7 allowances you might want to use before the end of the 2024/25 tax year
Checking if you could make use of these tax allowances before 5 April 2025 might help your money go further.
When a new tax year starts, many allowances reset. So, checking if you could use these valuable allowances before 5 April 2025, when the 2024/25 tax year ends, might help your financial situation.
It’s important to understand which allowances fit into your financial plan and suit your goals.
To help you with this process, we have produced our latest Guide to Annual Tax Allowances. This details seven allowances that you can potentially make use of before 5 April 2025. Please click on the link below to read or download it.
If you’d like to discuss how allowances could fit into your financial plan and which ones you may want to use before the end of the current tax year, we could help.
It’s not too soon to make a plan for the 2025/26 tax year either. Thinking about which allowances could make sense for you may help you manage your outgoings.
For example, you might choose to make monthly deposits into your ISA rather than contribute a lump sum at the end of the tax year.
Please contact us to talk about your finances and how allowances may help you get more out of your money.
Please note
This guide is for general information only and does not constitute financial advice, which should be based on your individual circumstances. The information is aimed at retail clients only.
The guide is based on our current understanding of legislation, which is subject to change.
The Financial Conduct Authority does not regulate estate, tax planning, Inheritance Tax planning, or advice on cash on deposit.
Our Guide to Annual Tax Allowances