Personal Tax

KINGSWAY provide a comprehensive personal tax advisory service for domestic and international individuals that is tailored to each individual’s family’s circumstances. As a firm of chartered tax advisers we’ll ensure you tax liability as less as possible every year. You will also be advised of your tax liability for the current year and payment on the account for the following year.

Our services include:

  • Preparation of self-assessment tax returns for Sole traders, Individuals including company directors, partnerships, business partners and high net worth individuals
  • Annual review of taxation affairs, tax planning opportunities & claims
  • Domicile and residency fillings
  • General capital gains tax advice
  • Checking and adjusting PAYE notices of coding
  • Advising directors on the most tax efficient form of remuneration

Tax is paid on the amount of taxable income remaining after allowances have been deducted.

Band Rate Income after allowances 
2015 to 2016 Income after allowances 
2014 to 2015 Income after allowances 
2013 to 2014
Starting rate for savings 10% (0% from 2015 to 2016) Up to £5,000 Up to £2,880 Up to £2,790
Basic rate 20% Up to £31,785 Up to £31,865 Up to £32,010
Higher rate 40% £31,786 to £150,000 £31,866 to £150,000 £32,011 to £150,000
Additional rate 45% Over £150,001 Over £150,001 Over £150,001
Additional rate 50% N/A N/A N/A

Contact us now to see how you can benefit from our personal tax services