Planning for Tax
All your investments should be considered in the light of your personal tax position, both now and in the future. After all, why pay more tax than you have to?
One of the best known, tax-efficient ways to hold your investments is an Individual Savings Account (ISA).
A properly planned pension can also help to reduce your tax commitment. The Killik & Co Self Invested Personal Pension (SIPP), offers a number of tax advantages, especially for higher rate tax payers and those who own and run their own businesses.
Planning is one aspect of what we do, but we can also help manage your tax affairs. For example, if you complete a tax return because you own securities that are held by us, it is very simple, and consequently, relatively inexpensive for us to both prepare and submit your tax return for you.
Inheritance Tax is also an area where we have the expertise and products to help. Our AIM Inheritance Portfolio, for example, seeks to balance a requirement for growth with an overall aim of mitigating the effects of Inheritance Tax.
If you are committed to long-term support of a particular cause or charity, you may want to consider the setting up of a Charitable Trust. As the trust is a charity in its own right, it provides exemptions from Capital Gains Tax (CGT) and Inheritance Tax (IHT).
Remember, tax planning options are continually changing and it is therefore worth regularly consulting with your Broker to make certain your position is optimised, both for today and the years ahead.
- The Killik & Co ISA - switch funds and equities and still retain all the tax advantages
- Personal Taxation Service - help with all aspects of your tax affairs
- Capital Gains Tax Service - the plans and the products to help reduce the burden, now and in the future
- Charitable Trusts - allows you to focus on your cause and benefit from capital gains and inheritance tax exemptions
- The Killik & Co Offshore Bond - invest a lump sum abroad, receive income and a number of tax advantages