Tax, Trust & Estate Planning*

There is no time like the present to take a good look at how you could reduce your taxes and improve your financial plans. There are various allowances and reliefs available that can help minimise tax liabilities arising on earnings, profits of trade or gains when you sell chargeable assets. But understanding what they are and which ones you are entitled to can be a daunting task. By taking steps now and getting professional independent financial advice from MH Wealth Management you could mitigate or prevent potential future tax burdens for you or your family.

There are an array of simple things you can do to reduce your tax burden, such as:

• Make full use of your personal allowances.
• Use your ISA allowance.
• Top up your pension contributions.
• Plan to reduce your capital gains tax liability (GCT).
• Plan for inheritance tax (IHT).
• Trust planning.

But even these relatively straightforward items have much “devil in the detail” as rules, regulations and allowances often change. As always, at MH Wealth Management we want to understand your own unique wants and needs and provide the service to match. Our service will give you the peace of mind that you and your family are well looked after.

*Not regulated by the Financial Conduct Authority

Thresholds, percentage rates and tax legislation are subject to change.  Levels and bases of, and reliefs from, taxation are subject to change and their value depands on the individual circumstances of the investor.