The past twelve months have been tumultuous to say the least. November saw Donald Trump become victorious in his plan to become the President of America, and in June was our referendum result, which culminated in a nail-biting result of 52% voting to leave vs 48% voting remain. The consequences of both events will have global effects both politically and economically.
Whilst the Budget will be announced on Wednesday 8th March, many of the measures from last year’s Budget will come into effect in April.
Regardless of your situation; whether you are a business owner that is looking to minimise some of your tax liabilities, or an individual looking to retain and manage your wealth, it’s always worth putting your plan in motion so that you can maximise your income and protect your funds.
But, what exactly should you consider focusing on?
1.Make the most of your £11,000 tax-free personal allowance.
2.Take advantage of your annual tax-free pension contribution limit (currently £40,000) to minimise your tax. We have been specialising in pensions and retirement planning for over 15 years and our onsite team can assist in every way to make sure the most appropriate, cost effective and advantageous solution is reached on a client by client basis.
3.Gifting and other exemptions may be used if you’re looking to minimise the amount payable for inheritance tax. At Beaumont we have an in-depth understanding of the inheritance tax regulations and can provide you with specialist, tailored advice to meet your individual circumstances.
4.Let us help you review your ISAs, Capital Gains Tax, Enterprise Investment Scheme, and Seed Enterprise Investment Scheme.
Not all areas of Tax Planning are regulated by the Financial Conduct Authority.
If you’d like to discuss your financial needs with us, please contact us on 01691 670524.
Our commitment to you shows in our services, and the unbiased independent financial advice you receive. We have no ties to specific product providers allowing us to use the whole of the market to our advantage in securing the best services and providers available to meet your individual needs.