✅ 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐏𝐞𝐧𝐬𝐢𝐨𝐧 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧
There should be a company pension scheme in place.
This will allow you to make an employee contribution or an additional voluntary contribution to your pension scheme and claim tax relief, and income tax relief on the money that you’re contributing.
✅ 𝐄𝐦𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 & 𝐈𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞 𝐒𝐜𝐡𝐞𝐦𝐞
This is done on a personal basis, separate from your company.
You can invest in a basket of companies on a 4-7 year timeline and typically your investment serves as a type of funding for companies who are scaling their business.
✅ 𝐂𝐡𝐢𝐥𝐝𝐫𝐞𝐧 & 𝐃𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐭𝐬
If you take a simple equation by adding the value of your home or property, your pensions and your savings and take that as 𝐗 𝐢𝐧 𝐭𝐡𝐞 𝐞𝐪𝐮𝐚𝐭𝐢𝐨𝐧.
Then if you take the number of children you have and multiply that by 335,000 and that’s 𝐘 𝐢𝐧 𝐭𝐡𝐞 𝐞𝐪𝐮𝐚𝐭𝐢𝐨𝐧. – If X is greater than Y then your children and dependents will be liable for inheritance tax.
💡 From a tax planning point of view there are #insurance policies that will cover inheritance tax.
✅ 𝐒𝐦𝐚𝐥𝐥 𝐆𝐢𝐟𝐭 𝐀𝐥𝐥𝐨𝐰𝐚𝐧𝐜𝐞
You can gift anybody €3,000 a year tax-free – This will be tax-efficient inheritance.
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