Get ahead with your year end tax planning

The approaching tax year-end brings important considerations for individuals and businesses looking to optimise their financial position. Tax rules and regulations are constantly evolving, becoming increasingly complex over time.

In this webinar, we discuss how to stay proactive with your tax planning to ensure you take full advantage of available allowances and reliefs before deadlines approach.

Introduction

What rates and allowances are changing from 6 April 2024?

Business Assets Disposure Relief – any changes?

What can I do to mitigate the effect of the changing rates and allowances?

Do we think then it’s more advantageous to pay less in dividends and more on PAYE for the next tax year?

What isn’t changing that you can still take advantage of before the new tax year?

If you haven’t made pension contributions in prior years, can you make those contributions in this year and get the tax benefit in this year (i.e. above the circa 60k annual threshold)?

What types of investment benefit from tax reliefs?

What other tax efficient planning investments are there?

Is interest on a 2-year NS&I GTD Bond, only paying interest at the end, all taxable in the year of receipt or can this be divided between the first and second year?

Can you use up unused ISA allowances from previous years?

Is dividend income taken into account when calculating pension contributions?

Just back to CGT, what is the date that determines the rate of tax? It always used to be the date of the (unconditional) contract rather than completion?

Married couples or those in a civil partnership can do to maximise tax reliefs and bring their tax liabilities down?

How does that work for unmarried couples?

What are the impacts on allowances or reliefs due to rising income levels that can be mitigated before the end of the tax year?

The Chancellor announced that pensions will be subject to inheritance tax from April 2027, what are the implications for pension savings, and are pensions still as valuable?

What are the implications with respect to IHT if your pension owns commercial properties?

A lot of people will have made money on crypto assets. What tax does one pay on crypto asset gains/income and when does that tax arise? Is there any way of sheltering such income/gains? For instance, do you know whether you can trade crypto through an ISA or in a pension?