Guide: 7 allowances you might want to use before the end of the 2024/25 tax year
The current tax year will end on 5 April 2025. When the new tax year begins, many allowances will reset, so you might want to check if you could benefit from using these seven to make your finances more efficient and reduce your overall tax bill in 2024/25.
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.