Tax planning

Areas to consider:

1. Minimising taxes
2. Using tax-efficient investments
3. Applying independent taxation strategies
4. Minimising personal taxation

Planning for Tax

Your assets need to be protected against the potential threats of erosion by taxation, the effects of inflation and investment risks.

Whatever your level of wealth, there is nothing wrong in making the decision to prepare a risk aversion strategy. Risk aversion is a reasonable and prudent strategy for anyone who is sure that they already have ample to provide for themselves and their family into the future.

There are plenty of ways of preserving wealth in real terms, protecting against most of the uncertainties that may threaten it and allowing you to sleep at night, but it's unidentified risks which are a far greater threat to your wealth than tax. Whilst tax may threaten a proportion of your wealth, poorly-identified risks can destroy it all.

Risk aversion starts with asking oneself a few questions such as:

1. Is my job secure?
2. What happens if my employer goes bust?
3. How secure are my investments?
4. What happens if a company I have invested in collapses or is unable to meet its obligations?
5. Is my occupational pension safe?
6. What happens if an elderly relative has to go into residential care?
7. What happens if I divorce?
8. Do I have enough insurance?

This is just a start and you will no doubt have other points to discuss. It may not be the most motivational task but if you work through their implications of your questions and attach a probability to them, it can help clarify the issues and will form the basis of your risk aversion plan.

Our service is all about helping you with professional advice to create, build and protect your wealth and minimise your tax liability in a wealth preservation plan which we will develop and monitor over a long-term, on-going relationship.

Some forms of tax planning are not regulated by the Financial Services Authority.