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Following the dawn of a new tax year on 6 April, here are five tax tips to get the most out of your tax allowances this year:
By taking a proactive approach to your finances at the start of the new tax year it is much easier to make sure you take advantage of the reliefs available to you. If you wait until the tax year draws to a close on 5 April, you may not be fully benefiting from the allowances that have been available to you for the previous 11 months, and you will be less likely to utilise all the planning opportunities available to you.
Steven Metcalf, Business Services Manager, Kendal.
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