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for independent advice, call us on 01296 632624
or email us at info@optimumifa.com

tax planning

Many people pay too much tax or miss out on opportunities to reduce their tax burden. Good tax planning can be as simple as ensuring efficient use of one's personal allowances. For example, if you are married and one of you is a higher rate taxpayer you should review your position. Children are also entitled to their own personal allowances meaning that income on a child's savings may well be tax free.

In conjunction with your existing tax advisers our aim is to take full advantage of any tax savings opportunities open to you.

Taxation can make a substantial difference on investment returns. Don't forget to maximise your ISA allowances from which you pay no Income or Capital Gains Tax no matter how much your investment grows, whilst few of us take full advantage of our Capital Gains Tax allowance which can provide a significant additional source of tax free growth.

A pension can be highly tax efficient with contributions normally attracting tax relief whilst the fund itself grows in a very tax efficient manner. If you are employed/or a business owner, salary sacrifice may be effective and further enhance the long term value of your pension plan.

Helping you protect your wealth is an important part of what we do and requires tailored, careful planning. Whether revisiting your will or perhaps passing assets to beneficiaries using a trust we offer comprehensive advice about how to take advantage of the most tax efficient & effective strategies to manage & protect our clients estates.

Please see the specialist taxation & trust qualifications held by our consultants in "Consultant Profiles".

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