The tax year is closing soon, do not leave money on the table! Here are some last-minute actions you can take:
✅ Max out your ISA allowance – Tax-free growth and withdrawals! Use your £20,000 limit before it resets.
✅ Top up your pension – Contributions may qualify for tax relief, reducing your taxable income.
✅ Claim tax-deductible expenses – Ensure you’ve accounted for all eligible business or work-related expenses.
✅ Utilise capital gains tax allowances – If you have investments, consider using your annual exemption before it’s gone.
✅ Gift money tax-efficiently – Reduce inheritance tax by making use of your annual gift allowance.
✅ Check dividend allowances – If you take dividends, use your tax-free threshold before rates change.
Time is running out! Make sure you’re making the most of your allowances before the deadline.
