Can a financial adviser help with tax planning?
Financial planning often has tax consequences, but a financial adviser is not automatically the person who should handle every tax question.
Where can financial advice overlap with tax?
Pensions, ISAs, investments, retirement withdrawals, inheritance planning and business-owner decisions can all have tax consequences. A financial adviser may consider those consequences as part of a regulated financial plan.
What may sit outside the adviser's role?
Tax returns, detailed business tax, complex estate structures and specialist legal tax questions may need an accountant, tax adviser or solicitor. Ask exactly what the financial adviser will and will not cover.
Complex clients may need more than one professional
For business owners, people receiving large inheritances or those with complex estates, the best outcome can involve coordination between financial advice, accounting and legal professionals rather than one person trying to cover every discipline.
Do not assume coordination is included
Ask whether working with your accountant or solicitor is part of the quoted advice fee and who remains responsible for each piece of work.