Tax Planning
Are You Being Tax Efficient?
One of the most important areas where we can help assist both new and existing clients is the area of tax planning. The dictionary definition of Tax is ‘a compulsory payment levied by a government on income, property, etc to raise revenue’. Whilst it may be compulsory, there are many ways of reducing the tax you have to pay.
There are many different taxes; income, corporation, capital gains and inheritance tax to name a few. At McCreas we have access to many investment and retirement planning vehicles which offer tax breaks and with careful planning our investment specialists can help you reduce your tax bill where possible.
Douglas, we would like to express our thanks and appreciation for your advice over the past 17 years on the way to invest my redundancy money, not to mention re-investments over the years. We have been very pleased with the outcome and now have a very healthy portfolio.
JC - Glasgow
How We Can Help
There are a number of options we can look at to help you with tax-related matters and enable you to consider the best way to manage your financial affairs. When looking at investments for clients, we would look at both new and existing arrangements.
This can be making sure that clients use their ISA allowances each year, as well as considering the other investment structures used to invest money.
The use of pensions is very important for tax planning. Pensions can offer significant tax relief on contributions which are of benefit to all, especially for tax payers who can benefit from 40% or 45% tax relief.
If you'd like to make an initial free no-obligation appointment to establish or review your plans, you can contact us by email or by calling the office on 0141 572 1340.
The tax treatment depends on the individual circumstances of the investor and may be subject to change in the future. Levels of taxation are subject to change and their value depends on the individual circumstances of the investor.