The 2022/23 tax year ends on Wednesday 5 April. After this date, many allowances reset, and it could be your last chance to use some of them.
Allowances can help your money go further by reducing your tax liability. Reviewing your finances before the deadline could help you identify some allowances that could be right for you.
This guide explains eight useful allowances to consider before the 2022 / 2023 tax year ends.
- Personal Allowance
- Dividend Allowance
- ISA Allowance
- Tax Efficient Investments
- Capital Gains Tax annual exempt amount
- Pension Annual Allowance
- Inheritance Tax annual exemption
- Gifts from your income.
Download your copy of The End of Year Tax Guide to find out more.
If you have any questions about your financial plan and which allowances make sense for you, please get in touch at info@rpg.co.uk.