Tax planning strategies are essential to minimise the amount of tax you and your loved ones pay. It’s important to create a viable strategy today. We’re here to help you do that.
Levels and bases of and reliefs from taxation are subject to change and their value depends on the individual circumstances of the investor. We recommend that the investor seeks professional advice on personal taxation matters
When investing your capital is at risk
The Financial Conduct Authority does not regulate taxation advice
You pay tax on virtually everything, from your income to shopping, your return on savings and even your pension. It can sometimes seem like you’re giving more to the government than you’re keeping.
Of course, the government needs this money to maintain services across the UK. That doesn’t mean you should be giving them more than you have to. Developing tax planning strategies will allow you to minimise your tax due and maximise your savings. This will help put you in the best possible financial situation. You’ll also know in advance what is due and when it’s due.
In addition, tax planning means ensuring you’re complying with all relevant laws and taking advantage of all available tax incentives and allowances. Naturally, this can be a complicated process as there are many rules and regulations surrounding tax. We can help you by creating a personalised tax strategy to ensure your money works in your interests.
Tax planning involves understanding and utilising the available tax reliefs. This often includes maximising your ISA contributions. In tax year 2024/2025, you are allowed to put up to £20,000 in total into one or several ISA's tax-free. You should also maximise your tax deductions and look at capital gains tax allowances where appropriate.
Your finances and potential tax strategy are unique. We understand this and will work with you, ensuring you know what is possible and what is most likely to be beneficial to you and your personal circumstances.
Lynas Vokes specialise in offering financial advice on a variety of topics, including investments, pensions and tax planning. We’ll start by discussing your finances, specifically income and expenditure. This will help us identify where you can make tax savings.
We regularly monitor your tax planning strategy to ensure you’re aware of any new developments, changes that need to be made and our recommendations. Of course, you can also easily contact us with questions or for an update/additional advice.
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Our dedicated and professional team is waiting to help you. Contact us today and let our expertise help you make the most of your money
Tax planning is legal in the UK. It’s essential to understand what tax is due and when, ensuring you are always ready to pay. However, tax avoidance schemes and particularly aggressive tax planning can focus more on avoiding paying tax as opposed to minimising your tax bill.
Trying to avoid paying tax is a criminal offence and could result in hefty fines and potentially criminal charges. To make sure you stay within the confines of tax planning laws you need to be familiar with the general anti-abuse rule (GAAR) and the tax avoidance disclosure regime. These help the government locate tax evasion.
Ignorance of the laws is not a defence. That’s why you should engage the services of a professional tax planner, such as ourselves. We’ll work hard to ensure you take advantage of all available tax breaks, without breaking the law.
Frequently asked questions
Understandably, you have questions. The following are the most frequently asked, however, if you don’t find your question and the answer here, don’t hesitate to contact us. We can help you with any query, no matter how big or small.
Tax planning strategies help you to legally reduce the amount of tax you owe. More importantly, they ensure you know how much tax is due and when, helping you avoid late payment fees.
Absolutely. Tax planning is the sign of someone with organised finances. It helps you comply with all relevant laws and meet your financial commitments. You simply need to know the difference between tax planning and tax evasion and we can help with that.
The simplest approach is to contact us. We’ll need to talk about your income, expenditure, savings and any investments you have. Our personalised approach will help to find the strategy which works best for you.
You can. However, tax laws can be complicated and it will take you many hours to study each one and decide whether you can or can’t do what you are hoping to. Our team already have all the knowledge needed to help you create the most effective tax strategy for your individual circumstances.
The best time is now. Planning ahead as far as possible helps you prepare for what is due and maximise your potential savings. We can help with this.
Quite simply, our team has decades of experience in tax planning. We are constantly updating our knowledge with the most recent rules and legislation. We do this so that you don’t need to, allowing you to focus on what matters to you while we take care of minimising your tax bill.
We can talk about how good we think we are but the proof is in the pudding. That’s why we’re on VouchedFor, so you can see genuine verified reviews from actual clients. It’s important to us that potential clients can see what it’s actually like to work with us and that clients have a space to share their honest feedback on our service so we can make improvements where necessary. We’re proud to have a 4.8 rating on VouchedFor – click to see where that rating has come from.
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At Lynas Vokes, we offer a wide range of services to help you at every stage of your life’s journey. Click on the links below to view our recommended services or view our Services menu for our full range.
Regardless of where you’re based or what your goals are, we can help you develop the most suitable investment strategies to reach your goals.
It’s never too early to start your pension planning. However, it can be a complicated area. We’re here to help you start your pension planning and get you the retirement you deserve.
Lyna Vokes are UK-based financial advisers with decades of experience in estate planning. Whatever your goal, we can help you plan for it.
Tax planning is essential and complicated. As an individual or a business, you probably don’t have the necessary time to study all the laws and maximise your legal savings. Fortunately, our specialist team of UK-based financial advisers does. We’ll find the most suitable tax planning strategies for you.
The team at Lynas Vokes is ready to help you. Give us a call to discuss tax planning, investment strategies, life and health insurance, estate planning and even pension planning.
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