Tax planning
We will ensure you utilise your available allowance, so you don’t pay any more tax than you need to.
Tax planning
Structure your wealth efficiently
No one likes to pay tax on their hard-earned money, but few understand the intricacies of the UK tax system. Fortunately, you don’t have to tackle tax planning alone. We provide advice and guidance on the benefits of structuring investments in a tax-efficient manner, which can provide huge benefits.
The more tax your investment pays, the harder the investments must work to achieve the same returns. We will help structure your investments in a tax-efficient manner, from using ISAs and utilising Capital Gains Tax exemptions.
How we help
Make your money go further
Whether you are planning for retirement or have already started to take pension income, we help you utilise all the available allowances.
Some of the areas we help with include maximising pension contributions and structuring income payments from other investments. We can also retain funds in pensions to reduce or manage a potential Inheritance Tax liability.
If you’re thinking ahead about later life and worried about passing on wealth, we will design a bespoke estate planning strategy that uses tax-efficient strategies. This could be gifting unused income or utilising trusts, life assurance or investment structures. We will work hard to ensure your money ends up in the right hands.
How we help
Utilising tax allowances
The government gives everyone various tax allowances and reliefs each year, and making the most of them can save you a lot of money. We help you structure your finances to ensure these are utilised effectively. These allowances include:
- Income Tax
- Capital Gains Tax
- Dividend Income
- Contributions to ISAs and pensions.
How we help
Ensuring investments are tax efficient
The more tax your investment pays, the harder the investments must work to achieve the same returns. We help structure these tax-efficiently by using ISAs and utilising Capital Gains Tax exemptions. These strategies help reduce the level of tax you will pay on your investments.
How we help
Minimising tax in retirement
Whether you are planning for retirement or have already started to take pension income, we help you utilise all available allowances. Some of the areas we help clients with include:
- Maximising pension contributions
- Structuring income payments from other investments
- Retaining funds in pensions to potentially reduce or manage a potential Inheritance Tax liability.
How we help
Reducing Inheritance Tax
Passing on the wealth you have worked hard to build is often complicated. But with careful planning, we can help you pass on money in a tax-friendly manner to those you love.
We can design an estate plan that uses many strategies. This could be gifting unused income, utilising trusts, life assurance or investment structures. Pensions are currently one of the most tax-efficient ways to leave money to the next generation. The use of these strategies will depend on your individual objectives and future financial plans.
How we help
Tax-efficient solutions
Where appropriate, we can help you with more sophisticated tax-efficient investment solutions including Venture Capital Trusts, Enterprise Investment Schemes, Business Relief or AIM portfolios.
These styles of investments are higher risk in nature, and therefore, to appeal to investors, the government currently offer investors the potential to benefit from a number of tax reliefs, depending on the investment used, which include:
- Income tax relief
- Tax-free growth
- Inheritance Tax relief
These investments are higher risk and are not suitable for all investors.
We have put together a guide outlining 10 ways business owners can tax-efficiently take money from their business.
How we help
Our Portfoliosense® service
Portfoliosense® was born out of the scientific study of how capital markets work. It is intellectually robust, with all decision-making based on Nobel prize-winning academic theory and strong empirical evidence. Quite simply, it is evidence-based investing that is built around a set of principles.
Learn moreClient stories
Let our clients do the talking
We didn’t get here by accident. We had help from Henwood. We feel incredibly lucky and fortunate to have this time.
If I was to have planned what I would want from a service, Nick and his team have ticked every box.
We can rest assured that the decisions we are making are good ones and that our family and children are going to be looked after.
We’re heading in a much better direction than we’d ever get to with another financial adviser. It’s not too strong to say it has changed our lives.
A business owner should engage with a financial planner at the earliest opportunity so they build up a relationship and have a support network behind them.
Some of the questions Nick was asking us were much broader than just looking at finances, he was looking at lifestyle choices.
Henwood really has helped us to live the life we want. All the staff know us and give us a warm welcome whenever we go there and I trust the whole team for their knowledge.
All the people we deal with make you feel like you’re the only person they deal with. They’re very individual in the way they handle your issues.
I’ve been impressed by the way Nick has chosen to work with a select number of higher value clients, which means the business can deliver a highly personal service.
One of our friends had recommended Henwood and we were immediately impressed.
We always get the impression that the whole team at Henwood have our best interests at heart and are focused on what we want to do, rather than pushing products and services.
I felt an instantaneous connection with Henwood and the way they operate their business. They have a totally customer-centric and relationship-based approach.
