Posted: 24/09/20 by Fortitude Financial Planning
If you decide to take some money out of your pensions or investments, you’ll need to think carefully about how to do it in the most tax-efficient way. The last thing you want to do is hand half of it over to HMRC!
One of the ways to ensure you preserve your wealth is by making the most of your annual tax allowances. For example, when you stash your cash in an ISA, it’s a great way of sheltering it from tax. You can also make good use of your pension and capital gains tax allowances to save yourself a pretty penny.
“I’m not particularly financially literate and we didn’t feel in control of our lives in terms of how we earn money, how we spend money and how we might approach retirement. That’s changed now we’re working with Fortitude”
– Jon, client
Making good use of these basic tax allowances can have a big impact on your money over time. By meeting with clients each year, Fortitude make sure they’re using them to the full and reaping the rewards.
Fortitude would love to hear what the future looks like to you and find out whether they’re the right fit to help you get there.
Contact them at mailto:email@example.com or call on 01327 354321 to start the conversation.