Tax & Financial Strategies 2021/22
The impact of the COVID-19 pandemic presented the UK with major challenges. The repercussions of such challenges continue to unfold as the economy begins to recover. Against this backdrop the government introduced a range of financial support measures to help businesses.
Summary
1 PERSONAL TAX ESSENTIALS
- Personal allowance
- Income tax rates for 2021/22
- Rates that apply across the UK
- The ‘hidden’ 45% and 60% tax rates
2 BUSINESS TAX STRATEGIES
- Starting a business
- Claiming expenses
- Capital allowances
- Research and Development (R&D) investment…
3 TAX AND EMPLOYMENT
- Is your tax code correct?
- Employer loans
- Expense payments
- Salary Sacrifice and Optional Remuneration Arrangements (OpRAs)…
4 BUSINESS EXIT STRATEGIES
- The importance of forward planning
- Selling the business
- Maximising the sale value
- Your business valuation…
5 PERSONAL AND FAMILY FINANCIAL STRATEGIES
- Looking to the future
- Using allowances and exemptions
- The Marriage Allowance
- Transferring assets…
6 RETIREMENT PLANNING STRATEGIES
- Initial considerations
- Employer pension schemes
- Pensions auto-enrolment
- Personal pension schemes…
7 SAVINGS AND INVESTMENT STRATEGIES
- A realistic approach
- Setting your financial goals
- Your investment strategy
- Tax-efficient savings and investments…
8 TAX-EFFICIENT ESTATE PLANNING
- Keeping inheritance tax to a minimum
- Making a Will
- Making use of lifetime exemptions
- Spouses and civil partners…
