Personal Tax Planning Advice

Tax savings to help
meet your goals

Growing and preserving wealth requires careful planning as you seek to navigate taxes, inflation and investment risk. Our team gives you the knowledge you need to meet your goals confidently and prudently…

A good financial plan starts with what you would like to achieve, and maps out the most efficient way to get there.


Saving tax is not the end goal of financial planning. It is far more effective to build your plan around your goals and objectives rather than being led by potential tax savings.

That being said, there are several ways to reduce your tax bill while prioritising your goals. A good financial plan starts with what you would like to achieve, and maps out the most efficient way to get there. Every pound saved in tax is a small step closer to your desired lifestyle.

Through effective planning, we can help you save on income tax, capital gains tax, and inheritance tax. This is done through a combination of approaches, including using allowances and exemptions and investing in tax-efficient wrappers. Over time, the savings can be substantial, increasing the amount available to fund your goals, create your ideal retirement, or pass onto your family.

The Financial Conduct Authority does not regulate Tax Planning and Cash Flow Modelling.

I have been with Smith & Pinching for the last 15 years helping and advising me with my financial affairs. I have always been very satisfied with the excellent service I have received.

Gary Cuthbert

We worked with a new client recently who due to his busy schedule running his business had not had a chance to properly sit down and look at practical steps he could take to reduce his tax liabilities.

For many years any excess income had been cultivated back into his company, but he was not seeing the fruits of his labour. We discussed with him the use of pension contributions and other investment vehicles that offered immediate tax relief.

By working closely with the client’s accountant, we were able to come up with a strategy that not only enabled him to reduce his income tax liability, but increase his own private savings to help him achieve his retirement goals.

Below are some of the ways in which we can help you save tax:

  • Invest Tax-Efficiently

    Making use of tax-efficient investment wrappers is a simple way to reduce your tax bill. Pensions and ISAs grow free of tax, and pensions even provide tax relief on your contributions. We can guide you on making the most of your ISA and pension allowances, as well as offering other tax-efficient options.
  • Maximise Your Pension

    Contributing to your pension offers many benefits, such as tax relief on your contributions, tax-free growth, and a tax-free lump sum on retirement. We can advise you on making the best use of your pension to maximise the tax benefits. We can also help you avoid mistakes which can result in tax penalties.
  • Use Your Allowances

    There are multiple allowances available to reduce your tax bill, and it’s possible that you aren’t using all of them. If you earn a salary, savings interest, or dividends, you will have an allowance to set against this income before you start paying tax. We can guide you on your investments to make the most of these allowances.
  • Pass on Wealth

    Inheritance tax (IHT) is impacting more families every year, but there are several things you can do to preserve your wealth for the next generation. We can offer advice on gifts, trusts, insurance policies, and tax-efficient investments to mitigate your IHT bill and pass on more of your hard-earned money to your loved ones.

Download our guide: Reducing Taxes in Retirement

Find out how to make your retirement money stretch further by minimising your taxes and investment fees.

Speak to an adviser

Whether you’re looking for help with your pension, remortgaging or creating an investment plan for the future, we have advisers who can help you to find the best solution for you.