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Personal Finance & Tax Advice
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Personal Finance & Tax
Our expert teams provide personal finance and taxation advice in a clear, uncomplicated and approachable manner.
Personal finance and taxation is becoming more and more complex, with ever increasing responsibility being placed on the individual UK tax payer. From individuals, to families to business owners proper financial and tax planning will help you to avoid possible pitfalls, minimise your tax liabilities, safeguard your wealth and provide a legacy for your children. It is also important to seek advice before taking any life-changing steps such as making gifts to children or selling your business.
At The MGroup, we can support you across the range of our expertise because of the way we collaborate; particularly between our accountancy practice and independent financial advisors.
During your initial meeting, one of our partners will identify and guide you through which services could help you in the short and longer term. For example, there may be specific or general tax planning opportunities which would lead to working with one or more of our personal tax managers, or we may recommend one of our independent financial advisor contacts.
Regardless of your unique route, your partner will stay involved throughout the process.
We can help with
- Personal Finance Planning / Wealth Management: An independent financial advisor will be able to advise on the financial implications of activities such as investments, advise on legal requirements and with input from ourselves identify potential tax savings
- Income Planning: If you have income from a number of sources, we can help you set up a tax efficient structure
- Inheritance Tax: Up to 40% of your estate can be paid to the government in inheritance tax. We can advise you of the legal ways you can reduce this tax burden, such as the setting up of trusts, tax efficient wills, reliefs and making use of gifts
- Capital Gains Tax: Capital Gains Tax is due on the sale of assets, including those held abroad. Through consideration of timescales and making full use of the tax reliefs and exemptions available to you, you can minimise your tax liability
- Retirement Planning / Pensions Advice: For individuals considering their pension position we can work with independent financial advisors to consider the pension options and their tax implications
GET IN TOUCH
We are efficient and friendly advisers and are always happy to advise you on any business matters.
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