Money Minder UK

« Return to news section

In Brief: Tax-wise

Thursday, 02 January 2020

The beginning of a new year signals the closing of the financial tax year. As the 5th of April for the 2019/20 tax year looms many will want to check if they have made the most of their annual allowances, reliefs and exemptions that could help reduce their tax bill. Leaving the end-of-year tax planning until the last minute means that some allowances are not used up and the sooner you claim them the better. Some of the main areas to consider if appropriate to your particular situation can include but are not necessarily limited to: ISA allowances, pension contributions, inheritance tax and capital gains allowance.

Full article »

« Return to news section
Please be aware these articles are for general information purposes only and correct at time of printing. We will not accept responsibility for any errors made or actions taken by any readers that have acted on the information contained. Answers given are for guidance only and specific advice should be taken before acting on any of the suggestions made. All information is based on our understanding of current tax practices, which are subject to change. Always remember when investing, past performance is not necessarily a guide to future performance and the value of some investment units can fall as well as rise.