Cookies on the PFS website

By using and browsing the PFS website, you consent to cookies being used in accordance with our policy. If you do not consent, you are always free to disable cookies if your browser permits, although doing so may interfere with your use of some of our sites or services. Find out more »

Personal Finance Society
Recently added to my basket
Sorry but there was an error adding this to your basket. Please try adding it again

Budget 2014

Topical Financial Planning Opportunities

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 allowance
  • 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 announcements?

Paul Duckworth

Part 1

Part 2