Tax Efficient Investing

At Westminster Wealth Management, we know how important tax is in terms of financial planning. That is why we have been helping personal and corporate clients to organise their affairs in a tax-efficient manner for over two decades.

Whilst HMRC’s stance on anything that is not statutory in nature has hardened, we continue to believe in the importance of tax-efficient investments as part of your overall investment strategy.

Successive governments have created and implemented legislation to support certain types of investment, and we seek to use non-contentious solutions based on these statutory allowances. The tax relief can be up to 50% of the amount invested, or may provide significant risk mitigation.

We have a very strict due diligence process and dedicated resources for all such investments.  Several of our key members are particularly skilled in this arena, and oversee the entire group’s activities, meaning we can apply the full breadth and depth of both our knowledge and experience when advising you in these matters.

As with any aspect of financial planning, it is essential to build a detailed picture of your current position, both in terms of asset base and past, present and likely future tax liabilities. We will also make sure we fully understand your attitude towards tax and tax risk, and where appropriate, we will work with your other professional advisers to provide a co-ordinated solution - which may require either a simple overhaul or more complex tax re-structuring.

We believe this approach adds significant value to every client's overall financial position. Moreover, our level of expertise has led to a number of other IFAs referring their clients to us for advice in this specific area.

Westminster Wealth offers full advice to clients on:

  • Enterprise Investment Schemes (EIS)

  • Venture Capital Trusts (VCT)

  • Seed Enterprise Investment Schemes (SEIS)

The personal information disclosed will be treated as confidential and held in accordance with the Data Protection Act.

VCTs are high risk investments and there may be no market for the shares should you wish to dispose of them. You may lose your capital.

Enterprise Investment Schemes (EISs) and Seed Enterprise Investment Schemes (SEIS) are very high-risk investments. An EIS/SEIS investment is usually concentrated in one single unquoted trading company. Often there is no market for the shares and it may therefore be very difficult to make a disposal. The underlying investments are in small or very small companies; the failure rate of such companies is significantly higher than that of larger companies.

The Financial Conduct Authority does not regulate tax advice or trusts.

“I have worked with Jamie for several years now on tax planning, critical illness cover, life insurance, and various investment opportunities including VCTs, EIS, and most recently absolute return funds. Over this time he has taken great care to understand my personal situation and finances sufficiently well to be able to filter opportunities on my behalf and to ensure that any ideas he raises with me are worthwhile. Of course it takes two to tango, and one of the reasons he has got to know me better than most (including my “private banker”) is that I trust him with some of my most personal financial information and life plans. The army of salesmen who cold call me on a regular basis get short shrift in comparison! The other acid test is dealing with problems which will inevitably arise from time to time. Where I have had the occasional problem, my adviser has always been there to get it fixed as best possible and to leverage his relationships with the underlying providers if necessary to come up with an equitable solution.”
— MD, Investment Bank