We will need to see tax documents such as recent employee payslips or your P45/P60. This can make your position clear on National Insurance (NI), Capital Gains Tax (CGT), dividend tax and income tax. If you are self-employed, bring your most recent Self Assessment tax return (previous returns will be helpful).
Efficient tax planning advice
Taxation can be a particularly complicated, ever-changing landscape. Professional advice from our team can help minimise your tax liabilities so you can preserve and grow your wealth.
Tax treatment varies according to individual circumstances and is subject to change.
The Financial Conduct Authority does not regulate tax and estate planning.
Contact our team for an assessment of your current taxation position.
Get in touch
Get in touch
EFFICIENT INVESTMENT STRATEGIES
Preserving your wealth through efficient planning
Analysing and arranging your financial situation to minimise your exposure to unnecessary taxation is vital for protecting and growing your funds. Without tax planning you could end up overpaying which is likely to have a significantly detrimental effect on your overall income. Our team of experienced, professionals will discuss the most suitable and efficient ways for you to manage your wealth. They will devise a plan and look at your sources of income, investments, expenses and any potential deductions. The types of tax – and amounts – you will be obligated to pay will depend on many variables, such as your employment status, your investment portfolio if you have one and the investments it includes. Typically income tax, dividend tax, salary sacrifice, tax-efficient investments, Stocks and Shares ISAs, pension contributions, Capital Gains Tax (CGT) and inheritance tax will be evaluated. Though, of course, there are many other kinds.
- Call: 0115 795 0423
- Email: wealthadvice@jlwm.co.uk
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Inheritance tax planning strategies
Several areas need attention when it comes to inheritance tax planning. We take a holistic approach to ensure nothing is missed, looking at everything from gifts and exemptions to your will.
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Capital Gains Tax management
Capital Gains Tax is a tax on any profit you make when you sell or dispose of an asset that has gained value. Assets can include anything from personal possessions to property.
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Tax advantaged retirement planning
Our retirement planning team will look at your financial and personal circumstances, your vision for your retirement and then look at tax advantaged ways to help you achieve this.
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Business owner planning
The type and amount of business owner taxation you need to pay will depend on many variables – whether you are self-employed or a director, for example. We can keep things tax-efficient for you.
Maximising deductions
It’s important to take advantage of all tax deduction allowances you are entitled to – from travel expenses to bank charges.
Tax and estate planning
Personalised estate planning services
James Leighton Wealth Management’s team help you protect your assets and manage your tax liabilities, as well as ensure your wishes are honoured through wills, trusts and other legal means. We can take care of everything, including matters like settlement of estate planning, taxes and debts, making plans for any financial obligations that may arise.
Family tax planning
Smart and efficient planning
Family tax planning is about utilising all exemptions and allowances that are open to you. All of us in the UK have a personal tax-free allowance and are taxed independently. When looking at family taxation, we take a holistic approach to your own unique set of circumstances, as well as the circumstances of other relevant family members.
Tax advantages of gifting
Reducing your inheritance tax
One of the biggest reasons that people gift property is to reduce their inheritance tax liability. It’s a matter of protecting their wealth so that they may pass it on to loved ones or younger generations, without losing vast sums by doing so. As you gift property to your spouse or children, you are reducing the overall value of your estate.
Why James Leighton Wealth Management?
Bespoke tax planning solutions
James Leighton Financial Services has been supporting clients since 2010 and is an appointed representative of Quilter Financial Services Limited, who are authorised and regulated by the Financial Conduct Authority.
James Leighton Wealth Management was introduced to give clients access to clear, personal financial advice alongside the firm’s established financial services experience. Our tax planning team will work with you to help structure your finances in a tax-efficient way, taking into account your personal circumstances, financial goals and long-term plans. They will identify suitable strategies to help you make the most of available allowances and minimise unnecessary tax liabilities wherever possible. We are proud to make financial planning services accessible to more people by keeping our fee structures low.
We are based in Nottingham and can work with clients locally, across neighbouring areas and remotely throughout the UK.
James Leighton Financial Services was recognised as Business of the Year 2023 and Best Mortgage Firm 2023 at Quilter Financial Planning’s Key Accounts Awards.
- Call: 0115 795 0423
- Email: wealthadvice@jlwm.co.uk
FAQs
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What tax documents do I need to show my financial adviser?
A
Q
Do I really need professional tax planning services?
A
This depends on your circumstances. People tend to use tax planning services if they have had a major life change, if they own a business or have multiple sources of income, if they are preparing for retirement or estate planning, or if they simply want to save themselves time.
Q
What should I look for in a tax planning service provider?
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The most important thing to be certain about is whether you trust them to take care of your taxes. This is vital as the consequences can be very high should their work be unlawful in any way. You can get a feel for how trustworthy an adviser is by talking to them and checking their experience, qualifications and client feedback and testimonials.
Wealth management
Planning for your financial future? Our wealth management advisers provide personalised advice and trusted support to help you achieve your long-term goals.
Retirement planning
Thinking ahead to retirement? Our advisers provide specialist guidance and personalised support to help you achieve your retirement goals.
Savings and investments
Looking to grow your wealth? Our savings and investments advisers provide clear guidance and dedicated support to help you make confident financial decisions.
Estate planning
Hoping to protect your legacy? Our estate planning advisers offer personalised advice and support tailored to you and your circumstances.
£1,000+
tax reliefs are available in the UK system*.
Generally, HMRC splits tax reliefs into ‘tax expenditures’ and ‘structural reliefs. Some reliefs fall under both categories.
*Source: https://researchbriefings.files.parliament.uk/documents/CBP-8513/CBP-8513.pdf