

Finance Act: Annual legislation implementing tax changes and requirements affecting wealth declarations

Income Tax Act 2007: Legislation governing income tax obligations and reporting requirements for wealth declarations

Taxation of Chargeable Gains Act 1992: Law covering capital gains tax implications for asset declarations

Inheritance Tax Act 1984: Legislation regarding inheritance tax considerations in wealth declarations

Common Reporting Standard (CRS): International standard for automatic exchange of financial account information

Foreign Account Tax Compliance Act (FATCA): US legislation requiring foreign financial institutions to report on US taxpayers' assets

FCA Regulations: Financial Conduct Authority's regulatory requirements for wealth declarations and financial services

HMRC Requirements: HM Revenue & Customs specific guidelines and requirements for wealth reporting

JMLSG Guidance: Joint Money Laundering Steering Group guidance on anti-money laundering practices

Bribery Act 2010: Legislation addressing bribery and corruption, relevant for source of wealth declarations

Modern Slavery Act 2015: Law requiring transparency in business operations and supply chains, potentially relevant for business asset declarations

Companies Act 2006: Legislation governing company operations and ownership declarations in wealth statements

Find the exact document you need

No matches found.

Declaration Of No Conflict Of Interest

A legal document under English and Welsh law where an individual formally declares the absence of any conflicts of interest that could affect their professional duties.

How Cambridge United Uses Genie AI to Speed Up Player Signings and Slash Legal Costs

Generate a Bespoke Document

Download a Standard Template

What is a Wealth Declaration Form?

What sections should be included in a Wealth Declaration Form?

What sections are optional to include in a Wealth Declaration Form?

What schedules should be included in a Wealth Declaration Form?

Authors

Alex Denne

Jurisdiction

Publisher

Document Type

Sector

Cost

Find the exact document you need

Declaration Of No Conflict Of Interest

Declaration For Entry Of Unaccompanied Articles

Health Declaration Form

Long Term Supplier Declaration

Declaration Of Origin

Supplier Declaration Form

Self Declaration Form For Rc Transfer

Self Declaration Form For Passport

Self Declaration Form For Birth Certificate

Self Declaration Form For 11th Admission

Residency Declaration Form

Self Declaration Affidavit

Police Declaration Form

Online Wealth Declaration Form For Public Servants

Non Employment Declaration Form

New Declaration Form

Name Declaration Affidavit

Medical Declaration Form

International Declaration Form

Income Self Declaration Form

Immigration Declaration Form

Employment Declaration Form For New Employee

Declaration Of Trust Form

Declaration Of Solvency Form

Declaration Of Income Form

Declaration Of Identity Form

Declaration Of Goods Form

Declaration Of Assets And Liabilities Form

Declaration Letter To Whom It May Concern

Declaration Letter For Subsidiary Company

Declaration Form For Job Application

Declaration Form For Courier

Customs Declaration Form

Custodian Declaration Form

Conflict Of Interest Declaration Form For Employees

Beneficial Ownership Declaration Form

Asset Declaration Form For Govt Employees

Arrival Declaration Form

Customs Entry Form

Non Employment Certificate Self Declaration

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security:

Templates

Contract Templates

Letter Templates

Policy Templates

Industries

Legal Services

Manufacturing

Construction

Solutions

Use Cases

Company Types

Comparisons

Business Categories

Teams

Information

Generate Legal Docs Free