Tax Planning Strategies for the 2024/25 Tax Year

Use Your Personal Allowance

Everyone gets a tax-free personal allowance of 12,570 GBP for 2024/25.

ISA Allowances

You can save up to 20,000 GBP in ISAs each tax year completely tax-free.

Pension Contributions

Pension contributions receive tax relief, making them one of the most tax-efficient ways to save.

Marriage Allowance

If you are married or in a civil partnership, you may be able to transfer part of your personal allowance to your partner.