Our Company

The advising Partners of Central Tax & Trustee Planning LLP have been involved in financial services since 1984. The firm was set up to provide specialist tax and planning advice and to distribute our own products.

Our own products are a range of specialist Self Invested pension and benefit trusts where we can act as trustee and administrator. We do not provide investment advice through Central Tax & Trustee Planning LLP so your existing advisers can use our products and continue to advise you.

We have always believed in using lateral thinking and novel solutions to help clients achieve their objectives. We therefore also use Central Tax & Trustee Planning LLP as a repository and research house for a variety of other tax saving schemes provided by specialists such as Tax Lawyers and Accountants, Offshore Trust companies and Investment Managers. We research and test these solutions and can then recommend the most appropriate to each client based on their circumstances and needs.

Tax avoidance

Is it legal and possible to avoid tax following the Chancellors statements in the 2004 Budget?

Yes, the law has not changed the original principle was set out in the House of Lords many years ago:

“Every man is entitled, if he can, to order his affairs so that the tax attaching under the appropriate Acts is less than it otherwise would be” – Lord Tomlin in CIR v Duke of Westminster.

Where some schemes will fall down is if their only purpose is to avoid tax, the general anti avoidance powers of the Revenue can catch these schemes.

For example there were Stamp Duty avoidance schemes where a buildings sale was split into smaller transactions to reduce stamp duty. Obviously there was no benefit in doing this apart from avoiding tax, so such schemes were likely to be attacked.

The schemes we promote however always those that are recognised by the Revenue or provide other benefits apart from just reducing tax, for example protect assets, enhance wealth and investment returns

Ideal Client Types:

Retired, Pre-retired, Business Owners/Managers, Individuals with values of Investments £100,000+, Household Income £30,000+.

Typical Clients and Charges

Typical clients are from the owner managed business sector needing Pension and Protection advice or wealthy individuals needing investment and wealth planning and are often introduced via other professionals e.g. Solicitor/Accountant.

Details of charges for our own products are given on the relevant pages, although these may vary slightly based on particular services. For other advice and solutions we will tell you the costs before you make any decision. The target cost is usually about 10% of the tax saving.

There is a free, initial consultation available of up to 1 hour.

Central Tax & Trustee Planning LLP is committed to offering quality professional advice and therefore we believe that on-going professional training and qualifications are needed. The following is a selection of some of the advanced qualifications held:

• Associate of Institute of Financial Planning
• Associate of Pensions Management Institute
• Fellow of Society of Financial Advisers
• Fellow of the Life Assurance Society
• Member of the Association of Pensioneer Trustees

Both Ian Smith and Samantha Barrett hold the Certified Financial Planner licence and are Chartered Financial Planners.