This Is One Of 15 Ways To Reduce Your Tax
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Tax effective asset protection and estate planning strategies can safeguard your assets, your income and your estate from financial threats, while ensuring future continuity, safety and security of your wealth.
Asset protection can help you maintain your standard of living and preserve your ability to pass on wealth and assets as you choose as part of a legitimate approach to estate planning.
Your assets could currently be at risk of attack from business creditors, such as clients, credit card companies, employees, suppliers, partners, shareholders, and the general public.
Putting an asset protection plan in place now, designed specifically for your needs, can provide a level of protection and comfort from such financial ‘predators’.
Unfortunately, there’s no single solution, so effective asset protection requires substantial tax, legal and risk expertise, in order to draw on the full range of financial tools such as gifts, allowances and exemptions to meet your needs.
Your plan should separate and protect your portfolio of assets from external financial threats, be it business creditors, a former spouse or the taxman on your death.
One of the ways commonly used to protect assets is to set up a trust, but care is needed to ensure you end up with the right variety of trust to properly preserve your assets for the benefit of your loved ones.
Other asset protection solutions can also involve various legal structures such as Family Investment Companies, Family Partnerships and Foundations.
Being non-UK domiciled in the UK for tax purposes can have significant advantages from a UK tax perspective, whether this is in relation to Income Tax and Capital Gains Tax, or the fact that you’ll only be subject to Inheritance Tax on your UK assets.
Speak With A Tax Expert Now To Reduce Your Tax
Working alongside your professional advisers, it’s no surprise that specialist tax advisers can often identify extra opportunities for you to save tax, across a variety of personal and business areas. After all, they're experts in their field.
To discover how much additional tax you might be able to save, please complete the form below and we’ll introduce you to a specialist tax adviser to discuss your requirements.
Your initial conversation will be without charge and without any commitment to go ahead.
The Financial Conduct Authority does not regulate taxation advice.
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