Tax Strategies

Every client is unique and will have particular financial needs and goals.

You might simply want to maximise your wealth so that you can enjoy more of your hard-earned money now and in retirement.

You might need to pay for your children's education, or to help support ageing parents. Or perhaps all of the above apply. As your accountants, we can suggest practical ways to help make these objectives become reality. Whether it is tax on your earnings, business income, investments or estate, there is frequently a significant amount that can be achieved to minimise your personal tax exposure. As well as advising on tax-efficient strategies to reduce your liability, we will also ensure you remain fully compliant with all relevant tax rules and procedures. We keep in mind the outcome you are looking for and look to safeguard your personal wealth

Do the following challenges resonate with you?

- Where can I make tax savings?
-How can I mitigate my tax liabilities?
-How do I reduce income tax?
-How can I reduce capital gains tax?
-Should I pay myself using salary or dividends?
-I need help with my tax return
-I am interested in investing in Bitcoin / Cryptocurrencies, what are the tax implications?
-Can a trust save me tax?
-I’m being investigated by HMRC.
  If so, then our personal tax team can assist you. Our advice can cover:

-Income tax planning to mitigate your liability on all your income sources.
-Reviewing your personal financial position to ensure that your personal and business funds are arranged in a manner that is tax efficient, whilst at the same time achieving your desired outcomes.
-Maximising claims for relief against your income and gains.
-Tax planning between spouses and civil partners to ensure all available allowances are used, as well as advising on the sharing of joint incomes and investments.

To find out how we can cater for your personal tax needs, please contact a member of our team.

10 ways for high earners to reduce their tax bill in the UK

Creating wealth is one thing, but retaining it and growing it is another. Tax, left unchecked, can be a major contributor to eroding your wealth. With the top rate of income tax currently at 45% in the UK, having a sophisticated tax strategy is equally as important as a well-planned investment strategy. 

The optimum solutions will depend on individual circumstances, but a number of routes exist for high earners to minimise both current and future tax liabilities:

We can advise you on how to make use of the following routes to gain tax advantage.

1 - Maintain your income tax allowance 
2 - Utilise any marriage tax allowances
3 - Use your personal savings allowance 
4 - Utilise ISA contributions 
5 - Consider the dividends allowance 
6 - Make use of annual pension contributions
7 - Use the capital gains tax allowance 
8 - Maximise the advantages of EIS investments 
9 - Make the most of SEIS investments 
10-Explore VCT investments  - Read more on tax efficient investments

Reach us and get more details:

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Find out how we help our clients determine the right strategic priorities to grow profitably with practical solutions.

Book an appointment | Tel: 0800 689 1495
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