Would you pass up on a lottery win? No? So why pass up on tax incentives?
Pension plan contributions are a common way to benefit from tax breaks as a private investor and a business owner, but there are other ways to cut your tax bill. This course looks at investing in your business, setting up a pension plan, borrowing, using losses and government support for small businesses.
The new pension rules, which allow people to draw their full pension pot, will surely result in some of it being ploughed into businesses to provide income into retirement. That plays into estate planning.
The learning outcomes are:
- Understand the income and capital gains tax benefits of key financial instruments
- Understand the link between investments and inheritance tax
- Understand the tax benefits of incorporating versus acting as sole trader
Note that there is a similar Personal Finance course which takes the private investor perspective.