Look at your existing investments, funds, your old PEP`s, or cash ISA`s and ISA funds that are not all performing. These funds under the new rules can be transferred or re-registered, consolidating your portfolio giving enhanced analysis, this makes it much easier to identify many imbalances in terms of diversification and investment risk, maximising your potential growth or income performance options incorporating adding the best funds and fund managers around.

There are tremendous tax benefits of either investing onshore or offshore.  Funds divided tax efficiently between spouses, children and civil partners, to utilise all their unused personal allowances is an ideal way to mitigate and potentially reduce the future rates of income, IHT and capital gains tax suffered.

Some of the advantages of onshore: 

Ensure that you and your spouse or partner, maximise and use your personal ISA allowances every year.  Investing through an ISA can take the rate of tax on income and gains to nil, not forgetting the opportunity of Junior ISA`s for tax-free children’s investments.

Advice on child investments is also recommended especially High Net Worth client’s gifting or assigning investment products to their children, utilising their Capital Gains Tax Allowances every tax year for each child.

Onshore bonds tax-efficient portfolio construction, with the facility to make cost-effective fund switches without the 30-day rule or creating Capital Gains Tax. In addition, utilising the tax efficient 5% rule for withdrawals is not treated as taxable income, very useful for higher rate taxpayers.

Your funds can be assigned under a trust to your spouse or children and the relevant taxation is based on their tax position at the time of encashment. As an example, if your spouse or children are basic taxpayers at the time or gifted outright without creating CGT or tax position at the time for IHT mitigation planning. Fully utilise your use of Nil Rate Bands (NRB) in respect of IHT mitigation incorporating the appropriate Trust planning.

Higher rate taxpayers maximise allowances available such as the 5% rule with regard to onshore bonds. The benefits are that this withdrawal is not added to your taxable income. An example, in respect of age allowance, incorporating gifting to spouse’s, to make sure that they remain non-tax or basic rate taxpayer whilst receiving income. This is restricted to 20 years from the inception.

With your existing family, company protection, Keyman, PHI, and Pension contributions, does your employer, your company or do you pay the premiums? Are they all set up incorrectly in an appropriate and personalised trust? When was the last time they were all reviewed and updated with all the new rules and changes in regulations?

To maximise your pension and company contributions each year prior to retirement, typically, company directors on how you pay yourself in terms of dividend and maximising the corporation tax savings and reliefs on your company contributions and personal tax relief on any contributions you make which receive relief currently at your highest rate.

We are independent whole of market advisers and free from all kinds of influence; not bound by any kind of agreement with any product provider, 25 years’ experience incorporating the many advantages of letting go traditional biases investing in both onshore and offshore global funds incorporating tax planning advice and benefits, working in conjunction with your solicitors and accountants on this subject is of paramount importance when considering onshore or offshore funds.

We welcome clients who want to be informed and we are confident about the quality of our independent, free from any restrictions advice. To back this up, give you peace of mind, we can organise for new clients to speak to any of our clients at random direct to confirm these facts. We are happy to arrange a meeting without any obligation, on both parties.

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We are authorised and regulated by the Financial Conduct Authority. Our regulated activities comprise advising on and arranging investments. Our Financial Services Register number is 583160. You can check this on the FCA Register by visiting their website at https://register.fca.org.uk/