‘In this world, nothing can be said to be certain, except death and taxes'
Benjamin Franklin (Letter to Jean-Baptiste Le Roy, 13th November 1789)
Tax treatment depends on individual circumstances and is subject to change.
Taxation is an inevitable part of life, but that does not mean we have to accept it without seeking to mitigate its impact.
The principle effects of taxation can be reduced
Income Tax and Capital Gains Tax
Individual Savings Accounts (ISAs) and pensions offer opportunities to reduce the impact of tax on your investments. - “Use it or lose it.”
Inheritance Tax (IHT)
Careful planning can help you to reduce the impact of IHT on your estate so that your family, rather than the government, benefit from the money you have built up throughout your life.