Tax planning should enable you to arrange your affairs in ways that postpone or legally avoid taxes. By employing effective tax planning strategies, you could have more money to save and invest or more money to spend. Or both, your choice.
You may consider organising your financial and tax affairs to make the most of the tax-free allowances available to ensure you’re not paying more tax than you need to.
Keeping up with the latest changes to your tax and pension allowances can be difficult, so we’ve provided a summary to help you manage your tax affairs. The UK tax year starts on 6th April each year and ends on 5th April the following year.