Personal Tax Planning

Taxpayers in England and Wales have access to multiple schemes and opportunities that allow them to become tax efficient.

But as tax is a complex subject, not many individuals have the time to research, plan and make use of tax-saving schemes to reduce their tax liabilities legitimately. This is where our professional and trusted Personal Tax accountants can help. We are here to work with you to identify opportunities that can minimise your tax exposure.

Effective personal tax planning can maximise your income and reduce your tax liability

At present, there are many schemes which can help you benefit financially, although which scheme applies to you depends upon your ambition, tax situation and the relevant tax regulation.

Common tax-saving schemes include but not limited to:

• Paying into private pensions
• Using your spouse’s personal allowance
• Transferring assets to your spouse
• Investing through the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS)
• Making use of Venture Capital Trusts
• Electing main residence to mitigate potential Capital Gains Tax
• Reclaiming overpaid taxes
• Reducing Inheritance Tax with gifts
• Having the right tax code and many more

Everyone has a unique tax situation; accordingly our tax advice is personalised. We listen to you first – and only through knowing your circumstances, we can propose tax planning that works for you.

Call our Personal Tax accountants on 020 8108 0090 today.

Personal tax planning areas

We can help you in the following areas:

• Reducing your income tax especially if you are a higher-rate taxpayer
• Protecting your hard-earned money through Inheritance Tax planning
• Minimising Capital Gains Tax
• Trust and estate planning

Our aim is to create a strategic tax plan that allows you to earn, save, invest and protect your money as efficiently as possible. Through effective planning, you can look forward to benefitting financially and safeguarding your assets for future generations.

Personalised advice

Your situation is unique and therefore the tax planning advice you get should be unique too. While each advice is different, every client can count on us to deliver clear, honest tax advice that protects your interests.

Here are three examples of personalised advice.

If you are a self-employed individual

We help self-employed individuals to deduct all tax-deductible expenses, carry forward any losses to offset future profits, among other tax-saving ideas.

If you are a landlord

Our advice to landlords may include claiming tax relief on domestic items in rental properties and reducing Capital Gains if the property has been your main home at some point in the past.

If you are a company director

A company director with multiple streams of income requires a careful review of your corporation tax alongside your personal tax. We take both into account to maximise your savings and ensure you benefit from the many tax allowances and reliefs available.

Tax-saving tips for investors, retirees, trustees and other individuals are also different. Call our Personal Tax accountants on 020 8108 0090 to have a chat today.

Make use of free first consultation

To add real value to your financial position, we must truly understand your tax risks and exposure. For this reason, we offer you a free first consultation to learn about your personal financial circumstances.

Whether your query is big or small, you can rely on us to provide targeted tax advice in a professional and jargon-free way. Above all, our objective is to protect your interests because we believe that if you thrive, we will thrive too.

Call our Personal Tax accountants on 020 8108 0090 today.

Alternatively, you can make use of our online enquiry form.