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Let us take a careful look at how much tax you pay and on what. Tax planning is managing how much tax you pay to maximise your benefit using personal allowances, exclusions and relief and other schemes that are completely legal but minimise your tax liability.
Whether you’re self-employed, an individual or a small business, RK Wills and Estate Planning has a team of dedicated financial advisors and tax consultants who specialise in giving impartial advice on how best to manage the tax you pay. Our services include inheritance tax planning, tax planning strategies, managing capital gains tax, income tax and much more.
We offer a free initial consultation so we can get to know you and what it is you’re hoping to gain from working with us. Our team of experts have years of experience tax planning and know the best strategies to make the most of your earnings, within legal parameters.
To learn more about our services, fill in our form and we’ll get back to you as soon as possible. Alternatively, you are welcome to give us a call on 0116 326 4050 or send us an email and we’ll be happy to answer all your questions.
Minimising the tax you legitimately pay will help protect your assets and your estate, ultimately benefiting you and your family in the long-run. Tax planning is a long-term project and setting clear, achievable goals for your financial position will help you plan for a more secure future, allowing you more financial freedom, more expendable income and less stress and anxiety.
Our professional and friendly tax advisors will make sure you’re not susceptible to risk, giving you only impartial financial advice, alongside a range of options to make the most of your financial situation. Our tax strategies are tailored to each individuals’ circumstances and we’ll never tax planning that doesn’t suit your needs. Get in touch today to talk to us about your plans and let us make them a reality.
Read our FAQs to learn more about tax planning, inheritance tax and income tax.
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Inheritance tax is a tax that is charged after someone dies on an estate worth more than £325,000 (correct as of June 2023). Tax is charged at 40% of the value of the estate over £325,000. The majority of estates are usually valued at less than this threshold but it is worth considering tax planning if your estate may be worth more than this to manage the amount of inheritance tax your executors will pay.
Inheritance tax is 40% in the UK on estates worth over £325,000. The 40% is charged on the value over £325,000.
Income tax is the tax you pay on your earnings and income. This includes your salary from your employer, profits made if you’re self-employed, rental income, trust income, some grants and benefits you receive and interest on savings.
How much you pay and at what rate will depend on the value of your earnings.
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