As we near the end of the tax year, it’s a golden rule that you should make the most of your annual tax wrappers such as the ISA and Pension allowance.
Now is a great time for you to check – have you invested all that you can into your ISA? (£15,240) – If not, there is still time (just!) Money held in an ISA grows virtually free of tax so is a great place to save.
Have you made the most of your pension allowance? Money invested into a pension receives an instant tax boost and now that pensions are more flexible than ever, they have never looked a more attractive investment proposition. You can even save money into a pension on behalf of your children or grandchildren to give them a great start in life.
Red IFA are able to give you advice on how to make the most of your allowances – get in touch with us today…..the clock is ticking and the new tax year will be here before you know it!