Personal Tax Planning

At Professional Accountants, we provide tailored personal tax planning solutions for individuals and across the UK looking to reduce their tax liabilities, protect their wealth, and ensure long-term financial security.

Whether you’re a high-income earner, property investor, business owner, or nearing retirement, our expert advisors offer strategies that align with your personal goals and current legislation.

What Does Personal Tax Planning Cost in or Around ?

The cost of personal tax planning ranges from £300 to over £3,000, depending on the complexity of your financial affairs and the level of advice required.

Costs are primarily influenced by factors such as the number of income sources, investment portfolios, inheritance tax considerations, international residency or domicile status, and the inclusion of trusts or estate planning.

Contact Professional Accountants to get customised prices for optimising your personal tax strategy.

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Why Is Personal Tax Planning Important for Individuals?

Effective personal tax planning is key to preserving wealth, minimising unnecessary tax outgoings, and ensuring compliance with HMRC. Without proactive planning, many individuals miss out on tax allowances, overpay capital gains or income tax, or face higher inheritance tax liabilities than necessary.

Good planning is about creating financial clarity and future-proofing your estate, investments, and retirement strategy.

What Strategies Can Help Reduce Income, Capital Gains, and Inheritance Tax?

A well-structured personal tax plan can include a variety of strategies designed to minimise tax liabilities across different income types, such as:

• Income Tax reduction – Utilising personal and marriage allowances, making pension contributions, or investing through ISAs to lower taxable income.

• Capital Gains Tax (CGT) mitigation – Spreading disposals across multiple tax years, transferring assets to a spouse or civil partner, or investing in tax-advantaged schemes like the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS).

• Inheritance Tax (IHT) planning – Making use of annual exemptions, lifetime gifts, and trusts to reduce estate value, or using life insurance policies written in trust to protect beneficiaries from future liabilities.

• Charitable giving – Donating to registered charities to receive income tax relief while supporting chosen causes.

• Asset structuring – Holding investments or property in the most tax-efficient way to balance income, capital, and inheritance exposure over time.

Do Personal Tax Planning Services Include Wealth Structuring and Investment Advice?

Many personal tax planning services go beyond compliance and include broader wealth structuring.

Advisors may work with independent financial planners to assess how your assets, such as property, pensions, ISAs, and business holdings, are owned and structured.

This helps optimise your tax position across income, capital, and future inheritance scenarios. For investors, strategies may include portfolio rebalancing to remain tax-efficient or adjusting investment vehicles for long-term planning.

How Can Tax Planning Support Retirement, Gifting, or Property Sales?

Personal tax planning plays a crucial role in life events such as retirement, gifting assets to family, or selling high-value property.

Retirement planning often involves balancing pension withdrawals, ISAs, and dividend income to be tax-efficient.

When gifting, tax planning ensures that gifts fall outside of your estate for IHT purposes. For property owners, advisors can guide you on timing disposals, using private residence relief, or transferring ownership to reduce CGT exposure.

Is Hiring a Tax Planner a Cost-Effective Step Toward Financial Security?

Working with a professional personal tax planner is a cost-effective investment—especially when compared to the potential tax savings and penalties avoided. Many individuals who handle their tax affairs without advice end up missing available allowances or triggering unexpected liabilities.

A specialist advisor ensures you remain compliant, make informed financial decisions, and keep more of your income or assets over time. This guidance is especially valuable in periods of change, such as starting a business, receiving an inheritance, or preparing for retirement.

Can Advisors Help With International Tax or Residency Status Planning?

If you’re a UK expat, non-domiciled individual, or have cross-border income streams, tax advisors can provide personal tax planning tailored to international circumstances. This might involve double taxation treaty advice, residency and domicile assessments, or offshore asset structuring.

These services ensure that you comply with both UK and international tax obligations while avoiding unnecessary exposure to tax in multiple jurisdictions.

How Often Should You Review Your Personal Tax Position?

Your personal tax planning should be reviewed annually, at a minimum, to reflect changes in income, legislation, and personal circumstances. However, more frequent reviews may be necessary during key life stages—such as selling a business, buying property, or planning your estate.

Ongoing reviews help you stay ahead of HMRC deadlines, take advantage of reliefs before year-end, and adapt your plan to new financial goals.

Contact Professional Accountants for a consultation on getting personal tax planning services.

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