Many questions of tax are best addressed by specialist solicitors and accountants, but there are areas where financial planners are key in managing a tax bill for a client. For example:

  • Surrendering insurance-based investments, where gains are taxed at income tax rates but may be eligible for top slicing relief.
  • Contributions to pensions may trigger annual allowance charges or breach Enhanced or Fixed Protection held by the member.
  • Crystallisation of schemes may trigger a lifetime allowance charge.
  • Investment income may cause the loss of personal allowance or child benefit, and may have an impact on the tapering of a client’s annual allowance for high earners.

If you have any questions about taxes, feel free to contact us. Please note that this is not an invitation to provide personal advice via Aegis Financial Consulting Ltd.