But this “irregular” financial practice shouldn’t discourage the honest and socially conscious from pursuing tax incentivised investments, in fact quite the opposite. Tax reliefs are offered by HM Government for a reason - in the North they’d say, “you don’t get owt, for nowt” – and many of these incentives are attached to schemes which promote small business, fund Research & Design and/or invest in socially responsible areas (healthcare, renewable energy etc).
The expertise within the respective investment providers, the time they can donate to these niche areas and the collective funds raised, are all key factors and economic drivers for the tax incentives offered. These structures have been analysed by governments across the political spectrum and reviewed independently, and the tax advantages have been retained due to the long-term effect on job creation, the environment and ultimately, tax revenues.
The UK is heralded as one of the best places globally to start a business and the inward investment these tax saving schemes generate is part of the reason for this – ASOS and Fever Tree are now household names, but both benefited from early-stage investment through government incentivised schemes. I can’t image a sunny afternoon in the garden without Fever Tree [and a fair amount of gin]!
ISAs and pensions are part of everyday language and everyday use, and investors are comfortable with the tax incentives provided on these saving schemes – tax free growth for instance. Investment into Green Bonds, Venture Capital Trusts (VCT), Enterprise Investment Schemes (EIS) and Business Property Relief (BPR) qualifying assets can also play an important part in financial planning. These schemes offer access to asset diversification and tax relief; Income Tax, Capital Gains Tax and Inheritance Tax (IHT) can all be reduced and/or deferred through the utilisation of certain investments.
An individual’s goals and attitude to risk are crucial whenever they consider investment and saving options, so sitting down face-to-face with an Independent Financial Adviser can be worthwhile.
There are a wide range of tax efficient opportunities, spanning a range of risk profiles and offering a series of investor benefits, if you’d like to know a little more, please do not hesitate to contact SW Law & Finance. All initial meetings/consultations are free of charge and no costs are incurred without a client’s knowledge and agreement.
We strongly believe in the benefits of developing long-lasting relationships with our clients.
We aim to be approachable, easily contactable and offer a broad, inter-discipline, assessment of client needs. We are happy to meet via telephone or virtual meeting, but still prioritise face-to-face meetings where possible.
We work closely across our departments to ensure that specialist knowledge and experience is accessed; when queries arise, there will always be someone available who understands and can deal with your concerns.
We are also keen to work alongside other key stakeholders and individuals; land agents, accountants, your existing solicitor or financial adviser, and of course, your family.
As a firm we are keen to promote and involve ourselves in the community, and to support local charities and initiatives, such as Jeremiah’s Journey, St. Lukes, the Plymouth Argyle Community Trust (Project 35), Emotional Logic and the Ivybridge Brewery.
The South West is a beautiful places to live and we are proud to be based here, we’re therefore keen to help where we can.
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