⏳ Don’t Leave Allowances on the Table

Tax Year Ends 5th April

With the end of the tax year on 5th April fast approaching, now is the time to check you’re making the most of your tax-free allowances.

Because once the deadline passes… they’re gone.

There’s no rolling them forward, no second chances, it’s very much a use it or lose it situation.

And with tax thresholds frozen, using these allowances has never been more important if you want to keep more of your hard-earned money.

💡 Why Acting Now Matters

If you haven’t already used your allowances for this tax year, there’s still time, but not much.

It’s crucial to act before 5th April, and ideally sooner, as some providers have earlier cut-off dates for processing.

Leaving it until the last minute could mean missing out altogether.

📊 Key Allowances to Review Before 5th April

Here are the main allowances to check before the tax year ends:

💷 ISA Allowance £20,000

You can invest up to £20,000 across your ISAs this tax year.

The benefit?

✔️ No income tax on interest or dividends

✔️ No Capital Gains Tax on growth

It’s one of the most powerful and flexible tax-free wrappers available and often overlooked.

💼 Pension Contributions up to £60,000

You can contribute up to £60,000 (or 100% of your earnings if lower) across all pensions.

✔️ Potentially reduces your tax bill

✔️ Builds long-term financial security

A win both now and for the future.

👶 Junior ISA £9,000

You can save or invest up to £9,000 per child tax-free.

A great way to build a future fund while making the most of available allowances.

📈 Capital Gains Tax Allowance £3,000

You can realise gains of up to £3,000 on investments or assets outside an ISA without paying CGT.

If you’re planning to sell investments, it’s worth considering whether to use this allowance before the year-end.

🎁 Gifting Allowance £3,000

You can gift up to £3,000 each year without it being added to your estate for Inheritance Tax purposes.

This can be a simple but effective part of longer-term tax planning.

🧠 A Quick Reminder

This isn’t about doing everything, it’s about making sure you’re not missing easy opportunities.

Even making use of one or two allowances can make a meaningful difference over time.

📘 Coming Soon…

What Everyone Needs to Know About Tax is launching very soon, a straight-talking guide packed with practical tips to help you save tax, stay compliant, and feel confident about your finances.

Keep an eye out 👀

If you’re unsure what applies to you or want help reviewing your position before the deadline, it’s always worth getting advice sooner rather than later.

Lisa x

Team TaxTalks