However, in many instances it is possible to mitigate some or all of the Capital Gains Tax liability through prudent planning. At Lester Brunt, we offer tailored advice in respect of any capital gains you might realise and can help you limit the amount of tax that may otherwise become due.
Our skilled and experienced financial advisers take a holistic approach to your individual situation, listening to your needs and understanding your life as a whole in order to provide customised solutions that will limit unnecessary tax payments.
The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.
Individuals who do not exceed the AEA will not need to pay Capital Gains Tax. However, gains that are above the AEA level will be subject to tax. The amount of Capital Gains Tax you are liable for is determined by the type of asset that is being sold and your personal tax bracket. Our advisers can help you understand how much tax you might need to pay.
In an age where the online world is at our fingertips, why shouldn’t your wealth management be there as well? Our Online Services allow you to access all your wealth investments in one smart place. Whether you’re already registered, or just about to, here are some great features that can help you get the most from your online account.
Registering for Online Services with an activation code allows instant access. If you haven’t got a code, please contact your adviser. Registering online ensures all information is password protected.
Set your communication preferences to receive your digital reports and electronic correspondence.
Make online debit card payment for ISA and any JISA top ups with a debit card
linked to your account, on demand and at a time that suits you. Make payments to Unit Trusts, Retirement Accounts and new ISAs. (Speak to your adviser in order to get this process started) View the value of your investments in a range of currencies and see a breakdown of
this valuation. Instant notifications when a new document is available to view.
For every client opting for paperless correspondence, St. James’s Place will donate £5,to the St. James’s Place Charitable Foundation.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
The favourable tax treatment of ISAs may not be maintained in the future and is subject to changes in legislation.
Less well-known is that children can also have a pension fund as soon as they are born – and setting one up can bring significant tax advantages. Even if your child is a non-taxpayer, they will still get basic-rate tax relief on contributions. That means a maximum of £2,880 a year is automatically grossed up to take account of tax at 25%, giving an annual investment of £3,600
Unit Trusts provide flexibility, offering a way for you to utilise your annual Capital Gains Tax allowance. When used in conjunction with a Trust, Unit Trusts also offer an alternative solution for investing on behalf of children.
An Individual Savings Account (ISA) is a tax-friendly investment that allows you to save up to the Annual ISA Allowance, currently £20,000 per tax year, without paying Income Tax or Capital Gains Tax on what you earn. We help our clients to find the most appropriate type of ISA for their specific needs.
Money held in a Junior ISA is, other than some exceptional circumstances, held for the child until they reach age 18 when they gain full access to the account. The child is able to manage the ISA themselves from age 16 but cannot access the money until 18.
Investments held with any form of pension arrangement, Retirement Savings, Self-Invested Personal Pensions (SIPPs) or Small Self-Administered Scheme (SASS), are free from Income Tax and Capital Gains Tax. We can help you ensure you are planning for retirement in the most tax-efficient way.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as upon. You may get back less than you invest.
The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.
Trusts and Small Self Administered pension schemes are not regulated by the Financial Conduct Authority.
A Trust arrangement has a Capital Gains Tax allowance set at 50% of the allowance for an individual. If you wish to prevent beneficiaries from being personally liable for Capital Gains Tax the appropriate use of a trust, either established during your lifetime or through your Will upon death, can be the most appropriate way to achieve this objective. Our advisers can assist you with Wills and Trusts to help you achieve your planning objectives.
Will writing involves the referral to a service that is separate and distinct to those offered by St. James’s Place and along with Trusts are not regulated by the Financial Conduct Authority.
At Lester Brunt, one of our primary aims is to look after our clients and their money, we know how hard you have worked to build up your assets, and part of our job is to make sure that you get the right information to help you feel confident about retaining as much of your finances as possible. Our advisers want to put financial control back in your hands, simplifying money-management and making it easier for everyone to make informed decisions.
The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends upon individual circumstances.
For more details about services that we offer reach out to us on 01202 695801, or click the button below.
