โ
๐๐๐ซ๐ฌ๐จ๐ง๐๐ฅ ๐๐๐ง๐ฌ๐ข๐จ๐ง ๐๐จ๐ง๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง
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.
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๐๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐๐ง๐ญ ๐๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ & ๐๐ง๐๐๐ง๐ญ๐ข๐ฏ๐ ๐๐๐ก๐๐ฆ๐
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.
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ย ๐๐ก๐ข๐ฅ๐๐ซ๐๐ง & ๐๐๐ฉ๐๐ง๐๐๐ง๐ญ๐ฌ
If you take a simple equation by adding the value of your home or property, your pensions and your savings and take that as ๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ช๐ฎ๐๐ญ๐ข๐จ๐ง.
Then if you take the number of children you have and multiply that by 335,000 and that’s ๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ช๐ฎ๐๐ญ๐ข๐จ๐ง. – If X is greater than Y then your children and dependents will be liable for inheritance tax.
๐ก From a tax planning point of view there areย #insuranceย policies that will cover inheritance tax.
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๐๐ฆ๐๐ฅ๐ฅ ๐๐ข๐๐ญ ๐๐ฅ๐ฅ๐จ๐ฐ๐๐ง๐๐
You can gift anybody โฌ3,000 a year tax-free – This will be tax-efficient inheritance.
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