Tax year end: what you need to think about
The end of another tax year is fast approaching. This is the time of year that we all need to take stock of the tax allowances available to us – and think how to use them to our best financial advantage. The government also uses the start of a new tax year to introduce changes to the tax system and, just like previous years, there are some new issues to consider.
There will be a reduction in how much some people can pay into their pension, if they have already taken some taxable income from it. And the Scottish Government has now decided to use its tax varying powers, which will have an impact on Scottish taxpayers.
In this edition of Thinking Ahead we’ll take a close look at these issues and more. Take a look now – and make sure you aren’t missing the chance to improve your prospects in time for the new tax year.John Lawson - Editor
It's the time of year when many people top up their ISAs. But what are the different types, and are there alternatives for tax-efficient saving or investment?