The support to control what's rightfully yours

Another way of maximising your assets is by minimising your tax outlay.
Tax planning is perfectly legal and eminently sensible, and our help and advice
is invaluable in two key areas.

Firstly, we take a broad overview of your circumstances, looking at the implications of income tax, capital gains tax and inheritance tax in context of
your whole financial situation. Depending on your life stage and position, we
can juggle the taxes accordingly and create an individual plan that makes your assets as tax efficient as possible.

Secondly, our knowledge and experience of financial products is vast
and our forte lies with being able to recommend which particular option
will make our complex tax solutions most effective.

There are a number of strategies we can implement to reduce the amount
of tax you pay. Simple solutions include tax efficient plans such as child trust funds and ISAs, while more complex strategies involves the restructuring of investments or the use of pensions.

Inheritance tax planning is another of our specialities. Inheritance tax, IHT, potentially becomes payable when your assets, such as personal possessions, buildings, savings etc, are passed on to someone who is neither your spouse nor civil partner, nor an exempt institution, such as a charity, either as a gift during your lifetime or upon your death.

If your assets are worth less than the agreed threshold, no tax is payable.
This threshold is known as the Nil Rate Band and currently stands at £312,000. Assets over and above £312,000 are subject to a flat rate charge of 40%. Gifts that exceed the Nil Rate Band which are classed as Chargeable Lifetime Transfers are subject to a 20% charge.

We can help to reduce and/or offset the amount of tax due on your estate after your death. We can also combine tax planning with school fee and retirement planning to ensure the broader financial picture is as promising as can be.