A Family Investment Company (FIC) is a type of private investment company that is designed to help families manage and protect their wealth for future generations. It is a structure that is particularly popular in the UK and can be a tax-efficient way to transfer wealth between generations.

The FIC structure involves creating a limited company that is owned and controlled by the family members. The company can then be used to hold various assets, such as property, investments, or intellectual property. The family members can invest in the company by buying shares, and profits can be distributed through dividends.

The FIC structure can offer several advantages for families. One of the primary benefits is that it can help to reduce the amount of inheritance tax that is payable on the family's wealth. By transferring assets into the company, they can be treated as business assets rather than personal assets, which can result in a lower tax bill.

Another advantage of the FIC structure is that it can provide a way for family members to work together to manage and grow their wealth. By creating a company, they can formalise their business relationships and establish clear rules and expectations for how the company will be run.