With any potential change of government comes the worry about a change in the tax regime. There has been a lot of speculation about how Labour may choose to raise the tax take if they win in the next election, everything from capital gains tax on main residences, to a hike in capital gains tax rates, a reversal on pension lifetime allowance rules and VAT on school fees (and everything in between!). We will undoubtedly experience some level of change, but without a crystal ball, what that change will look like and when it will be implemented is still a complete unknown. What we do know is that having a plan that is aligned to your financial wants and needs (both in business and personally) will put you in a better position should you need to adapt some of the structuring. Any framework is only as good as the foundation its built on ...... so now is a really good time to look at how your financial plan really works for you, your family and your business. https://lnkd.in/epirU72X #financialadvice #financialplanning #businessowner #wealthmanagement #tax
