Tax Year End Support

Realising gains at the end of the tax year is a common activity but when investments are brought at different times the dreaded ‘share pool’ comes into play and the calculation of how much to surrender to use up your Annual Exempt Amount (AEA). This video takes you through a case study on how to realise gains up to the AEA and equally important, what you might want to do with the proceeds.

Working out how much you can pay into your pension can be quite tricky, especially when you need to consider the interaction of the Annual Allowance with the general tax relief rules. In this video we look at the technicalities of getting to the important part - how much can I actually pay into my pension and get tax relief?

Investment income and gains may not actually be subject to tax but might still trigger a need to self-assess.   In this short video we look at when investment income and gains trigger self-assessment returns along with some planning thoughts.

Tax relief isn't as simple as 20%, 40% and 45%, client circumstances dictate the level of tax relief. In this video, we explain how you work out tax relief and where higher than marginal rates can be found. The higher the relief, the higher the return!

Inheritance tax (IHT) receipts and IHT paying estates is on an upwards trajectory. In this video we look at the technicalities of the annual and small gifts IHT exemption - how they work and why you might want to use them.

Individual Savings Accounts (ISA) are a cornerstone of any financial plan and a tax wrapper 'no brainer' for many. This video looks at why you should be putting your cash into an ISA and, maybe more importantly, what if you don't have cash in the bank?

Maximising use of peoples allowance to meet their objectives is a key part of financial planning. In this video, we explain the ins and outs of making sure you use up all of your Annual Allowance.

Some would say that the normal expenditure out of income exemption is the most generous of the Inheritance Tax (IHT) exemptions - it's unlimited. This video looks at how it works and also how you might use it to start making inroads in your client's IHT liabilities.

Making sure you have enough in pensions is essential. Those closing in on retirement will be especially concerned that they have enough in their pot to last them. Funding “one last hurrah” whilst your client has relevant earnings into a pension can be a valuable top up. But there are the recycling rules, so what can be done?

The normal expenditure out of income exemption is generous but there are three conditions that must be met. This video considers a case study showing how a client can meet their IHT planning objectives using this exemption.