We all must pay taxes of one sort or another, so minimising the amount that we pay therefore maximising what we keep, should be as important to you as it is to us. Whether it’s simply keeping the income tax on your earnings under control or ensuring any capital gains tax paid on disposals are as low as possible, we are here to give guidance and advice alongside your accountant. 

An ever-increasing number of families are being affected by Inheritance Tax. In your later life, to ensure your family benefits fully from your legacy in the most efficient way, we can help you reduce or eradicate inheritance tax by using a simple, but wide, range of methods and structures, which we can discuss with you and your other professional advisers. 

When it comes to future retirement and building yourself an income, all these taxes and more importantly their allowances are interlinked.

We believe putting a tax plan in place for your income is vital

At Johnston Campbell, our aim is to guide you through your financial life. For almost half a century our clients have trusted us to help them meet their goals. We don’t simply sell you products – we offer you tailored, flexible advice delivered with expertise and a high level of service. We will help you plan and manage your financial future by listening to your aims and working with you – and for you – to make them happen. 

Our simple approach helps you to understand what is important to you, what you want to achieve and then helps build a plan towards getting there. Your plan should also look at the threats that might appear along your journey that stop you achieving your aims.

Recently we advised a client looking for income in retirement. He is married and stopping work at 61.

By using their tax allowances and the products recommended, we were able to build him and his wife an income of £67,000 p.a. without them paying anything in tax.

He took £12,500 from his pension…………………………………………………………….No tax

They took 2x 12,300 from their unit trusts…………………………………………….. No Tax

They took 2x £10,000 from their ISAs ……………………………………………………. No Tax

She took £10,000 (5%) from their bond …………………………………………………. No Tax *

That is a saving of over £14,000 in income tax

*income from bond payable for 20 years as tax-deferred