Sarah Farrow

Spear’s Review

Sarah Farrow is at the helm of EY’s ultra-high-net-worth tax team, the private client offering emerging from the acquisition of Frank Hirth by EY in 2021.

Farrow has more than two decades’ experience in handling the complex tax issues that HNWs, businesses, family offices and sophisticated investors face. She recalls advising a Middle Eastern client who approached her for help after inadvertently under-reporting their UK tax after ‘years of miscommunication between the client’s bankers and their former tax advisers’.

‘The numbers were very large, and it took three months just to calculate the tax due,’ says Farrow. ‘We agreed on the amount with HMRC without them raising any queries, which is unusual.’ She adds that the client successfully saved £350,000 as a result.

Adviser Profile

Farrow, head of EY’s UHNW team, explains: ‘I keep the planning and advice I provide as simple as possible. The more complex the structuring, the more likely something will be misunderstood, and this can lead to expensive tax mistakes.’

She has extensive experience in advising very wealthy multinational families, entrepreneurs and highly sophisticated investors from private equity and hedge fund backgrounds on structuring their worldwide affairs efficiently.

She sees a noticeable increase in clients deciding to move to the UK or move back to the UK. As many of these clients hold wealth via structures, without advice they can become UK resident on a move to the UK. She tries to advise clients before they arrive in the UK to avoid problems and unforeseen tax at a later stage.

The tax adviser previously trained with KPMG and is a qualified Chartered Tax Adviser (CTA) and a member of the Society of Trust and Estate Practitioners (STEP).

Prior to embarking on a career in Tax, Farrow read Law and has a Bachelor’s degree along with a Master’s degree from Bristol University.