- Could you transfer income to your partner to minimise higher and top rate taxation next year, to maximise the tax-free savings and dividend income limits, or to avoid losing child benefit?
- Have you considered the timing of dividends and bonuses to minimise tax rates?
- Have you used your annual CGT exempt amount by making any available disposals before 6 April 2024?
- Have you used this year's ISA allowance before 6 April 2024?
- Are you investing enough in your pension (or possibly a lifetime ISA) if you wish to, or have to, retire earlier than state pension age, which is likely to keep going up?
- If you are aged over 55, have you taken advice about the options for drawing your pension savings?
- Have you made gifts to use your annual IHT allowances?
- Are you considering any charitable gifts now or in your will?
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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