End of tax year planning....

With only weeks to go to the end of the tax year, now is the time to assess investment positions in order to keep capital gains tax and income tax liabilities to a minimum and to maximise use of allowances, exemptions and reliefs.  Remember that some allowances may be lost if not used before the end of the tax year.

Simple actions such as managing savings within a family so that the individual earnings allowance before tax of £6,475 is utilised could achieve significant savings.

It may also be worth researching possible tax planning opportunities that may arise with the rules surrounding pensions changing and new limits being introduced for 2011/12.

Act now, don’t miss out...