Tax & Trusts Planning - Income Tax, Inheritance Tax, Capital Gains Tax
Isis Financial Planners' Maggie Fleming is one of the most experienced tax advisers in the country. Let her use her wealth of experience to advise on your tax issues.
Most investment and pension advisers are not tax experts. But at Isis Financial Planners Ltd we work together as a team to make sure that your savings and investments are as tax-efficient as possible. I can help my colleagues decide on the optimum amount of pension contribution to maximise higher rate tax relief. I can comment on the tax pros and cons of particular investments in a client's particular circumstances. When it comes time to prepare the tax return, my colleagues are able to provide me with accurate figures on investment income and pensions - an integrated, seamless service.
Income tax
In these tough times, it's important to make sure that you are not paying too much tax. If you are a higher rate taxpayer, have you claimed higher rate tax relief on pension contributions? Are you paying tax on investments that could be sheltered in an ISA?
If you are married or in a civil partnership, have you ensured that interest-bearing investments are held in the name of the partner paying tax at the lowest rate? If you are on a low income, you can apply to have your bank and building society interest paid gross, so that you do not have to reclaim the tax each year.
One client recently received a cheque for over £2,000. This was higher rate tax relief which he had never claimed on his monthly pension contributions. We were able to claim for 6 years - all the way back to 2001/02. HMRC paid him interest as well!
Another client had made a substantial gift to an opera house in a previous year but was not aware that she could claim tax relief on the payment. We made a claim on her behalf and she received £950 tax back - again including interest!
National Insurance
The tax that everyone forgets is becoming increasingly important to the Government. Somehow, ‘NIC to go up' doesn't look so bad on the newspaper billboards as ‘basic rate of tax rises' - especially for politicians who pride themselves on having brought the basic rate of income tax down!
Most people pay the correct rate of NIC but people who have two jobs or those who are both employed and self-employed may find that they have overpaid.
Property & Tax
Maggie Fleming is a regular contributor to the Daily Telegraph's Property Clinic. You can access her contributions fromour Property & Tax home page.
Thank You
"Please accept my thanks for the work you have done on my behalf. You set out my options with splendid clarity and it has been a pleasure to do business with you."
GN, Oxford
[ If you want to access the expertise of Jane, Louis or Maggie please contact Isis Financial Planners ]
I M, London
"This specialist team punches well above it's weight." Read more
Pension Case Studies - Income In Retirement - Annuity Purchase
"When I first met Jane I had a pension fund with a product provider which could only advise me about their own products. Once I met with Jane she advised me that the investment funds were too risky for me because I was nearly 70."
Pension Case Studies - Income In Retirement - Drawdown
"I'm very happy with the level of income and the tax efficiency of the arrangement which suits me very well."
