--- title: "Personal Tax Planning in Cardiff | Luminaire Accounts" description: "Plan your income, dividends and allowances to reduce tax and avoid surprises. Clear forecasts and practical next steps for the year ahead." canonical: "https://hlsaccounting.co.uk/services/personal-tax-planning" --- Tax Services - Personal # Personal Tax Planning We help individuals across Cardiff and South Wales keep more of what they earn through smart, proactive tax planning. Whether you're self-employed, earning rental income, or juggling multiple sources, we'll make sure you're not paying a penny more than you need to. [Book a free consultation](https://calendly.com/hlsaccounting/new-client-meeting) 10 Years serving South Wales 200+ Personal tax returns filed ACCA Chartered Certified ![Two adults at a desk calmly reviewing blank financial documents with a calculator and laptop, with a calendar in the background.](/_next/image?url=%2Fapi%2Fmedia%2Ffile%2Ftax_planning_advisor_desk_realistic_studio_photo.png%3Fv%3D1773064215848&w=1536&q=75&dpl=dpl_DEc4fGhEc1SCRZZutzoEsRuDy1CJ) ## What we cover Personal tax planning covers everything from your annual self-assessment through to longer-term strategies that reduce your liability year after year. Here's what we can help with. ### Self-Assessment Tax Returns Accurate preparation and filing of your annual return, claiming every relief and allowance you're entitled to. ### Capital Gains Tax Planning Smart strategies to minimise tax when you sell property, shares, or other assets. ### Inheritance Tax Planning Protecting what you pass on by structuring gifts, trusts, and reliefs in the most tax-efficient way. ### Tax-Efficient Investments Advice on ISAs, pensions, and other vehicles that grow your wealth without HMRC taking a slice. ## How we help you keep more of what you earn Personal tax planning is about looking at your full financial picture and finding legitimate ways to reduce what you owe. It's not just filing your return each January. It's ongoing advice that spots opportunities, claims reliefs you might not know about, and structures things so HMRC takes less and you keep more. We start with a straightforward conversation about your income, assets, savings, and plans. From there, we prepare your self-assessment return, compute exactly what you owe, and handle all the correspondence with HMRC. If you're self-employed, have rental income, investments, or more than one source of earnings, we'll build a bespoke strategy that fits your circumstances. > Most people overpay simply because they don't know what reliefs they qualify for. More information ### What's included - Preparation and filing of your **self-assessment tax return** to HMRC deadlines - Identification of reliefs, exemptions, and allowances specific to your situation - Advice on **remuneration and dividend planning** if you run a limited company - Strategies for **capital gains tax** when selling property, shares, or other assets - **Inheritance tax planning** to protect what you pass on to family - Ongoing support with tax enquiries, disputes, and HMRC investigations Common concerns we address include missed deadlines, confusion over what's allowable, and the stress of dealing with HMRC correspondence. We handle all of that. You'll have a named contact who returns calls and emails promptly, explains things in plain English, and keeps you compliant without the worry. ### Local knowledge, personal service We work with individuals right across Cardiff and South Wales, from self-employed tradespeople in Bridgend to landlords in the Vale and consultants working from home in Pontypridd. Every client's tax situation is different, and we tailor our advice accordingly. Whether you're just starting out or managing a more complex portfolio, we'll make sure you're paying the right amount and no more. Tax laws change every year, and reliefs are often overlooked. Having someone who stays on top of it for you means you can focus on your work, your family, and your plans, confident that your tax affairs are in safe hands. ### Ready to talk? Book a free consultation and we'll come back to you within one working day to discuss your tax planning needs. [Book a free consultation](https://calendly.com/hlsaccounting/new-client-meeting) ### You might also like - [Dividend Tax Planning](/services/dividend-tax-planning)→ - [Rental Income Tax Returns](/services/rental-income-tax-returns)→ - [High Income Child Benefit Charge Returns](/services/high-income-child-benefit-charge-returns)→ ## Worth considering Tax Services - Personal ### Tax Rebates & Refund Claims We identify overpaid tax and submit accurate HMRC rebate and refund claims for sole traders and small businesses, then chase progress until payment lands. [Tax Rebates & Refund Claims→](/services/tax-rebates-and-refund-claims) Tax Services - Personal ### HMRC Investigation Support Support for HMRC enquiries and investigations, from the first letter to closure. We review your records, manage HMRC correspondence and help resolve tax and penalties. [HMRC Investigation Support→](/services/hmrc-investigation-support) Tax Services - Personal ### Non-Resident Tax Returns Preparation and filing of UK non-resident Self Assessment returns, including UK property income, relief claims and HMRC follow-up, so you stay compliant. [Non-Resident Tax Returns→](/services/non-resident-tax-returns) Tax Services - Personal ### Inheritance Tax Planning Inheritance tax planning that maps your estate, estimates IHT, and sets a clear action plan using reliefs, gifting and ownership changes where suitable for you. [Inheritance Tax Planning→](/services/inheritance-tax-planning) Tax Services - Personal ### Capital Gains Tax Advice Practical Capital Gains Tax advice for business owners and sole traders. We calculate gains, check reliefs and handle HMRC reporting and deadlines across South Wales. [Capital Gains Tax Advice→](/services/capital-gains-tax-advice) Tax Services - Personal ### Self Assessment Tax Returns We prepare and file your HMRC Self Assessment tax return, check expenses and reliefs, and give a clear summary of tax due and key payment dates. [Self Assessment Tax Returns→](/services/self-assessment-tax-returns) ## Before you book These are the questions we're asked most often about personal tax planning in Cardiff and South Wales. How much does personal tax planning cost? It depends on the complexity of your finances. We offer a free initial consultation to assess your situation, then provide a clear fixed-fee quote with no hidden surprises. When should I start tax planning for the year? The earlier the better. Ideally, we'd start planning at the beginning of the tax year in April, but we can help at any point. Leaving it until January means fewer options to reduce your liability. Do I need tax planning if I'm just self-employed? Yes. Self-employed individuals often overlook allowable expenses, pension contributions, and other reliefs that can significantly reduce what you owe. We make sure you claim everything you're entitled to. What happens if HMRC opens an enquiry into my return? We handle all correspondence and represent you throughout the process. Our service includes support with enquiries, disputes, and investigations, so you're never dealing with HMRC alone. Can you help with tax planning if I have rental income? Absolutely. Rental income has specific reliefs and allowances, and we'll make sure you're claiming mortgage interest relief, property expenses, and any other deductions that apply. Will you file my self-assessment return for me? Yes. We prepare, check, and file your return directly with HMRC, ensuring it's accurate and submitted on time. You'll receive a copy for your records along with a clear breakdown of what you owe. Do you offer advice on inheritance tax? We do. Inheritance tax planning involves structuring gifts, trusts, and reliefs to protect what you pass on. We'll assess your estate and recommend strategies that minimise the tax burden on your family. Are you qualified and regulated? Yes. Luminaire Accounting is a Chartered Certified Accountancy firm, and we're fully regulated by ACCA. You can trust that your tax affairs are handled to the highest professional standards. ## Let's talk about your tax planning Book a free consultation and we'll show you exactly how much you could save and what your next steps are. [Book a free consultation](https://calendly.com/hlsaccounting/new-client-meeting)