Why you need tax advice

Your wealth could well be on track in terms of investment growth but if it remains unprotected just wait until it hits the triple tax buffers of inheritance tax, income tax and capital gains tax.

Inheritance Tax

Are you aware that in the tax year ended 31st March 2018, UK families like yours paid £5.2bn in inheritance tax for the first time in history? And this despite the fact that there is a tax-free allowance available. And estimates by Prudential published in the Financial Times estimate that this will rocket by a further £1.2Bn by 2021/22. (Source: Moneywise 6th March 2019)

We have been helping clients reduce inheritance tax bills since its introduction in 1986.

To find out more about your potential IHT tax bill and the exemptions available to you please click here

Income Tax

Do you even know if you are paying too much tax? Is your invested wealth still held direct in stock market shares which may have no tax protection? Are you fully using all the current exemptions and allowances that you can do within current legislation?

It certainly looks today like many more investors than ever before could benefit from independent and professional tax advice to not only reduce their income tax bills but to also ensure that their returns are made accurately and promptly.

Just consider this statistic: In 1990/1 there were just 1.70m higher rate taxpayers in the UK. That number has risen by an estimated 150% to 4.26m in the tax year 2017/2018. (Source: UK government statistics April 2018)

If you think you are paying too much income tax and are concerned that you are not fully using your annual exemptions and allowances then please contact us today on 01506 842365.

Although we are based in Scotland, which of course now has different income tax rates from the rest of the UK, we have many clients from all over the UK and we have done so for many years. We have the expertise to advise on both tax systems and how they impact on your dividend and pensions tax reliefs and other allowances.

To check your income tax rates and allowances please click on the appropriate link here, UK or Scotland.

The Financial Conduct Authority does not regulate Tax Advice.

Capital Gains Tax

Capital Gains Tax (CGT) is a tax on the gains you have made on the sale of assets that have increased in value. We try to ensure that you use all your annual CGT tax-free allowances with the aim of creating a tax-free income for you later in your life when you most need it.

If this tax bothers you then please call us today on 01506 842365

For information on the current CGT tax level and your annual exemption allowance please click here.

Contact us

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