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Tax Planning
Taxation is taken into account in all areas of financial planning. However, specific schemes exist to help mitigate or defer tax liability.
Inheritance Tax
With the rapid rise in property prices over the last decade or so, more and more people find that they are affected by Inheritance Tax.
There are a number of ways in which Westminster Wealth Management can help you reduce or eliminate your potential Inheritance Tax Liability. These include advising you on placing investments into suitable trusts or arranging a life cover policy that will pay out an amount equivalent to the Inheritance Tax Liability on death.
Below are some examples of the products we use for Inheritance Tax planning:
It is also important to see a solicitor to arrange an appropriate Will to minimise any potential Inheritance Tax Liability.
Income & Capital Gains Tax
Most taxpayers can benefit from investing into tax efficient products such as Personal Pension Plans and Individual Savings Accounts.
Westminster Wealth Management also advises on more complex schemes,
which are generally aimed at higher rate taxpayers. These can substantially reduce your tax bill. Each offers different benefits and drawbacks.
