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Tax Advice

Our tax advice and trust planning services focus on providing tax efficient investments to meet your own specific needs.

What tax considerations should I plan for?

A significant factor in planning any investment portfolio is the tax treatment of the underlying assets. We utilise a range of different tax wrappers to maximise tax allowances and more favourable rates of tax. Diversifying your investments is always good practice but it can be just as important to diversify your tax wrappers when it comes to maximising your returns.

We review all major tax regimes and their interaction. We ensure that we fully assess your own circumstances to provide tax advice specific to your needs.

Tax advice

We will always consider the following as part of our tax planning process:

  • Income Tax
  • Capital Gains Tax
  • Inheritance Tax
  • Stamp Duty
  • Dividend Tax
  • National Insurance
  • Corporation Tax

To support our tax planning advice, we advise on a range of investment vehicles and tax wrappers. These each have their own basis for taxation, and which can be considered in your own financial planning. 

Investment vehicles and tax wrappers

These include but are not limited to:

  • ISA (Individual Savings Accounts)
  • Unit Trusts/OEICs
  • Investment Bonds – Onshore & Offshore
  • Buy to Let Properties
  • Alternative Investments
  • NISA
  • EIS (Enterprise Investment Schemes)
  • Equities
  • Pensions
  • Commercial Property

Inheritance Tax

Will I have to pay Inheritance Tax?

An estate in excess of £325,000 could be liable to a 40% IHT (Inheritance Tax) bill. It is therefore no surprise that inheritance tax becomes a major focus for many and requires careful planning. We specialise in providing advice to families on the most tax efficient ways to pass on their legacies. If you want to preserve your estate, it is never too early to have the conversation about Inheritance Tax planning.

We use a wide variety of products and tools to help you with IHT planning such as:

  • Whole of Life policies
  • Gift and Loan Trusts
  • Personal exemptions
  • Gift intervivos
  • Discretionary Gift Trusts
  • Business Property Relief
  • Gifting
  • Lifetime transfers

What are the Inheritance Tax Allowances?

Inheritance Tax is charged at 40% of the value of your estate over the IHT nil-rate band. This is currently set at £325,000 for individuals.

This can be combined for married couples amounting to £650,000 of estate which will be free of IHT.

Any unused nil-rate band can normally be passed on in the event of death to the surviving spouse.

What is the Residence Nil Rate Band (RNRB)?

In April 2017, an additional Inheritance Tax allowance, known as the Residence Nil Rate Band (RNRB) was introduced.

Anyone who owns a home (or a share of) which forms part of their estate, has an additional £175,000 IHT-free allowance. This means that individuals in this scenario will have an overall IHT-free allowance of £500,000.

Married couples and civil partners can inherit any unused allowance. This means that there is potential to pass on up to £1m before having to pay any IHT.

We have specialists within our Bigmore Wills & Probate business who can also offer tailored will writing, lasting power of attorney, probate services, and trust advice.


Please note: The Financial Conduct Authority does not regulate tax advice, Trusts, Wills or some forms of Buy to Let.

Bigmore Financial Planning

Telephone: 01932 253939

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"My husband and I have been clients of Bigmores since 1975. They got us our first mortgage and have looked after all our finances including our pensions, our buy to let mortgages, and our Sipp. Adam their MD took over the business a few years ago and we are well looked after and are immensely pleased with our portfolio. We cannot fault their service. We highly recommend them.​​​"

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West Byfleet

"I fully recommend Bigmore Associates. Our Senior Financial Planner Julian is most professional and highly knowledgeable as is Adam their MD and all other members. A good old fashioned approach to great personal customer care blended with a highly competitive approach to cutting edge technology in the financial arena puts this company heads above others with extremely competitive fees, they cover all bases and offer excellent advice."

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