We provide suggestions for further consideration and discussion, enabling you to arrange your taxes, investments and wider financial affairs to reduce current and future tax liabilities. Please keep in mind that everyone’s tax situation is different. Before implementing any of the strategies discussed here, you should speak with us to obtain professional advice.

Effective tax planning is about knowing the taxes you are liable to pay and acting to legally and effectively minimise them. It is also about maximising your net income and creating opportunities to invest and save tax-efficiently. While there is no doubt that the tax system is complex, you should not let complexity deter you from a simple goal: keeping your taxes as low as possible.

There are several areas of tax planning that need to be considered such as use of:-

  • Personal Allowance
  • Investments for minor children and teenagers
  • Investments for individuals with no income
  • Tax-relievable pension contributions
  • Pension Lifetime Allowance
  • Tax-favourable investments
  • Company dividends
  • Capital Gains Tax
  • Inheritance Tax (IHT)
  • Use of Trusts and Wills

 

Please contact us for an initial discussion in respect of your personal needs and circumstances.  Ring us on 01792 483860 or email us at info@portfolio.org.uk

Below are some links to external websites which we hope you will find useful

Capital Gains Tax 2018-2019

Dividend Tax

Lifetime Allowance

Personal Allowance

Pension Tax Relief

INFORMATION IS BASED ON OUR CURRENT UNDERSTANDING OF TAXATION LEGISLATION AND REGULATIONS. ANY LEVELS AND BASES OF, AND RELIEFS FROM, TAXATION ARE SUBJECT TO CHANGE. THE VALUE OF INVESTMENTS AND INCOME FROM THEM MAY GO DOWN. YOU MAY NOT GET BACK THE ORIGINAL AMOUNT INVESTED. PAST PERFORMANCE IS NOT A RELIABLE INDICATOR OF FUTURE PERFORMANCE