Tax Planning
Independent research has shown that billions of pounds are wasted each year unnecessarily in tax payments to HM Revenue and Customs. As part of our advisory process Philpott Reed Partnership will help you to take advantage of the tax breaks that could apply to you.
This could include simple steps such as ensuring you make the most of your personal allowances, pension contributions, using your annual ISA allowance and ensuring you make full use of your capital gains allowance each year.
Inheritance Tax Planning
Without proper planning in place in many circumstances the Chancellor could become the largest individual beneficiary of your estate. At Philpott Reed Partnership we are experienced at advising clients on estate planning helping to ensure that as much of your wealth as possible is passed to your family or nominated beneficiaries.
We can show you how to reduce the potential IHT liability on your estate whilst at the same time retaining control over your assets and ensure that you make full use of your yearly exemptions and the IHT nil rate band. This guarantees the most effective ways of passing on your wealth to your spouse, children, grandchildren or other nominated beneficiaries.
A full bespoke tax planning service is also available to clients through our relationship with O'Haras Chartered Accountants*.
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