Proper tax year end planning can still reduce your tax bill. Here are a few quick suggestions;
- Maximise your ISA allowance this tax year, currently £10,680 total available to an individual
- Make pension contributions. The budget has not reduced the limits and so personal contributions qualify for up to 50% Income tax relief.
- Invest into a VCT or EIS. These investments attract 30% income tax relief in the year of investment
- Make use of the annual £3,000 Inheritance tax exemption
