The countdown to the tax year end has started…don’t leave it too late

With the tax year end approaching, here are the key strategies to optimise your finances:

• Pensions

  Maximise tax relief and growth but you should note the recent changes. Pensions inherited after April 2027 may face taxes of up to 67%, making them a priority for withdrawals. Adjust risk levels if accessing funds earlier and diversify with other savings plans.

• ISAs

  Use your £20,000 annual ISA allowance for tax-free growth and income. Remember, unused allowances don’t carry over, so act now.

• General Investment Accounts (GIAs)

  Benefit from Dividend and Savings Allowances and your Capital Gains Tax Allowance to reduce tax.

• Offshore Bonds

  Gain tax-deferred growth, inheritance tax (IHT) efficiency, and flexible withdrawal options.

• VCTs & EIS

  Benefit from 30%-50% income tax relief, capital gains exemptions and IHT advantages. VCTs offer tax-free income while EIS provides loss relief.

• Estate Planning

  Consider the use of annual allowances and review the changes to Business Relief.

Plan now to maximise tax efficiency, grow wealth, and reduce risk. For tailored advice call 020 7353 6373 or email financialadvice@fswealth.co.uk for a free consultation and financial review.

Fleet Street Wealth is a specialist, independent, fee-based wealth management firm and one of the largest providers of financial advice and wealth management services to the Bar.

Fleet Street Wealth is a trading style of Fleet Street Financial Which is authorised and regulated by the Financial Conduct Authority.