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Financial planning

Tax planning

Financial planning

Tax planning

What is tax planning?

There's a subtle difference between tax planning and tax advice.

A financial adviser can help you with tax planning, making use of available reliefs and structuring your wealth in tax efficient wrappers (e.g. ISAs, pensions, investment bonds), so you can easily access your wealth and draw income in the most tax efficient way. An accountant can give you tax advice on specific requirements, such as completing self-assessments.

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Common tax planning topics

  • Optimising income - manage different income streams, including dividends from investments and retirement income, to reduce taxes and take advantage of lower tax rates.
  • Tax-efficient accounts - learn how different accounts, such as ISAs and pensions, can help to minimise taxes on your savings and investments.
  • Understanding tax allowances - familiarise yourself with your personal allowances and tax rates, including capital gains tax, and learn how to utilise them efficiently.
  • Inheritance tax planning - manage and reduce the taxes that are triggered when passing on assets and wealth to loved ones after someone passes away.

How to receive financial advice

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Video call

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In person

How to receive financial advice

You can choose to meet with your adviser by telephone or video call. If you'd prefer in person meetings, you'll be matched with an adviser local to you. These options offer flexibility, making it convenient for you to access personalised advice, regardless of your location or communication preferences.

Cost of financial advice

Tax planning is included as part of the HL Financial Planning Service.

Our financial advisers typically charge 1-2% of the assets advised on (+VAT where applicable, minimum charges apply). This is a one-off charge which will depend on the complexity of your situation, the time needed to understand your goals, and to provide personal recommendations.

Your financial adviser will let you know if they think you'd benefit from ongoing advice. This comes with an extra charge.

Advice on the transfer of any secured benefit, such as a defined benefit pension (a final salary pension), will be subject to a separate charging structure, which your adviser will discuss with you.

Summary of charges

Getting advice starts with one call

Getting advice starts with one call

The first step is to talk to our advisory service team. This initial discussion is to determine if our advisory service aligns with your needs and goals and would be a feasible option for you.

During this conversation, we'll ask straightforward questions to understand your financial objectives and the total value of the assets you're seeking advice on. No financial advice will be given at this point.

If our advisory service is the right fit for you, we'll connect you with one of our experienced advisers for a first meeting.

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Find an adviser

Find nearby HL advisers with our simple tool, and select the perfect match based on their areas of expertise and the type of advice you're looking for.

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Tax planning insights

Want to save tax? 3 reasons to consider financial advice

It’s not just an accountant that could help with tax planning. A financial adviser could save you time, hassle, and tax.

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3 ways you and your partner can help save tax

When it comes to saving tax, you’ll sometimes need the support of your loved ones. Here’s how to work with your partner to help save tax together.

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HL financial adviser's top tax saving tips

Explore 5 top tax saving tips that could help you make the most of your money, by keeping more of it in your pocket.

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We are Chartered Financial Planners

Our Chartered title, granted by the Chartered Insurance Institute (CII), signifies our dedication to professional standards. Holding Chartered status means we prioritise ethical conduct, prioritise your interests, invest in ongoing development, and support initiatives benefiting society and our profession.

Download our factsheet to find out what this means for you.