Tax Planning

Tax planning is the analysis of a financial situation or plan from a tax perspective. The purpose of tax planning is to ensure tax efficiency, with the elements of the financial plan working together in the most tax-efficient manner possible.

Tax is a good thing our money keeps the country running. But paying too much tax is not a good thing. The government creates many legitimate opportunities for you to reduce the amount you pay in tax. However, you may not be aware of them all, or you may be unsure of how to take advantage of them or like many people, you may have known but simply not done anything. You can avoid the hassle of learning about it altogether and get expert advice from our experienced team. We will help you plan your finances better so that you tax planning is as efficient as it can be.

Tax is a complex area, and becomes more so if you run a business or have several sources of income. Numerous factors will affect the amount of tax you should pay each year, including your job, savings and personal circumstances. But sometimes fear of paying too little tax and the possible consequences means you might often end up paying too much. With us in your corner that will never happen.

The most common areas where we will help you save tax are:

Savings (e.g. by using or under-using cash ISAs)

Retirement planning (e.g. by making sufficient payments into pensions)

Inheritance tax (e.g. by planning ahead)

Capital gains tax (e.g. by holding stocks and shares in an ISA)

We will help you identify all your areas of tax wastage and advise you on ways to become more tax efficient, saving you a significant amount of money over the longer term. They will also be able to inform you of any changes in tax law that could affect you (either in a bad way or a good way).