"In this world nothing is certain but death and taxes." - Benjamin Franklin

Whilst the above is as true as ever, good planning can save significant sums in taxation.

Despite the ever increasing range of taxes imposed by government, there are also a number of allowances and strategies which can be used to ensure that taxes are kept to a minimum.

Inheritance tax liability can be reduced in a number of ways, including will planning and investment-based strategies.

Income tax can be reduced with pension planning, as well as the use of various other investments such as individual savings accounts (ISAs), venture capital trusts (VCTs) and enterprise investment schemes (EISs).  

Capital gains tax can also be mitigated using ISAs, and other investments such as unit trusts, with use being made of annual exemptions through careful planning.

Corporation tax can also be controlled using pension planning and other strategies, often in partnership with the company accountant.