At inception you will deal with a client portfolio incorporating high net worth individuals. Some clients may have sourced their wealth through inheritance, business, sports and political careers, while some may even be media or entertainment legends. Building a relationship with individuals is paramount, as this is an area with a lot of client interaction. Your focus will range from filing personal tax returns to coming up with ways to minimise personal tax liabilities. You will gain experience in trusts, capital gains tax, inheritance tax and implementing cutting edge tax strategies for minimising tax liabilities. You are also very likely to work with some very famous names!

Is it for you?
Whilst excellent technical capability is essential, you will also need to possess broad interpersonal skills in order to build the kind of relationships that foster trust and openness with your personal clients enabling them to talk candidly regarding their financial affairs. Many wealthy individuals have challenging and demanding elements to their personalities, hence you will need to posses a high proportion of adaptability and in some cases even tolerance. Strong communication skills are a prerequisite as you will need to explain complex technical matters in non- technical terms.

Career Prospects
Most firms of accountants will offer personal tax services, and specialists in this field are in continual demand. The specialism creates very rewarding long-term personal relationships and referrals, not to mention the satisfaction of knowing you have significantly enhanced an individual's wealth and livelihood. There is good career progression in this area, particularly as personal relationships with clients and resulting revenues grow.