We are nearly at the end of the tax year – 5 April 2019 is looming. There is still a little time for you to reduce your tax liabilities – some of the options that may be available to you are –
– perhaps making a lump sum payment into your pension
– making sure that you have invested the maximum into your ISA for this tax year
– making sure that you have taken advantage of the £2000 tax free dividend allowance in this tax year, if profits allow,
– if you can draw more dividends, make sure that you take advantage of the 7.5% tax rate on dividends for basic rate tax payers.
If you wish to chat through any of these options, then please feel free to give us a ring on 01670 528416.