A good number of us can build up quite large amounts of savings throughout our lives. Much of this can be our own pension plans, which we and our employers pay into each and every month.
As our total savings, combined with other tangible assets, increase, so do the tax implications. The tax system in the UK is complicated and it can be difficult to understand how it affects you. It’s far from obvious how to take advantage of the various tax allowances, reliefs and opportunities on offer.
Good tax planning can help you organise everything, so you don’t pay any more tax than you need to, as well as managing your overall financial plan to help avoid significant tax bills later in life.
This guide will show you what you need to consider and provide information on the opportunities available to you and your family. Click here to find out more.