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Tax

Am I paying more tax than I need too?

Advance tax planning is important to ensure that available reliefs and exemptions have been utilised, together with future planning, to enable you to reduce your tax bill. When it comes to tax, leaving important planning to the end of the tax year could cost thousands.

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Effective tax planning enables you to arrange your affairs in ways that will either enable you to postpone or avoid taxes, or achieve both outcomes. By employing effective tax planning strategies, you can retain more of your hard-earned money.

Tax planning might not sound very exciting, but it can have a dramatic effect on your personal finances. The UK tax system offers many different tax reliefs and allowances for individuals. Reviewing your tax affairs to ensure that available reliefs and exemptions have been utilised, together with future planning, could help to reduce a potential tax bill.

Identifying any tax planning opportunities

Personal circumstances differ, so it is important to ensure that, if you have not done so already, you take the time to carry out a review of your tax and financial affairs to identify any tax planning opportunities and take action before it’s too late.

We’ll arrange your taxes, investments and wider financial affairs to reduce your own and your family’s current and future tax liabilities.

CALL US NOW TO DISCUSS YOUR REQUIREMENTS

The UK tax system is notoriously complex, but the benefits of structuring your finances tax-efficiently can be significant. We can help you make sure you are making the most of the available allowances and tax planning opportunities, so you won’t pay any more tax than you need to. Contact one of Life Financial Solutions specialist tax planning advice team today to discuss your options.

020 8236 8540

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