The end of the tax year is around the corner and Young & Co have produced a tax card showing the new rates and allowances for the 2017/18 tax year. A copy of this can be downloaded from here; Young & Co – Hereford Accountants UK Tax Card 2017-2018.
Don’t forget that there are only a few days left to make use of your 2016/17 allowances. These include:
•Pension contributions, especially for higher rate taxpayers;
•ISA and Junior ISA allowances;
•Check Capital Gains on share portfolios and make use of the annual exempt amount and any uncrystallised losses;
•Make use of the annual Inheritance Tax gift allowance of up to £3,000;
If you have any questions, we’re happy to speak to you.