For many people, the New Year is a time to review financial goals.
If your income has increased or become more complex due to a promotion at work; if you wish to make the most of bonus payments or dividends; if you are planning on starting or selling a business; or if you wish to help out younger generations then financial planners may be able to help. We also work with individuals who want to leverage a recent bonus or dividend payment effectively.
A financial planning process should evaluate your current position in order to align your finances with your short and long-term objectives. There’s no one-size-fits-all approach and for those with a complex income profile, it may require weighing up a number of different financial structures. Here, are some of key considerations and options available for individuals and their families.
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This media is for general information purposes only and any reference to Tax should not be used or relied upon as professional advice. It is based on regulations in effect at the time of publication and no liability can be accepted for any errors or omissions, nor for any loss or damage arising from reliance upon any information herein. It is advisable to contact a professional advisor if you need further advice or assistance as the tax implications can vary depending on an individual’s personal circumstances and may be subject to change in the future.