Build momentum from day one – new tax year planning

A new tax year feels a bit like spring cleaning for your finances – a fresh start, new allowances and a chance to put good habits in place early. 

Acting now, rather than later in the year, can help you make the most of available tax reliefs and shape a plan that supports your longer-term goals. A few simple steps can make a meaningful difference. 

Make the most of this year’s allowances 

• Use your ISA allowance – you can invest up to £20,000 into ISAs this tax year. The sooner you contribute, the longer your money has the potential to grow tax-free. You can also contribute to a Junior ISA (JISA) for your children (or grandchildren), helping to build tax-efficient savings for their future 

• Review your capital gains position – using your annual exemption thoughtfully can help reduce tax on investment gains  

• Strengthen your pension savings spring cleaning for your finances – pension contributions benefit from tax relief and may reduce your taxable income. Starting early can smooth contributions across the year 

• Consider IHT planning – making use of gifting allowances during your lifetime can gradually reduce the value of your estate and support the next generation. 

Start the 2026/27 tax year with confidence 

The start of the tax year is the ideal time to step back and review your wider financial plan. Are your investments aligned with your goals? Are you saving in the most efficient way? Small, proactive decisions now can create flexibility and confidence later. 

If you’d like to explore how to make the most of the 2026/27 tax year that starts on 6 April, we’re here to help you put a clear plan in place – so you can move forward with clarity and peace of mind.  

Tax treatment depends on individual circumstances and may change in future. 

The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated. The Financial Conduct Authority does not regulate Will writing, tax and trust advice and certain forms of estate planning. Tax legislation and rates can change, and their application depend on individual circumstances.