Many will have made a New Year’s resolution and made plans on how best keep them. It is also a good idea 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 2019/20 tax year (currently £20,000 each).
You might also want to consider increasing your pension savings before 5 April 2020 as the unused annual pension allowance is lost after three years.
For those looking to do some Inheritance Tax Planning, it would also be a good time to review (or make) your Will. Please contact us if you have any questions at all.
January 9th, 2020