This case study highlights topical areas of current financial
planning and take due account of any changes/opportunities that
arose out of the Chancellor's proposals in his 2014 Budget.
In particular the following issues were addressed:
- An analysis of the pros/cons of drawing income by way of
dividend or salary for a director of a private limited company
- Should cash be taken out of the private limited company or
invested inside the company pending later sale?
- Maximising the benefits of independent taxation for a married
couple with varying income levels including
- the transfer of shares in the private limited company
- the transfer of investments
- Looking at ways of reinstating the personal allowance for
taxpayers with income in excess of £100,000
- The maximisation of contributions to registered pension schemes
in light of the reductions to the annual allowance/lifetime
- Which is best - employer or employee contributions?
- An understanding of entrepreneurs' relief
- A tax comparison between EIS and VCT
- A legal and tax comparison of making cash gifts to children -
outright or via trusts
- Outline IHT planning - including the use of inheritance trust
arrangements and generation skipping techniques
- Child Trust Funds - back in business following recent