Taxation:
We can make the very best financial plans which take into account all of our present and future needs. This might include comprehensive investment management and the use of state of the art investment processes and theories.
However, if we do not consider Taxation and the impact that the various taxes have on our planning, we might as well have put our money “under the mattress”!
There are dozens of different taxes but the important considerations from a planning perspective are;
- Income Tax – the tax paid on earned and investment income, including interest and dividends.
- Capital Gains Tax – the tax on gains arising from the disposal of certain capital assets, including shares and property (excluding your principal place of residence)
- Inheritance Tax – the tax on transfers of value during lifetime and upon death.
Invariably, any form of Financial Planning will be affected by one or more of these taxes.
At Monopoly Financial Consultants Ltd, we pride ourselves on our knowledge of the tax system and how it impacts on the advice that we provide.
Our objective is to make sure that you make use of all available tax breaks, incentives, relief’s and exemptions, to ensure that your investments are working hard for you, and the effects of taxation are minimised.
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