The UK tax system can be extremely difficult to navigate. Our Financial Planning team can take the pain out of this complexity by helping you structure your wealth in the most tax efficient way.

One of our experts will help guide you with a financial review, where we’ll discuss your situation in depth. There’s no obligation with this first chat – you decide if we’re a good fit and would like us to help you. Call us on 0370 1500 900 to arrange your free consultation.

What Is Tax Planning?

Tax planning is the process of working with a financial planner to structure your wealth in a tax efficient manner.

Using a complete picture of your finances, a financial planner will take into account your current position for:

• Income Tax
• Capital Gains Tax
• Inheritance Tax.

They’ll then come up with a plan that minimises the amount of tax you’ll pay.

Everyone has to pay their fair share of tax. However, there are many legal ways to reduce your tax bill using the exemptions, reliefs and allowances available to you. For example this could be as simple as making the most of your ISA allowance, or paying more money into your pension.

But for people with a significant amount of wealth, tax planning becomes a more complex process. This might involve putting some of your assets into trust, or considering leaving a legacy to charity (charitable giving in a will could help your estate pay less Inheritance Tax).

Our Approach To Tax Planning

We pride ourselves on the personal service we provide. Understanding tax is one thing, but understanding you is just as important. We’ll take the time to get to know you and what you want to achieve financially, in both the short and longer term.

We offer a financial review where we can discuss your situation. We can even give you a second opinion on an existing financial plan. There’s no obligation to continue with us after this first meeting.

If you do choose to use us, we’ll provide you with a detailed financial plan that:

• Helps you understand your current tax position
• Recommends actions to help you structure your finances in a more tax-efficient way.

A financial plan is only truly effective though when it’s regularly reviewed. Your circumstances will change – you might move jobs or buy a new house for example. So your financial plan needs to change to reflect the changes in your situation. Our advisers will review your plan at regular intervals to make sure it still meets your objectives.

Why Choose Irwin Mitchell?

We’ve been providing financial planning services for over 20 years.

We’re award winning too. In 2021 we won Active Manager of the Year at Money Age’s 2021 Asset Management Awards.

Our team prides itself on the friendly, high quality and responsive service we provide. This was recognised externally recently when we won the Customer Service Team of the Year at the 2021 Yorkshire Financial Awards.

We offer a one-stop-shop for all your legal and financial needs. Across Irwin Mitchell we have:

• Financial planners
• Wealth managers
• Lawyers
• Chartered tax advisors
• Accountants.

We’ll build your tax planning team around you and your needs. This allows us to deliver you a seamless service that makes the process of tax planning as painless as possible.

Contact Us

Call us on 0370 1500 900 to book a consultation with one of our advisers.