No one likes to pay tax on their hard-earned money but few actually understand the intricacies of the UK tax system. A trusted Financial Planner can give you expert help in navigating the complexities, identifying the best tax structures to preserve your wealth. By getting to know you and understanding your goals, we can get a clear idea of which tax reliefs and allowances you’re entitled to. From minimising your income tax to keeping a watchful eye on any capital gains, we will plan your investments efficiently, so you save money and don’t pay any more tax than is necessary.
Higher rate tax-payers in the UK are missing out on £769 million each year in unclaimed pension tax relief alone.
* PensionBee, 2020
With literally hundreds of reliefs available and a constantly changing rulebook, the key to tax-efficiency is finding the best tax arrangements for you as an individual. We find the most effective combination of tax structures – from ISAs and investment bonds to pensions – to suit your personal circumstances and minimise your tax bill.
Each family’s circumstances are unique, but everyone wants to make the transfer of wealth from one generation to the next as smooth and tax-efficient as possible.
We use a combination of proven and effective strategies – including gifting, trusts, pensions and reliefs – advising you on the best options and tailoring them to your specific requirements.
It may be a nice problem to have but if your investments are performing well, you could find yourself facing a substantial Capital Gains Tax (CGT) bill on your profits. While CGT is one of the more complicated taxes, it also offers many reliefs and exemptions.
We guide you through the maze of tax mitigation strategies to find the ones that work best for your personal circumstances, saving you money in the process.
See how Investec can help you plan for your ideal future.
The goal of Tax Planning is simply to arrange your financial affairs as efficiently as possible so you and your family pay the minimum amount of tax necessary. That may sound intimidating, but our expert Financial Planners can build a tailored solution around your needs and take care of the complexities on your behalf. Here is how the process works.
Understanding your current situation
We will sit down with you to map out all your sources of income, savings and investments as well as getting an understanding of your debts and regular expenditure. This will give you and us a clear picture of what shape your finances are in as things currently stand.
Identifying opportunities for efficiency
When we have a clear view of how your finances are currently structured, we will use our expertise and knowledge to establish opportunities to reduce your tax burden, in areas such as income tax, CGT and Inheritance Tax (IHT), by organising your money in a much more efficient fashion.
Implementing your personal plan
Now that we have identified areas where you can save money and reduce your liabilities, with your approval we will put in place the tax structures – from tax-efficient investment wrappers, to schemes, trusts and shelters – that will preserve more of your wealth for you and your family.
Continually reviewing your plan
Tax legislation is always changing but we are constantly reviewing what’s new so we can provide you with the latest up-to-date strategies and keep your wealth as tax-efficient as possible.
If you would like to have an informal, no obligation conversation or have any questions about Tax Planning, please get in touch.
Without Investec, it would not have been possible to feel at ease in dealing with our finances ourselves.
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