List your present and projected assets and income streams.
To start tax planning, you can ask yourself what you currently own (that’s of value) and where you generate an income.
For instance, your assets might include stocks and shares, bonds, cash savings, cars, jewellery, cryptocurrency, property, businesses and pension savings/investments.
Your income streams may comprise your salary, dividends, self-employed (or freelance) income, rental income from tenants, pension income and royalties (e.g. from book/music sales).
With a clearer picture of your assets and income, it becomes easier to identify which taxes may affect you and how you can start planning for them.
You can also project how these might develop and expand in the future, to give you an idea of which taxes may affect you. This can help you develop a long-term tax mitigation plan.