We are able to research and recommend to you tax efficient and/or tax reducing investments. We will spend time with you on a one-on-one basis, perhaps over a number of meetings, to ensure you fully understand the opportunities and to make sure we agree that the recommendations are right for you.
The main Tax Smart Investments that we can recommend are:
You can currently invest up to £40,000 per tax year into a pension and receive tax relief at your highest rate of tax.
ISAs are broadly free of tax and an individual can can currently invest £15,240 this tax year.
Current legislation offers VCTs a number of tax advantages including dividends being free of tax, income tax relief being available at the rate of 30% of the investment and capital gains made on disposal being exempt from capital gains tax.
EIS investments currently offer income tax relief at the rate of 30% of the investment, capital gains on disposals of other assets can be deferred by re-investing the proceeds into an EIS, any losses on the sale of an EIS are allowable against other gains. In addition, EIS investments are generally exempt from inheritance tax after the EIS has been held for 2 years.
All of the above offer extensive tax advantages. We can help you decide whether they are right for you and within each category recommend 'best of breed' products.