As the tax year comes to a close on 5 April, it’s a great time to get your finances in order and take advantage of any available tax breaks. Whether you’re employed, self-employed, or have investments, here are some simple year-end tax tips to consider. Use Your ISA Allowance Every tax year, you have…
The UK’s Autumn Budget of 2024, presented by Chancellor Rachel Reeves, introduced several significant changes to the pension landscape. Here’s an overview of the key reforms and their implications: State Pension Increase The government has committed to maintaining the State Pension Triple Lock for the duration of this parliament. Consequently, the basic and new…
The Capital Gains Tax (CGT) annual exemption for individuals, personal representatives and trusts is to change from 6th April 2023. We thought it would be useful to summarise the changes as they may influence tax planning opportunities in advance of the end of the tax year. Background CGT is charged on gains arising from…
