Don't miss out on your annual tax allowances

Making the most of your annual tax allowances will help you achieve your long-term financial objectives

Whether you’re just starting out and looking to buy your first home, securing your family’s financial future, looking at how you can retire in style or passing on your wealth, there

are things that you can do now to help you to achieve this.

In our guide, you’ll find useful information to help you think about how to secure yours and your family’s financial future by using the allowances available.

Tax deadline checklist:

1. Make the most of your ISA allowance - Open or top up your ISA and shelter up to £20,000 this tax year (2024/2025).

2. Open a Junior ISA - Up to £9,000 per child tax year (2024/2025).

3. Use your pension allowance of up to £60,000 and use any carried forward allowances.

4. Reduce your Inheritance Tax liability - Use your annual gifting exemption of up to £3,000 in this tax year. Use any previous unused annual allowances too.

5. Make the most of your annual Capital Gains exemptions.

Contact us for expert help on how to make the most of the allowances available to you before the end of this tax year.

Tax Year End 2024-25 Client Guide.pdf

Download PDF • 3.45MB

An ISA is a medium to long term investment, which aims to increase

the value of the money you invest for growth or income or both. The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested. HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.