This time around there is more reason than ever to
undertake some early tax year end planning.
This year the Budget, tax year end and a general election will
all occur within a two month period. The 2014/15 year end tax
checklist is thus a combination of the familiar March exercises,
together with a round of pre-election planning, some of which may
be put in place after 5 April:
Pensions
The year end planning focus for pensions is traditionally on you
maximising contributions and tax relief. In 2015 this aspect is
especially important because of the recent reduction in the annual
allowance and the threat of a post-election cut to tax relief. If
you want to top up your pension, make sure you talk to us first:
there are bear traps amidst the tax-saving opportunities.
