Tax shouldn’t be taxing

Tax Planning

If you’re a higher-rate or additional-rate taxpayer, you could be paying more tax than you should by missing out on top-up tax relief on your pension contributions. While pension providers automatically claim 20% tax relief on your behalf, you will need to claim the extra 20% or 25% tax relief yourself through HMRC or your Self-Assessment tax return. Many people don’t realise this, so hundreds of millions of pension tax relief goes unclaimed each year. You can also claw back unclaimed relief for up to four previous years.

The UK tax system is full of intricacies like this, which makes it challenging for people to keep up. Often, this leaves them paying more tax than they would otherwise and leaving less wealth to their loved ones.

Our financial planners can talk through your situation, understand where you want to go and help you get there. Ask us for a call back or to book a free initial consultation today and see how we can help you grow, preserve and pass on your wealth.

See how Tax Planning could benefit you

We have a team dedicated to supporting people like you. Please get in touch to discuss your financial needs today.

Current Your Details
More about you
Protecting your data

Reason for enquiry

Title

First Name

Last name

Phone number

Postcode

Preferred office

Investment Amount

If you need immediate assistance, please don't hesitate to call our Helpdesk at 0800 151 3355. We're available Monday to Friday, from 8am to 6pm (excluding bank holidays), and we're here to help with any questions or issues you may have.

If you're interested in registering for MyRathbones, please reach out to your investment manager directly. For more information on MyRathbones, you can visit our website here.

If you are an existing client, please contact your investment manager directly to address your query or visit ⁠our people page.

Tax efficiency

With hundreds of tax reliefs available and a constantly changing rulebook, the key to tax-efficiency is finding the best arrangements for you, that takes account of your needs and your goals. One size does not fit all. You need the security of accurate and precise tax planning, as well as the flexibility to ensure you can deal with whatever life throws at you. We aim to provide that balance, giving you the peace of mind to live well.

Inheritance tax

Everybody wants to pass on as much of their wealth to their children, grandchildren and other loved ones. Yet your family is unique. And so are its circumstances. We take this into account, taking care to understand the best way to make that transfer as smooth as possible for you, helping you provide for the next generations.

Capital gains tax

While Capital Gains Tax (CGT) is one of the more complicated taxes, it also offers many reliefs and exemptions which can minimise you tax bill, if used correctly. We can guide you through the maze of tax reduction strategies to find the ones that work best for you.

Are you aware of the 60% income tax trap?

Brits are paying ever more in taxes, but that doesn’t mean you have to. With a bit of care and maybe some advice, you could avoid paying thousands of pounds more than you would otherwise.

Read article

Pay less inheritance tax for a bigger legacy

None of us like to pay taxes. This article shares tips on how to ensure the tax man doesn’t become your biggest beneficiary.

Read article

Let us answer your initial questions

Frequently asked questions

Can Tax Planning reduce my tax bill?

Our financial planners’ main aim is to help you to define your life goals so that they can determine a financial plan to help you to achieve them.

A key part of that plan is organising your finances in the most efficient way to minimise your tax liabilities, from income tax and IHT to CGT. All of these taxes can eat into your wealth if there isn’t a plan in place to prevent that from happening.

We use our expertise to identify the exemptions, allowances, reliefs and tax shelters that can legally be used to cut your tax bill and ensure that you are using all of them to the best effect.

Why is Tax Planning important?

Depending on your circumstances, you might have a number of different goals for your wealth. Whether you want to drive growth, provide an income, or simply preserve what you have, tax planning plays an important role in making the most of your assets.

It’s also a key consideration in passing your wealth on to future generations. Planning early can help to ensure that you reduce your IHT liability and keep as much of your wealth as possible in the family.

Isn't it illegal to pay less tax?

Isn’t Tax Planning a matter for my accountant?

Accountants and financial planners both advise you on aspects of your finances and, indeed, often work closely together. However, there are significant differences in their areas of expertise and in what they are legally entitled to do for you.

Accountants will help with your bookkeeping and preparing your tax return, but they are not legally permitted to give you advice on how to spend or invest your money.

Our financial planners, while not tax advisers, can advise you on a range of efficient Tax Planning strategies that will help you to preserve your wealth and make the most of your money.

We do not provide tax advice. If you're unsure of your tax situation you should speak to a professional tax adviser.

Do I have to pay for an initial consultation?

How can I find an office near me?

Retirement Planning

However close or far away your retirement might be, it helps to have a road map. Learn more about how we can help you plan for your financial future.

Get the retirement you deserve

A personalised investment service

Whether you want to fund a life goal or simply achieve financial peace of mind, our investment experts can help. Discover how we can help you grow your wealth, preserve it, or use it to give you an income you can depend on.

Explore your investment potential

Search