New (tax) year… new you?
| A new tax year offers a fresh start to review and refocus your financial goals. | Maximise ISA and pension contributions to reduce tax liabilities and grow your savings efficiently. | Smart tax planning and disciplined habits are key to building long-term financial peace of mind. |
If your financial plans haven’t been going exactly as you wanted so far in 2025, a new tax year is the ideal moment to get back on track. By considering your financial plan for the year ahead, you can enter the new tax year with confidence, make the most of your money and ensure financial peace of mind.
Max out your tax savings
When the new tax year started on 6 April 2025, savers were able to access fresh allowances and reliefs. Follow these three simple steps to minimise your tax liabilities:
- Use your ISA allowance
Saving or investing up to £20,000 in an Individual Savings Account (ISA) allows you to grow your funds in a tax efficient manner
- Maximise pension contributions
Doing so allows you to benefit from tax relief as well as potentially lowering your taxable income
- Think about Capital Gains Tax
Making use of your annual exemption helps you avoid unnecessary tax liabilities.
Your financial future starts now
As one tax year ends and another begins, taking the time to refocus on your financial goals can bring immense benefits. By setting clear objectives, looking to maximise smart tax planning and sticking to disciplined financial habits, you can lay the building blocks for long-term financial success.
Financial peace of mind comes from knowing that you have taken the steps you can to improve your position. Start your new tax year planning today!
Tax treatment varies according to individual circumstances and is subject to change.
Stocks and Shares ISAs invest in Corporate bonds; stocks and shares and other assets that fluctuate in value.