End of personal tax year planning
March 28th, 2019 Posted by Claire Yeats Archive 0 thoughts on “End of personal tax year planning”With just seven days to go to the end of the end tax year, have you considered doing any of the following:
- Make any last minute pension contributions*
- Make any charitable donations (and keep records of the same)
- Utilise any unused ISA allowances:
- ISA up to £20,000 p.a
- Junior ISA up to £4,260 p.a
- “Help to Buy” ISA is still available until 30 November 2019
- Cleardown any overdrawn directors’ loan accounts
- Check your newly issued tax code
*Maximum pension contributions are £40,000 per annum (or up to 100% of relevant earnings). You may have more than £40,000 allowance if you have unused allowance from the last three years and have been a member of a registered pension scheme during that time. If you have low or no earnings, you can invest up to £3,600 into a registered pension scheme.
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