Tax Planning Videos & Guidance
What is Tax planning?
Tax planning is about understanding how tax affects your finances and making effective use of the allowances, reliefs and opportunities available to you. Considering tax as part of your wider financial plan can help you structure your pensions, investments, income and other assets more efficiently.
Explore our tax planning videos below for practical insights into tax-efficient financial planning and some of the key tax considerations that can affect your financial decisions.
What Should You Do With a Work Bonus?
Receiving a work bonus gives you an opportunity to strengthen your finances while still enjoying some of the reward. This video looks at three things to consider before your bonus reaches your bank account: putting some into your pension, clearing high-interest debt and giving yourself permission to spend some of it.
How Does Higher-Rate Tax Relief Work?
If you pay higher-rate tax, pension contributions may qualify for additional tax relief. This video explains how higher-rate pension tax relief works, why the way you contribute to your pension matters and the difference between approaches such as relief at source and salary sacrifice.
Taking Pension Tax Free Cash
Being able to take tax free cash from your pension does not necessarily mean you should take it all at once. This video looks at why leaving some money within your pension and drawing it gradually can sometimes provide greater flexibility and help you manage tax more efficiently.
