Whatever your stage in life, whether you are earning as an employee or business owner, have inherited wealth, or are considering how to manage your retirement funds, tax is one of life’s certainties.
What many people are less clear about is how to minimise their tax liabilities now, and later on.
If you’re a higher or additional rate taxpayer, in particular, understanding your tax allowances and liabilities is vital, as small details could make a big difference over time.
As part of our financial planning advice, your Talis IFA will look regularly with you at your complete financial picture to identify opportunities for structuring your finances in the most tax-efficient way for you.
We’ll keep you up to date with changes in tax regulation that might offer you opportunities to use tax-free allowances, as well as help you avoid any unpleasant surprises when you submit your tax return.
While looking at how your investments and savings are performing, we’ll also keep you aware of any capital gains tax (CGT) implications.
If you are approaching retirement, your Talis IFA can help you to decide how and when to access your pension and other retirement savings, and in what order.
And our Estate Planning advice will enable you to understand whether you are at risk of leaving your loved ones with an inheritance tax (IHT) liability, and how to mitigate it.
For business owners, we’ll look at the most tax-efficient ways of using the money in your business to benefit you, your family and your employees.
Kinnary patiently and knowledgeably took me through my investment options and took the time to allay my fears. She talked me through the whole process without ever being pushy. She was transparent about the investments and potential outcome and made the whole process much easier to understand.
Rebecca used her expertise to explain all options and guide us through the process. Her knowledge was invaluable and we are very happy with the outcome.
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