Tag: Tax

Making Suitable Plans

Inheritance Tax can cost families thousands of pounds but there are various ways to legally avoid paying this tax. Without making suitable plans, your loved ones could face a tax bill of 40% on the value of everything you own above a certain threshold.

/ 2nd September 2021

Portfolio Diversification

By maintaining proper portfolio diversification and avoiding the pitfalls of market timing, you’ll have the foundation needed to help manage your overall exposure to market volatility. Historically, the stock market has been up more than down.

/ 26th August 2021

Changing Tax Landscape

Tax planning should enable you to arrange your affairs in ways that postpone or legally avoid taxes. No one likes to pay tax on their hard-earned money, so by employing effective tax planning strategies you could have more money to save and invest or more money to spend. Or both. Your choice.

/ 16th August 2021

Tax Planning Reimagined

No one likes to pay tax on their hard-earned money. But due to the complexities of the tax system, without expert professional financial advice, some individuals could be paying more tax than necessary. Before the end of every tax year on 5 April, you have the opportunity to save money on taxes and plan for the year ahead.

/ 24th April 2021

Reducing your Inheritance Tax Bill

Even those who believe they have moderate wealth levels may still need to take action to minimise Inheritance Tax, particularly if they own property and have savings and investments. Naturally, you’ll want to pass on as much as possible to your loved ones, rather than paying 40% to HM Revenue & Customs (HMRC). Are you worried your family could be left with an Inheritance Tax bill after you’re gone?

/ 12th April 2021

Tax Saving Opportunities

While the Chancellor of the Exchequer Rishi Sunak, is looking to reduce the tax gap, there are nonetheless still opportunities to review your financial arrangements for saving tax throughout the tax year. Taking action now will give you the opportunity to take advantage of any remaining reliefs, allowances and exemptions before the end of the 2020/21 tax year on 5 April.

/ 4th March 2021

2020/2021 Year-End Tax Planning

Tax never requires a one-size-fits-all approach. Each taxpayer and each year will be different. And with the end of the current 2020/21 tax year approaching on Monday 5 April 2021, now is the time to carry out a tax health check and implement any planning opportunities.

/ 2nd March 2021

Investment Insights

We all have different objectives in life and need different strategies to help achieve them. Sensible diversification – owning a mix of assets, including shares, bonds and alternative investments such as property – can help protect investors over the long term. When one area of a portfolio underperforms, another part should provide important protection... However, when it comes to financial planning for your future, it’s important that you receive expert professional advice about all the options and income sources available to you.

/ 21st May 2020

Discover a Clearer Financial Future

It’s often a common fallacy that only those that are wealthy have any need for professional financial advice. Regardless of how careful you are with your money, dealing with the tricky intricacies of taxation, investments and financial regulations can be difficult for even the most money-conscious of earners. However, when it comes to financial planning for your future, it’s important that you receive expert professional advice about all the options and income sources available to you.

/ 11th May 2020

Millennial Money

Building wealth for the future is important, but increasingly people want their investments to do more than make money. Investing ethically means different things to different people. According to a new global survey[1], almost eight out of 10 millennials now prioritise socially responsible and impactful investing...

/ 27th April 2020

Preserving your Legacy

Are you worried about leaving an inheritance to your loved ones and then having them pay tax on your legacy? No one likes to think about a time when they won’t be here, but unfortunately the reality is that some people aren’t prepared financially...

/ 3rd April 2020

Effective End of Year Tax Planning

The end of the 2019/20 tax year is fast approaching, and there are a number of valuable allowances and reliefs that will be lost if they are not used before the deadline. These opportunities include, but are not limited to, four important areas of tax planning. We’ve summarised these allowances below and suggest that if appropriate to your particular situation, these areas should be reviewed before 5 April 2020...

/ 31st March 2020

Tax Wise

As we enter January, the end of the 2019/20 tax year will be just over three months away on 5 April. As this date approaches, the window of opportunity reduces if you want to make the most of valuable allowances, reliefs and exemptions that could help reduce your tax bill and make sure your finances stay tax-efficient.

/ 2nd January 2020

Inheritance Tax

Will you be one of the thousands of households in Britain that will have to pay Inheritance Tax? What’s the best way to avoid it? If you’re administering an estate because someone has died, how do you obtain probate? Is it ever possible to retrospectively minimise an estate’s tax liabilities?

/ 9th October 2019

Taxing Times

Making sure you use up any allowances you are entitled to is the first step to reducing the amount of tax you may be liable to pay.We’ve provided our ‘Top 5’ list of planning areas to consider before 5 April 2020, the end of the 2019/20 tax year. The rates given are correct for the 2019/20 tax year.

/ 14th August 2019

Lifetime Allowance

An estimated 1.25 million people are set to breach the current lifetime allowance (LTA) limit of £1.055 million for pension tax relief over the course of their working life, according to new research published...

/ 22nd June 2019

State Pension Deferral

A significant number of people working past the State Pension age could be paying unnecessary tax on their State Pension, according to new research [1]. This is because they failed to take up the option of deferring their State Pension until they stopped work. As a result, their entire State Pensionis being taxed, in some cases at 40%.

/ 15th June 2019

Retirement Income

‘Will I be able to afford the retirement lifestyle I want?’is a question that many people ask but struggle to figure out. There are many ways to assess your likely income in retirement and work out how much you need to put away now to enjoy the kind of lifestyle you want in later life...

/ 18th May 2019

Safeguarding your wealth for future generations!

Unforeseen life events and circumstances can potentially impact your finances in a number of ways. We can help you to safeguard your wealth for future generations. But for many of us, there can be a remarkable gap between our intentions and our actions...

/ 19th April 2019

Plan and Prepare

At this time of year, we think about New Year’s resolutions, and it’s also a good time to start planning our tax affairs before the end of the tax year on 5 April. As you think about 2019 and your goals for the coming year, we can help to start you off on the right financial footing...

/ 23rd January 2019