Helping high-net worth individuals and business owners reduce their tax liability
Every investor is looking for ways to boost their overall wealth, and even the smallest changes in the way your income and investments are structured can offer huge advantages for wealth accumulation. Effective tax planning is not just about saving money today; it’s about planning for tomorrow. We can help you understand what specific tax reliefs and allowances you’re entitled to and which ‘products’ might be most tax-efficient for you (e.g. ISAs, investment bonds, pensions).
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
The favourable tax treatment of ISAs may not be maintained in the future and is subject to changes in legislation.
The UK tax system offers a myriad of tax-free allowances that can limit the amount of tax you pay on everything from your income to your capital gains and the money you leave behind when you die.
If your investments and assets are structured effectively, you may be able to draw a relatively high level of income on your wealth but pay tax at what might seem to be a relatively low rate, simply by making use of allowances and reliefs available to you.
How tax efficient is your wealth?
Our free Tax Health Check is a simple online tool that shows you if you’re missing out on any reliefs or allowances that could make your finances more tax efficient.
Arrange a financial review
Book an appointment with one of our Wealth Managers who can provide expert advice on the most efficient tax strategies.
The levels and basis of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.
How can we help?
For business owners, your tax plan is often more complex than that of an employee, and seeking expert financial advice will ensure that you fund your pension, extract capital, and approach financial protection in as tax efficient way as possible.
At Rhodes Wealth Management, we use our experience as business owners ourselves to structure your business assets in a tax-efficient manner.
The annual contribution limits for pensions are typically higher than other tax-advantaged accounts like ISAs, and any growth of the invested assets within the pension is extremely tax efficient.
The tax relief upfront within pensions, and up to 25% tax-free withdrawals make pensions a very tax efficient vehicle for retirement savings.
With some basic planning, and a little help, you can take control of your pension and greatly reduce the amount of tax you pay both now and in the future.
We can advise you on the most tax efficient way to pass money on to your loved ones without paying too much Inheritance Tax, using a combination of strategies such as gifting, trusts, pensions, and reliefs.
We’ll also look at intergenerational financial planning, and how you can both help support younger generations and control how and when your wealth is distributed.
Trusts are not regulated by the Financial Conduct Authority.
You may need to pay CGT if you sell certain assets and the overall profit you make is more than the annual CGT allowance. We help arrange your investments as tax efficiently as possible, ensuring more of your money goes towards your future.
Business owners and certain individuals can make the most of Business Relief (BR).
Business Relief was first introduced to the United Kingdom in 1976 to enable privately owned businesses to be transferred between generations without suffering Inheritance Tax (IHT).
It is designed to help reduce or eliminate the Inheritance tax (IHT) liability on certain business assets when they are passed on as part of an individual’s estate upon their death. Where it qualifies, the relief is applicable up to 100% of the value of the business or its assets.
Not every asset or interest in a business will qualify for BR, but Rhodes Wealth Management will advise each client accordingly.
When the time is right and you decide to sell your business, there are ways to do so to minimise tax and make the process as smooth as possible. With the right advice, we can help you find a solution tailored to your needs.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select, and the value can therefore go down as well as up. You may get back less than you invested.
The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is generally dependent on individual circumstances.
Working with you
We provide face-to-face financial advice to our clients.
Giving you the opportunity to review your financial affairs regularly.
Managing your investments proactively, with your needs in mind.
Exploring new opportunities with you.
Planning for the future appropriately helps to preserve your estate and pass it to those closest to you.
Protecting those closest to you with estate planning.