Income Tax Planning

We like to understand our clients needs and wishes, and most clients seek to pay the least income tax that they can legally.

There are a number of ways to reduce your income tax bill such as:

• Make pension contributions
• Gift Aid contributions
• Equalising income between spouses or civil partners
• Remuneration planning
• Use of losses on certain types of investments and from self employment
• Relief for interest paid
• Enterprise Investment Scheme investments
• Venture Capital Trusts
• SEED EIS
• Gifts of land or shares to charity

Most clients appreciate our assessment as to what is possible and sensible for them to do in terms of income tax planning and we can advise on possible income tax minimisation strategies.  It may well be that the solution lies in using a number of options to reduce your income tax bill and perhaps secure a lower tax rate.