Tax Planning

Tax Planning

The Financial Conduct Authority does not regulate on Tax Planning.

Tax treatment varies according to individual circumstances and is subject to change.

When it comes to taxation, whether it’s income tax, corporation tax, or Value Added Tax (VAT), it is prudent to ensure you’re not paying more than you should. Tax can be very complicated and Her Majesty’s Revenue and Customs’ (HMRC) rules, reliefs and allowances often change, so it’s important to make sure you are awon the right side of the law.  With our understanding how taxation works we can help you manage your finances in a tax efficient way.

Increasingly people are concerned about social and moral impact of taking part in complex schemes to avoid paying tax (not to be confused with evasion which is against the law). Indeed there has been a general trend to a more personally-ethical approach resulting in sensible and simple tax planning methods. This is now more about playing by the spirit of HMRC’s rules rather than looking for tax loopholes. There have been a number of high profile cases which have resulted in unwanted publicity even where the businesses and individuals involved have not broken any rules.

Sovereign Wealth Management can work with you to ensure that you do not fall foul of strict rules around Inheritance Tax, Capital Gains Tax and other regimes. We can also ensure that you are making the most of various allowances including optimising your pension contributions, benefiting from charitable donations and minimising your taxable income as well as ensuring that you are making the most of tax efficient investments suchs as Individual Savings Accounts (ISA’s).