Tax Planning

Future planning can help to reduce tax liabilities

Reviewing your tax affairs to ensure that available reliefs and exemptions have been utilised, together with future planning, can help to reduce your tax bill. Tax liabilities can be costly, and it is important to plan and account for these.

The UK tax system is very complex, but the benefits of structuring your finances tax-efficiently can be significant. Proactive personal tax planning utilising all available and relevant tax allowances (for example, ISA allowance and annual Capital Gains Tax allowance) should be a key component of every financial planning strategy to ensure all income and capital gains taxes are minimised, especially in a high-taxation environment.

Fogwill & Jones Wealth Management can advise you on the best way to hold your current investments and work with you on an ongoing basis to ensure that your wealth accumulates and you drawdown from your investments in the most tax-efficient manner.