Consider Use All Tax Allowances or Lose Before Tax Year End
Published / Last Updated on 22/02/2020
Pension tax relief may come under attack in the Budget
Dividend tax rates may come under attack in the Budget
A new Wealth tax relief may arrive
Make sure you use up your
Pension Allowances, tax relief and unused years relief (carry forward)
Capital Gains Tax Allowance e.g. on shares and sell, buy, bed and breakfast, bed and ISA, bed and SIPP overnight
Make sure you use your £3,000 annual inheritance tax gifting allowance, you can gift more if you wish but it is £3,000 that drops outside the estate immediately, and the rest must wait for 7 years to drop outside the estate.
ISA Allowance £20,000, Junior ISA allowance £4,368. Use them or lose them.
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