The 2022/23 tax year ends on Wednesday 5 April. After this date, many allowances reset, and it could be your last chance to use some of them.
Allowances can help your money go further by reducing your tax liability. Reviewing your finances before the deadline could help you identify some allowances that could be right for you.
This guide explains how seven useful allowances work:
- Marriage Allowance
- ISA allowance
- Dividend Allowance
- Capital Gains Tax annual exempt amount
- Pension Annual Allowance
- Inheritance Tax annual exemption
- Gifts from your income.
Download your copy of ‘The 2022/23 end of tax year guide: 7 allowances to make use of before 5 April 2023’ to find out more.
If you have any questions about your financial plan and which allowances make sense for you, please get in touch.
Philip is a CFP and Chartered Wealth Manager with a Masters in Finance from London Business School. He specialises in helping senior executives, professionals and their families make better financial decisions. His work focuses on retirement planning, investment management and helping clients make the most of their wealth.
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