End of tax year – one day left!
By Kirsten Hastings, 4 Apr 18
Investors and savers have just one day left to take advantage of the current tax exemptions and benefits before new rules come into force in the UK on 6 April.
Consider topping up your pension
Ordinarily, tax relief is payable on pension contributions up to the annual allowance of £40,000 for the 2017/18 tax year.
Unlike Isas, unused pension allowances can be carried forward from the previous three tax years.
However, those with high levels of income may be restricted in the contributions they can make.
Note: You need to have sufficient earnings to support making a pension contribution. If you don’t have any earnings you can contribute a maximum of £3,600 gross.
Tags: IHT
