Wealth planning

What to do before the end of the tax year

Make sure you don’t miss the deadline to claim important allowances and reliefs.

06/02/2018

Jonathan Brownlow

Jonathan Brownlow

Wealth Planner

The end of the tax year is fast approaching and there are a number of valuable allowances and reliefs that will be lost if they are not used before the deadline. We summarise these allowances below and suggest areas to review before 5th April 2018.

CAPITAL GAINS TAX (CGT) ALLOWANCE

INDIVIDUAL SAVINGS ACCOUNT (ISA) ALLOWANCE

JUNIOR ISA ALLOWANCE

PENSIONS CONTRIBUTIONS

IHT GIFT EXEMPTION

INCOME AND EXPENDITURE

NON-DOMICILED INDIVIDUALS

Please contact us for any futher information.

These figures are based on current rules and our understanding of what the allowances will be in the next tax year. The Spring Budget announcement will be made on the 13th March and this checklist will be updated if there are any changes.

Statements concerning taxation are based on our understanding of the taxation law in force at the time of publication. The levels and bases of taxation may change. You should obtain professional advice on taxation where appropriate before proceeding with any investment. Readers should seek professional advice for their individual circumstances.

Author

Jonathan Brownlow

Jonathan Brownlow

Wealth Planner

Jonathan joined in 2016 and is a Wealth Planner, providing advice to clients on pension and tax planning issues. Previously he has worked at RBC, HSBC, and a privately owned wealth management firm specialising in advice to financial services professionals. Jonathan has 14 years’ experience, is a Fellow of the Personal Finance Society and a Chartered Financial Planner.

This article is issued by Cazenove Capital which is part of the Schroders Group and a trading name of Schroder & Co. Limited, 12 Moorgate, London, EC2R 6DA. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. 

Nothing in this document should be deemed to constitute the provision of financial, investment or other professional advice in any way. Past performance is not a guide to future performance. The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested.

This document may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements.

All data contained within this document is sourced from Cazenove Capital unless otherwise stated.

Contact Cazenove Capital

To discuss your wealth management requirements, or to find out more about our services and how we can help you, please contact:

John Gordon

John Gordon

Business Development Director
Telephone:
john@cazenovecapital.com
James Gladstone

James Gladstone

Head of Wealth Planning
Telephone:
james@cazenovecapital.com