Tax Planning Services in Preston, Lancashire

At Springfield Financial Services Ltd, we offer personal tax planning services to individuals throughout the Preston area and across Lancashire. No one likes to pay more tax than they have to and with our expertise and careful tax planning, we can ensure that our clients fully utilise and maximise the tax reliefs, allowances and exemptions that are available to them. This will help you not only to avoid falling foul of HMRC, but also be safe in the knowledge that your money is working as tax efficiently as possible.

When structuring a portfolio, we will aim to utilise all of the reliefs and allowances that are available to you and, if applicable, also to your spouse/civil partner, thereby minimising the tax that you pay.

We are also able to implement more complex tax planning strategies and we regularly liaise with our clients’ other professional advisers, such as solicitors and accountants, in order to ensure that we achieve an outcome which satisfies all of your financial planning requirements.

Income Tax

The income tax rules change on a frequent basis so it is possible that you are paying more tax each year than is actually necessary. The key areas where we can help you to get maximum value include:

  • Checking that full use is being made of your annual personal tax allowances
  • Suitability of tax efficient investments, such as ISAs, unit trusts and investment bonds

Capital Gains Tax

Everyone has an annual tax-free Capital Gains Tax exemption. The annual Capital Gains Tax exemption allows you to make a certain amount of gain each year before you have to pay tax. It is actually a vastly under-used exemption but our expert team can help you to make the most of it in various ways.

  • Exploring the potential for utilising this exemption
  • Advising on how married couples can benefit from the allowance by transferring assets between themselves
  • Reviewing your current situation and objectives, and explaining in simple terms, the complex rules that apply

Inheritance Tax

With careful but relatively simple and straightforward planning, Inheritance Tax (IHT) can often be minimised and our team of experts are on hand to advise on the ways to reduce the impact that it may have on your estate.

From our base in Preston, Lancashire, we are able to advise on this crucial area of tax planning to ensure that the least amount of IHT is payable both on inheritances that you may receive during your lifetime and also on your own estate on your demise.

Tax Relief on Pension Contributions

Retirement planning is another key area of the tax planning services that we offer at Springfield Financial Services Ltd. With pension legislation having been the subject of vast changes in recent years, saving for retirement remains a very complex area, with differing rules and regulations depending on what type of plan you have and when you paid into it. For more information about tax relief on pension contributions and how we can help you to maximise the relief received, please visit our dedicated Retirement Planning page.

Get in touch to find out more about our Tax Planning Services

Springfield Financial Services Ltd offers Tax Planning Services to individuals across Preston and Lancashire, as well as further afield.

For further information or to arrange an initial no-obligation consultation, please telephone us on 01772 729 742, or alternatively, simply fill out our online enquiry form and we will give you a call to discuss your requirements.

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