2 / 26
1
Tax and Financial Strategies
2016/17
For all the media controversy about the tax
arrangements of multinational corporations,
sensible tax planning within the law remains
a perfectly legitimate practice for normal
businesses and individuals.
There are numerous allowances and incentives
in place, and this guide is designed to help
make you aware of the main opportunities for
minimising tax, so that you might incorporate
them into your financial strategy.
However, the sheer complexity of the UK tax system means that you need expert
advice and planning strategies in order to remain compliant, while also ensuring
that you don’t pay more tax than is necessary. We therefore recommend that
you view this guide as a starting point, and contact us for specific advice. Every
individual and every business situation is different, and what works for one party
may not be appropriate for another.
Remember also that minimising your tax liability should form just one part of your
financial planning or business development strategy, and it should not be viewed
as an end in itself to the detriment of your wider goals.
As your advisers, we can help you to meet those goals – do contact us for
one-to-one advice tailored to your individual circumstances.
How to benefit from our services:
Please read those chapters which are relevant to you as soon as possible.
• Take note of the key points arising from this guide, and any action you may
wish to consider
• Contact us to discuss your action points, and to evaluate your long-term
financial plans.
We would welcome the opportunity to assist you.
The general effect of the Civil Partnership Act is
to treat registered civil partners on a consistent
basis with married couples. For the purposes of
this guide we have on occasions referred only
to spouses.
‘HMRC’ refers to HM Revenue & Customs.
This guide is based on current understanding
of legislation and the Government’s proposals
at the time of publication and under no
circumstances should action be taken without
first seeking appropriate professional advice.
Contents
Page(s)
Introduction
2
Business tax strategies
3-7
Tax and employment
8-10
Business exit strategies
11-12
Personal and family
financial strategies
13-15
Retirement planning strategies
16-17
Savings and investment strategies 18-19
Tax-efficient estate planning
20-22
Key planning points
23
Tax calendar
24