Numerous factors will affect the amount of tax an individual pays and, depending on circumstances; there are many legitimate opportunities to reduce it. A key approach to reduce your tax liability is to ensure that your investments are held within the right investment vehicles. Tax-efficient planning involves taking account of all your assets, income and capital needs and potential tax liabilities with a view to reducing your overall tax burden.
Tax planning is part of a holistic financial planning process, whilst it may not yield immediate results, can over the long-term make a significant difference to your financial wellbeing and that of future generations of your family.
To view the latest Lowes Tax Tables please click here
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