At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5th April.
An obvious tax planning point would be to maximise your ISA allowances for the 2022/23 tax year (currently £20,000 each).
You might also want to consider increasing your pension savings before 5 April 2023 as the unused annual pension allowance from 2019/20 lapses after three years.
Download our January Newsletter for more information on how you can start planning your tax affairs for the year >> Tax-Newsletter-UK-January 2023