Why should I consider Tax Planning?

Tax Planning is one of the main aspects of financial planning.

The aim of any tax planning exercise is to identify the types of tax you are liable to. Future possible tax liabilities should also be taken into consideration and assessed.

In the UK there are a number of primary forms of taxation that your adviser should take into account. These might include:

• Income Tax
• Capital Gains Tax
• Inheritance Tax
• Taxation on savings and Dividends
• National Insurance Contributions

Your financial adviser should then be able to offer solutions to legitimately reduce any possible tax liability.

There are some aspects of tax planning advice that are not regulated by the Financial Services Authority. If you would like more information please contact us.