Cultivate Wealth with End Of Tax Year Planning

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Cultivate Wealth with End Of Tax Year Planning. With only a couple of months until the end of the financial year, it’s the perfect time to explore the strategic advantages that come with end of tax year planning.

Cultivate Wealth with End Of Tax Year Planning

A lot of our annual allowances are “use it or lose it” allowances, making them an important consideration.

Some of the following may also not apply to your circumstances if you have already used the allowances this tax year.

Here’s a brief introduction into the key allowances that should be considered:

ISA Allowance

Your Individual Savings Account (ISA) allowance of £20,000 is a valuable resource for tax-efficient investing.

If you haven’t fully used this allowance during the tax year, consider transferring money from other savings into an ISA, or exploring the “Bed and ISA” strategy. 

This involves selling existing investments outside your ISA (should you have them) and repurchasing them within the ISA, potentially shielding future gains from capital gains tax.

Pension Allowance

Maximising your pension allowance not only ensures a comfortable retirement but also provides valuable tax relief. 

If you haven’t fully used this allowance during the tax year, now is a good time to consider reviewing whether contributions into a pension are right for you.

CGT Allowance

The annual Capital Gains Tax (CGT) allowance is a powerful tool for minimising tax impact. 

If you haven’t used this allowance to its fullest extent during the tax year, it’s worth considering, especially with the “Bed and ISA” strategy mentioned above.

Personal Tax Allowance

Your personal tax allowance is a shield against taxation on your income. It’s worth considering how your income structure can use this allowance efficiently. 

Often income is difficult to restructure, but worth considering, nonetheless.

Gift Allowance

The £3,000 annual gift allowance is a great tool for inheritance tax planning. If you haven’t used this allowance in the tax year, consider making a gift to those you feel would benefit. 

The gift would automatically fall outside of your estate, reducing your inheritance tax bill. 

This can be done every year, and only carried forward for one year if not used, i.e. if you didn’t use it last year, you can gift £6,000, but no more.


In wrapping up, these annual allowances aren’t just financial tools; they’re opportunities to sculpt a tax-efficient and secure financial future.

Whether it’s maximising your ISA for tax-efficient investments or strategically using the gift allowance for inheritance planning, each allowance plays a vital role.

Remember, the clock is ticking on the “use it or lose it” principle. As the tax year progresses, consider this a call to action – a chance to optimise and make the most of these valuable opportunities.


The tax treatment is dependent on individual circumstances and may be subject to change in future.

A pension is a long-term investment. The fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.

The above article is for information purposes and should not be taken as advice.

Advice on tax planning and inheritance tax planning is not regulated by the Financial Conduct Authority.


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