Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.
Money Tips 36 Day 7 - End of Year Tax Planning
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- Duración: 0:02:48
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Money Tips 36 Day 7 - End of Year Tax Planning If you are listening to this in the UK in the month of March, you only have a few weeks remaining until the end of the current tax year on 5 April. Join my Money Tips 365 Supporters Club on Spotify: - https://podcasters.spotify.com/pod/show/charles-kelly/subscribe Now is the time to think about tax-free allowances into pensions and ISA savings schemes, as well as other tax friendly investments. Other countries vary, but the principles are the same. If you are in business, you should also be talking to your tax or financial advisor about what tax savings you could make before the end of the current tax year. Don’t rely on your accountant to do this for you as most are not proactive. New UK ISA allowance announced in the budget This week, the Chancellor, Jeremy Hunt, announced a new £5000 additional tax free allowance for ISA investments provided they are invested into British shares. This means you can invest the money directly into shares or i