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Tax Planning services
Taxation is the money we must pay to the UK government on items such as our income, capital gains, property and business interests. Taxes either direct, such as income tax, or indirect such as VAT are a part of everyday life.
Our tax planning services include certain products, allowances and guidelines to ensure your money is working as hard as possible. Our goal is to build a tax-efficient portfolio that is uniquely yours, ensuring the tax you pay is ultimately a fair, yet minimal amount.
Why is tax planning important?
The impact of poor tax planning should not be underestimated. A proactive approach to tax planning can significantly enhance your financial position, benefiting you, as well as potentially your loved ones or your business. By utilising available tax allowances, exemptions and strategic planning, you could achieve your financial goals more quickly and retain more of your wealth.
Ultimately, effective tax planning is not just about ‘paying less’; it is about maximising your benefits and aligning your financial structure with your long-term objectives.
Do I need help with tax planning?
We can all benefit from being in a strong tax position. UK tax rules can be complex and they often change, so it is important to get advice before making decisions.
Tax planning is not a ‘one size fits all’ approach. Your personal circumstances and financial position should guide the advice you receive and the plan that is put in place.
TPO’s approach to tax planning
Step 1 – Understanding 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.
Step 2 – Understanding your current situation
We take time to understand your current financial position. This helps us to identify your tax position in relation to income, capital gains and inheritance tax.
Step 3 – Making the most of available allowances
Many valuable tax allowances are refreshed each year. We ensure you are making the best use of what is available to you, including your Capital Gains Tax (CGT) allowance, personal allowance, ISA limits and annual gift exemptions.
Step 4 – Being tax efficient
We incorporate the most tax efficient combination of products and use of allowances for your circumstances. We also explain the benefits and drawbacks of any strategy, using full cashflow planning so you can see the possible long-term impact.
Step 5 - Maintaining suitability and regular reviews
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
- Maximise your tax allowances
- What is Capital Gains Tax?
- Inheritance tax
- Intergenerational Tax Planning
- What is an ISA?
- Tax Year End
- Spousal Bypass Trust
- How much can you inherit before paying inheritance tax?
- What is the inheritance tax nil rate band?
- What happens to a pension when someone dies
- Stocks and shares ISA
- Lifetime ISA
- Junior ISA
- Will my Pension fund be subject to Inheritance tax?
- All tax allowances and reliefs for 2026/27
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, 2018-2025
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 2020-2026
Rated 4.8 stars of 5 at Vouchedfor
6,041 reviews for 52 advisers
Meet our expert team
Our team members have extensive experience in the UK financial and investment industries. From specialists to support members, The Private Office is home to some of the finest Chartered independent financial advisers in the UK.
People Block
Steffan Alemanno
Senior Financial Adviser - Chartered Financial Planner, APFS
Helping clients navigate their financial goals, Steffan is a Chartered Financial Planner who supports a wide range of planning needs and prepares them for both today and the future.
Ellie Jarvis
Senior Financial Adviser - Chartered Financial Planner, APFS
Based in Leeds, Ellie is a Chartered Financial Planner guiding clients nationwide through retirement, tax, investment and broader financial planning decisions.
Alex Hatfield
Partner - Chartered Financial Planner, FPFS, MCSI
Alex, Partner and Chartered Financial Planner, helps clients plan for every stage of life, using cash-flow modelling to give clarity and confidence in their financial future.
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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