Tax Saving Wealth Creating

The financial factory

Brian Boyd

3 WAYS TO AVOID PAYING INCOME TAX

1) DONT WORK!

2) WORK BUT DONT TELL THE TAXMAN!

3) TAX REBATED

Using Blackflames EIS to Eliminate Income Tax

100,000BLACKFLAMEEIS

Year 330,000UPFRONTTAX RELIEF45,000UPFRONTTAX RELIEF45,000UPFRONTTAX RELIEF30,000UPFRONTTAX RELIEF30,000UPFRONTTAX RELIEF30,000UPFRONTTAX RELIEF150,000BLACKFLAMEEIS

Year 6150,000BLACKFLAMEEIS

Year 5100,000BLACKFLAMEEIS

Year 4

100,000BLACKFLAMEEIS

Year 1100,000BLACKFLAMEEIS

Year 2

Using Blackflames EIS to Eliminate Income Tax 15,000BLACKFLAMEEIS

Year 115,000BLACKFLAMEEIS

Year 215,000BLACKFLAMEEIS

Year 315,000BLACKFLAMEEIS

Year 422,500BLACKFLAMEEIS

Year 622,500BLACKFLAMEEIS

Year 56,750UPFRONTTAX RELIEF6,750UPFRONTTAX RELIEF4,500UPFRONTTAX RELIEF4,500UPFRONTTAX RELIEF4,500UPFRONTTAX RELIEF4,500UPFRONTTAX RELIEF

Get out your calculators!100,000 pension

25,000 tax free cash75,000 taxed x 40%=30,000 income tax100,000 invested in Blackflame EIS

100,000 x 30% tax relief =30,000 tax rebated

BLACKFLAMES PENSION SOLUTION FOR TAX IMPLICATIONS 20151.Most tax efficient solution 400,000 pension fund100,000BLACKFLAMEEIS

YEAR 2100,000BLACKFLAMEEIS

YEAR 330,000UPFRONT TAX RELIEF AGAIN INTO BLACKFLAME EIS30,000UPFRONT TAX RELIEF AGAIN INTO BLACKFLAME EIS100,000BLACKFLAMEEIS

YEAR 430,000UPFRONT TAX RELIEF AGAIN INTO BLACKFLAME EIS30,000UPFRONT TAX RELIEF AGAIN INTO BLACKFLAME EIS45,000UPFRONT TAX RELIEF AGAIN INTO BLACKFLAME EIS9,000UPFRONT TAX RELIEF INTO AN ISA9,000UPFRONT TAX RELIEF INTO AN ISA9,000UPFRONT TAX RELIEF INTO AN ISA9,000UPFRONT TAX RELIEF INTO AN ISA13,500UPFRONT TAX RELIEF INTO AN ISA150,000BLACKFLAMEEIS

YEAR 5100,000BLACKFLAMEEIS

YEAR 1

Blackflames pension solution for tax implications April 20152. Most De risked Tax efficient solution 400,000 pension fund150,000AXAguaranteed bond30,000UPFRONT TAX RELIEF AXAguaranteed bond30,000UPFRONT TAX RELIEF AXAguaranteed bond30,000UPFRONTTAX RELIEF AXA guaranteed bond30,000UPFRONTTAX RELIEF AXAguaranteed bond150,000BLACKFLAMEEIS

YEAR 5100,000BLACKFLAME EIS

YEAR 4100,000BLACKFLAMEEIS

YEAR 3100,000BLACKFLAME EIS

YEAR 2100,000BLACKFLAME EIS

YEAR 1

Year 8

4 years x 30,000 upfront tax relief into AXA =120,000

4 years x 150,000 encashments into AXA = 600,000

Total = 720,000

Alternative for 400,000 pension fund taken in year one 25 % tax free = 100,000

300,000 to be taxed added to your annual income

BLACKFLAME E.I.S. EXEMPT AFTER TWO YEARS FOR IHT 1,000,000 estate less 650,000 Nil rate bands=350,000 liable for 40% tax=140,000 IHT 1,000,000 estate less 650,000 two nil rate bands=350,000 held in Blackflames EIS= No IHT to pay

WHY ARE THES OLD LADIES SUITABLE INVESTORS FOR BLACKFLAME E.I.S.

Both have a power of attorney over their assetswith power of attorney you can not give clients assets away to solve inheritance tax however, via POA they can invest in Blackflames EIS held in their own names this will be exempt if they live for two years .

TWO YEARS AND ONE MONTH LATER THEY BOTH DIE FREE OF INHERITANCE TAX

HOW TO EXTRACT PROFITSFROM A LTD COMPANY FREE OF TAX Nicholas is the director of a limited company and is a higherrate tax payer. He takes 50,000 out in dividends.

50,000X25% tax paid on dividends=12,50050,000 invested into Blackflame EISX30% tax relief =15,000Nicholas does this for four years and then has 15,000 tax free income for life.VIA THE ROLL OVER INVESTMENT METHODOLOGY INTO BLACKFLAMES E.I.S.ENJOYING HIS TAX FREE INCOMEFOR LIFE

Brian sells his cottage for 350,000His capital gain is 100,000He invests this in Blackflame EISThe CGT is deferred and Brian claims the tax back every three years using his CGT allowance He dies and the CGT is eliminated on his death.

DEFERRING CAPITAL GAINS TAX

ATTENTION LANDLORDS Rental income can qualify for an Enterprise Investment Scheme Rental income is not classed as relative earnings for a pension

THANK YOU