Use it or lose it – know your limits

It’s that time of year again…the run-up to the tax year end on 5th April 2020 provides an opportunity to finalise your affairs for the 2019/20 tax year. The recent general election meant the usual Autumn budget was deferred from October and is now scheduled to take place on 11th March 2020.

In uncertain times, it’s easy to let life’s dramas and global events distort your judgement. The risk is that you delay the actions that can help you achieve financial security for yourself and your family. That includes taking advantage of the valuable tax breaks offered each tax year.

How much tax will you pay on your investments? Is your pension planning on track to provide the retirement lifestyle you would like? How much of your wealth could pass on to your family free of Inheritance Tax? It’s in your control. Whether it’s planning your investments or your legacy, now is the time to act before the tax year-end deadline on 5 April.

Our advisers will of course write separately covering any changes t