Tax planning

Nothing is certain except death and taxes…

Tax Planning

The importance of tax planning

We all understand tax is used to pay for some really important things, such as hospitals, roads and schools however none of us wants to pay more than we need to and, therefore, understanding what you should and what you shouldn’t pay, is important.

Because taxation is a complicated area of personal finance, you can easily miss opportunities to reduce the amount of tax you pay or forget to declare something for income tax purposes!

Your job, age, employment status and savings can all influence the amount of income tax you will pay each year. For example, savings interest you get that is not placed in a tax sheltered investment (a NISA for example) should be declared on your income tax return as taxable income.

And it’s not just tax you pay today, planning for the future can ensure your family receives as much of your estate as possible, rather than paying unnecessary Inheritance Tax at 40%.

How we can help

Here at Oakleaf we can help you find the most tax efficient ways to manage your financial affairs. As the saying goes, there’s two things for sure and tax is one of them!

Questions you may wish to ask us

Here are a few questions you might like us to advise you on:

  • Do my children have to pay tax?
  • How can my savings and investments work more tax-efficiently?
  • When do I have to submit my tax return?
  • What can I declare on my tax return to help reduce the tax I pay?
  • How could my family benefit, if I take tax advice on my estate?
  • How much will my family have to pay if I leave them my estate when I die?
  • Which products should I invest in to minimise my tax liabilities when I come to use it?

Information is based on our current understanding of taxation legislation & regulations. Any levels and bases of, and reliefs from taxation, are subject to change.

*Taxation advice is not regulated by the Financial Conduct Authority.


Tax treatment is based on individual circumstances and may be subject to change in the future.