TAX PLANNING MADE SIMPLE

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

Why Johnston Campbell

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.

Tax Planning - A Case Study

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

The tax landscape is very daunting and changes often so it is certainly worthwhile speaking to us. We can help to reduce your tax burden by advising you on all aspects of Income Tax, Capital Gains Tax, Inheritance Tax and Corporation Tax.

We can use legitimate tax planning to reduce your liabilities and ensure you are paying the lowest amount of tax possible. This will enhance your wealth and standard of living.

We advise on how best to use the reliefs and exemptions available to you.

With sound financial advice and planning, it is also possible to minimise any potential Inheritance Tax on your estate. This is a complex area and it is best achieved by us working closely with your trusted legal partner.

Inheritance Tax

With appropriate Inheritance Tax advice and planning it is possible to minimise any potential liability.

Life Assurance

Protect your family in the event of your death to ensure there is no financial hardship due to the loss of your income.

Trust Planning

Find out if you can minimise taxes on your estate whilst retaining a high degree of wealth control.

Our Services