There are very few things that you can guarantee in life, however Taxes seem to be one of them.
Focusing on financial improvements isn’t always about looking for the perfect investment or obsessing over long-term savings rates.

One of the simplest elements to making the most of your hard-earned cash is to look at how tax efficient you can be. It will come as no surprise that a large lump of your income disappears before it hits your bank account each month. Tax deductions come in various forms, from direct methods like Income Tax, National Insurance or Corporation taxes for business to changes in personal circumstances like Inheritance Tax. So can getting your house in order actually make a difference when it comes to how much tax you pay?

Between Autumn Statements, Budgets & Fiscal Events, there seems to be changes to our tax system every few months. The Chancellor has a limited arsenal at the best of times, but when you throw in the need to weigh up political considerations (especially in the run to an election) verses the actual income the Treasury needs to fund the country it becomes increasingly difficult to balance where it all comes from.

On a personal level, there are a number of financial methods and products that can mitigate paying more tax than you need to. Please let me state quite firmly, this isn’t about looking at ways to avoid paying taxes you owe, it’s about collectively arranging your finances to maximise their efficiency. It’s worth exploring what options are available to you, how easily you can make the changes and how big the benefits are.

Obviously, if you would like professional advice on this matter or if you wish to discuss your financial situation, feel free to get in touch.