We’ll work with you to structure your finances tax efficiently, using your tax allowances and reliefs each year to make the most of them and minimise your tax liabilities for income tax, capital gains tax and inheritance tax. Because the more tax you pay, the harder your investment need work to achieve the same returns.
We can structure your investments tax-efficiently – from using simple accounts like ISAs to taking advantage of your annual Capital Gains Tax allowance and setting up complex tax-advantaged investments and we can help you to make the most of the available allowances when it comes to your retirement.
Inheritance tax and estate planning
Your values and beliefs should dictate how your wealth is passed on, but Estate planning isn’t just about passing on money when you die – it’s also about enjoying life now and ensuring you have enough to live on.
That’s why it’s so important to start planning early and we can show you how much money you’ll need, help you to pass on assets in the most effective way, and work with you to reduce or manage an Inheritance Tax bill.
We can also help you:
- Pass on your assets effectively and make sure your money ends up with the people you want and for the reasons you choose
- Make financial gifts, setting up trusts and help you use your annual gifting allowances
- Find out if your estate qualifies for the resident nil rate band allowance and recommend changes if not
- Understand how much you can afford to spend or give away
Estate planning can be complex and involves some difficult and emotional decisions, but it can also save you a lot of tax, and taking action early means that more of your money goes to your beneficiaries.
There are also many ways to reduce, manage or eliminate an inheritance tax bill through gifts, using other assets to provide retirement income, using life insurance, and using tax efficient investments to benefit from business relief.
We can also talk to you about passing on your pension as it can play a big role when it comes to estate planning and making gifts in trusts.
