Personal tax planning
Income tax planning can make a significant difference to the tax you pay. By planning for income tax, you should be able to take advantage of any opportunities to minimise your tax bill. Personal tax planning can present additional options, for example in terms of capital gains tax and inheritance tax.
This outline provides a brief introduction to personal income tax planning and other personal tax planning issues. If you are in business, this should be part of a broader look at your overall business taxes.