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Personal Objectives
- services for individuals

Wealth retention

It is sometimes said that making money is much easier than keeping it. At Bulley Davey, we can provide the expert advice you need to make the most of your wealth, whilst minimising your tax exposure.

We can advise in connection with the following:

Financial planning for the family – we can help you to make the most of allowances and tax-saving opportunities, manage your assets and maintain a ‘spread’ between income and capital.

Your remuneration package – are you making the most of current benefits regarding pensions, company cars and expenses, and other benefits such as medical cover?

Estate planning – we can help minimise your inheritance tax liability, through strategies such as the use of gifts and trusts.

We know that you have worked hard to create your wealth. Now Bulley Davey can help ensure that you and your family enjoy the fruits of your labours and have a secure financial future.

Retirement Planning

In a world of longer life expectancy, an increasingly inadequate state pension, and pension provisions that have fallen short of expectations, planning for financial security in retirement is more important than ever.

Bulley Davey have the expertise to guide you through this complicated area of financial planning where so many factors are relevant, to ensure that you enjoy the comfortable retirement you deserve.

We can help you to:

• Calculate how much you need to save for an adequate pension ‘pot’
• Decide the most appropriate and tax-advantaged pension scheme
• Make proper provision for your family
• Find appropriate strategies for exiting your business
• Minimise exposure to inheritance tax

Trusts

Trusts remain a valuable tool for estate planning, providing for children, and for managing wealth tax-efficiently within the family.

We can advise as to how you may take advantage of trusts and executorships to ring fence your assets for the benefit of whoever you should decide to benefit from your wealth.

Capital gains tax planning

Whether you have benefited from the sale of a successful business, or perhaps from the boom in property prices, careful tax planning to manage your wealth is essential.

Bulley Davey can guide you through the current capital gains tax (CGT) legislation, helping you to take advantage of the sometimes generous reliefs available.

We can also take account of the interaction between CGT and inheritance tax, to ensure that the optimum financial result is achieved for you and your family.

Personal tax planning

The efficient management of your tax affairs is an essential part of your personal financial planning. Effective tax planning can create opportunities for you to minimise your taxation liabilities and the efficient handling of your tax compliance can eliminate the risk of penalties and fines for noncompliance.

The objective of our tax planning strategies are straight forward - for you to pay as little tax as necessary whilst remaining fully compliant within the tax law.

Tax investigations

Being investigated by the authorities can be stressful, time-consuming and expensive. Given the rise of self assessment for all of the major taxes, the likelihood of having to face an investigation has never been higher.

Bulley Davey is here to help make the process as painless as possible.

Initially we will perform a tax ‘health-check’ on your records, to highlight any possible discrepancies that might lead to an investigation into your affairs.

Many investigations are selected at random.  Should you be selected we have a team experienced in dealing with HM Revenue & Customs. We can explain the procedures and provide essential advice – thus minimising stress and allowing you to get on with building your wealth.

Income tax returns

Completing and filing an income tax return can be a complicated and worrying business. Why not let Bulley Davey deal with this for you?

Bulley Davey will provide you with the peace of mind to know that your returns are compliant and accurate, thus ensuring that your personal finances are in order.

Personal insolvency

Prevention is always better than cure – if you are concerned about personal or business cashflow problems, the best course of action is to contact Bulley Davey immediately so that we can help to address the problem before it becomes too late.

Bulley Davey has experts who can guide you through the options and help you to decide upon the best solution for you and your family to resolve your financial difficulties.

Options could include:

• Debt management – it may be possible to agree with your creditors to make manageable periodic repayments
  
  
• Individual Voluntary Arrangement – this is a contract with your creditors which enables you to repay an affordable amount over a defined period
  
  
• Bankruptcy – making yourself Bankrupt may be considered a last resort, but it can be the most appropriate option in some circumstances

Bulley Davey are licensed Insolvency Practitioners. Whatever the solution, we have the expertise and experience to guide you through the process.