Saving for the Future

How can Tax Efficient Planning help me?

You can be sure that you are making the most out of your assets by investing in a tax efficient manner.

There are many different types of tax-efficient vehicles available which includes Individual Savings Accounts (ISAs), Pensions, Venture Capital Trusts (VCTs) and Enterprise Investment Schemes (EISs) amongst others.

Individual Savings Accounts (ISAs) are tax-efficient savings and investment accounts. You can use them to save money or invest in stocks and shares. With ISA’s, you pay no income tax on the interest or dividends you receive, and any profits from investments are free of Capital Gains Tax. This means that any capital invested into an ISA can grow in a tax-free environment.

Another method of saving tax-efficiently is pensions. Your pension pot can grow in a tax-free environment just like ISA’s, and money you contribute into a pension can receive upfront tax relief (although pension income is taxable, notwithstanding tax free cash of 25% of the fund value in a defined contribution pension).

Venture Capital Trust are portfolios of tax investments into early stage businesses, which receive upfront tax relief of up to 30%, provided the shares are held for at least five years. They can produce tax free dividends, and there is no Capital Gains Tax on disposal.

Enterprise Investment Schemes also offer upfront tax relief, but also qualify for Inheritance Tax relief after two year, as well as Capital Gains Tax deferral and loss relief against Income Tax

With so many different tax efficient vehicles, it is important that you choose the right strategy for you.

What can Tax Efficient Planning Help Me With?

Saving efficiently allows you to manage your money in order to achieve monetary satisfaction, comfort and safeguard your wealth for the future. You are saving more and will be provided with financial security.

Tax efficient planning creates a successful and resourceful approach to achieving your life goals.

Our tax planners and financial advisers will work with you for many years, ensuring that they truly understand you and your financial needs in order to provide financial solutions that keep you financially comfortable.

What can KLO Financial Services help me with?

At KLO Financial Services, our financial advisers can advise on tax efficient vehicles and help you find the right route to achieving your goals. We help a variety of individuals and businesses with: 

  • Understanding your financial objectives and how this interacts with tax-efficient planning.
  • Making the most out of your existing pension funds and managing ongoing contributions.
  • Deciding which ISA investment is best for your goals and managing your ongoing ISA contributions.
  • Exploring Venture Capital Trusts, Enterprise Investment Schemes or Inheritance Tax mitigation strategies, such as products that qualify for Business Property Relief, or Trust based solutions and associated tax implications.

We’re Here to Help

Contact Us Today

We are always eager and available to meet with you to discuss your financial objectives and assess your current strategies. No question is too big or too small. The first consultation is always free and comes with no obligation. If you’d like to speak to one of our expert financial advisers, get in touch today.

We create a financial plan that works for you

Why should I choose KLO Financial Services?

At KLO Financial Services, our independent financial advisers offer bespoke and tailored solutions as part of an integrated financial plan. We are built up of a team of experienced and talented advisers whose knowledge in tax efficient savings has developed over many years.

  • Bespoke and Tailored Solutions

    With KLO Financial Services, you can feel rest assured that all our financial solutions are tailored to you and your individual circumstances. We know that every person has their own personal financial goals, so ensuring that we understand you is vital. You will receive a personal service with tailored solutions and ongoing management to your specific plans.

  • Independent

    KLO Financial Services offer entirely independent advice, and we are not restricted in respect of the savings accounts and channels we recommend. We believe it is important that we are not restricted in our recommendations, which is why we choose to remain fully independent, acting only for our clients.

  • Integrated Solutions

    While saving for the future, you may find that you need support with investments, retirement planning or any other financial planning support. At KLO Financial Services, we can support our clients with whatever they need, as we are a fully integrated business. We therefore support in all channels of financial planning and investments.

What are the benefits of Tax Efficient Savings?

At KLO Financial Services, we share a passion for the importance of personal financial management. Here are five powerful reasons why saving tax on your savings, with the help of an expert financial adviser is critical:

Tax Savings

Of course, the main benefit to saving efficiently is the large tax benefits. All interest earned in an ISA for example, is always tax free. If you have ISA’s such as a stocks and shares ISA, you don’t pay tax on any dividends from shares and you don’t pay capital gains tax on any profits made from investments.

Long-Term Goals

With the assistance of a financial adviser, you can prepare for the future comfortably and resourcefully, knowing you are not paying unnecessary tax. This will increase the amount you save.

Improved Financial Understanding

Better financial understanding can be achieved when measurable financial goals are set, the effects of the decision understood, and the results reviewed. Having the support of a financial adviser gives you a whole new approach to your finances.

Increased Financial Security

The use of tax efficient savings and investments mean that you can have increased financial security. Reducing the amount of tax you pay means that you are increasing your wealth and are more prepared if anything unexpected should happen.

Need Help?

Frequently Asked Questions

Even if you’re not sure what you want to use your finances for in the future, it is likely that you will need that money at some point. Even without specific goals, there are many savings accounts and investment paths you can take in order to get the most out of your money. Of course, if you have specific goals, some tax efficient investments may be better suited, however it is always worth seeking the support of a financial adviser.

The simple answer is no. At KLO Financial Services, we offer accessible services for all individuals. In fact, our first meeting is always at no cost to you and with no obligation.

The four main ISAs available are Cash ISAs, Investment ISAs, Lifetime ISAs and Innovative Finance ISAs. Each tax year, you can only pay into one each of these. They all have their own features, and with the support of a financial adviser, you can understand which scheme would suit you.

The total amount you can put into an ISA is limited, currently £20,000 per annum, this is known as your ISA allowance. Likewise, the most you can put into your pension and receive tax relief on is £40,000 per annum (although you may be able to ‘carry forward’ unused allowance from previous tax years). Some types of investments have a maximum, or minimum amounts you can invest, so understanding regulations and product rules is important. Your financial adviser will be able to help you with this.

Yes, transferring an existing ISA or pension to another provider is possible, however there are often rules. With KLO Financial Services, we will ensure that you are aware of your existing ISA and pension regulations in order to ensure that you maximise your ISA and pension tax benefits.

What Our Clients Say?

James has been my financial adviser for several years now, and I am continually impressed by his customer care, knowledge of the market, and attention to detail. During our regular face to face meetings, my finances are discussed and reviewed in a clear and practical way. If I have any questions, James is always on hand with easy to understand advice. And every decision we make together is promptly followed up. I can’t recommend James and KLO Financial Services highly enough. They are a company who genuinely care about their clients, and I feel comforted to know my finances are in such safe hands.

I couldn’t be more pleased to have James Glavey at KLO as my financial adviser. He is doing really good things with my portfolio, but above all I trust him to do so and this is paramount for me.

My decision to move my portfolio to KLO was driven by the professionalism and reassurance that Dan Styles gave me when I met him.  Not only has he surpassed all my expectations but I have experienced, first hand, the superior attention to detail that he, and the KLO team have given. I believe that all of this stems from being a small independent firm, who treat your money as if it were their own. I couldn’t recommend them more for peace of mind for the future

Dan has been ultra professional , explaining all my options in a straightforward way and his customer service and that of KLO has been first rate .

I would highly recommend Dan and the team at KLO.

Having undertaken significant work with Chris over the last year I can say that his commitment and professionalism hasn’t once wavered. Chris is always quick to respond to queries and always does so in a friendly and down to earth manner.  I’ve never met anyone who can bring pensions to life as much as Chris and he has the patience of a saint.

‘John Glavey has been our personal IFA for over 30 years. In addition, he acted for 40+ employees of companies of which Mr B was a Director. His advice and actions has made our retirement financially comfortable. Throughout those years his attitude has been relaxed but positive and we always had the feeling that he was maintaining his knowledge of trends and changing investments where appropriate. His up to the minute qualifications corroborate that.’


Oxfordshire

‘For over a decade John Glavey has given us financial advice.  His expertise and attention to detail are exemplary.  The manner in which he has dealt with our finances cannot be faulted.  With KLO we feel confident and secure with their handling of our financial affairs now and in the future’


Oxfordshire

‘I have been delighted with the quality of advice and the level of service I have received. As a result, I am confident that my financial affairs are being much better handled than I could ever do myself. At a time of very low interest rates and global uncertainty, the advice I have received has sustained and grown my portfolio in a very satisfactory way.’


Worcestershire

‘John Glavey has successfully managed my pensions and investments for more than 20 years. Despite turbulent financial times I have been extremely pleased with the performance I have received and the service that John has given me.’


Oxfordshire