Personal Tax Planning
The personal tax system is becoming more and more complex with ultimate responsibility falling on the shoulders of the taxpayer. To optimise a taxpayer’s position requires sound professional advice. This can be offered by us along with completing your tax return.
When looking at your annual tax liability SJPR always include:
- Income Tax
- Capital Gains Tax
- Inheritance Tax
- Trusts and estates
- Non-domiciliary tax issues
Every pound of Income Tax you save means more income at your disposal, every well-planned disposal of assets means minimal loss of capital gains, and every Inheritance Tax saving means more benefit for your beneficiaries.
Make sure you take full advantage of the tax saving opportunities open to you – call us today for a personal tax planning review.
Personal tax planning that works for you
The UK personal tax system is complex, and responsibility for getting it right sits with the taxpayer. With allowances frozen and rules changing every year, careful planning can significantly reduce what you pay. SJPR Accountants gives clear, practical advice tailored to your circumstances.
Areas we advise on
- Income Tax planning for employees, directors, landlords and the self-employed
- Making full use of the Personal Allowance, dividend allowance and savings allowances
- Pension contributions and tax relief
- ISAs and tax-efficient investments
- Capital Gains Tax on property, shares and business disposals
- Property income and the treatment of mortgage interest
- Family planning, including transfers between spouses
International and non-UK tax
Many of our clients have links with Brazil, Portugal and other countries. We advise on UK tax residence, foreign income and gains, double taxation agreements and the regime that replaced the remittance basis for non-domiciled individuals from April 2025.
A year-round approach
Good tax planning happens before the end of the tax year, not after it. We review your position regularly so opportunities are taken in time.
Frequently asked questions
How can I reduce my Income Tax legally?
Common routes include pension contributions, using ISAs, sharing income with a spouse, claiming all reliefs and choosing the most efficient way to take income from a company.
Do I pay UK tax on foreign income?
UK residents are generally taxed on worldwide income, but double taxation agreements and reliefs can prevent the same income being taxed twice.
What changed for non-doms in April 2025?
The remittance basis was replaced by a residence-based regime, with a four-year exemption on foreign income and gains for qualifying new arrivals.
When should I review my tax position?
Ideally before the end of each tax year on 5 April, and whenever your income or circumstances change.
Speak to SJPR Accountants. Call 020 3371 0292 or contact our London team to book a consultation.