Happy new tax year!

A new tax year has begun and the chance to start your tax planning early, but why rush when there’s almost a year until the next one? Here are a few reasons:

  • You can take advantage of various tax allowances available for the year, such as your Individual Savings Account (ISA) and pension annual allowances
  • You’re likely to benefit from having your money invested in the market for longer
  • If you can’t invest a lump sum, you can set up a regular payment into your ISA or pension, to spread the cost over 12 months
  • Avoiding the last minute rush gives you plenty of time to get everything done
  • You can set up a system for keeping track of all your income, expenses and other financial transactions throughout the year, helping you to budget
  • There is time to research your options and get financial advice to make informed decisions.

We’re here to help you get the new tax year off to the best start.

It is important to take professional advice before making any decision relating to your personal finances. Information within this article is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK.