Tax Planning Tax planning is the vital component in making sure that you receive maximum benefit from your income, asetts, savings, etc. This is the art of application of lawful devices and plans aimed at minimizing your personal obligation to pay money to the Inland Revenue. None of the schemes we recommend are going to land you in trouble with the revenue as all are genuine application of legal tax planning tools. Some Tax is optional - how much do you want to pay?  What is Tax Planning? Tax planning is the application of rules and allowances to make the transactions you are undertaking in a tax efficient manner, to either reduce or defer, the application of tax. Inheritance Tax has had a page devoted to that topic which you should consult if that is of interest. When should you be Tax Planning? Whenever you are considering a regular saving, disposal of asetts, acquisition of asetts, making a valuable gift, major purchases to name but a few. Tax planning can range from the use of allowances e.g. Individual Savings Accounts (ISA's) to sophisticated Trust arrangements. At every level of many transactions it is vital that you consider the tax implications of your major, Investments, Savings, Purchases and Gifts. Topics we cover include: Home Purchase, UK & Abroard e.g. Portugal, Spain and France: Yacht Purchase: Vat deferment Plan Trusts: Absolute, Discretionary, Bond Loan, Variation, Hold over, Protective, Childrens, Guardian ,Funding Unapproved Retirement Benefit Scheme (FURBS), etc. Apart from all these exotic sounding solutions there are many "bread & Butter" schemes in every day use which it is easy to lose sight of but still valuable tax planning tools such as: ISA's Pensions Investment Bonds