Tax Planning

Not many people like talking or thinking about tax, but we do!

There are tax implications to most financial decisions that you make, whether it is taking out an ISA, making a pension contribution or transferring wealth to the next generation.

Tax planning is central to what we deliver for our clients. We make sure that our clients have a good understanding of their tax position and our investment advice always considers the tax implications of the steps that we are recommending.

We provide inheritance tax planning and advice, income tax advice, capital gains tax advice, property tax advice, pensions tax advice and other personal tax planning services.

We want our clients to be tax efficient but never non-compliant.

Sometimes our clients need help with more complicated aspects of the tax regime such as Inheritance Tax (IHT) and trusts:

  • Inheritance tax: If the value of your total financial estate on death (investments, property, business interest, cars, life insurance pay-outs) is higher than the threshold set by the government, then your estate will have to pay tax, currently set at 40% of the excess. Due to house price rises, more and more people are finding that they breach this threshold. There are various considerations, such as the “main residence allowance” and whether you are married or in a civil partnership, that will have an effect on your own personal IHT calculation. There are a number of things that you can do to reduce the inheritance tax your estate might have to pay. The most important thing for you to do now is be aware of your own IHT position and investigate what you can do about this now, rather than leave it for your loved ones to sort out once you have gone.
  • Trusts: One of our advisers holds specialist TEP (Trusts and Estate Planning) qualifications, this is unusual in our industry as these are primarily legal qualifications. We can help our clients to set up trusts if these are the right investment vehicle for their particular circumstances. We have built up a network of trusted private client lawyers that we can recommend to undertake the required legal steps.

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