Tax efficiency
Tax efficiency isn’t about avoiding tax, it’s about making the most of the allowances and incentives we are all given.
A clear tax strategy helps you work towards tomorrow’s goals, while staying compliant in a constantly changing tax landscape. But more importantly, it’s about holding onto more of the money you worked hard to earn.
Why it’s important to have a plan
Tax rules can be complex, with pitfalls like the child benefit taper and the 60% tax trap catching out many higher earners. Working with a financial adviser can help you make the most of your annual allowances, so you can grow your wealth and help maximise your tax relief at the same time.
It’s not just important in your earning years. The way you draw your retirement income has a big impact on the tax you pay moving forward. Working with an adviser to build an efficient retirement income strategy is key to making the most of your money.
The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.
What we can do for you
Maximise your allowances
Make full use of ISA allowances and pension contribution allowances each year.
Avoid hidden traps
Help you stay clear of the child benefit taper and 60% tax trap where possible.
Plan withdrawals carefully
Draw from investments and pensions in a way that minimises unnecessary tax.
Structure investments smartly
Use the right vehicles (ISAs, pensions, bonds) for your goals and time horizon.
Protect your estate
Reduce potential inheritance tax liabilities through trusts, gifting strategies and early planning.
Stay ahead of changes
Monitor the evolving tax landscape so your plan remains up to date.
The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.
Trusts are not regulated by the Financial Conduct Authority.
