Individual Tax Planning

Tax planning is a vital part of financial management for individuals and businesses. At Reaveley Cooper Accountants, our focus is on helping you take proactive steps to minimise tax liabilities, maximise savings, and ensure compliance with HMRC regulations. With tax rules and allowances continuing to evolve, staying organised and informed is more important than ever.

What Is Tax Planning?

Tax planning means structuring your financial affairs to legally minimise your tax bill. This includes making informed decisions about your income, investments, and business expenses so you can make the most of available reliefs and allowances—all while following UK tax law.

Our Tax Planning Focus

We offer practical support in areas such as:

• Maximising personal tax-free allowances (such as your personal allowance, ISA allowance, and dividend allowance)

• Optimising employer pension contributions, salary sacrifice arrangements, and tax-efficient business structures

• Claiming available tax reliefs for charitable donations and qualifying investments (including EIS and SEIS)

• Reviewing profit extraction strategies for business owners

• Staying up to date with changes to Self Assessment requirements, business asset disposal rules, and recent HMRC reforms

Our Advisory Boundaries

Please note:
Reaveley Cooper Accountants do not offer inheritance tax (IHT) planning or independent financial advice (IFA) services. However, if you require specialised advice in these areas, we are happy to recommend experienced IFAs or solicitors from our trusted professional network.

Why Tax Planning Matters in 2025

• Maximise Savings: Reduce your taxable income and keep more of your earnings.

• Stay Compliant: Meet tax deadlines and abide by the latest rules to avoid penalties.

• Build Stability: Effective tax strategies support your long-term business and personal goals.

Recent HMRC Updates

• Higher reporting thresholds may remove Self Assessment requirements for some taxpayers.

• Interest rates on unpaid tax are rising from April 2025, making timely payment even more important.

• Changes are coming for furnished holiday lettings and business asset disposal relief.

How We Can Help

Our team can help you align your personal or business finances with current HMRC regulations, identify tax-saving opportunities, and keep you informed about key changes affecting your situation. For guidance tailored to your needs, please contact your regular Reaveley Cooper accountant, or talk to us if you need a referral for independent financial advice or inheritance tax planning.

For the latest updates, you can also visit the official HMRC website.