Your Tax Year End Checklist

The end of the tax year is always busy as it’s the perfect time to review your financial arrangements. It makes sense to check that you are using all the allowances and exemptions open to you before they disappear on 6 April 2016.

Pension Planning

 ·         Maximise the £40,000 annual allowance

·         Fully use carry forward relief

·         Make sure higher rate and additional rate taxpayers get tax relief on their pension                            contributions at their highest rate of tax

·         Maximise allowance and reduced lifetime allowances

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