Personal Tax Planning 2024/25

BDO’s 2024/25 tax planning guide summarises many key tax ideas that individuals, families and company owners can benefit from by using current tax incentives in UK legislation. We have also added a helpful starting place page for some key ideas depending on whether you are:  

• A business owner: making the most of R&D and planning for profit withdrawal.
• Coming to / leaving the UK: the importance of understanding the UK residence, domicile and remittance basis rules as well as the proposed changes. 
• A senior employee: thinking about pension contributions and tax efficient investments.
• A property owner: helping you to make your property portfolio tax-efficient and thinking about family wealth in the context of property ownership.
• Thinking about succession: helping you plan for the future.
• Completing a tax return: peace of mind you are getting it right and claiming all appropriate reliefs and exemptions. 
• Planning for retirement: guiding you through the complex and ever-changing pension rules.

Not all of the ideas will be relevant to you, your family or your business, however, where an idea is of interest, please contact us for a discussion on how this can form part of your tax-efficient plans for this tax year and the future.

Download the guide here

The 2024 Autumn Budget announced many changes, some taking effect immediately - find our full analysis on our Budget hub.