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Susan’s Tax Planning

Susan came to Chartwell to see if there was a way to minimise the Capital Gains Tax she was having to pay whilst accessing income from her investments.

She explained how ‘paying Capital Gains Tax put a dark cloud over how well her investments were performing’.

Susan’s adviser at Chartwell identified areas where she could be taking tax free income and supplementing it with her Capital Gains allowance. Through utilising her ISA allowance and withdrawing capital from other sources, Susan was able to increase the level of income she was previously taking, take advantage of tax breaks in saving for retirement whilst also staying within her Capital Gains allowance.