TAX & ESTATE PLANNING


Many people pay too much tax, either out of misunderstanding or poor planning and this is where sound financial planning can help.

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TAX BASICS

  •  Taxes can be levied directly (e.g. income tax) or indirectly (e.g. VAT on goods and services
  •  Your UK tax liability depends on your residence and dominicile
  •  You will be deemed a UK resident if you are in the UK for 183 days in any one tax year

Our Top Saving Tax Tips


It is important to identify ways to save tax to ensure that your financial affairs are run in a tax-efficient manner. Here are some of our top tax saving tips:
  •  Move assets into investments that are exempt from Capital Gains Tax
  •  Time the disposal of assets to spread over two ta years, wherever possible
  •  Carefully select assets to sell to minimise tax or generate tax-free income
  •  Non-tax payers to invest in products that do not deduct tax, or where tax is reclaimable
  •  Receive income from investments owned by the partner with the lowest tax band
  •  Make effective use of any tax breaks and gross-paying, tax-free investments (higher band taxpayers only)

FOR FURTHER TAX AND ESTATE PLANNING ADVICE

Please call us on 0208 371 5244 or contact us via email at advice@jeffreyshenryfinancial.co.uk

Jeffreys Henry Financial Services is an appointed representative of Vintage Wealth Management Limited, which is authorised and regulated by the Financial Conduct Authority. FCA number: 593380.
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