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 Government has updated its information about the Eat Out to Help Scheme and you can get more help with registration, eligibility and how to offer the discount for the Scheme here:

https://lnkd.in/gR6yEMX

Job Retention Scheme Bonus.

More details to follow on 30.9.20, can claim if wages over £520 a month on average between the 1 November 2020 and 31 January 2021. Claim in Feb 2021. It is taxable and should be shown as income.
https://lnkd.in/gRWX3A5

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