Life's twists and turns: Maximising tax planning opportunities

Significant events need significant planning

clock • 4 min read

How often should tax planning come up in client discussions? Diana French asks and answers

It feels like we've only just seen the end of the last tax year, so tax planning might be the furthest thing from the minds of most of your clients. Whereas life events, of course, happen all year round. And while tax planning may not be applicable for all these events, it's something that perhaps should always be part of client meetings. Yet, a 2023 study by HSBC Life suggested that while 82% of advisers' clients are higher rate or additional rate taxpayers, two out of five advisers do not routinely explain the benefits of tax efficiency on investments. This seems to be a missed opportu...

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