Very few expenses are tax-deductible from earnings from employment, though a number of settled tax cases have confirmed that the scope is wider than previously thought.
Throughout life, from childhood to retirement, circumstances and priorities change. At every stage it is important to make well-informed decisions to ensure that you and your family are following the best strategies for achieving your goals.
Ideas for minimising your liability to income tax, capital gains tax, inheritance tax, and a look at tax reliefs available for pension contributions.
Gift Aid is the main vehicle for tax efficient giving to charities. It applies to any donation whether large or small, regular or one-off.
Tax planning is a year-round activity - and a very important part of your overall financial strategy.
Making your savings grow and being able to retire when and how you want is one of your most important financial objectives. But achieving this goal takes planning and perseverance.
For many people their retirement plans have been devastated by the fall of the stock market in the first decade of the new millennium, reduction in property values and the fall in interest and annuity rates. Many may question what chance there is of a 'comfortable retirement'?
No matter what your age, personal or financial status, you will have dreams, and expectations. With the impact of the ongoing flat economy also necessitating further review, we can advise and help you plan how to make your goals a reality.
If you are thinking of starting a business, you should consider, among other factors, the impact of being the business owner on all areas of your life and the degree of risk involved. Devising a strong business plan is essential to aid and help you navigate the direction of the business.
It is never too early to plan your estate. If it is large, it could be exposed to inheritance tax at 40 per cent, and if it is small, advance planning can help you ensure that your assets will go to your chosen beneficiaries. Currently only two per cent of estates have a liability to IHT.
Planning to minimise the liability to IHT is a team effort involving you and your professional adviser. To enable long-term planning to be set in place, it is important to carefully consider your planning options before making decisions about your financial planning and the distribution of your estate.
Making a Will is one of the most fundamental aspects of estate planning, yet many people do not appreciate its importance.
Every parent wants to give their children the best possible start in life - but the prospect of funding a child's education right through to university can be daunting. However, with careful planning and good advice, you can minimise those education headaches.