Private Clients: income tax planning

The tax regime includes a range of reliefs and allowances, which can be offset against your tax bill.

So it makes sense to use of all the opportunities open to you to minimise your tax bill. After all, no-one wants to pay more tax than they have to.

But many people miss out because they leave it too late – so it makes sense to seek advice from a tax professional, who can identify early opportunities for advance planning to benefit you. We can advise on options including:

• benefits in kind
• the best combination of salary and dividend, where appropriate
• company car options
• equalising income between spouses
• pension contributions
• the timing of dividend payments
• tax-effective investments.

The Financial Services Authority does not regulate tax advice.

To find out more about how we can help you, please contact LRH accountants in Halifax.