Plan now to make the most of your tax allowances
The new tax year provides an excellent opportunity to do some simple tax planning. With the annual ISA allowance standing at £20,000, and the Junior ISA limit at £4,368, it makes sense to make the best possible use of these generous tax breaks.
It’s also a good time to check your retirement planning is on track and maximise your use of the tax relief on contributions within the Annual and Lifetime Allowances.
INFORMATION IS BASED ON OUR CURRENT UNDERSTANDING OF TAXATION LEGISLATION AND REGULATIONS. ANY LEVELS AND BASES OF, AND RELIEFS FROM TAXATION, ARE SUBJECT TO CHANGE.