John had already been a client for a number of years when he took agreed redundancy which resulted in a significant payoff and tax bill.

In conjunction with his accountant, we put in place a strategy to reduce the tax liability by, making additional pension contributions. We did this by utilising previous years unused allowances, as well as other tax-efficient investments (EIS VCT and SEIS).

This allowed John to mitigate a proportion of the tax due as well as invest further for his retirement.