Today, the 5th April 2024 is the last day of the tax year. This mean that today is the last opportunity to benefit for any allowances that you might have for the 2023 / 2024 tax year.
Ensure you have:
Made the pension contributions that you want to make
Saved what you would like into you ISA – you can invest up to £20,000 a year
Made any saving for you children via a junior ISA, up-to £9,000 a year
Used you capital gains tax allowance – currently £6,000, this is reducing to £3,000 tomorrow
Utilised your annual dividend allowance. Currently £1,000 reducing to £500 from tomorrow
Made any gifts up-to £3,000 a year which is the annual exemption. Relevant for IHT planning
Contact us if you would like to discuss the most tax efficient earning and investing strategies