End of year tax planning?
Four key tips from Gold Wealth Management
With the cost of living squeeze we need to ensure that our money is working harder and smarter for our family. With the end of tax year looming, Lawrence Gold from Gold Wealth Management, recognisable for his role as financial expert in the award-winning BBC2 programme ‘The Bank of Mum and Dad’ has some key tips on using up personal allowances.
Your £20,000 ISA allowance This year, the ISA tax-efficient allowance is still £20,000. Top up your ISAs before the end of the tax year on 5 April 2023, or you’ll miss out on this tax-efficient opportunity. Opening a Junior ISA means you can save up to £9,000 tax-free for your children or grandchildren. It’s a lovely way to get them off to a great start for later down the line.
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SJP Approved 27/02/2023