Taxation can be complex with the ever changing rules, reliefs and allowances, so it’s important to make sure you are up-to-date so that you can make your personal finance more tax efficient. Tax planning would help to make sure that you are not spending more than you need to on your taxes. We believe that tax planning and investment or wealth planning are linked inextricably. If you want to save more and make the most of your investments, it would be a good idea to cut down the amount you pay in taxes by making investments that would give you some tax relief. We provide expertise in both investments and taxes, with a variety of avenues you can explore for tax planning.
If you match the criteria required to invest in EIS or Seed EIS shares, they are an excellent option when thinking about tax planning. Investments in EIS or Seed EIS could get you a 30-50% income tax relief, which depending on the amount of investment could save you a maximum of £300,000. Apart from this other benefits of this kind of investment are Capital Gains Tax (CGT) deferral reliefs, CGT exemptions and even a CGT holiday if the gains are reinvested.