New Tax Year, New Financial Goals: 3 Smart Moves to Make Now

Written By Patrick Salmon

1. Start Your ISA Contributions Early

Using your £20,000 ISA allowance early gives your money more time to grow tax-free.

Tip: If you invest monthly, starting now means 12 full months of contributions.

2. Maximise Your Pension Contributions

The annual allowance remains at up to £60,000 (or your annual income, whichever is lower).

Consider salary sacrifice if you're employed — it reduces both income tax and National Insurance.

3. Use Your Gifting Allowances

You can give away up to £3,000 each tax year without it affecting inheritance tax. It’s a simple way to pass on wealth tax-efficiently.

Patrick Salmon