New Year Resolutions To Save Tax

8th 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.

If you feel we could help you and would like to discuss any of the above, please contact David Miller CA on 0131 317 7377 or email to
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