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New Forest

29/01/2019

New Year Resolutions to Save Tax

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 5th April.

An obvious tax planning point would be to maximise your ISA allowances for the 2018/19 tax year (currently £20,000 each).

You might also want to consider increasing your pension savings before 5 April 2019 as the 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.

For further information on Tax Planning, please contact the tax department on 023 8046 1200.

Latest Tweets

The 5th and final SEISS grant is now available and can be claimed for the period of May to September 2021. https://bit.ly/2UpkqJf

UK retailers who rely on online sales with EU consumers will need to comply with new VAT rules effective from this month, in an effort to stop annual VAT fraud by non-EU ecommerce sellers https://bit.ly/3eGrxUq

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