Most clients will be familiar with government-incentivised investments such as pension contributions and ISAs. However, many are unaware that UK tax law and revenue rules allow investment into other tax-reducing investments that attract immediate and longer term tax savings.
The merits and benefits of these investments need careful examination and must be considered as higher risk investments. However, if deemed appropriate, they can help UK tax resident individuals reduce their income tax, defer capital gains tax, and in some cases, protect wealth against inheritance tax. Some investments can generate a healthy tax-free income from tax-free dividends.
To speak with one of our senior financial advisers about your current tax position and to see if it is possible to mitigate your current tax bill or future tax exposure, please contact our team below: