25/02/2026
As the tax year-end approaches on 5th April, it’s a great time to take stock of your finances and make sure you’re making the most of the allowances available to you.
Here are some key actions to consider before the deadline:
🔎 𝟏. 𝐔𝐬𝐞 𝐘𝐨𝐮𝐫 𝐈𝐒𝐀 𝐀𝐥𝐥𝐨𝐰𝐚𝐧𝐜𝐞
You can invest up to £20,000 into ISAs each tax year. Any unused allowance is lost after 5th April. ISAs offer tax-efficient growth and income, making them a core part of many financial plans.
💼 𝟐. 𝐌𝐚𝐱𝐢𝐦𝐢𝐬𝐞 𝐏𝐞𝐧𝐬𝐢𝐨𝐧 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧𝐬
Pension contributions benefit from tax relief and can significantly boost your retirement savings. Most people can contribute up to £60,000 annually (subject to earnings and allowances). Don’t forget to review unused allowances from the previous three years if applicable.
💷 𝟑. 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐆𝐚𝐢𝐧𝐬 𝐓𝐚𝐱 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠
Each individual has an annual Capital Gains Tax (CGT) exemption (£3,000 for 2025/26). If you’re considering selling investments, now may be the time to use this allowance before it resets.
👨👩👧 𝟒. 𝐌𝐚𝐤𝐞 𝐔𝐬𝐞 𝐨𝐟 𝐆𝐢𝐟𝐭𝐢𝐧𝐠 𝐀𝐥𝐥𝐨𝐰𝐚𝐧𝐜𝐞𝐬
You can gift up to £3,000 per tax year free of Inheritance Tax implications (and potentially carry forward last year’s unused allowance). Small gifts and regular gifts out of income can also be effective estate planning tools.
📊 𝟓. 𝐑𝐞𝐯𝐢𝐞𝐰 𝐘𝐨𝐮𝐫 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬
Tax year-end is an ideal opportunity to review your portfolio. Are your investments aligned with your goals and risk tolerance? Rebalancing now can help keep you on track.
📝 𝟔. 𝐂𝐡𝐞𝐜𝐤 𝐘𝐨𝐮𝐫 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐀𝐥𝐥𝐨𝐰𝐚𝐧𝐜𝐞𝐬
Marriage Allowance, dividend allowance, and savings allowances are all worth reviewing to ensure you’re not missing out.
Tax planning is not just about saving tax today, it’s about aligning your finances with your long-term goals.
If you’d like a personalised review before the tax year ends, feel free to get in touch. A proactive approach now can make a significant difference over time.
