New Year Resolutions To Save Tax8th January 2019 | Posted in: Tax planning
At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5 April 2019.
An obvious tax planning point would be to maximise your ISA allowances for the 2018/2019 tax year (currently £20,000 per person).
You might also want to consider increasing your pension savings before 5 April 2019, as any unused annual pension allowance is lost after three years.
For those looking to do some inheritance tax planning it would be a good time to review (or make) your Will.