TAX PLANNING

 

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Effective Ways To Mitigate Tax

Tax can have a substantial impact on everyone’s wealth, and it is important to make sure you are not paying too much. It is a complex area of financial planning that can be further complicated if you run a business or have several sources of income. Many factors affect the amount of tax you pay each year, including your job, savings and personal circumstances.

John Lamb considers the implications of tax across all our financial planning work. That is because we believe it makes sense to take advantage of all the reliefs and allowances available to mitigate tax. Within your overall financial situation and objectives, we find tax-efficient ways for you to save, invest, protect and pass on your wealth.

 

Find The Right Solutions

Working with you and any advisers you may already have, such as an accountant, we can help you identify all your areas of tax wastage. We can then advise on ways to become more tax efficient, saving you a significant amount of money over the longer term. In addition, we will inform you of any changes in tax law that could affect you and adapt your plans to a continuously evolving environment.

Our solutions range from the straightforward, such as using your annual ISA and capital gains tax limits, to the more complicated, such as handling estates and setting up trusts. We also advise on specialist vehicles that provide government-approved tax-efficient investment opportunities, such as enterprise investment schemes (EIS) and venture capital trusts (VCTs).

 

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"We believe it makes sense to take advantage of all the reliefs and allowances available to mitigate tax."