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Tax Planning
Plan ahead. Keep more of what matters, wherever you are.
A FISICS Tax Planning has the same lawful objective, but multiple countries can claim taxing rights when a person has international characteristics.
What does this service involve?
Residence history, nationality, foreign assets, overseas family, work in another country or a future move can create overlapping rules. The plan therefore needs to determine which rules apply, where tax may arise and what relief may be available.
Identify
Identify every country that may have a taxing connection to the person, their income, gains, assets or family arrangements.
Tax
Consider tax residence, source rules, double-tax treaties, foreign-tax credits and cross-border reporting obligations.
Plan
Plan the timing of moves, disposals, withdrawals, gifts or restructuring before changing jurisdiction where possible.
Avoid Assumptions
Avoid assuming that a tax-efficient product or transaction in one country will receive the same treatment in another country.
Which best describes you today?
You may be considering this because your circumstances have changed, you're planning ahead, or you simply want greater clarity.
A large tax bill has become part of your financial life
You earn well, receive significant income or have built substantial assets, and you wonder whether your current position is as efficient as it could be.
A major financial event has changed your position
A bonus, property sale, inheritance or other large payment has left you with decisions to make about what happens next.
You run your own business
You are a director or self-employed and want to understand how your business and personal finances can work together more efficiently.
You have allowances you are not making full use of
You know pensions and ISAs can be valuable, but you are unsure how much to contribute or where they fit into your wider plan.
Your finances have become more complex
Your income, investments, property or family arrangements have grown over time, but your tax planning has not kept pace.
What could happen without a plan?
More of your money can go to tax than necessary
Without regular planning, you may miss allowances or reliefs that could have reduced your tax bill.
Your allowances can go unused
Some opportunities are limited by tax year, so waiting too long can mean losing the chance to use them.
Small inefficiencies can build over time
A decision that makes little difference in one year can have a much larger effect when repeated over many years.
Your wider plan can become less effective
When tax is considered separately from pensions, investments and other financial decisions, opportunities to make your money work more efficiently can be missed.
Which best describes you today?
You may be considering this because your circumstances have changed, you’re planning ahead, or you simply want greater clarity.
What could happen without a plan?
A large tax bill has become part of your financial life
You earn well, receive significant income or have built substantial assets, and you wonder whether your current position is as efficient as it could be.
More of your money can go to tax than necessary
Without regular planning, you may miss allowances or reliefs that could have reduced your tax bill.
A major financial event has changed your position
A bonus, property sale, inheritance or other large payment has left you with decisions to make about what happens next.
Your allowances can go unused
Some opportunities are limited by tax year, so waiting too long can mean losing the chance to use them.
You run your own business
You are a director or self-employed and want to understand how your business and personal finances can work together more efficiently.
Small inefficiencies can build over time
A decision that makes little difference in one year can have a much larger effect when repeated over many years.
You have allowances you are not making full use of
You know pensions and ISAs can be valuable, but you are unsure how much to contribute or where they fit into your wider plan.
Your wider plan can become less effective
When tax is considered separately from pensions, investments and other financial decisions, opportunities to make your money work more efficiently can be missed.
Your finances have become more complex
Your income, investments, property or family arrangements have grown over time, but your tax planning has not kept pace.
