Personal Tax Planning

Want to pay less tax?

Personal tax can be complex due to increased legislation and changing circumstances such as marriage, divorce, school fees planning, retirement, and long term care.

How you structure your personal affairs can have a huge impact on the tax you pay. We’ll work with you to come up with an individual tax planning strategy that makes sure you pay the least amount of tax.

Getting your tax right has never been more important. Penalties are growing and HMRC is cracking down more and more. We’ll make sure your tax affairs are legal and accurate, right down to the last detail.

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Personal tax relief

We can help to optimise tax reliefs and exemptions in a way that is tailored to your individual circumstances, ensuring you don’t pay too much tax. Our experienced tax team provide a comprehensive range of specialist personal tax services to individuals.

Personal tax services

Income tax

Whether you need your self assessment tax return completing, or want to know how to maximise your tax allowance and reliefs, our experienced team provide a comprehensive range of personal tax services. We can help with with:

Completing and filing personal tax returns.
Personal tax calculations.
Advice on personal tax payments.
Maximising allowances and reliefs from earnings.
Dealing with and answering HMRC queries.
Supporting you with HMRC tax inquiries.

Capital gains tax (CGT)

If you own and sell valuable assets (for example additional property) you may need to pay Capital Gains Tax (CGT) on the profit. This can often involve complex calculations. We’ll do the calculations for you or tell you if the asset is exempt.

Inheritance tax (IHT)

Our team can tell you how much Inheritance Tax your beneficiaries might have to pay in the future. They can create a plan for passing on wealth and, if applicable, your business, in the most tax-efficient way possible.

Trusts

Trusts are created as a means of wealth preservation. They can provide flexibility in allowing assets to be passed down through the generations in a secure and tax efficient manner. Our specialists can advise on the initial creation of a trust and help you to choose the most suitable structure. Once the trust has been formed we can provide ongoing advice concerning the running of the trust.

Estates

Our estate planning specialists can assist you in mitigating inheritance tax liabilities by utilising lifetime gifts, both outright or via a trust.

HMRC tax investigations

All enquiries by HMRC should be taken seriously. Haines Watts Tax Investigation Team has dealt with tax investigations at all levels and know that the involvement of a specialist at the right time can be crucial.

Land & property portfolio planning

If you own several properties, you need to ensure you have the most tax efficient ownership structure. Investment property can be owned through different structures and all have an impact on your personal tax position. Our tax team have experience in advising individuals with buy-to-let properties, developers, and owners with commercial property both in the UK and overseas.

Education fees planning

School fees can be a significant cost to incur. It’s important to have a plan in place that ensures the fees are affordable, efficient and sustainable. This may be a combination of maximising the use of existing personal sources of income or accessing alternative funds. Our team can advise you on the best options.

High-net-worth individuals

Our team of personal tax specialists is experienced in working with high-net-worth individuals and will understand your unique requirements. In addition to ensuring that your personal tax affairs remain compliant, we will advise you on strategic tax planning.

Non-domiciles

Many of our non-domiciles clients have an international tax aspect to their personal financial matters. We will help you protect your earnings and minimise your tax liabilities while complying with local tax laws. We'll provide peace of mind that your international personal tax affairs are in order.

Haines Watts personal tax team

We’ve got some of the best tax people in the business to make sure you’re not only compliant, but that you save tax. If you’re concerned about your tax, don’t worry; whatever personal tax advice you need, one of our personal tax team will be able to help.