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Tax Planning services
Taxation is the money which we must pay to the UK government on items such as our income, capital gains, property, businesses and more.
There are many reasons which mean we must pay tax, there are also products and means by which we can reduce the final amount of tax that we pay.
Our tax planning services include certain products, allowances and guidelines to ensure your money is working its hardest and to ensure the tax you pay is ultimately a fair, yet minimal, amount.
We aim to build a tax efficient portfolio that is uniquely yours. By making the best use of your allowances, we ensure your money is working hard for you.
Through careful and efficient tax planning we can secure you a tax bill that is ultimately fair and minimal.
The Tax Planning process
Taxes either direct, such as income tax, or indirect such as VAT, are a part of everyday life. Tax is an important factor for consideration when we design your financial plan- the impact of poor tax planning should not be under estimated.
Objectives
We revisit your objectives. As well as being the basis for our advice, we would ensure that we consider tax in relation to these, and not allow it to dominate the financial plan.
Circumstances
We take time to understand your circumstances and current financial position to ascertain your tax position in relation to income, capital gains and inheritance tax.
Allowances
Many of the valuable tax allowances which we can utilise are refreshed each year, so we ensure you are making the best use of what is available to you. This includes your Capital Gains Tax (CGT) allowance, your personal allowance, and your annual exemption for gifts.
Suitability
We prevent the tax tail wagging the dog! We remain vigilant of other factors that determine suitability, not just tax. This includes investment risk, personal circumstances such as a divorce, and income needs in retirement.
Efficient
We incorporate the most tax efficient combination of products and use of allowances, to utilise the benefits of and mitigate the drawbacks of the tax universe.
Review
A regular review of your financial plan, taking account of any changes in tax and legislation, in addition to your objectives and financial circumstances is the cornerstone of a robust financial plan.
Tax planning
- Maximising tax allowances
- What is Capital Gains Tax?
- Inheritance tax
- Intergenerational Tax Planning
- ISAs explained
- Tax Year End 2024
- Spousal Bypass Trust
- How much can you inherit before paying inheritance tax?
- What is the inheritance tax nil rate band?
- Inheritance Tax - at a glance
- Stocks and shares ISA
- Lifetime ISA
- Junior ISA
Tax Year End
The end of the tax year - the 5th April - is a crucial date for all taxpayers to consider. It's important to make note of it so you do not miss out on any potential tax-relief, allowances or deductions.
Whether you're employed, self-employed or retired, there are some 'quick wins' that you might want to consider ahead of the tax year end.
Tax efficient investments
An integral part of tax planning is placing your money in tax efficient investments such as pensions and ISAs.
There is a lot to choose from and the landscape can look like grey clouds of confusion at times.
Luckily our specialist financial planners can demystify this for you. Look at our ISA information and begin planning how to be efficient with your investments
Maximising allowances
Each year you have a range of allowances and exemptions available to help reduce, or even, fully mitigate any liability on certain taxes.
But are you making the most of these allowances? Each year is a new opportunity for you to minimise your taxes. We can help you with this challenge, through our wide range of efficient tax planning services.
Inflation beating returns and a wide variety of investment choices
Set up your children for adulthood by using a Junior ISA to build for their future
Get a 25% government bonus through the newest addition of the ISA family
Inheritance tax planning
Many people think inheritance tax only influences wealthy families, but often this is not the case. If you own a home or have large amounts of savings you could be affected.
We can help you answer important questions about Inheritance Tax, through a comprehensive strategy, which could include gifting, insurance and vital planning to protect your estate for your family.
Advice about IHT planning
If your combined wealth is above the £325,000 you may be faced with some inheritance tax bills.
Inter- generational Planning
Intergenerational planning can be an effective way to reduce IHT, but what is it, and how can you benefit from it?
Our inheritance tax guide
Look at our guide to inheritance tax, wealth legacy and succession planning.
Specialist pension tax planning
Tax planning around your pension can be complicated and everyone’s circumstance is different.
Here at The Private Office we have built specialist knowledge in this area and can give clients solutions to what can be complex areas. We have highlighted some areas to consider
Spousal Bypass
In some circumstances nominating your pension funds to a spousal bypass trust can be advantageous.
Inheritance and pensions
You may find, if you are not careful, that you can be left with an inheritance tax bill on your pension.
Plan-holder deaths
If you are a personal representative you need to deal with issues around pensions and ensure taxes are paid.
Please Note: The Financial Conduct Authority does not regulate tax advice
Our awards
Leading expert advice
Our achievements demonstrate our continued efforts towards technical excellence, professional integrity and client service.
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Chartered Financial Planning Firm of the Year 2022/23
The Personal Finance Awards celebrate high standards and exceptional consumer outcomes within the financial planning profession. ‘Chartered Financial Planning Firm of the Year’ is the only award given at a company level by the PFS.
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The Financial Times Top 100 Financial Advisers, 2018-2023
The awards identify firms based on a range of different areas, the best investment advice firms assisting clients in the market, and those who demonstrate that savers can be certain their money is being managed by the best people.
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Top Rated Firm 2020-2024
Rated 4.8 stars of 5 at Vouchedfor
3,389 reviews for 49 advisers
Meet our expert team
People Block
Merve Oral
Financial Adviser - Chartered Financial Planner, FPFS
Merve is a Chartered Financial Planner and a Fellow of the Personal Finance Society. She creates bespoke financial plans in partnership with her clients to help them secure their financial future and enjoy their desired lifestyle with peace of mind.
Sarah Beall
Financial Adviser - Chartered Financial Planner, FPFS
A Fellow of the Personal Finance Society, Sarah has worked in financial services since 2011 and works in partnership with her clients to ensure they understand what they are capable of achieving and how they can get there. In particular, she provides clarity around complex strategies to put her clients at ease.
Daniel Schofield
Partner - DipPFS
Daniel provides advice focused on the disciplines of personal and corporate financial planning, investment portfolio management, Inheritance Tax (IHT) planning and mitigation, and legacy and succession planning.
Arrange a free initial consultation
We are committed to helping all of our clients create, sustain, protect and grow wealth for them and their families.
To ensure we are a good fit for your needs, please provide your details below and we will contact you to ask a few simple questions.
Our relationship step by step
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Discovery
A short phone call with some simple questions to ensure we’re a good fit. Initial meeting, without charge or obligation, with a qualified financial advisor to get to know you and your financial position.
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How can we help
Formulation and agreement of your bespoke service and fees.
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Solutions and advice
Detailed financial plan based on market research and financial modelling.
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Implementation and ongoing review and service
Plan execution, ongoing portfolio review, valuations and service assessment.
Contact us today to see how we can help you manage your wealth.
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