Year-End Tax Planning – Reducing Your Tax Bill 2016

A little planning can go a long way. The period leading up to 5 April is one of the best times to review your taxes and finances to reduce the taxman’s take.

Here is our summary of the important year-end tax tips to identify areas that should be considered prior to 5 April 2016 and how to structure your affairs for the new tax year. Tax advice should be sought prior to implementing any of the suggestions below.


Key Points

  • Look to make personal pension contributions before Budget Day on 16 March 2016;

  • Make use of other tax reliefs and allowances to reduce your rates of tax;

  • Consider paying a dividend as the dividend rates are increasing;

  • Make use of ISA allowances to save tax-free (although the new savings allowance will be beneficial for many).



  • Income Tax (Dividend Income and Pension Contributions)

  • Property Related Matters

  • Personal Savings Allowance

  • Tax Efficient Investments (ISAs and SEIS/EIS/VCT)

  • Capital Gains Tax (£11k Annual Exemption and Members Voluntary Liquidations)

  • Inheritance tax


Our comprehensive guide can be accessed here.




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