Guide: 7 allowances you might want to use before the end of the 2024/25 tax year if you're a UK tax resident
This guide explores some of the allowances that could help your money go further. You might discover you could reduce your Income Tax liability by using the Marriage Allowance or find a tax-efficient way to save for your long-term goals by using an ISA or pension.
When a new tax year starts, many allowances reset. So, checking if you could use these valuable allowances before 5 April 2025, when the 2024/25 tax year ends, might help your money go further.
It’s important to understand which allowances fit into your financial plan and suit your goals. So, this guide could help you assess which allowances you might want to use before the current tax year ends.
The guide explains the:
- ISA allowance
- Junior ISA allowance
- Dividend Allowance
- Capital Gains Tax Annual Exempt Amount
- Marriage Allowance
- Pension Annual Allowance
- Inheritance Tax annual exemption
Download your copy here: ‘7 allowances you might want to use before the end of the 2024/25 tax year’ to find out more now.
If you have any questions about using allowances before the end of the tax year or managing your finances in the new 2025/26 tax year, please get in touch.
