Tax that's
less taxing

Welcome

Managing your wealth and tax profile requires regular review and revision. Striking a balance between managing risk and maximising your personal wealth is complex. Where you also have business interests, combining these considerations with your personal planning will add further challenges. Our team will work with you to make sure that we consider all of the various factors influencing and impacting your decisions, so that you are able to plan with clarity and certainty.

Whilst recent Budgets and Autumn Statements have not significantly changed taxes, it is important to understand the implications of the changes that have been made.

In this guide, we provide key pointers to consider as you review your affairs ahead of the tax year-end. We encourage you to take some time to reflect on your needs now and in the future so that you are able to plan ahead and ensure the right long-term structures are in place.

Unless otherwise specified, the tax rates used are those for the personal tax year to 5 April 2024 or company tax year to 31 March 2024 (2023/24). There are different rates of Income Tax in Scotland, which are highlighted where appropriate. Current tax rates, reliefs and allowances may be subject to change as the Chancellor continues to review the position with regards to the current economic conditions. We will revisit and revise this guide accordingly.

Due to the complex nature of many of the issues raised within this guide, it is intended as an outline only. You should always take advice from appropriate professionals before making any changes to your wealth or tax profile.

Do you regularly review and revise your wealth and tax profile?

Yes
No
Occasionally
I don't have a wealth and tax profile