Managing Tax - Headway Wealth
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Tax has a reputation for being complex and frustrating. It requires a huge amount of work at least once a year and, inevitably, there always seems to be more to pay than you imagined. It would be fair to say that, other than for a small bunch of specialists, tax isn’t fun.

On the other hand, it is perfectly sensible to structure your finances in a tax-efficient way. The government offers a wide range of tax allowances and reliefs- that enable you to save money in the following areas:

Income Tax – Capital Gains Tax – Dividend Income – ISAs and Pension Contributions for married couples, parents, and more.

We are here to help you take advantage of those incentives, minimising your tax payments now and into the future. We’ll keep it simple, allowing you to relax knowing that there will be no hidden issues later.


ISAS and your Allowances

These come in all shapes and sizes and they are subject to change in the Budget every year. By knowing you and your full financial situation, we can ensure that you utilise every penny that you are entitled to. We’ll help structure your finances to take advantage of everything from income and capital gains tax to ISAs and pensions contributions.

Tax Planning is vital

It is very hard to become tax-efficient retrospectively. Once the tax year ends, most opportunities close with it. On that basis we can help you structure your finances from this year on. To do that, it’s crucial that we have a chance to meet virtually or in person to discuss your current tax status and goals. With our support, your tax plan will work in conjunction with your wider financial plan.

TAX & RETIREMENT

It’s easy to put money into a pension and assume the job is done. But from a tax perspective there are many ways to save significant amounts.

We can advise you on all of them, including:

  • Making additional pension contributions (including pension ‘carry forward’)
  • Pension lifetime allowance protection
  • Balancing your pension contribution against investments in tax-free vehicles like ISAs
  • Managing the lifetime allowance tax to minimise charges
  • Leaving money in your pension to minimise inheritance tax for your loved ones

NEED HELP? Book your FREE, initial consultation.

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More sophisticated tax vehicles

Depending on your circumstances and risk appetite there are certain vehicles that balance uncertainty on the downside with incentives if things go well.
These include Venture Capital Trusts, the Enterprise Investment Scheme and more.
We’ll only introduce these if they are suitable.

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