Strategic tax planning to keep more of your hard-earned money working for you. We'll help you navigate the complex UK tax system and implement strategies to reduce your tax liability legally and efficiently.
These are the questions we help our clients answer every day when it comes to tax planning.
With £20,000 annual allowance, are you maximizing tax-free growth?
Strategic timing and use of allowances can significantly reduce CGT bills.
Higher rate taxpayers can claim 40% tax relief on pension contributions.
Income splitting can keep both partners within lower tax bands.
The dividend allowance is just £500 for 2024/25. Are you optimizing this?
IHT is 40% above £325,000. Planning now could save hundreds of thousands.
Tax is one of your biggest lifetime expenses, yet it's also one area where careful planning can make a substantial difference to your wealth.
The UK tax system is complex and constantly changing. Between income tax, capital gains tax, dividend tax, inheritance tax, and various allowances and reliefs, it's easy to pay more than necessary. Our role is to help you navigate this complexity and implement legitimate, FCA-compliant strategies to reduce your tax burden.
We work closely with your accountant or can recommend trusted professionals to ensure your tax planning is coordinated across all aspects of your finances – from investments and pensions to estate planning and business affairs.
A higher rate taxpayer investing £20,000 in an ISA rather than a taxable account could save over £800 per year in tax on just a 5% return. Over 20 years, that's £16,000+ in unnecessary tax avoided.
Maximize your £20,000 annual ISA allowance for tax-free investment growth.
Strategic timing of asset disposals and use of annual CGT exemptions.
Maximize tax relief on pension contributions and manage withdrawal tax efficiently.
Strategies to keep your income within favorable tax bands.
Reduce potential 40% inheritance tax liability through strategic planning.
Optimize the order in which you access different pots of money in retirement.
We'll review your current tax situation, income sources, assets, and identify areas where you might be paying unnecessary tax.
We'll create a personalized tax planning strategy using allowances, reliefs, and tax-efficient investment wrappers to minimize your tax burden legally.
We'll implement your tax planning strategy and review it annually to adapt to changing tax rules and your evolving circumstances.
Your £20,000 annual ISA allowance doesn't roll over – use it or lose it. Over a lifetime, failing to use ISA allowances can cost you tens of thousands in unnecessary tax on investment returns and dividends.
The fix: Make ISA contributions a priority each tax year. Even if you can't afford the full £20,000, contribute what you can. Consider monthly contributions to spread the cost.
Higher rate taxpayers (40%) automatically get 20% tax relief on pension contributions, but need to claim the additional 20% via their tax return. Many people forget to do this, effectively giving HMRC free money.
The fix: If you're a higher or additional rate taxpayer making pension contributions, ensure you claim the extra relief through Self Assessment. For a £10,000 contribution, that's £2,000 back.
The annual CGT exemption is now just £3,000 (2024/25), but you can use this every year. Couples have £6,000 combined. Failing to harvest gains annually means you're not using this valuable allowance.
The fix: Review your investments each year and consider realizing gains up to your annual exemption, especially if you expect larger gains in future. You can even sell and rebuy immediately (except into an ISA – wait 30 days).
If one spouse pays higher rate tax while the other pays basic rate (or no tax), holding all investments in the higher earner's name means paying more tax than necessary. Transfers between spouses are tax-free, so there's no good reason not to balance things out.
The fix: Consider transferring income-producing assets to the lower-earning spouse to use their personal allowance and keep income within lower tax bands. This could save thousands per year.
Many people assume IHT only affects the very wealthy, but with house prices high and the nil-rate band frozen at £325,000, more "ordinary" families are being caught. At 40%, this is a huge tax that can often be reduced or avoided with planning.
The fix: Start IHT planning early. Use annual gift exemptions, consider trusts, make use of pensions (which sit outside your estate), and ensure both partners' allowances are being used effectively.
Don't pay more tax than you need to. Let us review your tax situation and identify opportunities to keep more of your money working for you.
Initial consultation is completely free with no obligation.
