Keeping more of your money to enjoy, invest, save or pass on
2020/21 year end tax planning – Tax never requires a one-size-fits-all approach. Each taxpayer and each year will be different. The end of the current 2020/21 tax year is approaching on Monday 5 April 2021. So, now is the time to carry out a tax health check and implement any planning opportunities.
We should all be thinking about tax planning throughout the course of a year, but this year we have been distracted by the impact of the coronavirus (COVID-19) pandemic on our lives.
Tax planning opportunities
Tax planning might not sound very exciting, but it can have a dramatic effect on your personal finances. It is important to ensure that, if you have not done so already, you take the time to carry out a review of your tax and financial affairs to identify any tax planning opportunities and take appropriate action before it’s too late.
The best way to pay less tax is to plan ahead. And, with the right tax planning advice you’ll keep more of your money to enjoy, invest, save or pass on. Paying no more tax than you should, is something we all strive for.
Our guide to year end tax planning
Our guide takes you through a few reminders of the issues you may want to consider adding to your 2020/21 tax planning to-do list.
Take a look at our other guides available:
- Investment Outlook for 2021
- A guide to self-invested personal pensions SIPPs
- A Guide to Environmental, Social and Governance Investing (ESG)
- A guide to wealth preservation and wealth transfer