Minimising your tax
As you build your wealth, it’s understandable you want to take measures to protect it for yourself and future generations. We work with you to manage your wealth efficiently, using proven tax minimisation strategies to help you meet your obligations while avoiding unnecessary costs.
Strategies to lower your tax bill
Tax planning is an important part of financial planning. Many people miss out on a range of tax breaks, allowances and deductions as they’re simply unaware of them or don’t know how to minimise tax. This creates an extra burden and erodes your wealth over time.
We’ll structure your finances so they’re working as tax-efficiently as possible. By using tax strategies for high income earners, not only could you ease the tax burden and keep more of your hard-earned money, you could also enhance the potential return from your investments.
How we can help
Whatever your goals, we ensure tax-efficient investing as standard with our services.
Wealth planning
Feel more confident in your future, as our experts bring clarity to your finances.
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Inheritance tax planning
Understand how to leave a lasting legacy with the help of our experts.
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We leave all the organising to our Canaccord Wealth Planner. She knows exactly what we want to do and makes sure the money is there when we need it.
How we helped Suzanne and Ben to pay less tax
Suzanne and Ben are in their mid-fifties. Suzanne is a successful barrister bringing home £125,000 p.a., while Ben is a freelance movie editor earning good money on film jobs but is often out of work. They have two adult daughters who are each planning to be married soon.
Common questions on minimising tax
You can reduce your tax bill by making the most of tax-efficient options like ISAs, pensions, or Venture Capital Trusts (VCTs). For instance, if you’re a higher-rate taxpayer, you can receive up to 40% tax relief on your pension contributions. Our Wealth Planners can help you get clarity on which tax minimisation strategies will work best for you.
Our Wealth Planners are committed to ensuring you pay the appropriate amount of income tax - maximising your pension contributions and charitable donations, while restructuring your income streams to make the most of your tax-free allowances. All these measures and more can make a big difference to your tax bill.
High earners can face as much as 45% in tax. If you want to safeguard your money, it’s important to understand how to reduce the tax liability for high income earners. Being strategic with your pensions, investments and gifting can all help you minimise how much of your wealth is exposed to inheritance, capital gains, or income tax.
