As we enter 2025, we reflect on the significant events and transitions of the past year. The months ahead promise to bring new opportunities and challenges across various sectors and industries. With the tax year end approaching in April, now is the ideal time to review your finances and refine your planning to stay ahead.
To help you focus on the issues, our guide to Year End Financial Planning 2024/25 brings you essential guidance for those opportunities.
While Labour’s first Budget at the end of March included an immediate change to levels of capital gains tax, there was also no movement on frozen tax bands and thresholds. The effect has been to push increasing numbers into higher tax brackets. We can help you navigate all the complexities and hurdles, keeping your personal finances on track.
Our guide to Year End Financial Planning 2024/25 will assist in making sure you maximise your allowances and reliefs to reduce your tax bill. The guide offers practical, concise steps you can take across key issues, such as:
- income tax saving opportunities
- tax-efficient investments
- pensions planning
- directors, employees and the self-employed
- capital gains tax planning
- inheritance tax planning
- charitable giving.
With added examples and key planning points, we hope the guide gives you some ideas for how to make the most of your finances for the end of the tax year. If you would like to discuss any of the issues raised, please do not hesitate to get in touch with us.
Don’t forget – if you don’t use some of your tax allowances before 6 April 2025, you lose them.
Download our Year End Financial Planning guide here
If you would like any assistance in developing a tailored financial plan, contact us on 0114 266 4432 or email info@smh.group.
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