After the success of my 12 monthly tips in 2021, It made sense to continue but focusing on Tax Year End planning.
First tax year planning tip……
Pay into a pension scheme
- Contributions to your employer's pension scheme (including any additional voluntary contributions you make) can be made from your gross pay, before any tax is charged.
- The government will top up your pension with tax relief, giving you a free bonus for saving for retirement.
Did you know?
If you're married or in a civil partnership, you can transfer any unused personal allowance from the lower-earning partner to the higher earner…
To know more, keep your eyes peeled for the next planning tip.
