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Tax Planning

Opes Wealth Trust recognises that when it comes to financial planning, there are factors within your control, such as the way in which you fund your lifestyle, and factors you can’t control such as the return on investment. With this in mind, we have placed some of the controllable factors at the centre of our business. One of these is the tax code. Opes Wealth Trust specialises in maximising the opportunities within the tax code when it comes to the following:

  1. Investing with a tax break.
  2. Receiving investment returns with a reduced charge to tax.
  3. Liquidating your financial investments with minimal tax charges.

We believe that this approach to planning can help you accumulate assets in a much more productive and efficient manner.

The complexity of the tax landscape continues to increase. The most recent Budget introduced a number of measures to increase the tax take for the state. From a wealth creation perspective it is therefore important to take advantage of the tax benefits which still remain. At Opes Wealth Trust we focus on utilising the Irish tax code to enable our client’s reduce their ”effective tax rate”.

Opes Wealth Trust can:

  • Minimise your income taxes today; It’s not about how much income you earn but all about how much income you can keep that counts.
  • Assess your portfolio mix of retirement plan assets, tax-sheltered investments, and other investments to ensure that you are maximising potential tax benefits, while maintaining appropriate flexibility with your assets.
  • Ensure your investment vehicles will not cause adverse tax consequences in the future; specifically, during retirement or at death.
  • Determine the most tax-efficient method of accumulating assets.
  • Interpret and utilise current tax laws and possible future changes to benefit your own individual situation as well as your business.

Simply put, getting a tax break when investing ensures you can invest more of your funds immediately. If, added to this, the investment also grows tax-free, the result is a significantly larger fund at your target date or it may give you the option to retire earlier. In contrast, investing with after-tax income in exactly the same investment with the same returns (also taxed) means you have to work significantly harder or longer to create a similar level of investment funds than that created in a tax-free structure.