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Tax and Financial Strategies
2015/16
Tax has become a political hot topic in recent
years, but the fact remains that sensible tax
planning within the law – making sure you take
advantage of the allowances and incentives that
the Government has deliberately put in place –
is perfectly sound practice.
The UK tax system is extremely complicated, and you need expert advice and
careful planning in order to remain compliant, while also ensuring that you don’t
pay more tax than is necessary.
Lowering or deferring tax should form a part of your wider financial goals, such
as growing your business or achieving financial security for yourself and your
family. As your advisers, we can help you to meet those goals.
In this guide we have explained some of the key areas to consider when planning
how to optimise your business profits and personal wealth. However, every one
of our clients is unique, so do please 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.
Contents
Page(s)
Introduction
2
Strategies for you and your family
3-5
Business tax strategies
6-10
Tax and employment
11-13
Strategies for exiting your business 14-15
Retirement planning strategies
16-17
Savings and investment strategies 18-19
Estate planning strategies
20-22
Key planning points
23
Tax calendar
24
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.