With the tax year-end fast approaching, now is the time to consider your family’s priorities and what actions you need to take before 5 April to support your short, medium and long term strategy
In our insight we have outlined what you should be thinking about, including:
- the various allowances and reliefs available for savings, dividends, trading and property
- pension contributions
- income from jointly-owned assets
- your current Inheritance Tax exposure
- the tax advantages of donating to charity and how to make donations via Gift Aid
- tax-advantaged investments such as Venture Capital Trusts, Enterprise Investment Scheme and Seed Enterprise Investment scheme and how it could reduce your tax liability.
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