Tax & Estate Planning

The UK has one of the most complex and opaque tax codes in the world - it costs more than £11 billion just to operate it (that’s equivalent to nearly £180 for every man, woman and child - simply to collect the tax).  Compared to your home or pension, tax can easily be your biggest cost.  It’s taken from your earnings, your investments and ultimately, your estate.


Over their lifetime (and even on their death) most people will pay significantly more tax than they need to. Even simple tax-saving actions are regularly ignored or delayed so it's too late. Using allowances at the earliest opportunity each year will amount to a significant tax saving over time.  But it’s complicated….

The UK tax system resembles a Heath Robinson creation. It has been bashed, bodged and hammered by each successive government, trying to grab as much as they dare, often by stealth and apathy.  There’s little wonder we end up paying more than we should. One of the benefits of on-going financial planning is that we help people use the tax system more efficiently.

Our clients for example are encouraged to transfer investments from taxed accounts into their Individual savings Account (ISA) at the beginning of the tax year, avoid the usual end of tax year rush, and enjoying a whole year of tax efficiency. It’s a simple thing, but it works.

We consider how the pension rules can be used to save tax more effectively, particularly for people who earn enough to see their personal allowances cut.

When you’re migrating from the UK you’ll probably want to take your pension with you. It can be a complicated step to take. Pension rules are constantly changing.  Not just in the UK but in many of the countries where you may be considering taking up residence. Should you transfer all of your funds at once you could suffer loss through higher rates of taxation and even taxation in both countries.

By keeping abreast of a complex, changing market, we aim to give you the best possible advice on when and how to transfer your UK pensions to maximise their value. We can also offer a State Pension and National Insurance service for UK expatriates through a partner firm.

Get In Touch

Studio 3, Strand Studios,
150 Holywood Road, Belfast BT4 1NY

TEL +44 2896 206850

Level 1, 1205 Hay Street
West Perth WA 6005

TEL +61 8 6380 9200

Email communications are not secure and for this reason RM Capital Wealth Ltd cannot guarantee the security of the email, its contents or that it remains virus free once sent. The guidance provided within this website is subject to the UK regulatory regime. RM Capital Wealth Ltd is registered in Northern Ireland, Number NI652380. Registered Office: Studio 3, Strand Studios, 150 Holywood Road, Belfast BT4 1NY, United Kingdom. RM Capital Wealth Ltd is an appointed representative of Navigate Independent Financial Advisors LLP, which is authorised and regulated by the Financial Conduct Authority. The Financial Ombudsman Service is available to assist with individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit